Gold futures proved unable to hang on to early gains, ending with a small loss as the dollar pared its decline. Gold initially found haven-related support as global equities and Treasurys saw renewed selling pressure, analysts said. But while the U.S. dollar remained under pressure, the currency trimmed initial losses, which appeared to sap support for the metal. Gold also moves inversely to the d...Read More
Steve HollandWASHINGTON (Reuters) - President Donald Trump, battling a probe into his campaign’s alleged ties with Russia and struggling to sell Americans on his leadership abilities, will take credit for U.S. economic gains in the past year in an address to Congress on Tuesday night.Facing a deadline on an immigration controversy and strong Democratic opposition, Trump will also call for a...Read More
Jan 31 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,022.80 -52.60NZX 50**8,298.58 -29.010DJIA26,071.57-367.91 NIKKEI**23,291.97-337.37Nasdaq7,390.422-76.08FTSE**7,587.98 -83.55S&P 500 2,822.96 -30.57Hang Seng** 32,607.29-359.60SPI 200 Fut 5,938.0-22.0 STI** 3,548.74 -28.33SSEC**3,488.19 -34.81KOSPI** 2,567.74 -30.45--------------------------------------------------...Read More
(Kitco News)- It’s a sea of red for financial markets Tuesday as investorsare exiting profitable trades in the precious metals markets to raise capitalfor falling equity markets, according to analysts.Gold is modestly negative on the day, last traded at $1,340.30an ounce, down 0.36% but it is outperforming equities, which is seeing nearly1% declines across the board. According to reports the...Read More
Central banks remain powerful creatures. Will gold escape from their grip? Bank of Japan It’s a hot period in central banking. On Tuesday, the Bank of Japan kept its monetary policy on hold. Kuroda tried to convince the markets that the BoJ won’t follow the Fed towards an exit from easy monetary policy soon. “We haven’t reached the stage of thinking about how to handle an e...Read More
* Investors await Fed meeting for interest rate cues* Platinum's lengthy bear run shows signs of turning (Recasts throughout; updates prices, adds comment, NEW YORK to dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, Jan 30 (Reuters) - Gold slipped back to a one-week low on Tuesday as markets braced for U.S. President Donald Trump's annual State of the Union address and news on U.S. m...Read More
The major U.S. benchmarks are spiraling for a second straight day, as the 10-year Treasure yield hovers near a three-year peak, and healthcare stocks spiral. But while steel name AK Steel Holding Corporation (NYSE:AKS) sinks alongside the broader stock market, biotech Achaogen Inc (NASDAQ:AKAO) and healthcare technology firm Cerner Corporation (NASDAQ:CERN) are both in positive territory. Here's a...Read More
The spate of Christmas trading updates from the retailers has dried up so attention switches to macroeconomic events, specifically US interest rates.Having said that, the first Federal Reserve policy meeting of 2018 is expected to be one of the more uneventful Federal Open Market Committee (FOMC) meetings in some time.The likelihood of a hike on Wednesday evening is near zero, and the fact that th...Read More
Last week, 52% of Nasdaq-100 Index (NDX) stocks hit a new 52-week high. There have been just two other times in history when more than half of NDX components notched an annual peak in one week, and both signals preceded short-term pullbacks for the index. So, was this week's steep stock market drop in the cards for the Nasdaq-100 and its sector peers? The sample size is small, of course, but below...Read More
By Chijioke OhuochaLAGOS, Jan 30 (Reuters) - India's largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline, two industry sources with knowledge of the deal told Reuters.Barclays Africa is examining takeover bids from prospective buyers for 9mobile. However, a deal may take a few month...Read More
PARIS, Jan 30 (Reuters) - * Euronext said on Tuesday it will extend its Large-in-Scale (LIS) trade facility to commodity futures in response to interest in block trades.* Euronext's most active commodity futures contracts, wheat and rapeseed, will be available on LIS Trade, while block trades will be made available for a wide range of Euronext commodity futures contracts. These will include minimu...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: * LME nickel stocks vs LME benchmark nickel: (Adds closing prices, adds graphic)By Zandi ShabalalaLONDON, Jan 30 (Reuters) - Nickel came off two-year highs on Tuesday as investors booked profits from a rally that was supported by a low dollar and an improving demand and supply outlook.Benchmark LME nickel ended 3.3 percent lower at $13,350 ounces. The...Read More
Alex Lightman, chief executive of TokenCommunities Plc, and Daniel Taylor, chief executive of Stars Group chat to Proactive's Andrew Scott about their plans to bring football and Blockchain together.Taylor says they're looking to introduce the STARS token for the use in the purchase of merchandise as well as ticket sales and inner-group player transfers. Meet Reward Minerals Ltd, Recce Ltd,...Read More
(Kitco News) - Gold and silver markets could not hold modest early gains and were ending the U.S.day session weaker Tuesday, on some follow-through selling from Monday's losses.A weaker U.S. dollar index limited selling pressure in the metals. However, theUSDX was well up from its overnight low during the U.S. day session. Lowercrude oil prices today also weighed on the precious metals markets. Ap...Read More
(Kitco News) - Gold and silver markets could not hold modest early gains and were ending the U.S. day session weaker Tuesday, on some follow-through selling from Monday's losses. A weaker U.S. dollar index limited selling pressure in the metals. However, the USDX was well up from its overnight low during the U.S. day session. Lower crude oil prices today also weighed on the precious metals market...Read More
By Francesco CanepaFRANKFURT, Jan 30 (Reuters) - The European Union agency in charge of winding down failing banks is seeking external help to improve its image, tarnished by criticism of its handling of three collapsing lenders and of its preparedness for the task.Launched in 2014 to end an era of bank bailouts, the Single Resolution Board came under fire last year for deciding not to intervene i...Read More
* U.S. consumer confidence increases 2.3 points in January* House prices rise 6.4 percent in November from year ago WASHINGTON, Jan 30 (Reuters) - U.S consumer confidence rebounded in January and house prices increased further in November, suggesting that a recent acceleration in consumer spending was likely to be sustained despite sluggish wage growth.Robust consumer confidence and rising househ...Read More
* Dow posts biggest intraday point drop since May 17* Rising bond yields weigh; Fed meet, Trump speech eyed* Health stocks hit by Amazon, JPMorgan, Berkshire team-up* VIX hits highest level since August 2017* Indexes down: Dow 1.26 pct, S&P 0.97 pct, Nasdaq 0.81 pct (Updates to early afternoon)By Tanya AgrawalJan 30 (Reuters) - Rising bond yields and a sell-off in healthcare shares sent the U....Read More
(Adds detail from news conference)By David MillikenLONDON, Jan 30 (Reuters) - The Bank of England is turning its focus back to the more conventional business of bringing down inflation as Britain's economy showed it was getting over the damage wrought by the 2007-09 financial crisis, Governor Mark Carney said on Tuesday.Little more than a week before the BoE gives its latest assessment of the eco...Read More
(Repeats to additional clients; no change in text.)By Michelle MartinBERLIN, Jan 30 (Reuters) - The far-right Alternative for Germany (AfD) won't be able to thwart government plans to spend on refugees or possible euro zone bailouts, even if it holds the chair of the powerful parliamentary budget committee, its candidate for that position said.The AfD has nominated Peter Boehringer, a critic of e...Read More