BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.Some of the western diplomats involved in the meetings with Fu Ziying, who is also a vice-commerce minister, h...Read More
WEST PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe will seek common ground on how to deal with North Korea’s nuclear challenge on Tuesday amid fears in Tokyo that Trump might be prone to make too many concessions.Abe is due to arrive at Trump’s Mar-a-Lago retreat in Palm Beach, Florida, for two days of talks dominated by North Korea but...Read More
A strong reaction to Netflix earnings is lifting S&P and NDX futuresDow Jones Industrial Average (DJI) futures are trading well above fair value -- pointing to a second straight day of big gains for the index -- thanks to positive earnings reactions for blue chips Goldman Sachs (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signal...Read More
Premier GoldMines Ltd. (TSX: PG) reports first-quarter gold production of 30,550 ounces andsilver output of 59,826 ounces, leaving it on track to meet guidance. Thecompany says gold production of 15,541 ounces from South Arturo during thequarter has already exceeded annual guidance, as a result of a decision byoperator Barrick Gold Corp. in January to accelerate the processing of thesecond phase o...Read More
The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS.The opinions expressed are his own. Reuters has not edited the statements or confirmed their accuracy.@realDonaldTrump :- Employment is up, Taxes are DOWN. Enjoy! [0824 EDT]- I am in Florida and looking forward to my meeting with Prime Minister Abe of Japan. Working o...Read More
Running down a laundry list of extremes for the energy ETF during a seasonally strong monthOil futures and energy stocks stormed to the forefront last week, as escalating tensions over Syria sparked supply concerns. This high-stakes geopolitical catalyst prompted a fairly significant breakout for the recently slumbering Energy Select Sector SPDR Fund (NYSEARCA: XLE) -- which gapped above its 50-da...Read More
Mr. Ivan Bebek reportsAURYN INITIATES WORK AND EXPANDS LAND POSITION AT THE SOMBRERO GOLD AND COPPER PROJECTAuryn Resources Inc. has completed a long-term access agreement with the Huancasancos community which covers approximately half of the 2016 Sombrero claims located in southern Peru. The agreement gives Auryn surface access where exploration programs are under way in anticipation of an initia...Read More
(Reuters) - Tesla Inc (TSLA.O) shares fell as much as 2 percent in premarket trading on Tuesday, a temporary halt in production of its Model 3 sedan adding to nerves about the electric car maker’s consistent failure to keep its promises on vehicle output.Model 3, the most affordable sedan from Tesla, is seen as crucial to the company’s future profitability, but has so far missed severa...Read More
(Kitco News)- Gold prices remain weak trading just off session lows followingslightly stronger than expected housing construction data.Tuesday, the Commerce Department said housing starts increased 1.9% to aseasonally adjusted annual rate of 1.132 million units, up from February'sstarts of 1.295 million units. Economists were expecting new home construction slightlyweaker at 1.27 million units.Att...Read More
Mr. Jean Martineau reportsDYNACOR ANNOUNCES SHARE BUY BACK PROGRAMThe Toronto Stock Exchange has approved Dynacor Gold Mines Inc.'s request to establish a normal course issuer bid share buyback program, through which Dynacor may purchase, for cancellation, up to 1,982,717 or approximately 5 per cent of its outstanding common shares as of April 10, 2018.Jean Martineau, president and chief executive...Read More
On Friday, President Trump attacked Syria with the support of France and Britain, whichsome critics say violated various United Nations' agreements.We have a series of potential black swans that lead me to question the timing of the US administration's policies now being implemented.I believe there is going to be an explosive move in the price of metals that could surpass recent moves and challeng...Read More
BNP Paribassays silver, which with natural gas is one of only two commodities in whichspeculators have net bearish positions, is “oversold.” Analysts explain: “Our proxy for silver positioning is thenet speculative allocation reported by Comex, adjusted by the total openinterest and normalized on a scale of zero to 10. To further assess how themarket is allocated, we used the tot...Read More
(Kitco News) - Gold and silver prices are lower in early U.S. trading Tuesday. The safe-haven metalsare pressured by more robust trader and investor risk appetite in themarketplace early this week, as evidenced by rallying world equities markets. June Comex gold futures were last down $5.70 an ounce at $1,345.00. May Comex silver was last down $0.047 at $16.63 an ounce. Worldstock markets were m...Read More
(Reuters) - Johnson & Johnson (JNJ.N) reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by growing demand for its cancer drugs.J&J’s pharmaceuticals sales rose 3.8 percent to $3.04 billion, driven by sales of its cancer drugs such as Darzalex, Imbruvica and Zytiga that rose 45 percent to $2.31 billion in the quarter.J&...Read More
NEW YORK (Reuters) - Wells Fargo & Co’s (WFC.N) two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.Earnings reports in recent days showed Wells Fargo’s book of C&I loans in the United States d...Read More
LONDON (Reuters) - The world’s biggest tech stocks were investors’ top pick for the third straight month despite mounting worries over regulation, Bank of America Merrill Lynch’s April fund manager survey found on Tuesday.“Long FAANG + BAT” remains the most crowded trade, the bank’s strategists said, referring to U.S. tech giants Facebook, Apple, Amazon, Netflix...Read More
(Reuters) - UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat Wall Street estimates, fueled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year.Shares of UnitedHealth rose 1.3 percent to $233.25 in premarket trading.The largest U.S. health insurer has been adding more physicians through a series of acquisitions, helping d...Read More
BEIJING (Reuters) - China's industrial output grew 6.0 percent in March from a year earlier, missing expectations, while fixed-asset investment growth slowed to 7.5 percent in the first quarter, also below forecasts, data showed on Tuesday.Analysts polled by Reuters had predicted industrial output growth would cool to 6.2 percent from 7.2 percent in the first two months of the year.Investment grow...Read More
BEIJING (Reuters) - China’s economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand and robust property investment.Resilience in the world’s second-largest economy will likely keep a synchronized global recovery on track for a while longer, even as China faces rising tensions with the United States that could impact bil...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