Import prices for stainless steel in East Asia largely softened over the past week amid reduced offers from most exporters coupled with a lack of improvement in regional demand.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,060-2,140 per tonne cif East Asia for the week ended Wednesday October 24, narrowing from $2,050-2,150 per tonne cif a week earl...Read More
BERLIN, Oct 25 (Reuters) - Non-tariff trade barriers between the European Union and Turkey must be eliminated, German Economy Minister Peter Altmaier said on Thursday.Altmaier made the comments at a joint news conference with Finance Minister Berat Albayrak in Ankara. Altmaier also said discussing the European Union's customs policy with Turkey was a complicated process and there was a need for mo...Read More
BERLIN, Oct 25 (Reuters) - The German government's tax revenues this year should be 2.5 billion euros ($2.86 billion) higher than previously thought, estimates released by Finance Minister Olaf Scholz on Thursday showed.The estimates showed the federal government expects tax revenues of 321.3 billion this year, which will rise gradually in each of the next four years to reach almost 368 billion eu...Read More
BEIJING (Reuters) - China’s foreign ministry has some suggestions for the Trump administration if they are worried about foreign eavesdropping on the U.S. president’s iPhone: use a Huawei handset instead.Or just sever ties with the outside world completely.The riposte came after a New York Times report that Chinese and Russian spies often secretly listened in on President Donald Trump...Read More
RIYADH (Reuters) - Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi.Over two dozen top officials and executives from the United States and Europe, including U.S. Treasury Secretary Steven Mnuchin and chief...Read More
The S&P 500 snapped its lengthy losing streak as stocks roared backStocks bounced back in a big way today, with the Dow finishing 401 points higher thanks to a strong earnings reaction from blue-chip tech giant Microsoft (MSFT). Yesterday's steep losses were largely clawed back, as markets today rallied on a combination of positive quarterly reports and well-received economic data. The S&P 500 fin...Read More
SEOUL (Reuters) - Hyundai Motor Co’s (005380.KS) third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday.The unexpected costs relating to Hyundai’s engine recalls came on the heels of mounting U.S. pressure to respond to reports of vehicles catching fires.T...Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventio...Read More
The brokerage firm upgraded a number of homebuilding stocksHomebuilding stocks have taken a hit lately amid an onslaught of dismal housing data. The sector is higher today, though, on an upbeat pending home sales report and a bull note from Evercore ISI. The brokerage firm said to buy the weakness on housing stocks, and upgraded several names in the group to "overweight" from "inline," including K...Read More
* LME copper on-warrant inventories tumble to lowest since2005 * Nickel touches lowest since December * Aluminium pulls off six-month low(Updates with closing prices)By Eric OnstadLONDON, Oct 25 (Reuters) - Copper prices bounced on Thursdayfrom two-week lows as a sharp drop in inventories to theirlowest in a dozen years outweighed worries about sliding stockmarkets and the potential for slower glo...Read More
Blue chips Exxon Mobil and Chevron will report earnings on FridayIt will be another busy week, with the latest batch of jobs data trickling in, including Friday's monthly payrolls report. Earnings season continues to heat up, too, with FAANG members Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. (NASDAQ:FB) set to report -- and Apple is expected to unveil a new line of products on Tuesday. Several Ap...Read More
(Adds detail)BEIJING, Oct 25 (Reuters) - China's finance ministry said onThursday it will adjust tax rebates on a wide range of exportproducts including soymeal, a widely used animal feedingredient, from Nov. 1.China is scrapping the soymeal export rebate even as itseeks to reduce consumption of soymeal by its huge livestockherd after slapping a 25 percent tariff on imports of soybeansfrom its No....Read More
MRVL, PPG, and LPT are joining in on the broad-market gainsU.S. stocks are on the rebound today, the Dow trading up more than 350 points at midday. Three names in particular making strong moves to the upside are semiconductor issue Marvell Technology Group Ltd. (NASDAQ:MRVL), paint supplier PPG Industries, Inc. (NYSE:PPG), and real estate investment trust (REIT) Liberty Property Trust (NYSE:LPT)....Read More
CloseGain/LossGold $1230.30-$2.30Silver$14.62-$0.05XAU64.72-4.86%HUI143.41-6.05%GDM529.19-4.34%JSE Gold1200.51-9.70USD96.63+0.26Euro113.75-0.23Yen89.02+0.02Oil$67.33+$0.5110-Year3.124%+0.020T-Bond138.65625-0.125Dow24984.55+1.63%Nasdaq7318.34+2.95%S&P2705.57+1.86% The Metals: Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then...Read More
- Is Dublin's property market heading for a soft landing?- Increasing fears the latest housing boom could foreshadow another slump as reported in the Financial Times- 68 per cent of prime properties in Dublin 4 and 6 have cut prices- "I doubt it will be 'soft' ... My suspicion is that it'll hurt like hell..." warned Karl Deeter of Irish Mortgage BrokersExcerpt via FT:Over the past five year...Read More
GLUU is trading higher amid heavy volumesThe shares of mobile game maker Glu Mobile Inc. (NASDAQ:GLUU) are rallying today, with some pointing to a very bullish presentation from Stansberry Research that suggested the stock could rise exponentially. Whatever the reason, GLUU is trading 12.6% higher at $6.32, with volume already at the highest point in over a year. Meanwhile, options are also seein...Read More
Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?Only One Notch Above Being JunkItalian drama continues. On Friday, Moody’s, one of the most significant rating agencies in the world, downgraded the Italian credit rating from Baa2 to...Read More
BUENOS AIRES, Oct 25 (Reuters) - Argentina's lower house ofCongress approved President Mauricio Macri's austere 2019 budgetbill early on Thursday, a political victory for the first termleader as he tries to make steep spending cuts demanded by theInternational Monetary Fund.The spending plan now goes to the Senate, where it isexpected to be voted on next month. Up for re-election in 2019,Macri neg...Read More
The Dow and Nasdaq are higher, tooThe Dow Jones Industrial Average (DJI) is on the rebound today, up more than 350 points as earnings season hits high gear. A positive reaction for Microsoft's (MSFT) quarterly results has the tech stock at the top of the Dow, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both confidently higher as well, with the former set to snap its six-day los...Read More