U.S. stocks are mixed at midday, though the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reached record highs earlier in the session. Netflix earnings have stolen the show today, as the well-received report provides tailwinds for the broader stock market. Comments from hedge fund legend Ray Dalio likely helped to spark a risk-on attitude, as well, after...Read More
BERLIN, Jan 23 (Reuters) - Munich prosecutors are extending an investigation into suspected market manipulation after a report criticised an acquisition by German payment processor Wirecard , sending its shares tumbling on Tuesday.A spokeswoman for the prosecutor's office said a new phase of the investigation was being opened over the report by the Southern Investigative Reporting Foundation (SIRF...Read More
* Netflix at record high on upbeat Q4 subscriptions* P&G, J&J weigh on Dow* Trump slaps import tariffs on washing machines, solar panels* Indexes: Dow down 0.03 pct, S&P up 0.20 pct, Nasdaq up 0.57 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly...Read More
MILAN, Jan 23 (Reuters) - Italy's Treasury said on Tuesday it would offer up to 3.75 billion euros over three bonds at auction on January 26.BOND TYPE CTZ 5-YR BTPEI15-YR BTPEIMATURITY Oct. 30, 2019 May 15, 2022Sept. 15, 2032TRANCHE 7th14th 16thCOUPON - 0.10 pct 1.25 pctAMOUNT OFFERED1.5-2.0 1.25-1.75(bln euros)SETTLEMENT DATEJan. 30(Milan Newsroom) Disclaimer: The views expressed in this article...Read More
PARIS, Jan 23 (Reuters/IFR) - French plastics maker Novares will re-launch its initial public offering (IPO) on the Paris stock exchange in the coming days or weeks after postponing it last November, two sources familiar with the matter said.Novares has said it plans to raise 130-150 million euros via new shares. Its website says the company is seeking to use the IPO proceeds to finance new growth...Read More
(Updates to reflect afternoon trading)JOHANNESBURG, Jan 23 (Reuters) - South Africa's rand drifted lower on Tuesday as investors waited for more clues from the new leader of the ruling African National Congress on how he plans to rejuvenate the economy and when President Jacob Zuma might step down.At 1620 GMT, the rand was down 0.2 percent at 12.0800 per dollar, eating into gains of around one pe...Read More
(Adds economist comment, background)BRUSSELS, Jan 23 (Reuters) - Euro zone consumer confidence jumped much more than expected in January, a flash estimate from the European Commission showed on Tuesday, further underlining the momentum in the economy that is growing at its fastest in a decade.The Commission said consumer confidence in the 19 countries sharing the euro in January rose to 1.3 point...Read More
* Dollar index hits fresh three-year low* Euro zone consumer confidence jumps more than expected in Jan* Dollar slips vs yen after BoJ meet (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 23 (Reuters) - The dollar slipped to a fresh three-year low against a basket of currencies on Tuesday after data showed euro zone consu...Read More
(Kitco News) - Gold prices are moderately higher and have hit newsession highs in late-morning action Tuesday. After some light selling pressuredropped gold prices from their overnight highs, there were traders ready tostep in to "buy the dip." The rally in the gold market also coincidedwith a solid drop in the U.S. dollar index to a new three-year low today.Februarygold was las up $5.40...Read More
By Massimiliano Di GiorgioROME, Jan 23 (Reuters) - The leader of Italy's far-right Northern League on Tuesday called the euro "a failed experiment" and presented outspoken anti-euro economists among his election candidates, widening divisions with his ally Silvio Berlusconi.The four-times prime minister Berlusconi is presenting himself as a moderate, pro-European figure ahead of the Marc...Read More
It's been rough sledding in the new year for GoPro Inc (NASDAQ:GPRO), and today is no different. This morning, Morgan Stanley downgraded the camera maker to "underweight" from "equal weight," while issuing a price-target cut to $5 from $9.50. Analysts at the firm noted that the company's camera usability is not improving fast enough, and that software development is critical for a rebound in 2018...Read More
Shares in Pretium Resources Inc (NYSE:PVG) tanked on Tuesday after the company announced disappointing production and cost forecasts from its Brucejack gold-silver mine in British Columbia.During lunchtime trade the Vancouver-based producer was exchanging hands for $7.95 a share, down 26.3% on the New York Stock Exchange, in massive volumes of more than 10m shares traded. Pretium is now worth $1.9...Read More
Shares of software stock Adobe Systems Incorporated (NASDAQ:ADBE) and tech accessories producer Logitech International SA (USA) (NASDAQ:LOGI) are rallying today, following the companies' impressive quarterly updates, with each raising their current-quarter and full-year outlooks. Against this backdrop, we'll take a closer look at ADBE and LOGI below. Adobe Stock Analysts Pile On with Bull NotesAdo...Read More
Shares of electric vehicle maker Tesla Inc (NASDAQ:TSLA) are higher after the company revealed CEO Elon Musk's new compensation plan, which is now tied to Tesla's market cap and operational milestones. In short, Musk won't get paid if TSLA stock doesn't perform. Tesla stock was up 1.1% at $355.34, at last check, continuing its recent uptrend above the newfound support of its 252-day moving average...Read More
NEW YORK, January 23, 2018 /PRNewswire via COMTEX/ --NEW YORK, January 23, 2018 /PRNewswire/ --Gold price traded higher on Monday due to a weaker dollar. Gold Spot rose 0.19 percent to $1,336.43 per ounce during the Monday trading session. The U.S. Gold future for February delivery rose 0.29 percent to $1,335.8 per ounce, while the U.S. Dollar Currency Index still traded near its three year low of...Read More
It's set to be a big week for Whirlpool Corporation (NYSE:WHR) stock. Ahead of the company's quarterly earnings release tomorrow night, WHR shares are surging after a tariff win. Specifically, the Trump administration imposed steep tariffs on imported washing machines, which Whirlpool Chairman Jeffrey Fettig said "caps nearly a decade of litigation and will result in new manufacturing jobs" across...Read More
(Kitco News)- The silver market and investorsare taking in stride tariffs on solar panels imported into the U.S.;analysts say that they see the move having limited impact on prices through2018.Monday, President Donald Trumpapproved applying safeguard tariffs for the next four years on imported solarcells and modules. The sector would see a 30% tariff in the first year, a 25%tax in the second year,...Read More
OSLO, Jan 23 (Reuters) - Norway's central bank has awarded 30 billion Norwegian crowns ($3.83 billion) in an F-deposit for Jan. 23 to Feb. 1, with a highest rate of 0.49 percent, it said on Tuesday.Overall demand in the auction was for 50.95 billion crowns.Allocation at the highest rate was 3.26 percent, the central bank added.($1 = 7.8396 Norwegian crowns) (Reporting by Oslo newsroom) Disclaimer...Read More
(Kitco News) - Gold prices are trading near steady levels inlate-morning action Tuesday and have given up their modest early gains. A dropin the silver futures market to a three-week low has spilled over into someselling pressure in the gold market. Some profit-taking from recent gains isfeatured in both gold and silver markets today. Februarygold was last up $0.50at $1,332.30. Marchsilver futures...Read More
Micaella Feldstein, Research Analyst at Natixis, suggests that as upside parallels are still intact on the daily chart of gold and as the daily MACD (trend indicator) remains bullish, dips towards the support at 1318 (daily parabolic) will be seen as corrective. Key Quotes “Gold is indeed expected to resume the upside to 1340-1342 (weekly Bollinger upper band) ahead of eyeing 1347 (declining...Read More