SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
Alas, my long standing and vociferous disdain for all professional sport, the Australian cricket team in particular, has not protected me from the slings and arrows of my British chums ever on the hunt for an excuse to give me a kicking. And gosh aren't they laying in now for all they are worth.Read More
Anthony Coombs, chairman of S&U PLC (LON:SUS) told Proactive he expects the used car market to remain strong and underpin another good year for the finance firm.Unlike new cars, the used car finance market grew by 6% in 2017 helping S&U lift profits by 20%.''Our customers are in the middle of the non-prime market who need a car to get to work and who are good, reliable payers'', he says.Th...Read More
Ben Blanchard, Joyce LeeBEIJING/SEOUL (Reuters) - China said on Wednesday North Korean leader Kim Jong Un pledged to denuclearize the Korean peninsula during an historic meeting in Beijing with President Xi Jinping, who promised China would uphold its friendship with its isolated neighbor.After two days of speculation, China and North Korea both confirmed on Wednesday that Kim had visited Beijing...Read More
Today Intraday Nickel Call – BUY Nickel APRIL at CMP 848 for Target 855 – 862 with SL below price 839. Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - How does one create as much gold that weighs about as much as the earth? Simple: bring two neutron stars together. Last summer, astronomers witnessed a powerful collision between two neutron stars, which saw the creation of precious metals like gold from the explosion. Months after reviewing the massive amounts of data gathered after the event, scientists now have a better understan...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
SHANGHAI, Mar 28 (SMM) –Copper: LME copper rose above the five-day moving average overnight for the first time in five to six days. This trend is likely to stabilise, but growing inventories of LME copper will weigh on the prices. We see it trading at $6,620-6,680/mt today. SHFE copper lacks strong support as domestic demand has not fully recovered and as supply of refined cop...Read More
SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More
LNG Capital's Louis Gargour tells Proactive Investors Europe's at a different place economically than the US.''The Fed has actually said they're going to raise rates four times this year ... Draghi has said he might finish tapering.''''The States is growing at over 2%, Europe is nowhere near that and I think there's a very big difference as to where the two Central Banks are.''''For bond investors...Read More
March 28 (Reuters) - Gold prices edged higher on Wednesday buoyed by a softer dollar, a day after the yellow metal recorded its biggest one-day percentage fall in nearly two weeks as U.S.-China trade spat concerns eased.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,346.96 per ounce at 0135 GMT. Prices dropped 0.6 percent on Tuesday, their biggest one-day percentage decline since March 15.* U.S....Read More
Copper Call – Copper Tips 2d3 Advised Sell at 431.20 (430.40+432) Triggered SL at price 434.10. Total 2.9 Points SL hit per lotTIPS ID 2d3 : Copper Free Tips Today - SELL Copper at CMP 430.40 Add more at price 432 with SL Above 434.10 for Target 427 - 425.50AFTER POST CONTENT Read More
TORONTO Reuters) - Canadian mining magnate Peter Munk, who built Barrick Gold Corp from a single mine into the world's largest producer of gold, has died at the age of 90, the company said on Wednesday.The blunt-spoken miner became renowned for his philanthropy, donating millions to healthcare and at universities in Toronto and Israel. Munk was invested as a Companion to the Order of Canada, the c...Read More
SHANGHAI, Mar 28 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar rebounded overnight as concerns of a trade war eased. Month-end capital flows and a weakening euro also buoyed the index.Most base metals climbed up but with limited gains due to the rebound in the greenback. SHFE copper inched up, while zinc dipped. LME...Read More
SHANGHAI, Mar 28 (SMM) –Copper: LME copper rose above the five-day moving average overnight for the first time in five to six days. This trend is likely to stabilise, but growing inventories of LME copper will weigh on the prices. We see it trading at $6,620-6,680/mt today. SHFE copper lacks strong support as domestic demand has not fully recovered and as supply of refined cop...Read More
Simon Fuller, chief financial officer of McColl's Retail Group (LON:MCLS) tells Proactive's Andrew Scott the future for them lies in being a bigger fresh food business''The big transformation for us now is to go from what was originally a newsagent business to a convenience business and now to a food business''.''That's really the next stage of our evolution''.Fuller adds: ''We're in a growing par...Read More
WASHINGTON (Reuters) - President Donald Trump’s top trade envoy said on Wednesday he will give China a 60-day window before tariffs on Chinese goods take effect, but added that it would take years to bring the two countries’ trading relationship “to a good place.”U.S. Trade Representative Robert Lighthizer, speaking on CNBC television, said the soon-to-be revealed tariff li...Read More
While the proposed process only applies to projects or activities that have potential effects on matters of federal jurisdiction, given the nature of projects, any significant new mine would be subject to this process.Read More
Today Zinc Free Tips – Zinc April Sell call 2e1 given at price 214.60 Made low 213.40 (05:33pm) Achieved 1st Target 213.50. Profit of 1.10 Points per lotTIPS ID 2e1 : Tips for Zinc Today - SELL Zinc APRIL at CMP 214.60 for Target 213.50 - 212.80 with Small SL Above price 215.20AFTER POST CONTENT Read More