LONDON (Reuters) - World stocks, the euro and Italian bonds all made a second day of gains on Thursday, after renewed efforts from politicians in Rome to form a government and data from China had pointed to its giant economy performing well.The moves meant Milan's bourse .FTMIB was 0.7 percent higher, Britain's FTSE .FTSE and France's CAC .FCHI added 0.2-0.4 percent though Germany's DAX .GD...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
May 31 (Reuters) - Canada's main stock index futures was trading flat on Thursday, with investors awaiting the country's gross domestic product data for the first quarter.June futures on the S&P TSX index were down 0.21 percent at 7:15 a.m. ET.The Canadian economy is expected to have grown at an annualized 1.8 percent pace in the first quarter, largely in line with the previous quarter as grow...Read More
ATHENS (Reuters) - Greece will raise the monthly limit of cash that can be withdrawn from bank accounts to 5,000 euros from 2,300 euros as part of measures to ease capital controls imposed three years ago, the government said on Thursday in a decree.The finance ministry's decision will come into effect once it is published in the government gazette.Athens first imposed capital controls in the summ...Read More
WASHINGTON (Reuters) - U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms.The rewrite of the so-called Volcker Rule marked another step by regulators under U.S. President Donald Trump to ease rules introduced by the 2010 Dodd-Frank financial refo...Read More
(Reuters) - U.S. funds increased recommendations for bond holdings to a more than two-year high in May and cut equities to the lowest since October, citing the political crisis in Italy and rising risks of a trade war, a Reuters poll showed.Stocks, the euro and Italian bonds were hit this week on concerns a eurosceptic government in Italy could threaten Europe’s hard-won financial stability...Read More
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation jumped far more than expected in May on higher energy costs, offering relief to the European Central Bank after market turbulence that has jeopardized its planned exit from a lavish stimulus program.Inflation in the 19 countries sharing the euro rose to 1.9 percent from 1.2 percent in April, EU statistics office Euros tat said on Thursday, well ab...Read More
LONDON (Reuters) - Italy’s borrowing costs fell sharply for a second day on Thursday as news that one of Japan’s largest institutional investors is looking to buy short-dated Italian debt helped stabilize a market battered by a political crisis in Rome.Japan Post Insurance Co’s (7181.T) chief investment officer told Reuters the firm, also known as Kampo, is looking to buy short-t...Read More
MADRID, May 31 (Reuters) - The leader of Spain’s socialist party Pedro Sanchez on Thursday said he would stick to the budget approved by current Spanish Prime Minister Mariano Rajoy if he won a no-confidence vote in parliament.“I commit myself to fulfil the obligations of the EU, we want to maintain the budget approved by this assembly,” Sanchez told the parliament at the start o...Read More
Metals managed a small gain onWednesday as equities regained all of Tuesday's losses. The fear, no-fear tradehas had no effect on the metals the last couple of days, which supports ourviews that markets trade independently and are not always correlated.Gold has been consolidating forthe last four days as it tries to hold gains and keep the bottoms in place.Silver has been in congestion for months....Read More
Metals managed a small gain on Wednesday as equities regained all of Tuesday's losses. The fear, no-fear trade has had no effect on the metals the last couple of days, which supports our views that markets trade independently and are not always correlated. Gold has been consolidating for the last four days as it tries to hold gains and keep the bottoms in place. Silver has been in congestion for m...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Novo Resources Corp. has been halted at the open on May 31, 2018, at the request of the company, pending an announcement.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
Novo Resources Corp. has been halted at the open on May 31, 2018, at the request of the company, pending an announcement.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
• The ongoing USD retracement underpins the dollar-denominated commodity. • Risk-on mood/rising US bond yields might keep a lid on any strong up-move. Gold edged higher on Thursday and moved back to the top end of its weekly trading range, around the $1305-06 region. The precious metal extended this week's rebound from $1293 area and g...Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More