May 2014

Stocks Market Review 2nd May

Stocks – Asia

Asian stocks were seen trading mixed on the last day of the trading week as investors focus on the release of the US non-farm payrolls for April, due later in the day.

In Japan, the benchmark Nikkei 225 index dropped 0.19% lower closing the session at 14,4457.51, while Tokyo’s broader Topix index edged 0.02% higher at 1,182.48. Read more

Crude Prices Drops on Weak China PMI Data

Crude prices traded lower on Thursday, dragged lower by the disappointing PMI figures from China while crude inventories in the US climbed to a record-high.

The North American West Texas Intermediate crude for June delivery slid 0.15% trading at $99.63 per barrel on the New York Mercantile Exchange at the time of writing. While futures for the European benchmark Brent crude for June settlement lost 0.13% to $107.94 a barrel at the same time on the ICE Futures Europe exchange. Read more

Cotton Extends Gains on US Supply Worry

Cotton prices were seen trading higher as it reached a sixth straight monthly gain while the long-term drought in Texas continues. The common cotton areas from Virginia, central Mississippi, Alabama and northeast Louisiana saw about 250% normal rain in April, according to reports from MDA Weather Services. This year, prices for the commodity climbed by 11% this year.

Meanwhile in the Western region of Texas, approximately 75% of fields saw less rain this month, Drew Lerner, President and Senior Agricultural Meteorologist of World Weather, said in an interview. Read more

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Strong Jobs Report Could Push Gold Down

Investors turn to gold as a safe haven investment when the economy is in poor shape. Therefore, people who trade gold should be on the lookout for any indicators that the economy could pick up, as this can drive the price of the precious metal down.

One factor that could decrease gold demand is a strong employment report for April. The Department of Labor has yet to release its figures, but ADP’s National Employment Report is generally a good measure, and it revealed strong growth. Read more