Recent News

Asia Morning Call-Global Markets

January 08, 2018 / www.kitco.com

Jan 9 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,130.40 8.10NZX 50**8,425.48 -30.07DJIA25,289.66-5.42 NIKKEI**23,714.53208.20Nasdaq7,152.21115.625FTSE**7,696.51 -27.71S&P 500 2,745.46 2.30Hang Seng** 30,899.5384.89SPI 200 Fut 6,085.05.0 STI** 3,512.18 22.73SSEC**3,410.00 18.25 KOSPI** 2,513.28 15.76-----------------------------------------------------------------...Read More

BATM bags $4M cyber security contract

January 08, 2018 / www.proactiveinvestors.co.uk

Zvi Moram, CEO at BATM Advanced Communications Limited (LON:BVC) tells Proactive about the large-scale cyber security monitoring/encryption technology that has just seen BATM awarded a significant new contract. BATM will now supply cyber security technology solutions to a governmental defence department....with further possible orders coming from the same source.BATM said this is the fourth such c...Read More

PRECIOUS-Gold dips further from 3-1/2-month peak as dollar fights back

January 08, 2018 / www.kitco.com

* Euro takes a breather after run higher* Speculators raise COMEX gold net longs* GRAPHIC-2018 asset returns: (Updates prices; adds analysts comments, NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Jan 8 (Reuters) - Gold edged lower on Monday, retreating further from last week's 3-1/2-month high as the U.S. dollar regained some ground against the buoyant euro and traders bet o...Read More

Weight Watchers Option Bulls Hope for President Oprah

January 08, 2018 / www.schaeffersresearch.com

Weight Watchers International, Inc. (NYSE:WTW) stock is among the best of the S&P 500 Index (SPX) today, after Oprah Winfrey -- a major WTW stakeholder -- fueled speculation about a serious presidential bid in 2020. Against this backdrop, WTW shares were last seen 13.3% higher at $53.14, on pace for their best day since an early November post-earnings bull gap. What's more, Weight Watchers options...Read More

Gold and Silver 2018 Outlook - The Fundamental Technician

January 08, 2018 / www.kitco.com

Editor's Note: Colin Cieszynski, chief market strategist at The Fundamental Technician, provided exclusive commentary for Kitco News' 2018 Outlook Series.Finding a place for metals among new currency options(Kitco News)- Historically, gold has helda special place in the currency world; as a store of value whose level ofsupply is outside of the control of the world's central banks. As the world'spr...Read More

Solo Oil chief hails Aminex progress in Tanzania

January 08, 2018 / www.proactiveinvestors.co.uk

Solo Oil PLC (LON:SOLO) Executive Chairman Neil Ritson describes himself himself as ' really happy' with forward progress for the group's 25% owned Ntorya gas project, onshore Tanzania.Aminex, project operator and 75% owner of Ntorya, this morning told investors that it is "actively engaged" with the Tanzanian authorities and with third-party engineering firms, in the advanced stages of planning f...Read More

Gold, Silver Prices Pressured By Profit-Taking, Firmer U.S. Dollar

January 08, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Someprofit-taking and chart consolidation were featured in both metals, afterrecent good gains. A higherU.S. dollar index on this day also worked againstthe precious metals market bulls. February Comex gold was last down $2.30 anounce at $1,320.10. March Comex silver was last down $0.135 at $17.15 an oun...Read More

Gold, Silver Prices Pressured By Profit-Taking, Firmer U.S. Dollar

January 08, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Some profit-taking and chart consolidation were featured in both metals, after recent good gains. A higherU.S. dollar index on this day also worked against the precious metals market bulls. February Comex gold was last down $2.30 an ounce at $1,320.10. March Comex silver was last down $0.135 at $17.15 an...Read More

Breaking Down Stocks' Best Start to a Year in Decades

January 08, 2018 / www.schaeffersresearch.com

U.S. stocks enjoyed their best start to a calendar year in over a decade last week, as traders enjoyed a belated Santa Claus rally. But what could that mean for the rest of the year? Below, we break down the stats for the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC), and what huge gains in Week 1 have meant historically.Dow's Best Start to the Year Since 200...Read More

Fiat Chrysler boosted by Jeep growth expectations

January 08, 2018 / www.kitco.com

* Jeep a key pillar of CEO's strategy* Investor optimism boosted by Morgan Stanley report* Shares hit record high By Agnieszka Flak MILAN, Jan 8 (Reuters) - Fiat Chrysler (FCA) shares hit a record high on Monday on growing expectations that the carmaker's coveted Jeep brand will unlock even greater value this year.The stock jumped more than 20 percent last week on a bullish outlook for the auto s...Read More

