- "Chaotic" Brexit more likely after Davis, Johnson resignations from UK government- London's rivals are slowly carving chunks out of its financial services business- UK's Brexit options are increasingly unappealing which may pressure the pound- Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs- Risk of "death by a thousand cuts"...Read More

Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver...Read More

Antimony prices were stable in Europe over the past week, while prices in China moved down slightly amid continued sluggish demand. Prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam stood at $7,900-8,150 per tonne on Friday, unchanged from the mid-week assessment when prices had remained stable."I've been trying to get offers below the Metal Bulletin lo...Read More

BRUSSELS (Reuters) - European Council President Donald Tusk told U.S. President Donald Trump on Tuesday to stop berating NATO allies over military investment levels ahead of what is expected to be a fraught alliance summit.Before taking off for Brussels, Trump again chided fellow NATO members for not contributing enough to the alliance while maintaining a trade surplus with the United States, his...Read More

Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More

NEW YORK (Reuters) - The dollar neared a six-month high against the safe-haven Japanese yen on Tuesday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.Investors appear to be shrugging off the deepening trade conflict between the United States and China and focusing instead on the positive outlook for second-quarter corporate earnings,...Read More

Report card time U.S. companies are set for one of the strongest quarterly earnings seasons in a decade, according to FactSet estimates, as surging economic growth, rising oil prices and Republican-led tax cuts continue to boost corporate America's collective bottom line. With the Atlanta Federal Reserve's GDPNow forecast suggesting a 3.8% second quarter growth rate, a figure that fall...Read More

LONDON (Reuters) - Sterling recovered some of the losses suffered after two ministers quit over the government’s Brexit plans with markets expecting Theresa May to survive as prime minister to start negotiating her blueprint with the European Union.The pound only briefly remained in positive territory on Tuesday, however, after official gross domestic product data was in line with forecasts...Read More

Drilling operations at Erdene's Bayan Khundii gold project in southwest Mongolia. Source: Erdene Resource Development Corp.Erdene Resource Development Corp. [ERD-TSX; ERDCF-OTC] has released results for the third series of drill holes from its second quarter 2018 drill program at the company’s 100%-owned Bayan Khundii gold project in southwest Mongolia.“The final results from our Q2 Ba...Read More

LONDON (Reuters) - Britain’s economy picked up a bit of speed in May after slowing in early 2018, according to official figures that are likely to give the Bank of England more confidence about raising interest rates next month.A new monthly reading of gross domestic product showed the world’s fifth-biggest economy grew by 0.3 percent in May from April.That was up from growth of 0.2 pe...Read More

LONDON (Reuters) - World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and hopes that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot.Wall Street was set for a firmer opening after enjoying its best session in a month on Monday, its gains filtering across Asia, where bourses...Read More

Drilling at the Las Minas Project in Veracruz State, Mexico. Source: Mexican Gold Corp.Mexican Gold Corp.‘s [MEX-TSXV; MEXGF-OTCQB; 4QW1-FSE] field exploration program at Pueblo Nuevo, part of the La Minas Project 270 km east of Mexico City in Veracrus State, Mexico, continues to yield high-grade sampling results. Recent assays from sampling of newly discovered surface outcrops and historica...Read More

WASHINGTON (Reuters) - It may soon become difficult to determine who sits in the hotter seat: U.S. President Donald Trump’s Supreme Court nominee Brett Kavanaugh or Senate Democrats from conservative states who must decide whether they are jeopardizing their political careers by opposing him.Trump, a Republican, named Kavanaugh, a federal appeals court judge from Washington, to the highest c...Read More

Comex copper prices slipped in morning trading on Tuesday July 10, with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.Copper for September settlement on the Comex division of the New York Mercantile Exchange fell 1.3 cents or 0.5% to trade recently at $2.8370 per lb. Continued uncertainty surrounding trade relations...Read More

LONDON (Reuters) - The Chinese yuan rebounded and the dollar strengthened broadly on Monday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.As the second quarter corporate earnings season begins, investors appear to be ignoring the deepening conflict between the United States and China over trade.Instead the focus is on decent economic...Read More

* Escalating trade tensions give rise to risk aversion* Premium for cash aluminium over three-month rises (Recasts, adds comment, changes dateline from Beijing)By Yilei SunLONDON, July 10 (Reuters) - Zinc prices fell to their lowest in more than a year on Tuesday as expectations of rising supplies and a narrowing deficit sparked a sell-off that accelerated after prices fell below key technical sup...Read More

GENEVA (Reuters) - Switzerland has launched a complaint at the World Trade Organization against U.S. tariffs on steel and aluminum, it said on Tuesday, the eighth WTO member to start such a challenge.“From Switzerland’s point of view, the additional duties, which according to the U.S. have been introduced to protect national security, are unjustified,” the statement from the Swis...Read More

LONDON (Reuters) - Iran’s vice president acknowledged on Tuesday that U.S. sanctions would hurt the economy, but promised to “sell as much oil as we can” and protect banking.Eshaq Jahangiri said Washington was trying to stop Iran’s petrochemical, steel and copper exports. “America seeks to reduce Iran’s oil sales, our vital source of income, to zero,” he s...Read More

The Tuesday Market Minute Global stocks steady, China dips modestly, ahead of U.S. earnings seasons kickoff.FactSet forecasting 20% Q2 earnings growth, down from 24.8% in Q1, but still one of the best quarters since 2010.China's faster-than-expected factory gate inflation points to potential price increases as commodity costs surge.New supply disruption concern in Norway pushes crude prices high...Read More

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (up 96.38 points to 16,548.72, a record high)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.66 per cent, to $5.40 on 11.6 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 22 cents, or 4.92 per cent, to $4.69 on 5.3 million shares.Neovasc Inc. (TSX:NVC)...Read More