Commodity Prices Plunge On Thursday Commodities prices tumbled on Thursday, led by the steepest oil-price decline in more than two years, triggering a selloff in stocks as well. The Dow Jones Industrial Average fell 139.41 points,
air max ltd 2 trainers, or 1.1%, to close at 12584.17, making the Dow's two-day slide its worst in nearly two months. The stock market previously had been mostly spared from the weeklong downturn in raw-materials prices. 'It's a mass liquidation. I think it's just hedge funds got scared and everyone's running for the door right now,
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Air Max Skyline, senior market strategist with Lind-Waldock. 'It just seems to be contagion.' Worries about overheated markets appear to have sparked the selling,
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air max 90 infrared, another closely watched economic barometer, shed 3% for the second day in a row, while cotton and sugar also fell, continuing their recent slides. 'We see funds and speculators looking at their balance sheets and seeing commodities and wanting to remove that risk,' said Keith Flury,
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Cheap Air Max 90, Alcoa Inc. dropped 2.6%, and Chevron Corp. declined 2%. For about 15 minutes in the last hour of trading, stocks slid rapidly, with the Dow shedding more than 200 points at one point. After the selloff, investors were bracing for Friday's monthly jobs report,
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kids air max 90, in early trading Friday, markets continued the declines. Japan's Nikkei average was down 1.7%, Australia's S&P/ASX 200 fell 0.3%, South Korea's Kospi Composite dropped 1.3% and New Zealand's NZX-50 was off 0.1%. The long-sagging dollar, meanwhile, got a reprieve,
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ken griffey air max 1, and on consumers still wrangling with high unemployment. New filings for unemployment benefits increased last week to the highest level since last summer, according to Labor Department data released Thursday. That, in turn,
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cheap Airmax 2010, an analyst at Citigroup's Citi Futures,
nike air max trainer one, said he doesn't expect oil's decline to translate right away into less expensive gasoline. But he said gas prices,
air max 108, which hit $3.96 per gallon on average Monday, may be at or near the peak for the year. U.S. oil prices have fallen for four consecutive days in the futures market, and are down 12.4% this week. Still, even with the recent price declines, commodities from oil and copper to cotton and wheat remain far more expensive than they were a year ago. The latest swings came amid a weeklong nose dive in the silver market that accelerated Thursday with an 8% drop. As recently as Friday, silver was up 161% in a year, but it has lost a quarter of its value in four days. Silver's sudden reversal acted as a spark, igniting the concerns of investors that commodity prices had raced too far too fast, and had become detached from the fundamental forces of supply and demand. The latest U.S. data shows gasoline appetite basically unchanged in February from a year earlier-a sign that expensive oil and gasoline were already eroding household budgets. 'The big question always was on the demand side,
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air max 90, an energy newsletter. Investors have already digested the impact on oil supplies from recent Middle East unrest, he added. Farmers around the world are churning out more sugar and cotton, easing concerns about shortages that had pushed prices up dramatically last year. Cotton fell 4.5% and sugar fell 2.3% on Thursday, and are now down 23% and 41%,
nike air max trainer essential women's, respectively, from their 2011 peaks. With those declines already in motion, silver's drop fed into wider worry about whether the commodity rally might falter. But many observers still believe that the theory behind the rally that began last year-that fast-growing developing countries want to buy more often-scarce natural resources-will regain primacy soon. Trend-following funds that use computer programs to trade rapidly can sometimes sell into market declines. 'We believe they are the ones driving this selloff,' said Mark Enman, head of global trading in hedge fund research at Man Investments. But, he added, commodity investors who track supply and demand are likely 'buying the dip.' The dollar's sudden strength also may not last long. The drop in commodity prices hurt currencies from countries like Australia and Canada that are big raw-material producers. And some investors may have been looking to raise cash through profitable currency trades after suffering losses in the commodities, traders said. Matthew Alexy, New York foreign exchange head for TD Securities, noted that before Thursday's selloff, the euro had risen more than 16% against the dollar from its January lows. 'When you've got some big positions in the market, and the market has been trending, there are profits out there that people want to take and defend,' he said. The longer-term trends in both commodities and currencies might also depend on monetary policy. Since the Fed signaled last August that it was embarking on a second round of so-called quantitative easing, known as QE2,
Nike Air Max Shop, many commodity markets have rallied, which some observers attribute partly to a flood of cheap money from investors. The recent selloff, by contrast,
2010 Air Max, comes after the Fed last Wednesday said that it will stop its current bond-buying program in June, but signaled that it won't move quickly to increase rates. That has prompted some to question how investors will react in months to come. 'If commodities are already showing vulnerability even after the Fed confirmed its super-dovish stance,' analysts at Gave-Kal said in a research note, 'then what happens when QE2 ends?' 相关的主题文章：
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