US STOCKS-Wall St struggles to gain further as healthcare, bank stocks weigh

January 08, 2018 / www.kitco.com

* Caterpillar at record high after brokerage upgrade* Nasdaq biotech index on track for its worst day since Oct. 26* GoPro plunges to new lows after Q4 sales warning* Dow down 0.13 pct, S&P flat, Nasdaq up 0.17 pct (Updates to early afternoon)By Sruthi ShankarJan 8 (Reuters) - The S&P 500 and the Dow struggled to edge higher on Monday, stalling the strong rally that marked the start of 201...Read More

UPDATE 2-Spanish property developer Metrovacesa plans stock market listing

January 08, 2018 / www.kitco.com

(Adds hopes to list in early February in paragraph 5)MADRID, Jan 8 (Reuters) - Spanish residential developer Metrovacesa, which was taken over by creditors during the country's property crash, said it plans to list on the stock market, highlighting renewed investor faith in Spanish real estate.Residential construction in Spain is now thriving with foreign investment pouring into developments in c...Read More

Volatility Will Pick Up And Gold Is A Good Diversifier - Axel Merk

January 08, 2018 / www.kitco.com

(Kitco News)- Globaluncertainty resulting from the U.S. tax reform and new European financialmarket regulations will continue to support gold prices as financial market liquidity dries upand volatility rises, according to one fund manager.Axel Merk,president and chief investment officer at Merk Investments, said that somebanks are still trying to grasp the full implications of all the new changes...Read More

Average yields on Egypt's 3- and 7-year T-bonds rise at auction

January 08, 2018 / www.kitco.com

CAIRO, Jan 8 (Reuters) - Average yields on Egypt's three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed.The average yield on three-year bonds was 15.897 percent, compared with 15.542 percent at the last auction on Dec. 25. The average seven-year bond yield rose to 15.785 percent, from 15.554 percent.Egypt has raised its key interest rates by 700 basis poi...Read More

EMERGING MARKETS-Brazil stocks hold near all-time highs as optimism lingers

January 08, 2018 / www.kitco.com

By Bruno FederowskiSAO PAULO, Jan 8 (Reuters) - Brazilian stocks held near all-time highs on Monday, underpinned by optimism over the nation's fiscal outlook.The benchmark Bovespa stock index was nearly flat following a seven-day string of gains. Blue chips, such as miner Vale SA and state-controlled oil company Petr??leo Brasileiro SA , led the gains.The rally in Brazilian stocks has been support...Read More

UPDATE 1-Nigeria's Union Bank raises $163 mln via share sale to boost buffers

January 08, 2018 / www.kitco.com

(Adds details, quote, share price)LAGOS, Jan 8 (Reuters) - Nigeria's Union Bank has raised 49.7 billion naira ($163 mln)through a rights issued which it said was 120 percent subscribed.The mid-sized lender launched the share sale last September at a ratio of five new shares for every seven held at 4.10 naira each.Union Bank, set up 100-years ago, had said it planned to spend 80 percent of the fun...Read More

UPDATE 1-Investors poured $235 bln into emerging stocks, bonds in 2017-IIF

January 08, 2018 / www.kitco.com

(Adds detail, quotes, background)By Marc JonesLONDON, Jan 8 (Reuters) - Foreign investors poured $235 billion into emerging markets as they rallied strongly last year, allowing developing countries to add more than $130 billion to their hard-currency reserves, the Institute of International Finance said on Monday.The $235 billion "portfolio flow" figure was the best in three years and r...Read More

Gold recovers early lost ground, back around $1320 level

January 08, 2018 / www.fxstreet.com

   •  Retracing US bond yields lending some support.   •  Reviving safe-haven demand provides an additional boost.   •  Resurgent USD seemed to cap gains ahead of Fedspeaks. Gold recovered majority of its early losses to $1315 support area and is now headed towards the top end of its daily trading range. Currently placed around the $1319-...Read More

GrubHub Stock Could Reward Options Bulls

January 08, 2018 / www.schaeffersresearch.com

GrubHub Inc (NYSE:GRUB) stock has received a flurry of analyst attention today. While Wedbush downgraded the online restaurant delivery concern to "neutral" from "outperform,"the brokerage firm also upped its price target by $5 to $70. Two other firms chimed in with price-target hikes as well, including Jefferies (to $73) and Wells Fargo (to $68). It appears the hikeswere not enough to offset the...Read More

Sterling hits 3-week high vs euro after cabinet reshuffle

January 08, 2018 / www.kitco.com

* Graphic: sterling and gilt yields * Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote By Jemima KellyLONDON, Jan 8 (Reuters) - Sterling climbed to a three-week high against a broadly weaker euro on Monday, after a cabinet reshuffle alleviated a little of the political uncertainty that has pressured the UK currency in recent months.Prime Minister Theresa May nam...Read More

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