Feb 15 (Reuters) - Australian Securities Exchange Ltd ,the world's 16th-largest stock market by market capitalisation, said first-half net profit rose 5 percent as it experienced a pickup in trading activity in the derivatives markets.Profit for Australia's dominant bourse operator was A$230.5 million ($182.81 million) for the six months ended Dec. 31, it said on Thursday, beating a Citigroup esti...Read More
(Updates prices to close)TORONTO, Feb 14 (Reuters) - Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.U.S. consumer prices rose at a faster-than-expected rate in January, raising concerns that the Federal Reserve will accelerate its timetable to raise interest rates this year. *...Read More
The Dow kicked off the session with a triple-digit deficit, as hotter-than-expected inflation data stoked fears of an accelerated pace of Fed rate hikes. In addition, Wall Street digested a surprise 0.3% decline in January retail sales -- the biggest drop in almost a year. Nevertheless, the recent stock market roller-coaster ride continued, with the Dow swinging to a triple-digit gain by the close...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Feb 15 (Reuters) - Australian shares are set to move slightly higher at Thursday's open, following a positive end to Wednesday on Wall Street and higher commodity prices.Oil prices rose on Wednesday after U.S. crude stocks rose less than expected while iron ore futures in key market China climbed to their strongest in three weeks. In the U.S., the S&P 500 gained 1.34 percent. The local share p...Read More
Feb 15 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,841.200-14.700 NZX 50**8,058.800-63.420DJIA**24,893.28252.83NIKKEI**21,154.17-90.51Nasdaq**7,143.615130.105 FTSE**7,213.97 45.96S&P 500** 2,698.69 35.75 Hang Seng** 30,515.6 676.07SPI 200 Fut 5,84555.00 STI** 3,402.86 -12.21SSEC**3,199.4757014.5251700KOSPI** 2,421.83 26.64------------------------------------------...Read More
TORONTO, Feb 14 (Reuters) - Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 111.8 points, or 0.73 percent, to 15,328.27. Seven of the index's 10 main groups were in positive territory. (Reporting by J...Read More
DXY drops hard with VIX and stocks turning around. Investors seeking out safe havens. A sell-off in the greenback that is chasing the drop in the VIX below 20 leaves the DXY -0.39% that is currently trading at 89.35 within a range of between 89.327 - 90.124 for the day so far. The markets are turning around on its head with the benchmarks reversing the CPI data beat that, as expected, sent stock...Read More
(Kitco News)- While all eyes have been on gold’s massive rally Wednesday,the bigger play to come, according to some analysts, could be in silver.April gold futures, settling the session at $1,358, up more than 2% on theday, is seeing its biggest percentage gain in nearly two years. At the sametime, silver prices saw a 2% rally as March silver futures settled the sessionat $16.878 an ounce. B...Read More
Feb 14 (Reuters) - Wall Street surged on Wednesday as investors shrugged offstronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.The Dow Jones Industrial Average rose 254.38 points, or 1.03 percent, to 24,893.83, the S&P 500 gained 35.72 points, or 1.34 percent, to 2,698.65 and the Nasdaq Composite added 130.11 points, or 1.86 percent, to 7,143.62. (Rep...Read More
John W Barr, executive chairman of Mosman Oil And Gas Limited (LON:MSMN), tells Proactive they produced 3,558 barrels of oil in the four months to January from its Welch project in Texas.Cash flow from the project was also positive over the period.At the Arkoma project in Oklahoma, initial oil and gas production rates from the Union Valley zone the Arkoma Stacked Pay project (12%), indicate that i...Read More
Otis Gold Corp. (the "Company" or "Otis") (TSXV:OOO) (OTC:OGLDF) is pleased to announce assay results for the final nine core holes from its 25-hole, 8,000-metre drill program at the Kilgore Project in Idaho. Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au)in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17...Read More
U.S. stocks have once again erased steep losses, and are now charging higher. Several individual names are making volatile moves, as well, including FAANG stock Netflix, Inc. (NASDAQ:NFLX), cloud communications platform Twilio Inc (NYSE:TWLO), and biotech stock DBV Technologies (NASDAQ:DBVT). Here's a closer look at what shares of NFLX, TWLO, and DBVT are reacting to today.NFLX Stock Has Been Ta...Read More
Tom Becker, president and chief executive of Iofina plc (LON:IOF), tells Proactive construction's complete and they've now begun production at their IO#7 IOsorb (R) plant.The site in Oklahoma, USA has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals...Read More
MUMBAI, Feb 15 (Reuters) - Indian wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business.Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory fili...Read More
(Changes Bridgestone to Bridgewater in 11th paragraph)* Top global hedge fund shows hand on European firms* Bridgewater founder cautioned of global confidence swing* Short positions in Germany, France hit $12 billion By John O'Donnell, Maiya Keidan and Lawrence DelevingneLONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of...Read More
BUENOS AIRES, Feb 14 (Reuters) - Argentina's central bank held its benchmark seven-day interbank lending rate at 27.25 percent on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and "mixed signals" in prices so far this year.The central bank had lowered rates in each of the prior two decisions it had taken since the South American country...Read More
XAUUSD, H4 Gold fell from $1,333.00 to $1,318.00 after the U.S. CPI, with the contract initially taking its cue from the dollar’s move higher. Since then, prices have recovered to $1,337.60 highs as risk taking levels deteriorate, resulting in safe-haven buying. Bigger picture, the hotter CPI numbers should be supportive of gold, which has historically been seen as an inflati...Read More
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