CHEQUERS, England (Reuters) - President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment of her strategy publicized hours earlier.Fresh from sending NATO into crisis talks and ahead of a summit with Kremlin chief Vladimir Putin, Trump sho...Read More

ROME (Reuters) - The lawyers for the Italian government argued that the country’s top administrative court should unblock a landmark reform to transform the large “popolari” banks into joint-stock companies, a legal document seen by Reuters showed.On July 31, Italy’s State Council, an administrative court, will hold a hearing to discuss whether to lift a suspension on the r...Read More

(Bloomberg) - The brewing trade war between China and the U.S. is claiming commodity markets as one of its first victims.The Bloomberg Commodities Index, a measure of 26 raw materials, lost 2.7 percent this week, the most since February. The losses stand out in a week when other risk assets, like emerging-market stocks, were in the green.Soybeans have been hardest hit, with pricing falling to the...Read More

WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo and senior Trump administration officials will meet with Mexican President-elect Andres Manuel Lopez Obrador on Friday, hoping to make early strides on divisive issues like immigration, trade and security.At a time of heightened tensions between the two neighbors, Pompeo will lead a high-level delegation composed of Jared Kushner, senior a...Read More

LONDON (Reuters) - European shares rose on Friday, scoring their second week of gains as fears of a full-blown trade war were kept in check and optimism about the next corporate earnings season grew.The pan-regional STOXX 600 index rose 0.2 percent supported by a broad range of sectors, from industrials to technology, bringing its weekly gain to 0.8 percent.Euro zone stocks blue chips .STOXX50E...Read More

   •  The commodity falls to fresh YTD lows and was being weighed down by a combination of negative factors - broad-based USD strength, Fed rate hike expectations, risk-on mood.    •  The downfall has been alongside a downward sloping trend-channel formation on the daily chart and points to a continuation of the bearish trajectory.    • ...Read More

WASHINGTON (Reuters) - U.S. economic growth has been solid during the first half of the year and the Federal Reserve continues to expect to raise interest rates gradually, the central bank said on Friday in an upbeat semi-annual report to Congress.It is the Fed’s second submission to lawmakers since Chairman Jerome Powell took the helm of the Fed in early February. He is scheduled to answer...Read More

BRUSSELS (Reuters) - Donald Trump’s portrayal of NATO as an alliance in crisis has raised concern that the U.S. president’s nagging criticism might erode U.S. public support and risk America’s commitment to collective defense, diplomats said.Allies emerged confused and shaken from a two-day NATO summit in which Trump harangued them over perceived under- spending on defense, accus...Read More

MGX Minerals, the Canadian junior that grabbed headlines earlier this year for testing a technology that turns oil and gas wastewater into lithium is doubling down on North America as a future lithium heavyweight with a new joint venture.The Vancouver-based company has entered into a strategic JV with Belmont Resources, to acquire up to 50% interest in Belmont's flagship Kibby Basin Lithium Brin...Read More

MGX Minerals, the Canadian junior that grabbed headlines earlier this year for testing a technology that turns oil and gas wastewater into lithium is doubling down on North America as a future lithium heavyweight with a new joint venture.The Vancouver-based company has entered into a strategic JV with Belmont Resources, to acquire up to 50% interest in Belmont's flagship Kibby Basin Lithium Brin...Read More

The shares are churning below their year-to-date breakeven markShares of Kinder Morgan Inc(NYSE:KMI) have been trending higher since falling to their early April lows near $14.69. This recent rally pushed the oil stock right into overhead resistance at its 320-day moving average -- currently home to KMI's year-to-date breakeven mark -- which could signal a trading opportunity for short-term optio...Read More

(Kitco News)- The gold market will remain atthe mercy of the U.S. dollar, and some analysts warn that the metal’s downtrendin place since April is not expected to change anytime soon.Gold is heading for another weekin negative territory with its fourth drop in five weeks as prices have slumpedto a new 12-month low. August gold futures last traded at $1,242.60 an ounce,down 1% from the previo...Read More

(Kitco News) - The gold market will remain at the mercy of the U.S. dollar, and some analysts warn that the metal’s downtrend in place since April is not expected to change anytime soon.Gold is heading for another week in negative territory with its fourth drop in five weeks as prices have slumped to a new 12-month low. August gold futures last traded at $1,242.60 an ounce, down 1% from the...Read More

The Dow is holding near 25K, while the Nasdaq is fresh off a record highStocks are looking to end the week strong, despite mixed reactions to this morning's batch of big bank earnings. The Dow Jones Industrial Average (DJI) edged past the 25,000 level earlier today, marking the first time the blue-chip index has seen the north side of the psychologically significant level since June 18. Not to be...Read More

(Bloomberg) - On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile's Atacama Desert, before throwing 80-kilo (180-pound) slabs of copper to the ground and disappearing into the dark.It's a tactic known as "the cat" and the robbers are "moles" because no one knows where they come from or where they hide their loot. What's worse for the mines that dot the de...Read More

HONG KONG (Reuters) - Embattled Chinese tech firm Leshi Internet and Technology said it expected a bigger net loss in the first six months of the year and saw the possibility of continued losses in the second half if its business operations did not improve.It estimated a wider net loss of 1.10-1.11 billion yuan ($165.12-$166.02 million) during the January to June period versus a loss of 636.8 mill...Read More

MUMBAI/BENGALURU, July 13 (Reuters) - Demand for physical gold in India picked up this week as prices fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, traders and analysts said."In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer with a pri...Read More

(Kitco News)- Wall Street looks for the recent slide in gold prices tocontinue, while the largest block of Main Street voters is bullish, accordingto the Kitco News weekly survey.Nineteen market professionals took part in the survey.There were 12 votes, or 63%, calling for gold prices to fall. There were fourvotes, or 21%, calling for gold to rise, while three voters, or 16%, look for asideways ma...Read More

(Kitco News) - Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey.Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sidew...Read More

MUMBAI/BENGALURU (Reuters) - Demand for physical gold in India picked up this week as prices fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, traders and analysts said.“In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders,” said a Mumbai-based dealer with a...Read More