LONDON (Reuters) - As global stock markets head for one of their worst months in a decade and bond market volatility surges to more than four-month highs, the stampede out of risk has left the foreign exchange market largely unmoved.Riskier currencies - from emerging markets or linked to commodity prices - have not suffered the sharp selloffs that would normally be expected when panicked investors...Read More
LONDON (Reuters) - Britain has raised its official forecast for economic growth in 2019 while the outlook for subsequent years was unchanged or slightly higher, finance minister Philip Hammond said on Monday as he outlined his annual budget.The country's official budget forecasters now expect gross domestic product will grow by 1.6 percent in 2019, compared with a forecast of 1.3 percent made in M...Read More
BEIJING, Oct 29 - Jiangxi Copper Co, one of China's leading copper producers, lifted third-quarter net profit by 2.3 percent year on year to its highest since 2014 as bumper treatment charges offset falling copper prices.The Nanchang-based company, which is still without a general manager after the departure of Wu Yuneng in July, earned net income of 767.3 million yuan ($110.31 million) in the thr...Read More
BEIJING, Oct 29 - Jiangxi Copper Co, one of China's leading copper producers, lifted third-quarter net profit by 2.3 percent year on year to its highest since 2014 as bumper treatment charges offset falling copper prices.The Nanchang-based company, which is still without a general manager after the departure of Wu Yuneng in July, earned net income of 767.3 million yuan ($110.31 million) in the thr...Read More
Booming FAANG stocks are lifting the S&P and NasdaqThe Dow Jones Industrial Average (DJI) is kicking off the new week with a bang, up more than 250 points at midday. Auto stocks in particular are booming today, thanks to a Bloomberg report that China is considering a significant cut in an auto tax. A big M&A announcement in the tech sector is stoking the bullish flames, too. As such, the S&P 50...Read More
HARARE, Oct 29 (Reuters) - Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. ZLC expects to produce its first concentrates of 4,000 tonnes per month in the second quarter of next year.John McTaggart said ZLC was in discussi...Read More
Markets Gold and Oil Merkel US futures get week off to a positive start Risk appetite is gradually improving throughout the morning in Europe and the US is following in its lead with futures comfortably higher ahead of the open on Wall Street. I’m still far from confident that we’re through the other side of this particular storm and the coming week could be just as turbulent a...Read More
GENEVA (Reuters) - The United States urged European Union governments on Monday to reflect on whether it was really in their interest for the EU to go ahead with a trade dispute over U.S. metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada.U.S. Ambassador Dennis Shea told the WTO’s monthly dispute settlement meeting, which was considering 12 requests for adju...Read More
LONDON (Reuters) - European shares, set for their worst monthly performance since August 2015, opened in positive territory on Monday in a tentative rebound from a sell-off which has depressed them to a level not seen since December 2016.At 0957 GMT, the pan-European STOXX 600 was up 1 percent with most bourses firmly in the black with U.S. stock futures turning positive despite worries about Chin...Read More
Historically low stocks, a yawning supply deficit and a depleted pipeline of future mine growth. Lead has all the hallmarks of a classic bull commodity story. Yet the unglamorous metal has been the worst performer this year among the core base metals traded on the London Metal Exchange (LME).LME three-month lead is currently trading around the $2,000 per tonne level, down almost 23 percent since t...Read More
BERLIN (Reuters) - Angela Merkel heralded on Monday the end of a 13-year era in which she has dominated German and European politics, saying she would not seek re-election as head of her ruling conservatives and that this would be her last term as chancellor.Merkel, 64, has been chairwoman of Germany's Christian Democrats (CDU) since 2000 and chancellor since 2005, making her one of the longest se...Read More
This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES 3RD QUARTER 2018 EXPLORATION UPDATE ON ROBERTSONCoral Gold Resources Ltd. and Barrick Cortez Inc. have provided an update on their continuing work at the Robertson property in Nevada during the third quarter of 2018. The update includes the following: The Robertson Minex, PFS Engineering and Permitting Stage II AFE was approved. Work completed or in prog...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES 3RD QUARTER 2018 EXPLORATION UPDATE ON ROBERTSONCoral Gold Resources Ltd. and Barrick Cortez Inc. have provided an update on their continuing work at the Robertson property in Nevada during the third quarter of 2018. The update includes the following: The Robertson Minex, PFS Engineering and Permitting Stage II AFE was approved. Work completed or in prog...Read More
FB stock has a history of negative earnings reactionsFAANG earnings will wrap up this week when Apple (AAPL) unveils its quarterly results after the close on Thursday, Nov. 1. Ahead of this are earnings from Facebook, Inc. (NASDAQ:FB), with the social media giant set to report its third-quarter numbers after the close tomorrow, Oct. 30. FB stock was last seen trading up 1.2% at $147.06, and option...Read More
(Kitco News) - Theconsultancy Metals Focus says gold’s recent “relief rally” has more room to runand could carry the metal over $1,300 an ounce in the months ahead, yetanalysts also do not project a sustained rally over the next year due to anumber of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rallyfrom a series of daily l...Read More
(Kitco News) - The consultancy Metals Focus says gold’s recent “relief rally” has more room to run and could carry the metal over $1,300 an ounce in the months ahead, yet analysts also do not project a sustained rally over the next year due to a number of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rally from a series of da...Read More
NEW YORK (Reuters) - The dollar edged higher against the euro, on Monday, close to a 10-week high hit last week, on news German Chancellor Angela Merkel would not seek re-election as head of her CDU party.More broadly, the dollar added to recent gains against other major currencies, supported by robust U.S. consumer spending data on Monday.Merkel said she would not seek re-election as party chairw...Read More
NEW YORK, Oct 29 (Reuters) - Yields on U.S. Treasury bonds rose modestly on Monday morning as Wall Street recovered from a dramatic sell-off last week that drove demand for the safe-haven debt.U.S. equities have been rocked in October as companies reported that tariffs, rising borrowing costs and a slowdown in China hurt earnings in the third quarter and are expected to do the same in the fourth.T...Read More
TORONTO (Reuters) - U.S. cannabis retailer Curaleaf Holdings Inc CURA.CD opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry.Curaleaf opened at C$8.70 on the Canadian Securities Exchange (CSE), compared with the offer price of C$11.45, which was near the top end of a previously disclosed range of C$8....Read More