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Read this article in: Global land treaty aims for more teethBy SHAREPhoto: Desertification threatens life and food securityJOHANNESBURG, 29 May 2013 (IRIN) - Talks have begun on giving a global treaty on land degradation more teeth.
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US stocks recouped early losses and closed higher on Thursday, ahead of May nonfarm payroll report from the US Labor Department due out Friday and amid the ongoing jitters that the Federal Reserve may tapering its quantitative easing policy soon.The S P 500 briefly broke the psychologically important 1,truereligonjeanstss,500 level before the market rebounded strongly in the last trading hour.The Dow Jones Industrial Average rose 80.03 points, or 0.53 percent, to 15,040.62 points. The S P 500 surged 13.66 points,tory burch outlet, or 0.85 percent, to 1,622.56 points. The Nasdaq Composite Index jumped 22.57 points,celine bag, or 0.66 percent, to 3,424.05 points.The market opened nearly unchanged and traded lower in the morning trading session on the heels of an across-the-board declining in stocks outside the United States.European stocks finished in the red territory on Thursday after the European Central Bank left its key interest rates unchanged at 0.5 percent and the Bank of England also kept its bond buying programs unchanged.ECB President Mario Draghi said in a news conference Thursday that the central bank continued to see downside risks surrounding the economic outlook for the euro area.Asian stocks also saw a general declining on Thursday, with the Japanese benchmark Nikkei falling 0.85 percent.On the economic front,celine handbags, in the week ending June 1, the advance figure for seasonally adjusted initial jobless claims was 346,000,Burberry Outlet, a decrease of 11,000 from the previous week's revised figure of 357,000, the US Labor Department said Thursday. The reading was almost in line with market consensus.The four-week moving average, a smoother indicator,chanel handbags, was 352,500,nike air max, an increase of 4,500 from the previous week's revised average of 348,chrisitanlouboutinpaschercs.fr,000,hotelwestpoint.com/uk/ghd.html, it added.Investors will be paying close attention to the May nonfarm payroll to try to get a hint on whether the Fed would scale back its bond purchases earlier than expected.The stock volatility has increased in recent couple of weeks thanks to investors' continuing speculation on prospects of the Fed's quantitative easing policy.Separately, US monthly job cuts declined for the third consecutive month in May, according to consultants Challenger, Gray Christmas on Thursday. US-based employers announced plans to trim payrolls by 36,398 during the month, 4.5 percent fewer than 38,ghd,121 cuts in April.All key sectors in the S P 500 finished in the green territory, with telecoms and health care leading the gains.In corporate news, LightInTheBox Holding Co.,burberryoutletbcc.com, Ltd., a global online retail company that delivers products to global consumers, announced its initial public offering (IPO) Thursday on the New York Stock Exchange,scarpe hogan, marking the first Chinese company IPO in the United States in 2013. The company's shares closed at 11.61 US dollars per share, 22.21 percent higher than its opening price of 9.50 dollars per share.PepsiCo shares advanced 0.57 percent to 81.66 dollars per share as the company denied a report that it was in talks to buy out Israel's SodaStream International,airmaxnikebs, which makes carbonated drinks from tap water.On Wednesday,nike free run, a report showed US private sector added fewer jobs than expected, pushing the Dow close below the important psychological level of 15,000 points for the first time since May 6.In other markets, light,goo.gl/K9aYn, sweet crude for July delivery gained 1. 02 dollars, or 1.1 percent to settle at 94.76 dollars a barrel on the New York Mercantile Exchange on Thursday. Brent for July delivery went up 57 cents, or 0.55 percent to close at 103.61 dollars a barrel.Gold future for August delivery on the COMEX division of the New York Mercantile Exchange rose 17.3 dollars, or 1.24 percent, to settle at 1,415.8 dollars per ounce on a weaken dollar on Thursday.The US dollar slumped against major currencies on Thursday. In late New York trading,http://www.hotelwestpoint.com/en/trueoutlet.html, the euro surged to 1.3246 dollars from 1. 3087 dollars of the previous session after the ECB's decision to keep interest rates unchanged and the British pound rose to 1.5607 dollars from 1.5402 dollars.
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