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UK : Cotton Futures unable to Find Decent Bid

Even though the US managed to sell nearly 1.4 mio bales over the last two weeks, which clearly proves its competitiveness, the futures market has so far been unable to find a decent bid and continues to slide from one contract low to another. Speculators keep selling the market ...

European sales boost Esprit profit

The world's fifth-largest fashion retailer, Esprit Holdings Ltd, posted a 16 per cent jump in annual net profit, benefiting from strong sales in European market that offset a poor product variety and lower value in euro. Hong Kong-based Esprit, whose result matches market ...

Vietnams garment industry to benefit much from WTO accession

Vietnam will export more garments and textiles, especially to the United States, and attract more foreign investors in the domestic apparel industry after its WTO accession, local newspaper Saigon Liberation reported Thursday. "After joining the World Trade Organization (WHO), we ...

Indian Textiles Sector Supports Capital Raising Plans ahead of Expiration of TUF

Textiles sector is giving support to their capital raising plans ahead of expiration of government sponsored Technology Upgradation Fund (TUF) in March 2007; Fasiha Shaikh, textile analyst, Angel Broking, said here on February 25. Six textile companies have mobilised over Rs 400 ...

USA : Lighter trade conditions lower volatility

Market was trading lower in early electronic activity but trended as much as 100 higher on the day to reach the high of 63.80. Trade scale up selling knocked the market back down below 63.50 but friendly option activity was being done on average volume as the market worked its ...

Thailand: Rising baht drives Thai exporters to wall

Naris Wongsanthitham is stressed. His small wood company in rural Thailand is facing ruin because of the breakneck rise of the baht against the dollar and all he gets from the government is permission to open a dollar bank account and a sermon about innovation and "value-added." ...

Australia : Wool market finishes 3.1% higher

The Australian wool market finished 3.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 25¢ (+2.9%), ending the week at 899¢/kg. This reflected increases of 29¢ (+3.2%) in the North and 21¢ (+2.4%) in the South, with their ...

USA : Trade selling sends cotton market lower

After a strong close yesterday, the cotton market followed higher overnight running into the same level of resistance where it has stalled out ever since the correction started last Friday. We can see on the chart that this top has become very strong and will take a friendly ...

Industry: Fashion stocks still in demand

Even with the euro heading north, Japanese consumers remaining skittish and valuations at lofty levels, enthusiasm for luxury fashion stocks as a medium-term investment remains undimmed among many investment professionals. Such confidence might appear misplaced with the outlook ...

USA : Cotton markets opens higher

Market opened higher after yesterday's firm close and set the high of the day before the open outcry began. After the market opening, we tested the lows early, but settled the day back near the middle of the daily range. Funds and locals drove the market higher and there was ...

Ted Baker to cut its wholesale cloth tighter

INVESTORS will be looking for progress in Ted Baker's underperforming wholesale business when the global fashion label, which began as a single Glasgow shop, reports this week. Although the company's retail side is expected to continue to demonstrate strong growth, the performanc...

Ted Baker to cut its wholesale cloth tighter

INVESTORS will be looking for progress in Ted Baker's underperforming wholesale business when the global fashion label, which began as a single Glasgow shop, reports this week. Although the company's retail side is expected to continue to demonstrate strong growth, the performanc...

USA : Good technical support pushes cotton high

Cotton found a bounce on light volume after testing the lows yesterday. Electronically, grains traded higher overnight and this lead to a push for the highs in cotton. However, most of the day was spent near where we settled just below 63.00. There is good technical support at 62...

USA : Chinese interest makes cotton mills nervous

Market certainly found a bounce off the new record weakness in the USD which fueled gains in the entire commodity complex including record highs for crude oil at 97 usd/barrel! Gold also hit 28 year highs @ 828 usd/oz. as well as strong gains in grains as well as cotton. We ...

USA : Textile mills take extended holiday time off

Cotton tried to bounce early with the dollar under pressure and rising oil prices overnight, but failed under the heavy pressure from December liquidation. December open interest fell to 36,000 contracts as we now have three days next week before FND. The urgency to get out of ...

USA : Cotton inquiries may not convert to huge sales

After a long holiday weekend, the market was ready to continue feeding off of last weeks gains and break through the 67.00 c/lb. level in H'08. Spreads between the back months remained steady to wider as most specs and trade continue to square up moving into the year end. Cotton ...

USA : Cotton trade in a very narrow range

Cotton traded in a very narrow range most of the day as we waited for the Federal Reserve announcement to give prices some direction. Expectations were met with a 50 basis point cut in the Fed funds rate and the discount rate. This immediately sent stocks higher after trading ...

USA : Cotton prices follow oilseed markets

Tell me the direction of the oilseed/grains markets and I can rather accurately predict the cotton market. The story line continues the cotton market is having great difficulty following its own fundamentals, following instead the grain and oilseed complex. While the New York ...

Finland : UPM to start RFID tag production in China

UPM will begin RFID tag and inlay production in Guangzhou, capital of the Guangdong province in southern China, in the third quarter of 2008. The new manufacturing site will serve the fast-growing Asian market in all RFID end-use areas, including ticketing and the apparel ...

USA:ECOM daily cotton market report

Wow, who's idea was it to get rid of the floor brokers? Two days and two locked up limits as Z'08 reached 109.00 synthetically soon after options opened and served as the first spot for shorts to stop the bleeding. We are now seeing an historic squeeze on the commercial shorts as ...
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