Feb 15 (Reuters) - Australian shares are set to move slightly higher at Thursday's open, following a positive end to Wednesday on Wall Street and higher commodity prices.Oil prices rose on Wednesday after U.S. crude stocks rose less than expected while iron ore futures in key market China climbed to their strongest in three weeks. In the U.S., the S&P 500 gained 1.34 percent. The local share p...Read More
Feb 15 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,841.200-14.700 NZX 50**8,058.800-63.420DJIA**24,893.28252.83NIKKEI**21,154.17-90.51Nasdaq**7,143.615130.105 FTSE**7,213.97 45.96S&P 500** 2,698.69 35.75 Hang Seng** 30,515.6 676.07SPI 200 Fut 5,84555.00 STI** 3,402.86 -12.21SSEC**3,199.4757014.5251700KOSPI** 2,421.83 26.64------------------------------------------...Read More
TORONTO, Feb 14 (Reuters) - Canada's main stock index rose on Wednesday after investor sentiment rebounded following a bullish U.S. inflation report and energy stocks rallied on strong oil prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 111.8 points, or 0.73 percent, to 15,328.27. Seven of the index's 10 main groups were in positive territory. (Reporting by J...Read More
DXY drops hard with VIX and stocks turning around. Investors seeking out safe havens. A sell-off in the greenback that is chasing the drop in the VIX below 20 leaves the DXY -0.39% that is currently trading at 89.35 within a range of between 89.327 - 90.124 for the day so far. The markets are turning around on its head with the benchmarks reversing the CPI data beat that, as expected, sent stock...Read More
(Kitco News)- While all eyes have been on gold’s massive rally Wednesday,the bigger play to come, according to some analysts, could be in silver.April gold futures, settling the session at $1,358, up more than 2% on theday, is seeing its biggest percentage gain in nearly two years. At the sametime, silver prices saw a 2% rally as March silver futures settled the sessionat $16.878 an ounce. B...Read More
Feb 14 (Reuters) - Wall Street surged on Wednesday as investors shrugged offstronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.The Dow Jones Industrial Average rose 254.38 points, or 1.03 percent, to 24,893.83, the S&P 500 gained 35.72 points, or 1.34 percent, to 2,698.65 and the Nasdaq Composite added 130.11 points, or 1.86 percent, to 7,143.62. (Rep...Read More
U.S. stocks have once again erased steep losses, and are now charging higher. Several individual names are making volatile moves, as well, including FAANG stock Netflix, Inc. (NASDAQ:NFLX), cloud communications platform Twilio Inc (NYSE:TWLO), and biotech stock DBV Technologies (NASDAQ:DBVT). Here's a closer look at what shares of NFLX, TWLO, and DBVT are reacting to today.NFLX Stock Has Been Ta...Read More
MUMBAI, Feb 15 (Reuters) - Indian wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business.Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory fili...Read More
(Changes Bridgestone to Bridgewater in 11th paragraph)* Top global hedge fund shows hand on European firms* Bridgewater founder cautioned of global confidence swing* Short positions in Germany, France hit $12 billion By John O'Donnell, Maiya Keidan and Lawrence DelevingneLONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of...Read More
BUENOS AIRES, Feb 14 (Reuters) - Argentina's central bank held its benchmark seven-day interbank lending rate at 27.25 percent on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and "mixed signals" in prices so far this year.The central bank had lowered rates in each of the prior two decisions it had taken since the South American country...Read More
XAUUSD, H4 Gold fell from $1,333.00 to $1,318.00 after the U.S. CPI, with the contract initially taking its cue from the dollar’s move higher. Since then, prices have recovered to $1,337.60 highs as risk taking levels deteriorate, resulting in safe-haven buying. Bigger picture, the hotter CPI numbers should be supportive of gold, which has historically been seen as an inflati...Read More
Feb 14 (Reuters) - Barrick Gold Corp reported adjusted fourth-quarter earnings on Wednesday in line with market expectations and forecast gold production dropping over the next four years with mining costs seen flat to higher.Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
• Firming Fed rate hike prospects prompt some aggressive selling. • USD fails to build on post-data up-move and helps recover lost ground. • Reviving safe-haven demand provides an additional boost. Gold quickly reversed the US CPI-led knee-jerk fall and is now headed towards the top end of its daily trading range. To...Read More
(Adds HSBC in para 2 and underwriting details in para 5)By Claire Ruckin and AndrewBerlinLONDON, Feb 14 (Reuters) - More banks are poised to join a US$14bn financing backing US private equity firm Blackstone Group's acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday. Bank of America Merrill Lynch, Citigroup and JP Morgan...Read More
(Adds background, quote, graphic)By Richard LeongNEW YORK, Feb 14 (Reuters) - U.S. interest rates futures fell on Wednesday as stronger-than-forecast increases in domestic consumer prices in January bolstered bets the Federal Reserve may raise short-term interest rates four times in 2018. Some Fed officials have insisted that stubbornly low inflation warrants a gradual pace of rate increases, eve...Read More
TUNIS, Feb 14 (Reuters) - Tunisia's central bank governor, Chedli Ayari, said on state television on Wednesday that he has officially resigned.Prime Minister Youssef Chahed had earlier asked him to step down. (Reporting by Tarek Amara; Editing by Hugh Lawson) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made e...Read More
(Adds quote, growth, deficit, debt load figures)ABIDJAN, Feb 14 (Reuters) - Ivory Coast has chosen the banks that will manage the issue of a new Eurobond - the West African nation's fourth in five years - and will announce details in the coming days, Prime Minister Amadou Gon Coulibaly said on Wednesday.Ivory Coast is one of a number of African nations - including Kenya, Nigeria and Ghana - which...Read More
Ann SaphirSAN FRANCISCO (Reuters) - Faster-than-expected inflation may complicate the task ahead for new Federal Reserve chief Jerome Powell, who chairs his first monetary policy-setting meeting next month.It’s not that the January increase in consumer prices reported on Wednesday is necessarily unwelcome news; the fact that underlying consumer prices posted their biggest gain in more than a...Read More
As we approach a long holiday weekend on Wall Street, Schaeffer's Senior Quantitative Analyst Rocky White ran the numbers to find out which S&P 500 Index (SPX) components tend to fare the best -- and worst -- during the post-Presidents Day trading week. Among the names with notable mid-February returns are travel sector cohorts Priceline Group Inc (NASDAQ:PCLN) and United Continental Holdings Inc...Read More