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EMERGING MARKETS-LatAm currencies weaker on prospects of tighter policy abroad

January 29, 2018 / www.kitco.com

(Updates prices, adds Colombia rate cut)By Bruno FederowskiSAO PAULO, Jan 29 (Reuters) - Latin American currencies weakened on Monday as prospects of tighter monetary policy throughout developed markets drove investors away from high-yielding assets.Dutch central bank president Klaas Knot said on Sunday that "there is no reason whatsoever" for the European Central Bank (ECB) to continue...Read More

Asset managers rush to launch MSCI index funds ahead of China A-share inclusion

January 29, 2018 / www.kitco.com

By Samuel Shen and John RuwitchSHANGHAI, Jan 30 (Reuters) - Chinese asset managers, seeking to get ahead of an expected wave of foreign money inflows, are racing to launch index funds that place bets on a select group of mainland stocks, which will be included in MSCI's emerging market benchmark this year.The first such product to follow MSCI's inclusion announcement in June is Truvalue Asset Mana...Read More

Australia's Fortescue Metals Group Q2 iron ore shipments fall

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Fortescue Metals Group Ltd on Tuesday reported a 4-percent decline in second-quarter iron ore shipments, in line with analyst estimates.The world's fourth-largest producer of iron ore said shipments fell to 40.5 million tonnes in the three months ended Dec. 31 versus 42.2 million tonnes in the same period a year ago.UBS had forecast a figure of about 40.5 million tonnes. (Repo...Read More

UPDATE 1-Australia's Newcrest Q2 gold output down marginally, maintains 2018 guidance

January 29, 2018 / www.kitco.com

(Adds comment about Cadia mine, performance at Lihir)Jan 30 (Reuters) - Newcrest Mining Ltd's second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter, driven by increased production at Cadia, Lihir, Bonikro and Telfer.Newcrest said total gold output from its mines in Australia, Indonesia, Papua New Guinea and Ivory Coast fell to 612,695 ounces...Read More

What Do Quincy Jones, Serena Williams and Blockchain Have in Common?

January 29, 2018 / www.marketslant.com

Two big themes last week at Inside ETFs, the Comic-Con of exchange-traded funds attended by more than 2,300 advisors and investors, were innovation and disruption. Like all other industries, the investing world has seen its fair share of disruption in the past quarter-century-think indexing, passive investing, the rise of robo-allocation and now blockchain and cryptocurrencies. This year marks the...Read More

U.S. Budget Deficit To Top $1-Trillion In 2019: Budget Experts

January 29, 2018 / www.kitco.com

Susan CornwellWASHINGTON (Reuters) - As the U.S. Congress limps toward the likely passage next week of another stopgap spending bill to avert a government shutdown, a Washington think tank has estimated the federal budget deficit is on track to blow through $1 trillion in 2019.If it does, it would be the first time since 2012 the U.S. economy will have to support a deficit so large, highlighting a...Read More

Australia's Newcrest Q2 gold output down marginally; maintains 2018 Guidance

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Newcrest Mining Ltd second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter driven by increased production at Cadia, Lihir, Bonikro and Telfer.Newcrest said total gold outputfrom its mines in Australia, Indonesia, Papua New Guinea and Ivory Coast fell to 612,695 ounces in thequarter ended Dec. 30 from 614,715 ouncesa year ago,...Read More

Australia's Evolution Mining December-qtr gold output trimmed by mine sale

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Evolution Mining Ltd said on Tuesday second-quarter gold output fell 14.4 percent following the sale of a mine in September, but expects full-year production to be in the upper range of guidance.Gold production fell to 186,488 ounces in the December quarter from 217,812 ounces a year earlier, in line with the company's forecast of 180,000 to 190,000 ounces, the gold miner said i...Read More

CANADA STOCKS-Toronto shares hit six-week low as resources drag

January 29, 2018 / www.kitco.com

(Updates to close, adds details)Jan 29 (Reuters) - Canada's main stock index fell on Monday, touching a six-week low as energy and other resource shares tumbled alongside commodity prices.* The Toronto Stock Exchange's S&P/TSX composite index ended down 144.5 points, or 0.89 percent, at 16,094.72.* The index hit a session low of 16,090.66, its weakest intra-day level since Dec. 15. All but on...Read More

RT @BatteryPowerMag: How lithium and cobalt are getting a boost from Tesla, Apple batteries

January 29, 2018 / on.mktw.net

The two metals face long-term supply constraints as batteries for smartphones and electric vehicles boom.Read full newsRead More

