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Angola's central bank says only commercial banks can sell forex to public

February 12, 2018 / www.kitco.com

LUANDA, Feb 12 (Reuters) - Angola's central bank said on Monday it was the sole responsibility of commercial banks to sell foreign currency to the public and that it would sell forex only to large importers of essential goods. The southern African nation in January abandoned the kwanza's peg to the U.S. dollar, devaluing it by about 10 percent, in a bid to attract capital to the oil-exporting coun...Read More

Disney Deal Sends Alibaba Stock Higher

February 12, 2018 / www.schaeffersresearch.com

The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 days. Stocks highlighted in yellow are new entries to the list, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names standing out in today's trading are e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) and chip stock NVIDIA Corporation (NASDAQ:NVDA...Read More

Another Stock Leveled By Amazon

February 12, 2018 / www.schaeffersresearch.com

U.S. stocks arehigher today, with the Dow last seen up around over 480 points. Among the stocks making notable moves today are online mailing and shipping name Stamps.com Inc. (NASDAQ:STMP), drugmaker Collegium Pharmaceutical Inc (NASDAQ:COLL), and hardwood flooring retailer Lumber Liquidators Holdings Inc (NYSE:LL). Here's a closer look at what's moving shares of STMP, COLL, and LL today.Amazon...Read More

FOREX-Dollar rally stalls as U.S. stocks extend gains

February 12, 2018 / www.kitco.com

(Updates prices, quotes)By Kate DuguidNEW YORK, Feb 12 (Reuters) - The dollar fell against the euro on Monday following its best week against the single currency in nearly 15 months, as U.S. stocks recouped some losses from the dramatic selloff that saw the S&P 500's sharpest decline in more than two years. The selloff across asset classes forced investors betting against the U.S. currency to...Read More

Wishbone Gold shares rise as new Thai entity makes first gold shipment

February 12, 2018 / www.proactiveinvestors.co.uk

Wishbone Gold PLC (LON:WSBN) shares jumped as it announced the first shipment of gold from Thailand through a recently formed entity.The first gold delivery was sent to Dubai last week by Asian Commerce and Commodities Trading Co Ltd, which was recently formed to expand Wishbone's presence in Asia.The entity is 51% owned by Wishbone's Thai local partner, who is connected to the ruling royal family...Read More

Macarthur Minerals Announces Proposed Extension of Warrant Term

February 12, 2018 / bit.ly

Macarthur Minerals Ltd (TSXV:MMS) (the "Company" or "Macarthur Minerals") will be applying to the TSX Venture Exchange for approval to extend the expiry date of 33,408,479 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in July/August 2017.Read full newsRead More

PRECIOUS-Gold rises, but gains capped before U.S. price data

February 12, 2018 / www.kitco.com

* Dollar on track for weakest day since Feb. 1* Eyes on U.S. inflation data due Wednesday (Updates prices; adds comment, second byline, NEW YORK dateline)By Marcy Nicholson and Pratima DesaiNEW YORK/LONDON, Feb 12 (Reuters) - Gold prices rose on Monday as the dollar eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean U.S. interes...Read More

U.S. runs January budget surplus of $49 billion, Treasury says

February 12, 2018 / www.marketwatch.com

Getty ImagesThe U.S. Treasury said the federal budget deficit was $49 billion in January. The numbers: The U.S. government had a monthly budget surplus of $49 billion in January, down slightly from the same month last year. For the fiscal year to date, the government's deficit is $176 billion, up from $159 billion in the year-ago period. What happened: Some of the big drivers of spending in Ja...Read More

#China's Plunge Protection Team Arrives: Urges Companies To Boost #Stocks, "Avoid Selling" | Zero Hedge

February 12, 2018 / www.zerohedge.com

China's Plunge Protection Team officially arrived over the weekend, urging controlling investors in listed companies to boost their holdings and telling some mutual funds to limit equity selling this week.Read full newsRead More

#Retail Goes All-In: E-Trade Adds 37,100 New Accounts, Up 154% | Zero Hedge

February 12, 2018 / www.zerohedge.com

Retail investors just can't get enough of buying what institutions are selling to them...Read full newsRead More

#London City Airport Cancels Monday Flights As WW2 Bomb Found | Zero Hedge

February 12, 2018 / www.zerohedge.com

London City Airport canceled all flights on Monday after the discovery nearby of another unexploded bomb dropped by Hitler's Luftwaffe...Read full newsRead More

