Feb 8 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,876.80 43.5NZX 50**8,206.82 12.09DJIA**24,893.35-19.42NIKKEI**21,645.3735.13Nasdaq**7,051.984-63.898 FTSE**7,279.42 138.02S&P 500** 2,681.66 -13.48Hang Seng** 30,323.2 -272.22SPI 200 Fut 5,81222.00 STI** 3,383.77 -22.61SSEC**3,309.5844 -61.07KOSPI** 2,396.56 -56.75---------------------------------------------------...Read More
Feb 8 (Reuters) - Australian shares are set to open slightly higher on Thursday, extending their recovery into a second session as investors grappled with a global exodus from equities. The local share price index futures rose 28 points to 5,818.0, a 58.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.8 percent on Wednesday.New Zealand's benchmark S&P/NZX 50...Read More
TORONTO, Feb 7 (Reuters) - Canada's benchmark stock index closed lower as lower oil and metals prices weighed on energy companies and miners. The Toronto Stock Exchange's S&P/TSX composite index ended the session down 33.35 points, or 0.2 percent, at 15,330.58. (Reporting by Nichola Saminather, editing by G Crosse) Disclaimer: The views expressed in this article are those of the author and ma...Read More
(Adds comment from Fidelity)By Tim McLaughlinBOSTON, Feb 7 (Reuters) - Fidelity Investments has lured an executive from a rival firm to help stem billions of dollars in outflows from its flagship retirement franchise. The mutual fund giant said on Wednesday it had hired AllianceBernstein executive Vadim Zlotnikov to take over its $440 billion global asset allocation division. Zlotnikov will repor...Read More
(Repeats to additional subscribers)* Dollar index rises for fourth straight session* Euro slips on finance minister reports, ECB's Nowotny comments* Wall Street rebounds further from Monday's rout By Stephanie KellyNEW YORK, Feb 7 (Reuters) - The U.S. dollar rose on Wednesday, marking its biggest one-day gain in more than three months against a basket of currencies, even as Wall Street recovered...Read More
WELLINGTON, Feb 8 (Reuters) - Reserve Bank of New Zealand (RBNZ) governor Grant Spencer said on Thursday that recent global market volatility was a "a warning sign" of investor nervousness towards interest rate normalisation.Spencer told journalists that if the recent volatility in equity markets filtered through to interest rate markets, it could pose a risk to the RBNZ's rate projectio...Read More
Feb 7 (Reuters) - U.S. stocks closed lower in an up-and-down session on Wednesday, dragged down by tech and energy shares, as investors adjusted to a more volatile market following wild swings of the past few sessions.The Dow Jones Industrial Average fell 19.7 points, or 0.08 percent, to 24,893.07, the S&P 500 lost 13.51 points, or 0.50 percent, to 2,681.63 and the Nasdaq Composite dropped 63....Read More
Feb 8 (Reuters) - Australia's AMP Ltd on Thursday posted a 114 percent rise in full-year underlying earnings, helped by a recovery in its Australian wealth protection earnings and strong operating earnings growth from AMP Bank.AMP reported underlying earnings of A$1.04 billion ($814 million) for the year ended Dec. 31, up from A$486 million last year. The results topped the average estimate of A$1...Read More
(Adds comment from State Street)By Nate RaymondBOSTON, Feb 7 (Reuters) - U.S. prosecutors on Wednesday brought a new charge against a former State Street Corp executive accused of participating in a scheme to defraud clients by charging them secret commissions on billions of dollars of trades.Ross McLellan, a former executive vice president at the bank, was previously charged in an indictment fil...Read More
It's another volatile session on Wall Street today, with the Dow last seen sporting a triple-digit lead. Among individual stocks moving higher today are Oprah favorite Weight Watchers International, Inc. (NYSE:WTW) and media stock tronc Inc (NASDAQ:TRNC), though burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is struggling once again. Here's a closer look at what's moving shares of WTW,...Read More
