* RBA holds rates at 1.5 pct on optimism for outlook* Q1 economic growth seen around 0.2 pct q/q, 1.6 pct y/y* Current account deficit of A$3.1 bln misses forecasts* Net exports trim 0.7 ppt from Q1 GDP as bad weather hits volumes By Wayne Cole and Swati PandeySYDNEY, June 6 (Reuters) - Australia's central bank held interest rates for a 10th month on Tuesday, taking an optimistic tone on the econ...Read More
* Investors cautious ahead of coming major events* Peso falls on benign May inflation data* Baht gains after relaxation of FX measures (Adds text, updates prices)By PatturajaMurugaboopathy June 6 (Reuters) - Most Asian currencies edged up against the dollar on Tuesday, though the same global developments that hurt the greenback also reduced risk appetites for cautious investors. Against the yen ,...Read More
TOKYO, June 6 (Reuters) - Japan's Nikkei share average slumped on Tuesday, surrendering the 20,000 level after losses on Wall Street and a stronger yen sapped sentiment.The Nikkei ended down 1 percent at 19,979.90, moving away from Friday's high of 20,239.81, which was its loftiest since August 2015. U.S. stocks edged down on Monday, and a stronger currency also weighed on Japanese shares. The dol...Read More
June 6 (Reuters) - British challenger bank Shawbrook Group Plc said it rejected a raised and final 868 million pounds ($1.12 billion)offer from private equity groups trying to take control of the lender."Independent directors believe that the final offer undervalues Shawbrook and its prospects and therefore advise that shareholders take no action with regards to the final offer," Shawbrook said in...Read More
* Shares fall as much as 6.3 pct* Market needs time to understand such instruments - traders* At least $1.3 bln of listings expected from InvITs (Adds quotes, background)By Swati BhatMUMBAI, June 6 (Reuters) - India Grid Trust's shares fell as much as 6.3 percent on their debut on Tuesday, clouding the listing prospect for other infrastructure investment funds after raising 22.5 billionrupees ($34...Read More
ZURICH, June 6 (Reuters) - The Swiss blue-chip SMI was seen opening 0.9 percent lower at 8,963 points on Tuesday, according to premarket indications by bank Julius Baer .Here are some of the main factors expected to affect Swiss stocks:ROCHE A clinical trial combining Roche's newer targeted drug for breast cancer with an older treatment resulted in a modest benefit for women with a specific type o...Read More
* Dollar/yen slips below 110.00, dollar index hits 7-mth low* Caution begins to mount ahead of UK elections, Comey testimony* RBA stands pat on rates as expected, Aussie pares losses (Updates with reaction to RBA's policy decision)By Shinichi SaoshiroTOKYO, June 6 (Reuters) - The dollar hit a six-week low against the safe-haven yen on Tuesday, with investors cautious ahead of Britain's election, a...Read More
DUBAI, June 6 (Reuters) - Qatar's stock market may remain weak on Tuesday after Saudi Arabia, Egypt and the United Arab Emirates severed ties with Doha, but the drop should slow from Monday's 7.3 percent plunge, fund managers said.Monday's panic selling may ease if investors start speculating about the possibility of some kind of negotiated solution, while some traders think Qatari state-linked fu...Read More
TOKYO, June 6 (Reuters) - Japanese government bond prices inched down on Tuesday with the market weighed down by an overnight slip in U.S. Treasuries, although firm demand for new 30-year debt helped contain the losses.The benchmark 10-year JGB yield was half a basis point higher at 0.050 percent. The 20-year yield was unchanged at 0.560 percent.The bid-to-cover ratio, a gauge of demand, at Tuesda...Read More
By Chris ThomasJune 6 (Reuters) - Southeast Asian stock markets, except Vietnam, were sluggish on Tuesday, taking a cue from Asian peers that fell as global risk appetite dampened amid escalating tensions in the Middle East and ahead of key events later this week.Asian shares pulled back from a two-year high hit on Monday, with MSCI's broadest index of Asia-Pacific shares outside Japan falling 0.2...Read More
* SSEC -0.2 pct, CSI300 +0.1 pct, HSI +0.4 pct* China May data expected to show stable economic growth* Evergrande shares hit record high after bond redemption plan SHANGHAI, June 6 (Reuters) - China stocks were flat in subdued trade on Tuesday morning, as investors pondered the impact of new regulations on initial public offerings and awaited a flurry of Chinese economic data. The CSI300 index r...Read More
MANILA, June 6 (Reuters) - The Philippine government expressed concern over several Arab powers breaking off diplomatic ties with Qatar, saying this may have "ripple effects" on Filipinos working overseas."Concerned government agencies are looking at the matter and will extend assistance and other support for OFWs (Overseas Filipino Workers) who may be affected by such action." Ernesto Abella, pre...Read More
SYDNEY, June 6 (Reuters) - Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signalled a steady outlook for much of the year ahead.The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 68 analysts had found all but one expected a steady outcome this week. (Reporting...Read More
* Dollar hits seven-month low against basket of currencies* Palladium hits fresh high since Sept. 2014* Silver marks highest since April 25 (Updates prices, adds quote)By Vijaykumar VedalaBENGALURU, June 6 Gold touched its highest innear seven weeks on Tuesday as Asian stock markets and thedollar weakened ahead of a UK national election and a EuropeanCentral Bank meeting due later this week. James...Read More
The European Central Bank meeting next week will shed more light on their expectations for the current quantitative easing program.The UK election could create additional volatility and if there is an upset, the pound could depreciate heavily.The May jobs report showed a wide miss versus expectations, however a rate hike is still on for the June FOMC.Investors should continue to retain their hedge...Read More
Roxgold achieved commercial production at the high grade gold Yaramoko mine in 2016 and is now raking in the first profits and paying back debt.The company has a P / 2017E CF of 5.0 and P/E of 24.3 and it plan to grow production 50% in 2019.Burkina Faso is a reliable jurisdiction and Roxgold could be a possible acquisition target as the region is subject to intense M&A activity.Based on my valuati...Read More
(Kitco News) - World stock markets were mostly weaker overnight and U.S. stock indexes are also pointed toward slightly lower openings when the New York day session begins. There is a bit of risk aversion in the marketplace early this week, ahead of key happenings later this week. Also, with many stock indexes around the world at or near record or multi-year highs, there is some normal profit-tak...Read More
Please Note: There will not be any Gold Seeker reports for the next week or two. CloseGain/LossGold $1293.80+$14.20Silver$17.69+$0.12XAU87.39+5.13%HUI204.55+6.07%GDM661.77+4.62%JSE Gold1410.81+91.44USD96.54-0.27Euro112.79+0.21Yen91.37+0.87Oil$48.19+$0.7910-Year2.143%-0.037T-Bond156.375+0.71875Dow21136.23-0.23%Nasdaq6275.06-0.33%S&P2429.33-0.28% The Metals: Gold climbed higher throughout m...Read More
By Bill Holter As an addendum to yesterday's subscriber article, the topic of "time and sales" needs to be discussed. "Time and sales" is a very simple report that can be requested by literally anyone in any market. For example, when I was a young broker I had a large client who traded a minimum 10,000 shares at a clip. From time to time he would request a time and sales report to make s...Read More
Graceland Updates By Stewart Thomson 1. Gold is the world's ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it's starting to look like the month of June could be a serious "barnburner".2. Please click here now. Double-click to enlarge this daily bars gold chart.3. Gold tends to stage a de...Read More