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3 Reasons To Buy Visa Stock

January 31, 2018 / www.schaeffersresearch.com

Visa Inc (NYSE:V) has stormed into the new year, on track for its seventh straight monthly win. The blue chip financial firm is scheduled to report fourth-quarter earnings after tomorrow's close, and the stock could be on the cusp of a historically bullish month. Below, we will take a closer look at how Visa has been faring on the charts, and how options traders are speculating on the Dow stock.A...Read More

UPDATE 1-HNA unit Swissport gets financing for Aerocare deal

January 31, 2018 / www.kitco.com

(Adds comment on HNA partially repaying loan made by Swissport to affiliate)ZURICH, Jan 31 (Reuters) - Ground services and cargo handling group Swissport, a unit of cash-strapped Chinese conglomerate HNA Group , said it has secured a 325 million euro ($403 million) financing commitment from Barclays to support its acquisition of Australian ground handler Aerocare.The deal is now set to complete o...Read More

FOREX-Dollar rises after Fed statement, euro falls

January 31, 2018 / www.kitco.com

* Dollar turns positive after Fed meeting ends* Greenback still set for biggest monthly decline since March 2016* Euro falls after Fed statement, hovers near flat (New throughout, updates prices, market activity, adds commentary)By Stephanie KellyNEW YORK, Jan 31 (Reuters) - The U.S. dollar turned positive on Wednesday after the Federal Reserve left interest rates unchanged but said it expected in...Read More

Mexico inflation risks require firm monetary policy - cenbank

January 31, 2018 / www.kitco.com

MEXICO CITY, Jan 31 (Reuters) - Risks to Mexican inflation require timely and firm monetary policy action, the country's central bank said on Wednesday, supporting expectations the bank could hike rates in February.In an annual report to Congress the Bank of Mexico said it expected inflation to moderate and gradually converge towards its 3 percent target during 2018. (Reporting by Anthony Esposito...Read More

Canada PM Says Doesn't Think Trump Will Pull U.S. Out Of NAFTA

January 31, 2018 / www.kitco.com

David LjunggrenOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the $1.2 trillion trade pact.Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to revamp the North American Free Trade Agreemen...Read More

Newrange drills 53.4 m of 2.36 g/t Au at Pamlico

January 31, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE GOLD REPORTS LAST DRILL RESULTS FOR 2017 AND START OF 2018 DRILLING AT PAMLICO GOLD PROJECT, NEVADANewrange Gold Corp. has released final drill results for holes P17-33 through P17-40, the last eight holes from the 2017 Pamlico phase II drill program. Drill holes P17-33, 34 and 35 all contain significant oxide gold intercepts that confirm and extend high-grade...Read More

Newrange drills 53.4 m of 2.36 g/t Au at Pamlico

January 31, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE GOLD REPORTS LAST DRILL RESULTS FOR 2017 AND START OF 2018 DRILLING AT PAMLICO GOLD PROJECT, NEVADANewrange Gold Corp. has released final drill results for holes P17-33 through P17-40, the last eight holes from the 2017 Pamlico phase II drill program. Drill holes P17-33, 34 and 35 all contain significant oxide gold intercepts that confirm and extend high-grade...Read More

Gold recovers the smile above $1,340/oz, Fed eyed

January 31, 2018 / www.fxstreet.com

Bullion trades in black figures after two days with losses. Softer USD gives support to the move. (Expected) hawkish Fed could weigh on Gold. The ounce troy of the yellow metal is posting decent gains around the $1,340 area on Wednesday amidst a continuation of the selling bias surrounding the buck. Gold attention now to FOMC After two consecutive sessions in the red territory, Bullion is now st...Read More

Gold settles higher, then falls as dollar edges up after Fed statement

January 31, 2018 / www.marketwatch.com

Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week. Prices for the yellow metal then headed lower in electronic trading. The Fed left a short-term U.S. interest rate unchanged as expected, but also said it expects inflation "to move up this year" in a sign it's likely to...Read More

Options traders see outsized stock moves on U.S. tech results

January 31, 2018 / www.kitco.com

By Saqib Iqbal AhmedNEW YORK, Jan 31 (Reuters) - Options market traders expect shares of the biggest U.S. technology companies, including Apple Inc and Facebook Inc , to react more strongly to quarterly results than they have on average over the past two years, data showed on Wednesday.Expectations for increased turbulence in stock trading rises ahead of earnings, but traders have bid up volatilit...Read More

