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Saturday, June 30, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Morsi presidency spells 'new dawn' in Jordan-Islamist relations
As Mohamed Morsi was sworn in as the first democratically elected Egyptian president on Saturday, the proceedings ...

High prices result in soaring oil reserves
For all that Malthusians worry about oil running out, and analysts cite the rising costs of exploration and ...

Saudi- SFD to finance nonoil exports to Turkey
The Saudi Fund for Development has agreed to provide credit facilities worth $210 million to ...

UAE- Dh12b terminal set for takeoff
With the new Dh12 billion Emirates airline terminal set to open in January, His Highness Shaikh Mohammed bin ...

UAE- Islamic finance industry is fastest growing sector
Islamic finance industry will continue to grow much faster than conventional banking in the Middle East and also ...

Bahrain- Merger of 3 Islamic lenders gets approval
Shareholders of Bahrain's Capivest, Elaf Bank and Capital Management House approved a merger of the three Islamic ...

Saudi sets SR 20 billion water projects
The Saudi government has undertaken SR 20 billion worth of water projects as part of its ambitious plan to ensure a ...

Saudi- Company sacks pregnant workers
A private company in Riyadh sacked five Saudi women after they got pregnant. The reasons given in the dismissal ...

Madinah airport expansion deals signed
Prince Fahd bin Abdullah, president of General Authority of Civil Aviation , yesterday signed key documents for ...

Europe steps forward; but will populace follow?
Markets applauded Europe's steps to move toward a closer union - but it's not clear European voters are going to play ...

Saudi Tadawul rallies on European deal
After global stocks rallied on the last day of the week on Friday, the Saudi stock market jumped nearly two percent ...

Saudi- 11,666 housing loans worth SR 5.83 billion cleared
The Real Estate Development Fund has approved 11,666 housing loans worth SR 5.83 billion to construct 14,000 ...

Transport: UAE pips US
The UAE has been ranked first regionally and 11th globally in terms of the availability and quality of transport ...

Jordan- XPress Telecom lawsuit to proceed
The government will proceed with a lawsuit against XPress Telecommunications until its outstanding debts are paid, ...

Abu Dhabi hotel guests climb 12%
The number of guests at Abu Dhabi hotels, hotel apartments and resorts grew 12 per cent to 192,374 in May, ...

It's all made in the UAE
ROSSO VIVO, a two-month-old artisanal pizzeria in Dubai, has the city's Italian community talking. A tough crowd ...

Jordan 'tightening borders' amid Syria spillover fears
Jordan has tightened entry restrictions along its northern borders, security officials say, amid concerns that the ...

Kuwait- 'Tribal, sectarian links tied to lack of real democracy'
The people of Kuwait have favored tribal, sectarian or political links due to the absence of a real democracy in the ...

Jordan- Wife, 'lover' arrested in murder of Pakistani national
Authorities on Saturday said a man and a woman had been charged with premeditated murder in connection with the ...

Geneva deal paves way for post-Assad Syria
GENEVA/BEIRUT: World powers agreed a Syria transition plan yesterday with a unity government to include members of the ...

Saudi- Brace yourself for 50 C in Ramadan
The Presidency of Meteorology and Environment has predicted that temperature during Ramadan in Makkah, Madinah ...

All roads lead to Kiev
SUNDAY EVENING'S showpiece final sees the culmination of 19 Euro 2012 nights as 16 international sides have been ...

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The Weekend Book Review on ShareCrazy is of The Dividend Investor

The Dividend Investor

By Rodney Hobson

A book review by Aaron Padgham of t1ps.com

The Dividend Investor costs just £15.29 in the Square Mile Bookstore and can be bought by clicking here.

An equity investment usually offers two types of return, capital gain from the upward movement of a share price and income gain from a profit share, the dividend. The latter can be a valuable income stream for anymore, particularly in the current climate which has been characterised by record low interest rates. Rodney Hobson's 'The Dividend Investor' is the ultimate guide to maximising income through equity investments, guiding those who have grasped the basics of investing but are unsure on how to build a portfolio that produces a rising income stream.

Robson, a financial journalist who has previously been editor of Shares magazine, and websites Citywire and Hemscott, not to mention author of 'How to Build a Share Portfolio' and 'Small Companies; Big Profit', introduces readers to the idea of the income play by providing a startling statistic. If you had invested £1,000 into the Barclays Equity Gilts Study in 1945 it would have been worth £57,210 by the end of 2009, but if you had reinvested the dividends from the fund your pot would now be worth a massive £924,600.

