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IRON ORE DAILY: Seaborne iron ore prices rise on surging billet market

April 02, 2018 / www.metalbulletin.com

Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More

CANADA STOCKS-TSX inches lower as financial, energy sectors weigh

April 02, 2018 / www.kitco.com

April 2 (Reuters) - Canada's main stock index fell on Mondaydue to losses in the financial and energy sectors amid a revivalin trade war fears after China decided to impose additionalduties on U.S. products.* At 9:52 a.m. ET (1352 GMT), the Toronto Stock Exchange'sS&P/TSX Composite Index fell 87.97 points, or 0.57percent, to 15,279.32.* The financial and energy sectors that together make up fo...Read More

COKING COAL DAILY: Buyers in seaborne market mull over next move

April 02, 2018 / www.metalbulletin.com

The seaborne coking coal market was quiet on Monday April 2 with prices for premium hard coking coal falling by 5% - about $10 per tonne - over the past week. Metal Bulletin's fob Australia Premium Hard Coking Coal Index ended the day at $193.05 per tonne, while the cfr China index was at $195.78 per tonne, both unchanged from last Thursday.The indices were not published last Friday due...Read More

BRAZIL GOVERNMENT LIST (April 2018)

April 02, 2018 / www.kitco.com

BRAZIL GOVERNMENT LISTPresident........................................Michel TEMER (Sworn in Aug. 31, 2016 after impeachment of Dilma Rousseff)Vice-President (vacant) - - - - - - - -MINISTERS:Agriculture......................................Blairo MAGGIBudget & Planning..............................Dyogo OLIVEIRACities........................................Alexandre BALDYCulture................Read More

CHINA HRC: Domestic trading thins on subdued paper market

April 02, 2018 / www.metalbulletin.com

China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More

COFCO Property plans to buy control of HK's Joy City for $2.4 bln

April 02, 2018 / www.kitco.com

HONG KONG, April 2 (Reuters) - Joy City Property Ltd said on Monday COFCO Property Group Co Ltd would buy a controlling 64.18 percent stake in the company fromVibrant Oak Ltd for 14.76 billion yuan ($2.35 billion), as partof a reorganisation of COFCO Corp.COFCO Property will issue 2.14 billion shares to Vibrant Oak to settle the acquisition, the Hong Kong-listed real estatefirm said in a filing to...Read More

MONEY MARKETS-U.S. rates futures hold losses after March U.S. ISM factory data

April 02, 2018 / www.kitco.com

NEW YORK, April 2 (Reuters) - U.S. short-term interest ratesfutures held at lower levels on Monday as the Institute forSupply Management's index on U.S. manufacturing activity fellmore than forecast in March. At 10:06 a.m. (1406 GMT), federal funds futures impliedtraders saw a 76 percent chance the Federal Reserve would raiseinterest rates at its June 12-13 meeting, littlechanged shortly before th...Read More

TABLE - CBOE most active puts and calls

April 02, 2018 / www.kitco.com

April 2 (Reuters) - The Chicago Board Options Exchange published the top ten active equity options on Monday. The following are the most active calls and puts as of 04:30 p.m. EDT (2030 GMT):CBOE TOP TEN MOST ACTIVE CALLS - Equity OptionsRanking SymbolExpiry Date Strike PriceSeries Volume Last Sale Price Net Change------------------------------------------------------------------------------------...Read More

BUZZ-Commvault Systems: Surges after Elliott reveals stake

April 02, 2018 / www.kitco.com

** Software developer's shares up 11.7 pct at$63.90 in early trading after Elliott Management reveals stake** Among top pct gainers across U.S. exchanges and on pacefor its best day in over 2 years** Hedge fund discloses 10.3 pct stake in company, whichwould make it the biggest stakeholder; also nominates 4directors to CLVT's board** Elliott urges CVLT to start an operational review andreturn capi...Read More

TABLE-Analysts trim forecasts on Mexican inflation this year

April 02, 2018 / www.kitco.com

MEXICO CITY, April 2 (Reuters) - Analysts trimmed theirexpectations for Mexican inflation this year while holdingsteady on the 2018 growth outlook, a central bank survey showedon Monday.The central bank, which targets inflation of 3 percent witha one percentage point tolerance zone each side, raised itsbenchmark interest rate to a nine-year high of 7.50 percent inFebruary. MarchFeb Inflation, end...Read More

TABLE-U.S. Feb construction spending rises 0.1 pct

April 02, 2018 / www.kitco.com

April 2 (Reuters) - U.S. Commerce Department seasonally adjusted annual rates of construction spending, with comparisons:PERCENT CHANGE: FebJanFeb'18/17Total Spending0.1 unch3.0 Private Spending 0.7 -0.73.4 Residential0.10.15.5 Lodging2.73.0 12.5 Office 6.5 -2.12.1 Commercial 1.2 -2.17.6 Transportation-1.32.5 31.3 Manufacturing1.21.2 -5.6 Public Spending -2.12.31.6 Educational -0.51.73.0 Highways/...Read More

