EDINBURGH, Jan 5 (Reuters) - A cocktail of higher costs, weak domestic growth and lacklustre consumer demand is dampening optimism among British small businesses, with confidence in Scotland dropping sharply to near a 5-year low at the end of 2017, a survey showed on Friday.The Federation of Small Business said confidence among its members across Britain fell to a four-year low of -2.5 in the last...Read More
Jan 5 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS5-JanJapan 3-month discount bill auction8-JanFranceAuction of BTF Treasury notes8-JanNetherlands DTC auction9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherlands DSL auction 10-Jan...Read More
* Underlying UK sales down 2.3 pct in December - BDO* Shop prices fell 0.6 pct - BRC LONDON, Jan 5 (Reuters) - British shops suffered a fall in underlying sales in December for the fifth straight year, a survey showed on Friday, adding to evidence consumers are tightening their belts.Britons are being squeezed by slow wage growth and a jump in inflation that followed the 2016 Brexit vote, prompti...Read More
Jan 5 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is fileddaily. ** Indicates new events -----------------------------------------------------------FRIDAY, JANUARY 5PHILADELPHIA - Bank of England Chief Economist Andy Haldane: Chairing panel sessi...Read More
Following a $54 million impairment charge in its Nzema mine, located approximately 70km from Takoradi in southwestern Ghana, Endeavour Mining (TSX:EDV) announced it has sold its 90% stake in the project to African contracting group BCM International. The remaining 10% is held by the Ghanaian government.The transaction was originally disclosed in August last year and it was completed in late Decemb...Read More
(Adds details on financing plans, issuance)BUENOS AIRES, Jan 4 (Reuters) - Argentina sold $9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America's third largest economy sold $1.75 billion in five-year bonds at a yield of 4.625 percent, $4.25 billion of 10-year bonds at 6...Read More
The number to focus on today is the number 10. Gold traders are witnessing a run on the precious yellow metal, now in its 10th day for consecutive price gains. The last time traders witnessed ten consecutive trading days resulting in higher prices was back in 2011. In fact, that rally resulted in a total of 13 consecutive higher trading days, one of the longest consecutive daily price advances in...Read More
Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? The Fed Is Divided over Number of Hikes in 2018 At the December meeting, the U.S. central bank increased the federal funds rate by a quarter percentage point to a range 1.25-1.50 percent. The move was widely expected by investors, but there was...Read More
BUENOS AIRES, Jan 4 (Reuters) - Argentina covered nearly a third of its expected 2018 financing needs by selling $9 billion in dollar bonds on Thursday, after receiving offers for $21.4 billion, the finance ministry said in a statement.Argentina sold $1.75 billion in five-year bonds at a yield of 4.625 percent, $4.25 billion of 10-year bonds at 6 percent and $3 billion in 30-year bonds at 7 percen...Read More
NEW YORK, Jan 4 (Reuters) - U.S. fund investors pulled $8.4 billion from stocks and funneled $3.3 billion into taxable bonds during the most recent week, responding to a strong year of market gains defensively, Lipper data showed on Thursday.The data covers cash that moved into and out of U.S.-based mutual funds and exchange-traded funds during the seven days through Wednesday. (Reporting by Trevo...Read More
Subscribers to Schaeffer's Weekly Options Countdown service doubled their money earlier this week on our FedEx Corporation (NYSE:FDX) weekly 1/5 245-strike call recommendation. Here's a closer look at what put FDX stock on our bullish radar for the first week of 2018, and how the options trade we recommended last Sunday, Dec. 31, unfolded.On Tuesday, Dec. 19, FedEx reported blowout fiscal second-q...Read More
Roxgold Inc. (TSX:ROXG) announced that the Ministry of Environment and Sustainable Development of Burkina Faso has granted the company permitting approval to develop the Bagassi South project, located within its high-grade Yaramoko gold mine in the Hound?(C) greenstone region of the West African country."The approval of the Environmental and Social Impact Assessment for Bagassi South allows us to...Read More
U.S. stocks had another stellar day, with the Dow topping the 25,000 mark for the first time in history. A solid day for financial stocks helped the blue-chip index higher, overshadowing losses from Intel (INTC). Likewise, the S&P and Nasdaq also touched fresh record highs, as Wall Street applauded encouraging data on private-sector payrolls ahead of tomorrow's monthly jobs report. Commodities al...Read More
WASHINGTON (Reuters) - The Federal Reserve proposed new guidance Thursday that would clarify the regulator’s expectations for how senior managers at large banks handle risk at their respective institutions.The proposed guidance would identify core principles for effective day-to-day management of a bank, ensuring risk is adequately managed. The Fed also proposed guidance outlining its expect...Read More
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose on Thursday, adding to its record high, as the financials and materials sectors climbed, while shares of energy and marijuana producers pared some recent gains.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 41.39 points, or 0.25 percent, at 16,412.94. Five of the index's 10 main groups ended higher. (Reporti...Read More
PHILADELPHIA (Reuters) - The U.S. tax legislation approved last year is likely to boost growth and investment and is already pushing up equity prices, but should not force the Federal Reserve to raise interest rates any faster than expected, St. Louis Fed President James Bullard said on Thursday.“A lot of good things were done in this tax bill,” said Bullard, who endorsed the alignment...Read More
NEW YORK (Reuters) - The dollar fell on Thursday, failing to hold the previous day’s gains on the back of upbeat U.S. data, as the euro resumed a rally that has taken it near its highest level in three years.A stronger-than-expected U.S. private-sector jobs report briefly helped the dollar pare losses versus the euro and extend gains against the yen. But those moves were short-lived.“T...Read More
(Kitco News) - A Welsh gold mine, which is behind three generations of British royal wedding rings, is planning to reopen after 20 years of inactivity — just in time for the spring royal wedding between Prince Harry and Meghan Markle.The gold from the Clogau St David’s mine, located in Bontddu, Snowdonia, was used in royal weddings for the last 90 years.Wedding rings for the Queen, Pri...Read More
NEW YORK (Reuters) - The Dow Jones industrial average rose above the 25,000 level for the first time on Thursday and other major indexes scaled new records, propelled by strong economic data both in the United States and abroad.The 30-member blue-chip index crossed five 1,000-point marks in 2017 on the back of President Donald Trump’s pro-growth agenda and solid corporate earnings.It took le...Read More
WASHINGTON (Reuters) - The White House said President Donald Trump believes in enforcing U.S. marijuana laws after the Department of Justice moved on Thursday to ease enforcement of federal drug laws in states that have legalized pot.“The president believes in enforcing federal law -- that’s his top priority -- regardless of what the topic is, whether it’s marijuana or immigratio...Read More