CloseGain/LossGold $1329.30+$8.00Silver$16.57+$0.05XAU81.06-0.03%HUI180.45UNCHGDM615.81+0.37%JSE Gold1170.31+51.97USD89.69-0.45Euro123.51+0.59Yen92.78+0.76Oil$59.19-$0.1010-Year2.829%-0.028T-Bond144.75+0.34375Dow24640.45+0.16%Nasdaq7013.51+0.45%S&P2662.94+0.26% The Metals: Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied b...Read More
- Gold has outperformed equities and bonds over the long term - PwC Research- Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)- From 1971 to 2016 (45 years), "gold real returns were approximately 10% while inflation increased 4%"- Gold also valuable due to lack of correlation and hedge against...Read More
CloseGain/LossGold $1329.30+$8.00Silver$16.57+$0.05XAU81.06-0.03%HUI180.45UNCHGDM615.81+0.37%JSE Gold1170.31+51.97USD89.69-0.45Euro123.51+0.59Yen92.78+0.76Oil$59.19-$0.1010-Year2.829%-0.028T-Bond144.75+0.34375Dow24640.45+0.16%Nasdaq7013.51+0.45%S&P2662.94+0.26% The Metals: Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied b...Read More
- Gold has outperformed equities and bonds over the long term - PwC Research- Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)- From 1971 to 2016 (45 years), "gold real returns were approximately 10% while inflation increased 4%"- Gold also valuable due to lack of correlation and hedge against...Read More
* Q4 GDP q/q annualised growth revised to 2.1 pct vs 2.8 pct* Year-on-year Q4 growth revised to 3.6 pct vs 3.1 pct* GDP grew 3.6 pct in 2017, fastest since 2014 By Masayuki Kitano and Fathin UngkuSINGAPORE, Feb 14 (Reuters) - Singapore's economy grew slower than initially thought in the fourth quarter from the third, as manufacturing activity slumped in a sign of moderating momentum this year as...Read More
* Dollar/yen crawls back from 5-mth lows as Japan stocks bounce* US inflation data awaited for near-term cues By Shinichi SaoshiroTOKYO, Feb 14 (Reuters) - The dollar clung above a five-month low against the yen on Wednesday, its slide halted as a recovery in broader risk sentiment remained intact for the time being.Recent swings in risk sentiment have been a key driver of currencies and investor...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +1.0 pct, CSI300 +1.2 pct, HSI +1.3 pct* CNY official close 6.34 per dollar, 4.5 pct firmer vs US$ last 90 days* FTSE China A50 +1.7 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Feb 14 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.Policy, governmen...Read More
SYDNEY, Feb 14 (Reuters) - A measure of Australian consumer sentiment slipped from four-year highs in February as wild swings in global financial markets seemed to spook some.A Melbourne Institute and Westpac Bank survey of 1,200 people published on Wednesday said its index of consumer sentiment dipped 2.3 percent in February from January, when it rose 1.8 percent.The index was still up 3.1 percen...Read More
Feb 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times* Britain's statistics agency, the ONS, said it was changing its schedule for the release of labour market data to give lawmakers more time to understand the politically sensitive jobs figures ahead of parliamentary...Read More
Feb 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times* Britain's statistics agency, the ONS, said it was changing its schedule for the release of labour market data to give lawmakers more time to understand the politically sensitive jobs figures ahead of parliamentary...Read More
(Adds background)SEOUL, Feb 14 (Reuters) - South Korea's trade ministry said on Wednesday it will take a dispute to the World Trade Organization against the United States for imposing high anti-dumping duties on South Korean steel and transformers. The move comes after the United States in May 2016 slapped anti-dumping duties on Korean steel products and transformers of up to 60.81 percent by app...Read More
SINGAPORE, Feb 14 (Reuters) - Singapore's monetary policy stance remains unchanged, a central bank official said on Wednesday, after data confirmed the city-state recorded its highest annual growth for three years in 2017. Many economists expect the central bank to tighten policy later this year as the economy recovers, possibly as soon as its next meeting in April."Monetary policy stance rem...Read More
(Adds details on consumer spending, imports, exports)* Q4 GDP expands annualised +0.5 pct vs f'cast +0.9 pct* Q4 GDP +0.1 pct qtr/qtr, vs f'cast +0.2 pct* Consumption +0.5 pct vs f'cast +0.4 pct* Capex +0.7 pct vs f'cast +1.1 pct By Stanley WhiteTOKYO, Feb 14 (Reuters) - Robust consumer spending drove Japan's economy to eight straight quarters of growth in October-December, its longest continuou...Read More
Feb 14 (Reuters) - Biotherapeutics company CSL Ltd reported a 35 percent rise in its first half profit on Wednesday and upgraded its earnings guidance for the fiscal year.Net profit after tax was $1.1 billion, the company said, compared with $805.5 million a year ago. CSL also upgraded its fiscal 2018 earnings guidance to about $1.55 billion-$1.60 billion from an earlier forecast of $1.48 billion-...Read More
The U.S. has been a net importer of energy since 1953, but that's set to change early next decade, according to the Energy Information Administration (EIA). In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the boom in shale oil and liquefied natural gas (LNG) production as we...Read More
Feb 14 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS14-FebGermany Auction of 30-year Federal bonds14-FebJapan Auction of 5-year government bonds15-FebJapan 3-month discount bill auction15-FebSpain Bond auction15-FebSwedenAuction of inflation-linked government bonds15-FebUnited KingdomAucti...Read More
Feb 14 (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 ----------------------------------------------------------- WEDNESDAY, FEBRUARY 14JAKARTA - Indonesia Central Bank...Read More
(Kitco News) - Markets are very much preoccupied with volatility in the equity space at the moment and many investors are overlooking serious geopolitical risks, which could push gold prices up, according to Saxo Bank.“The market is so focused on NASDAQ volatility that a lot of geopolitical risk is being ignored,” chief economist at Saxo Bank Steen Jakobsen said in a note published on...Read More
(Kitco News) - Markets are very much preoccupied with volatility in the equity space at the moment and many investors are overlooking serious geopolitical risks, which could push gold prices up, according to Saxo Bank.“The market is so focused on NASDAQ volatility that a lot of geopolitical risk is being ignored,” chief economist at Saxo Bank Steen Jakobsen said in a note published on...Read More
WELLINGTON, Feb 14 (Reuters) - Fletcher Building Ltd Chief Executive Ross Taylor said on Wednesday that the company's flagged breach of its finance covenants was not related to missing payments. Fletcher said it expected its embattled commercial building unit to post a NZ$660 million ($480.2 million) loss, breaching its financial covenants. "It's an accounting provision and because our covena...Read More