After covering the basics of the different types of dividend, how often they are paid and how to get access to historic data, Robson moves onto the crucial part, dividend analysis. As he explains, created a sound income from a portfolio of shares is all about selecting the right companies. This can be done from analysis company accounts, looking at cash flow and dividend coverage. This is built upon by how to identify sectors which have historically offered attractive yields, the advantages of income funds and when to admit its time to sell and move your funds elsewhere. To conclude, this book offers everything that an investor could possibly need to know about the dividend side to an investment, and thus if you're looking to alter your investment strategy or at least tweak it to provide a regular income stream, then this book is ideal.

The Dividend Investor costs just £15.29 in the Square Mile Bookstore and can be bought by clicking here.

Visit www.SquareMileBookstore.com for the ultimate range of investment, trading and business books, personally selected by investment experts, with exclusive free reviews from some of the UK's foremost investment writers.



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The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FSA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Financial spread betting is a high risk investment, losses from which are potentially unlimited. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). UK-Analyst.com defines a smaller company share as any stock traded on AIM or PLUS or which has a market capitalisation of less than GBP300 million.

Saturday's Newsletter from ShareCrazy stars Malcolm Stacey, James Faulkner and Tom Winnifrith

Read the Tip of the Day, Malcolm Stacey, the Book of the Week, and the 101 ways to save money
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Saturday 29 June 2012

THAT WAS THE WEEK THAT WAS


Shares and the Simple Poet


By Malcolm Stacy

Hello Share Fans,

I've been re-reading my Longfellow. You know, the poet of Under the Spreading Chestnut Tree fame.

Now some lofty modern experts have demoted him to a minor poet. One reason is that they have scanned his poems for hidden meanings and can't find any. So with him, then, you get what it says on the tin.

Now these literary boffins remind me of some City experts. They see the Footsie go up or down. This is caused by more sellers than buyers or the other way round. There are reasons for this that are pretty obvious. New unemployment figures, fresh data on inflation, housing sales and so on.


Click here to view the rest of the article



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TIP OF THE DAY

Reach for the Clouds

by James Faulkner of WatsHot.com

Cloud computing is about pooling resources to realize the true potential of the internet. Only in recent times has technology advanced to the stage where companies can experience a complete end-to-end IT service over the internet, with applications and infrastructure specialists coming together to make information technology more akin to a utility. The potential benefits for businesses in terms of quality of service and cost savings are huge as there is no requirement for infrastructure spending on the part of the user, thus negating the need for any large up-front outlay.

Click here to read the read of the article



101 WAYS TO SAVE MONEY


By Tom Winnifrith

Every week, ShareCrazy will excerpt a part of Tom Winnfrith's book 101 ways to save money in a recession.

Number 33: Save money on herbs

Okay, this is small fry but buy fresh herbs rather than the packaged supermarket variety. Better still, these plants can be grown from seed in pots on your window sill, so anyone can grow them wherever they live in a tower block in Hackney or Osama’s cave in Bora Bora. You do not need green fingers. Even I can manage it. Should you insist on buying fresh herbs rather than growing your own, you can keep them fresh for several weeks by wrapping them in damp (but not wet) kitchen towels and putting them in the fridge.

Buy the book now for just GBP6.99 +postage CLICK HERE

BOOK OF THE WEEK

The Dividend Investor

By Rodney Hobson

A book review by Aaron Padgham of t1ps.com

An equity investment usually offers two types of return, capital gain from the upward movement of a share price and income gain from a profit share, the dividend. The latter can be a valuable income stream for anymore, particularly in the current climate which has been characterised by record low interest rates. Rodney Hobson’s ‘The Dividend Investor’ is the ultimate guide to maximising income through equity investments, guiding those who have grasped the basics of investing but are unsure on how to build a portfolio that produces a rising income stream.

Click here to view the rest of the article



Regards,


ShareCrazy

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Commodity Blog

Commodity Blog


Commodities Soar on Positive Result of EU Summit

Posted: 29 Jun 2012 03:36 PM PDT

Commodities rallied today, demonstrating the biggest jump in several months, as the European summit has brought some positive results. Leaders of European nations made several important steps like easing loan terms for Spanish banks and giving direct access for banks to the bailout fund (and reducing debt burden on governments as a result). The outcome of the summit gave hope that the eurozone may yet emerge from the crisis and that optimism drove commodities to the upside.

Traders were very skeptical about the meeting and the positive result of the summit was a total surprise, leading to euphoria on markets. The Standard & Poor's GSCI Spot Index of 24 commodities jumped as much as 5.6 percent, showing the biggest advance since April 2, 2009. The Dow Jones Industrial Average added 2.2 percent and the S&P 500 Index gained 2.5 percent.

