Wheat futures are higher

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Source: Forexpros

Wheat futures increased after five0day decrease amid lower commodity export-earnings in Australia. On the Chicago Mercantile Exchange, wheat futures for delivery in March traded at USD5.9912 a bushel at the early European trade, edging up 0.69% since opening.

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Tue, 13 Dec 2011 13:09:35 GMT

China's import of yellow metal from Hong Kong increased

China's import of gold from Hong Kong reached 85.7 tons in October compared to 57 tons in the preceding month, reported Hong Kong Census and Statistics Department. Hong Kong remains the largest source of gold for China's mainland. China's gold demand is expected to stay strong fueled by constantly growing gold prices. The average import of gold is likely to grow by 10%

Tue, 13 Dec 2011 17:38:16 GMT

Spain sells bonds worth €4.94 billion

On Tuesday Spanish central bank sold €4.94 bn ($6.51 bn) of 12 and 18-month notes, more than the Treasury had intended to attract. Central bank sold €3.44 bn 12 month notes at an average yield of 4.05%, compared to 5.02% in November. 18-month bonds created average borrowing cost at 4.2%, or 1 percentage point less than in November.

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