Recent News

Profit upturn music to Symphony's ears

January 05, 2018 / www.proactiveinvestors.co.uk

Ian Bristow, Finance Director of Symphony Environmental Technologies (LON:SYM) tells Proactive how after the October announcement that profits would be not less than ?350,000, Symphony has now raised guidance to "not less than ?400,000", up from ?123,000 in 2016.The global specialist in products and technologies that "make plastic smarter" said revenues for 2017 should clock in at around ?8.2m...Read More

Fed's Powell had little enthusiasm for QE3, transcripts show

January 05, 2018 / www.kitco.com

By Ann Saphir, Lindsay Dunsmuir and Jason LangeSAN FRANCISCO/WASHINGTON, Jan 5 (Reuters) - Jerome Powell, President Donald Trump's pick to lead the U.S. central bank starting next month, backed the Federal Reserve's third bond-buying program only reluctantly, transcripts from the Fed's 2012 policy meetings show. "I'm supporting (the decision) with a certain lack of enthusiasm, and I am somewh...Read More

METALS-Zinc prices hit highest in over a decade on supply concerns

January 05, 2018 / www.kitco.com

* Zinc reaches highest since August 2007 at $3,375/T* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with closing prices, adds details)By Maytaal AngelLONDON, Jan 5 (Reuters) - Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming.Zinc st...Read More

Sterling trades sideways as investors look to Brexit talks for cues

January 05, 2018 / www.kitco.com

* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima KellyLONDON, Jan 5 (Reuters) - Sterling steadied against the dollar on Friday, ending the week at much the same levels it started at, with traders keen to see new developments on Brexit negotiations before taking new positions on the British currency. Economic data r...Read More

Two big new signings for Corero

January 05, 2018 / www.proactiveinvestors.co.uk

When big companies get hit by DDoS attacks, big profits get lost. That's why corporations are turning not only to faster connection speeds but also to sophisticated firewall software technology like Corero Network Security's SmartWall Defense System to defend themselves. Ashley Stephenson, CEO of Corero Network Security (LON:CNS) explains the share jump off the back of two significant new orders a...Read More

Stocks Continue to Rise; S&P, Nasdaq Eye Best Week In a Year

January 05, 2018 / www.schaeffersresearch.com

Stocks seemingly can't be stopped, as the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) scale fresh record highs. Today's gains comes despite this morning's mixed December jobs report and heavy selling on energy stocks, with the tech sector again leading -- evidenced by strong moves from Dow stocks Cisco Systems (CSCO) and Apple (AAPL). Meanwhile, the ISM non...Read More

US STOCKS-Wall St higher as investors shrug off weak December jobs data

January 05, 2018 / www.kitco.com

* U.S. economy adds 148,000 jobs in Dec vs est. 190,000* Average hourly earnings rise 0.3 pct, in line with estimates* Cisco rises after BofA Merrill Lynch slaps 'buy' rating* Indexes up: Dow 0.19 pct, S&P 0.23 pct, Nasdaq 0.48 pct (Changes comment, adds details, updates prices)By Sruthi ShankarJan 5 (Reuters) - Wall Street's major indexes rose to record highs on Friday after weaker-than-expec...Read More

EMERGING MARKETS-LatAm currencies tread water after mixed U.S. jobs data

January 05, 2018 / www.kitco.com

By Bruno FederowskiSAO PAULO, Jan 5 (Reuters) - Latin American currencies treaded water on Friday after a mixed batch of U.S. employment figures kept traders guessing about the pace of U.S. interest rate hikes.U.S. job growth slowed more than expected in December, but a pick-up in monthly wage gains pointed to labor market strength. Economists saw the figures, after a recent stretch of solid econo...Read More

Everything & Gold Will Rise in 2018, Except Bitcoin - Expert

January 05, 2018 / www.kitco.com

Editor's Note: View Kitco News' full 2018 outlook coverage(Kitco News) - Invest Like The Experts is back but with a twist! Known as a fan favorite, the Expert Series brings togetherwell-known investors and Kitco regulars to find out where they will be puttingtheir money in 2018.  This time, we asked investor David Erfle how he would invest$100,000 in the mining sector this year. He also share...Read More

Everything & Gold Will Rise in 2018, Except Bitcoin - Expert

January 05, 2018 / www.kitco.com

Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - Invest Like The Experts is back but with a twist! Known as a fan favorite, the Expert Series brings together well-known investors and Kitco regulars to find out where they will be putting their money in 2018.  This time, we asked investor David Erfle how he would invest $100,000 in the mining sector this year. He also s...Read More

