Click the following link to watch video: Source: Reuters InsiderDescription: Facebook Chief Executive Mark Zuckerberg meets with DemocraticSenator Bill Nelson on Capitol Hill a day before he is scheduled to testify toCongress. Rough Cut (no reporter narration)Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The auth...Read More
(Adds context, background)By Amanda BeckerWASHINGTON, April 9 (Reuters) - The massive tax cuts signedinto law in December, which Republicans said would pay forthemselves, will balloon the U.S.deficit in years ahead, theCongressional Budget Office said on Monday, possibly hobblingPresident Donald Trump's future agenda.The deficit - the amount that Washington's spending exceedsits revenues - will ex...Read More
* USD/JPY has broken 100-HMA support by the 106.90 Ldn low * CBO's worrisome US budget forecasts take toll* Pair was a rare USD gainer earlier today, falls into line * 106.71 up trendline from Tues's low cracks, 200-HMA 106.62 * Bearish daily Cloud, 50% Fibo and 55-DMA rejections weigh * Daily Kijun and last week's low at 106.02/5.66 next props Disclaimer: The views expressed in this article are...Read More
* Trump could seek coalition on China trade, adviser says * China's president to address key conference on Tuesday * Merck shares jump after positive cancer-drug trial * Indexes up: Dow 1.47 pct, S&P 1.49 pct, Nasdaq 1.66 pct (Updates to late afternoon, changes byline, adds dateline NEWYORK)By April JoynerNEW YORK, April 9 (Reuters) - Wall Street's major indexesrose more than 1 percent each on...Read More
WASHINGTON (Reuters) - U.S. farmers will be protected by the Trump administration during rising trade tensions between the United States and China, Agriculture Secretary Sonny Perdue said on Monday.“We’re not going to allow agricultural producers to bear the brunt of Chinese retaliation as we defend our own interests,” Perdue said during a speech to the National Rural Electric Co...Read More
* Dollar index slips to lowest since March 28 * Stock volatility no big factor for ECB so far: Draghi (Updates market action)By Saqib Iqbal AhmedNEW YORK, April 9 (Reuters) - The dollar fell against abasket of currencies on Monday, on persistent worries about apotential trade conflict between the United States and China andas the euro rose following comments from European Central BankPresident Mar...Read More
Analysts are upbeat toward the tech nameAlphabet Inc (NASDAQ:GOOGL) received some bullish analyst attention over the weekend, with Barron's calling the Google parent (subscription required) a "bargain in big tech," and noting that traders aren't pricing in the company's upbeat growth outlook on concern's Facebook's data scandal could result in increased government scrutiny. The expectations for...Read More
China is considering devaluing the yuan in order to gain an edge in the trade war. Gold is trading near daily highs close to the $1,333.80 resistance. Gold is trading at around $1,332.94 virtually unchanged on Monday as the trade war escalation between the US and China intensify. China announced that it is evaluating the potential effect of a progressive yuan devaluation in order to gain a compe...Read More
By Karen BrettellApril 9 (Reuters) - The forward curve of swaps based onFederal Reserve rate expectations has inverted slightly,indicating that market participants are concerned about the U.S.central bank making a policy mistake, analysts at JPMorgan saidin a report.The forward curve of the one-month overnight index swap(OIS) rate has inverted slightly after the first quarter of2020, implying an e...Read More
** Shares of Intercontinental Exchange Inc, which owns theNew York Stock Exchange, up 1.7 pct at $71.83** Cannot "rule out starting futures contracts on digitalcurrencies" - Bloomberg reports ** "There is a trend here we can't ignore in my mind, so Idon't discount it" - CEO Jeffrey Sprecher tells Bbg ( ) ** Bitcoin trading down ~4 pct at $6746.81 on theLuxembourg-based Bitstamp...Read More
China is continuing its long-running assault on the US dollar as the world's global reserve currency.The PetroDollar is backed by US Treasuries, which helps fuel US government deficit spending. Take that support away and the US dollar is in serious trouble. It looks like that.Gold closing this coming week above $1337 is going to activate the price momentum into a bullish camp that is indicating ta...Read More
