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Market News Updates
Closing Market Recap: S&P/TSX Composite Index Closes at Record High
May 12 21:15 GMT, by CEP News
(CEP News) - Energy and commodity prices pulled back but Canadian stocks marched to new highs on Monday as the S&P/TSX composite index closed at a record high of 14666. The S&P 500 had its best day since May 1 and the strength in stocks led t...
Market Recap: S&P/TSX Composite Index Climbs to Intraday Record
May 12 18:35 GMT, by CEP News
(CEP News) - The S&P/TSX composite index rallied to an all-time high alongside crude oil on Monday. U.S. equities also opened the week higher while Canadian government bonds are outperforming Treasuries.
Market News Recap
Monday's News Recap: TSX, Crude Hit New Records; Fed's Evans Sees Balanced Risks
May 12 21:27 GMT, by CEP News
(CEP News) - Another day of record high oil prices helped push the S&P/TSX index to a new all-time record high on Monday morning before crude oil prices retreated. In the United States, markets received comments from Chicago Fed President Charles...
Midday News Recap: S&P/TSX, Crude at New Record; Fed's Evans Sees Balanced Risks
May 12 16:09 GMT, by CEP News
(CEP News) - Another day of record high oil prices helped push the S&P/TSX index to a new all-time record high on Monday morning while U.S. equities posted modest gains. In the United States, markets received comments from Chicago Fed President C...
US Economic News
The Day Ahead Canada & U.S.: U.S. Retail Sales, Fed Speakers
May 12 21:38 GMT, by CEP News
(CEP News) - Tuesday is a busy day with the release of tier-one data and seven Fed speakers.
Lacker Says Federal Reserve Responsible for Inflation, Including Food and Energy
May 12 20:06 GMT, by CEP News
(CEP News) - Federal Reserve Bank of Richmond President Jeffrey Lacker said inflation was "disappointing" in 2007 and that central bankers must factor in the effects of rising food and energy prices.
European Economic News
The Day Ahead Europe & UK: UK Inflation Data
May 12 21:37 GMT, by CEP News
(CEP News) - On Tuesday, markets will focus on UK inflation for April with the release of CPI and RPI reports.
Euro up Against Majors Following Trichet Statements
May 12 17:48 GMT, by CEP News
(CEP News) - The euro was up against majors on Monday, having gained steadily in value since the morning.
Asian Economic News
The Day Ahead Japan and Australia: Australian Budget; Japan CGPI
May 12 21:37 GMT, by CEP News
(CEP News) - Monday night will be quiet for markets in Australia and Japan, with most of the focus on Tuesday night when the Australian government releases its 2008 budget.
U.S. Dollar Down Against Most Majors, Up Against Yen
May 12 18:55 GMT, by CEP News
(CEP News) - The U.S. dollar was down against most majors, with exception to the Japanese yen, on Monday as markets prepare to receive U.S. April advance retail sales on Tuesday.
Canadian Economic News
The Day Ahead Canada & U.S.: U.S. Retail Sales, Fed Speakers
May 12 21:38 GMT, by CEP News
(CEP News) - Tuesday is a busy day with the release of tier-one data and seven Fed speakers.
Canadian Government to Step Up Gas Pump Inspections, Industry Minister Says
May 12 19:44 GMT, by CEP News
(CEP News) Ottawa - News reports that almost 5% of gas pumps dispense less fuel than they charge for is prompting the Canadian government to "beef up" its inspections of gas stations and contemplate legislative and regulatory changes that would boost...
Australian Economic News
The Day Ahead Japan and Australia: Australian Budget; Japan CGPI
May 12 21:37 GMT, by CEP News
(CEP News) - Monday night will be quiet for markets in Australia and Japan, with most of the focus on Tuesday night when the Australian government releases its 2008 budget.
Australian Business Conditions Decline in April
May 12 11:55 GMT, by CEP News
(CEP News) - According to National Australia Bank, the Aussie business confidence index declined to a reading of -8 in April from March's -4 reading. The business conditions index also remained unchanged at a score of 7.
Commodities News

Financial markets are inter-related. That's why stock traders will look at bond market. Commodities traders will watch the forex market closely. Taking a look at what's happening in other markets is also important for every forex traders. Make sure you check out what's happening in the commodities market with commodities news everyday before you trade forex. The commodities news below are from various source which would be useful to every forex traders..