BRASILIA, Feb 7 (Reuters) - Brazil's central bank cut interest rates to an all-time low on Wednesday, with a smaller reduction than in previous meetings, hinting at the end of the deepest easing cycle in a decade.The bank's nine-member monetary policy committee, known as Copom, cut the benchmark Selic rate by 25 basis points to 6.75 percent, capping a 750 basis-point decline since October 2016. Th...Read More
BUENOS AIRES, Feb 7 (Reuters) - Argentina sold $4.6 billion in bonds and Treasury notes, the Finance Ministry said on Wednesday, as the government seeks to raise $30 billion in 2018 to finance a primary fiscal deficit seen at 3.2 percent of gross domestic product. The government sold 70.481 billion pesos ($3.58 billion) in one-year peso-denominated bonds, for which it received 74.189 billion pesos...Read More
(Repeats to cover second alert chain)WELLINGTON, Feb 8 (Reuters) - The Reserve Bank of New Zealand kept interest rates on hold on Thursday, as expected, and said economic growth was expected to strengthen due to accommodative policy, a high terms of trade, government spending and population growth.The central bank kept interest rates unchanged at a record low of 1.75 percent, and said that longer...Read More
* Volatility gauge VIX falls, but above recent levels* Tech, energy weigh, industrials gain* Wynn Resorts climbs after Steve Wynn quits as CEO* Dow up 0.23 pct, S&P down 0.13 pct, Nasdaq down 0.64 pct (Updates to late afternoon)By Lewis KrauskopfFeb 7 (Reuters) - U.S. stocks slipped in choppy trading on Wednesday as technology and energy stocks fell, while investors adjusted to a market with g...Read More
WELLINGTON, Feb 8 (Reuters) - The Reserve Bank of New Zealand kept interest rates on hold on Thursday, as expected, and said economic growth was expected to strengthen due to accommodative policy, a high terms of trade, government spending and population growth.The central bank kept interest rates unchanged at a record low of 1.75 percent, and said that longer-term inflation expectations were well...Read More
By Jacob Gronholt-PedersenCOPENHAGEN, Feb 7 (Reuters) - Australia's Macquarie and three Danish pension funds ATP, PFA and PKA have offered to buy Danish telecoms operator TDC for 47 Danish crowns per share, business daily Borsen said on Wednesday, citing several unnamed sources.The consortium sent a letter on Jan. 26 to TDC chairman Pierre Danon offering to buy all of the shares in TDC, the newspa...Read More
(Adds T-bill reaction to debt ceiling deal, updates prices)* Soft demand for $24 bln 10-year note auction* U.S. budget deal boosts growth expectations* Treasury to sell $16 bln 30-yr bonds on Thursday By Karen BrettellNEW YORK, Feb 7 (Reuters) - U.S. Treasury prices dropped on Wednesday after the Treasury Department sold new 10-year notes to soft demand and the U.S. Senate reached a budget deal,...Read More
Source: Bob Moriarty for Streetwise Reports 02/07/2018Bob Moriarty of 321 Gold looks at this gold explorer's drill results for its Nova Scotia project.Did I mention why I love saddle reef deposits and why Anaconda Mining Inc. (ANX:TSX) is my number two favorite gold stock right now? If I forgot, you should go to the press release they put out on Feb 07, 2018. Those are home run holes. The 34.7...Read More
(Adds details)MILAN, Feb 7 (Reuters) - Italy's third-largest bank Banco BPM has stepped up its target for shedding bad debts in an effort to lower them to around 11.5 percent of its total loans by the end of 2020.Banco BPM, which was formed last year by the merger of Banco Popolare with Banca Popolare di Milano, held soured loans equivalent to 21.1 percent of total lending, before writedowns, at...Read More
Shares of Riot Blockchain Inc (NASDAQ:RIOT) are trading up 10.87% at $14.34 -- near the top of the Nasdaq -- after the company issued a letter of intent to purchase digital currency specialist Logical Brokerage. RIOT stock is pacing for its second straight double-digit percentage gain, and bullish options traders are striking while the iron's hot.At last check, 13,728 RIOT calls were on the tape,...Read More