Recent News

Expect Disagreements Over Tariffs At G7 Summit: Canada Official

June 05, 2018 / www.kitco.com

Leah Schnurr, David LjunggrenOTTAWA (Reuters) - The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.U.S. President Donald Trump, who is due to attend the leaders’ meeting in the Canadian province of Quebec, imposed tariffs...Read More

Gold rebounds and approaches $1300

June 05, 2018 / www.fxstreet.com

Gold rebounds amid risk aversion still remains in a 3-day range. US Dollar losses momentum after hitting fresh highs on US data. Gold bounced to the upside, despite USD strength and climbed to $1,297/oz hitting a fresh daily high. Th yellow metal rose from $1,290 supported by a decline in equity prices and yields.  In Wall Street the DOW JONES failed to hold to gains and was down 0.31%. Des...Read More

Republican senators, president to discuss anti-China measure at White House

June 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - Senate Republicans and President Donald Trump will meet at the White House on Tuesday to discuss a measure before Congress aimed at tightening investment rules to better protect national security, Senator John Cornyn, the No. 2 Senate Republican, told reporters on Tuesday.Cornyn has spearheaded efforts in Congress to win passage of a bill to tighten oversight by the inter-ag...Read More

U.S. Medicare reserves seen lasting three years less than prior forecast

June 05, 2018 / www.kitco.com

NEW YORK (Reuters) - The U.S. government's healthcare program for the elderly will exhaust its reserves for hospital insurance in 2026, three years earlier than last year's forecast, the Social Security and Medicare Boards of Trustees said in a report on Tuesday.The report also said the costs of the U.S. Social Security program will exceed incoming revenues this year for the first time since 1982,...Read More

Republican senators, president to discuss anti-China measure at White House

June 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - Senate Republicans and President Donald Trump will meet at the White House on Tuesday to discuss a measure before Congress aimed at tightening investment rules to better protect national security, Senator John Cornyn, the No. 2 Senate Republican, told reporters on Tuesday.Cornyn has spearheaded efforts in Congress to win passage of a bill to tighten oversight by the inter-ag...Read More

Dollar reverses gains as euro rallies on Italy, ECB comments

June 05, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar fell on Tuesday, reversing gains to a near six-month high, as the euro rallied after Italian Prime Minister Giuseppe Conte said the government had never considered leaving the euro zone.“Conte’s comments were reassuring to investors given the make-up of the Italian coalition and its previous statements and certainly helped pushed the euro higher,”...Read More

POSITIONAL HOLD / CARRY Zinc Hold Call – SELL Zinc at CMP 214.10 Add more at price 215.50 with SL Above price 217.40 for Target 210.20 – 207.20

June 05, 2018 / mcx.freetips.tips

Zinc Hold Call – SELL Zinc at CMP 214.10 Add more at price 215.50 with SL Above price 217.40 for Target 210.20 – 207.20 Read More

G7 to call on North Korea to get rid of nuclear weapons: senior EU official

June 05, 2018 / www.kitco.com

BRUSSELS (Reuters) - G7 leaders will call on North Korea on Friday to get rid of its nuclear weapons if it wants sanctions against the country to be lifted, a senior European union official said on Tuesday.The G7 are the United States, Canada, Japan, Britain, France, Germany and Italy. Their leaders are to meet in Canada on June 8-9.“We expect a strong and united G7 message to the Democratic...Read More

S&P rises; technology helps Nasdaq hit intraday record

June 05, 2018 / www.kitco.com

(Reuters) - The S&P 500 edged slightly higher on Tuesday, on track for its third straight day of gains, while Nasdaq hit an intraday record high with help from the technology and consumer discretionary sectors.Amazon.com rose 1.8 percent, leading gains in the S&P consumer discretionary index, while Apple edged up 0.7 percent, providing the biggest boost to the technology index.Still, inves...Read More

Expect frank trade talks at G7 summit: Canada official

June 05, 2018 / www.kitco.com

OTTAWA (Reuters) - The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday.Trump infuriated Canada and European Union members of the G7 by imposing tariffs on steel and aluminum last week.A government official told reporters on Tuesday it...Read More

