* Financials-focused hedge fund made 9.4 pct in year to end-April* Founder del Missier ran fund internally with $100 mln* Firm now employs 12 peopleBy Maiya Keidan and Anjuli DaviesLONDON, May 9 (Reuters) - A hedge fund firm run by the former co-CEO of Barclays (LON:BARC) investment bank Jerry del Missier and focused on the financial services industry has opened to external capital, del Missier...Read More
Investing.com - Gold prices were higher in European trade on Wednesday, bouncing off the prior session's eight-week low after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington.Rekindled fears that North Korea could be gearing up for another weapons test also supported gold.Comex gold futures rose around $6.00, or about 0.5%, to $1,222.30 a troy o...Read More
(Adds company news, futures)May 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.18 percent ahead of the cash market open.* ASTRAZENECA: Drugmaker AstraZeneca Plc AZN.L said its asthma drug failed to meet the main goal of significantly reducing the annual asthma exacerbation rate in a late-stage...Read More
May 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower on Wednesday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BHP.AX , BLT.L said it had started a sales process to potentially divest its Cerro Colorado copper mine in Chile. STANDARD LIFE/ABERDEEN: Standard Life SL.L and Aberdeen Asset Management ADN.L expect to cut 800 jobs, nearly 10 percent of th...Read More
* S&P, Nasdaq, German DAX hit record highs* Wall Street's "fear gauge" at historic lows* Bond yields on the rise, gold falls* Oil buckles as concern grows over battle of OPEC vs shaleBy Dion RabouinNEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as U.S. equities tracked European stocks and global bond yields.Investor s...Read More
* Wall Street's "fear gauge" at historic lows* Active Fed supporting dollar* Bond yields on the riseBy Jamie McGeeverLONDON, May 9 (Reuters) - European stocks and global bond yields rose on Tuesday, with investor sentiment bolstered by historically low U.S. stock market volatility, last weekend's French presidential election result and solid corporate earnings.Europe's index of leading 300 shares...Read More
* STOXX 600 up 0.5 pct* Miners, oil stocks lend support* Results buoy Davide Campari , Nets* Micro Focus down after buyout target's weak update (Adds quote and details, updates prices)By Kit ReesLONDON, May 9 (Reuters) - A raft of well-received updates and a recovery in resources stocks helped European shares rebound on Tuesday from the previous session's slight losses, edging to 21-month high...Read More
* Wall Street's "fear gauge" at all-time lows* Active Fed supporting yields, dollarBy Jamie McGeeverLONDON, May 9 (Reuters) - European stocks and bond yields rose on Tuesday, boosted by historically low stock market volatility, continuing relief from this weekend's French presidential election and solid corporate earnings.Europe's index of leading 300 shares .FTEU3 was up 0.4 percent at 1,552 poin...Read More
LONDON, May 9 (Reuters) - A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session's slight losses, although shares in Micro Focus MCRO.L dropped.The pan-European STOXX 600 .STOXX index was up 0.3 percent, holding at 21-month highs, while France's CAC 40 index .FCHI gained 0.4 percent, recouping some of its losse...Read More
Investing.com - Gold prices inched down in European trade on Tuesday, holding near the prior session's seven-week low amid fading demand for safe-haven assets.Comex gold futures slipped around $1.00, or about 0.1%, to $1,226.50 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was little changed at $1,225.90.The yellow metal hit its lowest since March 16 at $1,221.00 on Monday as safe-hav...Read More
* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie hits 4-month low on weak data, soft commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economi...Read More
* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie listless due to weakness in commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economic condit...Read More
* VIX ends at lowest since December 1993* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates to U.S. market close)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed on Monday and the euro fell from a six-month high hit after pro-EU centrist Emmanuel Macron's victory in France's presidential election, as trad...Read More
* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates prices, comment)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed and the euro fell on Monday from highs it touched after pro-EU centrist Emmanuel Macron's emphatic and expected victory in France's presidential election as investors cashed in recent gains...Read More
In February copper hit a 21-month high on the back of optimism that Donald Trump's $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.Any US stimulus now appears further in the distance and over the weekend it also became apparent that Chinese support for the sector is waning as imports of the metal, wide...Read More
Argentine authorities, industry players and unions are expected to sign this week a long awaited federal mining agreement that unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector.The nation, once a favourite of mining investors, has fallen behind its neighbours Chile and Peru despite containing rich deposits of copper, gold, silver a...Read More
Barrick Gold (TSX, NYSE:ABX) could have prevented the third spill of cyanide solution in 18 months at its Veladero mine in Argentina had it replaced pipes as ordered by local authorities earlier, a judge said.According to El Economista (in Spanish), the Canadian gold miner missed deadlines on three orders from San Juan province authorities, where Veladero is located, including replacing the pip...Read More
* European shares dip with Macron win priced in* Asia shares rise, world stocks hit record, Wall St seen lower* Focus seen shifting to economic fundamentals and ECB tapering* Euro hits six month peak vs dollar before retreating* Copper drops to four-month low as China imports slide* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, May 8 (Reuters) - European stocks...Read More
Investing.com - Gold prices edged up a bit in European trade on Monday, but held near a seven-week low after pro-European Union centrist Emmanuel Macron beat anti-EU, anti-immigration far-rightist Marine Le Pen to clinch the French presidency.Comex gold futures tacked on around $4.00, or about 0.3%, to $1,230.70 a troy ounce by 3:10AM ET (07:10GMT). It fell to an overnight low of $1,221.0, a level...Read More
(Adds company news, futures)May 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 30 points at 7,327 on Monday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* LLOYDS: British bank Lloyds LLOY.L plans to hand the reins to its finance director if the bank's chief executive quits for another job, The Times reported on Monday. CENTRIC...Read More