Crude oil prices are being multidirectional today. While Brent is appreciating, WTI is losing value. The major reason why Brent is showing some strength is the fact that Asian countries have suspended their oil imports from the Atlantics. At the same time, they are expected to resume the import of crude oil from Iraq when the local infrastructure is ready.
The futures on US stocks are trading in the green zone today since weak employment stats give traders and investors to understand that the Fed is probably going to continue its accommodative policy without intending to taper it in the near future.
On Thursday, October 17, prices for December future of livecattlehave updated their 9-month high of 134 dollars per pound; it has then rapidly rolled away and is currently traded at about 132 dollars per pound. Generally speaking, the uptrend has been characteristic of the market since 2008 and is primarily connected with shortage of cattle stock in the USA.
After breaking below the local low at $432 per bushel, the price of the corn futures for December delivery is trading within a tight range. Even a strong rally seen in the wheat market on October 18th failed to support corn futures.
It’s been a couple of weeks since Apple introduced new devices – iPhone 5S and 5C. However, the prices on those devices have already seen several ups and downs since then. A couple of days ago, for example, iPhone 5S and 5C appreciated by 1018 euro in France. Apple seems to be trying to make up for the expenses connected with copyrights. The new prices are officially raised and published on the official website.
Galaxy S5 by Samsung Will Identify the Owner by His/Her Eyes
Samsung, the world-famous South-Korean manufacturer of computer electronics, is rumored to introduce a new device in early 2014. The devices is said to be called Samsung Galaxy S5. The rumors also say the company has accelerated the process of manufacturing the long-awaited device. The top management of the company doesn’t like the pace at which Galaxy S4 devices are being sold around the globe since Apple, Samsung’s major rival, is gaining strength in the global market of smartphones with its new devices – iPhone 5S and 5C.
Lumia 625, a brand-new smartphone manufactured by Nokia, seems to be successfully conquering international markets. The Indian sales of Lumia 625 alone accounted for 3,1% of the total amount of the Windows-powered smartphones sold last month.
There are rumors that the release of iPad 5, which is set to take place on October 22nd, will match the presentation of a new and improved version of Smart Cover. It sound quite logical since the new iPad will be of bigger size, which requires a new Smart Cover.