Recent News

RPT-EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

January 12, 2018 / www.kitco.com

(Repeats with no change to headline or text)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk te...Read More

EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

January 12, 2018 / www.kitco.com

(Updates prices, adds details on Mexican peso)By Bruno and FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into j...Read More

UPDATE 1-Speculators boost bearish bets on U.S. dollar

January 12, 2018 / www.kitco.com

(Adds details, comments, table, byline)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spe...Read More

RT @JavierBlas2: The Rockefellers vs Exxon Mobil -- #OOTT #oil $XOM

January 12, 2018 / nymag.com

The family that pioneered the oil industry in America wants to expose what Exxon hid from the public about climate change.Read full newsRead More

#Gold and #Copper May Have More Room to Run in 2018, Bank of #China Says

January 12, 2018 / www.bloomberg.com

The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.Read full newsRead More

CANADA STOCKS-Lumber and gold stocks boost TSX, offset drop in pot stocks

January 12, 2018 / www.kitco.com

(Adds details, comment on marijuana stocks, updates prices to close)* TSX ends up 21.24 points, or 0.13 percent, at 16,308.18* Six of the TSX's 10 main groups move lower* Index slips 0.25 percent on week TORONTO, Jan 12 (Reuters) - Canadian lumber companies and gold miners gained and the country's biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly...Read More

Bank Earnings, Retail Sales Push Stocks to Record Highs

January 12, 2018 / www.schaeffersresearch.com

U.S. stocks have done it again, extending their quest for record highs. Well-received bank earnings drove stocks higher, led by JPMorgan Chase (JPM). In addition, traders applauded solid retail sales data, with holiday spending surging by the most since 2005, according to the National Retail Federation. Against this backdrop, the Dow enjoyed a second straight gain of more than 200 points, and has...Read More

US STOCKS-Wall St hits new highs on earnings optimism, data

January 12, 2018 / www.kitco.com

* Consumer discretionary is top gainer, utilities biggest loser* Retail sales rise 0.4 percent; core sales up 0.3 percent* Rising rents, healthcare costs boost underlying U.S. inflation* Indexes up: Dow 0.79 pct, S&P 0.61 pct, Nasdaq 0.61 pct (Updates to close, adds commentary)By Sinead CarewJan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-qu...Read More

Banco do Brasil puts Banco Patagonia share sale on hold -sources

January 12, 2018 / www.kitco.com

BUENOS AIRES/SAO PAULO, Jan 12 (Reuters) - Banco do Brasil plans to wait for better market conditions before listing shares of Banco Patagonia, in which it has a majority stake, the CEO of Brazil's state-run bank told Banco Patagonia board members on Friday, two sources familiar with the matter said.CEO Paulo Rogerio Caffarelli reiterated in Buenos Aires that Banco do Brasil was not currently look...Read More

Fed's Rosengren says falling jobless rate a risk to sustained growth

January 12, 2018 / www.kitco.com

Jan 12 (Reuters) - The recent drop in U.S. unemployment poses a bigger risk to the sustainability of the economic recovery than lower-than-expected inflation, Boston Fed president Eric Rosengren said Friday.Inflation has run stubbornly below the Fed's 2-percent goal even as unemployment has fallen to 4.1 percent and looks set to decline further. Some Fed policymakers have urged waiting on rate hik...Read More

CANADA STOCKS-TSX ekes out gain at end of down week as resource stocks rise

January 12, 2018 / www.kitco.com

TORONTO, Jan 12 (Reuters) - Canada's main stock index ended barely higher on Friday, as rising gold miners, lumber companies and other resource stocks offset sharp losses for cannabis producers. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 21.24 points, or 0.13 percent, at 16,308.18. It lost 0.25 percent over the course of the week. (Reporting by Alastair Sharp;...Read More

US STOCKS SNAPSHOT-Wall St hits new highs on bank earnings, economic optimism

January 12, 2018 / www.kitco.com

NEW YORK, Jan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.The Dow Jones Industrial Average rose 228.46 points, or 0.89 percent, to 25,803.19, the S&P 500 gained 18.67 points, or 0.67 percent, to 2,786.23 and the...Read More

DIARY - Today in Washington - Jan 15

January 12, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------Martin Luther King Jr. Day (federal holiday)------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Washington economics team) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every eff...Read More

RT @tbiesheuvel: Investors are piling into commodities

January 12, 2018 / www.bloomberg.com

Investors are betting there's more to come from commodities after a surge in industrial metals and oil prices.Read full newsRead More

Exciting News from AIM Journal's 100th Edition

January 12, 2018 / www.proactiveinvestors.co.uk

AIM Journal writer Andrew Hore tells Proactive that since the journal's inception in 2009, many companies featured on AIM have positively grown. Andrew discusses trading statements on US based construction company Somero and computer games co-developer Sumo, giving Proactive insights into the pertinent facts and figures.  Meet Netscientific PLC, discoverIE Group plc, Itaconix Plc and Realm Th...Read More

GLOBAL MARKETS-Dollar at 3-yr low vs euro; stocks extend record run

January 12, 2018 / www.kitco.com

* Euro surges on ECB tapering hopes; sterling jumps* Wall St scales record highs on earnings optimism, data* U.S. yields up on inflation, 2-year highest since 2008 crisis* Oil adds to rally, heads for fourth week of gains (Updates with oil settlements)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - The U.S. dollar slumped to a more than three-year low against the euro on Friday, extending rec...Read More

Gold consolidates daily gains below $1330 as US stocks extend rally

January 12, 2018 / www.fxstreet.com

Wall Street starts the last day of the week higher. Core-CPI comes in slightly above market expectations. DXY looks to close the week at multi-month lows. After rising to its highest level in nearly four months at $1333, the XAU/USD pair started consolidating its daily gains as the ongoing rally of the major equity indexes in the U.S. weighed on the demand for traditional safe-havens. As of writ...Read More

Speculators' net short U.S. dollar bets rise in latest week -CFTC, Reuters

January 12, 2018 / www.kitco.com

NEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and C...Read More

Chile's Cencosud says expects $400 mln in investment this year

January 12, 2018 / www.kitco.com

SANTIAGO, Jan 12 (Reuters) - Chilean retailer Cencosud said on Friday it plans to make $400 million in investments this year and expects revenue of $16.5 billion over the 12-month period.One of the largest retailers in South America, Cencosud said that its investment plan could be revised depending on the sale of non-strategic assets. (Reporting by Felipe Iturrieta; editing by Diane Craft) Discla...Read More

U.S. Stocks Soar Again as Energy and Retail Lead

January 12, 2018 / www.schaeffersresearch.com

While the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all got a taste of defeat this week, with the Dow suffering -- gasp! -- two losing sessions, U.S. stocks once again cruised to an impressive weekly win and fresh record highs, extending their historic start to the year. There was again some Trump-related turbulence, with reports suggesting the president...Read More

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