News Markets Media

USA | Europe | Asia | World| Stocks | Commodities





Home Markets All articles

The strong upturn in steel demand which began in 2002 has come to an abrupt halt. Growth in demand for steel began to weaken appreciably in August 2008, in response to slowdowns in construction activity in developed economies and China’s moderating economic expansion. Since then, the extraordinary set of events surrounding the financial sector and the sharp deterioration in business prospects for steel-consuming industries have led to depressed steel demand conditions in all major markets.
wiÍcej, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, believes that steel prices have reached the bottom.

A total of 49 companies will conduct IPOs in 2008, including those through the end of the year. This represents a roughly 60% decline from 121 companies last year. It will also be the first time since the markets for emerging companies were established in 1999 that the number of IPOs will be in the double-digit range.

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 31.38 million barrels per day (b/d) of crude oil in November, according to a Platts survey of OPEC and oil industry officials just released. This is a decline of 880,000 from the October level of 32.26 million b/d.

Despite extreme volatility in the stock market, 60 percent of U.S. consumers in a new Morpace Omnibus Study say they are not altering the way they make their investment choices. This proportion has remained essentially unchanged over the past four months.

NYSE Euronext announced trading volumes for its global cash equities and derivatives exchanges. NYSE Euronext registered increased trading activity on U.S. cash equities and options exchanges in November and strong year-to-date volume gains across all its global multi-asset platforms.

Commodities At Six Year Lows
added: 05-12-2008

Lead by oil and metals, especially copper, the downward march of commodity prices continues apace. Oil fell under $US44 a barrel yesterday; it's more than $US103 down from the July peak of $US147.47 a barrel. Oil is at a three and a half year low.

In a recent survey conducted by SogoTrade, the $3 per trade online brokerage, 62 percent of active investors expressed some concerns about the current volatile market, but just 17 percent said they are sitting on the sidelines waiting for signs to reenter. Fully 20 percent said in the current volatile market environment they are both "excited and enjoying the action," and only 1 percent expressed that they would "probably never own a stock again."

First Australia, then China's manufacturing sector had a horror October according to survey results released yesterday. Then overnight the US, Russia, UK and Europe produced surveys showing similar results. All signs the slump in the respective economies is deepening.

US and European stock markets will be looking for more gains in coming days after the strongest bounce for weeks last week. Most markets had goodish gains Friday, with the US in a half day's trading mode after Thanksgiving.

Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] next »

Privacy policy . Copyright . Contact .