Brent crude jumped from $92.06 to close at $97.57 per barrel today on ICE. Gold surged from $1,562.60 to $1,593.80 per ounce on COMEX. Copper climbed from $3.3370 to the closing price of $3.4920 per pound.
(...)
Read the rest of Commodities Soar on Positive Result of EU Summit (12 words)

Posted on Commodity blog.

Commodity Prices — June 29th 2012

Posted: 29 Jun 2012 01:36 PM PDT

Latest commodity prices (ICE, NYMEX, CME) as of 20:35 GMT:

Oil (Brent) — $97.61 per barrel.
Gold — $1,593.80 per troy ounce.
Silver — $27.48 per troy ounce.
Palladium — $564.60 per troy ounce.
Platinum — $1,446.40 per troy ounce.
Copper — $349.20 per 100 pounds.
Cocoa — $2,298.00 per metric ton.
Sugar — $21.81 per 100 pounds.
Corn — $671.50 per 100 bushels.
Soybean — $1,513.50 per 100 bushels.

Posted on Commodity blog.

Friday, June 29, 2012

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

EU Deal Boosts Euro
The euro surged over 1 percent and shares in Europe and Asia jumped on Friday after euro zone leaders agreed ...

Oman's Government Revenues UP 39.6 pc
The Sultanate of Oman's government revenues rose by at the end of April 2012 to million ...

S. Korea's trade forecast to slow down this year: report
South Korea's export and import growth are expected to slow down this year in the midst of global economic ...

Profits of China's Major Companies Slide 5.3% in May
Profits of major companies in China hit 390.9 billion yuan in May, down 5.3 ...

GCC growth remains robust; break-even at oil price of $80
The GCC countries' growth remains robust at 4.3 per cent on the back of 'accommodative' fiscal policies and ...

UAE- Emal unveils new product for automotive industry
Emirates Aluminium, or Emal, has launched foundry aluminium, a new value-added product that is mainly used in the ...

6,000 jobs at Bahrain's BIIP by 2014
Bahrain International Investment Park , unveiled plans to create up to 6000 job opportunities by 2014, Trade Arabia ...

Saudi Alnahdi plans to hire 500 locals
Saudi-based pharmacy Alnahdi Medical Company unveiled plans to hire 500 new employees targeting Saudi nationals, Arabian Business ...

Saudi Tadawul declines 3.69% in a week
.The Tadawul All-Share Index , which continued stepping downward throughout the week, ended in the red territory ...

World Bank Lending Morocco USD 300 million
A World Bank loan package approved today targets poor rural and urban Moroccan communities for improved ...

Japan, US Sign Deal on First Four F-35 Fighters
Japan has signed a deal with the US government to buy 4 F-35 fighter jets for more than 10.2 billion yen, or ...

Russia, Egypt Work Jointly to Safeguard Russian Tourists
The Russian Federal Tourism Agency have been jointly working with Egypt to ensure the safety of ...

Kuwait- Five fight over girl in public
Five Kuwaiti citizens were arrested for their involvement in a quarrel at a beach in Salmiya. During the quarrel, the ...

UAE- Death penalty for killing estranged fiancée upheld
The Al Ain Court of Appeal last week upheld the death penalty awarded to a 26-year-old Arab man for the ...

Kuwait- Pakistani steals petrol from petrol station
Police have arrested a Pakistani man for 'stealing' petrol from a petrol station in Shuwaikh, reports Al-Rai ...

UAE- Woman on trial 'for forging passport'
A Filipina woman allegedly got a false birth certificate made for a child she conceived out of wedlock, by ...

UAE- Clerk jailed, fined for possessing drugs
A 28-year-old clerk was sentenced to 10-year imprisonment on Sunday for possession of 3.38 grams of ...

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Weekly Roundup: MarketWatch top 10 stories June 25 - 29

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MarketWatch
Weekly Roundup
JUNE 29, 2012

MarketWatch top 10 stories June 25 - 29

By MarketWatch

Weekly Roundup
powered by ad choices


NEW YORK (MarketWatch) — U.S. stocks closed another volatile week on Friday, notching some of their best point gains of 2012 just a week after closing out with some of the biggest losses of the year.

The Dow Jones Industrial Average (DJIA)  ended the week with a 1.9% gain, while the S&P 500 Index (SPX)  rose 2% over the past five sessions.

The Nasdaq (COMP)  closed out the week with a 1.5% advance.

