LONDON (Reuters) - Britain’s economy picked up pace during the third quarter, growing at the fastest rate since late 2016, but this may prove a high watermark ahead of Brexit, official figures showed on Friday.Gross domestic product in the three months to September was 0.6 percent higher than in the previous quarter, matching the consensus forecast in a Reuters poll of economists, figures fr...Read More
* Italy/Germany bond gap returns to above 300 bps* Bank of Italy says Italy/Germany spread must be reduced* German Bund yields fall from 2-week highs* US 2, 5-year bond yields hit decade highs after Fed meeting* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts to focus on Italy, adds quotes)By Dhara Ranasinghe and Virginia FurnessLONDON, Nov 9 (Reuters) - Italy’s bond yields...Read More
Key data for the pricing session for the week ended Friday November 9. China Domestic ferro-chrome spot prices continued to soften slightly amid ongoing weak market sentiment. The UG2 chrome ore index dropped amid low liquidity, with buyers and sellers failing to agree a price in a falling market. The imported charge chrome...Read More
(Reuters) - A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline.The rulin...Read More
(Adds background, details, quotes)ISTANBUL, Nov 9 (Reuters) - Turkey's Treasury will not holdthree of six bond auctionsoriginally scheduled for next week,it said on Friday, after its financing needs decreased due tonew savings measures and strong demand for eurobonds.The move is likely to ease some worries over Ankara'sexternal funding after a currency sell-off earlier this yearsent the lira to a...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
The DJI couldn't capitalize on strong Disney earningsThe Dow dropped over 200 points today, despite an impressive earnings beat from Walt Disney (DIS). Lackluster data out of China weighed on stocks, and traders also watched as oil prices slipped further into bear market territory. In fact, black gold dropped for a 10th straight session, marking its longest losing streak in over 30 years. Meanwhil...Read More
Ignoring select Vanguard funds can help investors make 226% more than the average Vanguard investor.With more than 180 funds to choose from, most every Vanguard investor needs advice on which funds are best for them to own. Trouble is...Vanguard tells investors to buy funds no one should own, while hiding some of their strongest funds.Wealthy investors are some of the most demanding people out the...Read More
ANKARA, Nov 9 (Reuters) - Turkey's lira weakened around onepercent against the dollar to its weakest level of the week onFriday after the U.S. Federal Reserve reaffirmed its stand ontightening monetary policy, causing markets to price in a U.S.December rate hike.The lira has recovered strongly from a plunge toa record low of 7.24 to the dollar in August, triggering heftyinterest rate hikes. Howeve...Read More
The major indexes pared gains as oil prices plummetedBlue chips showed strength this week, with an earnings-induced bull gap for big-cap energy name Chevron (CVX) getting the bullish ball rolling on Monday. Wall Street's positive reaction to midterm election results in the U.S. only created bigger tailwinds, with the insurance sector seeing notable gains after several states voted to expand Medica...Read More
* Europe's STOXX down 0.4 pct * Miners, autos, oil stocks tumble * Thyssenkrupp sinks 9 pct after profit warning* Luxury stocks suffer from weak Richemont results (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, Nov 9 (Reuters) - European shares slipped on Fridayas mining and oil stocks sold off and weak results fromThyssenkrupp and Richemont weighed on sentiment.The pan-Europ...Read More
Trump called the Keystone ruling 'a disgrace'The U.S. stock market is lower today, as oil prices head for a 10th straight loss. Among individual names making big moves are oil-and-gas issue Canadian Natural Resources Ltd (NYSE:CNQ), bobblehead maker Funko Inc (NASDAQ:FNKO), and money transfer provider MoneyGram International Inc (NASDAQ:MGI). Here's a quick roundup of what's moving shares of CNQ,...Read More
CloseGain/LossOn WeekGold $1209.90-$14.00-1.88%Silver$14.17-$0.26-3.93%XAU64.16-1.88%-4.51%HUI143.41-1.61%-4.04%GDM529.60-1.47%-3.05%JSE Gold1098.11-23.50-3.09%USD96.90+0.22+0.47%Euro113.39-0.22-0.49%Yen88.03+0.06-0.43%Oil$60.19-$0.48-4.67%10-Year3.190%-0.050-0.78%Bond137.875+0.6875+0.52%Dow25989.30-0.77%+2.84%Nasdaq7406.90-1.65%+0.68%S&P2781.01-0.92%+2.13% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,141150,115103,258173,897212,033446,296465,406Change from Prior Reporting Period 387-5,44511,7988,04014,97120,22521,324Traders16593905852269194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,61529,505494,911 -255-1,35419,970 non reportable positionsChange fr...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekWith Brexit around the corner and stock markets plunging in October - is now the time to invest in gold is asked by This Is Money this week. They kindly mention GoldCore as a leading "online bullion dealer" of physical gold (bars and coins) and informed their readers how "buyers can ask to have it stored, for a charge, or delive...Read More
Two analysts are recommending to buy KPTI after yesterday's dropYesterday, Karyopharm Therapeutics Inc (NASDAQ:KPTI) closed down 3.1% following the company's third-quarter results. However, not everyone's throwing in the towel on KPTI. In fact, Wedbush just moved in and upgraded the shares to "outperform" from "neutral" based on its belief that the shares are at an "attractive entry point." And th...Read More
A December interest rate hike is more or less a done deal. Chances of an interest rate hike in March next year will be high. All in all this is US dollar positive news. Gold and silver new investors will be waiting for more correction. Indian gold demand will be dependent on price trend. Right now the trend for gold price in India is down. The trend of the Indian rupee against the US dollar effe...Read More
One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More