WASHINGTON, Feb 12 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee...Read More
NEW YORK, Feb 12 (Reuters) - U.S. inflation expectations edged lower last month, dulling a year-end rise, according to a Federal Reserve Bank of New York survey published on Monday as financial markets looked to such price measures for direction after a choppy trading week.The survey of consumer expectations, which the Fed considers among other data as it continues to gradually raise interest rate...Read More
(Kitco News) - Goldprices are trading with double-digit gains in late-morningactivity Monday. The safe-haven metal isseeing increased buying interest as the U.S. stock indexes have backed way offtheir overnight highs, with volatility increasing in the indexes. April Comex gold was last up $10.30 an ounce at $1,326.00. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com...Read More
(Kitco News)- The biggest one-day point drop inequity-market history last week wasn’t enough to keep hedge funds intraditional safe-haven assets gold and silver, according to the latest tradedata from the commodity futures trading commission.Analysts have been warning forseveral weeks that a momentum shift was coming in precious metals. Particularlyin gold, the market has been seen as overva...Read More
Mr. Antonio Berlanga reportsTELSON ANNOUNCES CAMPO MORADO MINE 2017 STARTUP OPERATIONAL RESULTS OF 2.4 MONTHS OF DEVELOPMENT, PREPRODUCTION AND INITIAL CONCENTRATE SALESTelson Resources Inc. has successfully startedpreproduction development mining and processing at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Preproduction test milling operations started on Oct. 14, 2017, and the...Read More
Walt Disney Co (NYSE:DIS) is making headlines today, after entertainment giant said it is raising prices for some of its theme park tickets. The company also announced a licensing deal with Alibaba (BABA), which will provide Disney content to BABA's Youku video streaming platform. At last check, the stock had erased its earlier gains to trade down 0.1% at $102.95.The stock has not had a great ye...Read More
Feb 12 (Reuters) - The Baltic Exchange's main sea freight index edged down on Monday, falling for the first time in five sessions due to lower demand for panamaxes and smaller vessels ahead of the Chinese New Year that is also expected to weigh on demand.* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, closed down two points, or 0.18 perce...Read More
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 2.4% to trade at $40.47, thanks to some bullish analyst attention ahead of earnings this week. Specifically, Instinet upgraded CSCO stock to "buy" and hiked its price target to $46, stating, "We believe Cisco's webscale switching wins are durable and its window for a campus switching refresh will extend through 2019." The analyst also hiked quarte...Read More
The Association of Mineral Exploration in British Columbia recently awarded Seabridge Gold (TSX: SEA)(NYSE:SA) the 2017 Robert R. Hedley Award for excellence in social and environmental responsibility at its KSM project, which the company says is one of the largest undeveloped gold projects in the world measured by reserves.Inspired by the work at KSM, Brent Murphy, Seabridge Vice President of Env...Read More
Even as the major stock market indexes suffered their worst week since 2016, Twitter Inc (NYSE:TWTR) stock tacked on an impressive 21.6% last week -- its best single-week performance since February 2015 -- thanks to well-received earnings. This morning, analysts have taken notice, with BMO raising its price target on TWTR stock to $28 from $22. Nevertheless, the new target still represents a disc...Read More
The U.S. stock market is trading higher today -- bouncing back from last week's sharp sell-off. The correction may have created buying opportunities for stock pickers, with Cowen pointing to the retail sector, in particular. The brokerage firm cited strong retail sales and consumer trends, and named Burlington Stores Inc (NYSE:BURL), Foot Locker, Inc. (NYSE:FL), PVH Corp (NYSE:PVH), Ralph Lauren C...Read More
* Indexes up: Dow 1.32 pct, S&P 1.23 pct, Nasdaq 1.15 pct* 10-yr Treasury yields at session lows, VIX in narrow range* CSRA jumps after buyout offer from General Dynamics* Cisco, AmEx move higher on Instinet upgrades* Energy stocks gain as crude prices rise nearly 2 pct (Updates to open)By Sruthi ShankarFeb 12 (Reuters) - Technology and financial shares led Wall Street's three main indexes mor...Read More
By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index recovered on Monday from Friday's five-month low, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks following a brutal week. * The Toronto Stock Exchange's S&P/TSX composite index was up 133.54 points, or 0.89 percent, at 15,168.07 at 10:05 a.m. EST (1505 GMT).* Monday's gains c...Read More
(Kitco News) - Goldprices are scoring solid gains in late-morningaction Monday. Buyers have stepped into the market to do some bargain huntingafter recent selling pressure. A weaker U.S. dollar index on this day, alongwith a rally in the crude oil market, are also working in favor of the preciousmetals market bulls. The safe-haven metal is faring well to start the tradingweek despite a good rally...Read More
Bullion clinched early highs near $1,330. USD-selling behind the up move. Upcoming US data next risk event in the metal. The precious metal is reverting Friday’s pullback and is now posting decent gains in the $1,320/30 band amidst a renewed selling bias around the buck. Gold up on USD weakness The ounce troy of the yellow metal is gathering traction at the beginning of the week following...Read More
CAIRO, Feb 12 (Reuters) - The average yield at auction on Egyptian one-year dollar-denominated treasury bills fell to 3.295 percent on Monday from 3.346 percent at the previous sale on Jan. 8, the central bank said.The bank accepted bills worth $1.075 billion.Appetite for Egypt's domestic debt has grown since the central bank devalued the pound currency in November 2016 as part of a deal for a $12...Read More
Feb 12 (Reuters) - Wall Street's main indexes opened higher on Monday, led by technology and financial stocks, as they attempt to bounce back from their worst week in two years.The Dow Jones Industrial Average rose 215.99 points, or 0.89 percent, to 24,406.89. The S&P 500 gained 22.68 points, or 0.87 percent, to 2,642.23. The Nasdaq Composite added 62.39 points, or 0.91 percent, to 6,936.88. (...Read More
By Nichola SaminatherTORONTO, Feb 12 (Reuters) - Canada's main stock index opened higher on Monday with all 10 sectors posting gains, taking its cue from a positive open in markets around the world.The Toronto Stock Exchange's S&P/TSX composite index opened up 113.57 points, or 0.76 percent, at 15,148.10. (Reporting By Nichola Saminather; Editing by Meredith Mazzilli) Disclaimer: The views ex...Read More
By Ben MartinLONDON, Feb 12 (Reuters) -Financial services business JTC Group is gearing up for a London stock market float that could value the private-equity backed firm at more than 300 million pounds ($414.33 million), according to two sources with knowledge of the matter.Jersey-based JTC, which has buy-out house CBPE Capital as a minority investor, is working with stockbrokers Zeus and Numis t...Read More
(Recasts with Richter plunging, Polish Ciech share falls)By KrisztinaThanBUDAPEST, Feb 12 (Reuters) - Central European stock markets rebounded on Monday from sharp falls last week, with Hungarian drug maker Richter bucking the trend and plunging three percent on adverse news about one of its main products.The region's main stock exchanges jumped following a positive close on U.S. markets on Friday...Read More