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NEW YORK, April 29 (Reuters) – Overseas shares traded in the United States rallied on Wednesday as Spanish bank Santander’s results lifted bank shares and higher commodities prices bolstered the energy and basic materials sectors. The Bank of New York Mellon’s index of leading American Depositary Receipts (ADRs) . The ADRs of global miners were among top gainers after recent declines as copper prices shot up, with Rio Tinto plc (RTP. Energy companies’ ADRs also rose as NYMEX crude oil futures CLc1 gained $1. read more

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An account already exists for the email address entered. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. Oil analysts continued to point to weak fundamentals as a barrier for prices to advance further, with top trader Goldman Sachs (GS) . Copyright 2008 Dow Jones & Company, Inc. To view or change all of your email settings, visit the Email Setup Center . read more

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To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. NEW YORK (Dow Jones)–Energy and materials companies fueled a rally in small-caps Friday, though bank-led losses earlier in the week helped the Russell 2000 break a string of six consecutive weekly gains. As the tone on corporate earnings showed some improvement in sentiment despite the ongoing recession Friday, traders pushed more risk into their portfolios on the session. Small-caps broadly benefitted from the shift into risk, though energy and metals companies paced the day’s activity. Copyright 2008 Dow Jones & Company, Inc. To view or change all of your email settings, visit the Email Setup Center . read more

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Even though commodities prices held up better than the stock markets, retracing less ground, commodities stocks were disproportionately hammered. When money supplies increase faster than commodities supplies, commodities prices rise as relatively more money bids on relatively less commodities. Thanks to the horribly pessimistic psychology of the stock panic, many commodities stocks are not even reflecting today’s prevailing commodities prices let alone future ones. And the underlying commodities fundamentals virtually ensure higher commodities prices and hence higher profits for production in the years ahead. read more

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The Council of the Americas hosted a discussion with Pamela Cox, vice president for Latin America and the Caribbean at the World Bank about the role of commodities in the region’s economic profile and future. In the commodities boom prior to the global recession, commodity prices rose over 20 percent in Latin America, allowing for a major revenue increase and an average growth rate of 5. In the past, some analysts claimed steady international demand for Latin American commodities created a strong economic foundation that “decoupled” the region from the financial collapse in the United States. Cox argued that, prior to the global downturn, some Latin American coutries had taken steps to institute “sensible” economic policies that have helped them wisely manage the increased revenue and withstand the subsequent downturn more effectively. The most important tool to boost commodity prices in Latin America is to stimulate growth and demand across the world, especially in the United States, Europe, and China over at least the medium term. The declining commodity prices allow Latin American economies the chance to evolve and diversify exports, Cox said. read more

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NEW YORK (AP) — Investors unnerved by more poor news from corporate earnings reports are sending stocks are lower in early trading. NEW YORK (AP) — Wall Street signaled the week’s back-and-forth could continue Wednesday as investors grew unnerved by another batch of corporate profit reports. In early trading Wednesday, Dow Jones industrial average futures fell 77, or 0. The bank’s loss of 57 cents per share for the January to March period was wider than a loss of 8 cents a share analysts had expected. Earnings of 87 cents per share topped the 82 cents per share figure Wall Street had been expected. read more

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The global commodities market is about to make a comeback after years of price declines, which have devastated the food and metal markets around the world, according to billionaire American investor Jim Rogers. Rogers, in an e-mail interview with the JoongAng Ilbo from Singapore, where he has recently moved to teach his children Chinese, stressed now is time for investors to return to commodities, and warned them to stay away from U. Prices of major commodities like oil, copper and wheat have rebounded so far this year. Oil prices, which sunk from $147 a barrel to some $30 a barrel last year, have rebounded to the $50 mark this year. The surprise for many will be how high the price of oil stays and how high it goes, since the world is running out of known oil reserves. Terms of Use | Copyright Policy | Privacy Policy | E-mail address privacy All materials contained on this site are protected by Korean copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior consent of Joins. read more

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