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Market Update Analysis: 
Parmalat Falls, Cadbury, SABMiller Rise
Author: 123jump.com Staff
123jump.com
Last Update: 6:20 PM EDT May 15 2008


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European nations registered 0.7% growth in the first quarter after growing at 0.5% in the fourth quarter of 2007. Sustained exports to the Middle East and Asian nations have helped companies in the region despite a sharp rise in energy prices. Reflecting a similar demand from Asian nations, Baltic Dry Index retraced its 50% loss from the peak in November of 2007 in the last three months. Ocean freight rates for commodities are now priced at a record high seen in the fourth quarter of last year.

 
In South Korea Kospi Index increased 41.96 or 2.28% to close at 1,885.71, in Thailand SET index closed higher 6.67 or 0.79% to 855.61 and Indonesia JSE Index edged increased 0.47 or 0.02% to 2,449.81. Sensex index in India increased 375.19 or 2.21% to 17,353.54.

Commodities, Metals, and Currencies

Crude oil increased 5 cents to close at $124.27 a barrel for a front month contract, natural gas decreased 21 cents to $11.39 per mBtu, and gasoline futures decreased 1.25 cents to close at 316.79 cents per gallon.

Gold increased $13.50 in New York trading to close at $880.00 per ounce, silver closed up 7 cents to $16.68 per ounce, and copper for front month delivery increased 5.75 cents to $3.738 per pound.

Wheat futures increased 7.50 cent in Chicago trading and closed at $7.71 per bushel. Sugar decreased 5 cent to $11.00 per pound. Soybean future closed down 32.00 cents to $13.47 a bushel.

Dollar edged lower and traded near record low against euro to $1.5446 and edged higher against yen to 104.75.

Yields on U.S. bonds decreased to 3.81% with 10 years of maturities and decreased to 4.55% with 30-year of maturities.
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