UPDATE 1-Brazils Minas Gerais state considers IPO of development agency -report

January 29, 2018 / www.kitco.com

(Adds Codemig comments)SAO PAULO, Jan 29 (Reuters) - The development agency owned by Brazilian state of Minas Gerais, known as Codemig, is planning an initial public offering and has invited investment banks to a hiring process, the company said in a statement on Monday. Codemig did not confirm the amount of the offer or when it would take place. Codemig's assets include a niobium mine, among oth...Read More

U.S. banking regulators sign off on foreign bank "living wills"

January 29, 2018 / www.kitco.com

WASHINGTON, Jan 29 (Reuters) - U.S. banking regulators said Monday that "living wills" submitted by 19 foreign banks are largely satisfactory, and are likely to ease expectations for future submissions from those firms.After the 2008 financial crisis, regulators have been demanding so-called living wills to be drawn up by some banks and financial institutions to provide a contingency pla...Read More

Apple, Caterpillar Send Dow Down 177 Points

January 29, 2018 / www.schaeffersresearch.com

U.S. stocks ended the day lower, retreating from last Friday's record highs. The Dow closed near its intraday low, as Apple (AAPL) slid on reports the tech giant had halved its iPhone X production target, and Caterpillar (CAT) sank after analysts expressed concern over margins and slow progress in North America Free Trade Agreement (NAFTA) negotiations. The Nasdaq and S&P ended the day lower, as w...Read More

There's Still No SPY "Alternative" for Options Traders

January 29, 2018 / www.schaeffersresearch.com

The following is a reprint of the market commentary from the February 2018 edition of The Option Advisor, published on January 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.It was not quite a year ago in this space when we discussed the groundswell of inflows into the iShares Core S&P 500 ETF (IVV), an exch...Read More

GLOBAL MARKETS-Stocks slip as Treasury yields hit three-year highs

January 29, 2018 / www.kitco.com

(Adds U.S. market close)* U.S. Treasury yields rise above 2.70 percent* German 5-year bond turns positive, first time since 2015* Dollar set for biggest monthly fall in nearly two years* Oil dips but set for biggest January rise in five years By Herbert LashNEW YORK, Jan 29 (Reuters) - Global equity markets slid on Monday and U.S. Treasury yields rose to more than three-year highs after remarks...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,075.40 25.40 NZX 50**8,327.59 -0.20DJIA**26,439.48-177.23 NIKKEI**23,629.34-2.54Nasdaq**7,466.505-39.267 FTSE**7,671.53 5.99S&P 500** 2,853.53 -19.34Hang Seng** 32,966.89-187.23SPI 200 Fut 5,983.0-27.0 STI** 3,577.07 9.93SSEC**3,523.5009 -34.63KOSPI** 2,598.19 23.43-------------------------------------------------...Read More

UPDATE 1-Colombia central bank cuts interest rate, surprises market

January 29, 2018 / www.kitco.com

(Adds central bank board chief, finance minister comments, context)BOGOTA, Jan 29 (Reuters) - Colombia's central bank unexpectedly lowered the lending rate on Monday, the last cut in its current cycle, as policymakers try to boost a still-sluggish economy even as inflation remains above target.The seven-member board voted four-to-three to reduce the lending rate by 25 basis points to 4.50 percent...Read More

CANADA STOCKS-Toronto index hits six-week low as resources fall

January 29, 2018 / www.kitco.com

Jan 29 (Reuters) - Canada's main stock index slumped on Monday, touching a six-week low as energy and other resource shares tumbled alongside commodity prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 144.5 points, or 0.89 percent, at 16,094.72. (Reporting by Leah Schnurr; Editing by James Dalgleish) Disclaimer: The views expressed in this article are those...Read More

Australia shares to track U.S. stocks lower; NZ flat

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Australian shares are set to slide on Tuesday, taking their cue from a lower finish on Wall Street, while a fall in commodities prices could lead to a weakness in materials stocks.The three main U.S. indexes retreated sharply on Monday from record levels last week, with the Dow falling more than 100 points, weighed down by Apple after a media report added to concerns about deman...Read More

US STOCKS SNAPSHOT-Wall St slides as Apple weighs

January 29, 2018 / www.kitco.com

NEW YORK, Jan 29 (Reuters) - Wall Street pulled back from record highs on Monday with the S&P 500 marking its biggest one-day percentage decline in about five months, weighed down by a slide in Apple shares.The Dow Jones Industrial Average fell 177.23 points, or 0.67 percent, to 26,439.48, the S&P 500 lost 19.34 points, or 0.67 percent, to 2,853.53 and the Nasdaq Composite dropped 39.27 po...Read More

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