Recent News

Singapore Q4 private home prices up 0.8 pct q/q

January 25, 2018 / www.kitco.com

SINGAPORE, Jan 26 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in private home prices in the fourth quarter of 2017:Quarter-on-quarter, percentage price change:QuarterQ4/2017 Q3/2017Singapore+0.8 +0.7private home prices *Rentals of private residential properties were down 0.9 percent in the fourth quarter from the previous quarter.*The latest fig...Read More

PRESS DIGEST- Financial Times - Jan 26

January 25, 2018 / www.kitco.com

Jan 26 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesDraghi takes swipe at U.S. for talking down dollar South Korea hits back at U.S. with WTO tariffs challenge FCA fines UK arm of Interactive Brokers for poor controls Overview- European Central Bank chief Mario Draghi took a swipe atU.S....Read More

China Stocks-Factors to watch on Friday

January 25, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -0.3 pct, CSI300 -0.6 pct, HSI -0.9 pct* HK->Shanghai Connect daily quota used 11.5 pct, Shanghai->HK daily quota used 22.5 pct* HK->Shenzhen Connect daily quota used 7.6 pct, Shenzhen->HK daily quota used 4.3 pct* CNY official close 6.3315 per dollar* FTSE China A50 -0.9 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Jan 26 (Reuters)...Read More

UPDATE 1-U.S. tech stock funds attract most cash since 2000 -Lipper

January 25, 2018 / www.kitco.com

(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 25 (Reuters) - U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors' wariness about markets has given way to exuberance.Tech mutual funds and exchange-traded funds (ETFs) bas...Read More

S. Korea's Shinsegae and E-Mart set to gain $940 mln from PE firms for online business

January 25, 2018 / www.kitco.com

SEOUL, Jan 26 (Reuters) - South Korean department store operator Shinsegae and its supermarket affiliate said they have signed a preliminary deal for more than 1 trillion won ($940 million) in investment from private equity firms for a planned online business company.Affinity Equity Partners and BRV Capital Management will make the investment, Shinsegae said. Shinsegae and its supermarket affiliat...Read More

DIARY-Government Debt Auctions to Feb 28

January 25, 2018 / www.kitco.com

Jan 26 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 26-JanItaly Zero-coupon/BTPi auction29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany...Read More

Trump says dollar will get 'stronger and stronger,' Mnuchin was misinterpreted

January 25, 2018 / www.cnbc.com

"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump tells CNBC. A day earlier, Treasury Secretary Steven Mnuchin said he welcomed a weaker U.S. dollar. Mnuchin's comments kicked off a 2 percent decline in the dollar index. Fred Imbert| @foimbert Published 6 Hours AgoUpdated6 Hours AgoCNBC.com show chapters President Trump: Ultimately I want to...Read More

DIARY-Emerging Markets Economic Events to March 22

January 25, 2018 / www.kitco.com

Jan 26 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 29 MARRAKECH, Morocco - Top Arab cen...Read More

DIARY-Top Economic Events to March 22

January 25, 2018 / www.kitco.com

Jan 26 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- FRIDAY, JANUARY 26 DAVOS, Switzerland - Riksbank Deputy Governor Cecilia Skingsley attends the...Read More

Precious Metals Dealers See Gold Hitting $1,460 By Year-End: Survey

January 25, 2018 / www.kitco.com

(Kitco News) - Expectations around which way the precious metals will be heading in 2018 have changed for the better, according to an informal survey conducted by nonprofit Professional Numismatists Guild (PNG).Gold is projected to go up to at least $1,460 an ounce by the end of the year, while silver is estimated to hit $40 and platinum to reach $1,150, said members of the Guild’s Accredite...Read More

Precious Metals Dealers See Gold Hitting $1,460 By Year-End: Survey

January 25, 2018 / www.kitco.com

(Kitco News) - Expectations around which way the precious metals will be heading in 2018 have changed for the better, according to an informal survey conducted by nonprofit Professional Numismatists Guild (PNG).Gold is projected to go up to at least $1,460 an ounce by the end of the year, while silver is estimated to hit $40 and platinum to reach $1,150, said members of the Guild’s Accredite...Read More

