WASHINGTON (Reuters) - U.S. law enforcement and intelligence agencies said on Friday they remain concerned about attempts by Russia, China, Iran and other foreign groups to interfere with congressional elections next month and the presidential election in 2020.The Office of the Director of National Intelligence, Justice Department, FBI and Department of Homeland Security said they do not have any...Read More
WASHINGTON (Reuters) - A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve.The decision by the Financial Stability Oversight Council could cut regulatory costs at Prudential, which no longer will have to meet enhanced capital and liquidity st...Read More
Two former Deutsche Bank AG traders were found guilty of trying to rig a key lending benchmark that was considered one of the most important barometers of the world's financial health. Matthew Connolly, who led Deutsche Bank's DB, -0.46% pool trading desk in New York, and Gavin Campbell Black, a former derivatives trader who worked on the bank's London desk, were convicted Wednesday of conspira...Read More
CHICAGO (Reuters) - A sharp jump in U.S. farmers seeking operating and equipment loans of at least $1 million fueled a spike in agricultural lending in the third quarter of 2018, as trade worries added to economic strain in the farm sector, the Federal Reserve Bank of Kansas City said on Friday.The increase in the size of loans also boosted the share of agricultural lending at large banks, adding...Read More
NEW YORK (Reuters) - The Bank of England is preparing Britain’s financial system for the consequences of a “disorderly, cliff-edge” Brexit, however unlikely that may be, Governor Mark Carney said on Friday.With little more than five months to go until Britain leaves the European Union, London and Brussels have yet to finalize the terms of their divorce, leaving open the possibili...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold's explosive rally over the last couple of trading sessions is unlikely to continue. That's because the rally is not built on a solid sentiment foundation. Instead of beginning against a backdrop of widespread pessimism and investor despair, this rally began when the mood among gold market-timers was already surprisingly upbeat. According to contrarian analysis, this means that the current ral...Read More
MACON, Ga. (Reuters) - U.S. Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday.Asked about the risks to the U.S. economic outlook at an event in Macon, Georgia, Bostic mentioned geopolitical risks generally, the Brexit...Read More
(Reuters) - U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia.Consumer goods bellwether Procter & Gamble (PG.N) reported a surprise rise in first-quarter sales, sending its shares up 6.8 percent and boosting the consumer staples .SPLRCS...Read More
Base metal prices ended the trading week weakly on the London Metal Exchange, with aluminium, zinc and lead all down on the previous day.The three-month zinc price dropped by 2.1% to $2,626 per tonne at the LME 5pm close - this was the contract's first daily drop in five days.Lead closed at $1,992 per tonne and aluminium $2,003 per tonne, both down $10 from their Thursday closing levels.The LME's...Read More
* China quarterly GDP data slowest since financial crisis * Zinc stocks on SfHE jump 23 percent over the last week * 2018 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Oct 19 (Reuters) - Copper rose on Friday and nickelprices rebounded from a one-month low after regulators in Chinapledged support for firms with liquidity issues brought on bymonths of slowing growth.Both metals ende...Read More
NEW YORK (Reuters) - Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds.The benchmark Italian bond yield rose to 4-1/2 year highs and the euro touched a 10-day low before rebounding as the European Union called Rome’s draft budget an “unprecedented” bre...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
A meeting in Brussels next week will discuss whether four chemical compounds irreplaceable in the production of lead batteries should be banned, effectively spelling the end for the technology in the region. The proposal for an in-effect ban is part of Reach, a European Union regulation concerning the Registration, Evaluation, Authorization and restriction of Chemicals that came into force in 2007...Read More
SAN FRANCISCO (Reuters) - The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.After worries about higher interest rates sparked a steep sell-off in early October and again on Thursday, the S&P 500 remains down 5 percent...Read More
(Reuters) - U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.Consumer goods bellwether Procter & Gamble (PG.N) reported a surprise rise in first-quarter sales, sending its shares up 7.2 percent and boosting the consumer staples .SPLRCS ind...Read More
Adam HamiltonArchivesOct 19, 2018 The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
NEW YORK (Reuters) - The euro recovered from one-week lows against the U.S. dollar on Friday as investors took profits on bets against the currency, after it was burdened this week by concerns about Italy’s spending proposals and Britain’s plans to exit the European Union.The single currency had dropped after the European Commission on Thursday sent Rome a letter calling a draft budge...Read More