Recent News

UPDATE 4-McDonald's robust U.S. sales fail to impress, shares fall

January 30, 2018 / www.kitco.com

(Adds executive comment on competition, tax savings)By Lisa Baertlein and Siddharth CavaleJan 30 (Reuters) - McDonald's Corp on Tuesday reported robust U.S. fourth-quarter restaurant sales, boosted by new buttermilk chicken tenders and low-price food, but that was not enough to match Wall Street's increasing appetite for growth.Investor expectations are high three years into a turnaround led by C...Read More

British venture capital firm Augmentum seeks London listing- source

January 30, 2018 / www.kitco.com

By Ben MartinLONDON, Jan 30 (Reuters) - Augmentum Management, a Lord Rothschild-backed British venture capital firm, is planning to raise as much as 125 million pounds ($176.75 million) from a London stock market listing to put towards a new fund, according to a person familiar with the matter.The fintech-focused business is working with Fidante Capital on the listing that could take place as soon...Read More

Bidders for $500m Canada streaming deal as cobalt price surges-report

January 30, 2018 / www.mining.com

Cobalt prices have been one of the main beneficiaries of the scramble for battery materials by auto manufacturers.The metal quoted on the LME recently topped $80,000 a tonne, a gain of 140% since the beginning of last year. Measured from its record low hit in February 2016, the metal is more than $50,000 more expensive.Negotiating a price for a streaming deal could be complicated by the limited si...Read More

Ferrum Crescent announces maiden JORC resource at Toral

January 30, 2018 / www.proactiveinvestors.co.uk

Miles Campion and Laurence Read, executive directors at Ferrum Crescent Ltd (LON:FCR), discuss with Proactive's Andrew Scott the maiden JORC resource at their Toral zinc-lead project in Spain.The resource comes in at 16mln tonnes of ore grading 6.9% zinc equivalent, including lead credits, and 25 grams per tonne silver.In terms of metal that amounts to 670,000 tonnes of zinc, 540,000 tonnes of lea...Read More

Foreign fund managers untroubled by Russian "oligarch list"

January 30, 2018 / www.kitco.com

By Karin StroheckerLONDON, Jan 30 (Reuters) - International asset managers appear unfazed by Washington's move to name a group of business "oligarchs" as close to the Kremlin, with many saying on Tuesday that they were seeking an opportunity to add to their Russia exposure.The list compiled as part of a sanctions package signed intolaw in August named 210 people close to the Kremlin. The...Read More

2 Reasons to Buy ATVI Stock This Week

January 30, 2018 / www.schaeffersresearch.com

Activision Blizzard, Inc. (NASDAQ:ATVI) has had a solid start to the new year, boosted by the inaugural season of the Overwatch League. If past is precedent, ATVI could have even more room to run in the short term. Heading into Super Bowl weekend and a new month, we looked at the video game stock throwing up two significant "buy" signals. ATVI Stock Historically Hot After Super Bowl According...Read More

U.S. import tariffs risked setting off trade war - Bundesbank

January 30, 2018 / www.kitco.com

FRANKFURT, Jan 30 (Reuters) - Punitive tariffs imposed recently by the United States risk setting off a trade war that would only produce losers, Jens Weidmann, the president of Germany's central bank said on Tuesday.The U.S. imposed steep import tariffs on washing machines and solar panels earlier this month, and President Donald Trump threatened to confront the European Union over what he called...Read More

Options Traders See Bigger-Than-Normal Post-Earnings Move For Boeing Stock

January 30, 2018 / www.schaeffersresearch.com

Earnings season is well underway, and aerospace giant Boeing (NYSE:BA) is expected to report its fourth-quarter results before tomorrow's opening bell. Below, we will take a look into how BA has performed on the charts of late, and what the options market is pricing in for the stock's post-earnings action.As an overview, Boeing stock has outperformed on the charts this past year, more than doublin...Read More

Dow Decked by UnitedHealth Stock

January 30, 2018 / www.schaeffersresearch.com

Stocks are getting battered for a second straight day. The S&P 500 Index (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJIA) are all sharply lower, with the blue-chip index pacing for its worst daily percentage decline since August. A big pullback from insurance giant UnitedHealth Group (UNH) following this morning's announcement from Amazon (AMZN), Berkshire Hathaway (BRK.A),...Read More

BRIEF - Chile's Salmones Camanchaca IPO set for Feb. 2

January 30, 2018 / www.kitco.com

SALMONES CAMANCHACA SA :* Chile's Salmones Camanchaca will hold an initial public offering on the Santiago stock exchange on Feb. 2, the company said on Tuesday. It will also issue deposit certifictes (Norweegian Depositary Receipts)in Oslo. * The company's controller, Pesquera Camanchaca will hold a secondary share offering. Source text for Eikon: Further company coverage: Further company coverag...Read More

