* U.S. 10-year yield posts longest weekly losing streak* Year-over-year U.S. wage growth strongest since 2009* Fed's Williams calls for rate hikes as economy improves* U.S. 2-year yield dips on safe-haven bids as Wall St sags (Updates market action, adds quotes)By Richard LeongNEW YORK, Feb 2 (Reuters) - A strong U.S. payrolls report on Friday raised concerns the Federal Reserve might hasten to in...Read More
(Adds comment, bitcoin futures, details, table, byline)By Gertrude Chavez-DreyfussNEW YORK, Feb 2 (Reuters) - Speculators' net short U.S. dollar bets increased in the latest week to their highest since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of Internatio...Read More
(New throughout, adds analyst comment, background on company)By Liana B. Baker and Sonam RaiFeb 2 (Reuters) - Computer maker Dell Technologies Inc said on Friday it was considering a public offering of common stock or a combination with business software maker VMware Inc , its publicly held subsidiary.Dell, the world's largest privately held technology company, is under pressure to boost profitab...Read More
After reporting a fourth-quarter earnings beatlast Monday night, online streaming service Netflix, Inc. (NASDAQ:NFLX) gapped higher, and hit a new record high of $286.81 one week later. But while the stock has since pared some post-earnings gains amid widespread selling pressure, data provided by Schaeffer's Senior Quantitative Analyst Rocky White suggests outperforming NFLX might still be the be...Read More
TORONTO, Feb 2 (Reuters) - Canada's main stock index slumped to a four-month low on Friday, with resource and marijuana shares leading broad based declines as higher bond yields pressured global equity markets.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 254.89 points, or 1.61 percent, at 15,606.03, its biggest drop since May. All of the index's 10 main groups...Read More
Metal falls to the lowest in two weeks. USD extends gains after upbeat NFP. The rally of the US dollar and rising US bond yields pushed gold sharply to the downside. The US official employment report triggered an appreciation of the greenback and boosted US bond yields. Labor market data showed that wages rose in January at the fastest rate since 2009. Those numbers could antic...Read More
NEW YORK, Feb 2 (Reuters) - Speculators' net short U.S. dollar bets increased in the latest week to their highest since around mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators in the yen, euro, British pound, Swiss fran...Read More
(Kitco News) - Sorry folks, PunxsutawneyPhil, the famous weather pontificating groundhog, saw his shadow, which meansthere is still six more weeks of winter left. And on the topic of loomingshadows, gold prices are looking to end the week in negative territory withanalysts saying that gold could be entering a consolidation phase, faced withan uncertain outlook. The price action is a suddentu...Read More
SAN FRANCISCO, Feb 2 (Reuters) - The U.S. Federal Reserve should continue to raise interest rates to prevent an overheating in an economy buoyed by strong financial conditions, global growth and the Trump administration's tax cuts, a top policymaker said Friday. But San Francisco Federal Reserve Bank President John Williams, in his first public comments since the Fed left rates unchanged after its...Read More
AUSTIN, Texas, Feb 2 (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Friday that he has grown more confident the U.S. central bank will need to raise rates three times this year."I think I feel more strongly that it should be three," Kaplan told reporters in Austin, Texas, adding that employment data released earlier in the day was consistent with his views on the U.S....Read More
* U.S. dollar rises after jobs data, pares gains later* Euro falls against greenback* Yen inversely tracks with U.S. bond yields (Updates prices, market activity, adds commentary)By Stephanie KellyNEW YORK, Feb 2 (Reuters) - The U.S. dollar rose on Friday against a number of currencies including the Japanese yen and the euro after strong national jobs data, but the greenback later pared gains and...Read More
Continued dollar weakness is keeping gold's turnaround alive.Infrastructure spending would likely benefit gold as well.Other major factors remain supportive for the intermediate-term outlook. As the gold price continues its three-week-old lateral consolidation, sentiment remains mixed between those who believe the dollar is long overdue a relief rally and those who see the dollar's decline con...Read More
Peru will strengthen its position as one of the top five gold and silver producing countries in the world if it makes the most of the reserves of these two metals identified in its territory, said the National Society of Mining, Oil and Energy (SNMPE).The non-profit organization formed by major mining and energy companies operating in Peru reported that the country is currently the leading gold pr...Read More
(Adds Breakingviews link)* Nonfarm payrolls increase by 200,000 in January* Unemployment rate unchanged at 4.1 percent* Average hourly earnings rise 0.3 percent* Average hourly earnings increase 2.9 percent year-on-year By Lucia MutikaniWASHINGTON, Feb 2 (Reuters) - U.S. job growth surged in January and wages increased further, recording their largest annual gain in more than 8-1/2 years, bolste...Read More
After settling last week at record highs -- sending up a sobering sentiment signal in the latest Investors Intelligence (II) survey -- the U.S. stock market pulled back as reports that Apple halved its iPhone X production target weighed, and news of a high-profile healthcare initiative sent pharmacy stocks and health insurers spiraling. While Boeing earnings provided a brief respite from the selli...Read More
AUSTIN, Texas, Feb 2 (Reuters) - The U.S. economy will show further signs of inflation pressure in 2018 and the Federal Reserve should continue raising interest rates, Dallas Federal Reserve President Robert Kaplan said on Friday."You will see some inflation pressure this year," Kaplan said told a conference in Austin, Texas. "I believe that the Fed should be removing accommodation...Read More
U.S. stocks are sharply lower this afternoon, as the major equity indexes appear on track for their worst weekly losses in two years. Among the stocks making notable moves today are tech stock Impinj Inc (NASDAQ:PI), drug stock Viking Therapeutics (NASDAQ:VKTX), and GoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA). Here's a closer look at what's moving shares of PI, VKTX, and AMBA today.Weak Ou...Read More
By Vince Lanci for Soren K.Group. Edit- we are writing this on the road and haven'tthe time to insert links. Feel free to click on the Soren K. group icon for our stories if you wish to find the items referred to. Thanks. 1-We've written here in October that a volatility indicator we use was cycling on its lows. This implied the market was due for a range break out on the monthly chart. 2-...Read More
Getty ImagesThe biggest problem companies face these days is finding enough skilled workers to fill a near-record number of job openings. The numbers: The U.S. created 200,000 new jobs in the first month of 2018, showing that companies are still hungry to hire more than eight years after an economic expansion began. Even better, worker pay also rose at the fastest yearly pace since 2009. The inc...Read More
MOSCOW, Feb 2 (Reuters) - Russian anti-monopoly service has allowed the mid-sized gold miner GV Gold to acquire Zoloto Kamchatki and other gold assets from Russian businessman Viktor Vekselberg and his partners, the service said in a statement on Friday.(Reporting by Oksana Kobzeva; writing by Polina Devitt; editing by Katya Golubkova)Read More