Archive | July, 2004

Reality of freight futures

By David Hughes – SHIPPING is risky business. Apart from the physical dangers in carrying people and goods across the oceans, the shipping market is volatile and subject to cyclical booms and slumps. Owners, at least those in the bulk trades, have always had to worry about either being locked into comparatively unprofitable use of […]

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GDP Report Could Spur Talk of Stagflation

By Rebecca Byrne Stagflation is a word that might spring to mind on Friday morning after the second-quarter gross domestic product report is released. Because economic growth is expected to rise a healthy 3.7% in the quarter and the GDP price deflator is projected to increase at a 3% annual pace, talk of stagflation — […]

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IPE traders fight rearguard action

By Kevin Morrison The colourfully attired oil traders who work on the floor of the International Petroleum Exchange (IPE) do not have to look far to see what the future may hold. Each day as they walk in and out of their offices near the Tower of London, they can see the former trading floor […]

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Gold May Rise on Increased Demand From Jewelers, Survey Shows

July 26 (Bloomberg) — Gold may rise for the first week in three on expectations that the lowest prices in a month will encourage jewelry makers to increase purchases. Twenty-four of 48 traders, investors and analysts surveyed in New York, London, Singapore, Beijing, Seoul and other cities on Thursday and Friday advised buying gold, which […]

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Chinese Puzzle

Chinese Puzzle

China’s hopes of avoiding overheating in its booming economy wavered. Consumer prices grew by 5% in the year to June, after increasing by 4.4% in May, but the country’s burgeoning rate of growth slowed. GDP in the second quarter grew by 9.6% over the year, down from 9.8% in the first quarter. Analysts had expected […]

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Soybean Prices Collapse: What Next?

By Darrel Good August 2004 soybean futures reached a high of $10.26 on March 24, 2004 and traded to a low of $7.05 on July 16. While some have termed the decline as unprecedented, it is reminiscent of some past price behavior. July 1977 soybean futures reached a contract high of $10.64 in May 1977 […]

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From alpha to omega

From alpha to omega

From The Economist print edition The rush into hedge funds is pushing down returns A GENTLE stroll around St James’s, the nice part of London in which The Economist is based, and Mayfair, a little to the north-west, reveals to those with an eye for such things the changing face of the world’s financial-services industry. […]

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Analyst connects the dots in markets

By Sherry Slater The secret to predicting the stock market’s direction lies in understanding the commodities market, an Iowa-based author says. Glen Ring, an analyst and speaker, will offer his insights to local investors Thursday and Friday as he explains how various markets interact. The evening, introductory session is free. The day-long, advanced session costs […]

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Skill Matters Most With Commodities

Skill Matters Most With Commodities

By Howard Simons The managed futures industry long has sold itself as a diversification away from conventional asset classes such as stocks and bonds. And, as we can see in the chart below, managed futures as a class do follow a different return path than U.S. equities, and with far less dramatic volatility. But limiting […]

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