LONDON (Reuters) - Oil prices rose on Monday ahead of an OPEC meeting this week that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China.U.S. light crude oil CLc1 hit a two-month low of $63.59 a barrel but they recovered to trade at $65.00, down 6 cents, by 1140 GMT.Benchmark Brent LCOc1, meanwhile, rose mor...Read More
Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million.The silver stream will come from Falco's Horne 5 property in Rouyn-Noranda, Qu?(C)bec.Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to 20% of the spot price of silver to a maximum of US$6 per ounce.Horne 5, a developmen...Read More
Mario Draghi said the euro-area economy is strong enough to overcome increased risk, and therefore this justifies the European Central Bank's decision to end bondContinue...Read More
Oil prices are up over the past year, which is bad if you're, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) Continue...Read More
* Investors wait for more clues on rate outlook* Most bond yields flat to lower* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds quote)By Dhara RanasingheLONDON, June 18 (Reuters) - Most government bond yields in the euro zone were steady to a touch lower on Monday, kept down by the European Central Bank’s signalling last week that it will keep interest rates l...Read More
TOKYO (Reuters) - Eighteen months after Donald Trump became U.S. president and started shaking up global diplomacy, Japan is waking up to the risks of an alliance based on dollars and deals rather than shared values and security interests.For decades, U.S. and Japanese leaders have stressed that the two countries’ alliance was based on values such as democracy, freedom and the rule of law. O...Read More
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least Continue...Read More
President Trump directs Pentagon, Defense Department to 'immediately begin the process' of establishing 'space force' as sixth military branchContinue...Read More
Bob Moriarty of 321 Gold profiles a prospect generator in the Golden Triangle. The Daily Sentiment Indicator tumbled to a value of 9 on Friday Jun 15th. I have said for weeks that we are due a tradable low in the June/July timeframe and it would need to be below 10. So we are in the timeframe and it is below 10. It's just my opinion but I still see too many bulls and I suspect the low is a couple...Read More
Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say Continue...Read More
BERLIN (Reuters) - The German economy should rebound in the second quarter after a weak start to the year, the Bundesbank said on Monday, as a wave of flu dissipates and state spending rises.German growth halved to 0.3 percent in January-March compared with the previous three months due to weaker trade and less state spending. In addition, the threat of escalation in a trade row with the United St...Read More
Sifting through Twitter, I came across a curious assertion posited as a reply to a post on Continue...Read More
China's metal processing and mining equipment sectors will be counting the cost of new tariffs announced on Friday June 15 by United States Trade Representative (USTR) Robert Lighthizer.They involve $50 billion worth of Chinese exports being hit by 25% duties, additional to duties already applied. They will cover China-made exports of a wide range of metal-making and mining machinery, and a s...Read More
Rebounding oil prices could not help the stock market todayThe Dow suffered a triple-digit loss today, extending its post-Fed skid to five days, as fears of a trade war with China linger.The blue-chip benchmark, which is now mired in its longest losing streak since April, was also dinged byrough days for newly downgraded Intel (INTC) and Walt Disney (DIS) stocks.The S&P 500 also finished lower, de...Read More
China's crude steel and finished steel output both rose year on year in May, helped by higher prices and improved producer margins.Steelmakers in China produced 81.13 million tonnes of crude steel last month, up 8.9% from a year ago, the country's National Bureau of Statistics (NBS) said on Thursday June 14. The country's finished steel output also...Read More
Speculators are buying to open the weekly 6/22 54-strike callIntel Corporation (NASDAQ:INTC) is the worst Dow stock today, after Northland Capital Markets downgraded the chipmaker to "underperform" from "market perform," and slashed its price target to $45 from $53. The brokerage firm cited expectations for increased competition from Advanced Micro Devices (AMD) and Nvidia (NVDA) as data centers s...Read More
Arrowhead Pharmaceuticals continues to shineStocks are trading lower, with the Dow down triple digits with less than an hour to go in the session. However, a few names making positive moves today -- all near the top of Nasdaq -- include drug stocks Verastem Inc (NASDAQ:VSTM), PTC Therapeutics, Inc. (NASDAQ:PTCT) and Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR). Below, we will take a closer look...Read More
The apparel name's rally could be overRetail sales were impressive in May, and the month was a strong one for apparel giant Hanesbrands Inc. (NYSE:HBI), too. However, the retail stock could be headed for trouble, after running into a key trendline that has had historically bearish implications. At last check, the security was up 2.2% to trade at $20.76, but still remains below its year-to-date b...Read More
The FDA declined to approve Valeant's plaque psoriasis lotionThe shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) are falling after recent Food and Drug Administration (FDA) notices. Specifically, the FDA declined to approve Valeant's treatment for plaque psoriasis, sparking an early gap lower for VRX stock. Meanwhile, the regulators placed a clinical...Read More
Weekly NVDA calls have especially been popularNvidia Corporation (NASDAQ:NVDA) is trading lower today, despite more bullish commentary from the analyst community. This time it was UBS that weighed in on the chipmaker, boosting its price target $285 from $266, saying the mass adoption of facial recognition technology, especially in China, will be a boon to the company's earnings. NVDA stock was las...Read More