* Longer-dated yields touch lowest levels since November* Investors eye U.K. election, ECB meeting, Comey testimony* China may buy more U.S. bonds as yuan steadies -Bloomberg (Updates market action, adds quote)By Richard LeongNEW YORK, June 6 (Reuters) - U.S. Treasury yields fell on Tuesday as nervous investors favored bonds and other safe-haven assets ahead of a trio of events on Thursday: Britai...Read More
By Oludare MayowaLAGOS, June 6 (Reuters) - Nigerian stocks slipped for the first time in two weeks after some investors decided to book profits from a rally that had pushed the market index to a 23-month high.The index dropped 1.16 percent to 32,200 points as Dangote Cement and First Bank shed some of their gains made in the last week. The market rally began on May 22. Shares in Dangote Cement , w...Read More
OTTAWA, June 6 (Reuters) - The pace of purchasing activity in Canada slowed substantially in May as measures of prices, employment and supplier deliveries declined, according to Ivey Purchasing Managers Index data released on Tuesday.The seasonally adjusted index fell to 53.8 from 62.4 in April. A reading above 50 indicates an increase in the pace of activity.However, the unadjusted index rose to...Read More
* Qatar rebounds early on but soon falls back* Stocks related to foreign trade are hit hard* Saudi petchems hit after Qatar crisis pulls down oil prices* Drake & Scull continue rebound in Dubai* Egypt's Remco Tourism leaps on sales plan By Andrew TorchiaDUBAI, June 6 (Reuters) - Most Gulf stock markets fell on Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt's equ...Read More
NAIROBI, June 6 (Reuters) - The Monetary Policy Committee of Kenya's central bank will meet to set lending rates on July 17, the bank said on Tuesday.At its meeting in late May, the policymakers held the bank's benchmark lending rate at 10.0 percent. (Reporting by George Obulutsa) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc...Read More
MADRID, June 6 (Reuters) - The Bank of Spain's head said on Tuesday the Spanish economy could grow faster in 2017 than previously forecast, possibly above 3 percent."It can't be ruled out that the growth estimated for this year will be greater than anticipated a few months ago, and could even be above 3 percent," Luis Maria Linde said in a speech at Spain's Senate.In April, the Bank of Spain forec...Read More
JOHANNESBURG, June 6 (Reuters) - South Africa's Treasury sold a total of 2.65 billion rand ($207 million) worth of its 2035 , 2044 and 2048 instruments on Tuesday.Yields fell compared with previous auctions.R2035 BOND: Feb 28, 2035 - 8.875 pct couponAuction date:06/06/17 09/05/17Best bid %9.23 9.48Worst bid % 9.59.665Clearing yield %9.39 9.515Total bids (R'bln)1.79 2.475Allotted (R'bln)0.90.9Bid-t...Read More
Silver and gold continue to rally.Odd trading occurred on Friday.The EU has been cut loose by Trump and will not likely stand.The anti-dollar rally will likely continue this week.Silver (NYSEARCA:SLV) is on a tear. It has retraced more than half of a brutal sell-off that began in mid-April which saw more than $2.60 shaved off the price. That sell-off cut short a rally that looked strong enough to...Read More
* Former FBI director to testify before Congress on Thursday* UK election outcome, ECB meeting also on same day* Oil falls further below $50 as Mideast rift weighs* Indexes down: Dow 0.22 pct, S&P 0.24 pct, Nasdaq 0.20 pct (Updates to open)By Tanya AgrawalJune 6 (Reuters) - U.S. stocks opened lower on Tuesday as investors shunned riskier assets ahead of what is expected to be a busy Thursday, when...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index fell on Tuesday, tracking global market sentiment, with financials and energy stocks leading the index lower.The Toronto Stock Exchange's S&P/TSX composite index fell 36.69 points, or 0.24 percent, to 15,373.09 shortly after the open.Seven of the index's 10 key sectors were in the red, with materials, which rallied on surging gold prices, among...Read More
By Huw JonesLONDON, June 6 (Reuters) - The collapse of Deutsche Boerse and London Stock Exchange's attempt to create a superbourse has left exchanges focusing on low key, incremental acquisitions, top bourse officials said on Tuesday.The third attempt to link up London and Frankfurt ended in March after it faced opposition from European Union competition regulators, and from German officials who o...Read More
Stock futures moved lower on Tuesday morning as investors awaited clarity on a number of market-moving events later in the week. S&P 500 futures were down 0.3%, Dow Jones Industrial Average futures slid 0.24%, and Nasdaq futures declined 0.22%. Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oil prices teamed...Read More
Citi Researchsees precious metals peaking in the current quarter. "Reluctant to pick upslack in the market, investor anxiety suggests further headwinds persist into3Q 17," the bank says. "Multi-year low price volatility for both gold andsilver reinforce limited opportunity for investor participation and suggestslittle deviation from the current trend." The bank says the bid for gold hasremained in...Read More
* Exploration budgets under strain, harder to find new reserves* Commodity needs of China are changing as economy matures (Adds detail, context)LONDON, June 6 (Reuters) - Rio Tintoand China Minmetals Corp on Tuesday signed an outline deal on collaboration in mineral exploration, saying the partnership would position it to find the reserves needed for today's economy.Major miners have been seeking...Read More
(Kitco News) - Gold prices aresolidly higher and hit a six-week high in early U.S. trading Tuesday. Pricesare now within easy striking distance of the key $1,300.00 mark. Silver pricesare at a five-week high and are in a near-term uptrend. August Comex gold waslast up $10.70 an ounce at $1,293.30. JulyComex silver was last up $0.084 at$17.665 an ounce. There is a bitof risk aversion in the marketp...Read More
(Kitco News) -Iamgold Corp. (NYSE: IAG;TSX: IMG) and Japan's Sumitomo Metal Mining Co., Ltd. have entered into a jointventure to develop the C??t?(C) gold project in Ontario, the companies reported late Monday.Iamgold also announcedwhat it termed "positive results" from a prefeasibility study for the project,which clears the way to initiate a feasibility study and to support thepermitting proc...Read More
MUMBAI, June 6 (Reuters) - Three Indian farmers were shot dead on Tuesday at a protest in the central state of Madhya Pradesh, according to news reports, marking an escalation of violence as a rural strike demanding debt relief spread.The farmers died after being shot during a protest in Mandsaur, according to reports that quoted witnesses as saying they had been shot by police.A state police spok...Read More
LONDON, June 6 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout.According to Reuters calculations at current market prices, the effect ofthe resulting adjustment to prices by market-makers would take 11.7 points offthe index.COMPANY (RIC) DIVIDEND STOCK IMPACT (pence)OPTIONAssociated British Fo...Read More
(Corrects links)June 6 (Reuters) - South Korean and Hong Kong stocks led the Asia-Pacific region in May with gains of 6.44 percent and 4.25 percent, respectively. Buoyed by Moon Jae-in's presidential election win in May and inflows of near $8 billion this year, South Korean equities surged 26.35 percent year-to-date in dollar terms, followed by Indian equities which rose 24.81 percent in the same...Read More
By Chris ThomasJune 6 (Reuters) - Philippine shares fell on Tuesday, dragged down by losses in index heavyweights SM Investments Corp and SM Prime Holdings , while Malaysian shares extended gains into a third session to close at a two-year high.Broader Asian markets were subdued as escalating tensions in the Middle East, the impending testimony of the former FBI director, British elections and a E...Read More