WASHINGTON (Reuters) - U.S. trade talks with China have not yet begun but will hopefully start in the next few months, President Donald Trump’s economic adviser said on Friday.“They have not really begun yet. China’s response to our complaints ... has been unsatisfactory,” White House economic adviser Larry Kudlow told Bloomberg TV. “That’s why we’re looki...Read More
(Kitco News)- The underlying focus for the gold market remains the worryabout a potential trade war with China. It was a matter of time beforePresident Trump's ego forced him to respond to China's comment on Wednesdaythat they had won round one of the tariff salvo. Last night, President Trump proposedanother $100billion to the list of tariffincreases on the Chinese and the gold market prompt...Read More
(Kitco News) - The underlying focus for the gold market remains the worry about a potential trade war with China. It was a matter of time before President Trump's ego forced him to respond to China's comment on Wednesday that they had won round one of the tariff salvo. Last night, President Trump proposed another $100 billion to the list of tariff increases on the Chinese and the gold market...Read More
NTAP has enjoyed the support of the 80-day moving average in recent monthsJust off yesterday's analyst day where the company announced it's doubling its quarterly dividend and increased its share buyback plan, data storage specialist NetApp Inc. (NASDAQ:NTAP) is trading up 1.5% at $63.84 after receiving a slew of positive analyst attention. NTAP notched no fewer than four price-target hikes, with...Read More
Northrop Grumman and Raytheon received lofty price-target hikesDespite the recent market turbulence, including this morning's tariff-induced drop, defense stocks Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE:RTN) have held up well -- especially compared to sector peer Boeing Co (NYSE:BA). Brokerage firm RBC is betting on even more upside for NOC and RTN stocks, too, raising it...Read More
AMZN is reportedly thinking of adding peer-to-peer payments to AlexaPayPal Holdings Inc (NASDAQ:PYPL) is down 1.1% to trade at $76.12 this morning, after the Wall Street Journal reported thatAmazon (AMZN) was considering adding a person-to-person payment option to its Alexa technology. Such a feature would put Amazon in direct competition with Paypal. PayPal stock has added an impressive 77% yea...Read More
Mizuho, on the other hand, upgraded VRX stock this morningMizuho upgraded Valeant Pharmaceuticals Intl Inc (NYSE:VRX) to "neutral" from "underperform," and boosted its price target by $5 to $15. The brokerage firm said it doesn't see any "near term sell catalysts," and that it believes the Bausch + Lomb parent will reach its 2018 guidance. The analyst in coverage did caution, however, that it expe...Read More
LONDON (Reuters) - Rising trade tensions between the United States and China have sparked equity outflows over the last week, though so far there has only been a modest unwind of 2018’s most popular trades, fund flows data show.A weekly data compilation by Bank of America Merrill Lynch (BAML) showed the third straight week of equity outflows, with redemptions of $7.2 billion, according to a...Read More
NEW YORK (LPC) - The high stakes trade confrontation between the U.S. and China is boosting the secondary loan prices of steel manufacturers and metals companies, but components manufacturers are potentially vulnerable to Chinese retaliation.President Donald Trump’s proposed tariffs on Chinese goods are fuelling talks of a trade war that could crush global growth, and increasing political un...Read More
(Reuters) - Wall Street was set to open lower on Friday, weighed down by fears of an escalating trade conflict between the United States and China, but a lower-than-expected March jobs data eased some concerns over aggressive interest rates hikes.Global stock markets edged downward after President Donald Trump threatened to slap an additional $100 billion in tariffs on Chinese goods and Beijing wa...Read More
Stefan M? 1/4 ller outlines the outcomes of the hotly-anticipated pre-feasibility study (PFS) for European Lithium Ltd's (ASX:EUR) (FRA:PF8) (VSE:ELI) Wolfsberg Lithium Project in Austria.Results confirm the technical and economic viability of the project, and show strong potential for significant upside. A definitive feasibility study (DFS) is set to begin in July for completion before the end of...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...Read More
WASHINGTON (Reuters) - The United States imposed sanctions on Friday against Russian businessmen, companies and government officials, striking at associates of President Vladimir Putin in one of Washington’s most aggressive moves to punish Moscow for a range of activities, including alleged meddling in the 2016 U.S. election.The action, taken under pressure from the U.S. Congress, freezes th...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...Read More
The president is considering another $100 billion in tariffs on Chinese productsFutures on the Dow Jones Industrial Average (DJI) are plummeting, with the blue-chip index set to snap its three-day win streak. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also firmly in the red in electronic trading, after President Donald Trump raised the trade stakes on Beijing last night -- proposing $1...Read More
The Commitments of Traders (CoT) report provides a snapshot of futures positions held by both large and small commercial hedgers and speculators, showing what positions big money traders are taking in a number of financial and commodity markets. This report, released each Friday by the CFTC at 3:30pm EST, allows the small investor to get a glimpse of what larger traders are doing and to possibly s...Read More
The Commitments of Traders (CoT) report provides a snapshot of futurespositions held by both large and small commercial hedgers and speculators, showingwhat positions big money traders are taking in a number of financial andcommodity markets. This report, released each Friday by the CFTC at 3:30pm EST,allows the small investor to get a glimpse of what larger traders are doing andto possibly situat...Read More
(Kitco News) - Gold prices aremodestly higher in early U.S. trading Friday, boosted by a weaker-than-expectedU.S. employment report. June Comex gold futures were last up $4.30 an ounce at$1,332.70. May Comex silver was last up $0.03 at $16.39 an ounce.Thejust-released U.S. employment situation report for March from the LaborDepartment showed the key non-farm payrolls number up 103,000, which was a...Read More
(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday, boosted by a weaker-than-expected U.S. employment report. June Comex gold futures were last up $4.30 an ounce at $1,332.70. May Comex silver was last up $0.03 at $16.39 an ounce.The just-released U.S. employment situation report for March from the Labor Department showed the key non-farm payrolls number up 103,000, which...Read More
WASHINGTON, (Reuters) - The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year.Nonfarm payrolls increased by 103,000 last month as construction and retail sectors shed jobs, the Labor Department said on...Read More