Fortescue in Talks to Order Four More Ore Ships to Reduce Costs

Currency Key Headlines

1) India’s rupee fell for a second day amid speculation importers were buying dollars to pay bills.

2) U.S. stocks rose as Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal.

3) Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market.

Commodity Key Headlines

1) Eni’s ‘Italian Thatcher’ May Face Down Unions to Shut Refineries.

2) Corn Option Betting on 23% Gain Was Most-Traded Yesterday.

3) Fortescue in Talks to Order Four More Ore Ships to Reduce Costs.

4) California Drought Cuts Water for Farming to Record Lows.

5) Zinc Rises on Falling Stockpiles, China’s Economic Data.

6) Gold Trades below $1,300 as U.S. Dollar Strength Hurts Demand.

7) Oil Trade Dormant Since ’10 Revives as Brent Spreads Grow.

8) WTI Oil Falls Below $100 a Barrel as Supply Risks Abate.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

Crude oil fell about $1

1) Crude oil fell about $1 on Wednesday on encouraging signs for supply from Libya and Iraq, notching the lowest close in almost three weeks despite a big draw in U.S. oil inventories.

2) U.S. Treasuries yields rose on Wednesday after more robust than expected private-sector jobs data ratcheted up expectations for a stronger U.S. nonfarm payrolls report on Thursday.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

 

Currency Headlines

1) India’s rupee retreated from a three-week high on speculation the central bank sought to curb gains and importers boosted dollar purchases.

2) Federal Reserve Chair Janet Yellen said concerns about financial stability shouldn’t prompt a change in current monetary policy while flagging “pockets of increased risk-taking” in the financial system.

3) Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf