Feb 1 (Reuters) - Stock MarketsNet Chng Stock MarketsNet ChngS&P/ASX 200** 6,037.70 14.90NZX 50**8,420.04 -21.97DJIA**26,149.3972.50NIKKEI**23,098.29-193.68Nasdaq**7,411.4829.00 FTSE**7,533.55 -54.43S&P 500** 2,823.81 1.38 Hang Seng** 32,887.27279.98SPI 200 Fut 5,978.0-3.0 STI** 3,533.99 -14.75SSEC**3,481.5094 -6.50KOSPI** 2,566.46 -1.28-----------------------------------------------------...Read More
(Adds details, comment from Energy Fuels, Congressman Grijalva)By Valerie VolcoviciWASHINGTON, Jan 31 (Reuters) - U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m....Read More
TORONTO, Jan 31 (Reuters) - Canada's main stock index inched down on Wednesday to close at its lowest level in eight weeks, as global equity investors drew back after the U.S. Federal Reserve indicated more rate hikes were in store.The Toronto Stock Exchange's S&P/TSX composite index slipped 3.84 points, or 0.02 percent, to 15,951.67. (Reporting by Nichola Saminather; Editing by Peter Cooney)...Read More
By Walter BianchiBUENOS AIRES, Jan 31 (Reuters) - Argentine companies are rushing to list shares on U.S. exchanges beginning this week to beat an expected hike in interest rates by the U.S. Federal Reserve, analysts said, while taking advantage of an improved investor climate under President Mauricio Macri after years of populist rule.Airport operator Corporaci??n Am?(C)rica Airports and power gen...Read More
Feb 1 (Reuters) - Australian shares are poised to slide on Thursday, pressured by a fall in iron ore prices that could hurt related commodity stocks and by a decline on Wall Street, following hawkish comments by the U.S. Federal Reserve.Iron ore on the Dalian Commodity Exchange fell 1.4 percent at 510 yuan on Wednesday.Meanwhile, U.S. stocks reversed from gains earlier in the session to trade lowe...Read More
WELLINGTON, Feb 1 (Reuters) - Job advertisements in New Zealand jumped 3.1 percent in January, the largest monthly rise in three years, a survey by ANZ Bank showed on Thursday.Gains were led by the construction and manufacturing sector, amid severe skill shortages as the country goes through a building boom.Areas outside the main cities, such as the West Coast and Southland, saw the fastest growth...Read More
NEW YORK, Jan 31 (Reuters) - U.S. stocks finished little changed on Wednesday as indexes gave up early gains after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.The Dow Jones Industrial Average rose 72.57 points, or 0.28 percent, to 26,149.46, the S&P 500 gained 1.4 points, or 0.05 percent, to 2,823.83 and the...Read More
Copper was one of the best-performing commodities in 2017, skyrocketing more than 30 percent. In this video, I share my insight on growing copper demand due to a massive push for electric vehicles and clean energy in Asian markets, specifically China. With rising global GDP and positive purchasing manager's index (PMI) data, I believe electric vehicle demand will continue surging and investors mig...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Gold price closes barely above immediate-term trend line.U.S. dollar index is trying to bottom, however, which is pressuring gold.The outcome of this fight will likely be determined this week.Gold fell to a one-week low on Tuesday as the U.S. dollar showed signs of firming up. Some profit taking after gold's impressive 6-week rally was also in evidence. In this commentary we'll discuss gold's near...Read More
Visa Inc (NYSE:V) has stormed into the new year, on track for its seventh straight monthly win. The blue chip financial firm is scheduled to report fourth-quarter earnings after tomorrow's close, and the stock could be on the cusp of a historically bullish month. Below, we will take a closer look at how Visa has been faring on the charts, and how options traders are speculating on the Dow stock.A...Read More
(Adds comment on HNA partially repaying loan made by Swissport to affiliate)ZURICH, Jan 31 (Reuters) - Ground services and cargo handling group Swissport, a unit of cash-strapped Chinese conglomerate HNA Group , said it has secured a 325 million euro ($403 million) financing commitment from Barclays to support its acquisition of Australian ground handler Aerocare.The deal is now set to complete o...Read More
* Dollar turns positive after Fed meeting ends* Greenback still set for biggest monthly decline since March 2016* Euro falls after Fed statement, hovers near flat (New throughout, updates prices, market activity, adds commentary)By Stephanie KellyNEW YORK, Jan 31 (Reuters) - The U.S. dollar turned positive on Wednesday after the Federal Reserve left interest rates unchanged but said it expected in...Read More
MEXICO CITY, Jan 31 (Reuters) - Risks to Mexican inflation require timely and firm monetary policy action, the country's central bank said on Wednesday, supporting expectations the bank could hike rates in February.In an annual report to Congress the Bank of Mexico said it expected inflation to moderate and gradually converge towards its 3 percent target during 2018. (Reporting by Anthony Esposito...Read More
David LjunggrenOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the $1.2 trillion trade pact.Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to revamp the North American Free Trade Agreemen...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD REPORTS LAST DRILL RESULTS FOR 2017 AND START OF 2018 DRILLING AT PAMLICO GOLD PROJECT, NEVADANewrange Gold Corp. has released final drill results for holes P17-33 through P17-40, the last eight holes from the 2017 Pamlico phase II drill program. Drill holes P17-33, 34 and 35 all contain significant oxide gold intercepts that confirm and extend high-grade...Read More
Bullion trades in black figures after two days with losses. Softer USD gives support to the move. (Expected) hawkish Fed could weigh on Gold. The ounce troy of the yellow metal is posting decent gains around the $1,340 area on Wednesday amidst a continuation of the selling bias surrounding the buck. Gold attention now to FOMC After two consecutive sessions in the red territory, Bullion is now st...Read More
Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week. Prices for the yellow metal then headed lower in electronic trading. The Fed left a short-term U.S. interest rate unchanged as expected, but also said it expects inflation "to move up this year" in a sign it's likely to...Read More
By Saqib Iqbal AhmedNEW YORK, Jan 31 (Reuters) - Options market traders expect shares of the biggest U.S. technology companies, including Apple Inc and Facebook Inc , to react more strongly to quarterly results than they have on average over the past two years, data showed on Wednesday.Expectations for increased turbulence in stock trading rises ahead of earnings, but traders have bid up volatilit...Read More
By Trevor HunnicuttNEW YORK, Jan 31 (Reuters) - U.S. fund investors ignored rising bond yields and stomped into the markets in the days leading up to an equity selloff this week, Investment Company Institute (ICI) data confirmed on Wednesday.Some $40 billion rolled into U.S.-based mutual funds and exchange-traded funds (ETFs) during the week ended Jan. 24, the most on ICI's records dating to 2013,...Read More