Remember Stockrageous is the only site where you can get real time streaming quotes and charts for free for a limited time. So sign up now.

March 9th, 2010

Morning Report

Oil prices have now fallen off the $82.00 US/boe range back down to below $81.00 US/boe however prices seem to be climbing back up and the price will probably close back up near or above the $81.00 US/boe today.

Gold is currently falling although the price looks to be at the early stages of a turn around and it looks like it will turn back up. The volatility with gold these days suggests the price may run all the way back up above the previous close, over the $1120.00 US/ounce mark.

Most Asian indices saw marginal gains after their respective trading sessions closed.

Almost all European indices are currently lower than the previous close although declines are marginal as well.

UK Trade

Jan 2010 deficit widened to £3.8bn

The UK?s deficit on trade in goods and services was £3.8 billion in January, compared with a deficit of £2.6 billion in December (originally published as a deficit of £3.3 billion).

The surplus on trade in services was £4.2 billion in January, compared with a surplus of £4.4 billion in December.

The deficit on trade in goods was £8.0 billion in January, compared with a deficit of £7.0 billion in December (originally published as a deficit of £7.3 billion). Exports fell by £1.4 billion and imports fell by £0.5 billion.

The deficit with EU countries was £3.2 billion in January, compared with a deficit of £3.6 billion in December. Exports fell by £0.2 billion and imports fell by £0.7 billion. There was a fall in imports of cars, and consumer goods other than cars.

The deficit with non-EU countries widened to £4.8 billion in January, compared with a deficit of £3.4 billion in December. Exports fell by £1.2 billion but imports rose by £0.2 billion. There was a fall in exports of oil, and chemicals. There was a rise in imports of semi manufactured goods other than chemicals, but a fall in imports of oil, and aircraft.

Excluding oil and erratic items, the volume of exports fell by 6.0 per cent and the volume of imports fell by 1.2 per cent, compared with December.

Export prices fell by 0.6 per cent but import prices rose by 0.6 per cent, compared with December.

Germany:

11.6% more business insolvencies in 2009

WIESBADEN ? As reported by the Federal Statistical Office (Destatis), in 2009, German insolvency courts reported 162,907 insolvencies, 32,687 of them referred to enterprises and 130,220 to other debtors. Enterpriseinsolvencies increased 11.6% compared with 2008, an increase was observed in the total number of insolvencies (+5.0%) and in insolvencies of other debtors (+3.4%).

The latter group includes in particular consumers (101,102; +3.0%), individuals, for example as members of partnerships and formerly self-employed persons (26,310; +3.1%) and deceased persons' estate insolvencies (2,808; +24.5%).

In December 2009, 13,586 insolvencies (+8.1%) were registered, 2,583 of which were enterprise insolvencies (+15.5%). In addition the courts registered 8,656 consumer insolvencies, which were 6.5% more than in December 2008.