Gold continues to follow the yen's bullish lead in the near term.Investor uncertainty remains high as gold's safe haven bid returns.A critical test of a benchmark trading level will be made this week.You wouldn't know it by how much stock market volatility has declined in recent days, but investors are still feeling the urge to hedge their bets in what has been a nerve-wracking past two we...Read More
(Recasts lead; adds quotes and details on Rieder's fund; adds byline)By Trevor HunnicuttNEW YORK, Feb 14 (Reuters) - Long-dated bonds "represent a significant risk" as investors focus on signs inflation is rising, a top portfolio manager with BlackRock Inc said on Wednesday.There is a "strong case" for owning short-term U.S. bonds as inflation accelerates, said Rick Rieder, ch...Read More
(Adds background, derivatives and OTC revenue, CEO quote)Feb 15 (Reuters) - Australian Securities Exchange Ltd ,the world's 16th-largest stock market by market capitalisation, said first-half net profit rose 5.0 percent as it experienced a pickup in trading activity in the futures markets.Profit for Australia's dominant bourse operator was A$230.5 million ($182.81 million) for the six months ende...Read More
* Dollar falls as stocks rebound from CPI news* U.S. core CPI posts largest gain in a year (Updates news, quotes, table, prices)By Kate DuguidNEW YORK, Feb 14 (Reuters) - The U.S. dollar fell on Wednesday despite a report of stronger-than-expected inflation data and an increase in interest-rate expectations, raising the possibility that the currency is in a period of secular downturn."We are...Read More
(Corrects to show reversal from 19 months of falling volumes, not seven)* House prices rise 7 pct annually in Jan - REINZ* Sales volumes rise for first time in 19 months* Underscores modest post-election recovery though headwinds loom By Charlotte GreenfieldWELLINGTON, Feb 15 (Reuters) - The New Zealand housing market posted modest price growth in January and sales volumes picked up, snapping 19...Read More
Feb 14 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it has taken a new stake in Teva Pharmaceutical Industries Ltd , significantly boosted its holdings of Apple Inc and has nearly shed a less successful investment in IBM Corp .In a regulatory filing detailing its U.S.-listed stock holdings as of Dec. 31, Berkshire reported owning about 18.9 million of the American deposita...Read More
Gold prices changed course after Wall Street's reverse three-digit slump. USD sell-off backing base metals' recovery Spot gold trades above $1,347.00 a troy ounce, reversing an early slump to 1,317.37, achieved after the release of US inflation. The numbers fueled panic selling amid concerns over US rates rising at a faster than convenient pace. Gold followed suit, as higher rates in the...Read More
Feb 15 (Reuters) - Australian Securities Exchange Ltd ,the world's 16th-largest stock market by market capitalisation, said first-half net profit rose 5 percent as it experienced a pickup in trading activity in the derivatives markets.Profit for Australia's dominant bourse operator was A$230.5 million ($182.81 million) for the six months ended Dec. 31, it said on Thursday, beating a Citigroup esti...Read More
(Updates prices to close)TORONTO, Feb 14 (Reuters) - Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.U.S. consumer prices rose at a faster-than-expected rate in January, raising concerns that the Federal Reserve will accelerate its timetable to raise interest rates this year. *...Read More
The Dow kicked off the session with a triple-digit deficit, as hotter-than-expected inflation data stoked fears of an accelerated pace of Fed rate hikes. In addition, Wall Street digested a surprise 0.3% decline in January retail sales -- the biggest drop in almost a year. Nevertheless, the recent stock market roller-coaster ride continued, with the Dow swinging to a triple-digit gain by the close...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Feb 15 (Reuters) - Australian shares are set to move slightly higher at Thursday's open, following a positive end to Wednesday on Wall Street and higher commodity prices.Oil prices rose on Wednesday after U.S. crude stocks rose less than expected while iron ore futures in key market China climbed to their strongest in three weeks. In the U.S., the S&P 500 gained 1.34 percent. The local share p...Read More
Feb 15 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,841.200-14.700 NZX 50**8,058.800-63.420DJIA**24,893.28252.83NIKKEI**21,154.17-90.51Nasdaq**7,143.615130.105 FTSE**7,213.97 45.96S&P 500** 2,698.69 35.75 Hang Seng** 30,515.6 676.07SPI 200 Fut 5,84555.00 STI** 3,402.86 -12.21SSEC**3,199.4757014.5251700KOSPI** 2,421.83 26.64------------------------------------------...Read More
TORONTO, Feb 14 (Reuters) - Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 111.8 points, or 0.73 percent, to 15,328.27. Seven of the index's 10 main groups were in positive territory. (Reporting by J...Read More
DXY drops hard with VIX and stocks turning around. Investors seeking out safe havens. A sell-off in the greenback that is chasing the drop in the VIX below 20 leaves the DXY -0.39% that is currently trading at 89.35 within a range of between 89.327 - 90.124 for the day so far. The markets are turning around on its head with the benchmarks reversing the CPI data beat that, as expected, sent stock...Read More
(Kitco News)- While all eyes have been on gold’s massive rally Wednesday,the bigger play to come, according to some analysts, could be in silver.April gold futures, settling the session at $1,358, up more than 2% on theday, is seeing its biggest percentage gain in nearly two years. At the sametime, silver prices saw a 2% rally as March silver futures settled the sessionat $16.878 an ounce. B...Read More
Feb 14 (Reuters) - Wall Street surged on Wednesday as investors shrugged offstronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.The Dow Jones Industrial Average rose 254.38 points, or 1.03 percent, to 24,893.83, the S&P 500 gained 35.72 points, or 1.34 percent, to 2,698.65 and the Nasdaq Composite added 130.11 points, or 1.86 percent, to 7,143.62. (Rep...Read More
U.S. stocks have once again erased steep losses, and are now charging higher. Several individual names are making volatile moves, as well, including FAANG stock Netflix, Inc. (NASDAQ:NFLX), cloud communications platform Twilio Inc (NYSE:TWLO), and biotech stock DBV Technologies (NASDAQ:DBVT). Here's a closer look at what shares of NFLX, TWLO, and DBVT are reacting to today.NFLX Stock Has Been Ta...Read More
MUMBAI, Feb 15 (Reuters) - Indian wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business.Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory fili...Read More
(Changes Bridgestone to Bridgewater in 11th paragraph)* Top global hedge fund shows hand on European firms* Bridgewater founder cautioned of global confidence swing* Short positions in Germany, France hit $12 billion By John O'Donnell, Maiya Keidan and Lawrence DelevingneLONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of...Read More