Recent News

Australia's Newcrest Q2 gold output down marginally; maintains 2018 Guidance

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Newcrest Mining Ltd second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter driven by increased production at Cadia, Lihir, Bonikro and Telfer.Newcrest said total gold outputfrom its mines in Australia, Indonesia, Papua New Guinea and Ivory Coast fell to 612,695 ounces in thequarter ended Dec. 30 from 614,715 ouncesa year ago,...Read More

Australia's Evolution Mining December-qtr gold output trimmed by mine sale

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Evolution Mining Ltd said on Tuesday second-quarter gold output fell 14.4 percent following the sale of a mine in September, but expects full-year production to be in the upper range of guidance.Gold production fell to 186,488 ounces in the December quarter from 217,812 ounces a year earlier, in line with the company's forecast of 180,000 to 190,000 ounces, the gold miner said i...Read More

CANADA STOCKS-Toronto shares hit six-week low as resources drag

January 29, 2018 / www.kitco.com

(Updates to close, adds details)Jan 29 (Reuters) - Canada's main stock index fell on Monday, touching a six-week low as energy and other resource shares tumbled alongside commodity prices.* The Toronto Stock Exchange's S&P/TSX composite index ended down 144.5 points, or 0.89 percent, at 16,094.72.* The index hit a session low of 16,090.66, its weakest intra-day level since Dec. 15. All but on...Read More

RT @BatteryPowerMag: How lithium and cobalt are getting a boost from Tesla, Apple batteries

January 29, 2018 / on.mktw.net

The two metals face long-term supply constraints as batteries for smartphones and electric vehicles boom.Read full newsRead More

UPDATE 1-Brazils Minas Gerais state considers IPO of development agency -report

January 29, 2018 / www.kitco.com

(Adds Codemig comments)SAO PAULO, Jan 29 (Reuters) - The development agency owned by Brazilian state of Minas Gerais, known as Codemig, is planning an initial public offering and has invited investment banks to a hiring process, the company said in a statement on Monday. Codemig did not confirm the amount of the offer or when it would take place. Codemig's assets include a niobium mine, among oth...Read More

U.S. banking regulators sign off on foreign bank "living wills"

January 29, 2018 / www.kitco.com

WASHINGTON, Jan 29 (Reuters) - U.S. banking regulators said Monday that "living wills" submitted by 19 foreign banks are largely satisfactory, and are likely to ease expectations for future submissions from those firms.After the 2008 financial crisis, regulators have been demanding so-called living wills to be drawn up by some banks and financial institutions to provide a contingency pla...Read More

Apple, Caterpillar Send Dow Down 177 Points

January 29, 2018 / www.schaeffersresearch.com

U.S. stocks ended the day lower, retreating from last Friday's record highs. The Dow closed near its intraday low, as Apple (AAPL) slid on reports the tech giant had halved its iPhone X production target, and Caterpillar (CAT) sank after analysts expressed concern over margins and slow progress in North America Free Trade Agreement (NAFTA) negotiations. The Nasdaq and S&P ended the day lower, as w...Read More

There's Still No SPY "Alternative" for Options Traders

January 29, 2018 / www.schaeffersresearch.com

The following is a reprint of the market commentary from the February 2018 edition of The Option Advisor, published on January 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.It was not quite a year ago in this space when we discussed the groundswell of inflows into the iShares Core S&P 500 ETF (IVV), an exch...Read More

GLOBAL MARKETS-Stocks slip as Treasury yields hit three-year highs

January 29, 2018 / www.kitco.com

(Adds U.S. market close)* U.S. Treasury yields rise above 2.70 percent* German 5-year bond turns positive, first time since 2015* Dollar set for biggest monthly fall in nearly two years* Oil dips but set for biggest January rise in five years By Herbert LashNEW YORK, Jan 29 (Reuters) - Global equity markets slid on Monday and U.S. Treasury yields rose to more than three-year highs after remarks...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,075.40 25.40 NZX 50**8,327.59 -0.20DJIA**26,439.48-177.23 NIKKEI**23,629.34-2.54Nasdaq**7,466.505-39.267 FTSE**7,671.53 5.99S&P 500** 2,853.53 -19.34Hang Seng** 32,966.89-187.23SPI 200 Fut 5,983.0-27.0 STI** 3,577.07 9.93SSEC**3,523.5009 -34.63KOSPI** 2,598.19 23.43-------------------------------------------------...Read More

