(Adds detail)LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible,...Read More
Cigarette stock Philip Morris International Inc. (NYSE:PM) is sinking today, on news a Food and Drug Administration (FDA) panel voted against the company's health claim for its electronic smoking devices. Sector peer Altria Group, Inc. (NYSE:MO) is getting pulled lower, too, as a result. Yet a closer look at PM and MO proves analysts and options traders are expecting the stocks to go higher. At la...Read More
(Kitco News)- Gold prices have fallen to session lows as President DonaldTrump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum inDavos Switzerland, Trump said that he wants to see a stronger U.S. dollar,adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin weretaken out of context.“The dollar is going to get stronger a...Read More
With earnings season underway, we decided it would be beneficial to explore one way options traders can profit from a big stock move in either direction. Today, we will be looking into a strategy called the long straddle. A long straddle consists of buying a call option and a put option with the same strike and expiration date. This essentially takes direction out of the equation, so the position...Read More
Yesterday, gold won an influential supporter in the White House. Who is he? The Enemy of Gold’s Enemy Is Gold’s Friend As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold&...Read More
LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible," the cen...Read More
(Kitco News)- Gold prices are starting the new year in stellar fashionand investors should see further gains throughout the year, according toanalysts at GFMS Thomson Reuters.In its fourth quarter 2017 Gold Survey, publishedThursday, the research team said that they could see prices rallying to $1,500an ounce at some point in 2018 with gold averaging the year at $1,360 an ounce. “We believe...Read More
* No formal deal on Grasberg copper mine, but talks positive - CEO* Temporary permit extended to June* Freeport Q4 profit beats forecasts (Recasts; adds executive comments from conference call, details on potential permit deal)By Susan TaylorTORONTO, Jan 25 (Reuters) - Freeport-McMoRan Inc said it was edging closer to a permit deal with Indonesia for its massive Grasberg mine, but the world's seco...Read More
Jan 25 (Reuters) - The dollar pared losses against a basket of major currencies on Thursday after U.S. President Donald Trump told CNBC he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier."The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with...Read More
WASHINGTON, Jan 25 (Reuters) - U.S. President Donald Trump said on Thursday he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier."The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with CNBC, adding that Mnuchin's comments had been misinterprete...Read More
Earnings season continues to ramp up next week, with a slew of high-profile names set to release quarterly results. The rest of the FAANG stocks will take their turn in the limelight, as well as several blue-chip companies including Boeing (NYSE:BA), McDonald's (NYSE:MCD), Exxon Mobil (NYSE:XOM), and Visa (NYSE:V). Meanwhile, the economic calendar is also jam-packed with goodies, featuring the fi...Read More
FRANKFURT, Jan 25 (Reuters) - European Central Bank policymakers gathering on Thursday were split on their next policy move as a stronger-than-expected rise in the euro gets in the way of their careful exit from years of aggressive stimulus, sources close to the matter told Reuters.The ECB reaffirmed its easy policy of massive bond purchases and ultra low-rates on Thursday despite an increasingly...Read More
* 2017 sales 15.1 bln euros, up 5.7 pct* FDJ awaits state decision on possible stake sale - CEO* Report on FDJ privatisation due mid-February, sources have said By Gilles Guillaume and Gw?(C)na?<
Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,050.00 -4.70 NZX 50**8,369.78 45.69DJIA26,398.12146.00NIKKEI**23,669.49-271.29Nasdaq7,430.90915.85 FTSE**7,615.84 -27.59S&P 500 2,841.39 3.85Hang Seng** 32,654.45-304.24SPI 200 Fut 5991 -7STI** 3,572.62 -36.62SSEC**3,548.30 -11.16KOSPI** 2,562.23 24.23----------------------------------------------------------------------------------...Read More
FRANKFURT, Jan 25 (Reuters) - European Central Bank policymakers gathering on Thursday were split on their next policy move as a stronger-than-expected rise in the euro gets in the way of their careful exit from years of aggressive stimulus, sources close to the matter told Reuters.The ECB reaffirmed its easy policy of massive bond purchases and ultra low-rates on Thursday despite an increasingly...Read More
Subscribers to Schaeffer's PowerTrend service more than quadrupled their money on our Boeing Co (NYSE:BA) January 19, 2018 235-strike call recommendation. Here's a quick breakdown of what put BA stock on our bullish radar, and how the winning options trade unfolded.When we recommended the call option back on Sept. 14, the Dow stock was in the middle of a long-term uptrend, boasting a 55% year-to-d...Read More
(Kitco News) - Gold and silver prices both hit 4.5-month highs and ended the U.S. day sessionmoderately higher Thursday. An eroding U.S. dollar and a rallying crude oilmarket are bullish outside elements boosting the metals. February Comex gold was last up $7.40 an ounce at $1,363.80. March Comex silver was last up $0.136at $17.625 an ounce.TheU.S. Dollar Index was solidly lower and hit another 3....Read More
ZAGREB, Jan 25 (Reuters) - Croatia will offer 800 million kuna ($134.62 million) worth of treasury bills at an auction next week, the Finance Ministry said on Thursday.The ministry will offer only one-year paper at the Jan. 30 auction, as it did this week. Occasionally it also offers bills of three-month and six-month maturities and those denominated in euros.This week's auction surpassed its targ...Read More
NEW YORK, Jan 25 (Reuters) - The U.S. Treasury Department on Thursday sold $28 billion of 7-year government notes to the strongest demand since April at a yield of 2.565 percent, the highest yield at an auction of this maturity since April 2011, Treasury data showed.The ratio of bids to the amount of seven-year Treasury supply offered was 2.73, matching the level set 13 months ago. This gauge of o...Read More
(Adds quotes, details, background)By Chijioke OhuochaLAGOS, Jan 25 (Reuters) - Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters on Thursday.Patience Oniha said the country will also try to get back into the JP Morgan Government Bond Ind...Read More