Jan 9 (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 ----------------------------------------------------------- TUESDAY, JANUARY 9BRUSSELS - The European Commission holds a conference, with speakers including...Read More
TOKYO, Jan 9 (Reuters) - The Nikkei share average hit a 26-year high on Tuesday, helped by gains on Wall Street during a Japanese holiday and as a weaker yen lifted investors' appetite for risk.The Nikkei was up 0.9 percent at 23,952.61 in early trade, its highest since November 1991. Japanese markets were closed on Monday for a national holiday.The broader Topix was 0.7 percent higher at 1,892.71...Read More
TOKYO, Jan 9 (Reuters) - Japanese wages rose 0.1 percent in November from a year earlier after adjustments for inflation, offering hope that consumer spending will start to strengthen.The increase was the first in 11 months, which is also an encouraging sign that workers had more money to spend during the crucial year-end shopping season.Nominal cash earnings rose 0.9 percent in November from the...Read More
(Updates prices throughout)By Bruno FederowskiSAO PAULO, Jan 8 (Reuters) - Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment.The benchmark Bovespa stock index continued its climb following a seven-day string of gains. The rally in Brazilian stocks has been supported by invest...Read More
In an article penned in MarketWatch today by Myra Saefong, she looks back at historical data to conclude that the rally which began on December 12 of last year up until Friday logged the longest stretch of consecutive gains in gold futures on record. She is comparing it to a point in time in which gains in gold futures resulted in 10 consecutive gains in July 2011. During that period, gold prices...Read More
(Adds Rosengren's comments on inflation framework option)By Jason LangeWASHINGTON, Jan 8 (Reuters) - The Federal Reserve should consider changing its inflation target to allow for an acceptable range of inflation rates, Boston Federal Reserve President Eric Rosengren said on Monday.Currently, the Fed aims for U.S. consumer prices to rise 2 percent a year but the central bank has rarely met that t...Read More
Jan 9 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6130.4 8.10NZX 50**8,431.83 6.35DJIA**25,282.93-12.94NIKKEI**23,714.53208.20Nasdaq**7,157.38620.828FTSE**7,696.51 -27.71S&P 500** 2,747.71 4.56Hang Seng** 30,899.5384.89SPI 200 Fut 6089.0 8 STI** 3,512.18 22.73SSEC**3,410.0005 18.25 KOSPI** 2513.2815.76-----------------------------------------------------------------...Read More
The price of gold and gold mining stocks were very competitive in 2017. The yellow metal ended the year up a little more than 13 percent-its best year since 2010-while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11 percent. All of this occurred even as large-cap stocks regularly closed at all-time highs and cryptocurrencies invited massive speculation.We can than...Read More
(Adds details throughout and updates prices to close)* TSX closes down 31.79 points, or 0.19 percent, at 16,317.65* Materials group falls 0.7 percent* Seven of the TSX's 10 main groups end lower TORONTO, Jan 8 (Reuters) - Canada's main stock index retreated on Monday as shares of some materials and financial services companies weighed, offset by gains for marijuana producers.* The Toronto Stock...Read More
After touching a record high in intraday trading,the Dow ended the day just below breakeven, snapping a four-session win streak. However, the S&Pand Nasdaq both finished at record closing highs, and have yet to end a session in 2018 in the red. A rally in several tech and retail stocks helped push the indexes higher, though bank stocks pulled back ahead of the start of fourth-quarter earnings seas...Read More
WASHINGTON, Jan 8 (Reuters) - The Federal Reserve should consider changing its inflation target to allow for an acceptable range of inflation rates, Boston Federal Reserve President Eric Rosengren said on Monday.Rosengren said the optimal inflation target for the U.S. central bank might shift as time passes. "My own view is that we should be focused on an inflation range, with the potential t...Read More
(Kitco News)- As markets continue to digest the implications of Congress' historic tax reform, one bank sees it as a mixed back for gold. In a recent note, analyst at Bank of America Merrill Lynch, said that they see gold under pressure in the first quarter of the year with the market bouncing back in the third quarter of 2018. The bank said that they see gold prices averaging $1,350 an ounce by t...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 21.77 G/T GOLD OVER 7.20 METRES AT SNIPSkeena Resources Ltd. has released additional drill results from 11 holes at the company's Snip gold project, located in the Golden Triangle of British Columbia. The 2017 underground drill program finished on Dec. 16, 2017, with a total of 8,650 metres drilled over 62 holes. Assays are still pending for 34 holes.Cross...Read More
Jan 9 (Reuters) - Australian shares are expected to be little changed at open on Tuesday as a blistering run on Wall Street, which the local index often looks to for cues, lost steam with healthcare and financial stocks weighing on major indexes.U.S. indexes barely moved on Monday as investors took a breather ahead of earnings season and after a strong start to 2018. The Australian local share pri...Read More
Recently formed Equinox Gold (TSX-V:EQX) announced that its board of directors approved $146 million for the full-scale construction at the Aurizona Gold mine, located in the Maranh??o state of north-eastern Brazil.With the idea of pouring gold in late 2018, the company says it has already spent $25 million advancing detailed engineering work, raising the existing tailings facility, refurbishing e...Read More
TORONTO, Jan 8 (Reuters) - Canada's main stock index retreated on Monday as shares of some materials and financial services companies weighed, offset by gains for marijuana producers.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 31.79 points, or 0.19 percent, at 16,317.65. Seven of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Ja...Read More
NEW YORK, Jan 8 (Reuters) - The S&P 500 barely rose on Monday while the healthcare and financial sectors weighed and investors took a breather ahead of earnings season and after the strong rally that marked the start of 2018.The Dow Jones Industrial Average fell 12.94 points, or 0.05 percent, to 25,282.93, the S&P 500 gained 4.55 points, or 0.17 percent, to 2,747.7 and the Nasdaq Composite...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------0600/1100: The National Federation of Independent Business issues Small Business Optimism Index for December.1130/1630: The Labor Dept. issues Job Openings and Labor Turnover Survey for November.1130/1630: The Treasury Dept. holds weekly sale of 4-week bills.1300/1800: The Treasury Dept. sells 3-year notes.1630/2130: The A...Read More
(Updates market action after Fed speeches)* Treasury to sell $56 bln supply this week* Stronger German debt helps U.S. bonds firm* Fed's Bostic indicates doubt about three rate hikes this year By Kate DuguidNEW YORK, Jan 8 - U.S. bond yields were little changed on Monday after a boost from stronger German government debt and a Federal Reserve official's remarks that the U.S. central bank may only...Read More
Blake BrittainWASHINGTON (Reuters) - Weather and climate-related disasters cost the United States a record $306 billion in 2017, the third-warmest year on record, the U.S. National Oceanic and Atmospheric Administration said on Monday.The federal agency’s report underscores the economic risks of such disasters even as President Donald Trump’s administration casts doubts on their causes...Read More