Wow.Firstly: how did pollsters get it so wrong?Second: what an interesting reaction.As we all saw, the markets threw a fit when it started to look like Trump was going to win. Gold gained as much as 5.5% to touch $1,337 per oz., US futures fell sharply (Dow Jones Industrial Average futures were down as much as 5% at one point), the US dollar lost 1.5% in a flash, and other safe havens like the Swi...Read More
* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 4 percent, copper falls (Adds U.S. open; changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 4 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technol...Read More
* Graphic: sterling year-to-date http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Nov 15 (Reuters) - The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.S. presidential election.China's yuan CNY=CFXS , which like other Asian currencie...Read More
Investing.com - Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $4.95, or 0.4%, to $1,226.55 a troy ounce by 2:55AM ET (07:55GMT), after falling t...Read More
(Adds futures, company news items)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, with futures FFIc1 up 0.31 percent ahead of the cash market open.* 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 utilitie...Read More
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