{"id":14945,"date":"2012-09-26T04:54:47","date_gmt":"2012-09-26T02:54:47","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/commodities-early-gains-fade-as-equities-slide-weighs\/"},"modified":"2012-09-26T04:54:47","modified_gmt":"2012-09-26T02:54:47","slug":"commodities-early-gains-fade-as-equities-slide-weighs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/commodities-early-gains-fade-as-equities-slide-weighs\/","title":{"rendered":"COMMODITIES-Early gains fade as equities&#8217; slide weighs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Key CRB index inches up from one-month closing low<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* After early push higher, most markets settle flat<\/p>\n<p><span><\/span><\/p>\n<p>* With little news, traders take cues from US equities<\/p>\n<p><span><\/span><\/p>\n<p>NEW YORK, Sept 25 (Reuters) &#8211; Commodity markets ended little<br \/>\nchanged after a seesaw session on Tuesday, with modest early<br \/>\ngains erased by an afternoon slide in U.S. equities markets on<br \/>\ndownbeat earnings indications and end-of-quarter profit-taking.<\/p>\n<p><span><\/span><\/p>\n<p>In a session marked by mostly meandering prices, lackluster<br \/>\nvolume and a paucity of fresh indicators, crude oil, gold and<br \/>\nsoybeans all closed near the day&#8217;s lows, down 1 percent or more<br \/>\nfrom early-morning peaks that had little fundamental support.<br \/>\nOil had gained on growing geopolitical risks stemming from tough<br \/>\nU.S. and Iran rhetoric at the United Nations.<\/p>\n<p><span><\/span><\/p>\n<p>The Thomson Reuters-Jefferies commodity index gained<br \/>\n0.25 percent for the day, edging up from Monday&#8217;s close which<br \/>\nwas a near one-month low. The index tumbled 3.7 percent last<br \/>\nweek as some funds locked in gains that preceded the Federal<br \/>\nReserve&#8217;s third push to revive the economy by buying bonds.<\/p>\n<p><span><\/span><\/p>\n<p>With the latest wave of global stimulus now priced in and<br \/>\nsecular fundamentals offering few new clues, markets are<br \/>\nstruggling for direction, traders say.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The (oil) market looks tired. It was really up on air<br \/>\nearlier,&#8221; said Andy Lebow, vice president at Jefferies Bache.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The consumer confidence number was quite good but that&#8217;s<br \/>\njust one data point in what looks to be a weakening economy.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Key CRB index inches up from one-month closing low * After early push higher, most markets settle flat * With little news, traders take cues from US equities NEW YORK, Sept 25 (Reuters) &#8211; Commodity markets ended little changed after a seesaw session on Tuesday, with modest early gains erased by an afternoon slide [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14945"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}