Most of Wall Street is already bullish on the Dow componentUnited Technologies Corporation (NYSE:UTX) is trading slightly lower before the open despite a bull note out of Morgan Stanley. An analyst there resumed coverage on the Dow component with an "overweight" rating and $160 price target, well above yesterday's close of $126.94. A closer look at the charts suggests this bullish call on UTX stoc...Read More

Shares in Australia's Hawkstone Mining (ASX:HWK) dropped almost 23% on Friday after the company said it wouldn't proceed with the acquisition of USA Lithium.The botched deal would have added two lithium projects - the Big Sandy lithium clay project in Arizona and the Lordsburg lithium brine project in New Mexico - to Hawkstone's portfolio.The company had warned last month it t was in discussions w...Read More

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies.Trump, whose hardline stance on trade has seen him wrangle with allies, said in a statement that a 25 percent tariff would be imposed on...Read More

BERLIN (Reuters) - The conservative alliance headed by Angela Merkel may splinter in a row over immigration, an ally of the German chancellor said on Friday, as the third party in her fragile government suggested its patience was wearing thin.The disagreement between Merkel’s Christian Democrats (CDU) and their Bavarian Christian Social Union (CSU) sister party threatens the future of her co...Read More

By Oliver Griffin Glencore PLC (GLEN.LN) said Friday that it has settled a dispute between its Mutanda Mining Sarl and Kamoto Copper Company SA subsidiaries and companies affiliated with mining magnate Dan Gertler in Congo. In April, Mutanda and KCC were served with freezing orders in Congo for $695 million and $2.28 billion respectively, relating to royalties payments. Gertler-affiliate company...Read More

WASHINGTON (Reuters) - President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.Trump said the tariff list includes goods from China’s “Made in China 2025” strategic plan...Read More

* ECB pushes rate hike prospects out to distant future* Most euro zone yields fall for second session in a row* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds euro zone inflation, Nowotny comments, updates prices)By Abhinav RamnarayanLONDON, June 15 (Reuters) - Italian government bonds are headed for their best week since September 2012, boosted by a benign European Central Bank an...Read More

(Kitco News)- Gold prices remain on the defensive as sentiment in the NewYork region's manufacturing sector, according to the latest report from the NewYork Federal Reserve. The regional central bank said its EmpireState manufacturing survey significantly improved in June, rising to a reading of25, up from 20.1 in May. Economists were expecting to see a print of 19.1.Gold prices have fallen below...Read More

Barrick Gold may look cheap after its underperformance, but Morgan Stanley prefers Newmont Mining.Read full newsRead More

LONDON (Reuters) - The euro rose off the day's lows on Friday and stocks recouped losses after Germany's Christian Social Union party denied it would dissolve its alliance with Chancellor Angela Merkel's Christian Democrats.A report to that effect had appeared earlier on a hoax Twitter account, briefly rattling markets.The single currency EUR=EBS, which briefly slipped into negative territory on...Read More

   •  Trade-related headlines trigger safe-haven buying in the past hour.   •  A modest USD retracement/weaker US bond yields supportive of the uptick.  Gold pared some of its early losses and might now be looking to build on its momentum back above the $1300 round figure mark. The precious metal extended overnight sharp retracement slide from one-month...Read More

(Kitco News) - Gold pricesare moderately lower in early U.S. trading Friday. Despite some risk aversionin the marketplace today, the gold market has instead chosen to focus on therecent strong rally in the U.S. dollar index, which today scored an 11-monthhigh. August Comex gold futures were last down $9.00 an ounce at $1,299.20.July Comex silver was last down $0.037 at $17.225 an ounce.Worldstock...Read More

BRUSSELS (Reuters) - Euro zone consumer prices rose by 1.9 percent in May, pumped up by higher costs of energy, food and services, data showed on Friday, while labor costs rose at their sharpest rate for five years in the first quarter of 2018.EU statistics office Eurostat reported that inflation in May was 1.9 percent, confirming its flash estimate, from an upwardly revised 1.3 percent in April....Read More

JOHANNESBURG (Reuters) - South Africa’s power grid was under pressure on Friday, with controlled blackouts possible, due to workers protesting over pay, a test of new President Cyril Ramaphosa’s efforts put the state electricity provider back on a stable financial footing.A spokesman for Eskom, which produces more than 90 percent of South Africa’s power, said the grid was stable...Read More

JOHANNESBURG, June 15 (Reuters) - South Africa’s Labour Court has issued an order declaring strikes by labour unions at struggling state power firm Eskom “unprotected and unlawful,” a registrar at the court told Reuters on Friday.Eskom started controlled power blackouts on Thursday after workers protesting over pay hurt its ability to deliver electricity to Africa’s most in...Read More

WASHINGTON (Reuters) - A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.This little-noticed wrinkle, if it were to make it into the final rule, could prompt Wall Street firms to overhaul their treasury, trading and merchant banking ope...Read More

BEIJING (Reuters) - Having reduced the amount of reserves that lenders must hold just two months ago, China’s central bank could soon do it again to support a slowing economy and contain risks posed by corporate debt defaults, policy sources said.A three-year deleveraging drive is making progress, but has also driven up borrowing costs and tightened credit, seen as a factor in some private d...Read More

WASHINGTON (Reuters) - AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the de...Read More

HONG KONG (Reuters) - Shares of ZTE Corp (0763.HK) (000063.SZ) plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week.U.S. President Donald Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday, reigniting concerns of a ful...Read More

LONDON (Reuters) - The euro bounced on Friday after suffering its worst day in nearly two years when the European Central Bank signalled it would keep interest rates at record lows into the summer of 2019.By that time the U.S. Federal Reserve is expected to have raised rates at least five times, making the dollar much more attractive than the single currency.The euro slumped nearly 1.9 percent on...Read More