One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others — all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate...Read More
Turkish steel producers continued to book deep-sea scrap for December deliveries at the beginning of this week, following the decrease in prices last week, sources said on Monday November 26.A steel mill in the Iskenderun region booked a UK cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $320 per tonne and 6,000 tonnes of shredded at $330 per tonne cfr late on November 23.After this trade, t...Read More
Turkish domestic scrap prices have continued to weaken over the past week due to limited demand and falling finished steel values, sources said on Monday November 26.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,850 ($313-351) per tonne delivered on Monday, narrowing downward from TRY1,650-1,940 per tonne on November 19.Long steel producers...Read More
Thomas Franck| @tomwfranckPublished 14 Hours AgoUpdated4 Hours AgoCNBC.com Drew Angerer | Getty ImagesTraders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. Treasury yields rose Monday as calmer equity markets encouraged a shift away from the relative safety of U.S. government debt.The yield on the...Read More
Copper prices on New York's Comex were little changed in morning trading on Monday November 26 amid scant trading activity and few market drivers being apparent ahead of a major trade meeting.The copper price for December settlement on the Comex division of the New York Mercantile Exchange in the United States fell by 0.30 cents to $2.7635 per lb.Later this week, US President Donald Trump and Chin...Read More
A selection of uncut and unpolished emerald crystals from the Coscuez Mine, Colombia. Source: Fura Gems Inc.Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FSE] said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company's emerald and ruby assets in Colombia and Mozambique.Fura is a member of the Forbes & Manhattan Group,...Read More
Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
The three-month tin price on the London Metal Exchange stood out as the strongest performer among its peers with a gain of 1.2% this morning, Monday November 26. Three-month copper ($6,183 per tonne) and aluminium were up by 0.2%, while the rest were down by 0.3%.Volume has been average with 5,700 lots traded as at 7.30am London time. This morning's mixed performance by the LME three-month base me...Read More
The global market for electric vehicle batteries in 2025 could be 10 times bigger than in 2018, according to a report by Swiss investment bank UBS published last week.This should help to increase lithium demand by as much as four times, to drive a 41% increase in nickel consumption, and to more than double the use of cobalt over the same period, the report added.These three metals are the ones mos...Read More
* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)LONDON, Nov 26 (Reuters) - The pound steadied on Mondayafter Britain sealed a deal with the European Union on quittingthe bloc, with the currency's gains curbed by doubts aboutwhether Prime Minister Theresa May can get the agreement througha divided parliament.With European leaders endorsing on Su...Read More
Share this articleCARACAS, Venezuela - Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country's prized assets into peril.Court papers show that Venezuela on Friday began paying off $1.4 billion that a panel said was owed to the Canadian mining firm Crystallex, following a disputed takeover of the company by the late-President Hug...Read More
(Updates prices) * Palladium climbs after declining 3 pct on Friday * Speculators raise net gold short positions in week to Nov.13 * GRAPHIC-2018 asset returns: By Swati VermaNov 26 (Reuters) - Gold firmed on Monday, supported byuncertainty over the future pace of U.S. interest rate hikes andthe outcome of the G20 summit later this week when globalleaders will focus on trade tensions.Spot gold was...Read More
On Saturday, I stopped by Royal Farms to grab a cup of coffee.The guy standing in line ahead of me was there to get change after pumping gasoline.I overheard him tell the cashier, "I've got change on pump seven. I can't believe gas is only $2.25. I thought $20 would fill it."Turns out he's not the only one surprised by lower gas prices.Social media was buzzing over the weekend with posts about che...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading as the energy sector headed up amid rising oil prices, while U.S. stocks also gained ground.The S&P/TSX composite index was up 67.97 points at 15,078.70.In New York, the Dow Jones industrial average was up 343.58 points at 24,629.53. The S&P 500 index was up 33.55 points at 2,666.11, while the Nasdaq composite...Read More
In 1995, a man named McArthur Wheeler robbed two Pittsburgh banks in broad daylight.He was caught within hours.It turns out Mr. Wheeler was no criminal mastermind. Instead of wearing a ski mask or any other kind of face cover, McArthur Wheeler's only disguise was lemon juice.You read that correctly: The man put lemon juice on his face as a mask!Upon his arrest, Wheeler was confused as to why his p...Read More
Export prices for hot-rolled coil (HRC) from the Commonwealth of Independent States continued to fall in the week ended Monday November 26 under pressure from price reductions in China, which led the trend in the global markets.Fastmarkets' weekly price assessment for CIS-origin exports of HRC was $470-480 per tonne fob Black Sea on November 26. This was down by $10 per tonne week on week."Falling...Read More
We're a nation of blamers.Whenever we're confronted with a problem, the first response is to find the "guilty party."Who's going to take the fall?Who's going to be thrown under the bus?Who's going to be placed in the modern-day stockades of social media criticism while armies of vulture ambulance chasers try to steal the wallets of roadkill pawns?In the latest move to end America's opioid epidemic...Read More
Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week in a quiet market, with no new trades or negotiations heard.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on Monday November 26, flat with the prior week.No bookings were reported. As a result, market participants agreed that the trada...Read More
China's domestic hot-rolled coil prices dropped sharply on Monday November 26 after sentiment worsened over the weekend amid a softening of the key billet market.DomesticEastern China (Shanghai): 3,600-3,620 yuan ($518-521) per tonne, down 130 yuan per tonneNorthern China (Tianjin): 3,550-3,560 yuan per tonne, down 110-120 yuan per tonneThe price of billet plunged by 160 yuan per tonne over the we...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index had a tough time generating any upward movement and slid a further 23.3 points or 2% to 1083.55 making for a 6% loss in the last three weeks.MACD fell -0.1 point to -2.7 for its second down week in a row. RSI also dropped moving down 2.4 points from 30.1 to 28.77. Som...Read More