Tag Archive
Iron Ore Ships As Steel Shapes Up – US-FOREX.US
Concerns about speculative buying continues to temper optimism regarding strengthening base metal prices as the market seeks to differentiate real metal demand from stockpiling and other conjectural buying. According to a recent report, one sector boasting solid demand is steel.Metal demand from China during the first half of the year bolstered steel demand, likely accounting… »
Fluors Military Hopes – US-FOREX.US
Fluor will demonstrate Monday whether its government contracts have been paying off during the downturn.Over the past year, U.S. military contracts have been offered to Fluor , DynCorp International and KBR , which recently said it’s expecting new contract awards for Iraq later this year or in early-2010.Wall Street is expecting the company to report… »
Caterpillar Feeling Rusty – US-FOREX.US
As a machinery supplier to the construction, mining and forestry industries, Caterpillar garners interest when it reports earnings. This quarter is no exception even though analysts largely agree that the construction industry remains in the pits. Still, with hefty exposure to emerging economies, there’s slight hope that Caterpillar’s report will show some sign that recovery… »
Housing Fits And Starts – US-FOREX.US
Housing data this week were encouraging, with home building figures and industry sentiment measurements exceeding expectations, and some forecasters are straying into 2009′s heresy and calling bottoms for the national residential housing market.June housing starts unexpectedly rose to 582,000, the highest level since November of 2008, the U.S. Commerce Department reported Friday. The Street had… »
Alcoas Fate Sealed… In Aluminum – US-FOREX.US
Despite a modest rise in aluminum prices during the second quarter, demand for the metal remains weak and Alcoa reported its third-straight quarterly loss on Wednesday.Demand from China-which helped spur a rally that pushed aluminum prices up by roughly 9% during the quarter-is likely to thin as the country revs up its smelters, adding the… »
Weak Aluminum Weighs On Alcoa – US-FOREX.US
Despite the brief strengthening of aluminum in the second quarter, prices remain flimsy and demand from China is likely to thin as the country revs up its smelters, adding the additional threat of oversupply. None of these factors bode well for aluminum’s pricing power in the near term, or for aluminum producer Alcoa, which is… »