Fed's Harker Says Two Rate Hikes 'Appropriate' This Year

January 05, 2018 / www.kitco.com

(Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker on Friday said he believes the central bank should raise rates just two times this year, fewer than most of his rate-setting colleagues, as low inflation continues to dog the U.S. economy.The dovish turn for Harker, a supporter last year of all three of the Fed’s interest-rate increases, signals a rising concern over the...Read More

Gold-stock upside huge

January 05, 2018 / www.mining.com

The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high s...Read More

Asia Gold-Higher prices dent demand

January 05, 2018 / www.mining.com

BENGALURU/MUMBAI, Jan 5 (Reuters) - Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.Gold prices hit 3-1/2-month highs on Thursday and were on track for a fourth straight weekly gain. Spot gold was down 0.36 percent at $1,318.12 per ounce at 0859 GMT on Friday.In top consumer China, premiums d...Read More

GLOBAL MARKETS-Global shares push higher; dollar undeterred by U.S. jobs report

January 05, 2018 / www.kitco.com

* World shares continue push higher* Dollar up after U.S. jobs report* Zinc prices highest in decade (Updates to U.S. trading open; changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 5 (Reuters) - World shares continued their strong start to 2018, with Wall Street opening up and European stocks advancing, while the U.S. dollar reversed its losses against the euro after a b...Read More

Kitco News Gold Survey: Gold To Keep On Shining

January 05, 2018 / www.kitco.com

(Kitco News) - Participants in the weeklyKitco News gold survey look for the precious metal to build on its gains nextweek, citing the soft U.S. jobs report released Friday and technical-chartmomentum. Wall Street Bullish Bearish Neutral VSMain Street Bullish Bearish Neutral Comex Februarygold topped the $1,300-an-ounce level on the final day of 2017 and has remainedabove...Read More

Kitco News Gold Survey: Gold To Keep On Shining

January 05, 2018 / www.kitco.com

(Kitco News) - Participants in the weekly Kitco News gold survey look for the precious metal to build on its gains next week, citing the soft U.S. jobs report released Friday and technical-chart momentum. Wall Street Bullish Bearish Neutral VS Main Street Bullish Bearish Neutral Comex February gold  topped the $1,300-an-ounce level on the final day of 2017 and...Read More

UPDATE 1-Deutsche Bank to post small 2017 loss on U.S. tax reform, weak markets

January 05, 2018 / www.kitco.com

* Revenue at bond-trading unit seen dropping 22 pct in Q4* Shares extend losses, down more than 4 percent* Bank had warned of weak Q4 revenue (Adds detail from statement, share price)FRANKFURT, Jan 5 (Reuters) - Deutsche Bank will post a small net loss in 2017 after weak trading, low client activity and a 1.5 billion euro ($1.8 billion) negative impact from a tax overhaul in the United States, it...Read More

UPDATE 1-U.S. services sector on track for growth in 2018 - ISM's Nieves

January 05, 2018 / www.kitco.com

(Adds background)NEW YORK, Jan 5 (Reuters) - U.S. services industries are expected to expand in 2018, though perhaps not at a pace as fast as the 12-year high set in October, Anthony Nieves, chair of the Institute for Supply Management's non-manufacturing business survey committee, said on Friday."You are still seeing growth," Nieves said on a conference call with reporters after ISM re...Read More

Service-sector growth tumbles in December, ISM says

January 05, 2018 / www.marketwatch.com

The numbers: The Institute for Supply Management's nonmanufacturing index sank 1.5 points to 55.9% in December. What happened: ISM's services gauge tracks activity in the economy that's not related to manufacturing. It's decelerated each month since October, when it touched a 12-year high. Any reading over 50% indicates improving conditions. As ISM put it, "the majority of respondents' commen...Read More

UPDATE 2-Chile's IPSA index hits record high, boosted by increased growth

January 05, 2018 / www.kitco.com

(Adds detail about IPSA touching record high, quote from Finance Minister)SANTIAGO, Jan 5 (Reuters) - Chile's IPSA stock index hit a record high on Friday, boosted by a Central Bank report that showed economic activity had posted its largest year-over-year gain in nearly two years. The IMACEC economic activity index, which encompasses about 90 percent of the economy tallied in gross domestic produ...Read More

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