By Trevor HunnicuttNEW YORK, Feb 23 (Reuters) - A company behind U.S.-based funds tied to Wall Street's "fear gauge" is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument.Investors' once-profitable wagers on low or stable market volatility met a catastrophic end on Feb. 5 as products indirectly linked to that...Read More
BEIJING, Feb 24 (Reuters) - Property price growth in China was "stable while slightly lower" in January, the nation's statistics bureau said in a statement on Saturday, as data showed prices in eleven major cities fell year on year.Last month, Beijing's new home prices rose 0.2 percent month on month, while Shanghai and Guangzhou prices fell 0.4 percent and the market in Shenzhen was unc...Read More
CloseGain/LossOn WeekGold $1329.30-$2.20-1.44%Silver$16.52-$0.09-0.96%XAU80.53+0.64%-3.24%HUI176.71+0.49%-4.46%GDM613.86+0.90%-2.83%JSE Gold1089.59-10.40-9.51%USD89.92+0.15+0.86%Euro122.99-0.30-0.91%Yen93.77-0.08-0.24%Oil$63.55+$0.78+3.03%10-Year2.867%-0.055-0.14%Bond144.125+1.00-0.11%Dow25309.99+1.39%+0.36%Nasdaq7337.39+1.77%+1.35%S&P2747.30+1.60%+0.55% The Metals: Gold fell $5.70 to $132...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort257,20566,28367,636154,913369,791479,754503,710Change from Prior Reporting Period 5,345-9,9713,3944,06624,40812,80517,831Traders17877754658262177 Small Speculators LongShortOpen Interest 48,40024,444528,154 3,604-1,42216,409 non reportable positionsChange from the previous report...Read More
BEIJING, Feb 24 (Reuters) - China's central bank said it will skip open market operations on Saturday as liquidity levels in the banking system were "appropriate". (Reporting by Josephine Mason and Pei Li; Click on the following for historical data on:; PBOC repo issues: ; PBOC repos outstanding: ; PBOC bill issues: ; PBOC bills outstanding: ) Disclaimer: The views expressed in this art...Read More
FRANKFURT, Feb 24 (Reuters) - Latvian lender ABLV Bank is failing or likely to fail and will be wound up by local authorities, the European Union's Single Resolution Board said in a statement on Saturday."Following the decision by the European Central Bank to declare ABLV Bank, AS and its subsidiary ABLV Bank Luxembourg S.A. as 'failing or likely to fail', the Single Resolution Board has deci...Read More
Despite the bullish setup on the gold monthly chart, a bullish breakout remains elusive. However, the Bollinger band study (20MA, Std. Dev. of 2) indicates the breakout will likely happen soon. Monthly chart Gold rose to four figures (above $1,000) in March 2008 and since then the gap between the upper Bollinger band and the lower Bollinger band has ranged from $760 (March 2014) to $194 (November...Read More
Feb 24 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 26-FebItaly Bills auction 27-FebJapan Auction of 2-year government bonds 27-FebItaly Medium-long term auction 27-FebBelgium Auction of Treasury bills 28-FebGermany Auction of 1...Read More
Feb 24 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 26 BRUSSELS - ECB Pr...Read More
Member of the European Parliament L?-dia Senra filed a complaint before the European Commission denouncing the breach of a tailings pond in the Touro municipality, located in the Galicia autonomous community, northwestern Spain.The tailings pond was part of an old copper/gold mining complex operated by the Mining and Metallurgical Society of Pe??arroya and R?-o Tinto Pati??o. According to the MEP,...Read More
By Jonathan Spicer and Ann SaphirNEW YORK/LOS ANGELES, Feb 23 (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low.In the midst of an unprecedented leadership transition, Fed officials are publicly deba...Read More
Fed to Stay the Course, At Least Until Next WeekToday the Federal Reserve released its "Monetary Policy Report" to members of the Senate and House of Representatives. The summary indicated that the economy as well as the labor market continues to grow, and inflation remains below their long-term objective of 2%.According to today's report, "Economic activity increased at a solid pace over the seco...Read More
WASHINGTON, Feb 23 (Reuters) - The White House said on Friday that President Donald Trump had not yet made a final decision about whether to impose steep global tariffs on steel imports."No final decisions have been made. As with every decision he makes, the security of the American people and the American economy will be the president's primary concerns while he considers his potential optio...Read More
(Repeats without change)By Jonathan SpicerNEW YORK, Feb 23 (Reuters) - Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch.In the midst of an unprecedented leadership transition, Fed officials are publicly d...Read More
* Stein suggests products not suitable for retail investors* Chairman Clayton says he is looking into products (Adds SEC chairman remarks, paragraphs 8-11)By Pete Schroeder and Michelle PriceWASHINGTON, Feb 23 (Reuters) - A Democratic commissioner at the U.S. Securities and Exchange Commission on Friday questioned the growing use of complex financial products by retail investors such as derivative...Read More
Scientists at the Fraunhofer Institute for Laser Technology ILT in Aachen, Germany, want to build a machine that is able to disassemble two mobile phones in one minute and remove its components to, later on, extract metals from them.The process is known as urban mining and it aims to recover raw materials such as copper, silver, gold, neodymium, and tantalum from old electronic devices. The metals...Read More
(Adds commentary from analyst, rival company CEO)By Salvador Rodriguez and Laharee ChatterjeeFeb 23 (Reuters) - Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.The San Francisco-based company, which started as a free service to share and store photos, music and other large files,competes with m...Read More
(Adds details, analyst comment, bylines, table)By Gertrude Chavez-Dreyfuss and Saqib Iqbal AhmedNEW YORK, Feb 23 (Reuters) - Speculators' net short dollar bets slipped to a seven-week low this week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as investors priced in more interest rate increases by the Federal Reserve.The value of the net sh...Read More
(Adds details, updates to close)TORONTO, Feb 23 (Reuters) - Canada's main stock index closed at a three-week high on Friday, with energy companies leading gains across the board on higher oil prices.* The Toronto Stock Exchange's S&P/TSX composite index rose 130.28 points, or 0.84 percent, to 15,638.45.* The energy group gained 1.5 percent. * Energy-related companies Enerplus Corp , CES Energy...Read More