The latest news and price moves to start the Asian day on Tuesday April 3.Comex copper prices traded at a one-week high on Monday morning in the United States following a wave of positive Chinese manufacturing data. Read more in our live futures report.The London Metal Exchange was closed on April 2 for Easter Monday.China has dealt a serious blow to the US aluminium scrap industry, offi...Read More
* USD/JPY back below Kijun support at 106.12; 105.80 next prop* Stocks under pressure led by techs, particularly AMZN* S&Ps by key 200-DMA prop @2,589: close below is USD/JPY sell* ISM Prices Paid highest since Apr '11; New Ord lowest since Aug* Employment also softer pre-Fri NFP Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
* U.S. cuts 3-month, 6-month bill supply by $3 bln each* U.S. reduces 1-month T-bill issuance by $10 bln* Annual tax season seen filling U.S. government's coffer (Recasts with detail on expected revenues; adds details,graphic, quotes)By Richard LeongNEW YORK, April 2 (Reuters) - The U.S. Treasury Departmentreduced the amount of short-term debt for sale this week, as thegovernment is expected to co...Read More
Click the following link to watch video: Source: Reuters InsiderDescription: The U.S. National Transportation Safety Board said it's "unhappy"that Tesla made public information about a deadly crash involving a Model Xvehicle. Fred Katayama reports.Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author...Read More
NEW YORK, April 2 (Reuters) - For details of the U.S.Treasury's auction of 4-week bills on Tuesday, see: (Reuters New York newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such...Read More
Regardless of the merits or demerits of the Amazon business model, prosecutors could bring a case against "bigness" per se as an example to the rest of Corporate America and to demonstrate that the antitrust laws are an effective government tool.And it all begins with a letter.Antitrust suits do not start with full-blown litigation on day one. They begin with a letter of inquiry. This notifies the...Read More
(Updates shares, adds UNH)** Shares of health insurer Humana Inc up ~6.3 pctat $285.79 and Walmart shares down ~3 pct at $86.27** WMT is in talks with HUM to expand their partnership orpossibly buy out the company, sources told Reuters last week** Deal would follow recent trend of retailers buyinginsurers, with CVS Health's $69 bln deal for Aetna and Cigna's $54 bln deal for Express Scripts ** Tie...Read More
President Trump has ratcheted up his war of words against Amazon.Late last week, Trump tweeted that Amazon is having a negative impact on competing retailers, as well as the federal and local governments:I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tr...Read More
* Eikon search string for individual stock moves: * The Day Ahead newsletter: * The Morning News Call newsletter: A dreadful week for technology stocks worsened on Monday as Amazon and Teslashares fell further, setting a grim tone for markets already worried aboutChina's decision to raise import tariffs on U.S. products. At 10:30 ET, the Dow Jones Industrial Average was down 0.62 percentat 23,953....Read More
** IT services company's shares drop as much as 16pct to hit over 1-1/2 year low of $99.51 in early trading afterQ2 forecast falls largely below estimates** Stock is on pace for its worst day in over 13 years** Company guides Q2 adj profit below Street expectationsand forecasts Q2 revenue, whose midpoint fall below estimates ** Stifel cuts PT by $12 to $140, says weak forecastprimarily due to near...Read More
(Adds details from ISM survey, updates markets)* ISM national factory index falls 1.5 points in March* New orders, employment indexes decline* Construction spending edges up 0.1 percent in February By Lucia MutikaniWASHINGTON, April 2 (Reuters) - U.S. factory activity slowedin March amid shortages of skilled workers and rising capacityconstraints, but growth in the manufacturing sector remainsunde...Read More
(Corrects YTD number in last bullet)** Canadian retailer's shares fall as much as ~6.8pct after disclosing security breaches at some N. America stores ** HBC last down 4.3 pct, 5th biggest pct loser on the TSX , which is off 0.5 pct** Hudson's Bay on Sunday reported security breaches at someof its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor storesacross North America ** Co says "tak...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump renewed calls for Congress to pass immigration legislation on Monday, one day after saying he would not consider a deal to protect young immigrants.“Congress must immediately pass Border Legislation, use Nuclear Option if necessary, to stop the massive inflow of Drugs and People ... Act now Congress, our country is being stolen!” Trump...Read More
* Tesla drops after saying crashed car was on autopilot* Humana up after report Walmart discussing tie-up,acquisition* Amazon falls after Trump again targets the online giant* Indexes down: Dow 0.19 pct, S&P 0.67 pct, Nasdaq 1.18 pct(Updates to open)By Sruthi ShankarApril 2 (Reuters) - A dreadful week for technology stocksworsened on Monday as Amazon and Tesla shares fell further,setting a gri...Read More
MEXICO CITY, April 2 (Reuters)- Activity in Mexico's manufacturing sector rose in March, recovering from a dip in the previous month, as new orders jumped and fueled new hires, a survey showed on Monday.The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 52.4 in March, bouncing back from a four-month low of 51.6 in February.A reading above 50 signals expansion in the sector, whi...Read More
* Third day of profit-taking in Saudi after FTSE decision* Qatar stocks keep rising on higher foreign ownershiplimits* Dubai's Emaar Properties at new 23-month low* Bahrain ignores news of big oil find* Egyptian Chemical soars in heaviest trade for decadesBy Katie PaulDUBAI, April 2 (Reuters) - Saudi Arabia's stock marketclosed down on Monday, falling for a third straight day afterFTSE Russell dec...Read More
(Adds details on USPS, analyst comments, updates shares)April 2 (Reuters) - Shares of Amazon.com Inc fell 6percent on Monday after U.S. President Donald Trump againattacked the online retailer over the pricing of its deliveriesthrough the United States Postal Service and promisedunspecified changes. "Only fools, or worse, are saying that our money losing PostOffice makes money with Amazon,&qu...Read More
** No. 1 U.S. meat processor's shares falls 5 pct to$69.49 after China slapped extra tariffs of up to 25 percent on128 U.S. products, including frozen pork** Extra tariffs also on products like wine, certain fruitsand nuts in response to steep U.S. tariffs on imports ofaluminum, steel ** Separately, U.S. President Donald Trump is preparing toimpose tariffs of more than $50 bln on Chinese tech good...Read More
(Corrects headline to show Co was buying, not selling, the U.S.business)** Canadian printing company up ~6 pct, easingfrom a surge of as much as 16 pct** Co to buy U.S. operations of Coveris Holdings S.A. for$1.32 bln using cash and debt ** Trade volumes slightly over 1x 30-DMA by 1400 GMT** Stock now up 8.5 pct this year (Reporting by Ahmed Farhatha) Disclaimer: The views expressed in this arti...Read More