Some in BOJ see future room to raise rates, slow asset buying - Dec minutes

January 25, 2018 / www.kitco.com

TOKYO, Jan 26 (Reuters) - Some Bank of Japan board members said the central bank should consider raising interest rates or slow purchases of risky assets if the economic recovery continued, minutes of their December policy meeting showed on Friday.Most of the nine-member board agreed it was appropriate to maintain the BOJ's current "powerful" monetary easing with inflation distant from i...Read More

BOJ's Kuroda says FX rates should reflect fundamentals - Kyodo

January 25, 2018 / www.kitco.com

TOKYO, Jan 26 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said there was a shared agreement among Group of Seven advanced economies that currency rates should move stably reflecting economic fundamentals, Kyodo news agency reported.Kuroda's remarks were made to reporters in Davos on Thursday, when asked about U.S. Treasury Secretary Steven Mnuchin's comments that a weak dollar was good for...Read More

A Roller Coaster Ride For The U.S. Dollar And Gold

January 25, 2018 / www.kitco.com

Traders and investors were taken on a roller coaster ride in terms of price swings in both the dollar and gold markets during today’s trading session. Gold had been trading higher for the better part of the morning session, posting gains as it still had momentum from the previous day's rally.In fact, gold futures traded to a new yearly record high, taking prices to $1365.40 an ounce in early...Read More

A Roller Coaster Ride For The U.S. Dollar And Gold

January 25, 2018 / www.kitco.com

Traders and investors were taken on a roller coaster ride in terms of price swings in both the dollar and gold markets during today’s trading session. Gold had been trading higher for the better part of the morning session, posting gains as it still had momentum from the previous day's rally.In fact, gold futures traded to a new yearly record high, taking prices to $1365.40 an ounce in early...Read More

RPT-Japan Dec core CPI rises 0.9 pct yr/yr

January 25, 2018 / www.kitco.com

(Attaches to additional alert)TOKYO, Jan 26 (Reuters) - Japan's core consumer prices rose 0.9 percent in December from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.9 percent annual gain.Stripping away the effect of fresh food and energy, consumer prices r...Read More

Jan 25 Cameco (CCO,TSX) Announces Filing of a Technical Report for the Inkai Operation

January 25, 2018 / www.marketwired.com

SASKATOON, SASKATCHEWAN--(Marketwired - Jan. 25, 2018) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)Cameco (TSX:CCO) (NYSE:CCJ) announced today that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects titled "Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan." The technical report is dated J...Read More

EMERGING MARKETS-Mexican peso seesaws over dollar; Argentina stocks hit record

January 25, 2018 / www.kitco.com

(Updates prices, adds Trump comments)By Rodrigo CamposNEW YORK, Jan 25 (Reuters) - Mexico's peso seesawed against the dollar on Thursday as U.S. officials sent mixed signals on the greenback, while Argentina's Merval stock index broke the 35,000-point mark for the first time.Several emerging currencies hit multi-year highs against the greenback, with the dollar index languishing at more than three...Read More

New Zealand shares fall in lacklustre trading; Australia closed

January 25, 2018 / www.kitco.com

By Aditya SoniJan 26 (Reuters) - New Zealand shares saw broad-based losses on Friday, with healthcare stocks leading the fall, in a thin trading environment with Australian stock markets closed for a holiday.Six out of seven major sectors traded in the red, with the benchmark S&P/NZX 50 index falling 0.3 percent or 26.5 points to 8343.28 by 2251 GMT, having risen 0.6 percent on Thursday. The b...Read More

Gold remains supported on hawkish ECB

January 25, 2018 / www.fxstreet.com

Prior to the European Central Bank’s press conference earlier today, many people were expecting ECB President Mario Draghi to talk down the euro. He didn’t. In fact, his comments were quite optimistic and this helped to underpin the euro, lifting the main EUR/USD exchange rate to above 1.25. As the euro rose, the German DAX and other European stocks indices started to head lower. This...Read More

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