Oil prices edged higher on supply worries, but gains capped by stronger dollar

Mon, 5 May 2008 13:33:00 GMT from Canadian Business Magazine
Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell's joint venture in southern Nigeria and that some oil production had been shut down. He gave no further details. Flow stations are

Oil prices rise above $117

Mon, 5 May 2008 13:18:00 GMT from Economictimes
supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by the strengthening of the US dollar. Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell's

Commodities: Up on the farm

Mon, 5 May 2008 13:08:00 GMT from Canadian Business Magazine
issue of Canadian Business magazine Investors looking for the might suspect its time to forget $100 oil or $1,000 gold and start thinking about wheat, corn, soybeans and other agricultural products. Over the past year, farmed goods have outperformed

Best Cocoa Farmer urges colleagues to maintain quality production

Mon, 5 May 2008 13:03:00 GMT from Ghana News Agency
Akim Oda, GNA - Cocoa farmers in the country have a duty, more than pleasure to help maintain Ghana's image as the producer of high quality cocoa, a municipal best farmer has said. Mr Emmanuel Duah, Birim Central Municipal best farmer, gave the advice at

MAG Silver Intersects Silver/Lead/Zinc Over Wide Zone at Batopilas 61.2 metres grading 20.5 grams per tonne (g/t) silver, 0.66% lead and 0.84% zinc

Mon, 5 May 2008 12:58:00 GMT from Quote.com Canada
MAG Silver Corp. (TSX:MAG)(AMEX:MVG) announces that its 2008 exploration program on it's 100% owned Batopilas Native Silver District has encountered a broad zone of silver/lead and zinc mineralization in Hole BA08-21 located in the Animas area. The zone

MAG Silver Intersects Silver/Lead/Zinc Over Wide Zone at Batopilas

Mon, 5 May 2008 12:56:00 GMT from Earthtimes.org
Author : MAG Silver Corp. Category : Press Release News Alerts by Email click here ) News | Home VANCOUVER, BRITISH COLUMBIA -- 05/05/08 -- MAG Silver Corp. (TSX: MAG)(AMEX: MVG) announces that its 2008 exploration program on it's 100% owned Batopilas

Best Cocoa Farmer urges on cocoa maintainance

Mon, 5 May 2008 12:55:00 GMT from Ghana Review International
- Cocoa farmers in the country have a duty, more than pleasure to help maintain Ghana's image as the producer of high quality cocoa, a municipal best farmer has said. Mr Emmanuel Duah, Birim Central Municipal best farmer, gave the advice at Akim Oda on

Brown calls for pressure on OPEC on oil price

Mon, 5 May 2008 12:33:00 GMT from Christian Today
Extract not available.

Brown calls for pressure on Opec to cool oil prices

Mon, 5 May 2008 12:24:00 GMT from Gulf News
REAL ESTATE PROPERTY SHIPPING TELECOM TOURISM & TRAVEL TRADE MORE STORIES FROM Business AVIATION INTERNET INVESTMENT REAL ESTATE PROPERTY RADIO 1 RADIO 2 SPORT SPECIAL Business Features gulfnews.com Al Nisr

Ecclesiastical Insurance Office plc: Soaring Metal Prices Leads to Skyrocketing Incidence of Metal Theft

Mon, 5 May 2008 12:23:00 GMT from Canadian Business Magazine
When older buildings were constructed, these metals were far less valuable, and no thought was given to the possibility of theft. It is important to recognize the potential targets your property may hold, and to take action to protect it. Innovative

JSW Steel cuts prices after New Delhi scraps import duties

Mon, 5 May 2008 12:09:00 GMT from Steel Week
Extract not available.

Japan's steel exports hit record high in fiscal 2007

Mon, 5 May 2008 12:09:00 GMT from Steel Week
Extract not available.

Big, bright future for China gold digger

Mon, 5 May 2008 12:06:00 GMT from The Australian
Sino Gold (GX); Macquarie Research; Outperform rating; Share price valuation of $5.48; Last traded at $5.10 FOR a country which just happens to be the world's biggest producer of gold, there is a complete absence of the traditional heavyweight industry

Resource stocks bounce back across Asia as commodities rally

Mon, 5 May 2008 11:49:00 GMT from MarketWatch
HONG KONG (MarketWatch) -- Asian markets began the week on a positive note, as investors bought into resource stocks such as China's Zhongjin Gold Co. as well as Australia's BHP Billiton and Woodside Petroleum on hopes that commodities prices may be

China's proven gold reserves ranks seventh in the world

Mon, 5 May 2008 11:38:00 GMT from Ein News
Extract not available.

