Soybeans near seven-week high

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Source: Forexpros

Soybean futures eased down but traded close to seven-week high as market eyed unfavorable weather forecast for South America. Soybeans futures for delivery in March traded at USD12.0375 a bushel at the early European trade, on the Chicago Mercantile Exchange, edging down 0.3%.

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Thu, 29 Dec 2011 14:55:56 GMT

Hungary sees increase in 10-year bonds' interest rates to 9.7%

Hungary sold 15bn forints on the debt auction as compared to government's target of 18bn forints. The country already negotiates refinancing package with the IMF and EC. However, the talks were prolonged due to fears over lack of independence of Hungary's central bank. The interest rate on the country's 10-year bonds surged from 8.78% to 9.7%.

Thu, 29 Dec 2011 15:02:56 GMT

Nikkei 225 slightly down by 0.3%

On Thursday Japan's Nikkei Stock Average fell 0.29% or 24.73 points and closed at 8,398.89 as export dependent companies tumbled on European anxiety. Japan's technology exporters were the main losers in Tokyo, affected by the drop in the European common currency against the Japanese Yen. Sharp Corp. declined 3.2%, Casio Computer Co. traded down 2.7% while Advantest Corp. decreased 1.1%. Equities of Elpida Memory Inc. lost

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