BERLIN, Oct 16 (Reuters) - Germany’s economic outlook is clouded by an escalating trade dispute between the United States and China and by the growing threat of Britain crashing out of the European Union without a divorce deal, the ZEW institite said on Tuesday.“Expectations for the German economy are dampening above all due to the intensifying trade dispute between the USA and China,&...Read More
China's auto output and sales both fell 12% on a year-on-year basis in September, though both were higher than the prior month's levels.China produced 2.36 million vehicles last month, down 11.7% from the 2.67 million units produced in September 2017, the China Association of Automobile Manufacturers (CAAM) said on Friday October 12.Yet on a month-on-month basis, last month's output was up 17.8% f...Read More
* Tria backing boosts hopes he will stay on in govt* Italian yields down 6-16 bps across the board* Italy/Germany yield spread tightens to 292 bps* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates pricing, adds quotes and results of Finland auction, ZEW survey)By Abhinav Ramnarayan and Virginia FurnessLONDON, Oct 16 (Reuters) - Italian government bond yields dropped across the boa...Read More
This could soon be the backbone of America's electrical grid.What would the perfect mining stock for this market look like?First, it would be an incredibly rare element... one with limited supply.Second, it would be an element now under the radar... but about to break out with predictable demand.Third, there should be a company working toward a virtual monopoly on this element...And these three th...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2018 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
The Nasdaq outperformed alongside a bounce in techU.S. stocks closed significantly higher in today's trading, with bullish sentiment stoked by impressive corporate earnings. Specifically, a strong post-report rally from UnitedHealth (UNH) helped send the Dow more than 567 points higher at its intraday peak, while traders also cheered results from big-cap names like Goldman Sachs (GS) and Johnson &...Read More
CAPE TOWN, Oct 16 (Reuters) - South Africa expects Moody'sto release its ratings review after next week's medium termbudget policy statement (MTBPS), Dondo Mogajane, the directorgeneral of the National Treasury said on Tuesday.Mogajane said he met Moody's representatives at aninternational financial conference in Bali last week and toldReuters that the ratings agency "will obviously get back...Read More
STLD will report earnings after tomorrow's closeShares of Steel Dynamics, Inc. (NASDAQ:STLD) are down 1.6% at $40.02 in afternoon trading, extending yesterday's analyst-induced sell-off. Credit Suisse slammed a number of steel stocks on Monday, and downgraded STLD to "neutral" from "outperform." The brokerage firm also slashed its price target to $51 from $55, saying rising interest rates could...Read More
China's ferrous futures trended upward during morning trading on Tuesday October 16, recovering from a drop during the Monday night session.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,157 yuan ($601) per tonne, up 31 yuan per tonneJanuary hot rolled coil: 3,975 yuan per tonne, up 49 yuan per tonneDalian Commodity Exchange January iron ore: 510.50 yuan per to...Read More
The cloud stock was off as much as 14% earlierThe shares of Twilio Inc (NYSE:TWLO) are sinking today, after the cloud developer said it is buying mass emailing specialist SendGrid (SEND) in an all-stock deal valued at roughly $2 billion. After surrendering as much as 14% in early trading -- sending it straight to the short-sale restricted (SSR) list -- TWLO stock was last seen down 3.9% at $73.20....Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More
Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More
NAIROBI, Oct 16 (Reuters) - China is likely to boost importsfrom African countries as it seeks new sources of commodities inthe wake of a trade war with the United States, a seniorexecutive of Standard Chartered Bank in China said.Trade links between the Asian economic powerhouse andAfrican nations like Kenya have been growing robustly in recentyears, offering opportunities to lenders who serve Ch...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we’ll hear a wonderful interview with first time guest Dr. Stephen Leeb of Leeb Capital Management. Dr. Leeb weighs in on what he believes will be a major fly in the ointment for the U.S. when it comes to the trade war with China and also tells us if he’s still holding onto the thought that we’ll s...Read More
TOKYO, Oct 16 (Reuters) - No country would benefit from anyescalation in global trade tensions that were fueled by theUnited States' push this year to impose tariffs, the head ofAustrian steelmaker Voestalpine AG said on Tuesday."If we build up trade barriers, there will be only losers,"Chief Executive Wolfgang Eder told Reuters on the sidelines ofthe World Steel Association's general as...Read More
Near-term MTCH options are pricing in low volatility expectations at the momentOnline dating name Match Group Inc (NASDAQ:MTCH) has put in a strong performance this year, up almost 72%. More recently, the stock pulled back during last week's broad-market sell-off, but found support near $50, which is home to its April highs. The shares quickly recovered -- gaining 1.9% on Thursday, when the Nasdaq...Read More
Lowe's pullback last week could have bullish implicationsLast week, Lowe's Companies, Inc. (NYSE:LOW) moved 3.9% lower with the broad market sell-off, extending its weekly losing streak to three. In the aftermath of Hurricane Michael, though, home repair supplies could be in high demand, which would drive the stock higher. As such, the recent pullback puts LOW in territory of a trendline with h...Read More
PYPL shares are getting a boost todayU.S. stocks are soaring today thanks to strong quarterly earnings results. Three names that are joining in on the rally and trading higher following bullish analyst attention are digital payments specialist PayPal Holdings, Inc. (NASDAQ:PYPL), semiconductor concern Marvell Technology Group Ltd. (NASDAQ:MRVL), and blue chip The Coca-Cola Co (NYSE:KO). Below is a...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More