Recent News

MONEY MARKETS-U.S. rates futures hold losses after March U.S. ISM factory data

April 02, 2018 / www.kitco.com

NEW YORK, April 2 (Reuters) - U.S. short-term interest ratesfutures held at lower levels on Monday as the Institute forSupply Management's index on U.S. manufacturing activity fellmore than forecast in March. At 10:06 a.m. (1406 GMT), federal funds futures impliedtraders saw a 76 percent chance the Federal Reserve would raiseinterest rates at its June 12-13 meeting, littlechanged shortly before th...Read More

BUZZ-Commvault Systems: Surges after Elliott reveals stake

April 02, 2018 / www.kitco.com

** Software developer's shares up 11.7 pct at$63.90 in early trading after Elliott Management reveals stake** Among top pct gainers across U.S. exchanges and on pacefor its best day in over 2 years** Hedge fund discloses 10.3 pct stake in company, whichwould make it the biggest stakeholder; also nominates 4directors to CLVT's board** Elliott urges CVLT to start an operational review andreturn capi...Read More

TABLE-Analysts trim forecasts on Mexican inflation this year

April 02, 2018 / www.kitco.com

MEXICO CITY, April 2 (Reuters) - Analysts trimmed theirexpectations for Mexican inflation this year while holdingsteady on the 2018 growth outlook, a central bank survey showedon Monday.The central bank, which targets inflation of 3 percent witha one percentage point tolerance zone each side, raised itsbenchmark interest rate to a nine-year high of 7.50 percent inFebruary. MarchFeb Inflation, end...Read More

TABLE-U.S. Feb construction spending rises 0.1 pct

April 02, 2018 / www.kitco.com

April 2 (Reuters) - U.S. Commerce Department seasonally adjusted annual rates of construction spending, with comparisons:PERCENT CHANGE: FebJanFeb'18/17Total Spending0.1 unch3.0 Private Spending 0.7 -0.73.4 Residential0.10.15.5 Lodging2.73.0 12.5 Office 6.5 -2.12.1 Commercial 1.2 -2.17.6 Transportation-1.32.5 31.3 Manufacturing1.21.2 -5.6 Public Spending -2.12.31.6 Educational -0.51.73.0 Highways/...Read More

CANADA FX DEBT-C$ firms against weaker greenback as trade tensions rise

April 02, 2018 / www.kitco.com

* Canadian dollar at C$1.2873, or 77.68 U.S. cents* Oil prices fall 1.1 percent* Bond prices lower across the yield curveTORONTO, April 2 (Reuters) - The Canadian dollarstrengthened against its U.S. counterpart on Monday as thegreenback broadly fell and investors weighed the possiblerepercussions of an escalating trade dispute between the world'sbiggest economies.The U.S. dollar retreated against...Read More

Fitbit Stock Falls to Record Low After Downgrade

April 02, 2018 / www.schaeffersresearch.com

FIT has already shed 33% over the past six monthsShares of Fitbit Inc (NYSE:FIT) are lower after the fitness device maker received a downgrade to "underweight" from "equal-weight," and a price-target cut by $1 to $4 from Morgan Stanley. The brokerage firm predicted Fitbit "will continue to struggle to stabilize the wearables business," and the new price target represents a discount of 21.6% to the...Read More

TABLE-Trade estimates for USDA grain export inspections

April 02, 2018 / www.kitco.com

April 2 (Reuters) - The U.S. Department of Agriculture isexpected to release its weekly grain and oilseed exportinspections report at 10:00 a.m. CDT (1500 GMT) on Monday. Export inspection estimates for U.S. grain and soybeans areas follows, in tonnes, according to trade industry analysts: RangePrevious week Wheat 275,000-425,000 278,815 Corn1,000,000-1,400,000 1,153,963 Soybeans300,000-700,000 58...Read More

Why tiny diamonds make a Vancouver miner happy

April 02, 2018 / www.mining.com

Lithoquest Diamonds (TSX-V: LDI) could not be happier for having just recovered one grey and two yellow micro-diamonds from the +0.1 mm to -0.3 mm size fraction at its North Kimberley Diamond Project, located in the northern region of Western Australia.The gems were unearthed at target 0702 in the 1,000-square-kilometre property and recovered from a 10.06-kilogram rock sample submitted for kimberl...Read More

Why tiny diamonds make a Vancouver miner happy

April 02, 2018 / www.mining.com

Lithoquest Diamonds (TSX-V: LDI) could not be happier for having just recovered one grey and two yellow micro-diamonds from the +0.1 mm to -0.3 mm size fraction at its North Kimberley Diamond Project, located in the northern region of Western Australia.The gems were unearthed at target 0702 in the 1,000-square-kilometre property and recovered from a 10.06-kilogram rock sample submitted for kimberl...Read More

BUZZ-CAD firms on PMI beat

April 02, 2018 / www.kitco.com

* March Canadian Manufacturing PMI ticks higher to 55.7 * Markit survey finds cost inflation highest in 4 years * USDCAD stuck in middle of narrow 1.2800-1.2950 range for eight day* But CAD vulnerable to weakening commodity sector* CFTC data shows specs in sharp shift from long to short CAD in latest week<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CAD Positioning: ^^^^^^^^^^^^^^...Read More

