Feb 2 (Reuters) - Australian shares are poised to edge lower at open on Friday, as gains on Wall Street lost steam after bond yields rose.Wall Street gave up earlier gains on Thursday as the U.S. Treasuries market started February on a sour note. The 10-year yield hit a near four-year peak after economic indicators seemed to confirm the Federal Reserve's inflation outlook.The local share price ind...Read More
(Adds details, stocks, updates prices to the close)By Nichola SaminatherTORONTO, Feb 1 (Reuters) - Canada's benchmark stock index ended its fourth day of losses at a 14-week low, as a hawkish Federal Reserve sapped demand for equities, with two cannabis producers posting the biggest declines on Thursday.* The Toronto Stock Exchange's S&P/TSX composite index ended down 90.75 points, or 0.57 per...Read More
(Corrects length of time since previous low close throughout.)TORONTO, Feb 1 (Reuters) - Canada's main stock index unofficially closed at a 14-week low on Thursday, as a hawkish Federal Reserve caused investor jitters, with marijuana producers leading the selloff.The Toronto Stock Exchange's S&P/TSX composite index was down 90.75 points, or 0.57 percent, at 15,860.92. (Reporting by Nichola Sa...Read More
The Dow explored both sides of breakeven today, trading in a range of almost 300 points before eventually settling in positive territory. A strong earnings move and all-time high from Facebook (FB) provided a lift for the broader market, but concerns about rising interest rates and a surprisingly weak productivity report contained the momentum in equities. The attention will likely stay on the tec...Read More
* Bank stocks buoyed by hawkish Fed comments* UPS falls as higher costs hurt profit* Amazon up, Alphabet down in extended trading after results* Dow up 0.14 pct, S&P 500 down 0.06 pct, Nasdaq down 0.35 pct (Updates to market close)By Stephen CulpFeb 1 (Reuters) - Wall Street gave up earlier gains on Thursday as bond yields rose and technology stocks retreated ahead of a host of high-profile ea...Read More
(Kitco News)- It’s not just retail investors who are taking a shine togold as an important portfolio diversifier, with a new report from PwC highlightinggrowing demand for the yellow metal from Sovereign Wealth Funds (SWF).According to the report, state-owned investment funds areturning towards alternatives assets like private equities, real estate,infrastructure and commodities like gold. T...Read More
(Kitco News) - It’s not just retail investors who are taking a shine to gold as an important portfolio diversifier, with a new report from PwC highlighting growing demand for the yellow metal from Sovereign Wealth Funds (SWF).According to the report, state-owned investment funds are turning towards alternatives assets like private equities, real estate, infrastructure and commodities like go...Read More
SANTIAGO, Feb 1 (Reuters) - Chile's central bank voted unanimously to keep its benchmark interest rate unchanged at 2.5 percent at its monthly policy meeting on Thursday, in line with market expectations.The bank said it would leave open the possibility for increased stimulus should inflation lag behind its target rate. (Reporting by Dave Sherwood; Editing by Lisa Shumaker) Disclaimer: The views...Read More
* Dollar bounce after Fed meeting short-lived* Greenback pares gains against yen* Euro strengthens (New throughout, updates prices, market activity and comments)By Stephanie KellyNEW YORK, Feb 1 (Reuters) - The dollar fell on Thursday against a basket of currencies, with the euro rising due to growing investor optimism in the economies that use the single currency.In January, the dollar fell 3.25...Read More
WELLINGTON, Feb 2 (Reuters) - Consumer confidence in New Zealand surged in January, breaking a three-month run of declines, with the mood about current conditions the brightest since 2007, a survey showed on Friday.The ANZ-Roy Morgan consumer confidence index rose to 126.9 in January from 121.8 the month before. A reading above 100 means optimists outnumber pessimists.A measure of how respondents...Read More
NEW YORK, Feb 1 (Reuters) - Gains on Wall Street faded on Thursday, with the S&P closing slightly lower as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings. The Dow Jones Industrial Average rose 37.32 points, or 0.14 percent, to 26,186.71, the S&P 500 lost 1.83 points, or 0.06 percent, to 2,821.98 and the Nasdaq Composite dropped 25.62 points, or 0....Read More
WASHINGTON, Feb 1 (Reuters) - The Federal Reserve on Thursday outlined standards for its annual 'stress test' of the largest banks to see how Wall Street would fare in a future financial crisis.Large lenders like JPMorgan Chase & Co and Bank of America Corp will have to report on whether their business could survive for long if the unemployment rate jumped to 10 percent and the economy was oth...Read More
Angkor Gold Corp. (TSX-V:ANK) and (OTC:ANKOF) ("Angkor" or "the Company") CEO Mike Weeks is pleased to provide an update of activities on its 100% owned Cambodian gold and copper projects and exploration activities with Japan Oil, Gas and Metals National Corporation (JOGMEC) and Emerald Resources NL.Read full newsRead More
Enforcer Gold Corp ('Enforcer' or the 'Company') (TSXV:VEIN)is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).Read full newsRead More
OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the 'Company' or 'Osprey') is pleased to announce that the non-brokered private placement offering of up to 13,333,333 units at $0.075 per unit for gross proceeds of up to $1,000,000 previously announced in the Company's news release of January 19, 2018 (the 'Private Placement') has been increased to up to 1...Read More
* U.S. 30-year yield breaks above 3 pct for first time since May* U.S. economy expanding at 5.4 pct in Q1 - Atlanta Fed* Further yield curve flattening is expected to resume* U.S. Treasuries posted worst month in over a year (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 1 (Reuters) - The U.S. Treasuries market started February on a sour note with the 10-year yield hitting a near...Read More
A short but sweet trading update from Spectra Systems Corporation (LON:SPSY) saw its stock surge on Thursday.The company - whose technology checks banknotes to make sure they're not counterfeit - said it received confirmation from its licensee for covert materials supplied to 18 central banks that the royalty component of the licensee's payments will be higher than previously expected for 2017.As...Read More
(Adds comments from media and analyst calls, updates market reaction)* Private equity heavyweights Apollo, Blackstone report Q4 results* Rising U.S. stock market help buyout firms book gains* Blackstone assets under management hit record high By Joshua FranklinNEW YORK, Feb 1 (Reuters) - Alternative asset managers Apollo Global Management LLC and Blackstone Group LP reported better-than-expected...Read More
Kerim Sener, managing director at Ariana Resources plc (LON:AAU), tells Proactive their Kiziltepe mine in Turkey saw the production and sale of 4,501 ounces of gold and 35,095 ounces of silver during the quarter ended 31 December 2017 - exceeding feasibility forecasts by around 38% for recovered gold on an annualised basis.Gross income from Kiziltepe for the period was US$6.31mln with an average e...Read More
Concerted global economic growth could hit 4% and top commodities consumer China is set to expand at a 6.6% clip this year according to the IMF and others.Factories around the world are buzzing - the global JP Morgan manufacturing PMI entered the year at its highest since February 2011.The LME index of base metals has climbed to the highest since 2014. Given its widespread use copper is considered...Read More