Recent News

BOJ offers to buy Y 25 bln JGB (Inflation-indexed bonds) outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy outright 25 billion yen in inflation-indexed Japanese government bonds from 3/6. 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 accuracy of information provided; however, neither Kitco Metals Inc. n...Read More

UPDATE 1-Japan jobless rate hits 25-year low, inflation ticks up

March 01, 2018 / www.kitco.com

* Jan jobless rate falls to 2.4 pct vs f'cast 2.7 pct* Tokyo Feb core CPI +0.9 pct vs Jan +0.7 pct* Data bodes well for BOJ's battle to hit price goal (Adds quotes, detail)By Sumio Ito and Leika KiharaTOKYO, March 2 (Reuters) - Japan's unemployment rate hit a25-year low in January and job availability stayed at atwo-decade high, government data showed on Friday, offeringpolicymakers hope a strengt...Read More

BUZZ-USD/PHP beaten down as risk aversion sinks US yields

March 01, 2018 / www.kitco.com

* USD/PHP opens lower at 51.84 from prev close 51.92* Downturn in US yields, linked to risk aversion, tug on USD* US 10y slips to 2.82% from 2.86%; Powell tones down optimism* USD/PHP now tests 20 DMA support 51.83, despite stocks slide* Risk aversion may escalate and revive USD/AXJ later* Trump's tariffs plan rocks equities globally <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^P...Read More

BUZZ-COMMENT-USD/JPY to continue lower in March? Flows eyed

March 01, 2018 / www.kitco.com

USD/JPY could trade lower still into March and flows from various players willbe scrutinized closely. Japanese retail players and medium-to-longer termJapanese investors are long . Some offshore specs too as CFTC IMMCTA data bear out. The situation will likely be little changed when fresh data(as of this Tuesday) are released tonight. Anecdotal evidence suggest retailplayers in particular have bee...Read More

BUZZ-NZ's Kathmandu Holdings touches more than 7-1/2 month low

March 01, 2018 / www.kitco.com

** Outdoor retailer Kathmandu Holdings Ltd falls asmuch as 6.4 pct to NZ$2.06, its lowest since July 6** Stock has fallen in six of the last seven sessions** Stock posts its biggest intra-day pct fall since April 19** Stock is the biggest pct loser on the S&P/NZX50 Index ** Up to Thursday's close, stock had fallen 9.5 pct thisyear compared with a 0.7 pct decline in the S&P/NZX50 Index Mess...Read More

BOJ o/n call rate data for 3/1 Revised

March 01, 2018 / www.kitco.com

March 02 (BOJ Financial Markets Department) - The Bank of Japan announced the following interest rates for Japan's benchmark overnight call money. weighted average rate-0.052 percent highest rate 0.001 percent lowest rate-0.073 percent 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

BOJ: c/a balance & market operations (3/1) - Revised

March 01, 2018 / www.kitco.com

BOJ money market operations and current account deposit (3/1)March 02 (BOJ Financial Markets Department)in billion yen 3/1 Projected Preliminary RevisedBank notes -90 -90 -90Treasury funds and others-1310 -1210 -1210------------------------------------------------------------------------------Market balance -1400 -1300 -1300--------------------------------------------------------------------------...Read More

BUZZ-EUR/USD-Tight early - Asia FX watches as stocks slump

March 01, 2018 / www.kitco.com

* +0.1% in early Tokyo - FX sidelined as stocks slump - Nikkei -2.5%* Economists poll suggests EZ growth has peaked, but resilient * Bullish outside day would be validated by a close above 1.2273 NY high * Momentum studies conflict, 5, 10 & 20 DMAs slip - negative setup* Targets a close below 1.2172, 38.2% Nov/Feb rise, tested in NY* 1.2200-10 913M, 1.2250 2.6BLN & 1.2300 826M are the clos...Read More

BUZZ-S.Korea's Posco hits 4-wk low on US steel tariffs plan

March 01, 2018 / www.kitco.com

** S.Korean steelmaker Posco falls more than 3pct to a four-week low** U.S. President Donald Trump announced on Thursday hewould impose hefty tariffs on imported steel and aluminium toprotect U.S. producers ** Other steel shares such as Hyundai Steel andDongkuk Steel also down nearly 3 pct** Broader market slumps 1.4 pct as of 0105 GMT Disclaimer: The views expressed in this article are those of...Read More

REFILE-GLOBAL MARKETS-Asia extends Wall St selloff as Trump sparks fears of trade war

March 01, 2018 / www.kitco.com

(Refiles to fix typographical error in first paragraph)* Trump's tariff on steel and aluminium raises trade warfears* U.S. debt yields fall as trade worries dwarf inflationjitters* U.S. junk bonds post largest fall since Nov 2016By Hideyuki SanoTOKYO, March 2 (Reuters) - Stock markets in Asia extended aselloff on Wall Street as investors were rattled after PresidentDonald Trump announced the Unite...Read More