Mexico retail group says Jan same-store sales rose 3.9 pct

February 12, 2018 / www.kitco.com

MEXICO CITY, Feb 12 (Reuters) - Mexico's retail association said on Monday that sales at stores open for at least a year rose 3.9 percent in January from the same month a year earlier.The group, known as ANTAD, includes retail chains such as Wal-Mart de Mexico and Soriana .Total sales grew 7.3 percent compared with January 2017, the group said. (Reporting by Daina Beth Solomon) Disclaimer: The vi...Read More

Behind 2 Big Options Bets on Bank Stocks

February 12, 2018 / www.schaeffersresearch.com

The U.S. stock market is soaring today -- paring a portion of last week's losses after President Donald Trump unveiled a massive infrastructure plan. The financial sector is seeing some of the biggest gains, as evidenced by the price action in the SPDR S&P Regional Banking ETF (KRE) and the Financial Select Sector SPDR ETF (XLF). Options traders are blasting the exchange-traded funds (ETFs), too,...Read More

U.S. net bill supply seen totaling $290 bln in 4 weeks -JPMorgan

February 12, 2018 / www.kitco.com

NEW YORK, Feb 12 (Reuters) - The U.S. Treasury Department would sell about $290 billion in net ultra short-term debt in the next four weeks in the aftermath a budget agreement last week to suspended the federal debt limit into March 2019, JPMorgan analysts said on Monday.This increase in bill issuance would bring the government's cash balance toward $340 billion by the end of April after the Treas...Read More

Gold, Silver Prices Rally On Short Covering, Bargain Hunting

February 12, 2018 / www.kitco.com

(Kitco News) - Goldand silver prices were ending the U.S. day session with solid gains Monday. Theprecious metals were supported by a weaker U.S. dollar index and a rebound incrude oil prices. Some short covering in the futures market and bargain huntingin the cash market were featured in both metals, following last week’s sellingpressure. Impressively, the metals were able to post good pric...Read More

Gold, Silver Prices Rally On Short Covering, Bargain Hunting

February 12, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were ending the U.S. day session with solid gains Monday. The precious metals were supported by a weaker U.S. dollar index and a rebound in crude oil prices. Some short covering in the futures market and bargain hunting in the cash market were featured in both metals, following last week’s selling pressure. Impressively, the metals were able to post good...Read More

Andes Iron and Chilean ME enter conciliation process over $2.5-billion project

February 12, 2018 / www.mining.com

Attorneys from Antofagasta's First Environmental Tribunal, together with company executives, researchers and conservation experts, visited, flew over and sailed around the site where Andes Iron's Dominga mine and port project would be located, in the central Coquimbo region. The trip was part of an evaluation process the court was prompted to undertake following Andes Iron's appeal of an August 20...Read More

Average yields fall on Egypt's five- and 10-year T-bonds

February 12, 2018 / www.kitco.com

CAIRO, Feb 12 (Reuters) - Average yields on Egypt's five- and 10-year treasury bonds fell at an auction on Monday, central bank data showed.The average yield on the five-year bond fell to 14.438 percent from 14.716 percent at the last similar auction. The average yield on the 10-year bond fell to 13.871 percent from 14.416 percent. (Reporting by Arwa Gaballa, editing by Larry King) Disclaimer: Th...Read More

US STOCKS-Wall St gains for second straight day after tumultuous week

February 12, 2018 / www.kitco.com

* Materials, Industrials gain on Trump's second budget* 10-yr Treasury yields, VIX hold steady* Energy stocks gain as crude prices rise nearly 2 pct* Indexes up: Dow 1.65 pct, S&P 1.37 pct, Nasdaq 1.43 pct* Dow, S&P still roughly 6 pct lower than Feb. 1 close (Updates to early afternoon)By Sruthi ShankarFeb 12 (Reuters) - Technology and financial shares led Wall Street's main indexes highe...Read More

Asia Morning Call-Global Markets

February 12, 2018 / www.kitco.com

Feb 13 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,820.70 -17.30NZX 50**8,059.06 -33.310DJIA24,603.87412.97NIKKEI**21,382.62-508.24Nasdaq6,967.79 93.30 FTSE**7,177.06 84.63S&P 500 2,655.89 36.34 Hang Seng** 29,459.63-47.79SPI 200 Fut 5,765.00 24.00 STI** 3,384.98 7.74SSEC**3,153.56 23.71 KOSPI** 2,385.38 21.61-------------------------------------------------------...Read More

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