The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
CloseGain/LossGold $1342.00-$7.60Silver$17.18-$0.23XAU87.47-3.15%HUI195.77-3.73%GDM663.35-2.82%JSE Gold1300.17-12.92USD89.36+0.26Euro123.83-0.41Yen91.91-0.06Oil$65.56-$0.5810-Year2.691%+0.032T-Bond148.15625-0.59375Dow26439.48-0.67%Nasdaq7466.51-0.52%S&P2853.53-0.67% The Metals: Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours,...Read More
The FOMC meeting and US January nonfarm payrolls will be the key. The US economy will see a rise in consumer spending as bonuses rise due to Trump's tax and trickle down effects. If the Federal Reserve is aggressive then we might just see a March interest rate hike. The US dollar is oversold. Any positive news can result in the US dollar paring most of January's losses and even gain. Bubbles hap...Read More
* Debt-for-equity swap agreed in principle* Will dilute existing equity holders' stake to 10 pct* Deal subject to shareholder approval* Noble says deal will reduce debt to sustainable level (Repeats to fix technical glitch, no changes to text)By Anshuman Daga and Aradhana AravindanSINGAPORE, Jan 30 (Reuters) - Struggling Noble Group has struck a deal with creditors to restructure $3.5 billion of i...Read More
Krishna Mohan, Jitesh Thakkar, Jiongsheng Zhao, James Vorley, Cedric Chanu and Andre FlotronRead full newsRead More
(Corrects spelling error in headline, no change to text)SEOUL, Jan 30 (Reuters) - South Korean manufacturers' business confidence edged down for February, a central bank survey showed on Tuesday, as companiesgrew more pessimistic because of local economic uncertainties and appreciation of the won.The Bank of Korea's manufacturing business survey index (BSI) for February came in at 80 on a seasona...Read More
SYDNEY, Jan 30 (Reuters) - Australian business conditions remained buoyant in December with both profits and sales healthy, while a pick up in confidence was positive for the investment outlook, a survey reported on Tuesday.National Australia Bank's index of business conditions held steady at a seasonally adjusted +13 in December, staying well above the long-run average of +5.The survey's measure...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES INCREASE TO BOUGHT DEAL FINANCINGOrla Mining Ltd. has agreed with a syndicate of underwriters led by GMP Securities LP, and including Paradigm Capital Inc., Cormark Securities Inc., TD Securities Inc., Desjardins Securities Inc. and Raymond James Ltd., to increase the size of its previously announced $25.48-million bought deal offering. Pursuant to the u...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES INCREASE TO BOUGHT DEAL FINANCINGOrla Mining Ltd. has agreed with a syndicate of underwriters led by GMP Securities LP, and including Paradigm Capital Inc., Cormark Securities Inc., TD Securities Inc., Desjardins Securities Inc. and Raymond James Ltd., to increase the size of its previously announced $25.48-million bought deal offering. Pursuant to the u...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -1.8 pct, HSI -0.4 pct* Shanghai->HK daily quota used 28.1 pct* Shenzhen->HK daily quota used 17.2 pct* CNY official close 6.346 per dollar* FTSE China A50 -2.1 pct, BNY Mellon ADR China Select Index -1.5 pct SHANGHAI, Jan 30 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might...Read More
(Adds detail on jobs, household spending, retail sales)* Labour demand at highest in more than 4 decades* Data give unions leverage in push for higher wages* Retail sales rises By Stanley WhiteTOKYO, Jan 30 (Reuters) - Labour demand in Japan rose in December to its highest in more than 40 years, which could give labour unions extra leverage in impending spring wage negotiations. Retail sales ros...Read More
(Adds quotes, details)By Patricia ZengerleWASHINGTON, Jan 29 (Reuters) - The U.S. State Department said on Monday a 2017 U.S. law was deterring billions of dollars in Russian defense sales, but it did not announce any sanctions under the measure designed to punish Russia for allegedly seeking to influence the 2016 U.S. presidential election."Today, we have informed Congress that this legisla...Read More
Jan 30 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-JanNorwayAuction Treasurie...Read More
LONDON, Jan 30 (Reuters) - The confidence of British households rose at the fastest pace in a year in January, suggesting the Brexit-bound economy might hold up better than expected again this year, according to a survey published on Tuesday.Polling firm YouGov and the Centre for Economics and Business Research, a consultancy, said their consumer confidence index rose to 108.2 from 107.1 in Decemb...Read More
Jan 30 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 30 ** CHISINAU - National Bank of M...Read More
Jan 30 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 30PARIS - ECB policymaker Francois Villeroy de Galhau speaks at a Fintech conf...Read More
TOKYO, Jan 30 (Reuters) - Japanese retail sales rose 3.6 percent in December from a year earlier, compared with a median market forecast for a 1.8 percent increase, government data showed on Tuesday.For background, please see this PREVIEW To view full tables, go to the website of the Ministry ofEconomy, Trade and Industry at: (Reporting by Izumi Nakagawa and Stanley White; Editing by Chris Gallagh...Read More
Fundamental Research Corp (FRC) has initiated coverage on Chilean Metals Inc. (TSXV:CMX, OTCQB:CMETF, SSE:CMX, MILA:CMX, FRA:IVV1, BER:IVV1), with a BUY rating and a fair value estimate of C$0.30 per share.Read full newsRead More