Europe's economic crisis and the region's political and economic ideas to solve it dominated the news again this week. Reports that the group is closer now than before to taking some unified action to relieve pressure on so-called peripheral states drove the market on Friday. Read Market Snapshot on MarketWatch

Auto parts retailer O'Reilly Automotive Inc. (ORLY)  was the week's biggest loser, shedding 14% over the past five sessions.

Earlier this week the company warned its second-quarter sales and profit would not meet earlier forecasts. That news spread throughout the sector and also hit Pep Boys (PBY)  and AutoZone Inc. (AZO)  shares.

Constellation Brands (STZ) , a wine and beer firm, was far and away the S&P 500's biggest gainer this week.

The shares rose 41% this week, including a 26% jump on Friday after the firm posted fiscal first-quarter results.

Friday's advance lifted most assets with commodities getting a big boost from a sinking dollar and on hopes any improvement might lift demand.

Also please be sure to watch our Week Ahead videos:

 U.S. Week Ahead: ECB, U.S. jobs data

 Europe's Week Ahead: ECB Rate Decision

Greg Morcroft, assistant managing editor

Supreme Court upholds health-care overhaul

The sweeping health-care overhaul considered to be President Barack Obama's signature legislative achievement was upheld Thursday by the Supreme Court, handing a critical victory to Obama as he makes a bid for re-election. Read more about the Supreme Court's landmark ruling, on MarketWatch

Housing inventory plunges in some places

In the Seattle area, it's not unusual for there to be multiple offers on homes in the most popular neighborhoods.In Washington, D.C., some prospective buyers aren't finding a home they want on the market so they're online daily, hoping a new listing for a property with their requirements will appear.Even hard-hit areas like Phoenix and Sacramento have seen substantial decreases in for-sale inventory.Read Amy Hoak's Home economics column, on MarketWatch

Obama's four biggest failures

Conservatives like to complain that Barack Obama is the most liberal president we've ever had, a closet Marxist who's determined to turn America into a socialist hell. Actual liberals, socialists and closet Marxists have a different view: Obama is pragmatic moderate who resembles Dwight Eisenhower more than he does Che Guevara. Liberals were early and enthusiastic supporters of Obama in 2008. They liked his anti-war stance, and they were moved by the vision of a less-partisan and more enlightened future they thought they heard in his rhetoric. Read MarketWatch's Rex Nutting on Obama's disappointments

Five cities where renting is a better deal than buying

In theory, plummeting home prices and record-low interest rates should make buying a home cheaper than renting one. But experts say in some parts of the country, it still pays to be a tenant. Despite the incentives to buy now, including record-low interest rates and depressed prices, sales of single-family existing homes slipped 1.5% in May from a month earlier, according to data from the National Association of Realtors. In these five markets renting is a better deal than buying

Downsized Wall Street licks its wounds

When it comes to careers, Wall Street has gone from a shining temple of opportunity to a bunker. Behind the transformation lie years of risk-bundling, synthetic investment vehicles and other byzantine, unsustainable profit schemes. When they ultimately blew up, they threw the economy into recession and, like a financial Frankenstein, destroyed many of their own creators' livelihoods.Between January 2008 and January 2010, the finance sector in New York lost 46,500 jobs, the bulk of them in the securities industry. Read MarketWatch special report on Life After Wall Street

10 things Amazon won't tell you

Below are the 10 things shoppers should not expect to hear from retail giant Amazon.com. Read MarketWatch Commentary on Amazon

7 equations to build a secure retirement

The Judeo-Christian world has its 10 commandments. Newton has his three laws of motion. And now retirement has its seven equations.Actually, the world of retirement has had these equations for a while, in some cases for hundreds of years. But Moshe Milevsky, a York University professor, has put all these equations into one readable and, truth be told, highly accessible book, "The 7 Most Important Equations for Your Retirement." Read about securing your retirement, on MarketWatch

Ann Curry saga: A confederacy of dunces

Ann Curry, the co-host of NBC's "Today" show who gives new meaning the word "embattled," has left the morning show with her dignity intact.She may be the only one involved in this dreadful media circus who can make that claim. On Thursday morning, we learned that Curry will leave "Today" on a day-to-day basis as co-host but remain with the network as a national and international correspondent. First, she'll probably embark on a well-deserved vacation. Read Jon Friedman commentary on departure of Today Show hostess

