By Gertrude Chavez-DreyfussNEW YORK, Feb 12 (Reuters) - U.S. Treasury yields rose across most maturities on Monday, with benchmark 10-year yields hitting a four-year high, benefiting from strong U.S. economic growth prospects and global central banks normalizing years of easy monetary policy.U.S. 10-year yields, which move inversely to prices, have risen in three of the last five sessions. Since a...Read More
NEW YORK, Feb 12 (Reuters) - Credit Suisse's U.S. economists said on Monday they now expect the Federal Reserve to raise key U.S. short-term borrowing costs four times in 2018, one more than their earlier view for three rate hikes, following last week's U.S. budget agreement. "The FOMC has already boosted their growth outlook for 2018 in light of the tax bill passed in December and we anticip...Read More
By Kate DuguidNEW YORK, Feb 12 (Reuters) - The dollar fell against the euro on Monday following its best week against the single currency in nearly 15 months, as U.S. stocks recovered a bit from the dramatic selloff that saw the S&P 500's sharpest decline in more than two years. The selloff across asset classes forced investors betting against the U.S. currency to unwind their positions. The d...Read More
NEW YORK, Feb 12 (Reuters) - The yield on U.S. five-year Treasury Inflation Protected Securities rose to its highest since 2009 on Monday as concerns about inflation and a rising U.S. budget deficit have stoked a bond market selloff.Rising bond yields, with the 10-year Treasury yield hitting a four-year peak near 3 percent, have rattled stock markets around the world last week, slashing about $8 t...Read More
* Investors in wait and see mode on Zuma's fate* Rand volatile, briefly touches one pct* Stocks recover from over-sold levels (Adds stocks, trader comment)JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand briefly traded one percent firmer on Monday after local media reported that President Jacob Zuma had agreed to step down, before surrendering those gains after the presidential spokesman dismi...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Adds new quote, details, updates prices)By Jemima Kelly and Tommy WilkesLONDON, Feb 12 (Reuters) - Sterling slipped back towards a three-week low against the dollar on Monday, weighed down by uncertainty among investors over whether Britain would succeed in securing a post-Brexit transition period. The pound sk...Read More
WASHINGTON, Feb 12 (Reuters) - For details of the U.S. Treasury's auction of cash management bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can g...Read More
WASHINGTON, Feb 12 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee...Read More
NEW YORK, Feb 12 (Reuters) - U.S. inflation expectations edged lower last month, dulling a year-end rise, according to a Federal Reserve Bank of New York survey published on Monday as financial markets looked to such price measures for direction after a choppy trading week.The survey of consumer expectations, which the Fed considers among other data as it continues to gradually raise interest rate...Read More
(Kitco News) - Goldprices are trading with double-digit gains in late-morningactivity Monday. The safe-haven metal isseeing increased buying interest as the U.S. stock indexes have backed way offtheir overnight highs, with volatility increasing in the indexes. April Comex gold was last up $10.30 an ounce at $1,326.00. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com...Read More
(Kitco News)- The biggest one-day point drop inequity-market history last week wasn’t enough to keep hedge funds intraditional safe-haven assets gold and silver, according to the latest tradedata from the commodity futures trading commission.Analysts have been warning forseveral weeks that a momentum shift was coming in precious metals. Particularlyin gold, the market has been seen as overva...Read More
Mr. Antonio Berlanga reportsTELSON ANNOUNCES CAMPO MORADO MINE 2017 STARTUP OPERATIONAL RESULTS OF 2.4 MONTHS OF DEVELOPMENT, PREPRODUCTION AND INITIAL CONCENTRATE SALESTelson Resources Inc. has successfully startedpreproduction development mining and processing at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Preproduction test milling operations started on Oct. 14, 2017, and the...Read More
Walt Disney Co (NYSE:DIS) is making headlines today, after entertainment giant said it is raising prices for some of its theme park tickets. The company also announced a licensing deal with Alibaba (BABA), which will provide Disney content to BABA's Youku video streaming platform. At last check, the stock had erased its earlier gains to trade down 0.1% at $102.95.The stock has not had a great ye...Read More
Feb 12 (Reuters) - The Baltic Exchange's main sea freight index edged down on Monday, falling for the first time in five sessions due to lower demand for panamaxes and smaller vessels ahead of the Chinese New Year that is also expected to weigh on demand.* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, closed down two points, or 0.18 perce...Read More
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 2.4% to trade at $40.47, thanks to some bullish analyst attention ahead of earnings this week. Specifically, Instinet upgraded CSCO stock to "buy" and hiked its price target to $46, stating, "We believe Cisco's webscale switching wins are durable and its window for a campus switching refresh will extend through 2019." The analyst also hiked quarte...Read More
The Association of Mineral Exploration in British Columbia recently awarded Seabridge Gold (TSX: SEA)(NYSE:SA) the 2017 Robert R. Hedley Award for excellence in social and environmental responsibility at its KSM project, which the company says is one of the largest undeveloped gold projects in the world measured by reserves.Inspired by the work at KSM, Brent Murphy, Seabridge Vice President of Env...Read More
Even as the major stock market indexes suffered their worst week since 2016, Twitter Inc (NYSE:TWTR) stock tacked on an impressive 21.6% last week -- its best single-week performance since February 2015 -- thanks to well-received earnings. This morning, analysts have taken notice, with BMO raising its price target on TWTR stock to $28 from $22. Nevertheless, the new target still represents a disc...Read More
The U.S. stock market is trading higher today -- bouncing back from last week's sharp sell-off. The correction may have created buying opportunities for stock pickers, with Cowen pointing to the retail sector, in particular. The brokerage firm cited strong retail sales and consumer trends, and named Burlington Stores Inc (NYSE:BURL), Foot Locker, Inc. (NYSE:FL), PVH Corp (NYSE:PVH), Ralph Lauren C...Read More
* Indexes up: Dow 1.32 pct, S&P 1.23 pct, Nasdaq 1.15 pct* 10-yr Treasury yields at session lows, VIX in narrow range* CSRA jumps after buyout offer from General Dynamics* Cisco, AmEx move higher on Instinet upgrades* Energy stocks gain as crude prices rise nearly 2 pct (Updates to open)By Sruthi ShankarFeb 12 (Reuters) - Technology and financial shares led Wall Street's three main indexes mor...Read More
By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index recovered on Monday from Friday's five-month low, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks following a brutal week. * The Toronto Stock Exchange's S&P/TSX composite index was up 133.54 points, or 0.89 percent, at 15,168.07 at 10:05 a.m. EST (1505 GMT).* Monday's gains c...Read More