BUZZ-Amazon: Drops after Trump tweets fresh attack

April 02, 2018 / www.kitco.com

** Amazon's shares down ~3 pct, falling for the 3rdstraight day after facing fresh backlash from President Trump** Trump's latest tweet : "Only fools, or worse, are saying that our money losing PostOffice makes money with Amazon. THEY LOSE A FORTUNE, and thiswill be changed. Also, our fully tax paying retailers areclosing stores all over the country...not a level playingfield!"** Trump t...Read More

TABLE - Pakistan economic indicators

April 02, 2018 / www.kitco.com

KARACHI, Pakistan, April 2 (Reuters) -DAILY INDICATORS Monday PREVIOUS Floating Interbank Rate (Rs/$)115.45/115.52114.42/115.50 Rupee/US$ (kerb market) 116.00 115.80 Karachi 100-share Index 45,741.4345,560.30 Gold (Karachi) Rs/10 gm 50,571.8650,442.42CENTRAL BANK AUCTIONSTreasury bill auction results:Cut-off yield (pct) at auction onMarch 28March 14 Three-month bills6.25916.2591 Six-month billsBi...Read More

Potential Walmart Deal Sends Humana Stock Soaring

April 02, 2018 / www.schaeffersresearch.com

Humana stock has struggled to break out since JanuaryHumana Inc (NYSE:HUM) stock is up 6.1%to trade at $285.25, thanks to a Wall Street Journal report last week saying retail giant Walmart (WMT) was in talks to potentially buy the health insurer. A number of analysts believe the move could be in response to Amazon's (AMZN) push into healthcare. Meanwhile, Jefferies thinks such a deal would make s...Read More

UPDATE 2-Elliott discloses stake in Commvault, nominates 4 directors

April 02, 2018 / www.kitco.com

(New throughout, updates share price, adds analyst comment,details on board nominees)By Munsif Vengattil and Liana B. BakerApril 2 (Reuters) - Hedge fund Elliott Management Corp onMonday disclosed a 10.3 percent stake in Commvault Systems Inc and nominated four directors to the data softwaredeveloper's board, sending the company's shares up almost 12percent.Elliott, whose new stake makes it one of...Read More

CANADA STOCKS-TSX opens lower as China tariffs renew global trade war worries

April 02, 2018 / www.kitco.com

April 2 (Reuters) - Canada's main stock index opened loweron Monday as the energy sector lagged, and China's move toimpose additional duties on U.S. products revived global tradewar concerns.* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange'sS&P/TSX Composite Index was down 67.96 points, or 0.44percent, to 15,299.33. Nine of the 11 main sectors were in thered. (Reporting by Medha Singh...Read More

Hudson's Bay shares drop after security breach at Saks, Lord&Taylor stores

April 02, 2018 / www.kitco.com

TORONTO, April 2 (Reuters) - Hudson's Bay sharesdropped on Monday after the Canadian department store operatorreported security breaches at some of its Saks Fifth Avenue,Saks OFF 5th and Lord & Taylor stores on Sunday.The company's shares fell as much as 6.2 percent and weretrading 5.7 percent lower at C$8.41 as of 9:37 ET (1337 GMT),compared with a 0.2 percent loss on the Toronto stock benchm...Read More

Gold To Surge As U.S.-North Korean Summit Cages The Dragon

April 02, 2018 / seekingalpha.com

US and North Korea have mutual economic interests in bypassing China through bilateral dialogue that represents a seismic shift of alliances and power dynamics in Asia.Historic US-North Korean summit is the first in a series of near term geopolitical issues that may create powerful volatility in the global markets which have yet to price in.This emerging market uncertainty and volatility represent...Read More

Standard Chartered: Central Banks Remain Net Buyers Of Gold

April 02, 2018 / www.kitco.com

Central banks were net buyers of gold in February and are likelyto remain so, says Standard Chartered. “Appetite to sell was limited,sensitivity to price volatility was muted, and purchases were dominated by asmall number of consistent buyers of size who view gold as a key asset,”Standard says. Russia added 22.8 tonnes of gold to its official reserves,following purchases of 18.9 tonnes...Read More

Standard Chartered: Central Banks Remain Net Buyers Of Gold

April 02, 2018 / www.kitco.com

Central banks were net buyers of gold in February and are likely to remain so, says Standard Chartered. “Appetite to sell was limited, sensitivity to price volatility was muted, and purchases were dominated by a small number of consistent buyers of size who view gold as a key asset,” Standard says. Russia added 22.8 tonnes of gold to its official reserves, following purchases of 18.9 t...Read More

Investment in Africa's mining sector to rise: BMI

April 02, 2018 / www.mining.com

Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries' mineral resource wealth, BMI Research believes that investments in the region will continue to rise in Q3-2018.In an industry overview published today, BMI presents the recent changes to the Democratic Republic of Congo's mining...Read More

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