The comments above & below is an edited and abridged synopsis of an article by SRSRocco ReportChinese demand for physical gold surged in 2017, while Americans went for cryptocurrencies and the stock market. Chinese citizens purchased the most gold bar and coin products since the same period in 2013, when they took advantage of huge gold market price selloff.Chinese gold bar and coin demand increas...Read More
The comments above & below is an edited and abridged synopsis of an article by Fasanaro CapitalThe Peak PEG ratio is a price to peak-earnings multiple, adjusted for long-run trend growth. It considers the highest (rather than average) earnings over the previous 10 years and then divides for growth potential. When measured against potential growth, even on its highest earnings, the S&P has never be...Read More
Adem Tumerkan January 25, 2018 Category: Research I wrote this last week about the USD. . .“Once the US Dollar Index breaks below 90 - which could happen any day now - then dollar bulls will retreat.And it will only snowball downhill from there.” Many analysts and “expert” CNBC pundits disagreed with our bold call.They didn’t think it would happen. And if it even were...Read More
CloseGain/LossGold $1357.70+$16.70Silver$17.56+$0.51XAU92.08+2.42%HUI207.17+2.19%GDM688.77+2.23%JSE Gold1313.95+48.88USD89.25-0.87Euro124.02+1.04Yen91.76+0.97Oil$65.61$1.1410-Year2.652%+0.006T-Bond148.65625-0.5625Dow26252.12+0.16%Nasdaq7415.06-0.61%S&P2837.54-0.06% The Metals: Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumpe...Read More
- Cyber war is increasing threat - Investors are not prepared for- Third most likely global risk in 2018 is cyber war say WEF- "Scale and sophistication of attacks is going to grow"- EU, US, NATO lay down ground rules for offensive cyber war- Ireland is viable target for attackers but is 'grossly unprepared for cyber war'- UK should expect attack that cripples infrastructure within 2 years- Tru...Read More
(Updates with final prices, Mexico details)By Bruno FederowskiBRASILIA, Jan 24 (Reuters) - Brazilian markets surged on Wednesday as an appeals court upheld a corruption conviction that could stop former President Luiz In??cio Lula da Silva from running in this year's presidential race, adding to a global emerging market rally.The benchmark Bovespa stock index hit an all-time high above 83,000 poin...Read More
* 231 bln yuan of put options come due in 2018* Refinancing stress may lead to defaults of weaker issuers* More than 90 pct of onshore puttable property bonds in-the-money By Clare Jim and Andrew GalbraithHONG KONG/SHANGHAI, Jan 25 (Reuters) - Investors have started exercising put options of onshore property bonds due to concerns about tight industry liquidity and rising interest rates, market ob...Read More
* Dollar index struggles at 3-year lows* Mnuchin comments welcoming weaker dollar takes heavy toll* Already battered dollar seen entering new bear phase* Focus on ECB and its views on rapidly appreciating euro By Shinichi SaoshiroTOKYO, Jan 25 (Reuters) - The dollar wallowed near three-year lows against its peers on Thursday after caving on comments by U.S. Treasury secretary Steven Mnuchin that...Read More
HONG KONG, Jan 25 (Reuters) - Beijing Enterprises Water Group Ltd said on Thursday it planned to sell HK$3.66 billion ($468 million) worth of new shares, raising money for working capital.The Chinese sewage and reclaimed water treatment services group will issue 450 million new shares to third-party investors and another 169.49 million new shares to its controlling shareholder, Beijing Enterprises...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.2 pct, HSI +0.1 pct* Shanghai->HK daily quota used 19.2 pct* HK->Shenzhen Connect daily quota used 7.5 pct, Shenzhen->HK daily quota used 18.6 pct* CNY official close 6.359 per dollar* FTSE China A50 +0.0 pct, BNY Mellon ADR China Select Index +0.5 pct SHANGHAI, Jan 25 (Reuters) - Following is a list of recent corporate and poli...Read More
Jan 25 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 25-JanUnited States Sale of 7-year notes25-JanJapan 3-month discount bill auction25-JanJapan Auction of 20-year government bonds26-JanItaly Zero-coupon/BTPi auction29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds3...Read More
LONDON, Jan 25 (Reuters) - British construction companies had their best year in decade for starting work on new homes in 2017 and the outlook for 2018 is positive, an industry body said on Thursday.Prime Minister Theresa May wants construction of new homes to rise to 300,000 a year to tackle a shortage of housing.The National House-Building Council said builders registered plans to start 160,606...Read More
Jan 25 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events, if any ----------------------------------------------------------- THURSDAY, JANUARY 25KUALA LUMPUR - Central Ba...Read More
Jan 25 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, JANUARY 25STOCKHOLM - Riksbank is organizing a breakfast meeting for the media, where...Read More
Caroline ValetkevitchNEW YORK (Reuters) - The U.S. dollar extended its recent rout to hit three-year lows and gold rose to its highest level in 1-1/2 years on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar.Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at...Read More
The U.S. dollar traded under dramatic pressure today, losing almost a full percent on the lows of the day. This, of course, moved the precious metals complex to dramatically higher pricing with gold futures trading up roughly $22 on the day to close at the highest value this year.Since the beginning of December 2017, the U.S. dollar has been in a virtual freefall. The dollar was trading at roughly...Read More
* Euro strength seen in focus* Guidance to be kept unchanged* QE expected to end this year* Rate decision at 1245 GMT By Balazs Koranyi and Francesco CanepaFRANKFURT, Jan 25 (Reuters) - The euro zone economy may be roaring ahead but a rapidly strengthening euro may see European Central Bank President Mario Draghi pour cold water on the view the bank is speeding towards an interest rate hike. Drag...Read More
(Kitco News) - The U.S. dollar tumbled to fresh 3-year lows after the U.S. Treasury Secretary Steven Mnuchin welcomed a weaker greenback, triggering worries of a wider trade policy shift.“USD [was] thrown under the bus,” said John J Hardy, head of FX Strategy at Saxo Bank. “[And] it is taking fire on all fronts.”The U.S. dollar index plunged around 1% on Wednesday, last see...Read More
* Q4 CPI rises 0.1 percent qtr/qtr, 1.6 percent yr/yr* Food, household items drag on the index* Data should reinforce RBNZ's determination to keep rates on hold (Adds details, economist quote; updates market reaction)By Charlotte GreenfieldWELLINGTON, Jan 25 (Reuters) - New Zealand's consumer price index (CPI) rose only 0.1 percent in the fourth quarter, Statistics New Zealand said on Thursday,dra...Read More
KINSHASA, Jan 24 (Reuters) - Democratic Republic of Congo's new proposed mining code, which the industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through the Senate without opposition late on Wednesday.A version passed by the National Assembly - Congo's lower house of parliament - last month would increase taxes and royalties, including potentially more than d...Read More