TOKYO, Feb 10 (Reuters) - Japan's government has decided to nominate Haruhiko Kuroda as governor of the central bank for another term when his current one expires in April, a person briefed on the matter said on Saturday, a sign the country's ultra-loose monetary policy will remain in place.The reappointment, widely expected by financial markets and reported late on Friday by Japanese media, will...Read More
Gold is down despite risk aversion in the equities, but definitely not out and could witness a revival next week, technical charts indicate. Currently, gold (XAU/USD) is trading at $1314/Oz - down 1.39 percent from last week's low of $1332.60. The rising yield led risk aversion in the global equities is boding well for anti-risk currencies like JPY and CHF. However, gold, despite being a class...Read More
Gold´s decline reaches the 38.2% retracement of the December/January rally. The bearish potential of the bright metal increases, but break below 1,300.00 needed. Gold prices are the most stable across the financial world, trading this Friday marginally lower, but within Thursday's range, as the rout in global equities prevents the commodity from plummeting on increased dollar's dem...Read More
Feb 10 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 12SYDNEY - Speech by Luci Ellis, RBA...Read More
Feb 10 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. Indicates new events -----------------------------------------------------------SATURDAY, FEBRUARY 10** NEW DELHI - Indian Finance Minister Arun Jaitley will address the Central...Read More
(Adds attempt to contact LJM, background on market action)By Trevor HunnicuttNEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leon...Read More
* Indexes gain over 1 percent Friday after big swings* Technology the day's best-performing group* S&P 500 falls 5.2 percent for week (Adds comments, context)By Lewis KrauskopfFeb 9 (Reuters) - U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading d...Read More
It's A Mad, Mad, Mad WorldI have been an active trader and was licensed as a commodity broker in 1984, which means that I was present for the equities meltdown and crash of 1987. I was also in the industry in 2008 when the US stock market crashed following the banking crisis which resulted in a multiyear recession. Having said that, this week's meltdown in equities contained extremely wild price s...Read More
(Updates throughout with closing prices)TORONTO, Feb 9 (Reuters) - Canada's main stock index fell on Friday, closing at its lowest level in five months, reflecting weakness in mining stocks as gold futures and copper prices declined.* The Toronto Stock Exchange's S&P/TSX composite index closed down 31.08 points, or 0.21 percent, to 15,034.53.* Of the index's 10 main industry groups, seven ende...Read More
(Adds details, table, bitcoin details, paragraphs 4-11)By Gertrude Chavez-DreyfussFeb 9 (Reuters) - Speculators' net short U.S. dollar bets declined for the first time in six weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators i...Read More
NEW YORK, Feb 9 (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in recent market turmoil.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Leonard Sokolow said he owned shares of LJM Preservation and Growth Fund , a o...Read More
Stock market volatility was the name of the game yet again today, with the Dow exploring a range of more than 1,000 points on both sides of breakeven, before ultimately finishing in the black. It's a trend we've seen all week, with the index trading in a massive range of more than 2,100 points since Monday's open, but ultimately suffering its steepest weekly loss since January 2016. The S&P 500 an...Read More
WASHINGTON, Feb 9 (Reuters) - The White House budget proposal projects U.S. economic growth of3.2 percent next year, before declining to 3 percent in 2021 and 2.8 percent in 2026, the Wall Street Journal reported on Friday, citing a preview of the plan.The budget, which is due to be released on Monday, assumes the 10-year Treasury yield will average 2.6 percent this year and 3.1 percent next year...Read More
* S&P still posts worst week since Jan 2016* Indexes end up over 1 pct after day of big swings* S&P, Dow confirmed correction territory on Thurs (Updates with close of U.S. market)By Lewis KrauskopfFeb 9 (Reuters) - Wall Street's main stock indexes climbed more than 1 percent on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.Eve...Read More
TORONTO, Feb 9 (Reuters) - Canada's main stock index fell on Friday, closing at its lowest level for five months reflecting weakness in mining stocks as gold futures and copper prices declined.At 4:03PM EST (2103 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 31.08 points, or 0.21 percent, to 15,034.53. (Reporting by Matt Scuffham; editing by Diane Craft) Disclaimer: The view...Read More
Feb 9 (Reuters) - Speculators' net short U.S. dollar bets declined for the first time in six weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, w...Read More
* Indexes again mark day of big swings* S&P, Dow confirmed correction territory on Thurs (Updates with late afternoon trade)By Lewis KrauskopfFeb 9 (Reuters) - U.S. stocks held modest gains on Friday in another volatile session during a week of huge swings that shook the market out of months of calm.During Friday's session alone, the S&P 500 swung from as high as up 1.5 percent to down 1.9...Read More
* Wall Street was set for busiest IPO week in 2 1/2 years* Of 7 listings this week, 4 traded below IPO price Friday* IPO market now entering mid-February lull By Joshua FranklinNEW YORK, Feb 9 (Reuters) - Wide swings in the U.S. stock market has blunted initial public offering (IPO) activity on Wall Street in what was set to be the busiest week for new listings in more than two-and-a-half years....Read More
(Kitco News)- Valentine’sDay is quickly approaching and if you are struggling for the perfect gift, you can’tgo wrong with jewelry as that appears to be the hot item this year.Accordingto the National Retail Federation, U.S. consumers are expected to spending anear-record $19.6 billion on Valentine’s Day gifts, up from $18.6 billion spentlast year. On average consumers are planni...Read More
It's been a volatile week on Wall Street, and today is no different. The Dow was last seen up around 50 points -- after being down 500 points earlier -- and on pace for its worst week since the financial crisis. This whipsaw price action is being mirrored in the drug sector, too, with Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) and Pieris Pharmaceuticals Inc (NASDAQ:PIRS) soaring, while Sarepta Th...Read More