(Kitco News) - A famous and likely the most expensive bottle of vodka made out of gold, which appeared on one of the ‘House of Cards’ episodes, was stolen from a bar in Copenhagen last week.But, as it turned out, the thief was only after the alcohol, as the bottle itself was found discarded three days later.The unique Russo-Baltique bottle — worth about $1.3 million — is ma...Read More
By Chris ThomasJan 8 (Reuters) - Australian shares extended their rally to a fourth session on Monday, hovering around 10-year highs as investors drew confidence from Wall Street after it capped off a strong week.The S&P 500 and Nasdaq logged their best weekly gains in over a year on Friday as technology stocks boosted major indexes to records. In Sydney, the S&P/ASX 200 index advanced 0.3...Read More
By Howard Schneider and Jonathan SpicerPHILADELPHIA, Jan 7 (Reuters) - U.S. Federal Reserve policymakers have come to view Donald Trump's tax overhaul as a short-term economic boost that will neither permanently supercharge the economy, as the president says, or cause an immediate disruption that would require a central bank response, as some analysts have warned.That view emerged in recent interv...Read More
(Repeats for market hours. No change to text.)* China's FX reserves climb by $20 bln in December* Economists polled by Reuters expected reserves to rise by $6 bln* Eleventh month of gains, longest stretch since June 2014* Reserves rise $129.5 bln in 2017, first annual gain since 2014 BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in Decembe...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.2 pct, CSI300 +0.2 pct, HSI +0.3 pct* HK->Shanghai Connect daily quota used 8 pct, Shanghai->HK daily quota used 18.2 pct* HK->Shenzhen Connect daily quota used 12.1 pct, Shenzhen->HK daily quota used 7.1 pct* CNY official close 6.4887 per dollar* FTSE China A50 +0.6 pct, BNY Mellon ADR China Select Index +0.3 pct SHANGHAI, Jan 8 (Reuters) -...Read More
Jan 8 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherlands DSL auction 10-JanUnited States Sale of 10-year notes 10-J...Read More
Jan 8 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily. ----------------------------------------------------------- MONDAY, JANUARY 8BRUSSELS - The European Commission holds a conference and its speakers include EU Commission head Jean-C...Read More
Jonathan Spicer, Howard SchneiderPHILADELPHIA (Reuters) - The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday.In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s largest e...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump’s tweet about having a bigger nuclear button than Kim Jong Un’s has kept the North Korean leader “on his toes” and made clear the risks of a nuclear standoff, U.S. Ambassador to the United Nations Nikki Haley said on Sunday.After Kim asserted that he had a nuclear button at the ready, Trump last week dismissed the taunt by...Read More
Jan 8 (Reuters) - Australian shares are poised to extend gains to a fourth straight session on Monday after touching 10-year highs last week, following a strong leads from Wall Street.The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to records. The local share price index futures rose 0.3 percent or 18 points to...Read More
Jan 8 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,122.345.2NZX 50**8,455.55 12.05DJIA**25,295.87220.74NIKKEI**23,714.53208.20Nasdaq**7,136.55858.643FTSE**7,724.22 28.34S&P 500** 2,743.15 19.16 Hang Seng** 30,814.6478.16SPI 200 Fut 6,092.018.0STI** 3,489.45 -11.71SSEC**3,391.750106.0399KOSPI** 2,497.52 31.06----------------------------------------------------------...Read More
Jan 8 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,122.30 45.20 NZX 50**8,455.55 12.05DJIA25,295.87220.74NIKKEI**23,714.53208.20Nasdaq7,136.55858.64 FTSE**7,724.22 28.34S&P 500 2,743.15 19.16 Hang Seng** 30,814.6478.16SPI 200 Fut 6,092.018STI** 3,489.45 -11.71SSEC**3,392.36 6.65KOSPI** 2,497.52 31.06------------------------------------------------------------------...Read More
(Repeats story first published Friday with no changes to text)By David RandallNEW YORK, Jan 5 (Reuters) - Value stocks are getting a once-over from some U.S. growth fund managers in early 2018 as they prowl for overlooked shares they think have more upside in a market that gained nearly 20 percent last year. Value stocks, so labeled because they typically sport lower price-to-earnings valuations,...Read More
The big story for investors in 2017 was the broad-based rally in stocks. Simply by owning equities of any shape or size, you likely made out very nicely. Domestic large-cap stocks were up about 20% as measured by the S&P 500 SPX, +0.13% Other markets did even better, with broad global funds like the Vanguard Total International ETF VXUS, +0.09% up about 25% and the popular iShares FTSE/Xinhua...Read More
BARCELONA, Jan 7 (Reuters) - The European Central Bank should set a date to end its asset-buying programme, the head of Germany's Bundesbank, Jens Weidmann, told Spanish newspaper El Mundo.Tipped as a potential candidate to succeed ECB President Mario Draghi when his term expires at the end of October 2019, Weidmann is a vocal critic of the bank's quantitative easing programme."The prospects...Read More
BEIJING, Jan 7 (Reuters) - The China-backed Asian Infrastructure Investment Bank (AIIB) may issue its first U.S. dollar-denominated bond by the end of June this year, according to a state media report on Sunday citing the bank's treasurer Soren Elbech.The earliest issuance window will be "toward the end of the first half of 2018," to allow time for certain procedures, including the board...Read More
DUBAI, Jan 7 (Reuters) - Saudi Arabia's stock market rose in early trade on Sunday after King Salman announced a package of handouts for Saudi citizens to compensate them for the rising cost of living, while several blue chips boosted Qatar's market.The Saudi index gained 0.5 percent in the first hour as real estate developer Dar Al Arkan , the most heavily traded stock, added 2.4 percent. Among t...Read More
* China's FX reserves climb by $20 bln in December* Economists polled by Reuters expected reserves to rise by $6 bln* Eleventh month of gains, longest stretch since June 2014* Reserves rise $129.5 bln in 2017, first annual gain since 2014 (Updating to add forex regulator's comment in 7th para)BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in...Read More
BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose to their highest in more than a year in December and grew at a faster-than-expected pace, as tight regulations and a strong yuan continued to discourage capital outflows, data showed on Sunday.Notching up their 11th straight month of gains, reserves rose $20.2 billion in December to $3.14 trillion, the highest since September 2016 a...Read More
DUBAI, Jan 7 (Reuters) - A package of handouts from Saudi Arabia's King Salman may boost the Saudi stock market on Sunday while the region in general looks likely to be supported by a positive global trend.King Salman on Saturday ordered extra monthly payments to state employees and pensioners this year as part of a package to compensate citizens for the rising cost of living after the government...Read More