Google unveils Nexus 7 tablet at $199

Google Inc. on Wednesday took the wraps off its own tablet called the Nexus 7, in an anticipated move that points to growing competition particularly with Apple Inc. Google (GOOG) said the Nexus 7 will be manufactured by hardware partner Asus and will use Nvidia Corp.'s (NVDA) Tegra mobile processor.In the latest flare-up of the pricing war in the fast-growing tablet market, Google said Nexus 7 will be available for $199, comparable to Amazon.com Inc.'s (AMZN) Kindle Fire, but for less than Apple's (AAPL)  iPad, which starts at around $500. Read MarketWatch's coverage of Google's new tablet

Placing your bets for 2012's second half

Hoping for a better second half of 2012? That's certainly understandable. With the first half of 2012 concluded, the Dow Jones Industrial Average has turned in an anemic year-to-date return that's well below the stock market's long-term average of around 10% annually. But, I surely don't need to remind you, hope is not a strategy. Mark Hulbert tells MarketWatch readers about second-half strategy

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FinNews for the week ending June 29, 2012

FinNews for the week ending June 29, 2012

Top Stories

After an overnight summit meeting ending on Friday, the European Union's adopted three concrete growth stimulus measures: EU bailout funds will be funneled directly to suffering euro-zone banks, $149 billion will be deployed as growth stimulus from existing reserves, and will ease austerity measures for funding. (1)

Congress passed new legislation on Friday that looks to inject $100 billion into highway and transit programs, ultimately salvaging 2.8 million jobs. The bill also halted the doubling of student loan interest rates. (2)


Economic Releases & Statistics

The U.S. first quarter GDP rose 1.9 percent at an annual rate, on par with forecasts. Consumer spending grew 2.5 percent, lower than the 2.7 percent originally reported. Business inventories increased $54.4 billion, down from an earlier $57.7 billion. Exports grew 4.2 percent, down from an earlier 7.2 percent. (3)

May new home sales grew 7.6 percent to a seasonally adjusted 369,000, the highest level in over two years. Sales have rebounded 35 percent since 2011's low numbers. (4) Pending home sales also rose to a two-year high, growing 5.9 percent to 101.1. (5) U.S. durable goods orders rose 1.1 percent in May to a seasonally adjusted $217.15 billion, surpassing estimates for a 0.4 percent increase. U.S. payrolls grew 69,000, the lowest growth yet this year. (6) Unemployment applications fell to a seasonally adjusted 386,000, down from 392,000. Employers added an average 73,000 jobs per month in April and May, far removed from the 226,000 earlier this year. (7) Personal income rose 0.2 percent, while personal spending faced no changes, with a 0.0 percent change despite small technical outlays. (8)



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Stocks & Earnings

Nike's reported Q4 earnings fell 7.6 percent due to higher marketing costs. Research in Motion suffered a 17 percent loss in shares, noting that it aims to cut 5,000 jobs by the year's end. Smith & Wesson saw a 17 percent share growth. Meanwhile, Constellation Brands Inc.'s earnings dropped 3.4 percent due to rising interest expenses, though the company plans to buy half of Crown Imports LLC for $1.85 billion from Anheuser-Bush InBev. KB Home saw a 10 percent shares rise. Fushi Copperweld Inc. saw a 12 percent rise. (9)


Global Currencies

The EU summit announced that "banks can be recapitalized directly by bailout funds." Due to the Philippine's improved economy, the peso rose 3.2 percent since May. The yuan grew 0.16 percent since the end of June, while the Malaysian ringgit rose 0.4 percent. Indonesia's rupiah and Thailand's baht both fell 0.1 percent respectively. (10) The rupee has fallen "more than 20% against the dollar since August", prompting a rise in India's gold prices. (11)


Oil & Energies

Crude inventories dropped 133,000 barrels, versus forecasts for a 1 million barrel decline. Gasoline storage rose 1.8 percent, 2.08 million barrels a day to 8.85 million, shooting past estimates of a 300,000 barrel rise. Distillates fell 2.28 million barrels, countering forecasts for a 1 million barrel rise. (12) Natural gas supplies rose 57 billion cubic feet to 3.06 trillion cubic feet last week, exceeding forecasts for a 51 to 55 bcf rise. (13)

Due to falling oil prices, speculators may be storing oil in supertankers off of several European countries. (14) The European Union's crude oil embargo against Iran has aided in its oil export decline over the last six months. Iran currently exports 1.5 million barrels of oil  per day, a 40 percent drop in exports. (15)


Grains & Field Crops

Friday's Grain Stocks reported corn acres at 96.4 million, the highest since 1937, above forecasts for 95.962 million acres. Soybeans acreage is at an estimated 76.1 million. (16) Dry soil and moisture stress hit crops hard across the Corn Belt. Corn fell in this week's Crop Progress report, with corn rated excellent down 1 percent to 11, and good corn down seven points to 45 percent, versus forecasts for a 2 to 3 percent rating drop. The poor to very poor crop rose 5 percent to 14. Soybeans in excellent condition fell 1 percent to 8, and good fell 3 percent to 48. (17) (18)



