(Bloomberg) -- The sell-off in global stocks that briefly looked to have ended mid-week has come back, tipping markets from the U.S. to Asia into declines exceeding 10 percent from their January highs . China, where retail investors dominate, got hit particularly hard Friday.Equity traders have yet to get comfortable with a jump up in benchmark U.S. 10-year yields to their highest in four years, a...Read More
(adds analyst comment, updates prices)BEIJING, Feb 9 (Reuters) - Copper prices fell in London and Shanghai on Friday, extending recent declines following a renewed plunge in global equity markets and another big rise in copper inventories.The losses have put three-month London Metal Exchange (LME) copper, which is now trading below the $7,000 a tonne mark that had provided support so far in 2018,...Read More
2/2(Bloomberg) -- The dread that gripped equity markets earlier in the week re-emerged Thursday as U.S. stocks plunged on concern that rising interest rates will drag down economic growth.U.S. stocks fell to two-month lows after a nine-day swoon, erasing their gains for the year. Thursday’s 3.8 percent loss took the S&P 500 Index’s decline since its Jan. 26 record past 10 percent,...Read More
(Updates with closing U.S. market levels, adds emerging market ETF)* Wall Street indexes end sharply higher after day of big swings* European shares end down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - The U.S. benchmark S&P 500 stock index closed more than 1.0 percent higher after a sharply volatile session on Tuesday, recovering from the biggest...Read More
(Updates with closing U.S. market levels)* Wall St indexes ends sharply higher after day of big swings* European shares end down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks posted strong gains after a sharply volatile session on Tuesday, recovering from the biggest one-day declines in the Dow and S&P 500 in more than six years, while c...Read More
(Updates to late afternoon U.S. trading, adds oil settlements)* Wall St indexes still experiencing big swings* Nikkei ends down 4.7 pct, European shares down 2.5 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks reversed course again to trade more than 1 percent higher by late afternoon Tuesday, a day after the Dow and S&P 500 indexes saw their...Read More
(Updates to early afternoon U.S. trading, adds volatility index)* Wall St indexes experiencing big swings* Nikkei ends down 4.7 pct* Oil and industrial metals fallBy Caroline ValetkevitchNEW YORK, Feb 6 (Reuters) - U.S. stocks were down moderately in early afternoon trading on Tuesday but were swinging wildly between positive and negative territory, a day after the Dow and S&P 500 indexes saw...Read More
Investing.com - Gold prices edged lower to start the week on Monday, as investors reacted to data from the U.S. Labor Department showing wages last month recorded their largest annual gain in more than 8-1/2 years.The data contributed to the sentiment that inflation is picking up and higher interest rates are on the horizon.Comex gold futures were a touch lower at $1,336.10 a troy ounce by 3:15AM...Read More
Investing.com - Gold prices fell on Friday as the dollar strengthened after the latest U.S. jobs report showed that the economy added more jobs than forecast in January and wage growth accelerated.Gold futures for April delivery settled down 0.91% at $1,335.70 on the Comex division of the New York Mercantile Exchange. For the week, prices were down 1.47%.Prices of the precious metal have fallen ba...Read More
(Bloomberg) -- The Dow Jones Industrial Average tumbled 600 points in the biggest plunge since Donald Trump’s election, as a rout in the bond market spilled into equities.Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years. The selling accelerat...Read More
Feb 2 (Reuters) - India's top aluminium producer Hindalco Industries Ltd HALC.NS reported a 17.7 percent rise in quarterly profit on Friday, helped by higher metal prices.Profit rose to 3.77 billion rupees ($59.11 million) in the third quarter ended Dec. 31, from 3.21 billion rupees a year earlier. from operations for the company, which also manufactures copper products and fertilisers, rose 11...Read More
Investing.com - Gold prices edged lower on Thursday, after the Federal Reserve left interest rates unchanged but hinted at hikes later this year.Comex gold futures were a touch lower at $1,343.10 a troy ounce by 3:15AM ET (0815GMT).At Fed Chair Janet Yellen's last policy meeting as head of the central bank, the Fed announced it was holding rates steady, a move that was widely expected, but said in...Read More
(Adds company news and futures)Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23 points higher at 7,556.3 on Thursday, according to financial bookmakers, with futures FFIc1 up 0.42 percent ahead of the cash market open.* GLENCORE: Glencore GLEN.L on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo r...Read More
Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23 points higher at 7,556.3 on Thursday, according to financial bookmakers.* GKN/MELROSE: Melrose Industries MRON.L is preparing to publish the formal offer document detailing its 7.4 billion-pound hostile bid for British engineer GKN GKN.L on Thursday, according to a source close to the situation. BHP: Global miner BHP BHP.AX BLT....Read More
Investing.com - Gold prices declined on Tuesday, extending losses into a third session, as traders awaited a U.S. Federal Reserve policy meeting for fresh catalysts.Comex gold futures were down around $6.00, or 0.5%, to $1,334.40 a troy ounce by 3:10AM ET (0810GMT). It fell to a one-week low of $1,332.80 in overnight trade.Meanwhile, silver futures shed 6.2 cents, or 0.4%, to $17.06 a troy ounce,...Read More
Investing.com - Gold prices edged lower to start the week on Monday, pulling further back from a 17-month high as the U.S. dollar recovered somewhat from last week's turbulence, prompted by conflicting comments from the Trump administration at Davos.Comex gold futures slumped around $7.00, or 0.5%, from the last session's closing price to $1,345.60 a troy ounce by 2:55AM ET (0755GMT). It climbed t...Read More
Investing.com - Gold prices ended lower on Friday but remained in sight of the previous day’s 17-month peak as the U.S. dollar was pressured by data pointing to slower U.S. economic growth and comments by a senior U.S. official backing a weaker currency.Gold futures for February delivery settled down 1.06% at $1,348.40 on the Comex division of the New York Mercantile Exchange.For the week, g...Read More
(Bloomberg) -- Copper mining deals are off to the best start in at least 12 years -- and more money could be pouring into the sector this year.More than $500 million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger interest is picking up after years of under-investment limited mining companies’ capaci...Read More
Investing.com - Gold prices were hovering near after four-month highs on Thursday, propelled higher by a weaker dollar, which hit fresh three-year lows after the Trump administration signaled that it preferred a weaker currency.Comex gold futures were at $1,357.80 a troy ounce by 04:15 AM ET (09:45 AM GMT), after rising as high as $1,365.40 overnight, the strongest level since August 2.The U.S. do...Read More
(Adds company news and futures)Jan 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points lower at 7641.6 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.33 percent ahead of the cash market open.* DECHRA: Veterinary firm Dechra Pharmaceuticals Plc DPH.L said it would buy the Netherlands-based AST Farma and Europe-focused Le Vet for 340 million euros ($422....Read More