NEW YORK (Reuters) - Financial firms representing more than $1 trillion in assets under management have endorsed a U.S. regulator’s plan to test limiting the rebates and other incentives that stock exchanges can pay to brokers, a practice critics say creates conflicts of interest.The U.S. Securities and Exchange Commission proposed a two-year pilot program in March that would force exchanges...Read More
WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg told Congress on Monday that the social media network should have done more to prevent itself and its members’ data being misused and offered a broad apology to lawmakers.His conciliatory tone precedes two days of Congressional hearings where Zuckerberg is set to answer questions about Facebook user data being improperly app...Read More
April 10 (Reuters) -Stock MarketsNet ChngStock MarketsNet Chng S&P/ASX 200** 5,808.70 20.00 NZX 50**8,454.13 60.86 DJIA24,323.78391.02NIKKEI**21,678.26110.74 Nasdaq7,056.453141.34FTSE**7,194.75 11.11 S&P 500 2,649.35 44.88 Hang Seng** 30,229.58384.64 SPI 200 Fut 5,818.00 25.00 STI** 3,449.96 7.46 SSEC**3,139.33 8.2164KOSPI** 2,444.08 14.50 --------------------------------------------------...Read More
(The Day Ahead is an email and PDF publication that includes the day's majorstories and events, analyses and other features. To receive The Day Ahead, Eikonusers can register at . Thomson One users can register at RT/DAY/US. Alltimes in ET/GMT)Facebook Inc CEO Mark Zuckerberg is scheduled to testify before a joint hearingof the Senate Judiciary Committee and Senate Commerce Committee regarding the...Read More
(Adds background, reaction)April 9 (Reuters) - The U.S. Justice Department will allowGerman drugs and pesticides group Bayer AG to acquireMonsanto Co in a $62.5 billion deal, after the companiesagreed to sell more assets to win antitrust approval, the WallStreet Journal reported on Monday.Shares of Monsanto, the world's biggest seed company,approached a four-year high on the news, before closing u...Read More
* WSJ reports Bayer reaches agreement in principle with DOJ * Bayer declines to comment* Bayer shares up 4.7 pct, Monsanto rises 6.2 pct (Adds Bayer shares, analyst comment, BASF declines comment)FRANKFURT, April 10 (Reuters) - Bayer sharesjumped nearly 5 percent on Tuesday following a media report thatthe U.S. Justice Department will allow the German drugs andpesticides group to acquire Monsanto...Read More
* US 2-10 yield curve flattening keeps USD heavy & EUR/USD stays firm * EUR/USD holds just below day's high & near 21-DSMA and daily cloud top * Daily RSI biased up, suggests further gains are likely * 55-DSMA & April 2 high are hurdles for bulls, if cleared stops likely run * Rise likely intensifies, little to stop bulls until Mar 28 & 27 highs Disclaimer: The views expressed in...Read More
The RSX ETF is pacing for its worst day in yearsNew U.S. sanctions against Russia are sinking the VanEck Vectors Russia ETF (RSX), along with several stocks with Russian ties, including internet issue and Uber partner Yandex NV (NASDAQ:YNDX). In addition, the sanctions froze the U.S. assets of Russian aluminum company Rusal, lifting shares of American aluminum producers like Alcoa Corp (NYSE:AA)....Read More
** Ironwood Pharmaceuticals shares up 15.4 pct to$16.57 in Mon trading; shares on track for biggest single-daypercentage gain since Jan 2014 ** Biotech co says notified that activist hedge fund SarissaCapital Management intends to nominate its chief investmentofficer Alex Denner to Ironwood board** "Our initial reaction is positive based on having knownDenner for more than a decade and given...Read More