(Updates to U.S. mid-afternoon; adds commentary)* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Lira rises against dollar as Turkey reassures investors* EM currencies rebound as lira and yuan steadyBy April JoynerNEW YORK, Aug 16 (Reuters) - U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States later in August...Read More
(Updates after U.S. open; adds commentary; changes dateline; previous LONDON)* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Lira rises past 6 per dollar; Turkish fin. minister holds call* EM FX breathes easier as dollar dipsBy April JoynerNEW YORK, Aug 16 (Reuters) - U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the Uni...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* FTSE hits record high to lift Europe* Disappointing Tencent results compound Asia's one-year lows* Lira rallies past 6 per dollar ahead of finance minister call* Rest of EM FX breathes easier as dollar dips* Oil flat after fall, metals tick up as bears claw copperBy Marc JonesLONDON, Aug 16 (Reuters) - Bruised world shares and emerging ma...Read More
Investing.com - U.S. futures pointed to a higher open on Thursday, as investors reacted positively to developments in trade talks between China and the U.S. and positive earnings reports from blue-chip companies, while keeping an eye on blue-chip earnings and waiting for a slew of data to be released before the open.The blue-chip Dow futures gained 200 points, or 0.79%, by 7:10 AM ET (11:10 GMT),...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Aug 16 (Reuters) - European shares bounced back on Thursday after Beijing said it would hold trade talks with the U.S. in Washington later this month, spurring a recovery in investors' risk appetite on hopes of a trade war thaw.Europe's STOXX 600 .STOXX rose 0.2 percent, clawing back some of the previous session's loss...Read More
The major gold miners' stocks plummeted in brutal cascading selling this week as stops were run. That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector. With fear and despair extreme, it's critical to take a deep breath and get grounded in the gold miners' just-reported Q2'18 fundamentals. They reveal if this surpris...Read More
WARSAW, Aug 16 (Reuters) - Poland's KGHM, one of the world's biggest copper producers, reported a 50 percent fall in second quarter net profit as lower sales, rising costs and provisions offset the positive impact of higher copper prices.KGHM said on Thursday that second quarter net profit fell to 171 million zlotys ($45 million), from 341 million a year ago, and missed analysts forecasts of 361 m...Read More
Shares in Kaz Minerals (LON: KAZ) jumped Thursday after the copper miner declared its first dividend since 2012 and said it planned to expand its footprint in Russia, following the acquisition earlier this month of a project from Roman Abramovich, the owner of Chelsea soccer club.The Kazakhstan-focused company said it would pay a dividend of 6 cents per share, the first since began ramping up its...Read More
The US administration is not waiting to hear the results of ongoing legal challenges to President Donald Trump's order to scale back two nationals monuments, as it's moving forward with plans to allow mining and oil extraction in the newly-opened areas.Land that once belonged to the Bears Ears and Grand Staircase-Escalante national monuments, both of them in Utah, will likely be up for grabs onc...Read More
* U.S. crude stocks rose 6.8 mln bbls, surprising market* Inventory build came despite record refinery runs* World trade growth peaked in January -analysts* U.S. sanctions against Iran to cut supply (New throughout, updates prices, market activity and comments to settlement)By Jessica Resnick-AultNEW YORK, Aug 15 (Reuters) - Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower a...Read More
NEW DELHI, Aug 15 (Reuters) - India's foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the finance minister said on Wednesday, a day after the rupee currency sank to an all-time low.The rupee INR=D2 hit the record low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes spreading to othe...Read More
* India aims to launch first manned space mission by 2022* To roll out medical insurance scheme for the poor* Modi lists achievements ahead of 2019 general elections (Adds details, quotes; paragraphs 4 to 13)By Krishna N. Das and Promit MukherjeeNEW DELHI, Aug 15 (Reuters) - India will launch its first manned space mission by 2022 and roll out a health insurance scheme from September, Prime Minist...Read More
* Dollar index fades after hitting 13-month high* Turkish lira, euro helped by Qatar pledge* Commodities, copper, gold, oil slide* World stock index down 1.1 pct, EM stocks slump 1.8 percent (Updates to U.S. close, adds commentary)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive led by emerging market stocks on Wednesday and commodities tumbled as investors look...Read More
(Bloomberg) -- Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth.The red metal for delivery in three months fell 4 percent to settle at $5,801 a metric ton at 5:52 p.m. Wednesday on the London Metal Exchange. That’s a more-than 20 percent drop from its high of $7,332 a ton in June, meeting...Read More
* Dollar index hits 13-month high, commodities tumble* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* World stock index down 1.3 pct, EM stocks slump 2 percent (Updates to U.S. mid-afternoon, adds commentary)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive on Wednesday, with emerging marke...Read More
* FTSE 100 ends down 1.7 pct* Dollar strength batters commodities stocks* Fresh hopes for GSK's HIV business lift shares* Admiral, Hikma results in focus (Recasts, adds quote and detail, updates prices at close)By Kit Rees and Helen ReidLONDON, Aug 15 (Reuters) - Britain's top share index sank on Wednesday as emerging markets stress and a sharp selloff in commodities drove down stocks across Europ...Read More
* Dollar index hits 13-month high* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* World stock index down 1.3 pct, EM stocks slump 2 percent (Updates with U.S. open; adds commentary, changes dateline; previous LONDON)By Sin?(C)ad CarewNEW YORK, Aug 15 (Reuters) - Equities around the world took a dive on Wednesday, with emergi...Read More
* Dollar surge resumes; index hits new 13-month high* Turkish lira extends bounce but many early gains fizzle* Stronger dollar pressures commodities, copper, gold, oil slide* Indonesia raises rates for fourth time since May* World stocks down half percent, EM stocks slump 2 percent (Updates throughout)By Sujata RaoLONDON, Aug 15 (Reuters) - The dollar resumed its rise on Wednesday, surging to new...Read More
Investing.com - Gold prices fell to fresh one-and-a-half year lows on Wednesday as the broadly strong dollar continued to weigh on demand for bullion.December gold futures hit a low of $1,190.80, the weakest level since late January 2017, and were down 0.74% at $1,191.80 by 07:34 AM ET (11:34 AM GMT) on the Comex division of the New York Mercantile Exchange.Gold prices remained below the psycholog...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 flat* Fresh hopes for GSK's HIV biz lifts shares* Admiral, Hikma results in focus* Miners fall as copper price declinesBy Kit ReesLONDON, Aug 15 (Reuters) - The UK's top share index steadied on Wednesday as a fall across mining stocks capped results-driven gains, with GlaxoSmithKline a standout riser after the resul...Read More