SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rate on Wednesday, which could further support the US dollar this summer.As the market remained cautious, base...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rate on Wednesday, which could further support the US dollar this summer.As the market remained cautious, base...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The big event this week is the summit between President Donald Trump and North Korean leader Kim Jong Un, which begins Tuesday.The Dow Jones Industrial Average , the S&P 500 and the Nasdaq rose Monday for the sixth time in the past seven sessions.The Dow last week rose 2.77%, the S&P 500 gained 1.62% and the Nasdaq finished up...Read More
The Monday Market Minute Global stocks gain as sentiment improves despite G-& Summit shambles.Trump rescinds U.S. signature on G-7 communique on trade, calls Canada's Trudeau 'dishonest' and 'weak'.European stocks open higher as ECB signals boost banks, Italy worries ebb after FinMin interview.Wall Street futures point to modestly stronger open as dollar eases, Treasuries hold at 2.96%...Read More
U.S. Secretary of State Mike Pompeo said Monday that talks between U.S. and Korean officials were moving "faster" than expected and that President Donald Trump's "mission of peace" would set the stage for future talks between the region's powers, suggesting tomorrow's meeting would not result in a breakthrough agreement to remove nuclear weapons from the Korean peninsula. Speaking to the me...Read More
The latest news and price moves to start the Asian day on Tuesday June 12.Base metals prices on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Read more in our live futures report.Here are how prices looked at the close of trading:Following a turbulent first hal...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rates on Wednesday, which could further support the US dollar this summer.Base metals saw mixed performance ss...Read More
Gold sits around the $1300 level.Interest rates weigh on the yellow metal.The dollar's recovery has been a weight around gold's neck.Trade issues and European debt issues are supportive for gold.Higher lows since December 2015 and a bullish reversal on June 5.Gold has gone to sleep since the middle of May. The yellow metal fell victim to the rise in the U.S. dollar and the prospects for rising int...Read More
SHANGHAI, Jun 12 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose 0.04% to close at 93.6 overnight with the 10-year treasury yield climbing up. The Federal Reserve is widely expected to increase interest rates on Wednesday, which could further support the US dollar this summer.Base metals saw mixed performance ss...Read More
LUSAKA, June 11 (Reuters) - Vedanta Resources VED.L plans to double finished copper production AT Zambia's Konkola Copper Mines to 200,000 tonnes this year, the CEO of its Zambian unit said on Monday."Last year we produced just under 100,000 tonnes and I want us to get to 200,000 tonnes this year," Vedanta's Deshnee Naidoo told Reuters.Read More
Investing.com - Gold prices started the week higher in midmorning trade Monday while investors returned to their desks to digest the trade tension over the weekend at the G7 summit and looked ahead to the summit between the U.S. and North Korea as well as key policy decisions from the Federal Reserve and European Central Bank.At 10:27AM ET (14:27GMT), gold futures for August delivery on the Comex...Read More
Manganese ore prices rose in China this past week due to higher offers from producers, although few deals took place, especially for 44% manganese ore. The thin trading was attributed to resistant buyers, who preferred to take a wait-and-see stance on the direction of the market, according to sources.As a result, Metal Bulletin's weekly manganese ore indices for the 37% and 44% products rose by 1....Read More
(Adds company news and futures)June 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 16 points at 7,697 on Monday, according to financial bookmakers, with futures FFIc1 up 0.25 percent ahead of the cash market open.* ROLLS ROYCE: Rolls-Royce RR.L said on Monday a costly problem affecting the durability of a certain type of Trent 1000 engine had spread to another type and would requ...Read More
June 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 16 points at 7,697 on Monday, according to financial bookmakers.* COMCAST: U.S. cable company Comcast CMCSA.O is set to gain unconditional EU antitrust approval for its bid to buy European pay-TV company Sky SKYB.L . TESCO: Britain's food watchdog said it was investigating allegations that traces of meat had been found in "meat-...Read More
Manganese ore prices rose in China this past week due to higher offers from producers, although few deals took place, especially for 44% manganese ore. The thin trading was attributed to resistant buyers, who preferred to take a wait-and-see stance on the direction of the market, according to sources.As a result, Metal Bulletin's weekly manganese ore indices for the 37% and 44% products rose by 1....Read More
The latest news and price moves to start the Asian day on Tuesday June 12.Base metals prices on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Read more in our live futures report.Here are how prices looked at the close of trading:Following a turbulent first hal...Read More
Last week index score: 45.96This week: 35.42 Zinc One Resources (TSX-V: Z) reported the final drill results from the high-grade zinc discovery in the Mina Chica zone of its Bongar?? zinc project in north-central Peru.The Oreninc Index fell in the week ending June 8th, 2018 to 35.42 from 45.96 a week ago as financings decreased, and broker action stayed away.Gold spent the week flirting...Read More
This quarter has been a tough one for Labrador Iron Ore Royalty Corporation (TSX:LIF). Weaker iron ore prices coupled with a labour dispute, which had put Iron Ore Company of Canada's mining operations on hold, created considerable uncertainty over the company's outlook.Nonetheless, the latest news indicates that the dispute, which started on March 27, 2018, has come to an end and operations will...Read More
Following a historic slump that extended from the summer of 2014 into the beginning of 2016, commodity prices have been steadily on the rise over the past 12 months, with the Jeffries CRB index, one of the largest benchmarks for commodity prices, up 14% since last June 1.A lot of those gains have been led by higher energy prices, but to be fair, it has, for the most part, been a fairly broad recov...Read More
Last week index score: 45.96This week: 35.42 Zinc One Resources (TSX-V: Z) reported the final drill results from the high-grade zinc discovery in the Mina Chica zone of its Bongar?? zinc project in north-central Peru.The Oreninc Index fell in the week ending June 8th, 2018 to 35.42 from 45.96 a week ago as financings decreased, and broker action stayed away.Gold spent the week flirting...Read More