The price of stainless steel flat products in Europe was unchanged this week but lower prices are expected in light of poor demand and high stock levels, sources told Fastmarkets on Friday December 13. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,130-2,150 ($2,372-2,394) per tonne...Read More

The "phase one" trade agreement failed to spark a big reaction in stocksThe Dow cooled off today, following Thursday's big win, despite headlines that the U.S. and China agreed to a "phase one" trade deal. The agreement, which will ease back some U.S. tariffs on Chinese goods, and boost Beijing's purchases of U.S. agricultural products, left Wall Street unimpressed however, as many felt the deta...Read More

ADBE stock is popping today after a strong earnings reportOptions volume is running quick on Adobe Inc (NYSE:ADBE) stock today, as the shares surge in the wake of the Photoshop maker's earnings report. In its fiscal fourth quarter, ADBE recorded an adjusted profit of $2.29 per share on $2.99 billion in revenue -- more than analysts were expecting. This is offsetting a lower-than-anticipated curren...Read More

REGN stock has gained 33% in the past 3 monthsRegeneron Pharmaceuticals Inc (NASDAQ:REGN) has been rallying hard since its lows near $270 from early October, checking in 0.9% higher today at $375.40 -- which would be its best close since April -- after Credit Suisse this morning upgraded its rating to $400 from $340. This comes after REGN stock broke through the 320-day moving average last month,...Read More

Investors waited and reacted to the Fed decision and trade headlinesThis past week was full of waiting and reacting on Wall Street. Stocks struggled for direction both before and immediately after the mid-week Fed decision to hold interest rates steady. But then investors once more resumed their unpacking of the latest U.S.-China trade headlines. Reports of a "phase one" deal nearing completion se...Read More

Stocks hit record highs early but have since turned redStocks are lower today despite the U.S. and China agreeing to a phase one trade deal. Details from the deal -- which still needs to be signed -- include the Trump administration rolling back some of the existing tariffs on China, while China plans to increase agricultural purchases from the U.S. The Dow Jones Industrial Average (DJI), S&P 500...Read More

SRPT is buzzing on the FDA's change of heartDrug maker Sarepta Therapeutics Inc (NASDAQ:SRPT) is soaring this morning, up 33% at $132.50. The company's Duchenne Muscular Dystrophy (DMD) treatment was approved by the Food and Drug Administration (FDA), a surprise considering the FDA rejected the drug back in August. Sarepta had repealed the FDA's decision, leading to today's shocking win. Also of...Read More

NVDA is touching new highs despite the trade uncertainty Analog Devices, Inc. (NASDAQ:ADI) and Nvidia Corporation (NASDAQ:NVDA) are both in focus this morning due to confusion about whether there's actually be legitimate progress in U.S.-China trade relations. As such, the shares are struggling to capitalize on price-target hikes out of SunTrust Robinson, which sees chip stocks ADI and NVDA going...Read More

The gold miners’ stockshave largely been consolidating high following last summer’s powerful upleg.  That resilience has left sentiment relativelybullish, with traders mostly expecting this sector to soon start surging again. But the jury is still out on whethergold stocks will be lucky enough to evade a bigger correction.  Major downside risks still abound, primarilyin...Read More

There's plenty of optimism around SNAP to be unwoundThe shares of Snap Inc (NYSE:SNAP) are up 1.8% to trade at $14.72 this morning, after JMP Securities upgraded the Snapchat parent to "market outperform" from "market perform." While also setting a price target of $20, the analyst in coverage expressed confidence in the company's ability to grow its user base and drive engagement forward.Despite m...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 329,16958,249101,409203,374505,657633,952665,315 Change from Prior Reporting Period -17,3562,4297,518-546-21,050-10,384-11,103 Traders 19458745550273163 Small Speculators LongShortOpen Interest 56,05124,688690,003 -62990-11,013 non reportable positionsCha...Read More

By: Ira EpsteinGold was thrown back by the end of the day, higher lows and higher highs:Read More

There can be some calendar year end profit taking in gold by medium term investors and hedge funds IF and WHEN the details of US-China signed trade deal are known. I am not writing off gold and silver at the moment. I will prefer to read the full details of the trade deal and then take a call on short term investment decision in gold and silver. However I will prefer selected Indian stocks over...Read More

The Fed kept the interest rates unchanged in December. The statement was rather hawkish, while the dot-plot rather dovish. What does such a mix imply for the yellow metal? Fed Keeps Interest Rates UnchangedYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on December 10-11th. In line with expectations, the U.S. central bank left the federal funds r...Read More

AVGO posted earnings and revenue that exceeded analysts' estimatesBroadcom Inc (NASDAQ:AVGO) is falling from yesterday's record peak of $330.16, despite posting a fourth-quarter earnings beat of $5.39 per share. The semiconductor concern also lifted its revenue forecast above expectations, but Wall Street remains grim toward the equity, as growth in the semiconductor industry continues to slow. At...Read More

November retail sales came in below its estimatesFresh off reports of a "phase one" trade deal being drawn up, Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are confidently higher today. But while Bloomberg reported that the U.S. and China agreed to a limited deal that would scrap additional U.S. tariffs set to go into effect this Sunday, Dec. 15,...Read More

Verylittle happened in the precious metals market both yesterday and in today’spre-market trading – at least so far. We will take this opportunity to discusssomething that we haven’t done in a while – silverstocks.To be clear, we’re not going to discuss the silver mining stock selection, asthat’s something our proprietaryalgorithms do on a daily basis. And yes,...Read More

Turkey is calling for a level playing field when it comes to trading with the European Union and the United States, Turkish steelmakers said during a panel discussion at Fastmarkets' Middle East Iron and Steel conference in Dubai.Speaking on Tuesday December 10 in a panel discussion about the protectionism Turkish steel faces in its major steel export markets, panelists said they were on...Read More

Major Chinese steelmakers' daily crude steel output dropped in late November, according to data released by the China Iron & Steel Association (Cisa) on Tuesday December 10.Daily crude steel output November 21-30:...Read More

China's finished steel exports decreased on a year-on-year basis in November, according preliminary Chinese customs data released on Sunday December 8.November exports: 4.56 million tonnes...Read More