SHANGHAI, Apr 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose for five consecutive days to a seven-week high and towards 91 overnight as the US 10-year treasury yield inched closer to 3% and as the market raised their anticipation of four interest rates hikes this year. A cooler US-China trade tension also hel...Read More
SHANGHAI, Apr 24 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose for five consecutive days to a seven-week high and towards 91 overnight as the US 10-year treasury yield inched closer to 3% and as the market raised their anticipation of four interest rates hikes this year. A cooler US-China trade tension also hel...Read More
The U.S. Treasury announced it was softening its stance on Russian oligarch Oleg Deripaska's United Co. Rusal, a move that sent aluminum prices plunging Monday. The Treasury said in a statement early Monday, April 23, that it will provide sanction relief to Rusal if Deripaska agrees to cede control of the aluminum producer. In the same statement, the U.S. extended the deadline for companies...Read More
Investing.com - Gold prices fell to their lowest levels in two weeks on Monday as a stronger dollar and renewed risk appetite dampened demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.10 cents or 0.55% to $1,331.20 a troy ounce by 04:57 AM ET (08:57 AM GMT).The U.S. dollar index, which measures the greenback’s...Read More
One Stat You Need to Know The concerns over 10-year yields passing 3% should be balanced with strength in Corporate America. First quarter earnings have seen 83% of companies beating profit estimates, the best ratio in more than two years according to Fundstrat's Tom Lee. Profits are tracking up 20% year-over-year, led by technology, materials, energy and financials. Via @BrianSozzi Market...Read More
The latest news and price moves to start the Asian day on Tuesday April 24. Base metals prices on the London Metal Exchange ended lower at the close of trading on Monday April 23, with aluminium falling 7.5% after the United States announced it wouldn't impose secondary sanctions against Rusal. Read more in our live futures report. Here are how prices looked at Monday's close:The US Treasury Depar...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for June delivery gained 24 cents to $68.64 on the New York Merc, while Brent for June gained 65 cents to $74.71 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a dismal 57-103-134. The TSX Venture Exchange fell seven points to 797 while rough diamond prices were flat this past week. Thomas Yingling's Berkwood Resources Ltd. (BKR), lost one-ha...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $11.40 to $1,323.80 on Monday. The TSX Venture Exchange fell 7.55 points to 797.41 while the TSX Gold Index slipped 1.53 points to 190.26. Tahoe Resources Inc. (THO) led Canadian gold miners lower today, droppin...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange slipped 7.55 points to 797.41. Praveen Varshney's AAJ Capital 1 Corp. (AAJ) has an update on its qualifying transaction. The company's QT target, PharmaCielo Ltd., has arranged to sell $60-million worth of subs...Read More
The latest news and price moves to start the Asian day on Tuesday April 24. Base metals prices on the London Metal Exchange ended lower at the close of trading on Monday April 23, with aluminium falling 7.5% after the United States announced it wouldn't impose secondary sanctions against Rusal. Read more in our live futures report. Here are how prices looked at Monday's close:The US Treasury Depar...Read More
The UK National Contact Point released a report today where it states that Kazakh mining giant Eurasian Resources Group flouted the rights of thousands of people living on its cobalt and copper concession in the Lualaba province of the Democratic Republic of Congo.According to the UK government body for the OECD Guidelines for Multinational Enterprises, the company was aware that water supplies fo...Read More
https://www.bloomberg.com/Hedge funds just made an abrupt about face in the palladium market as U.S. sanctions against Russian titans spark concerns that the world's largest producer of the metal will get caught in the cross hairs.After the U.S. slapped penalties on United Co. Rusal, American officials have sent conflicting signals about whether fresh sanctions will be imposed on other companies o...Read More
Last week index score: 44.24 (updated)This week: 21.62Prospero Silver (TSX-V: PSL) announced a non-brokered private placement to raise up to C$1.0 million through the issuance of up to 11.1 million units @ C$0.09. The Oreninc Mining Deal Club sent out its sixth financing alert to its subscribers. Sign up today to get the details and an opportunity to participate: www.miningdealclub.comThe Oreninc...Read More
Over the course of the past few months, a resurgence in precious metals, particularly in gold, is taking place. Investors, initially lured by the lucrative profits from cryptocurrencies, came running back to the arguably safer and more secure precious metals market as Bitcoin and other currencies fell.Chief among those gold stocks that investors have long turned to is Barrick Gold Corp. (TSX:ABX)(...Read More
In the summer of 2017, the spat between the United States and North Korea took centre stage and proved a boon for precious metals prices. Geopolitical events have been a key mover not just for precious metals, but also for oil in recent weeks. Gold breached the key $1,350 threshold in early September. Prices have once again been influenced by geopolitical events in the wake of heightening tensions...Read More
Bruce Power has signed CAD914 million (USD712 million) in advanced manufacturing contracts for its major component replacement (MCR) that starts in 2020 and will allow the site to provide low-cost, carbon-free electricity to Ontario to 2064. Announcing the deals yesterday, Bruce Power said its Life-Extension Programme - which includes the MCRs on units 3-8 - remains on time and on budget.The Bruce...Read More
Base metals on the London Metal Exchange were broadly lower at the close of trading on Tuesday April 24, with aluminium and nickel continuing to drop. The three-month nickel price dropped below $14,000 per tonne for the first time since April 13, with volumes traded at their lowest since April 6."Trade tensions dragged nickel into the spotlight, but fundamentals have come back in to play," Geordie...Read More
The European Union must ensure it retains sovereignty over energy and climate, French President Emmanuel Macron told the European Parliament last week. Reducing emissions must remain a priority for Europe, and replacing phased-out nuclear plants with coal would not achieve this, he warned.Emmanuel Macron debates the future of Europe with MEPs on 17 April (Image: European Union 2018 - European Parl...Read More
Alumina prices set a fresh multi-year high on Tuesday April 24, consolidating above $700 per tonne with no immediate respite in supply restrictions on the cards. Metal Bulletin's benchmark daily fob Australia alumina index set a fresh high on Tuesday, calculated at $707.75 per tonne, up from $703.75 per tonne the previous day. The index had dipped to $661.32 per tonne late last week after a c...Read More