U.S. stocks have erased earlier losses ahead of tomorrow's key inflation update. Several individual names are making big moves, including healthcare stocks Patterson Companies, Inc. (NASDAQ:PDCO) and Henry Schein, Inc. (NASDAQ:HSIC) -- which are stumbling -- while athletic wear stock Under Armour Inc (NYSE:UAA) is having its best day in years. Here's a closer look at what's moving shares of PDC...Read More
PARIS, Feb 13 (Reuters) - French President Emmanuel Macron said on Tuesday he did not care about the nationality of the next head of the European Central Bank, as long as he or she was as competent as its current chief, Mario Draghi.Macron, grilled by reporters on a wide range of topics, also said he hoped the next head of the European Commission would be as ambitious as possible and that placing...Read More
Earnings season has seemingly taken a backseat to the recent stock market sell-off. Nevertheless, mining firms Barrick Gold Corp (NYSE:ABX), Goldcorp Inc. (NYSE:GG), and Kinross Gold Corporation (NYSE:KGC) could be worth watching this week, with all three slated to report earnings after tomorrow's close -- and the trio of gold stocks each staring at stiff monthly losses.Shorts Could Pressure Barri...Read More
Saqib Iqbal Ahmed, Rama Venkat RamanNEW YORK/BENGALURU (Reuters) - Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, causing billions of dollars in losses a year to unwary investors, a law firm representing an “anonymous whistleblower” alleged in a letter to U.S. financial regulators and released on Monday.The letter, to both the U.S...Read More
Roberta RamptonWASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas.Trump’s comments came in a meeting with a bipartisan group of U.S. senators and representatives. Some of the lawmakers urged him to act decisively to save s...Read More
(Updates share, changes headline, adds background)Feb 13 (Reuters) - Wells Fargo & Co Chief Executive Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday, less than two weeks after it disclosed a regulatory sanction related to a long-running sales scandal.Asked whether an asset cap imposed by the U.S. Federal Reserve would have any impact on Wells...Read More
* Dollar edges down versus currency basket* Markets eye U.S. inflation data due on Wednesday* GRAPHIC-2018 asset returns: (Recasts throughout, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 13 (Reuters) - Gold prices rose on Tuesday as the U.S. dollar slipped and markets anticipated the release of impending U.S. inflation data that may offe...Read More
(Kitco News) - Goldpriceswere ending the U.S. day session modestly up Tuesday. A weakening U.S.dollar index early this week is propping up the precious metals markets. Therewas also some mild safe-haven demand featured today, as the U.S. stock market islower, but so far in an orderly fashion. April Comex gold futures were last up$4.70 an ounce at $1,331.00. March Comex silver was last down $0.02 a...Read More
Twitter Inc (NYSE:TWTR) is expected to present at the Goldman Sachs Technology and Internet Conference at 3:30 p.m. ET today. Ahead of the event, TWTR shares are muscling notably higher yet again, and call options on the social media stock are flying off the shelves.So far today, roughly 107,000 TWTR calls have changed hands -- about 1.5 times the norm for this point in the session, and more than...Read More
The shares of software concern NetApp Inc. (NASDAQ:NTAP) are higher today, as analysts wax optimistic on the stock ahead of the company's earnings release tomorrow night. Loop Capital and BofA-Merrill Lynch both upgraded NTAP stock to "buy," with the latter lifting its price target to $74 from $63 -- territory not charted since early 2001, and representing a premium of 26% to the equity's current...Read More
Feb 14 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,855.90 35.20 NZX 50**8,122.22 63.160DJIA24,491.21-110.06 NIKKEI**21,244.68-137.94Nasdaq6,971.577-10.39FTSE**7,168.01 -9.05S&P 500 2,648.36 -7.64 Hang Seng** 29,839.53379.90SPI 200 Fut 5,793.00 0.00STI** 3,415.07 30.09SSEC**3,185.60 31.47 KOSPI** 2,395.19 9.81--------------------------------------------------------...Read More
* Indexes down: Dow 0.48 pct, S&P 0.30 pct, Nasdaq 0.18 pct* U.S. consumer prices and retail sales data due Wednesday* Market rout not impacting economic outlook - Fed's Mester* Under Armour climbs after posting upbeat revenue (Updates prices)By Sruthi ShankarFeb 13 (Reuters) - U.S. stock indexes fell on Tuesday, undoing two strong days of gains that have settled some investor nerves ahead of...Read More
MEXICO CITY, Feb 13 (Reuters) - Mexican markets held steady on Tuesday, with investors awaiting U.S. inflation data that could shine a light on the possible next steps of the U.S. Federal Reserve Bank's monetary policy and future appetite for emerging market assets. In New York, Wall Street's main indexes fell for the first time in three sessions on Tuesday as caution crept in ahead of crucial dat...Read More
Gold upside faces resistance near $1,330. USD-weakness fuelling the up move. US CPI next risk event. The ounce troy of the precious metal is extending the weekly upside and is now testing the $1,330 region, or daily highs. Gold in 4-day tops The offered stance around the greenback is pushing Bullion to test fresh multi-day tops around $1,330 on Tuesday, area coincident with the 10-day sma. The U...Read More
NEW YORK, Feb 13 (Reuters) - The share of investors holding longer-dated U.S. Treasuries equal to their benchmarks rose to its highest in about four months following last week's market turmoil, JPMorgan Chase & Co's latest client survey showed on Tuesday.Benchmark 10-year Treasury yields hit a four-year high of 2.902 percent on Monday on concerns about rising inflation and increased borrowing...Read More
Key Change That Nobody Talks AboutLast week, everyone focused on the stock market sell-off. Reasonably enough, given the pace of the declines. But the analysts failed to pay enough attention to the very important shift. That change may be more important than Trump's victory in the presidential election. Will the critical switch make gold shine - or dull?Three Important Legacies of Yellen's Fed Ten...Read More
MOSCOW, Feb 13 (Reuters) - Russia's Finance Ministry said on Tuesday it would offer 44.26 billion roubles($766.49 million) worth of OFZ treasury bonds at two auctions on Wednesday.The ministry said it would offer 24.26 billion roubles of OFZs maturing in 2033 and 20 billion roubles of OFZs maturing in 2024 . ($1 = 57.7440 roubles) (Reporting by Polina Nikolskaya; Editing by) Disclaimer: The views...Read More
FRANKFURT, Feb 13 (Reuters) - A European parliamentarian from Chancellor Angela Merkel's centre-right Christian Democratic Union (CDU) is leading the race for a job as one of Germany's top banking supervisors, Manager Magazin reported on Tuesday.Burkhard Balz is the favourite to replace Andreas Dombret, the Bundesbank's board member in charge of overseeing banks, when he steps down in April, the m...Read More
BERLIN, Feb 13 (Reuters) - A new German government will not change its policy regarding Britain's looming departure from the European Union, an official said after Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) reached a coalition deal last week.The conservatives and centre-left SPD have agreed they want to renew their 2013-2017 "grand coalition". The SPD's 464,0...Read More
* LME/ShFE arb: * LME tin stocks down 67 percent since Feb last year* Traders watching large holding of LME tin warrants (Adds closing prices)By Pratima DesaiLONDON, Feb 13 (Reuters) - Tin prices rose towards recent one-year peaks on Tuesday, boosted by worries about tighter supplies after data showed falling exports from Indonesia and a weaker dollar, which lifted all base metals on the London Me...Read More