FOREX-Dollar sags after Trump's tariff decision takes wind out of recovery

March 01, 2018 / www.kitco.com

* Dollar index pulled back from 6-week highs* Trump's steel & aluminium tariff plan stops dollar'srecovery* Euro awaits weekend Italy elections for near-term cues* Pound edges off 7-week lows, focus on May's speechBy Shinichi SaoshiroTOKYO, March 2 (Reuters) - The dollar drooped on Friday,having pulled sharply back from six-week highs after U.S.President Donald Trump's decision to impose tarif...Read More

BUZZ-Japan's steelmakers underperform on U.S. import tariff worries

March 01, 2018 / www.kitco.com

** Steelmakers tumble; Nippon Steel & Sumitomo Metal Corp down 3.7 pct to 2,424 yen, lowest since last June; JFEHoldings declines 3.7 pct to 2,323 yen, lowest sincelast Oct; Kobe Steel falls 3.0 pct to more than 2-weeklow of 1,122 yen** President Donald Trump said the United States wouldimpose import tariffs on steel and aluminium ** Trump said the duties of 25 percent on steel and 10percent o...Read More

BUZZ-S.Korea stocks with N.Korea exposure rally on Prsident Moon's plan to send special envoy

March 01, 2018 / www.kitco.com

** Shares of companies with exposure to North Korea rallyafter S.Korea's President Moon Jae-in on Thursday said he plansto send a special envoy to Pyongyang ** Clothing companies such as In The F Co Ltd soars more than 12 pct to its 13-month high, while Shinwon rises 6.5 pct** Both companies own a branch in Kaesung Industrial Complexin North Korea** Broader market down 1.5 pct as of 0042 GMT Dis...Read More

BUZZ-Australia EVZ Ltd hits over 1-mth high on new contracts

March 01, 2018 / www.kitco.com

** EVZ Ltd rises as much as 16.7 pct to A$0.028,its highest since Jan. 15** Energy and engineering services firm's unit securescertain contracts for A$11.2 mln ($8.69 mln) ** Stock posts biggest intra-day pct gain since Jan. 12** About 2.2 mln shares have changed hands, compared withthe 30-day average of 649,985 shares($1 = 1.2890 Australian dollars) Devika.Syamnath.thomsonreuters.com@reuters.net)...Read More

POLL-TAKE A LOOK-Reuters March polls on the outlook for major economies

March 01, 2018 / www.kitco.com

March 2(Reuters) - Reuters has surveyed around 80 economists on the outlook for growth, inflationand central bank policy in the euro zone.Other stories on the U.S., UK and Japan economic outlook to follow the comingweeks.> Euro zone economic growth momentum has peaked, say economists DETAILED DATA AND CROSS-COUNTRY COMPARISONFor Reuters poll data by economic indicator, select country and prefer...Read More

BUZZ-Japan's Ito En tumbles after co cuts net profit forecast

March 01, 2018 / www.kitco.com

** Ito En dives 10 pct to 4,020 yen, its lowestsince mid November** Co cuts net profit outlook by 10 pct to 12.35 bln yenfrom 14 bln yen for FY ending April 2018 ** As of 00:27 GMT, about 386.50 thousand shares of theTokyo-to-based company have been traded, about 198.9 percent oftheir 30-day moving average of 194.28 thousand shares a day.** Among the 3 analysts that cover Ito En Ltd, the currentav...Read More

Renforth Commences Geophysics on New Alger Property

March 01, 2018 / bit.ly

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that Eagle Geophysics of Sorel, Qc has been retained to fly a helicopter borne high resolution Quadri-Mag, VLF and AFMAG Survey over our New Alger project which hosts both the Thompson-Cadillac Mine Area maiden resource and the Discovery Veins gold system.Read full newsRead More

UPDATE 1-U.S.-based junk bond funds post 7th straight week of outflows

March 01, 2018 / www.kitco.com

(Adds quotes from head of research services at Thomson ReutersLipper, table)By Jennifer AblanNEW YORK, March 1 (Reuters) - U.S.-based junk bond fundsposted $703 million of outflows for the week ended Wednesday,their seventh straight week of cash withdrawals, Lipper datashowed on Thursday.But higher up in the credit-quality spectrum, U.S.-basedinvestment-grade corporate bond funds attracted $1.37 b...Read More

S.Korea's factory sector expands marginally in February

March 01, 2018 / www.kitco.com

SEOUL, March 2 (Reuters) - South Korea's factory activityexpanded for a second straight month in February as growth inoutput and new orders was sustained, a private manufacturingsurvey showed on Friday.The Nikkei/Markit purchasing managers' index (PMI) onoperating conditions for the manufacturing sector was 50.3 forFebruary, compared with January's 50.7.The 50-point level separates expansion from...Read More

UPDATE 1-U.S. holds 'frank' talks on trade with Chinese envoy -White House official

March 01, 2018 / www.kitco.com

(Adds details of Lui He's meetings)WASHINGTON, March 1 (Reuters) - The Trump administrationheld "frank and constructive" talks with Chinese President XiJinping's top economic adviser, Liu He, on Thursday, a WhiteHouse official said, the same day U.S. President Donald Trumpsaid he would impose steep tariffs on imported steel andaluminium in a veiled threat to China."We underscored th...Read More

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