Recent News

Fed's Williams under consideration for No. 2 Fed post -WSJ

January 18, 2018 / www.kitco.com

Jan 18 (Reuters) - San Francisco Federal Reserve Bank President John Williams is under consideration by the White House for the post of Vice Chair of the Fed Board in Washington, under incoming Fed Chair Jerome Powell, the Wall Street Journal reported on Thursday, citing unnamed people familiar with the matter. A San Francisco Fed spokesman declined to comment. The Wall Street Journal said it was...Read More

EMERGING MARKETS-Chilean, Argentine equities hit record highs

January 18, 2018 / www.kitco.com

(Updates prices)SAO PAULO, Jan 18 (Reuters) - Chile's equities market hit a record intraday high on Thursday, boosted by conglomerate Copec and a better outlook for copper prices, while Argentina's stock index also rose amid heavy interest from international investors. On Wednesday, the Chilean government raised its forecast for the average 2018 price for copper , the nation's most important expor...Read More

Home security company ADT Inc's IPO priced at $14/share

January 18, 2018 / www.kitco.com

Jan 18 (Reuters) - ADT Inc, a provider of security monitoring services, said on Thursday that its initial public offering was priced at $14 per share, below the expected range of $17 to $19.The 105 million share offering raised about $1.47 billion, the company said. Even at the lower valuation, the IPO is likely one of the largest in the first part of 2018.The company's stock is expected to debut...Read More

A Tri-Star Top

January 18, 2018 / www.kitco.com

Candlestick patterns create models which are a visual representation of market sentiment as well as a forward forecasting tool. This technical approach looks at past market moves in an attempt to identify patterns that occur with regularity that can be found during various market scenarios. Continuation PatternsIn one of the pattern types identified, there are two basic classes. The first class of...Read More

A Tri-Star Top

January 18, 2018 / www.kitco.com

Candlestick patterns create models which are a visual representation of market sentiment as well as a forward forecasting tool. This technical approach looks at past market moves in an attempt to identify patterns that occur with regularity that can be found during various market scenarios. Continuation PatternsIn one of the pattern types identified, there are two basic classes. The first class of...Read More

Klondex drills 0.4 m of 141.3 g/t AuEq at Hatter Graben

January 18, 2018 / www.stockwatch.com

Mr. Mike Beckstead reportsKLONDEX CONTINUES TO UNLOCK VALUE AT HATTER GRABENKlondex Mines Ltd. has provided the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister mine. Initial results for the first five holes of the drill program were published on Nov. 20, 2017. Hollister is located in northern Nevada in the United States.Hatter Graben sur...Read More

Klondex drills 0.4 m of 141.3 g/t AuEq at Hatter Graben

January 18, 2018 / www.stockwatch.com

Mr. Mike Beckstead reportsKLONDEX CONTINUES TO UNLOCK VALUE AT HATTER GRABENKlondex Mines Ltd. has provided the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister mine. Initial results for the first five holes of the drill program were published on Nov. 20, 2017. Hollister is located in northern Nevada in the United States.Hatter Graben sur...Read More

RPT-UPDATE 1-Indonesia c.bank holds rates, to accelerate reserve rules

January 18, 2018 / www.kitco.com

(This is a repeat of an item issued on Thursday)* Benchmark rate kept at 4.25 pct, its level since Sept* Central bank says to speed change in reserve rules By Nilufar Rizki and Maikel JefriandoJAKARTA, Jan 18 (Reuters) - Indonesia's central bank on Thursday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks...Read More

Consumers will not feel pain from Canada rate hikes - yet

January 18, 2018 / www.kitco.com

By Andrea HopkinsOTTAWA, Jan 18 (Reuters) - It will take longer than expected for Canadian rate hikes to discourage consumer spending or spark deleveraging as most homeowners are sheltered from mortgage renewal risk until 2019 - and cheap loans are still available, economists said on Thursday.The Bank of Canada raised interest rates on Wednesday, taking borrowing costs to their highest level since...Read More

U.S. fund investors pull most cash from 'junk' in 2 months -Lipper

January 18, 2018 / www.kitco.com

NEW YORK, Jan 18 (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.The withdrawals - from mutual funds and exchange-traded funds during the week ended Wednesday - mark the largest of any week since November, accor...Read More

