U.S. corn jumps by daily limit to hit 2-year high
SINGAPORE, Oct 11 (Reuters) - Chicago corn jumped 8.5 percent to its highest in more than two years, marking its sharpest gain since 1972, after the U.S. government forecast supplies in the world's top exporter to shrink to their lowest in 14 years.
"Any period of time where you get two consecutive limit-up days, it's likely to spur a little bit of panic buying as some people try to get in before they perceive it being a little too late," said Luke Matthews, commodity strategist at Commonwealth Bank of Australia.
Dollar at 15-yr low vs yen, Asian stocks rise
HONG KONG, Oct 11 (Reuters) - The dollar slid to a 15-year low against the yen and Asian stocks rose as U.S. jobs data boosted the chances of easier U.S. monetary policy and IMF and G7 meetings produced little to ease global currency tensions.
"We've had low interest rates in the most developed economies for some time and we have robust growth and the need to tighten policy elsewhere. That suggests the flows going into the emerging world are going to continue," said Alan Ruskin, global head of FX Strategy at Deutsche Bank.
US employment seen flat in Sept, jobless rate up
WASHINGTON, Oct 8 (Reuters) - The U.S. economy probably added no jobs in September as shrinking government payrolls offset modest gains in private hiring, an outcome that would cement expectations of further Federal Reserve action to spur the recovery.
The government is expected to report on Friday that private employers added 75,000 jobs in September after an increase of 67,000 in August, according to a Reuters survey. The report is due at 8:30 a.m. (1230 GMT).
Commodities poised to ride central bank cash higher
NEW YORK/LONDON, Oct 7 (Reuters) - Commodities could extend a rally that has lifted prices more than 10 percent since late August, if central banks pump billions more dollars into the global economy to prop up the sputtering recovery.
Raw materials prices surged after U.S. Federal Reserve Chairman Ben Bernanke said on Aug. 27 the Fed was prepared to use "unconventional" policies such as buying more long-term securities to drive down interest rates, if necessary.
PRECIOUS-Gold steadies off record high, eyes U.S. data
LONDON, Oct 8 (Reuters) - Gold steadied on Friday, consolidating after the previous day's volatile trading saw it hit record highs before staging its biggest daily loss in two months, as investors took to the sidelines ahead of key U.S. payrolls data.
The foreign exchange markets, which have a significant impact on gold, are also awaiting the annual meeting of the International Monetary Fund and World Bank this weekend, which is expected to give fresh direction to currencies next week.
FOREX-Dollar steady ahead of U.S. jobs, G7
LONDON, Oct 8 (Reuters) - The dollar held steady on Friday, recovering from a sell-off earlier this week as investors booked profits and braced for U.S. jobs data and Group of Seven (G7) and IMF meetings in Washington later in the day.
The dollar remained under pressure as market players expect the U.S. Federal Reserve to pump more money into the economy next month. Those expectations boosted the euro by 7.5 percent last month and pushed it to its highest level since January.
Jobs and currencies put investors on edge
LONDON, Oct 8 (Reuters) - Investors pulled back from riskier assets on Friday, selling stocks and buying the dollar, as they approached a key test of U.S. economic recovery and a potentially volatile weekend of global currency talks.
Wall Street also looked set to open flat to lower pending the release of jobs data.
U.S. monthly non-farm payrolls data for September was at 1230 GMT, providing a snapshot of how the stumbling U.S. economy is impacting jobs -- and with them consumer confidence and likely spending patterns.
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