•  Has been oscillating between two converging trend-lines over the past three-weeks, forming a symmetrical triangle on 4-hourly chart and points to a consolidation phase before the next leg of a directional move.   •  The commodity's inability to register any meaningful recovery from multi-month lows and acceptance below the very important 200-day SM...Read More

* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Adds closing prices)By Pratima DesaiLONDON, June 11 (Reuters) - Copper prices slid on Monday as fears about output disruption at the Escondida mine in Chile receded, but worries about supplies from Vedanta’s copper smelter in India and a softer dollar provided some support.Benchmark copper on the London Metal E...Read More

(Kitco News) - Gold priceswereslightly higher in early-afternoon U.S. trading Monday. The safe-haven yellowmetal saw some position evening today, ahead of important marketplace eventstaking place in the coming days. Silver futures hit a six-week high today, arewithin a whisker of hitting the key $17.00 level, as the bulls have technicalmomentum on their side. August Comex gold futures were last up...Read More

(Kitco News) - Gold prices were slightly higher in early-afternoon U.S. trading Monday. The safe-haven yellow metal saw some position evening today, ahead of important marketplace events taking place in the coming days. Silver futures hit a six-week high today, are within a whisker of hitting the key $17.00 level, as the bulls have technical momentum on their side. August Comex gold futures were l...Read More

NEW YORK (Reuters) - The oil markets were mixed on Monday, with U.S. crude firmer while Brent inched down, as comments from the Iraqi oil minister cast doubt as to whether the Organization of the Petroleum Exporting Countries would decide to boost output at its upcoming meeting.Global benchmark Brent crude LCOc1 lost 7 cents at $76.39 a barrel by 12:47 p.m. (1647 GMT). U.S. light crude CLc1 rose 3...Read More

The game's battle-royale mode will likely boost the company's market shareAhead of this week's annual E3 Expo, shares of Electronic Arts Inc. (NASDAQ:EA) hit a record high of $140.54, after Piper Jaffray reiterated its "outperform" rating and $148 price target on the video game stock. The brokerage firm waxed optimistic over the company's decision to add the trendy battle-royale mode to its "Battl...Read More

Canaccord Genuity has been involved in the most mining deals in 2018.Canaccord has been an agent in 13 mining closed mining deals year-to-date with duties ranging from lead underwriter to selling agent. Second is BMO Capital Markets with 11 deals.Total number of agents that made mining deals in 2018 year to date were 99. Top 20 are graphed below.Over US$4.4B financing was closed year to date with...Read More

Canaccord Genuity has been involved in the most mining deals in 2018.Canaccord has been an agent in 13 mining closed mining deals year-to-date with duties ranging from lead underwriter to selling agent. Second is BMO Capital Markets with 11 deals.Total number of agents that made mining deals in 2018 year to date were 99. Top 20 are graphed below.Over US$4.4B financing was closed year to date with...Read More

Canaccord Genuity has been involved in the most mining deals in 2018.Canaccord has been an agent in 13 mining closed mining deals year-to-date with duties ranging from lead underwriter to selling agent. Second is BMO Capital Markets with 11 deals.Total number of agents that made mining deals in 2018 year to date were 99. Top 20 are graphed below.Over US$4.4B financing was closed year to date with...Read More

CHICAGO (Reuters) - The fiscal 2019 Illinois budget enacted last week includes a voluntary pension buyout plan and a boost in school funding, which are credit-positive moves for the relatively low-rated state and its school districts, Moody’s Investors Service said on Monday.The $38.5 billion budget for the fiscal year that begins on July 1 incorporates $423 million in savings that would be...Read More

The firm expanded its share buyback programThe shares of Newell Brands Inc (NYSE:NWL) are higher today, after the Sharpie maker expanded its stock buyback program by $2.5 billion. However, NWL stock tends to struggle after the Federal Open Market Committee (FOMC) raises interest rates -- which it's widely expected to do on Wednesday. If recent history is any indicator, you should think twice befor...Read More

(Bloomberg) - South Africa's Association of Mineworkers and Construction Union plans to demand a 12,500 rand ($950) monthly minimum wage from some of the country's top gold producers in upcoming negotiations.The labor group decided on its demands on Sunday at a mass meeting near Carletonville, about 90 kilometers (56 miles) west of Johannesburg. It is the second-largest union at producers includi...Read More

NEW YORK, June 11 (Reuters) - The U.S. Treasury Department on Monday sold $32 billion of three-year notes at 2.664 percent for a second month to the strongest bid from indirect bidders in five months, Treasury data showed.Indirect bidders which include fund managers and foreign central banks bought 51.38 percent of the latest three-year Treasuries supply, which was their biggest share at a three-y...Read More

LONDON (Reuters) - Italian borrowing costs fell sharply on Monday, narrowing the gap over German peers after the economy minister said the new coalition government had no intention of leaving the euro zone and planned to cut debt levels.In his first interview since taking office a week ago, Giovanni Tria told the Corriere della Sera newspaper on Sunday the coalition was committed to remaining in t...Read More

LONDON (Reuters) - Sterling slid against the dollar and the euro on Monday after British factory output suffered its biggest monthly drop since 2012, underlining that economic momentum remains fragile and will likely need to improve before interest rates are raised.Data published earlier on Monday showed manufacturing output dropped by 1.4 percent month-on-month in April after a 0.1 percent declin...Read More

WASHINGTON (Reuters) - The U.S. Treasury imposed sanctions on three Russian individuals and five firms on Monday, saying they had worked with Moscow’s main intelligence service on ways to conduct cyber attacks against the United States and its allies.“The entities designated today have directly contributed to improving Russia’s cyber and underwater capabilities through their work...Read More

The energy name is also overdue for downgradesEnergy stocks have been in focus as the Organization of the Petroleum Exporting Countries (OPEC) meeting approaches, scheduled for June 22. As oil-and-gas concern Oasis Petroleum (OAS) struggles today, sector peer Newfield Exploration Co. (NYSE:NFX) is throwing up a bearish signal ahead of this week's Fed meeting. The Fed is widely expected to announc...Read More

TOKYO, June 11 (Reuters) - Japan's Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.In a statement, Mitsubishi Materials said its president Akira Takeuchi will step down from that role and assume the position of chairman a...Read More

TOKYO, June 11 (Reuters) - Japan's Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.In a statement, Mitsubishi Materials said its president Akira Takeuchi will step down from that role and assume the position of chairman a...Read More

LONDON (Reuters) - Prime Minister Theresa May will urge her Conservative Party on Monday to show unity when parliament votes on changes to her Brexit blueprint, a potential showdown that could reshape her approach to Britain’s departure from the EU.Lawmakers will vote on Tuesday and Wednesday this week on amendments to the EU withdrawal bill, legislation to sever ties with the bloc by essent...Read More