BRUSSELS (Reuters) - Economic sentiment in the 19-countries sharing the euro slipped for the third month in a row in March, data from the European Commission showed on Tuesday, suggesting economic growth in the bloc was not as steady as previously thought.The Commission’s Economic Sentiment Indicator fell to 112.6 in March from a revised 114.2 in February, below the average forecast of 113.4...Read More
BEIJING, March 27 (Reuters) - Chinese miner and metals trader Jinchuan Group International Resources Co Ltd said on Tuesday its 2017 net profit was almost five times bigger than a year earlier due to higher cobalt and copper prices.Jinchuan, which operates the Ruashi copper and cobalt mine in the Democratic Republic of Congo and the Chibuluma copper mine in Zambia, posted net profit of $41.6 milli...Read More
The brokerage firm also boosted its price target by $2 to $8Shares of Aratana Therapeutics Inc (NASDAQ:PETX) have shot up 6.2% to trade at $4.11, after Stifel upgraded the stock to "buy" from "hold" -- joining the majority of analysts in coverage -- and lifted its price target to $8 from $6, territory not charted since February 2017. The brokerage firm cited expectations the company's Entyce drug,...Read More
GABORONE, March 27 (Reuters) - Botswana's Debswana Diamond Mining said on Tuesday production jumped 11 percent to a three year high in 2017 and it expects growth this year as lower taxes in the United States leave consumers with more to spend on luxury goods.Debswana, a joint venture between De Beers and the southern African country's government, said annual production rose to 22.2 million carats...Read More
GABORONE, March 27 (Reuters) - Botswana's Debswana Diamond Mining said on Tuesday production jumped 11 percent to a three year high in 2017 and it expects growth this year as lower taxes in the United States leave consumers with more to spend on luxury goods.Debswana, a joint venture between De Beers and the southern African country's government, said annual production rose to 22.2 million carats...Read More
Today Aluminium Tips – Buy Aluminium at CMP 132.15 for Target small at price 132.90 – 133.45 with SL below price 131.25AFTER POST CONTENT Read More
Getty ImagesConsumer confidence is still very high despite a small decline in March. The numbers: Consumer confidence fell slightly in March but remained near an 18-year high. The consumer confidence index dipped to 127.7 this month from a revised 130 in February, the Conference Board said Tuesday. Economists polled by MarketWatch had forecast the index to read 131.0. What happened: Americans...Read More
Today Aluminium Hold Tips – SELL Aluminium APRIL at CMP 132.85 Hold for 2 days for Target small at price 130.50 – 129.60 with SL Above 133.50AFTER POST CONTENT Read More
ANAB and HOLX are trading higher today Biotech stock AnaptysBio Inc (NASDAQ:ANAB) is trading higher today after the company reported positive mid-stage trial results for its experimental peanut allergy drug. ANAB shares were last seen up 0.3% at $114.21, but that's nothing new. The security has continued to push higher since its huge bull gap back in October, reaching a record high of $134 back on...Read More
(Kitco News)- The gold market remains under pressure trading just offsession lows despite a drop in consumer optimism.Tuesday,the U.S. Conference Board, said that is Consumer Confidence Index dropped to areading of 127.7 in March, down from February's reading of 130.8, and missingexpectations. According to consensus forecasts, economists were expecting areading around 131.2.Thegold market is seein...Read More
Roku's post-IPO lock-up period expires todayRoku Inc (NASDAQ:ROKU) stock is lower today, down 1.5% at $34.06, despite receiving some bullish analyst attention this morning. Citigroup upgraded the streaming device stock to "neutral" from "sell," while raising its price target to $36 from $33. The upgrade comes ahead of the stock's initial public offering (IPO) lock-up expiration today. It's been...Read More
WASHINGTON/BEIJING (Reuters) - Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid plans to slap tariffs on a host of Chinese goods and a potential trade war.A person familiar with the discussions said these were among the asks from Treasury S...Read More
LONDON (Reuters) - Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by concerns that tensions in the Middle East could lead to supply disruptions, although with global output rising fast, investors remained cautious.Brent crude futures LCOc1 were up 28 cents on the day at$70.40 a barrel by 0848 GMT, while West Texas Intermediate (WTI) crude futures CLc1 were up 19 cents a...Read More
It's currently one of the top hedge fund holdings in its sectorAmid anecdotal reports suggesting the long bank trade is extremely popular, investment banking concern Citigroup Inc (NYSE:C) stands out as one of the top hedge fund holdings in the sector. Unfortunately, C's chart isn't quite as bullish as the consensus outlook on financial stocks right now -- and at the same time, we're seeing eviden...Read More
(This version of the March 26 story corrects paragraph 24 to remove reference to ISBA suspending adverts)By David ShepardsonWASHINGTON (Reuters) - The leading U.S. consumer protection regulator and attorneys representing 37 states stepped up pressure on Facebook Inc (FB.O) on Monday to explain how the social network allowed data of 50 million users get into the hands of a political consultancy.The...Read More
Today's downside extends recent technical troubles for the sharesShares of Longfin Corp (NASDAQ:LFIN) are trading down 22.5% at $45.95 -- extending Monday's 16.6% decline. Sparking the sell-off in the blockchain name is a scathing Citron Research tweet -- which also weighed in on Shopify (SHOP) yesterday -- calling LFIN a "pure stock scheme," and saying its filings and press releases are "riddled...Read More
(Reuters) - U.S. stock index futures rose on Tuesday, adding to Wall Street’s sharp rebound on Monday, as fears of a trade war between the United States and China eased.All three major U.S. indexes ended up more than 2 percent on Monday following reports that the United States and China were willing to renegotiate tariffs and trade imbalances.Global markets were rattled last week after Presi...Read More
GSK has had a disappointing 12 months, shedding 12% Shares of pharmaceutical concern GlaxoSmithKline Plc (NYSE:GSK) are moving higher after early this morning it was announced it's buying Novartis AG's (NVS)stake in their joint venturefor $13 billion. In response, GSK is trading up 4% at $38.92.Today's positive price action is a rare sight for GSK, as the stock has shed almost 12% year-over-year...Read More
The Dow is set to open up 100 pointsDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value, as stocks try to build off their best day in years. With trade war concerns on the back burner at the moment, the tech sector could again lead the charge following blowout earnings from software company Red Hat (RHT) -- even with Facebook (FB) set to erase Monday's mode...Read More
Risk assets jump on reports of U.S.-China trade talks Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a...Read More