Stocks & Equities

Obama’s Bluff

Posted by George Friedman

on Wednesday, 28 August 2013 13:43

geopolitical-weeklyImages of multiple dead bodies emerged from Syria last week. It was asserted that poison gas killed the victims, who according to some numbered in the hundreds. Others claimed the photos were faked while others said the rebels were at fault. The dominant view, however, maintains that the al Assad regime carried out the attack.

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October WTI Oil futures hit $112 a barrel overnight, marking a new 2 year high in oil prices.

 

Drew Zimmerman

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Brent oil hits six-month high, gold up on Syria tension

Copper prices fell slightly as signs of stabilization in China, a major importer of the metal, were offset by worries over the potential tapering of the U.S. stimulus program.

Corn and soybean futures slipped as forecasts for wetter-than-expected weather in U.S. Midwest crop areas prompted profit-taking on gains made in the two previous sessions. Raw sugar was weighed down by increased cane crushing in top grower Brazil, and arabica coffee neared a four-year low.

The 19-commodity Thomson Reuters-Jefferies CRB index settled up 0.6 percent as higher oil, gasoline and precious metals prices outweighed losses in grains and other crops.

Grandich on the markets

Posted by Peter Grandich

on Tuesday, 27 August 2013 21:24

Grandich and OGrady

BoC counters fears of Fed tapering

Posted by Louise Egan, Reuters

on Tuesday, 27 August 2013 21:21

Bank of CanadaThe eventual removal by the U.S. Federal Reserve of its monetary policy stimulus should be viewed positively, Bank of Canada Deputy Governor John Murray said on Tuesday in a rebuttal to critics who expect Fed tapering to reverberate negatively around the world.

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