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Dow Futures Signal New Highs After Payrolls Report

January 05, 2018 / www.schaeffersresearch.com

Jobs data will be in focus today, after the Labor Department said the U.S. economy added 148,000 jobs in December. Although this marked the slowest pace of job growth in three months -- and missed the consensus forecast for 198,000 new jobs -- stock futures are holding onto early gains, as wages increased slightlyand the unemployment rate held at 4.1%. Another positive session would have the Dow J...Read More

US STOCKS-Futures hold gains after 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 percent* Cisco rises after upgrade* Futures up: Dow 88 pts, S&P 9.25 pts, Nasdaq 31.25 pts (Adds details on jobs data, comment, updates share prices)By Sruthi ShankarJan 5 (Reuters) - Wall Street was set to open higher on Friday as investors looked beyond weaker-than-expected U.S. job additions in Decembe...Read More

U.S. TIPS breakeven rates pare fall tied to mixed payrolls data

January 05, 2018 / www.kitco.com

NEW YORK, Jan 5 (Reuters) - The U.S. bond market's gauges of inflation expectations turned flat on Friday, trimming a modest drop linked to a December payrolls report that showed a smaller-than-forecast rise in hiring and in-line growth in average hourly earnings.At 9:11 a.m. (1411 GMT), the 10-year inflation breakeven rate, or the yield gap between 10-year Treasury Inflation Protected Securities...Read More

Barclays names Kunal Gandhi as head of corporate broking

January 05, 2018 / www.kitco.com

LONDON, Jan 5 (Reuters) - Barclays has appointed Kunal Gandhi as head of corporate broking and Rob Mayhew as his deputy, according to an internal memo seen by Reuters on Friday.Gandhi helped build Barclays' corporate broking business by advising clients including insurer Legal & General and the London Stock Exchange , the memo said.Corporate broking is a banking business common in Britain but...Read More

GLOBAL MARKETS-Dollar, stocks trim gains after U.S. job growth slows

January 05, 2018 / www.kitco.com

LONDON, Jan 5 (Reuters) - U.S. stock futures and the dollar trimmed gains on Friday after U.S. job growth slowed more than expected in December, although a pick-up in wage gains suggested further labour market strength that could pave the way for interest rate rises.The dollar index - the dollar measured against six other top world currencies - was flat after trading marginally higher before the j...Read More

GRAPHIC-Slow speed ahead for UK economy as Brexit nears

January 05, 2018 / www.kitco.com

By Andy BruceLONDON, Jan 5 (Reuters) - Britain's economy looks set for a subdued run-up to Brexit, according to a range of indicators that paint a mixed picture at the start of the country's last full year in the European Union.Forecasters generally think the world's sixth-largest economy will continue to expand at a slow but steady pace during 2018, a better prospect than the gloomy predictions m...Read More

Thousands of German industrial workers to stage strikes next week

January 05, 2018 / www.kitco.com

FRANKFURT, Jan 5 (Reuters) - Tens of thousands of workers in the German metals and engineering industries will stage walkouts at companies across the country from next week as part of a campaign for higher pay, powerful union IG Metall said.The country's biggest union is demanding a 6 percent wage rise this year for about 3.9 million workers in the sector."We will build pressure with our firs...Read More

Hedge funds have British motor dealer vulnerability in their sights

January 05, 2018 / www.kitco.com

By Alasdair PalLONDON, Jan 5 (Reuters) - Hedge funds are circling British car dealers, betting on their increasing vulnerability as a five-year sales boom hits the skids in the face of waning consumer confidence and an accompanying drop in resale values.UK new car sales registered the biggest annual drop since 2009 last year, data showed on Friday, with the Society of Motor Manufacturers and Trade...Read More

UPDATE 1-Canada trade deficit swells in November on surge of imports

January 05, 2018 / www.kitco.com

(Adds details of release, background)OTTAWA, Jan 5 (Reuters) - Canada's trade deficit grew to C$2.54 billion ($2.03 billion) in November from C$1.55 billion in October as imports posted their biggest surge in more than eight years and far outpaced the growth of exports, Statistics Canada said on Friday.The deficit far exceeded the C$1.20 billion shortfall estimated by analysts in a Reuters poll.E...Read More

Gold Gets Modest Lift From Downbeat U.S. Jobs Report

January 05, 2018 / www.kitco.com

(Kitco News) - Gold prices are slightly higher in early U.S. trading Friday, and erased moderateovernight losses in the wake of a U.S. jobs report that was weaker thanexpected.February Comex gold was last up $1.20 an ounce at $1,322.80. March Comex silver was last up $0.021 at $17.295 an ounce.Fridaymorning's December U.S. employment report from the Labor Department showed anon-farm payrolls rise...Read More

