(Adds details, quotes, background)By Elena FabrichnayaMOSCOW, June 5 (Reuters) - Russia is considering placing a sovereign Eurobond issue a week after a key rate decision scheduled for June 16, a government source familiar with the plans told Reuters on Monday. Russia's finance ministry returned to the external debt market last year, raising a total of $3 billion in two tranches. VTB Capital, the...Read More
* TSX down 52.07 points, or 0.34 percent, to 15,390.68* All 10 of the TSX's main groups fall By Solarina HoTORONTO, June 5 (Reuters) - Canada's main stock index fell on Monday as financial stocks dipped amid signs of cooling in Toronto's overheated housing market and falling oil prices, weakened by concerns of a diplomatic rift in the Middle East, hurt energy stocks. At 11:08 a.m. ET (1508 GMT),...Read More
(Updates prices, adds comments)* Dollar recovers after Friday's fall to 7-month low* ECB expected to take benign view of economy on Thursday* Traders repurchase dollar to square positions* Sterling recovers after London attack* Graphic: World FX rates in 2017 By Sam ForgioneNEW YORK, June 5 (Reuters) - The U.S. dollar rebounded from a near seven-month low against the euro on Monday as traders dou...Read More
By Bruno FederowskiSAO PAULO, June 5 (Reuters) - The Mexican peso firmed to its strongest level in seven months on Monday after the ruling party fended off a leftist challenge in a key state election, reducing expectations of a defeat in the presidential elections next year.The Institutional Revolutionary Party (PRI) looked set to maintain its nine-decade hold over the central State of Mexico, the...Read More
(Kitco News) - Momentum is building on itself inthe gold market as hedge funds and money managers continue to add to their bullishpositioning, driving the price closer to a key psychological level.The disaggregated Commitments of Traders report for the week ending May 30 showed money managers increased their speculative gross long positions in Comex gold futures by 13,411 contracts to 175,304. At...Read More
LONDON, June 5 (Reuters) - Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarketsSummary: ** Britain's FTSE edges down 0.2 pct amid election uncertainty** Madame Tussauds owner Merlin, EasyJet, IAG fall after London attack** Election gamble could cost betting companies as regulations tighten ** STOXX 600 on the back foot** Banco Popular weighs on European bank...Read More
WASHINGTON, June 5 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills this week, see: (Washington economics team) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such...Read More
Stocks were mostly lower on Monday after a terror attack in London over the weekend, a slump in crude oil, and a rare analyst downgrade on Apple (AAPL) shares. The S&P 500 was down 0.02%, the Dow Jones Industrial Average was flat, and the Nasdaq increased 0.03%. Still, stocks held close to records with market reaction to terrorism appearing restrained and cautious. Wall Street largely ove...Read More
By Gertrude Chavez-DreyfussNEW YORK, June 5 (Reuters) - U.S. Treasury debt prices fell on Monday in thin trading, as investors booked profits after gains the previous session on a U.S. employment report that underwhelmed expectations and suggested a more cautious Federal Reserve policy beyond June.Bonds unwound some of last week's gains despite a terror attack in Britain over the weekend, with inv...Read More
LAGOS, June 5 (Reuters) - Nigeria's total debt rose to 19.15 trillion naira ($62.91 billion) as of March 2017, from 17.36 trillion naira at the end of last year, the Debt Management Office said on Monday.Africa's biggest economy, which slipped into recession last year for the first time in 25 years, raised $1 billion in February and $500 million in March from Eurobond sales.The government intends...Read More
MOSCOW, June 5 (Reuters) - Russia is considering placing a sovereign Eurobond issue a week after a key rate decision scheduled for June 16, a government source familiar with the plans told Reuters on Monday. Moscow aimed to issue $3 billion in new debt and swap another $4 billion in outstanding Eurobonds for new ones, Finance Minister Anton Siluanov said last week. (Reporting by Elena Fabrichnaya;...Read More
(Kitco News) - Gold prices are holdingsteady near their session highs following a drop in momentum in the servicesector, according to the latest data from the Institute of Supply Management(ISM).Monday, the ISM saidits Non-manufacturing Purchasing Managers Index showed a reading of 56.9% in May, down from April'sreading of 57.5%. The drop was slightly below expectations as consensusforecasts were...Read More
* Herbalife falls after cutting current-quarter forecast* Apple marginally lower after rating cut* Indexes down: Dow 0.10 pct, S&P 0.15 pct, Nasdaq 0.14 pct (Updates to open)By Tanya AgrawalJune 5 (Reuters) - U.S. stocks were slightly lower in early trading on Monday as oil prices fell after Arab states cut ties with Qatar over alleged support for Islamists and Iran, while markets mostly shrugged...Read More
June 5 (Reuters) - The Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, on Monday fell for the 15th straight session, hurt by weak rates across all vessel segments.The overall index - which considers rates for capesize, panamax, supramax and handysize shipping vessels - fell 9 points, or 1.08 percent, to 821 points, its lowest level in over three m...Read More
TORONTO, June 5 (Reuters) - Canada's main stock index slipped at the open as oil prices, weakened by concerns of a diplomatic rift in the Middle East, hurt energy stocks, while financial stocks dipped amid signs of cooling in Toronto's overheated housing market.The Toronto Stock Exchange's S&P/TSX composite index fell 58.03 points, or 0.38 percent, to 15,384.72.Eight of the index's 10 main groups...Read More
June 5 (Reuters) - U.S. stocks were little changed at the open on Monday as investors shrugged off the weekend attacks in London, while awaiting a string of economic data.The Dow Jones Industrial Average fell 13.15 points, or 0.06 percent, to 21,193.14. The S&P 500 lost 2.09 points, or 0.08 percent, to 2,436.98. The Nasdaq Composite dropped 0.21 points, or -0 percent, to 6,305.58. (Reporting by Ta...Read More
(Kitco News) - June 5 - Gold prices advanced in earlytrading Monday. Waking up to the morning news every day in recent monthsdelivers fresh political, economic and geopolitical events that are goldbullish. From recent news of the FBI Director'sfiring, to weaker-than-expected May employment data to rising tensions in theMiddle East to North Korea missile tests, the headline events are driving goldh...Read More
MOSCOW, June 5 (Reuters) - The Russian central bank will consider cutting the key rate by 25 or 50 basis points at its board meeting on June 16, the bank's Governor Elvira Nabiullina said on Monday.Nabiullina said the central bank could raise an oil price assumption in its base forecast after OPEC and non-OPEC crude oil producers agreed to extend a deal on output cuts.The central bank last cut the...Read More
(Repeats to add additional subscribers and company instrument code)June 5 (Reuters) - Silm??asema Oyj: * REG-SILM?,,ASEMA OYJ'S PUBLIC OFFERING HAS BEEN OVERSUBSCRIBED AND THE SUBSCRIPTION PERIOD DISCONTINUEDSource text for Eikon: (Gdynia Newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every eff...Read More
Investing long term in precious metals stocks is a very bad idea (with a few very rare exceptions).On the other hand, there are periods when betting on precious metals shares makes sense; however, the problem is that these periods are becoming shorter and shorter.Since January 2016, GDX has been performing better than gold; this period has lasted quite a long time, so now we may be close to the en...Read More