Baudoin Delforge, president of the Bourse of Commerce closes the European markets in Paris. He is here to present the annual European Commodity Bourse which will take place in Paris this year in October.
On 10th and 11th of October 2013 the Paris Bourse of Commerce is organising the largest annual grains event at the Palais des Congrès. The main actors of the grains industry will come together to discuss hot topics and the future of the business. The teams of the Bourse of Commerce are looking to host around 3000 delegates.
From The Trading Floor: Choppy / mixed economic reports have investors booking profits this morning after the Dow and S&P 500 reached new record highs yesterday.
Manufacturing in the New York Region shrank in May by -1.43 as factories received fewer orders and sales stagnated.
The producer price index declined by -0.7% in April. U.S. producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled, pointing to weak inflation pressures that should give the Federal Reserve latitude to keep monetary policy very accommodative
Industrial Production declined in April by -0.5%, the most in 8 months
Home builder sentiment index comes in at 44, beating the consensus of 43 and higher than the adjusted April number of 41
Ahead of the Bell: Dow futures are trading down 6 points and S&P futures are trading down 2 points after the Dow and S&P 500 hit another all-time high in the previous trading session. The euro zone economy contracted for a sixth straight quarter in a row, despite positive first quarter growth from Germany, which managed to eke out a 0.1% gain in the first quarter after contracting sharply at the end of 2012, while Italy and France sunk further into recession. The ECB is expected to continue its accommodative monetary policy. Austerity measures have been put off for now, even though Germany believes the Euro bloc bloated debt crisis is dragging on the region's growth.
On the economic calendar today, April producer price index will be released before the market opens and a 0.7% decrease is expected, compared to a 0.6% increase the month before. The empire state manufacturing survey will be out before the...
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