Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded lower Tuesday and fell below 25,000. The index closed Monday at 25,013.29, its highest close since March 12.J.C. Penney Co. (JCP) fell 6.8% after CEO Marvin Ellison resigned to join Lowe's Cos. (LOW) .Micron Technology Inc. (MU) rose 6.4% after the chipmaker announced a $10...Read More
SHANGHAI, May 23 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index dipped from its five-month high to close at 93.59 last night. It lost momentum after US-Sino trade tension abated.Base metals saw mixed trading overnight. LME lead touched a two-and-half month's high and closed over 2% higher due to worries of tight...Read More
Among the highlights, Arizona hit 48.77m assaying 7.3% combined zinc-lead, 170.1g/t silver and 1.6% copper.The company said the step-out drilling showed the potential for resource growth at the zinc-lead-silver deposit in Arizona's Santa Cruz county, plus robust copper grades in the new zone and another previously identified zone to the east.Meanwhile Arizona has started work on its twin explorati...Read More
(Adds details, changes source)By Sudarshan VaradhanNEW DELHI, May 22 (Reuters) - At least nine people were killed in India's Tamil Nadu (NS:TNNP) state on Tuesday when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources , authorities said. VED.LThe state's chief minister, Edappadi K. Palaniswami, said police had been forced to act after the pro...Read More
* Copper touches three-week high* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)By Eric OnstadLONDON, May 22 (Reuters) - Lead prices touched their highest in 2-1/2 months on Tuesday, supported by concern over potential shortages and as investors sold zinc and bought lead.Environmental inspections at secondary lead smelters in China have reduced sup...Read More
Investing.com - Gold prices inched higher on Tuesday as increased risk appetite limited gains in the precious metal, keeping it close to the low for the year hit a day earlier.At 10:17AM ET (14:17GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up just $0.40, or around 0.03%, to $1,291.30 a troy ounce. In the previous session, it slid to as low as...Read More
NEW DELHI, May 22 (Reuters) - At least nine died after police fired at protestors calling for closure of a Vedanta Resources-controlled VED.L copper smelter in South India, a senior police official told Reuters on Tuesday."Nine people have been confirmed dead," said the official, Kapil Kumar Saratkar.Scores of protesters in the port city of Thootukudi in Tamil Nadu (NS:TNNP) state set vehicles on...Read More
By Sudarshan VaradhanNEW DELHI, May 22 (Reuters) - Scores of protesters set vehicles on fire in southern India on Tuesday and threw stones at police, police officials said, demanding that conglomerate Vedanta Resources VED.L VDAN.NS shut a copper smelter over environment hazards to the area.Residents of the port city of Thootukudi in Tamil Nadu (NS:TNNP) state and environmentalists have been dem...Read More
The Tuesday Market Minute Global stocks extend gains as investors react to China's easing of auto tariffs turn focus to dollar strength, inflation concernsU.S. Dollar eases from five month highs as investors look for yield in flat marketsOil prices returning to $80 push as Venezuelan elections prompt sanction/supply threatItaly's political chaos adds new European worry as borrowing costs surge,...Read More
The latest news and price moves to start the Asian day on Wednesday May 23.Base metals on the London Metal Exchange were mixed at the close of...Read More
GLD saw the pullback we expected last week.The market seems a bit too bearish right now.Presenting a low-risk opportunity.For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break o...Read More
The latest news and price moves to start the Asian day on Wednesday May 23.Base metals on the London Metal Exchange were mixed at the close of...Read More
Gregg Sussman, Frank Stampfl, and Michael Florio go over Monday's standouts from Juan Soto to Gleyber Torres. What's wrong with Masahiro Tanaka? Also, can these veteran players keep up what they've done so far this season?Call in at 844-843-6879!Follow on Twitter:@GreggSussman@MichaelFFlorio@Roto_Frank******For the month of May only! Get 1 month of DailyRoto.com -- the company that created four mi...Read More
Last week index score: 36.21 (updated) This week: 52.74The Oreninc Index rose in the week ending May 18th, 2018 to 52.74 from an updated 36.21 a week ago despite good falling below US$1,300/oz.Gold finally gave way and fell below the US$1,300/oz level to hit a year-to-date low as the US dollar continued to strengthen, the US ten-year treasury hit a 3% yield and economic data continued to show posi...Read More
Gold failed to breakout in the spring and recently lost weekly support at $1310. Meanwhile, the gold stocks have held up well in recent weeks (considering Gold) but still have much to prove. Silver couldn't rally much when its net speculative position was at an all time low. The question now is where do things go from here. The price action is not bullish but with a Fed hike looming and negative s...Read More
Last week index score: 36.21 (updated) This week: 52.74The Oreninc Index rose in the week ending May 18th, 2018 to 52.74 from an updated 36.21 a week ago despite good falling below US$1,300/oz.Gold finally gave way and fell below the US$1,300/oz level to hit a year-to-date low as the US dollar continued to strengthen, the US ten-year treasury hit a 3% yield and economic data continued to show posi...Read More
Gold failed to breakout in the spring and recently lost weekly support at $1310. Meanwhile, the gold stocks have held up well in recent weeks (considering Gold) but still have much to prove. Silver couldn't rally much when its net speculative position was at an all time low. The question now is where do things go from here. The price action is not bullish but with a Fed hike looming and negative s...Read More
The UK's Nuclear Industry Association (NIA) has welcomed confirmation of the government's intention to seek associate status to Euratom R&D programmes. NIA chief executive Tom Greatrex stressed however that this is just one part of the current Euratom framework, and progress in replicating other vital areas is still needed before the UK leaves the treaty, as part of its exit from the European...Read More
Lead prices on the London Metal Exchange held firm at the close of trading on Wednesday May 23, while copper's three-month price fell 1.6% amid a fresh 2018-high for the US dollar index. Keeping firm above $2,450 per tonne, lead's three-month price has rallied more than 5% this week, reaching prices unseen since March 1. "Concerns over potential shortages continue to draw lead to its highest...Read More
The target of achieving global nuclear generating capacity of 438 GWe by 2020 under the International Energy Agency's (IEA's) Sustainable Development Scenario appears to be on track, the agency said today. However, it said the prospects of meeting the target of 490 GWe by 2025 remains uncertain.The IEA's Sustainable Development Scenario (SDS), introduced in the World Energy Outlook 2017, depicts a...Read More