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Precious Metals

Due to the rupee's fall against the dollar, Indian gold prices have risen. Indian gold demand could further rise if normal monsoon rains pass over the country, helping to stabilize prices. (11) In an attempt to weather the European debt crisis, buyers may prompt Chinese gold-investment may gain more than 10 percent this year. (19)


Other Commodities

Coffee prices this year have fallen 28 percent on speculation that Brazil's inventories will rise. (20) Brazil coffee may be bolstered by recent heavy rains, which damaged their harvest crop and lessened demand following higher prices. (21) Colombia's top coffee region is expected to recover slowly over the next four years, as the nation's output rises to 8 million bags this year. (20)

As Ivory Coast is set to face heavy rain next week, fear of the spread of crop disease prompted a growth in prices for cocoa, sugar, and coffee. (22) Despite attempts to dissolve the heavy use of child labor on cocoa farms in Ivory Coast, recovery from the area's civil war has slowed efforts. Roughly 600,000 children work on farms there. (23) The Ghana COCOBOD is set to supply local farmers with 20 million hybrid cocoa seedlings for free this year, in an attempt to counter the Cocoa Swollen Shoot Virus Disease. (24)



Next Week:

Date Event GMT Forecast Previous
30-Jun Sat CNY Leading Index     99.86
1-Jul Sun GBP Hometrack Housing Survey (YoY) 23:01   -0.60%
GBP Hometrack Housing Survey (MoM) 23:01 0.20%
GBP Lloyds Business Barometer 23:01 -21.00
AUD AiG Performance of Manufacturing Index 23:30 42.40
JPY Tankan Large Manufacturers Index 23:50 -4.00 -4.00
JPY Tankan Non-Manufacturing Index 23:50 7.00 5.00
JPY Tankan Non-Manufacturing Outlook 23:50 6.00 5.00
JPY Tankan Large Manufacturers Outlook 23:50 -4.00 -3.00
JPY Tankan Large All Industry Capex 23:50 3.60% 0.00%
AUD RPData-Rismark House PX Actual 00:30 -1.40%
AUD TD Securities Inflation (YoY) 00:30 1.80%
AUD TD Securities Inflation (MoM) 00:30 0.00%
CNY HSBC Manufacturing PMI 02:30 48.40
2-Jul Mon JPY BOJ Deputy Governor Yamaguchi to Attend Panel Discussion 04:30    
JPY Vehicle Sales (YoY) 05:00 66.30%
AUD RBA Commodity Price Index 06:30 99.50
AUD RBA Commodity Index SDR (YoY) 06:30 -9.90%
CHF Retail Sales (Real) (YoY) 07:15 0.10%
CHF SVME-Purchasing Managers Index 07:30 45.00 45.40
EUR Italian Purchasing Manager Index Manufacturing 07:45 44.60 44.80
EUR French Purchasing Manager Index Manufacturing 07:50 45.30 45.30
EUR German Purchasing Manager Index Manufacturing 07:55 44.70 44.70
EUR Italian Unemployment Rate s.a. 08:00 10.30% 10.20%
EUR Euro-Zone Purchasing Manager Index Manufacturing 08:00 44.80 44.80
GBP Purchasing Manager Index Manufacturing 08:30 46.50 45.90
EUR Euro-Zone Unemployment Rate 09:00 11.10% 11.00%
USD Markit US PMI Final 12:58 52.90
USD ISM Manufacturing 14:00 52.00 53.50
USD ISM Prices Paid 14:00 46.00 47.50
USD Construction Spending (MoM) 14:00 0.20% 0.30%
USD Fed's Williams Speaks in San Francisco 17:15
JPY Monetary Base (YoY) 23:50
GBP Halifax House Price (3MoY) -0.80% -0.10%
GBP Halifax Plc House Prices s.a. (MoM) -0.20% 0.50%
NZD ANZ Commodity Price 01:00 -4.20%
CNY Non-manufacturing PMI 01:00 55.20
JPY Labor Cash Earnings (YoY) 01:30 0.80%
AUD Building Approvals (MoM) 01:30 5.00% -8.70%
AUD Building Approvals (YoY) 01:30 -15.20% -24.10%
3-Jul Tue AUD Reserve Bank of Australia Rate Decision 04:30 3.50% 3.50%
GBP Purchasing Manager Index Construction 08:30 52.90 54.40
GBP Net Consumer Credit 08:30 0.2B 0.3B
GBP Net Lending Sec. on Dwellings 08:30 1.0B 1.1B
GBP Mortgage Approvals 08:30 50.0K 51.8K
GBP M4 Money Supply (MoM) 08:30 1.10%
GBP M4 Money Supply (YoY) 08:30 -3.80%
GBP M4 Ex IOFCs 3M Annualised 08:30 3.80%
EUR Euro-Zone Producer Price Index (MoM) 09:00 -0.30% 0.00%
