European stock indices are trading in the green zone today. Speculators expect the new head of the Bank of Japan will toughen the banks’ monetary policy.
Danone company has informed about the necessity to reduce 900 jobs in Europe because of low efficiency caused by smaller consumption in southern Europe.
Swiss food giant Nestle has called part of its products off Italy and Spain . As informed to the “Market Leader”, DNA test has shown that some of the brand products contain horse meat, which should not be there. This primarily concerns beef products – uncooked food, where horse meat content exceeds 1 percent.
American corn market has shown considerable decline, having reached the price of mid-January.
Monday report on export inspection of corn, which has reached 14.46 mln. bushes, has exceeded traders’ expectations of 5-10 mln. Bushes. Yet it remains below 19.77 mln. bushes per week, which is necessary to fulfill USDA export prediction.
WASDE: Latest report is neutral to market.
Export sales: Net sales (651.700 ths. tons) are considerably higher than last week and 54% higher than the 4-week average.
Export (576.500 ths. tons) is 26% higher than last week and 20% higher than the 4-week average.
Today market experts have to admit that their excessively optimistic forecasts for the sales prospects of BlackBerry Z10 have failed so far.
Hewlett-Packard, the world’s biggest manufacturer of desktop personal computers, laptops and other computer devices, has recently published another quarterly report.