Very few stocks have avoided the market headwinds of late. However, a handful of securities could be on sale at current levels, if history repeats. While these stocks tend to rally after major stock market dips, car rental concern Hertz Global Holdings, Inc (NYSE:HTZ) could also be flashing a short-term "buy" signal right now, if historical technical trends prevail. Below, we take a look at HTZ st...Read More

By Huw JonesLONDON, Feb 8 (Reuters) - Global banking rules should focus only on cross-border banks to avoid burdening local lenders and help reduce populist backlash against globalisation, Bundesbank board member Andreas Dombret said on Thursday.Dombret is Germany's representative on the Basel Committee, which finally completed in December its global capital rules for banks, aimed at avoiding a re...Read More

Gold settled higher Thursday, with a steady dollar and a drop in the U.S. stock market giving prices enough support to recoup some of the losses suffered over the last four sessions. April gold GCJ8, +0.52% rose $4.40, or 0.3%, to settle at $1,319 an ounce, after scoring its lowest finish for a most-active contract since Jan. 9 on Wednesday, according to FactSet data. It had posted losses in each...Read More

* Dermapharm prices IPO at 28 euros per share* Total proceeds seen at 377 mln eur* Gross proceeds for Dermapharm would be 108 mln eur (Adds final pricing, background)FRANKFURT, Feb 8 (Reuters) - Dermapharm shares are being placed at 28 euros ($34.33) apiece in the German drugmaker's initial public offer (IPO), at the middle of an indicative price range of 26 to 30 euros, the company said on Thursd...Read More

MEXICO CITY, Feb 8 (Reuters) - Mexico's central bank raised interest rates on Thursday to a nine-year high, as expected, in order to contain worries that inflation may not cool as quickly as forecast.Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis points to 7.50 percent, as forecast by 17 of 20 analysts polled by Reuters last week.(Reporting by Michael O'Boyle;...Read More

By Ben MartinLONDON, Feb 8 (Reuters) - Activist investor Sandell Asset Management plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain's biggest retailer.The New York based hedge fund said in a statement on Thursday that it holds a 1.75 percent stake in Booker and that it had expressed its concerns about the Tes...Read More

Alex Lightman, chief executive at TokenCommunities Plc, caught up with Proactive to discuss Forbes' first ever cryptocurrency rich list.In the top spot is Ripple co-founder Chris Larsen with an estimated crypto net worth of US$7.5-8bln.The list is made up of 19 people - all of them have an estimated net worth of more than $350 million.  Meet Medusa Mining, Cora Gold, Group Eleven Resources Lt...Read More

* US stocks sink; key indexes drop about 2 percent* Bond yields add to rate worries* BOE's hawkish message lifts sterling, gilt yields* Sentiment in stock markets remains frail* Oil falls as US output soars, N Sea supply restarts (Updates with European shares' close, adds quote)By Caroline ValetkevitchNEW YORK, Feb 8 (Reuters) - Stocks in world markets remained on shaky ground on Thursday, with ma...Read More

Feb 9 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,890.70 13.90 NZX 50**8,177.14 -17.59DJIA24,313.85-579.50 NIKKEI**21,890.86245.49Nasdaq6,898.682-153.30 FTSE**7,170.69 -108.73S&P 500 2,627.57 -54.09Hang Seng** 30,451.27128.07SPI 200 Fut 5,726.00 -86.00STI** 3,415.932.13SSEC**3,262.15 -47.11KOSPI** 2,407.62 11.06-----------------------------------------------------...Read More

(Adds details, quotes)WASHINGTON, Feb 8 (Reuters) - New York Federal Reserve President William Dudley said on Thursday that as long as the U.S. economy continue to grow at an above trend pace, he would be in favor of another interest rate rise at the U.S. central bank's upcoming meeting in March."We have above-trend growth, we have buoyant financial conditions, we still have an easy monetary...Read More

(Kitco News) - Gold prices wereending the U.S. day session with moderate gains Thursday. Another big sell offin the U.S. stock market prompted safe-haven demand in both gold and silvermarkets. Bargain hunters also stepped into both markets after they had droppedto multi-week lows early on today. April Comex gold futures were last up $4.80an ounce at $1,319.40. March Comex silver was last up $0.092...Read More

(Kitco News)- Gold prices have bounced off a five-week low, finding newtechnical momentum because of safe-haven demand according to some analyst.April gold futures have pushed to session highs Thursday afternoon-- last trading at $1,319.90 an ounce, up 0.40% on the day -- as equity marketsacross the board push lower. At one point the Dow Jones Industrial Average wasdown more than 600 points intrad...Read More

(Kitco News) - Gold prices were ending the U.S. day session with moderate gains Thursday. Another big sell off in the U.S. stock market prompted safe-haven demand in both gold and silver markets. Bargain hunters also stepped into both markets after they had dropped to multi-week lows early on today. April Comex gold futures were last up $4.80 an ounce at $1,319.40. March Comex silver was last up $...Read More

(Adds details from speech, quote, background, byline)By Andrea HopkinsMONTEBELLO, Quebec, Feb 8 (Reuters) - Technological advances will raise global economic growth, but policymakers will need to take steps to keep firms' market concentration in check and ensure workers are not left behind, a senior Bank of Canada official said on Thursday.In a speech that did not discuss monetary policy, Bank of...Read More

Proactive Investors oil and gas correspondent Jamie Ashcroft reports on Sound Energy PLC's (LON:SOU) plans for a three-well Morocco drill programme.The programme will address three independent and 'high potential' targets.Drilling of the first well, TE-9, is slated to kick off in July.  Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals Ltd. at our event, London,...Read More

(In paragraph 12, corrects year to 2017 intead of 2016)* KKR management, board evaluating whether to convert to C-Corp* Change would expand possible shareholder base* But firm would lose certain tax advantages* KKR Q4 earnings miss analyst expectations By Joshua FranklinNEW YORK, Feb 8 (Reuters) - KKR & Co LP said on Thursday its top executives were evaluating whether to structure the compan...Read More

* BoE: rates might rise "somewhat" earlier and more than thought* BoE: returning to "more conventional" timing for inflation fight* Growth forecast edges up for next three years, inflation weaker* Sterling jumps a cent against U.S dollar, gilt prices fall (Adds economists, weakening of sterling)By William Schomberg and David MillikenLONDON, Feb 8 (Reuters) - The Bank of England...Read More

NEW YORK, Feb 8 (Reuters) - The U.S. Treasury Department on Thursday sold $16 billion of 30-year government bonds at a yield of 3.121 percent, which was the highest yield at a 30-year auction in 11 months, Treasury data showed.The ratio of bids to the amount of 30-year issue offered was 2.26, marking its weakest reading since November. This gauge of overall auction demand was 2.74 at the prior 30-...Read More

Shares of Facebook Inc (NASDAQ:FB) fell 2.8% on Wednesday, after Snap (NYSE:SNAP) -- which owns Instagram rival Snapchat -- reported impressive earnings. The FAANG stock has sold off alongside the broader stock market in recent weeks, but is now trading near a trendline that historically has had bullish implications. If past is precedent, FB shares could be headed back near record-high territory i...Read More

Dorian Gonsalves, chief executive of Belvoir Lettings PLC (LON:BLV) tells Proactive's Andrew Scott they traded in line with expectations in 2017.The full-year results will be released on April 10 but in a pre-close trading update, the group revealed it performed well throughout the year reflecting the continued underlying organic growth in franchise management service fee income, a record number o...Read More