LONDON Jan 17 – - Raw sugar and arabica coffee futures on ICE were slightly higher in early trade on Tuesday, boosted by a weaker dollar and increased risk appetite following better-than-expected Chinese economic growth data. Cocoa futures on ICE also edged up although concerns about the outlook for demand following last week’s weaker-than-expected fourth-quarter European grind helped to cap gains.
Tuesday, January 17, 2012
The Starbucks trade edges up
Gold Lending Up
Central banks increased the amount of gold they lent for the first time in a decade in 2011, as they used their bullion reserves to help commercial banks raise US dollars.
Risk appetite for currencies
The dollar slid against Asian and commodity currencies as well as the euro on Tuesday after stronger than expected growth in China sparked an improvement in risk appetite across the currency markets.
China Growth Stokes Copper
Jan. 17 (Bloomberg) -- The Standard & Poor’s GSCI gauge of 24 commodities climbed 1 percent at 658.29 at 4:57 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials was up 1.3 percent at 1,562.432.
New counter-trend equity strategy futures fund launched
361 Capital Launches Managed Futures Index with Counter-Trend Equity Strategy - MarketWatch
DENVER, Jan 17, 2012 (BUSINESS WIRE) -- 361 Capital, a provider of alternative investment portfolios to major institutions, financial intermediaries, and high-net-worth investors, today announced the launch of the 361 Capital Systematic Index (bloomberg:361SI), a rules-based quantitative method that systematically generates technical indicators against price and volume trends on equity indexes.
Commodities Rally on Potential for China Easing
Commodities Rally on Speculation China May Ease Monetary Policy - Businessweek
Jan. 17 (Bloomberg) -- Commodities rose the most in two weeks amid speculation that China may ease monetary policy, boosting prospects for raw-material demand, after its economy expanded at the slowest pace in more than two years.
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