EUR Euro-Zone Producer Price Index (YoY) 09:00 2.50% 2.60%
USD ISM New York 13:45 49.90
USD Factory Orders 14:00 0.10% -0.60%
USD Total Vehicle Sales 21:00 13.90M 13.73M
USD Domestic Vehicle Sales 21:00 10.90M 10.75M
GBP BRC Shop Price Index (YoY) 23:01 1.50%
AUD AiG Performance of Service Index 23:30 43.50
AUD Retail Sales s.a. (MoM) 01:30 0.20% -0.20%
AUD Trade Balance (Australian dollar) 01:30 -500M -203M
JPY Tokyo Avg Office Vacancies (%) 02:00 9.40
CNY HSBC Services PMI 02:30 54.70
4-Jul Wed EUR Italian Purchasing Manager Index Services 07:45 42.50 42.80
EUR French Purchasing Manager Index Services 07:50 47.30 47.30
EUR German Purchasing Manager Index Services 07:55 50.30 50.30
EUR Euro-Zone Purchasing Manager Index Composite 08:00 46.00 46.00
EUR Italian Deficit to GDP (YTD) 08:00 3.80%
EUR Euro-Zone Purchasing Manager Index Services 08:00 46.80 46.80
GBP Purchasing Manager Index Services 08:30 52.90 53.30
GBP Bank of England Housing Equity Withdrawal (Pounds) 08:30 -£8.0B -£8.5B
GBP Official Reserves (Changes) 08:30 -$1308M
EUR Euro-Zone Retail Sales (MoM) 09:00 0.00% -1.00%
EUR Euro-Zone Retail Sales (YoY) 09:00 -1.00% -2.50%
JPY Foreign Buying Japan Stocks (Yen) 23:50 ¥50.4B
JPY Japan Buying Foreign Bonds (Yen) 23:50 ¥869.7B
JPY Japan Buying Foreign Stocks (Yen) 23:50 ¥18.2B
JPY Foreign Buying Japan Bonds (Yen) 23:50 -¥313.9B
5-Jul Thu EUR German Factory Orders s.a. (MoM) 10:00 0.00% -1.90%
EUR German Factory Orders n.s.a. (YoY) 10:00 -6.00% -3.80%
GBP BOE Asset Purchase Target 11:00 375B 325B
USD MBA Mortgage Applications 11:00 -7.10%
GBP Bank of England Rate Decision 11:00 0.50% 0.50%
USD Challenger Job Cuts (YoY) 11:30 66.70%
EUR European Central Bank Rate Decision 11:45 0.75% 1.00%
USD ADP Employment Change 12:15 100K 133K
USD Continuing Claims 12:30 3305K 3296K
USD Initial Jobless Claims 12:30 385K 386K
USD ISM Non-Manufacutring Composite 14:00 53.00 53.70
AUD AiG Performance of Construction Index 23:30 34.70
USD ICSC Chain Store Sales (YoY) 1.70%
CNY Business Climate Index 127.30
CNY Entrepreneur Confidence Index 123.00
GBP New Car Registrations (YoY) 7.90%
6-Jul Fri JPY Coincident Index (MAY P) 05:00 95.70 96.90
JPY Leading Index (MAY P) 05:00 95.00 95.60
AUD Foreign Reserves (Australian dollar) 06:30 A$53.2B
CHF Foreign Currency Reserves 07:00 303.8B
CHF Consumer Price Index (YoY) 07:15 -1.00% -1.00%
CHF Consumer Price Index (MoM) 07:15 -0.20% 0.00%
CHF CPI - EU Harmonised (MoM) 07:15 -0.20%
CHF CPI - EU Harmonised (YoY) 07:15 -1.10%
GBP Producer Price Index Input n.s.a. (MoM) 08:30 -2.10% -2.50%
GBP Producer Price Index Input n.s.a. (YoY) 08:30 -2.20% 0.10%
GBP Producer Price Index Output n.s.a. (MoM) 08:30 -0.20% -0.20%
GBP Producer Price Index Output n.s.a. (YoY) 08:30 2.40% 2.80%
GBP Producer Price Index Output Core n.s.a. (MoM) 08:30 0.00% 0.00%
GBP Producer Price Index Output Core n.s.a. (YoY) 08:30 2.00% 2.10%
EUR German Industrial Production s.a. (MoM) 10:00 0.10% -2.20%
EUR German Industrial Production n.s.a. and w.d.a. (YoY) 10:00 -1.20% -0.70%
CAD Participation Rate 12:30 66.80 66.80
USD Averge Weekly Hours All Employees 12:30 34.40 34.40
USD Underemployment Rate (U6) 12:30 14.80%
USD Change in Non-farm Payrolls 12:30 90K 69K
USD Change in Private Payrolls 12:30 97K 82K
CAD Full Time Employment Change 12:30 1.40
USD Average Hourly Earnings All Employees (MoM) 12:30 0.20% 0.10%
USD Average Hourly Earnings All Employees (YoY) 12:30 1.70% 1.70%
CAD Building Permits (MoM) 12:30 -1.00% -5.20%
USD Change in Household Employment 12:30 422.00
CAD Unemployment Rate 12:30 7.30% 7.30%
CAD Net Change in Employment 12:30 5.0K 7.7K
USD Change in Manufacturing Payrolls 12:30 5K 12K
CAD Part Time Employment Change 12:30 6.30
USD Unemployment Rate 12:30 8.20% 8.20%
CAD Ivey Purchasing Managers Index s.a. 14:00 57.00 60.50



