Sugar Prices Projected to Rise Because of El Nino
New York — After four bitter years, sugar mills can look forward to sweeter prospects in 2016. Prices have rebounded 52 percent since reaching a seven-year low in August. Raw-sugar futures traded in New York are heading for a 6 percent gain for the year, their first annual advance since 2010. The market has finally swung to a supply deficit after years of surpluses. And the commodity will keep rising through the first quarter of next...
Forecasts: Dollar to Gain Against Most Peers in 2016
Sydney — The dollar will strengthen against all its Group-of-10 peers except the pound and Canadian currency in the first quarter, while New Zealand’s kiwi will be the worst performer, according to analyst forecasts. The greenback has advanced against eight of its G-10 counterparts since the end of September as the Federal Reserve raised interest rates and futures signal 55 percent odds another increase will take place by April. The...
Tech Jobs Flourishing Outside Silicon Valley
Technology has started to catch up to banking and consulting as one of the top industries for business school graduates, and it’s not just Silicon Valley schools producing tech-hungry MBAs. A handful of B-schools in unlikely regions graduated more of their students into technology jobs in 2014 than any other industry, according to data the schools provided to Bloomberg for its 2015 business school rankings. A few schools in Utah,...
Gold Drops to 1-Month Low
Gold fell to a one-month low and trading volume declined as investors held off on making big moves before Federal Reserve policymakers meet this week. Gold is headed for a third straight annual loss as steady growth for U.S. jobs and the economy strengthened the dollar and bolstered the case for the Fed to raise interest rates for the first time since 2006. Futures trading was about 22 percent below the 100-day average on Friday, data...
Tune In Tonight For Latest Read On China’s Yuan
New York — With the August U.S. jobs report out of the way, it’s time to look ahead to the next big data point in global financial markets. Currency and Treasuries traders will get a fresh read as soon as tonight on the extent of capital outflow and yuan selling that China has been grappling with. The People’s Bank of China, which owns almost one-third of the world’s reserves, will probably report in the coming week that its war chest...
