U.S. Treasury yields have become the key driver for global markets, says Brown Brothers Harriman. Yields have been rising lately, which has underpinned the U.S. dollar but hurt equities. “After spiking to 3.23% yesterday, the U.S. 10-year yield fell back but remains elevated just above 3.20%,” BBH says. “So too is the two-year yield, now trading at 2.88%. Bloomberg WIRP sug...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
* Dollar up as investors ponder further Fed tightening * Aussie falls for a fourth day, reaching 32-month low * Sterling jumps on Brexit deal hopes* Graphic: World FX rates in 2018 (Adds analyst quote, updates prices)By Tom FinnLONDON, Oct 5 (Reuters) - The dollar edged toward a six-weekhigh on Friday before monthly U.S. jobs data that investors hopewill shed light on how much longer the Fed's agg...Read More
(Updates with closing prices)By Peter HobsonLONDON, Oct 5 (Reuters) - Aluminium prices slipped on Fridayfrom a 16-week high reached in the previous session as investorsbegan to question whether a plant producing the raw materialalumina would close.Copper, lead and zinc also fell sharply as industrial metalswere caught up in a wider sell-off of U.S. and Europeanequities."This macroeconomic fog...Read More
China's No.1 lithium producer Tianqi has won a favourable court ruling in Chile that paves the way for the company to become the second-largest shareholder in Sociedad Qu?-mica y Minera de Chile (SQM), the world's second largest producer of the metal used in electric-vehicle batteries.Chile's antitrust court signed off Thursday on an agreement struck by Tianqi with the country's competition regula...Read More
China's No.1 lithium producer Tianqi has won a favourable court ruling in Chile that paves the way for the company to become the second-largest shareholder in Sociedad Qu?-mica y Minera de Chile (SQM), the world's second largest producer of the metal used in electric-vehicle batteries.Chile's antitrust court signed off Thursday on an agreement struck by Tianqi with the country's competition regula...Read More
MADRID, Oct 5 (Reuters) - Indebted euro zone countries muststick to budget rules and build up cash buffers to withstandfuture economic downturns, the European Central Bank'svice-president Luis De Guindos said on Friday."The top priority in this area is for national policymakersto build up fiscal buffers to ensure policy space for futuredownturns," he told an academic audience in Madrid.&...Read More
XAU/USD: Gold looks for support at 1198.70 What is going on with XAU/USD? XAU/USD: Gold prices bounced at 1196.45 and broke through 1198.70 as indicated in yesterdays update. The pair took out its estimated targets at 1200.95 and 1203.80 before pulling back from its highs at 1206.80. Gold prices fell to its 500 EMA at 1196.45 but managed to recover and closed the overnight session above 119...Read More
Spot gold could test support at $1,193 per ounce, according to a Reuters technical analyst.Gold was on track to mark biggest weekly gain in six.Published 21 Hours AgoUpdated12 Hours AgoReuters Gold prices rose on Friday following a monthly U.S. employment report falling to its lowest level in a year.Spot gold rose 0.3 percent at $1,202.40 an ounce. It had gained 0.6 percent so far for the week, on...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More
(Adds details on forecast, background)Oct 5 (Reuters) - Gold miner Centamin Plc cut itsannual production target for the second time this year andreported a 25 percent drop in quarterly output, hit by delays inplanned operational improvements.The Egypt-focused company said on Friday that it cut its2018 production target to about 480,000 ounces from an earliertarget of 505,000-515,000 ounces. In May...Read More
"the chart shows us that 1200 is the gold PIVOT POINT in price. This is where price equilibrium resides & where medium term trends often develop one w@y or the other.& yes, its another shit or get off the pot moment for gold.Odds favor the trend into yer end gets decided SOON"Read full newsRead More
"RSI top of chart DIVERGENCE. Indicator has given a major sell signal. Need RSI below 70 for signal.Sept close was 69.83. Close enough? The S&P should be watched carefully in this juncture.The potential (not the absolute) for prices to turn down from here seems significant"Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Thursday after closing higher for five straight days as interest rates continued to rise.10-year Treasury yields extended gains on Thursday, rising to 3.19%, following the biggest single-day move since the 2016 presidential elections on Wednesday.Barnes & Noble Inc. (BKS) jumped 20% on Thu...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday October 4, with the three-month aluminium price closing 1.6% lower amid headwinds from a strong US dollar index.News of the full closure of Norsk Hydro's Alunorte alumina refinery in Brazil earlier this week spurred a 4.5% spike in the three-month aluminium price, pushing it to an intraday...Read More
Participants in the alumina industry are bracing themselves for a turbulent end to the year following Hydro's announcement that it will suspend 100% of operations at its Alunorte facility. Alumina refinery Alunorte has been running at 50% capacity since March. The decision for a full curtailment came on Wednesday October 3 following embargoes from Brazilian authorities. Hydro said that the cl...Read More