Recent News

Tokyo's Nikkei share average falls 2.29 pct

March 01, 2018 / www.kitco.com

TOKYO,March 2 (Reuters) - Japan's benchmark Nikkei average fell 2.29 percent to 21,226.99 on Friday, while the broader Topix shed 1.81 percent to 1,708.77. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/XPCT Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of...Read More

POLL-Euro zone economic growth momentum has peaked, say economists

March 01, 2018 / www.kitco.com

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP 2018 GDP growth poll data* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUCPIAP 2018 inflation poll data* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBR%3DECI ECB refinancing rate poll dataBy Rahul KarunakarBENGALURU, MARCH 2 (Reuters) - Euro zone economic momentumh...Read More

Tokyo's Nikkei share average opens down 1.77 pct

March 01, 2018 / www.kitco.com

TOKYO,March 2 (Reuters) - Japan's benchmark Nikkei average opened down 1.77 percent at 21,339.98 on Friday, while the broader Topix shed 1.65 percent to 1,711.46. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accur...Read More

DIARY-Government Debt Auctions to March 30

March 01, 2018 / www.kitco.com

March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 5-MarFranceAuction of BTF Treasury notes 5-MarNetherlands DTC auction 5-MarNorwayAuction of Treasury bills 6-MarSpain Auction of 6- and 12-month Treasury bills 6-MarUnited Kin...Read More

DIARY-Emerging Markets Economic Events to April 30

March 01, 2018 / www.kitco.com

March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------FRIDAY, MARCH 2 ** MANILA - Stefano...Read More

DIARY-Top Economic Events to April 26

March 01, 2018 / www.kitco.com

March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------FRIDAY, MARCH 2** HAMBURG, Germany...Read More

BUZZ-Australia's Central Petroleum climbs to over 8-mth high

March 01, 2018 / www.kitco.com

** Oil and gas explorer Central Petroleum Ltd risesas much as 33.3 pct to A$0.140, its highest since June 23, 2017** Australian Competition and Consumer Commission releases adraft decision proposing to authorise joint gas marketingarrangements between Central Petroleum Ltd and MacquarieMereenie, owned by Australian based provider of financialservices Macquarie Group Ltd** Says it granted interim a...Read More

BUZZ-USD/AXJ-Rally halts as Trump throws a spanner in the works

March 01, 2018 / www.kitco.com

* USD/AXJ rally cut short in NYK on Trump's imposition of tariffs * Caught between confident Fed and trade war fears* Reaction of China and Asia awaited; EU promises firm response * USD downside limited as AXJ -ves surface, risk aversion rises * USD/CNY locked in 6.28-6.36 range, watch PBOC yuan mid-point * USD/MYR capped by 3.9285-3.9300, break extends to 3.9420; support at3.9000 Disclaimer: Th...Read More

BUZZ-JPN ECON-February Tokyo core CPI +0.9% y/y, +0.8% eyed

March 01, 2018 / www.kitco.com

* Tokyo February core CPI slightly higher than expected.* Overall CPI in February +1.4% y/y too, BoJ making progress towards target?* CPI excluding fresh food/energy +0.5% y/y still however.* If the BoJ focuses on the overall level, indeed progress being made.* Rise in prices good but with no complimentary rise in wages walletstighter. Disclaimer: The views expressed in this article are those of...Read More

U.S. holds 'frank' talks on trade with Chinese envoy -White House official

March 01, 2018 / www.kitco.com

WASHINGTON, March 1 (Reuters) - U.S. President DonaldTrump's top economic aides held "frank and constructive" talkswith Chinese President Xi Jinping's top economic adviser, LiuHe, on trade and economic relations on Thursday, a White Houseofficial said."We underscored the importance of achieving balance andreciprocity in the economic relationship," the official said ofthe meetin...Read More

BUZZ-Australia's Syrah Resources falls; flags machinery glitch at Balama ops

March 01, 2018 / www.kitco.com

** Syrah Resources Ltd falls as much as 5.7 pct toA$3.17, its lowest since Feb 13** Graphite products supplier flags damage to certainmachinery at its Balama operations in Mozambique ** Expects to produce about 65 pct of volume planned forramp up during estimated 8 weeks needed for repair** Stock posts biggest intraday pct fall since Feb 9, amongtop pct losers on the Australian main index ** Up to...Read More

