* Wall Street's "fear gauge" at all-time lows* Active Fed supporting yields, dollarBy Jamie McGeeverLONDON, May 9 (Reuters) - European stocks and bond yields rose on Tuesday, boosted by historically low stock market volatility, continuing relief from this weekend's French presidential election and solid corporate earnings.Europe's index of leading 300 shares .FTEU3 was up 0.4 percent at 1,552 poin...Read More
LONDON, May 9 (Reuters) - A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session's slight losses, although shares in Micro Focus MCRO.L dropped.The pan-European STOXX 600 .STOXX index was up 0.3 percent, holding at 21-month highs, while France's CAC 40 index .FCHI gained 0.4 percent, recouping some of its losse...Read More
Investing.com - Gold prices inched down in European trade on Tuesday, holding near the prior session's seven-week low amid fading demand for safe-haven assets.Comex gold futures slipped around $1.00, or about 0.1%, to $1,226.50 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was little changed at $1,225.90.The yellow metal hit its lowest since March 16 at $1,221.00 on Monday as safe-hav...Read More
* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie hits 4-month low on weak data, soft commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economi...Read More
* Euro supported as solid data points to possible ECB tapering* Euro near 7-month high vs Swiss franc* Dollar/yen near highest since mid-March* Aussie listless due to weakness in commoditiesBy Hideyuki SanoTOKYO, May 9 (Reuters) - The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economic condit...Read More
* VIX ends at lowest since December 1993* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates to U.S. market close)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed on Monday and the euro fell from a six-month high hit after pro-EU centrist Emmanuel Macron's victory in France's presidential election, as trad...Read More
* Euro hits six-month peak against dollar before falling* Copper drops to four-month low as Chinese imports slide (Updates prices, comment)By Rodrigo CamposNEW YORK, May 8 (Reuters) - Stocks were little changed and the euro fell on Monday from highs it touched after pro-EU centrist Emmanuel Macron's emphatic and expected victory in France's presidential election as investors cashed in recent gains...Read More
In February copper hit a 21-month high on the back of optimism that Donald Trump's $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.Any US stimulus now appears further in the distance and over the weekend it also became apparent that Chinese support for the sector is waning as imports of the metal, wide...Read More
Argentine authorities, industry players and unions are expected to sign this week a long awaited federal mining agreement that unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector.The nation, once a favourite of mining investors, has fallen behind its neighbours Chile and Peru despite containing rich deposits of copper, gold, silver a...Read More
Barrick Gold (TSX, NYSE:ABX) could have prevented the third spill of cyanide solution in 18 months at its Veladero mine in Argentina had it replaced pipes as ordered by local authorities earlier, a judge said.According to El Economista (in Spanish), the Canadian gold miner missed deadlines on three orders from San Juan province authorities, where Veladero is located, including replacing the pip...Read More
* European shares dip with Macron win priced in* Asia shares rise, world stocks hit record, Wall St seen lower* Focus seen shifting to economic fundamentals and ECB tapering* Euro hits six month peak vs dollar before retreating* Copper drops to four-month low as China imports slide* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, May 8 (Reuters) - European stocks...Read More
Investing.com - Gold prices edged up a bit in European trade on Monday, but held near a seven-week low after pro-European Union centrist Emmanuel Macron beat anti-EU, anti-immigration far-rightist Marine Le Pen to clinch the French presidency.Comex gold futures tacked on around $4.00, or about 0.3%, to $1,230.70 a troy ounce by 3:10AM ET (07:10GMT). It fell to an overnight low of $1,221.0, a level...Read More
(Adds company news, futures)May 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 30 points at 7,327 on Monday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* LLOYDS: British bank Lloyds LLOY.L plans to hand the reins to its finance director if the bank's chief executive quits for another job, The Times reported on Monday. CENTRIC...Read More
May 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 30 points at 7,327 on Monday, according to financial bookmakers.* LLOYDS: British bank Lloyds LLOY.L plans to hand the reins to its finance director if the bank's chief executive quits for another job, The Times reported on Monday. OIL: Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following posi...Read More
A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.Under a labour agreement reached Friday, workers in the 1,485-member union will receive no pay increase but each worker will get a one-time bonus of 11 million pesos (US$16,400), along with an interest free loan, Reuters report...Read More
Investing.com - Gold prices retraced gains on Friday after data showing a strong rebound in U.S. jobs growth last month underlined expectations for a June rate hike by the Federal Reserve.Gold for June delivery settled at $1,229.01 on the Comex division of the New York Mercantile Exchange, off an earlier high of $1,236.00.The precious metal ended the week down 3.26%, the largest week decline since...Read More
(Updates prices, changes comment)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro highest since Nov ahead of French election* U.S. non-farm payrolls beat expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level since November on Friday on the likelih...Read More
Australia's Tribeca Investment Partners became Friday the second shareholder in world's largest miner BHP Billiton (ASX: BHP) (LON:BLT) to publicly press for strategic changes at the company.Tribeca, a Sydney-based boutique hedge fund, has sent the miner an eight-page letter titled "Making BHP Great Again," in which it says the company could raise nearly $10 billion from the sale of its US shal...Read More
(Recasts throughout, changes dateline from previous LONDON)* Oil drops to lowest since Nov before rebounding on OPEC cut talk* Safe-haven bonds, yen and gold stable after safe-haven pull* Euro hovers at highest since Nov ahead of French election* U.S. non-farm payrolls beats expectations, 211,000 jobs addedBy Rodrigo CamposNEW YORK, May 5 (Reuters) - Crude oil bounced back from its lowest level si...Read More
* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh* Oil drops to near 6-month low before rebounding on OPEC cut talk* Iron ore futures fall sharply in China* Safe-haven bonds, yen and gold all make ground* Euro hovers at highest since Nov ahead of French elections* Bond yields drift lower, focus on U.S. jobs dataBy Marc JonesLONDON, May 5 (Reuters) - A slump in oil prices to the lowest in...Read More