A Swedish study found that just 7.3 percent of Stockholmers developed COVID-19 antibodies by late April, which could fuel concern that a decision not to lock down Sweden against the pandemic may bring little herd immunity in the near future.Continue...Read More

NLMK, Russia's largest steelmaker, has started hot testing the new beneficiation section at its Stoilendkiy mining and beneficiation plant, the company said on May 22.The new additional beneficiation section will enable Stoilensky to increase its concentrate output from 17.5 million tonnes per year to 20 million tpy, while its ore processing capacity will move up to 42 million tonnes by 2021 from...Read More

China's domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($500-503) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,550-3,600 yuan per tonne, up by 130-140 yuan per tonne Chinese Premier Li Keqiang said in the morning that there would not be a gross...Read More

Prices in Southeast Asia's steel billet market remained on an upward trajectory over the past week because of improved demand from regional buyers and sustained interest from Chinese importers, sources said. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into the Philippines, was $390-397 per tonne on Friday M...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 22.China Domestic ferro-chrome spot prices rose on bullish sentiment after Tsingshan raised its June tender price by 500 yuan ($70) per tonne. The UG2 chrome ore price was underpinned by continuing disruptions in South Africa, with deals reported at higher prices. Market sentiment strengthened...Read More

The price of stainless steel in Europe was stable in the week to Friday May 22, but mills are expected to announce significantly higher alloy surcharges for June next week after Outokumpu published higher figures on its website this week.Outokumpu, which traditionally is the first to announce new surcharges each month, said its June alloy surcharge for grade-304 flat products will be ?,?1,363 ($1,...Read More

The S&P 500 and Nasdaq both finished the day with modest gains Recently renewed tensions between the U.S. and China kept the Dow at bay for most of today's trading session, and the blue chip index finally settled with a shallow loss, off less than nine points on Friday. Meanwhile, the S&P 500 and Nasdaq were able to climb modestly higher, as optimism over a potential coronavirus vaccine helped kee...Read More

52,000 calls have crossed the tape so farThe shares of FireEye Inc (NASDAQ:FEYE) are up 3.2% at $11.84 at last check. Steadily rising on the charts since a record low of $7.54 on March 17, the software company has gained support at the 30-day moving average as it struggles to topple the $12 region. In the last monthly period, FEYE sports an 11.4% gain. Options players are betting on further upsid...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The Covid-19 pandemic and the associated impacts on steel production, mining and manufacturing activity, end-use consumption, and trade and transportation continue to dominate ferro-alloy markets. US steel mills are operating at around 50% of capacity, with similarly low operating rates evident in Europe as well. Chinese ste...Read More

Aurora Cannabis did receive a price-target hike from Jefferies, thoughThe shares of Aurora Cannabis Inc (NYSE:ACB) are down 4.4% to trade at $16.44 today, after Jefferies downgraded the equity to "underperform," and raised its price target to $10 from $8.40. The analyst in coverage isn't buying the stock's recent post-earnings surge, noting "the CBD space is experiencing significant headwinds cu...Read More

Moderna's vaccine captured the attention of Wall StreetThe coronavirus pandemic is still very much a dire issue in the U.S., but economies are starting to reopen and that seems to be enough for Wall Street. The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are all cruising toward sizable weekly wins, as investors unpack a host of volatile headlines fo...Read More

The weekly 5/22 27-strike put is running the show todayThe shares of Foot Locker Inc (NYSE:FL) are near the bottom of the New York Stock Exchange (NYSE) today, last seen down 12.8% at $25.30. The sneaker retailer reported a first-quarter loss that exceeded Wall Street estimates, while revenue also missed its mark. The culprit, of course, is the store closures wrought from the COVID-19 pandemic. I...Read More

The Dow is down over 100 points middayThough all three indexes remain in the black for the week, the Dow Jones Industrial Average (DJI) is down over 100 points midday, as U.S.-China tensions mount, outweighing the positive sentiment from Director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, that a coronavirus vaccine could be available in the U.S. by December....Read More

Decker's earnings and revenue beat out analysts' estimates The shares of Deckers Outdoor Corp (NYSE:DECK) are up 10.7% at $186 at last check, following a positive fiscal fourth-quarter report. The UGG parent reported profits of 57 cents per share, much higher than the anticipated 9 cents per share estimated by analysts, as well as higher-than-expected revenue. Following this, no fewer than eight a...Read More

Palo Alto's third quarter earnings and revenue beat Wall Street's estimatesPalo Alto Networks Inc (NYSE:PANW) chimed in with earnings after last night's close, and things are looking even better for a company that's already up 40% for the quarter. The cybersecurity platformposted fiscal third-quarter earnings of $1.17 on $869.40 billion in revenue, both of which decimated Wall Street's estimati...Read More

The tractor manufacturer's fiscal second-quarter earnings and revenue topped analysts' expectationsThe shares of tractor name Deere & Company (NYSE:DE) are eyeing their third consecutive win today, up 3.1% at $147.20 in pre-market trading after the firm's fiscal second-quarter earnings and revenue beat analysts' estimates, even on a 41% drop in quarterly profits. The company blamed a sharp decline...Read More

Dr. Fauci called Moderna's possible coronavirus vaccine "promising" Dow Jones Industrial Average (DJI) futures are hovering just above fair market value this morning, as Wall Street looks to wrap up a winning week and head into Memorial Day weekend on a high note. Gains are capped as tensions between the U.S. and China increased overnight, after China released a draft legislation regarding new se...Read More

To be bullish or not to be – thatis the question. Or it might have been the question, if someonenamed Shakespeare wrote a piece titled Investhamlet.The choice whether to be bullish or bearish orneutral on a given asset should be made each day, each time based on theinformation that is currently available. Let’s check the new signs that we sawyesterday. First of all, we just saw a beari...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort295,39443,60639,245133,715423,889468,354506,740Change from Prior Reporting Period 17,6238,6634,0877,69219,33329,40232,083Traders22060846060318172 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,85121,465528,205 2,064-61731,466 non reportable positionsChange from t...Read More

By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More