WASHINGTON (Reuters) - U.S. President Donald Trump believes he has the power to dismiss special counsel Robert Mueller, the White House said on Tuesday.“He certainly believes he has the power to do so,” White House spokeswoman Sarah Sanders said in a daily news briefing.Trump had replied, “We’ll see what happens” when he was asked on Monday if he would fire Mueller fo...Read More
Investors are better off holding physical gold rather than mining stocks, according to Shark Tank star and chairman of O'Shares ETFs, Kevin O'Leary. O'Lear...Read full newsRead More
NEW YORK (Reuters) - U.S. stocks were higher on Tuesday as investor concerns about rising U.S.-China trade tension eased after Chinese President Xi Jinping promised to cut import tariffs.The technology sector .SPLRCT, which would be particularly exposed to a negative impact from tense trade relations with China, provided the biggest boost to the S&P.Xi said China will widen market access for forei...Read More
D4t4 Solutions PLC (LON:D4T4) shares jumped on Tuesday as the data solutions provider said it expects to report a 'very strong trading performance' for the second half of the year, having signed its two 'largest ever' contracts alongside a record level of bookings in the period.The data specialist will publish a more detailed update of its performance later this month, but said today it expects fu...Read More
Ian Bristow, finance director at Symphony Environmental Technologies plc (LON:SYM), discusses with Proactive's Andrew Scott developments in Pakistan as they work to get tough on plastic pollution.Reports from the country indicate that the Supreme Court of the Sindh Province has ordered the government to enforce The Sindh Environmental Protection Act and that the police have been directed to take a...Read More
WASHINGTON (Reuters) - The Republican leader in the U.S. Senate said on Tuesday he was open to discussing potential legislation to cut government spending from levels recently approved by Congress, but indicated some doubt on whether such as goal could be reached.“I’m willing to discuss with the administration the possibility of some kind of (spending) rescissions package,” Senat...Read More
WASHINGTON (Reuters) - The Federal Reserve on Tuesday proposed new capital rules that could allow some large banks to reduce their capital reserves.The proposal may clear the way for some large banks to reduce their capital levels in the future but the largest Wall Street banks are not likely to get such relief, the Fed said.“Relative to current requirements, the proposed changes would gener...Read More
WASHINGTON (Reuters) - The Federal Reserve on Tuesday proposed new capital rules that could allow some large banks to reduce their capital reserves.The proposal may clear the way for some large banks to reduce their capital levels in the future but the largest Wall Street banks are not likely to get such relief, the Fed said.“Relative to current requirements, the proposed changes would gener...Read More
Gold futures marked a third straight session of gains on Tuesday, buoyed by a weaker U.S. dollar and uncertainty surrounding U.S. reaction to a possible chemical-weapons attack in Syria. Prices for the precious metal climbed even as global investors piled back into riskier assets, such as U.S. stocks, after comments out of China soothed trade-war fears. "The weaker U.S. dollar, which is softer af...Read More
STX and TWLO could rally even move, should shorts continue coveringThe major U.S. benchmarks are joining in the global stock rally, as a speech from Chinese President Xi Jinping eased trade tensions between Beijing and Washington. Among specific stocks shooting higher today are data storage specialist Seagate Technology PLC (NASDAQ:STX), cloud firm Twilio Inc (NYSE:TWLO), and online retail platfor...Read More
BofA-Merrill Lynch added XOM stock to its US 1 listExxon Mobil (NYSE:XOM) is up 3.4% to trade at $77.44, as oil prices climb above the $65 level. Exxon Mobil also made headlines after The Wall Street Journal reported the company was in talks with Qatar (subscription required) over a potential partnership. Amid the double dose of news, calls have become quite popular today in the options pits.Div...Read More
JPM, C, and WFC will report earnings on FridayA handful of big U.S. banks will report earnings later this week, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) stepping up to the plate on Friday. Ahead of the flood of quarterly reports, it looks like one options trader is betting big money on a short-term rally in the Financial Select Sector SPDR Fund (XLF).The exchange-traded fund...Read More
By Scott Patterson New U.S. sanctions are causing fresh economic pain for Moscow, but have also ensnarled a handful of Western firms with deep roots in Russia. Glencore PLC said Chief Executive Ivan Glasenberg had resigned as a director of United Co. Rusal, which made Washington's sanctions list last week. Glencore owns a nearly 9% stake in the firm. The Swiss commodities giant said Tuesday it w...Read More
Colin Bird, chief executive at Galileo Resources PLC (LON:GLR), tells Proactive's Andrew Scott they've struck 'exceptionally' high zinc grades of between 41.51% and 46.58% across three holes drilled as part of a wider swathe of drilling on the Star zinc project in Zambia.So far, 26 diamond drill holes have been completed at Star, comprising 1,200 metres in total drilled to depths of between 24 met...Read More
GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) ('Great Panther'; the 'Company') announces production results for the first quarter ('Q1') 2018 from its two wholly-owned Mexican silver mining operations: the Guanajuato Mine Complex ('GMC'), which includes the San Ignacio Mine, and the Topia Mine in Durango.Read full newsRead More
Near-the-money put open interest is abundant on three major stock market ETFsAfter a slow burn to record highs in 2017, the U.S. stock market has been on a roller coaster this year, with volatility ramping up in a big way. As such, the Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- kicked off 2018 with a bang, logging its best start to a year ever. Against this backdrop...Read More
Today LME Stock Inventory : 10/04/2018Aluminium -4550 MTCopper -2650 MTNickel -684 MTLead UnchangedTin +10 MTZinc -2050 MTAFTER POST CONTENT Read More
BEIRUT/NEW YORK (Reuters) - International chemical weapons experts will go to the Syrian town of Douma to investigate an alleged poison gas attack, their organisation said on Tuesday, as the United States and other Western powers consider taking military action over the incident.U.S. President Donald Trump on Monday warned of a quick, forceful response once responsibility for the attack was establ...Read More
Copper Calls – BUY Copper at CMP 444.30 Add more if price 443 with SL 441.90 for Target 446.50 – 447.90. Trade 2 lotsAFTER POST CONTENT Read More
(Bloomberg) - Anxious investors from Germany to China are seeking shelter in gold ETFs.Holdings in all bullion-backed exchange-traded funds tracked by Bloomberg extended their ascent to the highest since 2013, rising for a fourth straight session in the longest run since January. Xetra-Gold, the third-largest commodity-linked ETF, had almost 177 million shares outstanding as of Monday, the most s...Read More