Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilities kept a lid on broader market gains. REYNOLDS AMERICA/BATS: U.S. cigarette maker Reynolds American...Read More
* Dollar at 11-month peak vs currency basket* Treasury yields jump on inflation, supply risks (Updates to U.S. market close, adds comment)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster U.S. inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields...Read More
* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks (Updates prices)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields pared some gains in a...Read More
Mining costs in Chile, the world's No. 1 copper producer, were among the highest in the world last year even though most companies spent 2015 cutting expenses and placing projects in the back burner, a new study released Monday shows.Data from the Mining Council, which groups the largest copper, gold and silver miners operating in Chile, reveal that production costs in the country last year were 5...Read More
Venezuela and Gold Reserve (TSE:GRZ), have agreed to rework the terms of a $770 million settlement relating to the seizure of the company's Las Brisas gold-copper mine in 2008.The aggregate payments to be made by Venezuela have not changed and the payments will be completed seven months earlier than originally contemplatedThe Spokane, Washington-based company announced a revised schedule of...Read More
* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* Crude oil falls on oversupply fears, dollar strength (Updates with U.S. prices, changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider...Read More
* Dollar tops 107 yen, at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* European shares, Nikkei jump; ex-Japan Asia shares skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster inflation and wider b...Read More
* Dollar tops 107 yen, at nine-month peak against currency basket* Treasury yields highest since Jan on inflation, supply risks* European shares, Nikkei jump, but Asia shares ex-Japan skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic...Read More
Investing.com - Gold prices fell to a more than five-month low on Monday, extending four straight sessions of losses as market players continued to dump the yellow metal in wake of Donald Trump's victory in the U.S. presidential election.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank to an intraday low of $1,212.00 a troy ounce, a level not seen since Jun...Read More
Investing.com - Gold prices fell to five month lows on Friday as risk appetite recovered following Donald Trump's victory in the U.S. presidential election, sapping investor demand for safe haven assets.Gold for December delivery on the Comex division of the New York Mercantile Exchange settled down 3.10% at $1,227.15 a troy ounce, the lowest close since March 6.Market sentiment was boosted by opt...Read More
While gold's initial rally following Donald Trump's victory in the US presidential elections have evaporated, the rally in industrial metals continued on Friday with the copper price jumping to a 17-month high.In pre-regular hours trade on Friday copper for delivery in December gained 4% from Thursday's close trading as high as $2.6525 per pound ($5,847 a tonne) in New York, the highest sin...Read More
* Emerging markets hit by surging U.S. yields* Italy leads European bond slide* Copper above $6,000, best week in decadesBy Jamie McGeeverLONDON, Nov 11 (Reuters) - The global bond market rout continued on Friday, driving up Italian yields and hammering emerging markets as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from these asset...Read More
Investing.com - Gold prices dropped to fresh four-week lows on Friday, as market sentiment continued to improve amid growing optimism surrounding the effects of a Trump presidency on the U.S. economy.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.71% at $1,257.35.The December contract ended Thursday's session 0.56% lower at $1,266.40 an ou...Read More
(Adds futures)Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher 8 points on Friday, according to financial bookmakers, with futures FFIc1 up 0.04 percent ahead of the cash market open.* The UK blue chip index fell 1.2 percent on Thursday, breaking a three-day climb and retreating from its highest level since late October as gold miners and defensive stocks slipped amid expec...Read More
* Nikkei soars 2.8 pct on the week* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains on profit-takingBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei stood firmer on Friday, not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth.The Nikkei .N225 gained 0.2 percent to 17,374.79...Read More
Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points on Friday, according to financial bookmakers.* The UK blue chip index fell 1.2 percent on Thursday, breaking a three-day climb and retreating from its highest level since late October as gold miners and defensive stocks slipped amid expectations of a big U.S. economic stimulus based on President-elect Donald Trump's pled...Read More
* Non-ferrous metal stocks higher on rising copper price* Nikkei trims gains in mid-morning trade* Hopes Trump policies could boost U.S. growthBy Ayai TomisawaTOKYO, Nov 11 (Reuters) - Japan's Nikkei share average rose to a nine-month peak on Friday morning led by financials taking heart from rising yields, and sentiment was boosted after U.S. shares soared on hopes that President-elect Donald Tru...Read More
* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of U.S. markets, oil settlement prices)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the like...Read More
* Tech weakness weighs on Wall Street* Bond yields continue to rise* Dollar strength weighs on oil, gold (Adds close of European markets)By Chuck MikolajczakNEW YORK, Nov 10 (Reuters) - A rally in major world stock markets lost some steam on Thursday as investors reassessed positions after a rally in the prior session, while U.S. bond yields continued to climb on fears of a revival in inflation un...Read More
South Africa's Harmony Gold (JSE:HAR) (NYSE:HMY), the world's fifth largest producer of the precious metal, has kicked off its 2017 financial year on a good note, reporting increased production, stronger cash flows and the payment of a shareholder dividend.The company, which is also South Africa's third-largest gold miner, said revenue jumped by 16% to $374 million when compared to the previou...Read More