UPDATE 1-Canada Dec job market soars, unemployment rate hits 41-year low

January 05, 2018 / www.kitco.com

(Adds details of release, background)OTTAWA, Jan 5 (Reuters) - The Canadian economy added almost 80,000 jobs for the second month in a row in December on a surge in part-time employment, and the jobless rate dipped to a 41-year low of 5.7 percent, Statistics Canada said on Friday.The gain of 78,600 positions far exceeded the expectations of analysts, who in a Reuters poll had forecast a modest ga...Read More

Gold Prices Push Into Positive Territory Following Disappointing Nonfarm Payrolls Data

January 05, 2018 / www.kitco.com

(Kitco News)- The gold market has pushed higher following a drop in momentum in the labor market in the final month of 2017.Friday, The Bureau of Labor Statistics said 148,000 jobs were created in December. Economists were expecting to seejob gains of 190,000.At the same time, the unemployment rate held steady at 4.1%, which was in line with expectations.Not only was the headline data disappointin...Read More

US STOCKS SNAPSHOT-Futures trim gains after December jobs data

January 05, 2018 / www.kitco.com

Jan 5 (Reuters) - U.S. stock futures trimmed gains on Friday after December payrolls data showed that U.S. job growth slowed more than expected amid a decline in retail employment. At 8:30 a.m. ET, Dow e-minis were up 76 points, or 0.3 percent, with 18,620 contracts changing hands. S&P 500 e-minis were up 7 points, or 0.26 percent, with 114,397 contracts traded. Nasdaq 100 e-minis were up 25.5...Read More

Gold Prices Push Into Positive Territory Following Disappointing Nonfarm Payrolls Data

January 05, 2018 / www.kitco.com

(Kitco News) - The gold market has pushed higher following a drop in momentum in the labor market in the final month of 2017.Friday, The Bureau of Labor Statistics said 148,000 jobs were created in December. Economists were expecting to see job gains of 190,000.At the same time, the unemployment rate held steady at 4.1%, which was in line with expectations.Not only was the headline data disappoint...Read More

FOREX-Dollar cuts gains vs yen, slips vs euro after U.S. jobs report

January 05, 2018 / www.kitco.com

NEW YORK, Jan 5 (Reuters) - The dollar trimmed gains against the yen and turned negative versus the euro on Friday after data showed the U.S. economy created fewer jobs than expected in December.U.S. nonfarm payrolls increased by just 148,000 jobs last month, the Labor Department said on Friday. Economists were forecasting a jobs gain of 190,000. Employment data for October and November data were...Read More

Traders keep bets on two Fed rate hikes after jobs report

January 05, 2018 / www.kitco.com

Jan 5 (Reuters) - U.S. short-term interest-rate futures rose slightly on Friday after a U.S. government report showed U.S. employers added fewer jobs than expected last month, but traders overall stuck to their conviction the Federal Reserve will raise rates two times this year. Traders continued to heavily price in a March rate hike, giving it about a 76 percent chance based on a Reuters analysis...Read More

Colorado samples over five g/t Au in 34 samples at K-C

January 05, 2018 / www.stockwatch.com

Mr. Adam Travis reportsCOLORADO ANNOUNCES RESULTS OF THE 2017 FIELD PROGRAM ON THE KINASKAN-CASTLE PROPERTY Colorado Resources Ltd. has provided the results of its fall 2017 rock, soil and geophysical programs completed at the Castle target on its 100-per-cent-owned 17,839-hectare Kinaskan-Castle (K-C) property. The Castle portion of the property was acquired by Colorado in February, 2017 (see new...Read More

Colorado samples over five g/t Au in 34 samples at K-C

January 05, 2018 / www.stockwatch.com

Mr. Adam Travis reportsCOLORADO ANNOUNCES RESULTS OF THE 2017 FIELD PROGRAM ON THE KINASKAN-CASTLE PROPERTY Colorado Resources Ltd. has provided the results of its fall 2017 rock, soil and geophysical programs completed at the Castle target on its 100-per-cent-owned 17,839-hectare Kinaskan-Castle (K-C) property. The Castle portion of the property was acquired by Colorado in February, 2017 (see new...Read More

MKS: Gold Draws Buying On Price Dips; Caution On Sky-High Palladium

January 05, 2018 / www.kitco.com

Gold has been underpinned by buying that has occurred onpullbacks, while some caution may in order on palladium as this metal remainsat historically high prices, says Alex Thorndike, senior precious-metals dealerwith MKS (Switzerland) S.A.  ComexFebruary gold topped $1,300 on the final day of 2017 and hasremained above this so far in 2018. “The support for the gold continues to eme...Read More

Brazil new car sales rise 9.2 pct in 2017 to 2.24 mln units

January 05, 2018 / www.kitco.com

SAO PAULO, Jan 5 (Reuters) - Auto production in Brazil tumbled 14.2 percent in December from the previous month, though new car sales rose 4.1 percent in monthly terms, industry group Anfavea said on Friday, as Brazil's automaking recovery proved volatile.Auto production rose 6.9 percent in December from the same month the year before. Production in 2017 overall jumped 25.2 percent from the previo...Read More

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