BEIJING (Reuters) - Shanghai crude oil futures <0#ISC:> slumped on Wednesday, the third day of trading since their launch, after heavy selling overnight, as traders scrambled to follow cues from the main international markets.The big volumes done in the late evening in China underscore the complexity of trading the new contract when London’s Brent <0#LCO:> and WTI in the United S...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that North Korean leader Kim Jong Un looked forward to meeting with him, indicating the planned landmark talks between the isolated Asian leader and Republican president will go forward.“Received message last night from XI JINPING of China that his meeting with KIM JONG UN went very well and that KIM looks forward to his me...Read More

However, Morgan Stanley thinks it could be a buying opportunityTesla Inc (NASDAQ:TSLA) stock is dropping again today, down 6.3% at $261.60, and just off a new annual low of $260.89. It's been a rough stretch lately for TSLA stock, on track for its worst weekly loss since July 2017, and its steepest monthly loss since December 2010. The shares sank yesterday after Citi Research waxed pessimistic o...Read More

LONDON (Reuters) - Stocks stumbled again on Wednesday, as jitters about a U.S.-China trade war and regulatory crackdown on tech firms such as Facebook (FB.O) left investors facing their first quarterly fall in equity markets in two years.Europe’s main bourses <0#.INDEXE> fell as much as 1 percent in their fifth sell-off in six and the tech-heavy Nasdaq .NDX opened in the red in the Uni...Read More

(Kitco News)- Societe Generale is "moderatelybearish" on gold prices and calls palladium its "preferred precious metal."In a report released Tuesday,analysts said they look for gold to be at $1,275 in six months. As of 9 a.m.EDT Wednesday, spot gold was 2.5% higher so far in 2018 to $1,334.90 an ounce.Rising yields will be a headwindfor gold, SocGen said."That being said,...Read More

(Kitco News) - Societe Generale is "moderately bearish" on gold prices and calls palladium its "preferred precious metal."In a report released Tuesday, analysts said they look for gold to be at $1,275 in six months. As of 9 a.m. EDT Wednesday, spot gold was 2.5% higher so far in 2018 to $1,334.90 an ounce.Rising yields will be a headwind for gold, SocGen said."That being s...Read More

TODAY LEAD CALL FREEToday Lead Call – SELL Lead at CMP 155.85 for Target 155 – 154.50 with SL Above price 156.80. RISK Taker trade 2 lotsAFTER POST CONTENT Read More

SEOUL (Reuters) - The United States and South Korea have agreed to revise a trade pact with a side deal to deter competitive currency devaluation by Seoul and with concessions for U.S. autos and pharmaceutical companies, Trump administration officials said on Tuesday.In addition to increased access for American vehicles that meet U.S. but not necessarily South Korean safety standards, U.S. officia...Read More

Edge Therapeutics stock is getting incinerated this morningBiotech stock Edge Therapeutics Inc (NASDAQ:EDGE) closed Tuesday's session at $15.59, after a big rally to start 2018. In fact, the shares had nearly doubled over the past year. But now those gains seem like a distant memory, with EDGE getting absolutely destroyed today, down 90% at $1.60 and earlier falling to a record low of $1.50.The se...Read More

(Reuters) - Nasdaq futures slipped on Wednesday as tech stocks remained under pressure on concerns about increased regulations in the wake of Facebook’s data privacy issue.Facebook (FB.O) has lost more than $100 billion in market value since March 16, when it first acknowledged that user data had been improperly harvested by a consultancy firm.The stock was up 0.6 percent in premarket tradin...Read More

Goldman Sachs and RBC also cut their AAPL price targetsShares of Apple Inc. (NASDAQ:AAPL) are trading down 1% at $166.70, after Goldman Sachs cut its iPhone sales estimates by 1.7 million units to 53 million units in the first quarter of the calendar year, and by 3.2 million units to 40.3 million units in the second quarter. The brokerage firm also lowered its iPhone shipment forecast for this fis...Read More

BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More

BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More

WASHINGTON (Reuters) - U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third GDP e...Read More

LNG Capital's Louis Gargour tells Proactive Investors Europe's at a different place economically than the US.''The Fed has actually said they're going to raise rates four times this year ... Draghi has said he might finish tapering.''''The States is growing at over 2%, Europe is nowhere near that and I think there's a very big difference as to where the two Central Banks are.''''For bond investors...Read More

(Kitco News)- BMO Capital Markets has revised upward its average gold forecast for 2018 by 4% to $1,327 an ounce, looking for retail investment topick up on inflation concerns and big investors to want exposure due togeopolitical worries.As of 9 a.m. EDT Wednesday, spot gold was 2.5 % higher sofar in 2018 to $1,334.90 an ounce. “The return ofgeopolitical tension and concerns over the durati...Read More

(Kitco News) - BMO Capital Markets has revised upward its average gold forecast for 2018 by 4% to $1,327 an ounce, looking for retail investment to pick up on inflation concerns and big investors to want exposure due to geopolitical worries.As of 9 a.m. EDT Wednesday, spot gold was 2.5 % higher so far in 2018 to $1,334.90 an ounce. “The return of geopolitical tension and concerns over the d...Read More

SAN FRANCISCO (Reuters) - To Wall Street money managers who make bets for a living, U.S. President Donald Trump’s aggressive stance against China on trade looks like a high-stakes poker hand - but they believe they can play it for all it’s worth.Fears that Trump could set off a trade conflict have roiled Wall Street since March 1, when the president announced plans to impose tariffs on...Read More

Netflix stock is signaling more downside after Tuesday's tech sell-offShares of Netflix, Inc. (NASDAQ:NFLX) are in focus after the stock received a price-target hike at Barclays to $335 from $285 early this morning. This vote of confidence comes after yesterday's tech-sector sell-off which sent NFLX shares to their lowest close since March 1. Still, the security is pointed 3.7% lower in pre-market...Read More

Apple is reacting to bearish analyst attention, howeverDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as stocks eye a comeback from yesterday's tech-led sell-off. The Nasdaq-100 (NDX) is signaling a positive open, too, thanks in part to news Facebook (FB) has made a number of improvements to its privacy settings, lifting the FAANG stock in pre-market trading....Read More