Itronics to Sell GOLD'n GRO Guardian Deer Repellent in the West, Northeast, Midwest and South

Mon, 5 May 2008 10:53:00 GMT from Yahoo! Canada
-- Itronics Inc. (OTC BB:ITRO.OB - News) (Frankfurt:ITG.F - News) (Berlin:ITG.BE - News) today reported that its wholly-owned subsidiary, Itronics Metallurgical, Inc., is in process of registering its one-of-a-kind GOLD'n GRO Guardian deer repellent and

Asian Markets Post Gains, Led By Commodities, Positive News From The US - Asian Commentary

Mon, 5 May 2008 10:47:00 GMT from Nasdaq
(RTTNews) - Most of the markets in the Asian region, that were open for trading on Monday morning, posted gains and ended the trading session in the green, led by positive sentiments from the US market, which posted gains on Friday after the much

Commodities Rally Despite Stronger Dollar

Mon, 5 May 2008 10:14:00 GMT from Michigan Farmer
The dollar surged to nearly two-month highs this morning shortly after the Labor Department released April jobs data. The report reflected a smaller decline in jobs than expected in April. Payrolls declined by 20,000 during the month, while analysts

Itronics to Sell GOLD'n GRO Guardian Deer Repellent in the West,

Mon, 5 May 2008 09:28:00 GMT from Market Wire via MSN Money
Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) today reported that its wholly-owned subsidiary, Itronics Metallurgical, Inc., is in process of registering its one-of-a-kind GOLD'n GRO Guardian deer repellent and fertilizer for sales starting

AK Steel Announces Price Increase For Carbon Steel Products

Mon, 5 May 2008 09:01:00 GMT from Interest!ALERT
WEST CHESTER, Ohio, May 2 /PRNewswire-FirstCall/ -- AK Steel About AK Steel AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.

Capital Gold Group, Inc. - Sponsors C5 Youth Foundation Formerly 'Camp Coca-Cola'

Mon, 5 May 2008 09:00:00 GMT from Interest!ALERT
LOS ANGELES, May 2 /PRNewswire/ -- Capital Gold Group, Inc. announced today that it is a new sponsor of C5 Youth Foundation, whose mission is to change the odds for high-potential youth from risk-filled environments, inspiring them to pursue personal

Fast-rising commodities hurting world economies

Mon, 5 May 2008 08:53:00 GMT from Ein News
Extract not available.

Steel Prices In UAE Hit Dh4,500 Per Tonne

Mon, 5 May 2008 08:36:00 GMT from Zawya.com
Extract not available.

Commodity Prices Rise in Devastated Rangoon

Mon, 5 May 2008 07:57:00 GMT from The Irrawaddy
The devastating cyclone that slammed into mainland Burma on Saturday will only increase the economic woes and suffering of the Burmese people, say Rangoon residents. Many commodity prices-including vegetables and eggs-instantly increased 100 percent

Aluminium outdoor enclosure

Mon, 5 May 2008 07:54:00 GMT from Australian Mining
Rittal has launched an aluminium outdoor enclosure optimised for telecommunications and industrial applications. The CS New Basic is a single-walled aluminium enclosure with a IP 55 protection rating offering a high level of EMC protection and cable

Oil prices rise in Asian trade

Mon, 5 May 2008 07:40:00 GMT from Antara Interactive
Singapore (ANTARA News) - World oil prices rose in Asian trade on Monday after fresh unrest in Africa's biggest crude producer, Nigeria. New York's main oil futures contract, light sweet crude for June delivery, was 15 cents higher at 116.47 dollars per

UAE blames inflation on global commodity prices, currency peg

Mon, 5 May 2008 07:34:00 GMT from Business Intelligence Middle East
UAE. HE Sultan bin Saeed Al Mansouri, UAE Minister of Economy, headed a delegation from the UAE Ministry of Economy participating in the 2008 Arab Economic Forum which runs from 2-3 May at the Phoenicia Intercontinental Hotel in Beirut. Held under the

Opec's Gamble

Mon, 5 May 2008 07:33:00 GMT from Energy Intelligence Group
Extract not available.

New Zealand's May ANZ Commodity Price Index Down 0.3% On Month

Mon, 5 May 2008 07:13:00 GMT from Nasdaq
Extract not available.

Amended: New Zealand's April ANZ Commodity Price Index Down 0.3% On Month

Mon, 5 May 2008 07:13:00 GMT from Nasdaq
(RTTNews) -


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