* Japanese utilities snap up cargoes for Feb, March - traders* Temperatures set to dip lower in Japan, South Korea* Supply from Cove Point could weigh on prices By Jessica Jaganathan and Oleg Vukmanovic SINGAPORE, Feb 2 (Reuters) - Asian spot LNG prices eased further this week on expectations of reduced buying but plunging temperatures in Japan, South Korea and China prevented a steep price decli...Read More
Feb 2 (Reuters) - The Baltic Exchange's main sea freight index , ended the week over 10 percent lower on Friday, as rates fell across all vessel segments, pushing the index to near 6-month lows.* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 19 points, or 1.71 percent, at 1,095 points, touching its lowest level since Aug. 10 last yea...Read More
* TSX down 127.48 points, or 0.8 percent, to 15,733.44* All of the TSX's 10 main groups were trading lower TORONTO, Feb 2 (Reuters) - Canada's main stock index fell on Friday as weakness in commodity prices fueled a decline in shares of the heavyweight natural resource sectors.U.S. crude prices were down 1.6 percent to $64.77 a barrel, while Brent crude lost 1.9 percent to $68.36. The energy grou...Read More
The tech sector is in focus today, after industry heavyweights Alphabet Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Apple Inc. (NASDAQ:AAPL) reported earnings last night. Here's a quick earnings roundup for GOOGL, AMZN, and AAPL, and how the FAANG stocks are reacting.Susquehanna Targets 25% Upside for GOOGL StockAlphabet reported lower-than-expected fourth-quarter profit of $9.70 per s...Read More
JOHANNESBURG, Feb 2 (Reuters) - South Africa's central bank has fined China Construction Bank (CCB) 75 million rand ($6 million) for non-compliance with the country's financial intelligence act, it said on Friday."It should be noted that the administrative sanctions were not imposed because CCB was found to have facilitated transactions involving money laundering or the financing of terrorism...Read More
(Adds detail)DUBLIN, Feb 2 (Reuters) - The European Central Bank is normalising policy and whether it ends asset buys in September or winds them down gradually is not a major issue, French central bank chief Francois Villeroy de Galhau said on Friday.Having bought over 2 trillion euros worth of bonds, the ECB is now contemplating whether to wind down the scheme known as quantitative easing after...Read More
Mobile network firm Nokia Oyj (NYSE:NOK) is moving higher again today, just one session after reporting stronger-than-expected fourth-quarter earnings and a positive outlook for 2018. The tech stock has garnered a slew of positive analyst attention today, including an upgrade to "buy" from "neutral" at MKM Partners and five price-target raises. MKM's target hike, to $7.50 from $5.50, represents th...Read More
TORONTO, March 10 (Reuters) - Canada's main stock index declined on Friday as weakness in commodity prices fueled a decline in shares of the heavyweight natural resource sectors. At 9:40 AM EST (1440 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 101.84 points, or 0.64 percent, to 15,759.08. (Reporting by John Tilak Editing by Chizu Nomiyama)Keywords: MARKETS STOCKS/CANADA D...Read More
(Adds reaction from bond holders)By Francesco CanepaFRANKFURT, Feb 2 (Reuters) - Spain's Banco Popular could have been worth more than a billion euros when it was sold to larger rival Santander for just one euro in June, the independent valuation used by authorities to inform the sale showed on Friday.Saddled with bad debt and facing a run on its deposits,Popular became the first bank to be wound...Read More
Stock futures are pointed dramatically lower this morning, with Dow Jones Industrial Average (DJI) futures trading nearly 226 points below fair value after today's nonfarm payrolls report. The U.S. added a stronger-than-forecast 200,000 jobs in January -- and the report appears to have cemented expectations for another rate hike sooner rather than later, with 10-year Treasury yields surging to a...Read More
BRATISLAVA, Feb 2 (Reuters) - Slovakia will offer two bonds maturing in 2031 and 2047 in auctions on Feb. 19, debt management agency ARDAL said on Friday.The indicated amount in the competitive round of the auction is seen at 80 million euros for each paper.A top-up round will follow on Feb. 20.(Reporting by Tatiana Jancarikova; Editing by Jason Hovet) Disclaimer: The views expressed in this arti...Read More
(Kitco News) - Gold and silver markets are trading solidly lower in early U.S. trading Friday,following a better-than-expected U.S. jobs report that boosted the U.S. dollarindex. Both metals’ prices were close to steady just before the important daterelease. April Comex gold futures were last down $10.90 an ounce at $1,337.10.March Comex silver was last down $0.235 at $16.925 an ounce.Frida...Read More
BEIJING, Feb 2 (Reuters) - HNA-Caissa Travel Group Co Ltd , a unit of China's beleaguered HNA Group , said on Friday it would scrap its share private placement plan mainly due to changes in regulations and market conditions. HNA-Caissa Travel had planned to raise up to 3.09 billion yuan ($492 million) via the private placement, which it had revised three times from an original plan for up to 8.0 b...Read More
Exchange operator CME Group reports that metals-tradingvolume averaged a record 763,000 contracts per day in January, up 45%from 525,000 in the same month a year ago. Sequentially, last month’s volumewas up 44% from 531,000 in December. January gold futures and options averagedaily volume was 45% higher year-on-year to 491,000 contracts, while that forsilver rose 48% to 112,000 con...Read More
(Kitco News)- Thegold market has fallen into negative territory on the day as the U.S. labormarket showed stronger-than-expected growth last month.Friday, the Bureau of Labor Statistics said 200,000 jobs were created in January.Economists were expecting to see job gains of 181,000. While the January numbers were better than expected, the report said that November employment was revised down to 216...Read More
NEW YORK, Feb 2 (Reuters) - The U.S. bond market's gauges of inflation expectations added to their earlier rise on Friday as domestic wages recorded their strongest annual increase in more than 8-1/2 years, suggesting inflation may be accelerating. The 10-year inflation breakeven rate, or the yield gap between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, reac...Read More
MOSCOW, Feb 2 (Reuters) - Russian steelmakers are anticipating rising domestic demand in 2018 thanks in large part to Russia's economic recovery, despite expectations that current buoyant global steel prices would edge lower mid-year.Severstal , one of Russia's largest steel producers, posted better-than-expected financial results for the fourth quarter of 2017 on Friday and said it forecast a ris...Read More
BRASILIA, Feb 2 (Reuters) - Brazil has shelved a planned railway to ship commodities destined for China through Peru as it was too costly and faced "absurd" engineering challenges, a Brazilian official said.The 5,000-km (3,300-mile) railway over the Andes to the Pacific coast, announced during a visit by President Xi Jinping in 2014, was meant to speed up soybean and iron ore exports to...Read More
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) reportstwo fatalities occurred in an accident at the Gualcamayo mine in Argentina.Officials say the incident involved two employees of a local contractortraveling in a truck on an access road at the Las Vacas exploration site, butfurther details and exact cause are not known at this time. An investigationhas begun. “On behalf of everyone at Yamana,...Read More
Equities aregetting clobbered again this morning as volatility is back. This week, theequities have had 300-point ranges everyday showing price volatility. Themetals have been active as well but remain in a consolidation range indicatingthey are setting up a big move as well.The mostinteresting item of the week, with the equities seeing increasing fear,interest rates at 4-year highs, gold and...Read More