By Daina Beth SolomonMEXICO CITY, Feb 16 (Reuters) - Key Latin American stocks edged up on Friday, helped by optimism on corporate earnings, but investors remained concerned that higher U.S. interest rates could hit demand for emerging markets. Mexico's S&P/BMV IPC index rose 0.12 percent, capping several days of modest gains, while Brazil's Bovespa rose 0.28 percent. In Mexico, bottler and re...Read More
The Chinese New Year, also known as the Spring Festival begins today initiating the year of the dog. Trading was quiet in Asia as markets closed in observance of this holiday. Substantial weekly gains characterized gold pricing as the U.S. dollar index lost ground throughout the trading week. Gold futures (April 2018 contract) had significant gains trading from the lows on Monday at $1,317 per oun...Read More
The Chinese New Year, also known as the Spring Festival begins today initiating the year of the dog. Trading was quiet in Asia as markets closed in observance of this holiday. Substantial weekly gains characterized gold pricing as the U.S. dollar index lost ground throughout the trading week. Gold futures (April 2018 contract) had significant gains trading from the lows on Monday at $1,317 per oun...Read More
No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for nearly 50% of all the mortgages in America-would soon go bankrupt.In fact, in June of 2...Read More
No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for nearly 50% of all the mortgages in America-would soon go bankrupt.In fact, in June of 2...Read More
(Adds close of U.S. markets)* Indictment over alleged Russian election meddling cools market* Stocks rally for sixth straight session* Euro zone, Treasury bond yields fall* Crude rises on equity rebound and weak dollar By Herbert LashNEW YORK, Feb 16 (Reuters) - The dollar rose and stocks around the globe rallied for a sixth straight session on Friday to post their best week in more than two yea...Read More
CEO Oliver Schacht from Curetis (EN Amsterdam:CURE) tells Proactive Investors says their Unyvero Platform finds killer bugs in hospitals and tells doctors which antibiotics to use.Schacht says they expect the FDA to approve the platform and first product in the U.S. which is a test for life-threatening ammonia. Schacht says he anticipates this to happen in the next few weeks. Meet Medusa Min...Read More
FTSE 100 rises 59 pointsRetail sales rise less than expected Segro shares jump after well-received results Property company Segro PLC (LON:SGRO) led the Footsie higher on Friday after a strong set of results.The FTSE 100 closed at 7,295, up 60 points on the day and more than 200 points on the week.SEGRO topped the leader-board with a 6.5% rise to 591.2p after reporting a 25.7% increase i...Read More
(Adds details, table, analyst's comment, byline)By Saqib Iqbal AhmedNEW YORK, Feb 16 (Reuters) - Speculators' net short bets on the U.S. dollar in the latest week shrank to a six-week low, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions - derived from net positions of International Monetary Market spe...Read More
BOSTON, Feb 16 (Reuters) - A New Jersey trader filed a lawsuit against Fidelity Investments, accusing it of "gross negligence" because he could not make trades on the company's website earlier this month during a volatile time on the stock market.The complaint by Christopher Musso comes after mutual fund company Fidelity, which also operates one of the largest U.S. online brokerages, sai...Read More
(Adds details, updates prices)Feb 16 (Reuters) - Canada's main stock index rose on Friday as a boost from the heavyweight energy sector helped the market rack up its best weekly performance in nearly two years.* The Toronto Stock Exchange's S&P/TSX composite index finished up 44.98 points, or 0.29 percent, at 15,452.64.* For the week, the index was up 2.8 percent in its biggest increase since...Read More
The Dow was up over 230 points at its session high, as traders cheered Coca-Cola earnings and upbeat housing data. However, the major market indexes lost some steam in afternoon trading -- and the Nasdaq turned lower -- following the U.S. indictment of several Russian nationals and entities for interfering with the 2016 presidential election. Nevertheless, the Dow and S&P extended their winning st...Read More
Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed.Read full newsRead More
Gold is almost flat on some recovery in the USD. Looking ahead, the concern of higher inflation may help Gold. Gold is now trading around $1357 in the New York session, edging up by almost 0.15% on some recovery in the USD. However, the concern of higher US inflation or rather reflation may also be supporting the yellow metal as traditionally; Gold is seen as inflation hedged physical...Read More
Feb 16 (Reuters) - Canada's main stock index ended modestly higher on Friday as a boost from the heavyweight energy sector was tempered by a decline in gold and natural resource companies, as well as cannabis producers.* The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 44.98 points, or 0.29 percent, at 15,452.64. (Reporting by Leah Schnurr; Editing by James Dalgleish...Read More
* Dollar posts fifth weekly loss out of seven weeks* Euro hits highest level since 2014 (Adds comment and updates prices)By Kate DuguidNEW YORK, Feb 16 (Reuters) - The dollar limped back from a three-year low against a basket of currencies on Friday but still marked its fifth weekly loss out of seven weeks this year, driving the euro up to its highest level since December 2014. The U.S. currency h...Read More
(Adds comments from Canadian potash producer Nutrien, Aluminum Association of Canada, Rio Tinto aluminum CEO, paragraphs 6-8, 12, 13)By Valerie Volcovici and Susan TaylorWASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on...Read More
(Kitco News)- As the Winter Games heats up, even the mining sector hascaught Olympic fever as one firm is doing what it can to promote women’shockey.Image coutesy of Hockey Canada: third from the left Marie-Philip Poulin, capital of Team Canada is being sponsored by Canadian mining financing firm Red Cloud Klondike Strike. From Left to right; Meghan Agosta, Brianne Jenner and Jocelyne Larocq...Read More
(New throughout, updates prices, market activity, comments and table)By Gertrude Chavez-DreyfussNEW YORK, Feb 16 (Reuters) - U.S. Treasury prices edged higher on Friday, as investors bought back bonds after a selloff earlier in the week spurred by robust U.S. inflation data that fed the view that the Federal Reserve may hike interest rates more aggressively than expected.U.S. benchmark 10-year yie...Read More
NEW YORK, Feb 16 (Reuters) - Speculators' net short dollar bets shrank to a six-week low, in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australia...Read More