Recent News

India Takes U.S. Steel Tariffs Complaint To The WTO

May 23, 2018 / www.kitco.com

GENEVA (Reuters) - India has launched a complaint against the United States to challenge U.S. President Donald Trump’s tariffs on steel and aluminum, a filing published by the World Trade Organization showed on Wednesday.Indian officials told Reuters last month that India would open a WTO dispute if Indian firms were not exempted from the tariffs.Reporting by Tom Miles; Editing by Catherine...Read More

2 Apple Suppliers That Could Rally After Memorial Day

May 23, 2018 / www.schaeffersresearch.com

The chip stocks have both been stymied by technical resistance recentlyApple (AAPL) will kick off its annual World Wide Developers Conference (WWDC) on Monday, June 4, with updates to its iOS and macOS software expected. Ahead of the highly anticipated event -- and the more imminent Memorial Day weekend -- two Apple suppliers are giving off bullish signals. Skyworks Stock Could Break Past Key Tre...Read More

ECB Can Afford To Wind Down Asset Buys: Makuch

May 23, 2018 / www.kitco.com

BRATISLAVA (Reuters) - The European Central Bank’s 2.55 trillion euro ($2.99 trillion)bond purchase program has achieved what it could and the bank can now afford to wind it down, Governing Council member Jozef Makuch told reporters on Wednesday.Makuch added that he was confident inflation would rise in the coming years and would hit the ECB’s elusive target of almost 2 percent in 2020...Read More

Dow Down Triple Digits on Trade Worries

May 23, 2018 / www.schaeffersresearch.com

Traders are awaiting the May Fed meeting minutesStocks continue to trade lower this afternoon, as trade war worries between the U.S. and China resurface following the latest comments from President Donald Trump. The Dow Jones Industrial Average (DJI) is down triple digits, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also lower. Energy stocks are dipping with oil prices, wit...Read More

Best Buy Options Bulls Bet On Another Earnings Breakout

May 23, 2018 / www.schaeffersresearch.com

BBY stock hit a record high just last weekOptions bulls have been blasting Best Buy Co Inc (NYSE:BBY) ahead of the Amazon partner's first-quarter earnings report, due before tomorrow's open. BBY stock has history of volatile post-earnings moves to the upside, and call buyers appear to be betting on more of the same.At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBO...Read More

FREE MCX TIPS Today Zinc – SELL Zinc at CMP 208.60 for Target 207.60 – 207 with SL Above price 209.20 (SMALL SL)

May 23, 2018 / mcx.freetips.tips

Today Zinc – SELL Zinc at CMP 208.60 for Target 207.60 – 207 with SL Above price 209.20 (SMALL SL)AFTER POST CONTENT Read More

UK's Vedanta core profit, revenue beat; says working to restart Indian plant

May 23, 2018 / www.kitco.com

(Reuters) - British mining and energy conglomerate Vedanta Resources Plc reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand production of zinc and aluminum, enabling continued recovery after being particularly hard-hi...Read More

United Tech to invest $15 billion in U.S. over next five years

May 23, 2018 / www.kitco.com

(Reuters) - United Technologies Corp said on Wednesday it would invest more than $15 billion for research and development and capacity expansion in the United States over the next five years, spurred by the recent tax cuts.The company also plans to hire 35,000 people in this period and spend about $75 billion with U.S. suppliers to strengthen local economies.The maker of Pratt & Whitney aircra...Read More

U.S. home refinancing falls to lowest since 2000: MBA

May 23, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. applications on mortgages to refinance an existing home fell to their lowest level in 17-1/2 years as some 30-year borrowing costs climbed to their highest levels in over seven years, the Mortgage Bankers Association said Wednesday.Higher mortgage rates have pinched requests for mortgages to buy a home, although strong housing demand and tight supply have offset the rise...Read More

