PARIS, Jan 30 (Reuters) - France will include the estimated value of its illegal drugs trade in calculating its gross domestic product starting in May, the INSEE statistics institute said on Tuesday, in a move that could add more than 2 billion euros to the size of the economy.The move comes as part of a broader revision of France's methodology for calculating key economic data and also includes c...Read More
By Bruno FederowskiSAO PAULO, Jan 30 (Reuters) - Latin American currencies mostly weakened on Tuesday ahead of a Federal Reserve policy meeting this week that could bolster expectations of higher U.S. interest rates going forward.The Fed will publish its policy statement on Wednesday following a two-day meeting. Some economists expect it to raise its economic assessment, which would strengthen exp...Read More
The shares of Dick's Sporting Goods Inc (NYSE:DKS) made an impressive run higher since their early November lows, but have recently run into multiple layers of resistance. For instance, the stock is backing down from its descending 200-day moving average, and failed in the key $35 region, which is significant for many reasons. This area is where DKS was trading before a major bear gap in August, a...Read More
* List does not automatically lead to sanctions* Total of 210 people on the list* No report on Russian state debt published (Adds quotes, details, background)By Polina Devitt and Katya GolubkovaMOSCOW, Jan 30 (Reuters) - Russia's elite on Tuesday shrugged off U.S. publication of a sweeping list of oligarchs close to the Kremlin as simply a "telephone directory" of the rich, though a Krem...Read More
KIEV, Jan 30 (Reuters) - The Moldovan central bank has decided to keep its main interest rate unchanged at 6.5 percent, data published on its website showed on Tuesday.The central bank last changed rates in early December, when it lowered the key rate by half a percentage point. (Reporting by Alessandra Prentice; Editing by Gareth Jones) Disclaimer: The views expressed in this article are those...Read More
* Dollar reverses gains from Monday* Euro, Japanese yen up* Traders await Fed meeting announcement, jobs report (Updates to U.S. market open; changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 30 (Reuters) - The dollar fell on Tuesday, reversing its gains from the day before, as traders awaited a Federal Reserve meeting announcement on Wednesday, while major currencies suc...Read More
Healthcare stocks are in focus today, with the sector sinking on news of a massive Amazon (AMZN) partnership aimed at driving down employee healthcare costs. Even Dow stock Pfizer (PFE) is trading lower this morning, despite an earnings beat. What's more, the next month could be ugly for fellow blue-chip pharma stock Merck & Co., Inc. (NYSE:MRK), if past is prologue. Below, we outline the 25 worst...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE COLLECTS OVER 17,000 DETAILED SOIL SAMPLES IN PROPERTY-WIDE SURVEY AT JUAN DE HERRERA PROJECT, DOMINICAN REPUBLICPrecipitate Gold Corp. has completed a nearly property-wide detailed soil sampling program on its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.Over a four-month period, ending in December, 2017, field crews collected a total...Read More
GOLD (in USD) Declining. Gold is declining after strong increase initiated in 12/12/2017. Hourly support is at 1'331 (23/01/2018 low) while additional support is given at 1'323 (12/01/2018 low). Expected to show short-term upside moves. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm i...Read More
MOSCOW, Jan 30 (Reuters) - Russia's largest lender Sberbank plans to start trading cryptocurrencies outside Russia in order to avoid violating domestic rules, the bank's Head of Global Markets Andrey Shemetov said on Tuesday.Russian authorities have said they will not legalise digital currencies such as Bitcoin as a means of payment in Russia and are still working on ways to regulate cryptocurrenc...Read More
The U.S. stock market is on track for its second day of sharp losses, but not all of the day's action is to the downside. Among stocks trading in positive territory are airlines United Continental Holdings Inc (NYSE:UAL), JetBlue Airways Corporation (NASDAQ:JBLU), and Hawaiian Holdings, Inc. (NASDAQ:HA), following a round of positive analyst attention. Here's a closer look at how shares of UAL, JB...Read More
Amazon.com, Inc. (NASDAQ:AMZN) has shaken up the healthcare sector today. The online retailer announced earlier that it will be teaming up with Berkshire Hathaway (BRK) and JPMorgan Chase (JPM) to provide cheaper healthcare for their U.S. employees, through an independently created firm. However, ahead of earnings later this week -- and despite upbeat analyst attention -- AMZN stock is lower this...Read More
(Kitco News)- The gold market is holding on to modest gains despiteconsumer confidence holding near historic highs.Tuesday, the U.S. Conference Board, said that is ConsumerConfidence Index increased to a reading of 125.4, up from December’s reading of122.1 and beating expectations. According to consensus forecasts, economistswere expecting a reading around 123.2.Looking at some of the compon...Read More
(Kitco News)- Three majorEuropean banks have been fined by the Commodity Futures Trading Commission for“spoofing” and manipulating gold and silver markets.The CFTC announcedMonday that Deutsche Bank, UBS and HSBC face fines totaling $46.6 million.Deutsche Bank was the hardest hit as it was fined $30 million. UBS was orderedto pay $15 million and HSBC was fined $1.6 million.Spoofing, ac...Read More
Aetna Inc (NYSE:AET) and Community Health Systems (NYSE:CYH) are bothlower this morning, along with a host of other healthcare stocks, after news of the big team-up between Amazon.com, Berkshire Hathaway and JPMorgan Chase to provide cheaper healthcare options for employees. Below, we will take a look at what this bombshell is doing to shares of AET and CYH. Aetna Stock Retreats From Record H...Read More
Shares of Intel Corporation (NASDAQ:INTC) and World Wrestling Entertainment, Inc. (NYSE:WWE) have gotten off to exceptionally strong starts to 2018. This outperformance has evidently grabbed Wall Street's attention, with both stocks enjoying bullish brokerage attention this morning. Let's take a quick look at INTC and WWE below. Citigroup Thinks Intel Can Rally Another 17%Intel stock is trading 0...Read More
It was a brutal year for the United States Natural Gas Fund (UNG) in 2017, as the exchange-traded fund (ETF) shed more than 37% of its value over the course of that 12-month stretch. In fact, the fund was trading around $5 at the start of 2018, just prior to a reverse 4-for-1 share split executed after the close on Jan. 4 -- which accomplished the ostensible goal of pulling the ETF back from the p...Read More
Stock futures are signaling a second straight day of sharp losses, as the 10-year Treasury yield holds near a three-year high of 2.7%. Traders are also reacting to news Amazon (AMZN), Berkshire Hathaway (BRK.A), and JPMorgan Chase (JPM) are teaming up to tackle rising healthcare costs for their U.S. employees, with blue-chip insurance giant UnitedHealth (UNH) down more than 6% ahead of the bell --...Read More
Gold is likely to consolidate in the near term even though themetal may be headed toward $1,400 an ounce yet this year, says TD Securities.For one thing, forex and gold traders want to see what Federal Reservepolicymakers say at their meeting this week before becoming too aggressive. “It is likely that with the Fed signaling a March hike, there willbe many market participants choosing to tak...Read More
(Kitco News) - Gold and silver markets are modestly higher in early U.S. trading Tuesday. A weakerU.S. dollar index is working in favor of the precious metals market bulls onthis day. April Comex gold futures were last up $0.90 an ounce at $1,345.80. March Comex silver was last up $0.043 at $17.185 an ounce.Worldstock markets were mostly weaker overnight. U.S. stock indexes are pointedtoward lowe...Read More