Gold Prices: LBMA Analysts See Dramatic Divergence In Precious Metals Forecasts

January 30, 2018 / www.kitco.com

(Kitco News)- It could be a dramatic year for the precious metals marketas there is a significant divergence in price forecasts for 2018, according tothe London Bullion Market Association.Tuesday, the LBMA released its forecast of 34 preciousmetals analysts, noting that there is a $390 trading range between the lowestend of the estimates and the highest prediction.The average gold prices among LBM...Read More

Gold Prices: LBMA Analysts See Dramatic Divergence In Precious Metals Forecasts

January 30, 2018 / www.kitco.com

(Kitco News) - It could be a dramatic year for the precious metals market as there is a significant divergence in price forecasts for 2018, according to the London Bullion Market Association.Tuesday, the LBMA released its forecast of 34 precious metals analysts, noting that there is a $390 trading range between the lowest end of the estimates and the highest prediction.The average gold prices amon...Read More

Bank of England's Carney says he "appreciated" Trump's dollar comments

January 30, 2018 / www.kitco.com

LONDON, Jan 30 (Reuters) - Bank of England Governor Mark Carney said on Tuesday he appreciated U.S. President Donald Trump's comments in favour of a strong dollar and said the U.S. economy continued to look strong even if other economies had also recently shown strength."I appreciated the president's comments of last Friday on the dollar," Carney told members of the upper house of Britai...Read More

Bank of England's Carney says time running out for RPI-linked gilts

January 30, 2018 / www.kitco.com

LONDON, Jan 30 (Reuters) - Britain should stop issuing new government bonds which pay returns linked to the discredited retail price index (RPI) within the next seven to 10 years, Bank of England Governor Mark Carney said on Tuesday.RPI is used as the benchmark for British inflation-linked debt as well as most student loans and many commercial contracts. But the country's statistics agency has sai...Read More

France expects GDP boost from including drug trade in calculations

January 30, 2018 / www.kitco.com

PARIS, Jan 30 (Reuters) - France will include the estimated value of its illegal drugs trade in calculating its gross domestic product starting in May, the INSEE statistics institute said on Tuesday, in a move that could add more than 2 billion euros to the size of the economy.The move comes as part of a broader revision of France's methodology for calculating key economic data and also includes c...Read More

EMERGING MARKETS-LatAm currencies mostly down ahead of Fed policy statement

January 30, 2018 / www.kitco.com

By Bruno FederowskiSAO PAULO, Jan 30 (Reuters) - Latin American currencies mostly weakened on Tuesday ahead of a Federal Reserve policy meeting this week that could bolster expectations of higher U.S. interest rates going forward.The Fed will publish its policy statement on Wednesday following a two-day meeting. Some economists expect it to raise its economic assessment, which would strengthen exp...Read More

Time to Bet on Bigger Losses for Dick's Sporting Goods Stock

January 30, 2018 / www.schaeffersresearch.com

The shares of Dick's Sporting Goods Inc (NYSE:DKS) made an impressive run higher since their early November lows, but have recently run into multiple layers of resistance. For instance, the stock is backing down from its descending 200-day moving average, and failed in the key $35 region, which is significant for many reasons. This area is where DKS was trading before a major bear gap in August, a...Read More

UPDATE 5-Russia's elite dismiss U.S. list as "telephone book" of the wealthy

January 30, 2018 / www.kitco.com

* List does not automatically lead to sanctions* Total of 210 people on the list* No report on Russian state debt published (Adds quotes, details, background)By Polina Devitt and Katya GolubkovaMOSCOW, Jan 30 (Reuters) - Russia's elite on Tuesday shrugged off U.S. publication of a sweeping list of oligarchs close to the Kremlin as simply a "telephone directory" of the rich, though a Krem...Read More

Moldova central bank keeps main interest rate unchanged at 6.5 pct

January 30, 2018 / www.kitco.com

KIEV, Jan 30 (Reuters) - The Moldovan central bank has decided to keep its main interest rate unchanged at 6.5 percent, data published on its website showed on Tuesday.The central bank last changed rates in early December, when it lowered the key rate by half a percentage point. (Reporting by Alessandra Prentice; Editing by Gareth Jones) Disclaimer: The views expressed in this article are those...Read More

FOREX-Dollar reverses gains as Fed meet starts, euro, yen strengthen

January 30, 2018 / www.kitco.com

* Dollar reverses gains from Monday* Euro, Japanese yen up* Traders await Fed meeting announcement, jobs report (Updates to U.S. market open; changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 30 (Reuters) - The dollar fell on Tuesday, reversing its gains from the day before, as traders awaited a Federal Reserve meeting announcement on Wednesday, while major currencies suc...Read More

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