CANADA STOCKS-TSX slips as energy stocks, miners fall

January 18, 2018 / www.kitco.com

(Adds details, updates prices to close)* TSX ends down 42.23 points, or 0.26 percent, at 16,284.47* Half of the TSX's 10 main groups move lower* Energy stocks down 1.4 pct, materials group off 1.2 pct TORONTO, Jan 18 (Reuters) - Canada's main stock index slipped on Thursday, weighed by gold miners and energy stocks including Husky Energy Inc and Barrick Gold Corp , which were both hit by sanctio...Read More

UPDATE 1-IBM's first revenue rises in nearly 6 years tops estimates

January 18, 2018 / www.kitco.com

(Adds details on results, analysts estimates, stock move)Jan 18 (Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters and beat analysts' estimates as the company's shift into its focus areas such as cloud computing and security services gains traction.IBM's shares fell 2.7 percent in extended trading on Thursday. In October, the company had flagged a po...Read More

NZ manufacturing activity grows at slowest rate in 5 years in December -BNZ survey

January 18, 2018 / www.kitco.com

WELLINGTON, Jan 19 (Reuters) - Manufacturing activity in New Zealand grew at its slowest pace in five years in December, a survey showed on Friday.The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) fell to 51.2 from 57.7 the previous month.A reading above 50 indicates an expansion in activity, while anything below that threshold indicates a contracti...Read More

Dow Retreats from Record High Amid Shutdown Fears

January 18, 2018 / www.schaeffersresearch.com

After notching a fresh record high out of the gate today, the Dow reversed course -- and was briefly down triple digits -- amid concerns about a possible government shutdown this weekend. Another big loss for General Electric (GE) stock also weighed on the index, overshadowing a solid day for Walmart (WMT) shares. Nevertheless, the Dow managed to maintain a perch atop the 26,000 level. The S&P and...Read More

RT @BBCWorld: Turkey says it's getting ready to launch a massive assault on Kurdish forces in Syria

January 18, 2018 / bbc.in

Turkey says it is readying an assault on a Kurdish-held town in Syria. Here's all you need to know.Read full newsRead More

Australia shares poised to climb; NZ inches up

January 18, 2018 / www.kitco.com

Jan 19 (Reuters) - Australian shares are likely to edge up on Friday, snapping three straight sessions of losses, with material stocks leading the gains on a jump in base metal prices.Copper climbed on Thursday on a strong performance by China's industrial sector, while Chinese iron ore futures rose as firmer steel prices helped the raw material rebound after a five-day slide, with coke prices als...Read More

GLOBAL MARKETS-Stocks pause after rally; U.S. bond yields hit 10-month high

January 18, 2018 / www.kitco.com

* Treasury yields hit highest in 10 months on China data* Wall Street dips as Boeing stalls* Dollar remains soft (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 18 (Reuters) - A gauge of world stock markets slipped on Thursday, pausing after notching a run of record highs, as a decline in Boeing and interest-rate sensitive sectors such as utilities and real...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 18, 2018 / www.kitco.com

Jan 19 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,014.6-1.20 NZX 50**8,272.67 -25.0DJIA**26,017.81-97.84NIKKEI**23,763.37-104.97Nasdaq**7,296.047-2.232FTSE**7,700.96 -24.47S&P 500** 2,798.03 -4.53 Hang Seng** 32,121.94138.53SPI 200 Fut 5,972.020.0STI** 3,521.31 -20.60SSEC**3,475.9148 31.24 KOSPI** 2,515.81 0.38-----------------------------------------------------...Read More

UPDATE 1-Investors scoop up U.S. inflation-protection bonds

January 18, 2018 / www.kitco.com

(Adds background, analyst quote)By Richard LeongNEW YORK, Jan 18 (Reuters) - Investors on Thursday pounced on $13 billion worth of U.S. bonds that offer them protection from faster wage growth and costlier goods and services as their longer-term inflation outlook rose to their highest in almost a year.Overall bidding for these 10-year Treasury Inflation Protected Securities was the strongest at a...Read More

CANADA STOCKS-TSX ends lower as resource stocks weigh

January 18, 2018 / www.kitco.com

TORONTO, Jan 18 (Reuters) - Canada's main stock index finished lower on Thursday, as energy companies and metals miners weighed.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 42.23 points, or 0.26 percent, at 16,284.47. (Reporting by Alastair Sharp; Editing by Alistair Bell) Disclaimer: The views expressed in this article are those of the author and may not refl...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok