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China Stocks-Factors to watch on Thursday

February 21, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.8 pct, CSI300 +0.4 pct, HSI +1.8 pct* HK->Shanghai Connect daily quota used 3.5 pct* HK->Shenzhen Connect daily quota used 6.2 pct* CNY official close 6.345 per dollar* FTSE China A50 +0.9 pct, BNY Mellon ADR China Select Index +1.6 pct SHANGHAI, Feb 22 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other n...Read More

DIARY-Government Debt Auctions to March 30

February 21, 2018 / www.kitco.com

Feb 22 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATECOUNTRY AUCTION DETAILS22-FebUnited States Sale of 7-year notes22-FebJapan 3-month discount bill auction22-FebJapan Auction of 20-year government bonds22-FebUnited KingdomAuction of 0 1/8% Index-linked...Read More

British Lawmakers Launch Inquiry Into Cryptocurrencies

February 21, 2018 / www.kitco.com

By Lawrence WhiteLONDON, Feb 22 (Reuters) - Britain's cross-party Treasury Select Committee of lawmakers on Thursday said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology.The probe will focus on the opportunities and risks posed to consumers, businesses and the government by the rising popularity of so-called cryptocurrencies, the committe...Read More

DIARY-Top Economic Events to March 27

February 21, 2018 / www.kitco.com

Feb 22 (Reuters) -For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 22 FRANKFURT - S...Read More

DIARY-Emerging Markets Economic Events to April 30

February 21, 2018 / www.kitco.com

Feb 22 (Reuters) - For other diaries, please see:Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, FEBRUARY 22 ** SUVA - Res...Read More

Race between Newmont and Barrick for top gold producer comes down to a decimal place

February 21, 2018 / www.bloomberg.com

Gold geeks will have to wait for Newmont Mining Corp. to disclose one more decimal place to see if it overtook Barrick Gold Corp. as the world's biggest bullion producer.Read full newsRead More

CORRECTED-UPDATE 9-Oil largely steady as dollar strengthens

February 21, 2018 / www.kitco.com

(Corrects paragraph 15 to 1.8 million instead of 1.3 million)* Dollar strengthens from three-year lows* U.S. crude stocks unexpectedly fall by 907,000 barrels* Coming Up: EIA data on U.S. oil inventories on Thursday By Stephanie KellyNEW YORK, Feb 21 (Reuters) - Oil prices were little changed on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dol...Read More

This Is What It Sounds Like When Doves Cry

February 21, 2018 / www.kitco.com

Traders and investors witnessed extreme volatility characterized by strong price swings taking gold prices both moderately higher as well as moderately lower in trading today.In a time span of only 70 minutes, gold prices fluctuated between a seven-dollar net gain followed by a six-dollar decline in prices.As of 3:30 PM Eastern standard time, April Comex gold futures are currently trading down $5....Read More

This Is What It Sounds Like When Doves Cry

February 21, 2018 / www.kitco.com

Traders and investors witnessed extreme volatility characterized by strong price swings taking gold prices both moderately higher as well as moderately lower in trading today.In a time span of only 70 minutes, gold prices fluctuated between a seven-dollar net gain followed by a six-dollar decline in prices.As of 3:30 PM Eastern standard time, April Comex gold futures are currently trading down $5....Read More

U.S. REITs slide on rate fears but may mark time to buy -Cohen & Steers

February 21, 2018 / www.kitco.com

By Herbert LashNEW YORK, Feb 21 (Reuters) - Fears of rising interest rates slammed real estate again on Wednesday after the release of Federal Reserve minutes, making the sector the worst-performing among U.S. equities on the day and the year, but potentially marking a good time to buy.Fear of rising rates and their impact on real estate investment trusts (REITs) is often misplaced, especially whe...Read More

RPT-UPDATE 1-Maximising returns: Chinese steel mills to ramp up output before curbs bite again

February 21, 2018 / www.kitco.com

(Repeats item for additional subscribers, no changes in text)By Manolo Serapio Jr and Ruby LianMANILA/SHANGHAI, Feb 21 (Reuters) - China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed. China shut down up to half o...Read More

