DB has shed roughly half its value in 2018The shares of Deutsche Bank AG (NYSE:DB) are down 3.3% to trade at $9.56 this morning after it was reported German authorities raided the company's offices early this morning, in connection to a money laundering investigation. Two staff members were allegedlysetting up offshore firms as part of what's been dubbed the "Panama Papers." On the charts, Deuts...Read More
Gold rallied as the dollar and yields both sold off yesterday on the back of the surprisingly less hawkish comments from the Federal Reserve Chairman. The metal has started today’s session slowly, as there hasn’t yet been a significant follow-through in the dollar’s selling. Clearly some speculators are holding fire until the G20 summit is out of the way. However, we think that t...Read More
Base metal prices on the London Metal Exchange made gains on Thursday November 29, following a rise in crude oil futures, but market sentiment remained uncertain with commodities facing macro-economic headwinds.Brent crude oil prices were firmer in afternoon trading, up by $1.80 to $60.16 per barrel. The recent low was $58.38 per bbl.For base metals, nickel was the highlight, with the three-month...Read More
The latest news and price moves to start the Asian day on Friday November 30.Base metal prices on the London Metal Exchange registered some gains on Thursday November 29 following a rise in crude oil futures but market sentiment remained uncertain, with commodities facing macroeconomic headwinds. Read more in our live futures report.Here are how prices looked at the close of trading:Nors...Read More
The latest metal markets news and price moves to start the North American day on Thursday November 29.Base metal prices on the London Metal Exchange were higher during morning trading, with market confidence boosted by US Federal Reserve chairman Jerome Powell saying that the central bank may soon be in a position to pause the interest rate hikes. Rising 2.27%, LME three-month tin traded the most...Read More
The shares are running into familiar resistance, thoughThe shares of Tonix Pharmaceuticals (NASDAQ:TNXP) have shot up 76.57% to trade at $6.71, on news the Food and Drug Administration (FDA) approved the drugmaker's late-stage study for its post traumatic stress disorder (PTSD) treatment. The trial will launch in the first-quarter of next year, with preliminary data expected in the first half of 2...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Thursday November 29.Base metals prices on the Shanghai Futures Exchange staged a broad-based recovery during Asian morning trading on Thursday, recovering from the previous day's weakness on a softer dollar.Tin was the sole exception to the firmer tone seen across the rest of the SHFE base me...Read More
• Powell’s overnight dovish comments helped stage a goodish recovery. • Declining US bond yields offset positive equities/a modest USD bounce. • The FOMC Nov. meeting minutes to provide a fresh directional impetus. Gold edged higher for the second consecutive session on Thursday and is currently placed at the top end of it...Read More
Published 19 Hours AgoUpdated3 Hours AgoReuters Chris Ratcliffe | Bloomberg | Getty ImagesCanadian maple leafs sit on the faces of one ounce gold coins in this arranged photograph at Gold Investments Ltd. bullion dealers in London, U.K., on Tuesday, July 15, 2014. Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the U.S. Federal Res...Read More
Yesterday was the Dow's best session since MarchDow Jones Industrial Average (DJIA) futures are signaling a pullback, after the index enjoyed its best session since March yesterday. The optimism generated from Fed Chair Jerome Powell's dovish comments on interest rates has seemingly worn off, replaced by tension ahead of this weekend's G-20 summit, where U.S. and Chinese leaders are expected to...Read More
The American dollar – gold's biggest nemesis – is no the defensive, courtesy of Powell's dovish comments. Still, gold is struggling to beat the resistance if the trendline connecting the Oct. 26 and Nov. 7 highs. Gold is currently trading at $1,222, having clocked a high of $1,227 in the overnight trade. Fed Chair Powell, at 17:00 GMT yesterday, said the interest rates are &q...Read More
The Dow components are enjoying bullish analyst notes this morningBoeing Co (NYSE:BA) yesterday gained nearly 5% amid the broad-market tailwinds, closing atop its 10-day moving average for the first time in over two weeks, while technical traders may have also noticed a quick rebound back above the longer-term 320-day moving average, as well. Prior to Nov. 19, the shares had not closed below this...Read More
Early investors could see a windfall as this invention unlocks $15.7 trillion in revenue.It's been called humanity's last invention...The "king of disrupters."And "the most important conversation of our time."Insiders are already predicting it will have a bigger economic impact than the steam engine, electricity and the internet...The World Economic Forum claims it will usher in the "4th industria...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture theperfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
London Metal Exchange members are considering a multitude of ways to continue to service their EU clients in the event that a financial services deal is either not forthcoming or does not go far enough when the UK finally leaves the European Union. Some companies have even told their LME sales teams they need to be prepared to move to another major European city to be able to legally service their...Read More
When purchasing silver bullion, you need to consider the shipping costs, where the bullion can be stored, and if you want bullion in bars or coins. There are companies that will offer silver bullion free shipping during free shipping promotion dates, but most companies will require a shipping cost. Research companies on the internet to find the best prices for silver bullion as well as possible sh...Read More
Although the price of silver is not as volatile as some metals and stocks, it does vary and there are factors that cause the price to either increase or decrease. Silver is of lower investment value and demand than gold, but the rising commercial, individual and industrial demands for silver are producing higher prices in recent years.1.The first factor is US dollar stability. If the dollar is str...Read More
When buying silver bullion online, the convenience is remarkable, but you do need to make sure you are working with repeatable silver coin buyers and looking at the best prices for buying precious metals. You can use online precious metal brokers to find the best places to own and store your investments and most brokerage houses take different currencies and are open 24 hours a day and seven days...Read More
Many precious metals experts recommend that even your precious metals portfolio should be well diversified and include a wide range of investment mechanisms like physical bullion, silver ETF, mutual funds and silver mining stocks.Below we present a list of top 10 silver stocks to watch that silver stock market analysts recommend.1. Silver Wheaton Corp (SLW) is Canada's most performing silver stock...Read More
Base metal prices on the London Metal Exchange made gains on Thursday November 29, following a rise in crude oil futures, but market sentiment remained uncertain with commodities facing macro-economic headwinds.Brent crude oil prices were firmer in afternoon trading, up by $1.80 to $60.16 per barrel. The recent low was $58.38 per bbl.For base metals, nickel was the highlight, with the three-month...Read More