Macy's Stock Jumps; Fitbit Flirts With 2018 Highs

June 05, 2018 / www.schaeffersresearch.com

Plus, RGNX is at a record high ahead of joining the S&P SmallCap 600Stocks are modestly higher at midday, astech remains in focus. Three names making notable moves in today's trading are retailer Macy's Inc (NYSE:M), athletic device maker Fitbit Inc (NYSE:FIT), and drug concern Regenxbio Inc (NASDAQ:RGNX). Below we will take a closer look at howshares of M, FIT, and RGNX have been faring on the...Read More

Weight Watchers Options Hot After Analyst Screams 'Buy'

June 05, 2018 / www.schaeffersresearch.com

WTW stock hit a seven-year high earlierShares of Weight Watchers International, Inc. (NYSE:WTW) have jumped 7.2% to trade at $85.27, and earlier hit a seven-year high of $86.76. BofA-Merrill Lynch became the latest brokerage firm to pour love on WTW stock -- initiating coverage with a "buy" rating and $95 price target, and saying the Oprah-endorsed company should lead the weigh management pack in...Read More

Italy's new government wins first confidence vote in Senate

June 05, 2018 / www.kitco.com

ROME, June 5 (Reuters) - Italy's new, anti-establishment government won its first confidence vote in the upper house Senate on Tuesday after Prime Minister Giuseppe Conte had presented his coalition's agenda of tax cuts and higher welfare spending.The government, backed by the 5-Star Movement, founded nine years ago as a grass-roots protest group, and the right-wing League, won the vote by 171-117...Read More

U.S. warns allies against financial dealings with Iran

June 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - The United States warned governments and the private sector on Tuesday to crack down on what it described as Iranian efforts to exploit them to fund its support for terrorism, destabilizing actions in the region and rights abuses at home.The appeal, in a speech by the senior U.S. Treasury official for terrorism and financial intelligence, follows U.S. President Donald Trump&...Read More

Target for Zinc – Zinc Positional Buy call 9be given at price 207 Achieved 1st Target 213. CMP 213.80. Total profit of 6.8 Points per lot / Rs 34000

June 05, 2018 / mcx.freetips.tips

TARGET FOR ZINCTarget for Zinc – Zinc Positional Buy call 9be given at price 207 Achieved 1st Target 213. CMP 213.80. Total profit of 6.8 Points per lot / Rs 34000TIPS ID 9be : Mcx Zinc Positional - BUY Zinc June at CMP 207 for Target 213 - 215 with SL below price 203.80 Read More

FREE MCX TIPS Nickel Call – BUY Nickel at CMP 1039.10 for Target 1045.50 – 1049.0 with SL below price 1032.80

June 05, 2018 / mcx.freetips.tips

MCX TODAY NICKEL CALLNickel Call – BUY Nickel at CMP 1039.10 for Target 1045.50 – 1049.0 with SL below price 1032.80. RISK taker trade 2 lots Read More

Lead Trading – Lead BUY Call ad7 given at price 168.30 Achieved 2nd Target 169.90. Made 170.10 high. Profit of 1.6 Points per lot

June 05, 2018 / mcx.freetips.tips

Lead Trading – Lead BUY Call ad7 given at price 168.30 Achieved 2nd Target 169.90. Made 170.10 high. Profit of 1.6 Points per lotad7 : Mcx Lead Calls - Buy Lead at CMP 168.30 for Target 169.20 - 169.90 with S L below price 167.20 Read More

U.S. Senate leader cancels most of August recess

June 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S Senate Majority Leader Mitch McConnell said on Tuesday he was cancelling most of the Senate’s August recess to give lawmakers time to pass spending bills before a Sept. 30 deadline and to confirm more of President Donald Trump’s appointees.“Due to the historic obstruction by Senate Democrats of the president’s nominees and the goal of passing app...Read More

Microsoft launches program for women returning to work

June 05, 2018 / www.kitco.com

SAN FRANCISCO (Reuters) - Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company.Such “returnship” programs, aimed at workers who had paused their careers to raise children or care for loved ones, are gaining popularity in Silicon Va...Read More

Tapestry Options Volume Soars on Kate Spade Death

June 05, 2018 / www.schaeffersresearch.com

The designer, 55, reportedly committed suicideThe shares of Tapestry Inc (NYSE:TPR) -- nee Coach -- are down 1.7% at $44.38, amid reports that designer Kate Spade committed suicide. Tapestry bought Spade's namesake brand last year, though last quarter's Kate Spade sales left much to be desired. Against this backdrop, TPR options are flying off the shelves this afternoon.It's been a rough few weeks...Read More

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