"The two largest economic powerhouses, the US and China, either will be at a trade war or a trade peace and in reality there's only a couple of people who know the answer to that and it isn't those of us on Wall Street," Glenview Capital Management CEO Larry Robbins told Bloomberg TV."It's going to be expected that there's some volatility into this critical week."European and Toronto market future...Read More
* GRAPHIC-2019 asset returns:* China April trade surprises - exports fall, imports grow* Focus on U.S-China trade talks (Adds closing prices, adds Nickel outlook)By Zandi ShabalalaLONDON, May 8 (Reuters) - Copper fell to a near three-monthlow on Wednesday on concerns over a potential resumption oftit-for-tat trade tariffs between the United States and Chinaahead of last-ditch negotiations.U.S. Pre...Read More
Copper output by Chilean state-owned producer Codelco recovered in March 2019 but remained depressed when compared with last year's figures, national copper commission Cochilco said on Wednesday May 8.The company produced 128,600 tonnes of contained copper during March, down by 18.30% from 157,400 tonnes in the corresponding month in 2018.But this decline was less pronounced than the 19.30% year-o...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to approximately $400,000 (the "Private Placement"). The Company intends to use the proceeds from the Private Placem...Read More
The Wednesday Market Minute Global stocks extend declines on concerns over a collapse in U.S. China trade talks and its impact on an already-fragile world economy.China's April trade data shows a surprise increase in exports, but a wider-than-expected trade deficit with the United States of $21.01 billion, adding pressure to the contentious talks this week in Washington.Europe extends declines d...Read More
This week's 900-point selloff is technically very similar to the 1000-pointer that occurred between February 25 and March 11. Both exceeded two prior lows on the daily chart, generating bearish 'impulse legs' in the process. Now, even if the Dow should recover much or most of it in the days ahead, it would not change the troubling fact that two diving feints occurred within such a short time spa...Read More
Stock bump should be very bullish for gold. I write once again that short covering and subsequent long position building will be there if gold manages to trade over $1292. If gold rises till Monday close, then I am very confident of a $1310 and $1330. Rise and fall both will be big. Silver will lag gold but will rise if supported by gold. Two big crude oil consuming nations India and China hav...Read More
Norsk Hydro will aim to create a more sustainable footprint through the life cycle of its low-carbon aluminium products and solutions, the company's new president and chief executive officer, Hilde Merete Aasheim, said this week.Aasheim took up her new position at the Norwegian aluminium producer on Wednesday May 8, replacing Svein Richard Brandtz??g whose departure was announced in Marc...Read More
Gold futures ended higher on Tuesday, posting their third straight session decline, as U.S. benchmark stock indexes freshly retreated amid apparent challenges for U.S.-China trade talks this week - negotiations that markets had generally believed to be all but signed on the dotted line. "The poor seasonal time for gold is over as we move into May and June and...increasing volatility and risk-off s...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The Turkish steel mills went quiet in the deep-sea scrap markets on Wednesday May 8 due to low demand for finished steel and the country's worsening political situation, sources told Fastmarkets.The most recent cargo booking in the deep-sea trade was on May 7. A steel mill in the Iskenderun region booked a US cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $300 per tonne and 5,000 tonnes of...Read More
Ontario's Government for the people is investing more than $350,000 in two agricultural companies in Cochrane and Timmins, creating or retaining five full-time jobs."We are committed to creating and protecting jobs and boosting local economies across Northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "By investing in agricultural projects that stimulate grow...Read More
Key data from the Wednesday May 8 pricing session in Europe. Key drivers The European ferro-titanium price was stable week on week, extending a steady trend for the fourth pricing session in a row.Scrap markets have been steady for the third consecutive week. Alloy supply worries are supporting prices despite low key trading activity in the week to Wednesday. Market sentiment is being...Read More
United States-origin bulk ferrous scrap is undercutting Japanese H2 heavy scrap in the Asian spot markets despite stable demand from buyers in recent weeks.Significant price drops in the US domestic market have led to a fall in export offers from the US West Coast, leading to lower bids from buyers in Asia. VietnamHeavy melting scrap 1&2 (80:20) was being offered at...Read More
I love when I hang with my nephew. He's seven, so I get to play Legos, watch Marvel movies, and learn new words that the kids are using these days. Spending time with him reminds me of how old I'm getting.Recently, we watched Iron Man 2 together, and he called it "garbo." My response was: What in the hell is a "garbo"?My nephew had to explain that "garbo" is simply short for garbage. I swear I fel...Read More
The Wednesday Market Minute Global stocks extend declines on concerns over a collapse in U.S. China trade talks and its impact on an already-fragile world economy.China's April trade data shows a surprise increase in exports, but a wider-than-expected trade deficit with the United States of $21.01 billion, adding pressure to the contentious talks this week in Washington.Europe opens modestly&nbs...Read More
Short-sellers are back targetting Canadian housing this earnings season. Mortgage and consumer lender Equitable Group (EQB) has jumped into the top 10 list of the most shorted stocks in Canada (as a % of float). As of the April 30th IIROC short report, EQB was sitting at the number seven spot. However, as short-sellers have increased their positions, likely as a bet against Canadian housing, our...Read More
Demand for flat steel in Turkey failed to improve in April, with most prices moving downward and with demand unlikely to improve significantly this month, market participants told Fastmarkets on Wednesday May 8.Local producers have filled their order books until late June, they added.The price decreases in April were because of the weak demand in both the local and export markets.Mayoral elections...Read More
China's hot-rolled coil prices weakened on Wednesday May 8 amid persistently thin trading.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($599-601) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,920-3,950 yuan per tonne, widening downward by 20 yuan per tonneMarket participants said mills lowered their offers during the day in response to recent days' sluggish buying.But this...Read More
* Strikes expected in major U.S. cities * Uber due to IPO on Friday(Adds details from San Francisco)By Kate Holton and Jane Lanhee LeeLONDON/SAN FRANCISCO, May 8 (Reuters) - Uber drivers inLondon and major U.S. cities held a series of strikes onWednesday to protest the disparity between gig-economyconditions and the sums that investors are likely to make inFriday's blockbuster stock market debut.P...Read More