Story by Jeff DesjardinsDespite being roughly nine years into the second-longest bull market in history, recent headwinds have cropped up to make the start of 2018 an interesting one for markets.As investors re-evaluate their portfolios and exposure, it's worth exploring some of the major themes and trends that are expected to drive markets in 2018.Predictions for 2018Today's infographic was done...Read More
Gertrude Chavez-DreyfussNEW YORK (Reuters) - Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.On the Luxembourg-based Bitstamp exchange, bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked...Read More
MOSCOW, Feb 5 (Reuters) - Russia's Vozrozhdenie Bank :* Bank publishes list of candidates for its board of directors without names of majority owners Dmitry and Alexei Ananyev* List also includes name of Yury Novozhilov, executive director of pension fund Blagosostoyanie* Bank says list was published by mistake and will be retracted on Tuesday morning* The Ananyev brothers held a majority stake in...Read More
Renforth Resources Inc.(CSE:RFR) ("Renforth" or the "Company") is pleased to announce that the airborne geophysical program for Denain, announced November 29, 2017, was completed.Eagle Geophysics of Sorel, Qc has delivered to Renforth a technical survey report and related maps.These will be filed for work completed purposes over the claims.Read full newsRead More
(Adds quotes, data; Updates prices)* Ten-year yields highest since Jan 2014* Fed seen more aggressive on rate hikes* Treasury to sell $66 billion notes, bonds this week By Karen BrettellNEW YORK, Feb 5 (Reuters) - U.S. Treasury yields pulled back from almost four-year highs reached overnight on Monday as investors weighed whether a dramatic week-long selloff had run its course, after improving ec...Read More
NEW YORK, Feb 5 (Reuters) - U.S. stocks' losses accelerated in afternoon trading on Monday, pushing the S&P 500 down more than 5 percent from its Jan. 26 record high and the Dow below 25,000 for the first time since Jan. 4.The Dow and S&P 500 also fell below their 50-day moving averages, while the Cboe Volatility index was on pace for its largest one-day jump since August 2015.The S&P...Read More
U.S. stocks continue to sink, mired in their worst sell-off in over a year. Among the stocks making notable moves today are chip stock Intel Corporation (NASDAQ:INTC), as well as biotech stocks Prothena Corporation (NASDAQ:PRTA) and Corcept Therapeutics Incorporated (NASDAQ:CORT). Here's a closer look at what's moving shares of INTC, PRTA, and CORT today.Apple Hopes Bolster INTC StockIntel stock...Read More
General Motors Company (NYSE:GM) is scheduled to report fourth-quarter earnings tomorrow morning. GM stock has a mixed history of post-earnings price action, but options traders are lining up on the bullish side of the fence ahead of the results, with nearly 67,000 calls traded so far today -- two times what's typically seen, and volume pacing in the 94th annual percentile.The March 50 call is mos...Read More
By Huw JonesLONDON, Feb 5 (Reuters) - British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said on Monday.Britain and the EU are negotiating the detail of a transition agreement to bridge the UK's departure from the bloc in March next year and start of new trading...Read More
* Stock markets extend recent selloff* Silver firms after biggest 1-day drop since Dec 2016* GRAPHIC-2018 asset returns: (Recasts throughout; updates prices, headline; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 5 (Reuters) - Gold prices steadied on Monday as a slide in stock markets helped the precious metal claw back some lost ground after logging its...Read More
BTU METALS CORP. ("BTU" or the "Company") (BTU:TSX:V) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More
(Adds comments on tax cuts, yield curve, inflation, background)By Ann SaphirFeb 5 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari, who voted against the Fed's interest-rate hikes last year, said on Monday he needs more convincing that wages and prices are on the rise before he would support further monetary policy tightening.Wages rose faster last year in more states than in...Read More
Gold futures ended lower Monday, failing to rebound from last week's losses, as recent data showing stronger U.S. hiring and wages boosted the prospects for a more aggressive Federal Reserve approach to interest rates and continued to lift the dollar. U.S. stocks traded sharply lower Monday, part of a broader global equity selloff, but didn't fuel any haven-related investment demand to the yellow...Read More
ABOARD AIR FORCE ONE (Reuters) - With stock markets declining again, the White House on Monday said the fundamentals of the U.S. economy are strong.A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 5, 2018. REUTERS/Brendan McDermid“Markets fluctuate, but the fundamentals of this economy are very strong and they are headed in the right direction,&r...Read More
WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday.Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, chairman of the Securities and Exchange Commission, will prov...Read More
PARIS, Feb 5 (Reuters) - The French Treasury and central bank urged Credit Mutuel Arkea on Monday to present details about the impact that would result from its potential split from cooperative bank Credit Mutuel. The board of Credit Mutuel Arkea, part of France's fifth-biggest lender, gave its management approval this month to do whatever was necessary to break away from its parent group of coope...Read More
Feb 6 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,026.20 -95.20NZX 50**8,241.83 -173.46DJIA25,063.11-457.85 NIKKEI**22,682.08-592.45Nasdaq7,166.845-74.10FTSE**7,334.98 -108.45S&P 500 2,719.95 -42.18Hang Seng** 32,245.22-356.56SPI 200 Fut 5,911-49 STI** 3,482.93 -46.89SSEC**3,487.38 25.30 KOSPI** 2,491.75 -33.64------------------------------------------------------...Read More
Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday's settlement. Volumes were massive with nearly 30m ounces of April delivery gold traded by mid-afternoon as gold pared some of its earlier gains.Gold and the US dollar usually move in opposite directions but on Monday the metal attracted buyi...Read More
Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday's settlement. Volumes were massive with nearly 30m ounces of April delivery gold traded by mid-afternoon as gold pared some of its earlier gains.Gold and the US dollar usually move in opposite directions but on Monday the metal attracted buyi...Read More
MILAN, Feb 5 (Reuters) - Global Infrastructure Partners (GIP) has presented an offer to buy Italian railway group Italo, two sources close to the matter said.One source said the infrastructure fund offered 1.9 billion euros ($2.4 billion) for the whole railway firm, excluding debt. The source added Italo would hold a board meeting on Tuesday to discuss both the bid and a planned listing on the Mil...Read More