Shares of Constellation Brands have gapped lower after earningsThe Dow is trading significantly higher this afternoon, with blue chip Nike (NKE) taking the lead. Three stocks makingnoteworthy moves are drug concern Dermira Inc (NASDAQ:DERM), banking name Wells Fargo & Co (NYSE:WFC), and Corona parent Constellation Brands, Inc. (NYSE:STZ). Below, we will take a closer look at howshares of DERM,...Read More

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico with presidential front-runner Andres Manuel Lopez Obrador's party Morena.In an election cycle filled with colorful characters and some tough-talking, the nomination of the polemic union rep and ex-fugitive caused some head-scra...Read More

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico with presidential front-runner Andres Manuel Lopez Obrador's party Morena.In an election cycle filled with colorful characters and some tough-talking, the nomination of the polemic union rep and ex-fugitive caused some head-scra...Read More

NEW YORK (Reuters) - World stocks rallied on Friday, with Wall Street opening higher and European indexes recovering from a volatile week pegged to a growing U.S.-led trade battle with other top global economies, with those concerns pushed to the backburner for now.Bank shares jumped after U.S. lenders cleared the second part of the Federal Reserve’s stress test, pushing the sector 0.88 perc...Read More

The fund's upside is being contained at a key technical levelThe financial sector is seeing strength today after the second-round results of the Fed's stress tests. At last check, the Financial Select Sector SPDR Fund (XLF) was up 1% to trade at $26.86. The price action has sparked a flood of options activity, too, and even though the fund is holding below a key technical level, most of the activi...Read More

Gold futures snapped a four-day losing streak Friday, but logged a second quarter drop of more than 5%. Gold sellers came up for air as the highflying dollar index paused its run on Friday and the metal largely held its early gain even after government data showed a preferred inflation gauge under watch at the Federal Reserve hit the central bank's 2% target in May. It's a data point that could k...Read More

BRUSSELS (Reuters) - Italy’s new prime minister opened his first European Union summit in bold style but ended it more meekly, yielding to a vague joint statement in which EU leaders offered little commitment to his demands on migration.Giuseppe Conte came to Brussels aiming to persuade other states to take in a share of the thousands of economic migrants landing in Italy from boats in the M...Read More

(Kitco News)- While the gold market has beenpretty uneventful since the start of summer, you wouldn’t know it in Canada’sYukon Territory.Our editor Neils Christensen just returned from a week packed with mine toursand interviews from Canada’s great white North. Highlights include hisinterview with Ranj Pillai, the Minister of Energy& Mines for the Yukon government, who told K...Read More

(Kitco News) - While the gold market has been pretty uneventful since the start of summer, you wouldn’t know it in Canada’s Yukon Territory.Our editor Neils Christensen just returned from a week packed with mine tours and interviews from Canada’s great white North. Highlights include his interview with Ranj Pillai, the Minister of Energy & Mines for the Yukon government, who...Read More

BRUSSELS (Reuters) - European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration but it faced instant criticism as vague, hard to implement and a potential threat to human rights.Irregular migration has fallen steeply since 2015, when more than a million people entered the EU, but polls show it is still a top concern of the EU’s 500 million cit...Read More

WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump wanted the United States to withdraw from the World Trade Organization, was wrong.“There’s no breaking news here ... it’s not right,” Mnuchin told Fox Business Network, calling the report “fake news.”...Read More

BEIJING (Reuters) - China said on Friday that the United States should tell its airlines to change their websites to refer to self-ruled Taiwan as Chinese territory, after the United States said China had rejected requests for talks on the matter.China has demanded that foreign firms, and airlines in particular, begin referring to Taiwan as Chinese territory on their websites, along with Hong Kong...Read More

A number of tech and chip stocks received analyst attention this weekTrade war tensions took investors on a wild ride over the past five days, as evidenced by the Dow Jones Industrial Average (DJI) snapping a historic streak above its 200-day moving average. U.S. trade relations with the European Union (EU) and China remained icy all week, which kept upside in check. However, the major equity ben...Read More

(Kitco News) - Analysts are struggling to pinpoint gold’s future direction after prices hit a 12-month low earlier this week, yet many agree that the yellow metal is oversold and is due for a rebound.Gold prices continue to trade under heavy pressure on Friday, closing down what was a very tough week, where gold saw all of its year-to-date gains erased while ignoring escalating trade tension...Read More

(Kitco News) - Analysts are struggling to pinpoint gold’s future direction after prices hit a 12-month low earlier this week, yet many agree that the yellow metal is oversold and is due for a rebound.Gold prices continue to trade under heavy pressure on Friday, closing down what was a very tough week, where gold saw all of its year-to-date gains erased while ignoring escalating trade tension...Read More

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/ GAME OF TWO HALVESIt has been the worst first-half of a year for global stocks since 2010 as a mix of U.S.-China trade tensions, central banks turning off the money taps and cooling growth in Europe wiped a trillion dollars off MSCI&rsq...Read More

WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo has stressed to China the importance of continued enforcement of sanctions on North Korea to press it to give up its nuclear weapons, after warning of signs of backsliding by Beijing.The State Department said Pompeo had spoken to his Chinese counterpart Wang Yi on Thursday and discussed efforts “to achieve our shared goal of the comp...Read More

OTTAWA (Reuters) - Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.Foreign Minister Chrystia Freeland said the tariffs would take effect as planned on July 1 and stay in place “until the United States eliminates i...Read More

   •  Struggles to build on a modest recovery attempt from a short-term descending trend-channel formation on the 1-hourly chart.    •  With technical indicators on the said chart gradually recovering from near-term oversold conditions, a heavily offered tone surrounding the USD could provide a minor boost to the dollar-denominated commodity.    &n...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump may nominate a replacement for Supreme Court Justice Anthony Kennedy before July 10, when Trump is scheduled to depart for a trip to Europe, a White House official said on Friday.The vacancy on the Supreme Court, due to Kennedy's retirement, will allow Trump to make his second appointment of a Supreme Court justice and deepen the conservative impr...Read More