* U.S. crude jumps above $64/barrel, tagging along energy stocks* Xerox rises on deal talks with Japan's Fujifilm* U.S. producer prices dip 0.1 pct in Dec. vs est. of 0.2 pct rise* Indexes up: Dow 0.41 pct, S&P 0.30 pct, Nasdaq 0.31 pct (Changes comment, updates price, adds details)By Sruthi ShankarJan 11 (Reuters) - U.S. stocks rose on Thursday as a jump in oil prices lifted energy stocks to...Read More
Mr. Greg Smith of Calibre reportsCALIBRE AND CENTERRA GOLD DRILL 77.8 METRES GRADING 1.1 G/T AU AT THE CERRO AEROPUERTO GOLD DEPOSIT, NORTHEASTERN NICARAGUACalibre Mining Corp. has provided an update as the company and Centerra Gold Inc. continue to advance the Siuna project, Borosi Concessions, Northeast Nicaragua.Centerra can earn a 70-per-cent interest in the project by investing $7-million in...Read More
LAGOS, Jan 11 (Reuters) - Flour Mills of Nigeria plans to start marketing a share sale to existing investors aimed at raising 39.86 billion naira ($130 million) on Jan. 15, the bourse said on Thursday, after granting approval.The flour manufacturer will offer 1.47 billion ordinary shares at 27 naira apiece, a 18.2 percent discount to Thursday's market price of 33 naira. It will offer nine new shar...Read More
By Sujata RaoLONDON, Jan 11 (Reuters) - Concerns that Japan could exit stimulus sooner than expected have jolted world markets this week, including emerging economies where a stronger yen could persuade Japanese funds to dial back their slowly rising overseas allocations.The yen's surge after the Bank of Japan reduced its bond purchases on Monday lifted global bond yields and hit emerging currenci...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auction of 10-year Treasury Inflation Protected Securities next week, see: Keywords: USA DEBT/TIPS Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. no...Read More
WASHINGTON, Jan 11 (Reuters) - For details of the U.S. Treasury's auctions of 4-week, 13-week and 26-week bills next week, see:4-week bills 13-week bills 26-week bills (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; how...Read More
Gold’s technical posture on thecharts remains constructive, says Lukman Otunuga, research analyst atFXTM. The metal is modestly higher so far Thursday, helped by a softer U.S.dollar. “With the greenback somewhat shaky and still struggling to gain ground,gold is likely to remain supported moving forward,” Otunuga says. “Taking alook at the technical picture, the metal still...Read More
* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima Kelly and Saikat ChatterjeeLONDON, Jan 11 (Reuters) - Sterling slipped to a one-week low against the euro on Thursday, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming...Read More
The U.S. stock market will be closed on Monday, Jan. 15, for Martin Luther King Jr. Day. If past is prologue, the S&P 500 Index (SPX) could be in for a rough holiday week, too. Below, we take a look at how the SPX tends to perform during MLK Week, and why buyers should beware blue-chip stock American Express Company (NYSE:AXP) ahead of earnings.S&P Struggles During MLK WeekSince 1998, the S&P has...Read More
(Kitco News) - Following are six elements working in favor of the gold marketbulls and that should continue to support upward price movement in the preciousmetal.RisingGovernment Bond Yields. A feature in the marketplace this week isrising world government bond yields (falling prices). This helped to hold backgains in global stock markets. Bloomberg news published a story Wednesday aboutthe Chines...Read More
* Euro gains after ECB minutes released* Dollar index weak after U.S. producer prices fall* Bitcoin slips on S.Korea plans to ban cryptocurrency trading (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 11 (Reuters) - The euro jumped against the dollar on Thursday after the European Central Bank said it could revisit its co...Read More
Footwear stocks Foot Locker, Inc. (NYSE:FL) and Finish Line Inc (NASDAQ:FINL) are in the headlines today after the sector peers garnered some attention from analysts at Wells Fargo ahead of today's opening bell. Here's a closer look at how FL and FINL stocks are faring. Foot Locker Falls Despite Positive Analyst AttentionFL is down 0.7% to trade at $45.94 after Well Fargo upped its price target...Read More
With oil prices rising in recent months to multi-year highs, it's not surprising Chevron Corporation (NYSE:CVX) has been on a strong run since this past July. CVX shares have gained 23.6% in the past six months, and this morning touched a fresh three-year high of $129.95. Let's take a closer look at Chevron stock and this morning's brokerage attention below. BMO this morning upgraded the energy gi...Read More
(Adds detail, gives background)JOHANNESBURG, Jan 11 (Reuters) - One person was killed and part of South Africa's Royal Bafokeng Platinum's (RBPlat) conveyor belt was burnt during overnight protests at one of its shafts in the country's North West Province, the platinum producer said on Thursday.Social and labour violence, soaring costs and depressed world platinum prices have hurt South Africa's...Read More
(Kitco News)- Confusionand uncertainty reign in financial markets, helping gold prices rally in theface of higher bond yields, as traders continue to assess whether or not Chinawill continue to buy U.S. Treasuries. EarlyThursday, Chinese officials denied reports that the central bank is looking atslowing its U.S. bond purchases. According to reports, while the central bank is diversifying its f...Read More
Wal-Mart Stores Inc (NYSE:WMT) is making headlines this morning, after the blue chip announced it's raising its starting wage to $11 an hour, while giving other eligible full-time employees one-time cash bonuses. It also will be expanding maternity and parental leave benefits. The added benefits can be attributed to the tax law changes that were enacted last month. WMT stock has added 45% year-o...Read More
Xerox Corp (NYSE:XRX) is reportedly in talks to team up with Japanese camera maker Fujifilm Holdings. According to the Wall Street Journal, the copy specialist is under pressure from Carl Icahn -- its largest stakeholder -- to modernize, with the activist investor warning in an open letter to shareholders last December that XRX could end up like Eastman Kodak. And while the two companies have been...Read More
(Kitco News) - Pan American Silver Corp.(Nasdaq, TSX: PAAS), the world’s second-largestprimary silver producer, is projecting that its output of silver will climbover the next three years.Officials released productiondata showing fourth-quarter output of 6.6 million silver ounces and 43,700ounces of gold. This brings the full-year totals to 25 million ounces of silverand 160,000 ounces of go...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE:BTO) said Thursday it had achieved record fourth quarter and full-year output in 2017, thanks mainly to the start of commercial production at its Fekola mine, in south-western Mali.The Vancouver-based company, which poured its first gold at Fekola in November, produced 630,565 ounces of the yellow metal last year, a figure that includes the 79,243 ounces...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE:BTO) said Thursday it had achieved record fourth quarter and full-year output in 2017, thanks mainly to the start of commercial production at its Fekola mine, in south-western Mali.The Vancouver-based company, which poured its first gold at Fekola in November, produced 630,565 ounces of the yellow metal last year, a figure that includes the 79,243 ounces...Read More