(Kitco News) - There are no visible triggers that could put a cap on the gold-silver ratio, ICBC Standard Bank said in a report.The gold-silver ratio has been trading at around 80 recently, nearing two-year highs on silver’s underperformance.“[The ratio] has not [traded] sustainably [above that level] since the early 1990s,” analyst at ICBC Marcus Garvey said in a report publishe...Read More
(Kitco News) - There are no visible triggers that could put a cap on the gold-silver ratio, ICBC Standard Bank said in a report.The gold-silver ratio has been trading at around 80 recently, nearing two-year highs on silver’s underperformance.“[The ratio] has not [traded] sustainably [above that level] since the early 1990s,” analyst at ICBC Marcus Garvey said in a report publishe...Read More
TOKYO, March 30 (Reuters) - Embattled liquid crystal display(LCD) maker Japan Display Inc said its board willdiscuss on Friday a plan to raise 50 billion yen ($469.88million), including more than 30 billion yen through athird-party allotment of new shares.The fund-raising will also include the sale of assets, thecompany said in a statement after national broadcaster NHKcarried a related report ear...Read More
(Reuters) - There will be no Southeast Asia stock marketreport on Friday, March 30, as most Southeast Asian financialmarkets will be closed for holidays.Reuters will resume coverage of Southeast Asian stockmarkets from Monday, April 2. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure ac...Read More
SEOUL, March 30 (Reuters) - Shares of Hyundai Mobis extended losses on Friday falling as much as 3.5percent on worries its parent group's restructuring plan willdisadvantage Mobis shareholders.Its affiliate Hyundai Glovis , which will acquiretwo divisions to be spun off from Hyundai Mobis, fell as much as6 percent, reversing their sharp gains on Thursday. Hyundai Mobis will spin off its domestic m...Read More
* Dollar steadies after rallying earlier in the week* Surge peters out ahead of quarter-end* Major markets closed for holiday, currencies rangebound* Dollar index down more than 2 pct this quarterBy Shinichi SaoshiroTOKYO, March 30 (Reuters) - The dollar held steady againstits peers on Friday as the recovery seen earlier this weekpetered out ahead of the new quarter, which could potentiallybring r...Read More
(Adds economist's quote, details on tariffs)* Feb output +4.1 pct m/m vs forecast +5.0 pct* Output seen +0.9 pct in March, +5.2 pct in April* Labour demand strengthens again in FebBy Stanley WhiteTOKYO, March 30 (Reuters) - Japan's industrial productionrebounded in February from a large decline in the previous monthand companies forecast further gains in coming months in a signthat factory output...Read More
Please Note: US Markets are closed tomorrow for Good Friday. CloseGain/LossOn WeekGold $1325.90+$0.20-1.47%Silver$16.34+$0.05-1.15%XAU81.12+1.85%-0.47%HUI175.41+1.52%-0.82%GDM612.39+1.10%-0.74%JSE Gold1127.39-3.86-0.34%USD90.06-0.07+0.68%Euro123.04-0.02-0.42%Yen94.05+0.49-1.72%Oil$64.94+$0.56-1.43%10-Year2.742%-0.031-2.49%Bond146.40625+0.53125+0.97%Dow24103.11+1.07%+2.42%Nasdaq7063.44+1.64%+1...Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
Please Note: US Markets are closed tomorrow for Good Friday. CloseGain/LossOn WeekGold $1325.90+$0.20-1.47%Silver$16.34+$0.05-1.15%XAU81.12+1.85%-0.47%HUI175.41+1.52%-0.82%GDM612.39+1.10%-0.74%JSE Gold1127.39-3.86-0.34%USD90.06-0.07+0.68%Euro123.04-0.02-0.42%Yen94.05+0.49-1.72%Oil$64.94+$0.56-1.43%10-Year2.742%-0.031-2.49%Bond146.40625+0.53125+0.97%Dow24103.11+1.07%+2.42%Nasdaq7063.44+1.64%+1...Read More
- This is the largest debt issuance since 2008 financial crisis- Trump threatens trade war with its biggest creditor - China- Bond auctions have seen weak demand due to large supply and trade war concerns- $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months- US total national debt level now exceeds $21.05 trillion and is accelerating higher- U.S. debt and dolla...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +1.2 pct, CSI300 +1.4 pct, HSI +0.2 pct* Shanghai->HK daily quota used 7.2 pct* Shenzhen->HK daily quota used 11.2 pct* CNY official close 6.289 per dollar* FTSE China A50 +2.1 pct, BNY Mellon ADR China Select Index +1.8 pctSHANGHAI, March 30 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that might a...Read More
By Jonathan StempelNEW YORK, March 29 (Reuters) - HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigationaccusing it of conspiring to manipulate the Libor benchmarkinterest rate, becoming the fourth major bank to settle.The preliminary accord with "over-the-counter" investorsthat transacted directly with banks on a panel to determineLibor, or the London Interbank...Read More
(Reuters) - There will be no Australia and New Zealand stockmarket report on Friday (March 30) and Monday (April 2) asfinancial markets in both countries will be closed for holidays.Reuters will resume coverage of Australia and New Zealandstock markets on Tuesday, April 3. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The aut...Read More
TOKYO,March 30 (Reuters) - Japan's benchmark Nikkei average opened up 1.10 percent at 21,392.42 on Friday, while the broader Topix gained 0.82 percent to 1,718.03. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accu...Read More
March 30 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATECOUNTRYAUCTION DETAILS 3-AprBelgiumAuction of Treasury bills 3-AprJapan3-month discount bill auction 3-AprJapanAuction of 10-year government bonds 3-AprSpainAuction of 6- and 12-month Treasury bills...Read More
March 30 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, APRIL 3SINGAPORE - Sing...Read More
March 30 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, APRIL 2DULUTH, United Sta...Read More
* February industrial output lower than eyed, +4.1% m/m against +5%expected.* Data still relatively good, January saw revised decline of 6.8%.* Manufacturers eye March +0.9% (previous -2.7%) and April +5.2% - bothgood.* Stronger JPY not having as large an effect as previously thought.* That said, stronger JPY usually means cap on exports and, hence, output.<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
TOKYO, March 30 (Reuters) - Japan's industrial output rose4.1 percent in February from the previous month, government datashowed on Friday, in a sign of a recovery in corporate activity.The rise compared with a median forecast for a 5.0 percentincrease and followed a revised 6.8 percent decline in January.Manufacturers surveyed by the Ministry of Economy, Trade andIndustry expect output to rise 0....Read More