(Kitco News) - The comparison between gold and bitcoin has been “overdone,” according to one investment expert, who sees gold as extremely different from bitcoin.“Gold is a store of value that will last forever. Bitcoin, on the other hand, is something that is young and speculative. [Bitcoin] is very exciting, but the comparison with gold has been overdone,” Newscape Capita...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.8 pct, CSI300 +0.4 pct, HSI +1.8 pct* HK->Shanghai Connect daily quota used 3.5 pct* HK->Shenzhen Connect daily quota used 6.2 pct* CNY official close 6.345 per dollar* FTSE China A50 +0.9 pct, BNY Mellon ADR China Select Index +1.6 pct SHANGHAI, Feb 22 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other n...Read More
Feb 22 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATECOUNTRY AUCTION DETAILS22-FebUnited States Sale of 7-year notes22-FebJapan 3-month discount bill auction22-FebJapan Auction of 20-year government bonds22-FebUnited KingdomAuction of 0 1/8% Index-linked...Read More
By Lawrence WhiteLONDON, Feb 22 (Reuters) - Britain's cross-party Treasury Select Committee of lawmakers on Thursday said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology.The probe will focus on the opportunities and risks posed to consumers, businesses and the government by the rising popularity of so-called cryptocurrencies, the committe...Read More
Feb 22 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 22 FRANKFURT - S...Read More
Feb 22 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 22 ** SUVA - Res...Read More
(Corrects paragraph 15 to 1.8 million instead of 1.3 million)* Dollar strengthens from three-year lows* U.S. crude stocks unexpectedly fall by 907,000 barrels* Coming Up: EIA data on U.S. oil inventories on Thursday By Stephanie KellyNEW YORK, Feb 21 (Reuters) - Oil prices were little changed on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dol...Read More
Traders and investors witnessed extreme volatility characterized by strong price swings taking gold prices both moderately higher as well as moderately lower in trading today.In a time span of only 70 minutes, gold prices fluctuated between a seven-dollar net gain followed by a six-dollar decline in prices.As of 3:30 PM Eastern standard time, April Comex gold futures are currently trading down $5....Read More
By Herbert LashNEW YORK, Feb 21 (Reuters) - Fears of rising interest rates slammed real estate again on Wednesday after the release of Federal Reserve minutes, making the sector the worst-performing among U.S. equities on the day and the year, but potentially marking a good time to buy.Fear of rising rates and their impact on real estate investment trusts (REITs) is often misplaced, especially whe...Read More
(Recasts story to focus on criminal case, adds further details from court papers)By Nate RaymondFeb 21 (Reuters) - The operator of a shuttered bitcoin-denominated exchange was arrested on Wednesday on federal charges that he lied to U.S. securities regulators to avoid taking responsibility for the theft by hackers of virtual currency now worth nearly $70 million.Federal prosecutors in Manhattan a...Read More
(Adds quotes, details and background on indirect bidders)By Kate DuguidNEW YORK, Feb 21 (Reuters) - Investors showed fair demand for the $35 billion of five-year notes auctioned by the U.S. Treasury Department on Wednesday, part of a bumper sales week as the government boosts issuance to help fund President Donald Trump's tax overhaul and a two-year budget deal.This week's issuance of $258 billio...Read More
(Adds earnings comparison, stock movement)Feb 21 (Reuters) - U.S. shale oil producer Continental Resources Inc posted a better-than-expected quarterly profit on Wednesday, helped by rising production and surging crude prices .The results reflect the broader push in the industry to boost output only when profitable. Continental easily exceeded that mark during the quarter, with executives vowing t...Read More
Feb 22 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,943.72.846 NZX 50**8,309.15 108.88DJIA24,797.78-166.97 NIKKEI**21,970.8145.71Nasdaq7,218.228-16.08FTSE**7,281.57 34.80S&P 500 2,701.33 -14.93Hang Seng** 31,431.89558.26SPI 200 Fut 5,9162.00STI** 3,516.23 39.70SSEC**3,199.4757 14.52 KOSPI** 2,429.65 14.53-------------------------------------------------------------...Read More
* U.S. dollar index hits one-week high* Wall Street gives back gains after Fed minutes* Euro slips, sterling down on unemployment data* U.S. Treasury 10-year yield hits four-year high (Updates Wall Street to close; updates throughout)By Hilary RussNEW YORK, Feb 21 (Reuters) - The benchmark 10-year U.S. Treasury yield hit a four-year high, the dollar rose and stocks fell on Wednesday in a rocky ses...Read More
(Adds details, updates to close)By Nichola SaminatherTORONTO, Feb 21 (Reuters) - Canada's main stock index closed at a 2-1/2-week high on Wednesday, led by financials and industrials, with all sectors but technology posting gains.The Toronto Stock Exchange's S&P/TSX composite index closed up 84.57 points, or 0.55 percent, higher at 15,524.01, its strongest close since Feb. 2.* Canadian stocks...Read More
Vancouver-based Fremont Gold (TSX.V: FRE) announced today that it has entered into an option agreement with Ely Gold Royalties and its wholly-owned subsidiary Nevada Select Royalty to acquire 12 unpatented lode mining claims covering approximately 100 hectares in Elko Country, Nevada.The claims sit on the northern Carlin Trend, which is the second richest gold province in the world, with total his...Read More
(Adds background details, analyst expectations, share movement)Feb 21 (Reuters) - U.S. burger chain Wendy's Co on Wednesday missed Wall Street estimates for same-restaurant sales in North America as fewer customers visited its outlets amid intense competition with bigger rivals such as McDonald's Corp .The sales miss comes despite Wendy's more diverse "4 for $4" value menu, which had he...Read More
Feb 21 (Reuters) - A second investor on Wednesday filed a lawsuit against managers of a U.S. mutual fund that lost most of its value earlier this month during a bout of market turmoil.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Stanley Bennett said LJM Funds Management Ltd's Preservation and Growth Fund "left investors exposed to an unacceptabl...Read More
(Adds dealer quotes and details, updates prices)* Canadian dollar at C$1.2686, or 78.82 U.S. cents* Oil prices fall 0.2 percent* Bond prices lower across steeper yield curve* Canada-U.S. 10-year spread hits widest since June 27 By Fergal SmithTORONTO, Feb 21 (Reuters) - The Canadian dollar weakened to an eight-week low against its U.S. counterpart on Wednesday as oil prices fell and investors wei...Read More
Gold almost flat ahead of FOMC minutes. All eyes may be now on the deluge of US Treasury auctions later this week. Gold is now trading around $1332, in the New York session, almost flat for the day, edging up by 0.05% ahead of FOMC minutes later on Wednesday. So far Gold made a session high and low of around 1333-1325 in a day of rangebound trading amid higher USD and concerns of higher US infla...Read More