U.S. fund investors, undeterred by bond yields, go on buying spree

January 31, 2018 / www.kitco.com

By Trevor HunnicuttNEW YORK, Jan 31 (Reuters) - U.S. fund investors ignored rising bond yields and stomped into the markets in the days leading up to an equity selloff this week, Investment Company Institute (ICI) data confirmed on Wednesday.Some $40 billion rolled into U.S.-based mutual funds and exchange-traded funds (ETFs) during the week ended Jan. 24, the most on ICI's records dating to 2013,...Read More

Asiamet 'intensely active' at Beutong with drilling imminent

January 31, 2018 / www.proactiveinvestors.co.uk

Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive's Andrew Scott they're expecting to deliver a maiden resource estimate for their BKZ polymetallic prospect in May.Hughes says the asset, located in Central Kalimantan, Indonesia, has continued to yield near-surface base and precious metal-rich mineralisation.To date Asiamet has completed 27 of the 35 planned ho...Read More

Gold Modestly Up; No Surprises From FOMC

January 31, 2018 / www.kitco.com

(Kitco News) - Gold prices ended the U.S. day session modestly higher but off their highs Wednesday.An eroding U.S. dollar index continues to work in favor of the precious metalsmarket bulls. However, the USDX did move well off its daily lows in latetrading, which pulled the gold market down from its session highs. April Comex gold futures were last up $2.90 an ounce at $1,343.30. March Comex silv...Read More

Gold Modestly Up; No Surprises From FOMC

January 31, 2018 / www.kitco.com

(Kitco News) - Gold prices ended the U.S. day session modestly higher but off their highs Wednesday. An eroding U.S. dollar index continues to work in favor of the precious metals market bulls. However, the USDX did move well off its daily lows in late trading, which pulled the gold market down from its session highs. April Comex gold futures were last up $2.90 an ounce at $1,343.30. March Comex s...Read More

Bond Yields Weigh On Gold Following No Surprises From FOMC

January 31, 2018 / www.kitco.com

Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News)- In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept in...Read More

Bond Yields Weigh On Gold Following No Surprises From FOMC

January 31, 2018 / www.kitco.com

Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News) - In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept i...Read More

MONEY MARKETS-Fed statement reinforces U.S. rate-hike bets in March

January 31, 2018 / www.kitco.com

NEW YORK, Jan 31 (Reuters) - U.S. interest rates futures added modest losses on Wednesday as the Federal Reserve's latest policy statement reinforced bets the U.S. central bank would raise key borrowing costs at its next policy meeting March 20-21. At 2:16 p.m. (1916 GMT), federal funds futures implied traders priced in an 88 percent chance of a quarter point rate increase by the Fed at its March...Read More

Adaptive Insights hires Morgan Stanley to prepare for IPO -sources

January 31, 2018 / www.kitco.com

By Liana B. BakerJan 31 (Reuters) - Adaptive Insights Inc, a U.S. company that provides financial management software, has hired investment bank Morgan Stanley to lead an initial public offering that could come later this year, according to people familiar with the matter.A spokeswoman for Adaptive Insights, which is based in Palo Alto, said in a statement, that "we continually evaluate oppor...Read More

TREASURIES-U.S. yield curve flattens to decade low after Fed statement

January 31, 2018 / www.kitco.com

NEW YORK, Jan 31 (Reuters) - The U.S. yield curve flattened to levels not seen in over decade on Wednesday as traders sold more short-dated Treasuries in anticipation the Federal Reserve may raise rates faster to combat an expected acceleration in domestic inflation in 2018. At 2:21 p.m. EST (1921 GMT), the spread between five-year and 30-year Treasury yields was last at 42.6 basis points after to...Read More

Argentina says December industrial output 0.3 pct y/y

January 31, 2018 / www.kitco.com

BUENOS AIRES, Jan 31 (Reuters) - Argentina said on Wednesday industrial production in December rose 0.3 percent from a year earlier, resulting in cumulative industrial output growth of 1.8 percent for 2017.(Reporting by Hernan Nessi; Writing by Caroline Stauffer; Editing by Chris Reese) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Meta...Read More

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