UPDATE 1-Colombia central bank cuts interest rate, surprises market

January 29, 2018 / www.kitco.com

(Adds central bank board chief, finance minister comments, context)BOGOTA, Jan 29 (Reuters) - Colombia's central bank unexpectedly lowered the lending rate on Monday, the last cut in its current cycle, as policymakers try to boost a still-sluggish economy even as inflation remains above target.The seven-member board voted four-to-three to reduce the lending rate by 25 basis points to 4.50 percent...Read More

CANADA STOCKS-Toronto index hits six-week low as resources fall

January 29, 2018 / www.kitco.com

Jan 29 (Reuters) - Canada's main stock index slumped on Monday, touching a six-week low as energy and other resource shares tumbled alongside commodity prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 144.5 points, or 0.89 percent, at 16,094.72. (Reporting by Leah Schnurr; Editing by James Dalgleish) Disclaimer: The views expressed in this article are those...Read More

Australia shares to track U.S. stocks lower; NZ flat

January 29, 2018 / www.kitco.com

Jan 30 (Reuters) - Australian shares are set to slide on Tuesday, taking their cue from a lower finish on Wall Street, while a fall in commodities prices could lead to a weakness in materials stocks.The three main U.S. indexes retreated sharply on Monday from record levels last week, with the Dow falling more than 100 points, weighed down by Apple after a media report added to concerns about deman...Read More

US STOCKS SNAPSHOT-Wall St slides as Apple weighs

January 29, 2018 / www.kitco.com

NEW YORK, Jan 29 (Reuters) - Wall Street pulled back from record highs on Monday with the S&P 500 marking its biggest one-day percentage decline in about five months, weighed down by a slide in Apple shares.The Dow Jones Industrial Average fell 177.23 points, or 0.67 percent, to 26,439.48, the S&P 500 lost 19.34 points, or 0.67 percent, to 2,853.53 and the Nasdaq Composite dropped 39.27 po...Read More

S.Korea February manfacturers' business sentiment slips versus January

January 29, 2018 / www.kitco.com

SEOUL, Jan 30 (Reuters) - South Korean manufacturers' business confidence edged down for February, a central bank survey showed on Tuesday, as companiesgrew more pessimistic because of local economic uncertainties and appreciation of the won.The Bank of Korea's manufacturing business survey index (BSI) for February came in at 80 on a seasonally adjusted basis, nudging down from 83 in January. A re...Read More

Sopheon tops London risers as it raises 2017 guidance?EUR<

January 29, 2018 / www.proactiveinvestors.co.uk

Innovation management services provider, Sopheon PLC (LON:SPE) expects 2017 sales and profits will be well ahead of market expectations when the numbers are totted up.The board expects that reported revenues for 2017 will exceed US$28mln, up from US$23mln in 2016.Overall revenue visibility for 2018 stands at US$18mln, compared to US$13m at this time last year.Earnings before interest, tax, depreci...Read More

FOREX-Dollar up but set for big monthly drop; euro falls

January 29, 2018 / www.kitco.com

* Dollar rises but set to decline 3 pct for the month* Euro, pound down* Eyes on Fed meeting, jobs report later in week (New throughout, updates prices, market activity and comments)By Stephanie KellyNEW YORK, Jan 29 (Reuters) - The dollar rose on Monday against a basket of currencies as U.S. bond yields climbed and traders waited for a Federal Reserve meeting and a U.S. jobs report later in the w...Read More

CORRECTED-A lawsuit a day: U.S. securities class actions soar

January 29, 2018 / www.kitco.com

(Corrects fifth paragraph to show an increase in the number of settlements overall, not just those that did not involve challenges to mergers)By Jonathan StempelJan 29 (Reuters) - The number of class action lawsuits in the United States accusing companies of fraud and other securities law violations soared in 2017, topping one a day even as the value of settlements plunged, a study released on Mo...Read More

A strong global economy and dwindling supply pushing zinc price higher

January 29, 2018 / www.proactiveinvestors.co.uk

Mining Capital's Alastair Ford says zinc, the metal used to make steel, is soaring in price due to the global economy marching forward and a strong demand for all sorts of metals.Ford says because zinc supplies have dwindled, the prices have increased to the highest level in more than 10 years. Ford says he imagines the price of zinc will increase even higher, but he doesn't believe prices wi...Read More

U.S. Rejects Proposals To Unblock NAFTA, But Will Stay In Talks

January 29, 2018 / www.kitco.com

David Lawder, Anthony EspositoMONTREAL (Reuters) - U.S. President Donald Trump’s trade chief on Monday dismissed Canadian proposals for unblocking NAFTA modernization talks but pledged to stay at the table, easing concerns about a potentially imminent U.S. withdrawal from the trilateral pact.Trump, who described the 1994 pact as a disaster that has drained manufacturing jobs to Mexico, has f...Read More

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