Asian stocks climb higher on dip buying

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Source: Forexpros
Asian stocks rose on Tuesday amid increased bargain buying due to lower prices. Moreover, hopes that the EU leaders will help to resolve Greek crisis coupled with possible depreciation of the Yen provided stimulus for stock prices. Hong Kong's Hang Seng Index increased by 1.01% while Australia's S&P/ASX200 gained 0.68%. Meanwhile Japan's Nikkei 225 Index rose by 0.97%.


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Tue, 22 May 2012 09:13:49 GMT

Wheat prices to stay high amid dry weather

Wheat prices in Chicago Board of Trade are expected to stay high because of adverse weather conditions in the major grain-growing regions such as Russia, the US and Australia. Abnormally high temperatures and drought may harm crops. Currently, wheat futures for delivery in July trade at 6.9325 US Dollars per bushel, inching down by 0.4%.

Tue, 22 May 2012 08:52:41 GMT

Commerzbank: gold is likely to jump again

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