Sunday, December 12, 2010

Quick Overview

  • GE raised its quarterly dividend to 14 cents a share from 12 cents a share, the second increase this year.

  • China's inflation surged to a two year high last month despite government control efforts, prompting fears that U.S. consumers will soon face paying more for Chinese made products.

  • (Spiegel) It is a triumph for Mexico and a step forward in the fight against global warming: the Cancun climate conference reached a compromise in a dramatic conclusion to negotiations on Saturday. The deal preserves the UN's leadership in climate talks. But the compromises reached were modest

  • The United States recorded a larger-than-expected $150 billion budget gap last month.

  • The USDA raised projected Corn ending stocks by 5 million to 832 million bushels.
  • The USDA has Soybean ending stocks to just 165 million bushels. That represents a 18-day supply.
  • The USDA estimates wheat ending stocks to 858 million bushels.

  • OPEC ministers announced Saturday the oil output would remain unchanged, while Saudi Arabia said it favors a price between 70 to 80 dollars per barrel.

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