LONDON (Reuters) - The European Union’s existing system of market access for foreign financial firms is not perfect but can work for Britain after it leaves the bloc next year, the EU’s financial services chief said on Tuesday.The so-called equivalence system is based on Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems th...Read More

HONG KONG (Reuters) - China’s breaches of World Trade Organization (WTO) rules are detrimental to the United States and there are worrying signs that the world’s second-largest economy is moving backward, the U.S. consul general of Hong Kong and Macau said on Tuesday.Kurt Tong was speaking at the Foreign Correspondents’ Club amid escalating tensions after China and the United Sta...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most...Read More

There is a decisive breakdown in the gold to silver ratio, in favor of silver.The ratio has corresponded with rising silver prices, which were up 3.0% for the week to close at $17.16.Gold was lower by 0.7% or $10 for the week to close at $1,338.By Christopher Aaron In early March, we proposed that the gold to silver ratio was forming an important topping pattern and that in order for the ongoing p...Read More

NEW YORK, April 24 (Reuters) - The U.S. Treasury yield curve flattened in early U.S. trading on Tuesday with the benchmark 10-year yield holding below 3 percent in advance of a $32 billion auction of two-year government notes.At 8:20 a.m. (1220 GMT), the spread between two-year and 10-year Treasury yields narrowed 0.6 basis point at 48.60 basis points after hitting its steepest levels in two weeks...Read More

(Reuters) - The Dow Jones Industrial Average .DJI was set to open roughly 150 points higher on Tuesday after Caterpillar and United Technologies led a slew of strong earnings reports from members of the blue-chip index.With U.S Treasury yields easing slightly from the peaks hit on Monday, the results from industrial heavyweights helped reinforce optimism about the pace of U.S. economic growth an...Read More

STOCKHOLM, April 24 (Reuters) - Swedish engineering group Sandvik beat first-quarter operating earnings expectations on Tuesday boosted by strong results in its metal-cutting tools business, the group's main profit generator. But results in its mining gear business were slightly weaker than anticipated, taking some of the shine off the overall beat and sending shares lower after an initial rise.At...Read More

CHICAGO (Reuters) - Caterpillar Inc (CAT.N) on Tuesday upgraded the outlook for 2018 profits after the world’s largest heavy-duty equipment maker beat estimates for first-quarter earnings on strong global demand for its equipment.Shares, part of the Dow Jones Industrial Average .DJI, were up 4.25 percent in pre-market trading.The Deerfield-?EUR?Illinoisbased company now expects the full-yea...Read More

(Reuters) - Lockheed Martin Corp (LMT.N), the Pentagon’s No.1 weapons supplier, reported a better-than-expected quarterly profit and raised its full-year forecast, driven by higher sales of its F-35 combat jets.Shares of the company rose 1.4 percent to $363.7 in premarket trading on Tuesday.Revenue from the company’s aeronautics business, which makes the F-35 jet, rose 6.7 percent to $...Read More

CAT and UTX are just two Dow components trading higher after earningsA round of well-received corporate earnings reports has the U.S. stock market signaling a positive start. Pre-market gains for blue chips Caterpillar (CAT), Verizon Communications (VZ), and United Technologies (UTX) have Dow Jones Industrial Average (DJI) futures trading well above fair value, while the S&P 500 Index (SPX) and Na...Read More

The broad-market tracker is staring up at a $25 trillion market cap, among other key technical levelsIt's been a lengthy sideways chop for the S&P 500 Index (SPX) since the Jan. 26 all-time closing high of 2,872.87 -- with emphasis resting on the "chop" more so than the "sideways," given the high-volatility gaps and swings that have characterized the last few months of broad-market equity action....Read More

(Reuters) - Drugmaker Biogen Inc’s (BIIB.O) quarterly revenue missed Wall Street expectations on Tuesday as sales of its fastest-growing drug Spinraza disappointed, partly due to lower uptake in the United States, while mounting competition hurt its top earner Tecfidera.Shares of the company fell 2.6 percent to $252.50 before the bell.Biogen is banking on spinal muscular atrophy drug Spinraz...Read More

LONDON (Reuters) - Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran.Brent crude, the global benchmark, rose to its highest level since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for...Read More

Freeport-McMoRanInc. (NYSE: FCX) reports first-quarter net income rose to $692 million,or 47 cents per share, from $228 million, or 16 cents, in the same period ayear ago. After adjusting for net gains of $13 million, the adjusted profit was$679 million, or 46 cents. Freeport is the world’s largest publicly tradedcopper company but is also a major gold producer. First-quarter copper sales of...Read More

Freeport-McMoRan Inc. (NYSE: FCX) reports first-quarter net income rose to $692 million, or 47 cents per share, from $228 million, or 16 cents, in the same period a year ago. After adjusting for net gains of $13 million, the adjusted profit was $679 million, or 46 cents. Freeport is the world’s largest publicly traded copper company but is also a major gold producer. First-quarter copper sal...Read More

LONDON (Reuters) - The uncertainty being generated by U.S. trade tariffs is already hurting investment in the global economy and could do serious damage to world growth, ECB policymaker Francois Villeroy de Galhau said on Tuesday.Financial markets and economists have been spooked this year by moves from Donald Trump’s U.S. administration to ramp up tariffs on countries such as China.“W...Read More