February has been an unusually volatile month for U.S. stocks, with the major market indexes experiencing both their best and worst weeks in over a year. While the stock market has recouped much of the correction from earlier this month, the indexes are still set to snap a jaw-dropping 10-month winning streak. Looking ahead to March, we decided to dig up some historical stock and sector winners th...Read More
It's been a volatile four weeks for the U.S. stock market. In recent sessions, the S&P 500 Index (SPX) has pared a portion of its February losses, but is comfortably on track to snap its 10-month losing streak. And though the S&P has averaged a March return of 0.6% since its inception, according to data from Schaeffer's Quantitative Analyst Chris Prybal, it's not time to press the buy button on ju...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,495,000. Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and...Read More
Feb 27 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,042.20 42.40 NZX 50**8,340.53 38.81DJIA25,652.37342.38NIKKEI**22,153.63260.85Nasdaq7,401.18263.792FTSE**7,289.58 45.17S&P 500 2,772.32 25.02 Hang Seng** 31,498.6 231.43SPI 200 Fut 6,043.00 28.00 STI** 3,555.85 22.63SSEC**3,330.25 41.23 KOSPI** 2,457.65 6.13----------------------------------------------------------...Read More
* Dollar slides 0.1 pct against a currency basket* Focus on Fed chief Powell's congressional appearance* GRAPHIC-2018 asset returns: (Recasts throughout, updates price; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 26 (Reuters) - Gold prices rose on Monday as a softer U.S. dollar helped the metal rebound from its biggest weekly loss this year, but moves w...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Car rental concern Hertz Global Holdings, Inc (NYSE:HTZ) is slated to report earnings after the close tomorrow, and auto parts supplier AutoZone, Inc. (NYSE:AZO) will report before the open. Below, we'll take a look at HTZ and AZO's earnings history, and how the stocks have been faring.Hertz Stock Sees Heavy Call BuyingAt last check, Hertz stock was down 1.8% to trade at $20.29. The shares dipp...Read More
(Adds detail)MADRID/BRUSSELS, Feb 26 (Reuters) - The European Central Bank is following the right policies to raise inflation and prices should continue rising back towards target in the coming quarter, Spanish Economy minister Luis de Guindos, the bank's next vice president, said on Monday.Largely echoing the ECB's standard policy line, de Guindos said he was increasingly confident that inflatio...Read More
* Focus on Fed chief's testimony, inflation data this week* U.S. bond yields, VIX ease further from peaks* Berkshire Hathaway gains on Buffett's buyback comments* Indexes up: Dow 1.09 pct, S&P 0.71 pct, Nasdaq 0.7 pct (Updates to early afternoon)By Sruthi ShankarFeb 26 (Reuters) - U.S. stocks rose sharply on Monday, led by gains across sectors as investors bet that Federal Reserve Chairman Jer...Read More
Since its recent high of $1,370 an ounce at the end of January, the price of gold has shaved off about $40 as Treasury yields continue to head north. The yield on the benchmark 10-year T-note is looking to cross above 3 percent, which would be the first time since early January 2014. This is a short-term headwind for the yellow metal that could reverse if inflation continues to rise more than expe...Read More
BRAS??LIA, Feb 26 (Reuters) - Brazil's federal tax revenues reached 155.619 billion reais($48.11 billion) in January, 10.12 percent more than reported in the same month a year earlier, government data showed on Monday.It was the best result for the month since 2014 as the country continues to recover from a deep recession.($1 = 3.2347 reais) (Reporting by Marcela Ayres; Writing by Marcelo Teixeira...Read More
Mr. Morgan Poliquin reportsNEWCREST TO ACQUIRE INDIRECT 19.9% INTEREST IN EL COBRE THROUGH INVESTMENT OF CAD$19 MILLION; ALMADEX TO SPIN-OUT MINERAL EXPLORATION AND ROYALTY ASSETSAlmadex Minerals Ltd.'s board of directors has unanimously approved a strategic reorganization of its business. Almadex's early-stage exploration projects, royalty interests and certain other non-core assets will be trans...Read More
(Adds quotes from Circle, Poloniex, adds details)By Jemima Kelly and Anna IrreraLONDON/NEW YORK, Feb 26 (Reuters) - Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.Neither of the Boston-based companies disclosed the value of the deal that gi...Read More
Feb 26 (Reuters) - Dutch health technology company Philips said on Monday it was selling about a 12 percent stake in Philips Lighting .Following the sale and the cancellation of 2.2 million shares to be repurchased by Philips Lighting as part of the deal, Philips remaining stake in the lighting maker will be 18.3 percent, the company said.The sale was via an accelerated bookbuild offer to institut...Read More
RIO DE JANEIRO, Feb 26 (Reuters) - Chilean equities led losses across the region on Monday, with the nation's blue-chip IPSA index falling over 1 percent largely due to share price declines in the country's lithium and forestry sectors.Shares in Sociedad Quimica y Minera de Chile SA (SQM) , which has attracted investor interest due to increasing demand for lithium from electric car makers, fell al...Read More
BRUSSELS, Feb 26 (Reuters) - Spain's Economy minister and soon-to-be European Central Bank Vice President Luis de Guindos said on Monday he hoped inflation in the euro area would converge towards the bank's target in the coming quarters."I hope that over the next quarters, the inflation rate and inflation expectations will convergence to the target of close to but below 2 percent," Guind...Read More
* German Bund yield touches 1-month low in early trade* Draghi says slack in economy may be bigger than thought* Italian election looms on the weekend* Euro zone periphery government bond yields (Writes through with updated figures)By Dhara Ranasinghe and Abhinav RamnarayanLONDON, Feb 26 (Reuters) - Euro zone government bond yields drifted lower on Monday with Germany's benchmark Bund yield briefl...Read More
MADRID/BRUSSELS, Feb 26 (Reuters) - Spain's Economy minister Luis de Guindos said on Monday that banks in the euro zone should accelerate the reduction of bad loans on their balance sheets.The European Central Bank is currently working on a draft of new measures targeting soured loans sitting on banks' balance sheets, although it is expected to refine its proposal after fierce criticism from lawma...Read More
With bond yields stabilizing and a surge in tech and industrial stocks, the major market indexes are trading higher at midday. The Dow Jones Industrial Average (DJI) is up more than 200 points, despite a bad day for General Electric (GE) stock. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, as traders shake off a second straight drop in monthly new home s...Read More
(Adds details on cobalt asset, cobalt market, paragraphs 3-5)By Nicole MordantHOLLYWOOD, Fla., Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but not at a price that would interest the miner and so it is not planning a sale, Freeport's chief executive officer said. As a result, Freeport is looking at other opti...Read More