PARIS (Reuters) - Western European car sales rose 9.1 percent in April compared to a year ago, helped by the timing of this year’s Easter holiday, according to industry data compiled by LMC automotive.Registrations last month came to 1.22 million cars, as many markets saw a higher number of selling days than in April 2017, the consulting firm said on Friday. Its numbers are based on national...Read More
LONDON, May 4 (Reuters) - British new car registrations ended a year-long run of declines to rise by an annual 10.4 percent in April although an industry body cautioned the increase reflected a poor performance in the same month last year.Demand in April 2017 dropped 20 percent as a tax rise came into effect.Sales last month reached 167,911 units according to the Society of Motor Manufacturers and...Read More
LONDON, May 4 (Reuters) - A rise in U.S. 10-year bond yields above 3 percent for the first time in four years has triggered only small outflows from equity and bond funds so far, with a greater impact felt in emerging markets, Bank of America Merrill Lynch said on Friday.Its weekly data, which tracks fund flows from Wednesday to Wednesday, showed investors pulled $84 million from equity funds, whi...Read More
* Germany/U.S. spreads near widest since 1989* U.S. payroll data should offer inflation clues* Report quotes 5-Star Movement head repeating election call* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds China comments on trade dispute, updates prices)By Abhinav RamnarayanLONDON, May 4 (Reuters) - The difference between German and U.S. government bond yields was close to its highest...Read More
BEIJING (Reuters) - Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to China’s Xinhua news agency on Friday.The two sides, though, committed to resolving their trade disputes through dialogue, state-run Xinhua reported.And the U.S. negotiato...Read More
BEIJING/MELBOURNE (Reuters) - The North American unit of a Chinese customs inspection firm said it would suspend checks on cargoes of scrap metal from the United States for a month from Friday, effectively halting all imports of U.S. scrap.The suspension comes amid a broad crackdown on pollution in China and stricter regulation around waste imports. It poses a serious headache for China’s sc...Read More
BEIJING/MELBOURNE (Reuters) - The North American unit of a Chinese customs inspection firm said it would suspend checks on cargoes of scrap metal from the United States for a month from Friday, effectively halting all imports of U.S. scrap.The suspension comes amid a broad crackdown on pollution in China and stricter regulation around waste imports. It poses a serious headache for China’s sc...Read More
Holdings of gold by exchange-traded funds have fallen in recentdays after rising during April, points out Commerzbank. The ETFs trade like astock but track the price of the commodity, with metal put into storage to backthe shares. “The gold ETFs tracked by Bloomberg haverecorded outflows of 10.5 tonnes so far this week,” Commerzbank says. “Holdingswere topped up by 60 tonnes in A...Read More
Thursday saw a rally in themetals; however, both gold and silver made their highs early in the morning andspent the rest of the day selling off. Gold remains weak as it battles at the $1,310level. Silver is still stronger than gold and the trade is long silver, shortgold.Today is jobs Friday and promisesto move the metals in a big way, with the direction to be determined. Based onpast jobs numbers...Read More
JOHANNESBURG (Reuters) - Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries.The miners were trapped by at the company's Masakhane mine west of Johannesburg on Thursday after an earthquake caused a cave-in.Five of 13 miners were rescued on Thursday but one of them had d...Read More
* Spot gold headed for third weekly decline* Premiums in India, Singapore widenBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, May 4 (Reuters) - Demand for physical gold barely changed in major Asian hubs this week even as global prices weakened, while a correction in local rates in India prompted retail consumers and jewellers to start purchases.In India, gold futures were trading at around...Read More
* LME/ShFE arb:* GRAPHIC-2018 asset returns: (Adds official midday prices, details)By Maytaal AngelLONDON, May 4 (Reuters) - Zinc prices hit their lowest inalmost nine months on Friday, the only base metal to trade innegative territory as investors expect a narrowing of the globalmarket deficit.Three month London Metal Exchange zinc was last biddown 1.1 percent at $2,975 a tonne in official midday...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Tesla Inc. (TSLA) shares fell 5.5% following CEO Elon Musk's bizarre conference call following the release of the electric carmaker's first-quarter earnings on Wednesday.The Dow Jones Industrial Average rose slightly after four straight days of losses.At one point Thursday, the Nasdaq traded below 7,000 for the first time since early April. It...Read More
Chris VermeulenPosted May 3, 2018I wanted to take a moment to alert everyone to a price cycle setup that may turn out to be one of the most dramatic price moves we've seen since 2008. The metals markets have recently made some news by breaking to new recent price highs.This price move prompted a number of major firms to announce new bullish directional forecasts for gold with predictions of $2500...Read More
SHANGHAI, May 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index traded rangebound around 92.4 overnight, buoyed by the upbeat economic data. The market was also looking more cues from US-China trade talks.Most LME metals fell, but copper rebounded and hit a weekly high as inventories declined. LME zinc tumbled 1.3% to...Read More
3 Things You Must Know Before the Market Opens TheStreet's Executive Editor Brian Sozzi says Tesla CEO made three glaring mistakes during his wacky earnings call.The S&P 500's forward price-to-earnings multiple, which stood at 18.6 in late January, has declined to 16.3 notes Yardeni Research. Fresh off an activist investor attack, TheStreet will sit down with Akamai's (AKAM) CEO Tom Lei...Read More