(Bloomberg) -- U.S. stocks turned higher in afternoon trading, with technology shares bolstering major indexes, as investors continue to price in the impact of tax cuts before corporate earnings start later in the week. The dollar strengthened after three straight weekly declines.The S&P 500 Index shrugged off early sluggishness to extend its rally to start the year to five days. The Nasdaq in...Read More
Investing.com - Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year.Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT).Prices of the precious metal were pressured lower as the dollar moved higher against a basket of...Read More
Investing.com - Gold prices edged lower in choppy trade on Friday as investors took profits after the metal’s rally to three-and-a-half month highs earlier in the week and as the dollar pushed higher despite a weaker-than-expected U.S. jobs report for December.Gold futures for February delivery settled down 0.11% at $1,320.20 on the Comex division of the New York Mercantile Exchange.For the...Read More
(Bloomberg) -- Equities worldwide extended their stellar start to 2018, with U.S. indexes rising to record highs for a third consecutive day, as the synchronized growth story continues to win over investors.Treasuries slumped and the dollar was flat after a report showed U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest le...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dlr/yen manages to rise as risk appetite hurts Japanese currency* A$ headed for 4th week of gains, commodity currencies strong* Euro zone HICP data, U.S. jobs report in focus (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near...Read More
* Euro short distance away from 3-year high vs dollar* Combo of strong euro zone data, dollar weakness support euro* Dollar/yen manages to rise as risk appetite hits Japanese unit* A$ headed for 4th week of gains, commodity currencies strongBy Shinichi SaoshiroTOKYO, Jan 5 (Reuters) - The euro hovered near a three-year high against the sagging dollar on Friday, while improving investor risk appeti...Read More
(Bloomberg View) -- The Bloomberg Spot Commodities Index has risen for 14 straight days to its highest since 2014. But don't expect the euphoria to last: 2018 will be a year of just modest growth.Although each commodity has its own idiosyncratic characteristics and market, there are major macroeconomic factors influencing global prices.China: As the largest consumer and producer of most global com...Read More
Investing.com - Gold prices fell on Thursday after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year.Comex gold futures were trading at $1,312.50 a troy ounce by 03:36 AM ET (08:36 AM GMT) after sliding 0.27% the previous day when prices fell back from a three-and-a-half month high of $1,322.70.Prices of the prec...Read More
Investing.com - Gold prices eased on Wednesday, pulling back from the previous days three month highs as the firmer dollar weighed.Comex gold futures were trading at $1,315.70 a troy ounce by 04:36 AM ET (09:36 AM GMT). Prices rose as high as $1,322.90 on Tuesday, the strongest level since September 18, propelled higher by the weaker dollar.Recent weakness in the dollar has supported gold prices b...Read More
* U.S. stocks close higher, boosting global shares* European equities close lower* Euro and sterling gain while dollar drops (Updates to U.S. market close; adds commentary)By Stephanie KellyNEW YORK, Jan 2 (Reuters) - The S&P 500 and the Nasdaq Composite notched record closing highs on Tuesday, the first trading day of 2018, while European equities finished lower and the U.S. dollar fell to it...Read More
* Oil trades near strongest levels since mid-2015* Media, retail stocks rise after positive broker recommendations* Casino stocks hit by downbeat December gambling revenue* Indexes up: Dow 0.2 pct, S&P 0.62 pct, Nasdaq 1.2 pct (Updates to early afternoon)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of 2018 on Tuesday, driven by gains i...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.25 pct, S&P 0.63 pct, Nasdaq 1.16 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 2 (Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Walt Disney, Netflix gain after upgrade* Indexes up: Dow 0.45 pct, S&P 0.35 pct, Nasdaq 0.31 pct (Updates to open)By Sruthi ShankarJan 2 (Reuters) - Wall Street's main indexes were higher on Tuesday, the first trading day of the year, buoyed by gains in technology and consumer discretionary...Read More
* Oil trades near strongest levels since mid-2015* Casino stocks hit by downbeat Dec. gambling revenue* Netflix gains after upgrade* Futures up: S&P 86 pts, Dow 8.25 pts, Nasdaq 25.25 pts (Adds comment, adds details, updates prices)By Sruthi ShankarJan 2 (Reuters) - Wall Street was poised for an upbeat session on the first trading day of 2018, fueled by strong commodity prices and a weak dolla...Read More
* Futures up: S&P 6 pts, Dow 33 pts, Nasdaq 7.5 ptsBy Sruthi ShankarJan 2 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Tuesday, the first trading day of 2018, signaling a continuation of the solid run from last year.Major stock indexes closed out 2017 with their best year since 2013, lifted by a combination of strong economic growth, solid corporate earnings, l...Read More
LUSAKA, Jan 2 (Reuters) - A London court has ordered Zambia Vedanta VED.L unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines...Read More
* Asia shares ex-Japan cheered by upbeat China survey* Dollar downtrodden after suffering worst year since 2003* Commodities benefit from dollar weakness, China demand* Oil prices hover near highest since mid-2015* European shares squeeze down by currency strengthBy Marc JonesLONDON, Jan 2 (Reuters) - The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat C...Read More
* STOXX 600 down 0.3 pct* Autos stocks dented by weaker French car registrations* Mining sector reverses after impressive run* IAG deal to buy Niki assets weighs on Lufthansa (Updates prices, adds detail, quotes)By Helen ReidLONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and an impressive run-up in metals and mining stocks revers...Read More
Investing.com - Gold prices rose to fresh three month highs on Tuesday in the first trading day of 2018, propelled higher by a weaker dollar.Comex gold futures rose 0.21% to $1,312.20 a troy ounce by 03:45 AM ET (08:45 AM GMT), the strongest level since September 26.Recent weakness in the dollar has supported gold prices by making the dollar-denominated metal cheaper for holders of other currencie...Read More
LONDON, Jan 2 (Reuters) - European stocks faltered at the start of the trading year on Tuesday as an impressive run-up in metals and mining stocks reversed, while strength in oil companies and banks was not enough to stop the slide.The pan-European STOXX 600 .STOXX index dipped 0.2 percent in early deals, while euro zone stocks .STOXXE fell 0.3 percent.Basic resources stocks weighed the most, with...Read More