Wheat prices to stay high amid dry weather

Note: This section contains information in English only.
Source: Commodityonline
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%.


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Tue, 22 May 2012 13:53:42 GMT

UK inflation decreased more than expected

UK's inflation in April was lower than expected and reached 3% on yearly basis. It dropped 50 basis points since march and it was the first time in more than 2 years when yearly inflation was withing government target. Core inflation which does not take in to account more volatile food, alcohol, tobacco and energy prices slowed down by 40 basis points since March

Tue, 22 May 2012 09:03:42 GMT

Asian stocks climb higher on dip buying

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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