BUZZ-JPN ECON-Jan unemployment 2.4%, jobs/applicants 1.59

March 01, 2018 / www.kitco.com

* Unemployment at 2.4% lowest since April 1993, 2.7% eyed.* Jobs/applicants ratio at 1.59 same as December, 1.60 eyed.* Japanese labor even tighter than before, falling/ageing population factor.* Japan still refuses to take in large numbers of immigrants.* That said, non-Japanese population increasing, fact felt in large cities. Disclaimer: The views expressed in this article are those of the au...Read More

UPDATE 4-Trump's steel shock drives wedge into sluggish NAFTA talks

March 01, 2018 / www.kitco.com

(Updates with comment from chief Canadian negotiator) By David Ljunggren and Dave Graham MEXICO CITY, March 1 (Reuters) - Negotiators trying torework the NAFTA trade deal on Thursday were hit by the prospectof conflict over U.S. steel tariffs that could complicatecarmaking in North America, one of the most sensitive issues atthe talks. U.S. President Donald Trump said he would impose the tariffsbe...Read More

BUZZ-USD/SGD in flux as US tariffs cue start of trade war

March 01, 2018 / www.kitco.com

* USD/SGD back in technical no man's land on conflicting fators* Rally overturned, avoids Bollinger uptrend channel at 1.3260* Intraday support at 1.3151 entrance of downtrend channel* US tariffs trigger stock selloff, risk aversion in Asia expected* But US yields also fell as a result, dampening USD gains* Response from China to Trump's tariffs awaited <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-USD/JPY-Trades heavy with risk, but neutral signals

March 01, 2018 / www.kitco.com

* Softer early - closed -0.4% - risk off on trade friction & lower USTyields* Tokyo CPI, poll 0.8% & unemployment, poll 2.7% lead data - focus on Nikkei* Horizontal Tenkan & Kijun lines do not suggest a trending move* 2 days of losses, with risk broadly offered weigh - primary trend is lower* Close below 106.10, 76.4% Feb bounce would target 105.54 Feb low* 105.31, 76.4% 2016 rise majo...Read More

BUZZ-Australia's Bluescope Steel hits over 8-yr high on robust commodity prices

March 01, 2018 / www.kitco.com

** Australia Bluescope Steel rises as much as 3.8percent to A$16.79, its highest level since Jan. 2010** Steel futures rose for a fifth straight day on Thursdayon tighter supply expectations from China ** On Monday, the steel maker posted a 23 pct jump infirst-half profit and said it would extend its buyback program ** Stock among top gainers on the Aussie main board (Reuters Messaging:rushil.dutt...Read More

Japan Jan jobless rate drops to 2.4 pct

March 01, 2018 / www.kitco.com

TOKYO, March 2 (Reuters) - Japan's jobless rate dropped to alower-than-expected 2.4 percent in January and the availabilityof jobs stayed at a 44-year high, government data showed onFriday.The seasonally adjusted unemployment rate fell from 2.8percent in December, data from the Internal Affairs ministryshowed. Economists' median forecast was for the jobless rate tofall to 2.7 percent.The jobs-to-a...Read More

BUZZ-USD/KRW may re-open near flat but risk aversion rife

March 01, 2018 / www.kitco.com

* USD/KRW likely re-opens near flat vs prev close 1082.8* Consolidation within Ichimoku Cloud 1070.8-1090.4 may persist* Risk aversion theme could resolve with stronger USD/KRW* Trade tariffs by Trump sink stocks, but US yields drop too* Announcement of tariffs on metals may cue trade war * Fed chair Powell says US economy not overheating <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

Gold Stages An Impressive Recovery, Will It Last?

March 01, 2018 / www.kitco.com

Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More

Gold Stages An Impressive Recovery, Will It Last?

March 01, 2018 / www.kitco.com

Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More

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