Jan. 16 (Bloomberg) -- Natural gas fell for a sixth day in New York on speculation that milder-than-average weather in the U.S. will curb heating demand.
Monday, January 16, 2012
Natural Gas Futures Slide; Can You Feel My Pain?
Strong Correlations With Currency Markets
LONDON—Foreign exchange is finding new fans among hedge funds and global macro-focused asset managers, as tighter correlations between currencies and other assets prompt investors to use it as a proxy for other markets. With a persistent state of crisis in the euro zone over the past year, key asset classes are now moving in lock step, leaving the correlation between the euro's exchange rate against the dollar and U.S. equity returns near historic highs. Oil prices and the euro are also unusually closely linked, while the Australian dollar's tie-in with global stocks is rock-solid.
Wrong at the wrong time
Jan. 16 (Bloomberg) -- Speculators increased wagers on rising commodities to the highest level since November just as prices headed for the biggest three-day slide in almost a month.
Stock Index Futures Lower On French Auction
Jan. 16 (Bloomberg) -- European stock futures retreated as France prepared to hold a bond auction after Standard & Poor’s stripped the country of its top credit rating and downgraded eight other euro-area nations. U.S. index futures and Asian shares also fell.
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