Stocks rose, sending the Dow Jones Industrial Average to a record, and Treasuries gained as Federal Reserve officials said weakness in the U.S. economy warrants continued stimulus. Oil led commodities up from a four-month low while the yen and dollar weakened.
DEC13 coffee futures are now down 14 of the past 17 days, and we wonder when this market will be considered bargain territory! We believe if coffee breaks the $1 mark, we could see some bargain buying ideas take hold of the market.
United Parcel Service Inc. projects short-term economic headwinds amid a decline in manufacturing orders in Asia while the company pursues a major acquisition in Europe, the head of its international division said.