* STOXX 600 up 0.1 pct* France's CAC pauses for breath* AMS jumps after results* Dior up after buyout deal (Adds detail and quotes, updates prices)By Kit ReesLONDON, April 25 (Reuters) - Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now.The pan-European STOXX 600 .STOXX index was up 0.1 percent, on track for...Read More
(Adds company news, futures)April 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* WHITBREAD: Britain's Whitbread Plc WTB.L , which runs the Costa Coffee chain and Premier Inn hotels, said it expected the consumer environment to deteriorate next year. VIRGIN...Read More
Investing.com - Gold prices were lower in European trading on Tuesday, edging down for the second straight session as investor sentiment remained skewed toward riskier assets in the wake of the French election results on Sunday.Comex gold futures shed $4.10, or around 0.3%, to $1,273.40 a troy ounce by 2:45AM ET (06:45GMT). Meanwhile, spot gold was at $1,272.30, down 0.2%.The yellow metal lost $11...Read More
April 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 18 points on Tuesday, according to financial bookmakers.* BRITAIN/EU: The snap general election called by British Prime Minister Theresa May will reduce the already limited time available to negotiate a Brexit deal, an influential EU lawmaker said on Monday. International Consolidated: Spanish airline Iberia could open a new ea...Read More
World number two gold producer Newmont Mining (NYSE: NEM) announced first quarter 2017 results on Monday that show adjusted net income of $133 million or $0.25 per diluted share and a 20% jump in year on year earnings to $566 million.The Denver-based company increased net operating cash flow from continuing operations to $379 million and free cash flow to $199 million, up $322 million from the...Read More
Anglo American's (LON:AAL) iron ore output climbed more than 20% in the quarter ended in March thanks to improved productivity rates at its South Africa's Kumba division and the continued ramping-up of its massive Minas Rio in Brazil.The world's number five diversified miner revealed Monday it produced 14.8 million tonnes of iron ore in the first quarter, up from the 12.3 million tonnes it report...Read More
(Adds company news items, futures)April 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 39 points at 7,153 on Monday, according to financial bookmakers, with futures FFIc1 up 1 percent ahead of the cash market open.* ANGLO: Anglo American AAL.L on Monday reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 per...Read More
Investing.com - Gold prices were down sharply in European trading on Monday, as investors dumped safe-haven assets after results showed centrist candidate Emmanuel Macron won the first round of the French presidential election.Comex gold futures shed $16.80, or around 1.3%, to $1,272.34 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was at $1,271.20.The yellow metal fell by as much as...Read More
April 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 39 points at 7,153 on Monday, according to financial bookmakers.* RIO TINTO: Freeport McMoRan Inc FCX.N collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by U.S. Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta...Read More
Nearly three years after a tailings dam at Mount Polley copper-gold mine in British Columbia breached, mine owner Imperial Metals (TSX:III) has been granted a water discharge permit from the B.C. government that will allow the company to flow treated mine wastewater into Quesnel Lake.CBC News reported last week that the BC Liberal government, which faces an election on May 9, approved the long-ter...Read More
Investing.com - Gold prices edged higher on Friday as investors remained cautious ahead of the first round of voting in the presidential French election, underpinning safe haven demand for the precious metal.Gold for June delivery settled up 0.13% at $1,285.5 on the Comex division of the New York Mercantile Exchange. For the week, gold futures were down 0.81%.Polls indicated that centrist Emmanuel...Read More
BHP Billiton's (ASX: BHP) (LON:BLT) leading investors are pressing the company's management not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.Speaking to Financial Times (subs. required), Aberdeen Asset Management, the third-largest shareholder in BHP's London-listed arm, said a demerger...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, said copper output dropped in the first quarter of the year due to a strike at its 30%-owned Escondida mine in Chile and Indonesian regulatory changes.The mining giant revealed copper production for the first three months of the year slumped 37% compared with the same period last year to 84,200 tonnes, adding it had cut its production fo...Read More
* France's CAC down 0.4 pct, lags Europe* Software AG top gainer after results* European earnings kick off in earnest next week (Adds details, updates prices)By Kit ReesLONDON, April 21 (Reuters) - French blue-chip stocks underperformed other European benchmark indexes on Friday as investors retreated from risky bets ahead of the too-close-to-call first round of France's presidential election. C...Read More
(Adds details, updates prices)By James ReganSYDNEY, April 21 (Reuters) - Zinc led a near across-the board rise in Shanghai base metals futures on Friday on the back of robust gains in overnight London trading and buoyant equity markets.Traders said broader positive sentiment on the outlook for industrial commodities in China also pushed future contracts along.ShFE tin SSNcv1 was the only laggard,...Read More
Investing.com - Gold prices edged lower on Friday, but the precious metal's downside was expected to remain limited amid overall caution in the markets after a terrorist attack in Paris killed one person late Thursday and ahead of Sunday's first round in the French presidential election.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.22% at $1,...Read More
Goldcorp (TSX:G) (NYSE:GG), the world's No.3 gold producer by value, has formally began the acquisition of fellow Canadian Exeter Resource (TSX:XRC), one of the several deals announced last month, which included the creation of a partnership with Barrick Gold (TSX, NYSE:ABX) in Chile's gold belt.The Vancouver-based miner said Exeter shareholders will be entitled to receive 0.12 of a common share o...Read More
The vast majority of American voters are unaware of the environmental and technological advancements of today's mining industry according to new polling, suggesting mining's legacy skews perceptions.A new poll by Morning Consult for the US National Mining Association (NMA) shows less than 10 percent of voters could assess the scale of emissions reductions that have been achieved in coal-powered pl...Read More
(Updates with U.S. markets, changes comments, dateline from previous LONDON)* Wall St boosted by earnings* Euro shorts close positions, traders sayBy Rodrigo CamposNEW YORK, April 20 (Reuters) - The euro and stocks on major markets recovered on Thursday as a market-friendly presidential candidate held the lead ahead of Sunday's first-round election in France, while the yen and U.S. Treasury prices...Read More
(Adds company news, futures)April 20 (Reuters) - Britain's blue chip FTSE 100 .FTSE index is seen opening down 0.16 percent at 7103 points on Thursday, according to financial spreadbetters, with futures FFIc1 down 0.1 percent ahead of the cash market open.* ACACIA: Acacia Mining ACAA.L reported a 15 percent rise in its first-quarter gold production on Thursday but said sales undershot due to a ban...Read More