TABLE-Trade estimates for USDA grain export inspections

April 02, 2018 / www.kitco.com

April 2 (Reuters) - The U.S. Department of Agriculture isexpected to release its weekly grain and oilseed exportinspections report at 10:00 a.m. CDT (1500 GMT) on Monday. Export inspection estimates for U.S. grain and soybeans areas follows, in tonnes, according to trade industry analysts: RangePrevious week Wheat 275,000-425,000 278,815 Corn1,000,000-1,400,000 1,153,963 Soybeans300,000-700,000 58...Read More

BUZZ-CAD firms on PMI beat

April 02, 2018 / www.kitco.com

* March Canadian Manufacturing PMI ticks higher to 55.7 * Markit survey finds cost inflation highest in 4 years * USDCAD stuck in middle of narrow 1.2800-1.2950 range for eight day* But CAD vulnerable to weakening commodity sector* CFTC data shows specs in sharp shift from long to short CAD in latest week<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CAD Positioning: ^^^^^^^^^^^^^^...Read More

BUZZ-Amazon: Drops after Trump tweets fresh attack

April 02, 2018 / www.kitco.com

** Amazon's shares down ~3 pct, falling for the 3rdstraight day after facing fresh backlash from President Trump** Trump's latest tweet : "Only fools, or worse, are saying that our money losing PostOffice makes money with Amazon. THEY LOSE A FORTUNE, and thiswill be changed. Also, our fully tax paying retailers areclosing stores all over the country...not a level playingfield!"** Trump t...Read More

TABLE - Pakistan economic indicators

April 02, 2018 / www.kitco.com

KARACHI, Pakistan, April 2 (Reuters) -DAILY INDICATORS Monday PREVIOUS Floating Interbank Rate (Rs/$)115.45/115.52114.42/115.50 Rupee/US$ (kerb market) 116.00 115.80 Karachi 100-share Index 45,741.4345,560.30 Gold (Karachi) Rs/10 gm 50,571.8650,442.42CENTRAL BANK AUCTIONSTreasury bill auction results:Cut-off yield (pct) at auction onMarch 28March 14 Three-month bills6.25916.2591 Six-month billsBi...Read More

UPDATE 2-Elliott discloses stake in Commvault, nominates 4 directors

April 02, 2018 / www.kitco.com

(New throughout, updates share price, adds analyst comment,details on board nominees)By Munsif Vengattil and Liana B. BakerApril 2 (Reuters) - Hedge fund Elliott Management Corp onMonday disclosed a 10.3 percent stake in Commvault Systems Inc and nominated four directors to the data softwaredeveloper's board, sending the company's shares up almost 12percent.Elliott, whose new stake makes it one of...Read More

CANADA STOCKS-TSX opens lower as China tariffs renew global trade war worries

April 02, 2018 / www.kitco.com

April 2 (Reuters) - Canada's main stock index opened loweron Monday as the energy sector lagged, and China's move toimpose additional duties on U.S. products revived global tradewar concerns.* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange'sS&P/TSX Composite Index was down 67.96 points, or 0.44percent, to 15,299.33. Nine of the 11 main sectors were in thered. (Reporting by Medha Singh...Read More

Hudson's Bay shares drop after security breach at Saks, Lord&Taylor stores

April 02, 2018 / www.kitco.com

TORONTO, April 2 (Reuters) - Hudson's Bay sharesdropped on Monday after the Canadian department store operatorreported security breaches at some of its Saks Fifth Avenue,Saks OFF 5th and Lord & Taylor stores on Sunday.The company's shares fell as much as 6.2 percent and weretrading 5.7 percent lower at C$8.41 as of 9:37 ET (1337 GMT),compared with a 0.2 percent loss on the Toronto stock benchm...Read More

Gold extends gains in a run to safety

April 02, 2018 / www.fxstreet.com

Gold prices trimmed half of last week's losses, as Wall Street falls. New tariffs from China to US agricultural products adds to tech-related equities' woes. Demand for safe-haven gold increased after the US opening, with the bright metal trading near a daily high of $1,340.24 a troy ounce. Spot is up roughly $13.00 ever since the day started, with the Momentum accelerating as Wall Stree...Read More

Why Gold Prices Will Overcome the Dollar's Recent Strength

April 02, 2018 / moneymorning.com

Peter KrauthGold prices took a hit last week, giving back most of the previous week's gains, but that was only a temporary pullback.After the best week in nearly two years, the price of gold took a hit after a small relief rally in the U.S. dollar.But the dollar's strength won't last much longer.The dollar is likely still in the midst of a longer-term bear market, and bouts of strength tend to be...Read More

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