IMF keeps Russia's 2018 economic growth forecast unchanged at 1.7 percent

May 23, 2018 / www.kitco.com

MOSCOW (Reuters) - The International Monetary Fund kept its forecast for Russian economic growth this year steady at 1.7 percent despite Western sanctions against Russia, the IMF said on Wednesday.The IMF's mission chief to Russia, Ernesto Ramirez Rigo, said the sanctions imposed on Russia were not the only factor in the IMF's calculation and that it also took into account oil prices that were cur...Read More

ZPG : Zoopla's profits rise by a third ahead of Silver Lake deal

May 23, 2018 / www.4-traders.com

LONDON (Reuters) - ZPG, the owner of real estate website Zoopla which is being taken over by U.S. private equity firm Silver Lake, reported a 33 percent rise in first-half profit after an increase in listings on its platforms.Silver Lake said this month it was buying the real estate portal, which also operates the PrimeLocation website and comparison service uSwitch, for 2.2 billion pounds ($2.94...Read More

FREE MCX TIPS Nickel Today – SELL Nickel at CMP 994.70 for Target 984.70 – 976.70 with SL Above price 1004.70

May 23, 2018 / mcx.freetips.tips

Nickel Today – SELL Nickel at CMP 994.70 for Target 984.70 – 976.70 with SL Above price 1004.70AFTER POST CONTENT Read More

Dollar up as euro zone growth worries hobble euro

May 23, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar rose to a six-month high against the euro on Wednesday as data indicating a slowdown in European business activity hurt the common currency, while broader risk aversion hurt the dollar against the Japanese yen.The dollar index .DXY, which measures the greenback against a basket of six other currencies, was up 0.4 percent at 93.982, after rising as high as 94.116, it...Read More

#Sweden Warns Every Single Household To Prep For War | Zero Hedge

May 23, 2018 / www.zerohedge.com

Although they haven't been in conflict for over 200 years, for some reason, right now, the government of Sweden has produced a 20-page pamphlet which they'll be sending to each of the 4.8 million households in the country urging them to get prepared for...WAR.Read full newsRead More

100s Of White South African Farmers Apply To Australia For Humanitarian Rescue | Zero Hedge

May 23, 2018 / www.zerohedge.com

More than 200 farmers from South Africa have applied for humanitarian visas in Australia after allegedly suffering attacks for being white, according to the Australian Home Affairs Ministry.Read full newsRead More

#Germany's 'Asylum-For-Cash' Scandal Exposed | Zero Hedge

May 23, 2018 / www.zerohedge.com

Germany's Federal Office for Refugees and Migration (BAMF) will review more than 25,000 asylum decisions after allegations of corruption at its regional office in the northern city of Bremen...Read full newsRead More

Ex-Trump campaign chief seeks to suppress evidence seized by FBI

May 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump’s former campaign chairman Paul Manafort is asking a federal judge on Wednesday to suppress evidence seized by FBI agents working for Special Counsel Robert Mueller, saying they violated the U.S. Constitution’s ban on unreasonable searches and seizures.The hearing before U.S. District Judge Amy Berman Jackson is Manafort’s latest bid...Read More

U.S.-China trade deal 'too hard to get done,' Trump says

May 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.”In an early morning post on Twitter, Trump cited difficulties such as verification but gave no other details about what he or his adm...Read More

U.S. says American consulate worker in China back in U.S. after abnormal injury

May 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - An American consulate worker at a U.S. consulate in southern China has returned to the United States for further evaluation after reporting symptoms that appear similar to those of head concussion or mild brain injury, the U.S. State Department said on Wednesday.The department’s statement came as the U.S. government issued a health warning to Americans in China over th...Read More

Manufacturing activity at strongest level since September 2014, flash PMI data show

May 23, 2018 / www.marketwatch.com

BloombergRising activity in U.S. private sector firms adds to evidence of a rebound in growth in the second quarter. The numbers: The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. Readings over 50 indicate expansion. A similar survey of service-oriented businesses that employ most...Read More

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