Compass Minerals lays off workers at world's largest underground salt mine

February 21, 2018 / www.mining.com

Despite reporting increased revenue and operating earnings in 2017's last quarter, U.S.-listed Compass Minerals (NYSE:CMP) announced today that management fired 48 permanent workers from Goderich, the world's largest underground salt mine.The mine, named after the Ontario town where it is located, sits 1,800 feet under Lake Huron and provides a large portion of the 12.5 million tonnes of salt proc...Read More

Compass Minerals lays off workers at world's largest underground salt mine

February 21, 2018 / www.mining.com

Despite reporting increased revenue and operating earnings in 2017's last quarter, U.S.-listed Compass Minerals (NYSE:CMP) announced today that management fired 48 permanent workers from Goderich, the world's largest underground salt mine.The mine, named after the Ontario town where it is located, sits 1,800 feet under Lake Huron and provides a large portion of the 12.5 million tonnes of salt proc...Read More

UPDATE 1-U.S. arrests operator of shuttered bitcoin investment platform

February 21, 2018 / www.kitco.com

(Recasts story to focus on criminal case, adds further details from court papers)By Nate RaymondFeb 21 (Reuters) - The operator of a shuttered bitcoin-denominated exchange was arrested on Wednesday on federal charges that he lied to U.S. securities regulators to avoid taking responsibility for the theft by hackers of virtual currency now worth nearly $70 million.Federal prosecutors in Manhattan a...Read More

UPDATE 3-Demand fair for 5-year Treasury notes in near-record supply week

February 21, 2018 / www.kitco.com

(Adds quotes, details and background on indirect bidders)By Kate DuguidNEW YORK, Feb 21 (Reuters) - Investors showed fair demand for the $35 billion of five-year notes auctioned by the U.S. Treasury Department on Wednesday, part of a bumper sales week as the government boosts issuance to help fund President Donald Trump's tax overhaul and a two-year budget deal.This week's issuance of $258 billio...Read More

UPDATE 1-Continental profit beats Street as production surges

February 21, 2018 / www.kitco.com

(Adds earnings comparison, stock movement)Feb 21 (Reuters) - U.S. shale oil producer Continental Resources Inc posted a better-than-expected quarterly profit on Wednesday, helped by rising production and surging crude prices .The results reflect the broader push in the industry to boost output only when profitable. Continental easily exceeded that mark during the quarter, with executives vowing t...Read More

UPDATE 1-Asia Morning Call-Global Markets

February 21, 2018 / www.kitco.com

Feb 22 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,943.72.846 NZX 50**8,309.15 108.88DJIA24,797.78-166.97 NIKKEI**21,970.8145.71Nasdaq7,218.228-16.08FTSE**7,281.57 34.80S&P 500 2,701.33 -14.93Hang Seng** 31,431.89558.26SPI 200 Fut 5,9162.00STI** 3,516.23 39.70SSEC**3,199.4757 14.52 KOSPI** 2,429.65 14.53-------------------------------------------------------------...Read More

GLOBAL MARKETS-Stocks fall, yields and dollar rise after Fed minutes

February 21, 2018 / www.kitco.com

* U.S. dollar index hits one-week high* Wall Street gives back gains after Fed minutes* Euro slips, sterling down on unemployment data* U.S. Treasury 10-year yield hits four-year high (Updates Wall Street to close; updates throughout)By Hilary RussNEW YORK, Feb 21 (Reuters) - The benchmark 10-year U.S. Treasury yield hit a four-year high, the dollar rose and stocks fell on Wednesday in a rocky ses...Read More

CANADA STOCKS-Canada close at 2-1/2-week high, led by financials

February 21, 2018 / www.kitco.com

(Adds details, updates to close)By Nichola SaminatherTORONTO, Feb 21 (Reuters) - Canada's main stock index closed at a 2-1/2-week high on Wednesday, led by financials and industrials, with all sectors but technology posting gains.The Toronto Stock Exchange's S&P/TSX composite index closed up 84.57 points, or 0.55 percent, higher at 15,524.01, its strongest close since Feb. 2.* Canadian stocks...Read More

Fremont to acquire property in world's second richest gold province

February 21, 2018 / www.mining.com

Vancouver-based Fremont Gold (TSX.V: FRE) announced today that it has entered into an option agreement with Ely Gold Royalties and its wholly-owned subsidiary Nevada Select Royalty to acquire 12 unpatented lode mining claims covering approximately 100 hectares in Elko Country, Nevada.The claims sit on the northern Carlin Trend, which is the second richest gold province in the world, with total his...Read More

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