1. http://world.time.com/2012/06/29/e-u-summit-up-all-night-but-consensus-finally-reached/

2. http://www.cbsnews.com/8301-250_162-57463926/congress-passes-student-loans-highway-jobs-bill/

3. http://in.reuters.com/article/2012/06/28/usa-economy-gdp-idINL2E8HRBV820120628

4. http://www.latimes.com/business/realestate/la-fi-new-home-sales-20120626,0,3545915.story

5. http://articles.marketwatch.com/2012-06-27/economy/32432420_1_level-of-contract-activity-home-sales-existing-home

6. http://www.nasdaq.com/article/us-durable-goods-orders-rise-11-20120627-00506

7. http://articles.boston.com/2012-06-28/news/32459564_1_applications-rise-unemployment-benefits-unemployment-rate

8. http://www.fxstreet.com/fundamental/economic-indicators/uspersonal-income-picks-up-as-spending-stalls/2012/06/29/#

9. http://blogs.wsj.com/marketbeat/2012/06/29/stocks-to-watch-research-in-motion-nike-smith-wesson/

10. http://www.businessweek.com/news/2012-06-29/asian-currencies-rise-this-week-on-europe-summit-u-dot-s-dot-data

11. http://online.wsj.com/article/SB10001424052702304870304577489913738390308.html

12. http://community.nasdaq.com/News/2012-06/crude-distillate-supplies-tumble-analyst-blog.aspx?storyid=152042

13. http://www.cbsnews.com/8301-505245_162-57462721/natural-gas-supplies-rise-more-than-expected/

14. http://in.reuters.com/article/2012/06/25/oil-storage-idINL6E8HP7V320120625

15. http://www.dailytimes.com.pk/default.asp?page=2012%5C06%5C27%5Cstory_27-6-2012_pg14_7

16. http://www.cattlenetwork.com/cattle-news/latest/Looking-at-the-USDA-acreage-and-grain-stocks-reports-160822855.html

17. http://www.agriculture.com/news/crops/cn-takes-dive-in-crop-progress-rept_2-ar24870

18. http://www.cattlenetwork.com/cattle-news/Corn-soybeans-moisture-stressed-in-most-Corn-Belt-states-159567825.html?ref=825

19. http://www.bloomberg.com/news/2012-06-10/gold-investment-demand-in-china-to-advance-10-icbc-forecasts.html

20. http://www.bloomberg.com/news/2012-06-28/colombia-s-top-coffee-region-to-recover-gradually-1-.html

21. http://af.reuters.com/article/commoditiesNews/idAFL6E8HS4H420120629?pageNumber=1&virtualBrandChannel=0

22. http://www.bloomberg.com/news/2012-06-26/cocoa-rises-on-speculation-ivory-coast-rains-will-cause-disease.html

23. http://www.foxnews.com/world/2012/06/29/child-labor-still-issue-on-ivory-coast-cocoa-farms/

24. http://www.ghananewsagency.org/details/Economics/Ghana-COCOBOD-to-supply-20-million-cocoa-seedlings-to-farmers/?ci=3&ai=45447




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