Richard LeongNEW YORK (Reuters) - More investors are favoring U.S. bonds that profit from a pickup in inflation as the global economy gathers momentum with oil and other basic commodity prices recently hitting multi-year highs.As a result, market forces in key economies and efforts by their policymakers might finally be aligning to lift inflation to 2 percent, a level the Federal Reserve and its c...Read More

(Adds share move, analysts comment)By Rachit VatsJan 10 (Reuters) - U.S. airline stocks rose after American Airlines Group Inc on Wednesday became the second major airline this week to forecast higher unit revenue for the fourth quarter.Analysts said forecasts for the key performance metric from American Airlines, the No.1 U.S. airline, and smaller rival United Airlines confirm fares are trending...Read More

Editor's Note:View Kitco News' full 2018 outlook coverage(Kitco News)- Known as a fan favorite, the Expert Series brings togetherwell-known investors and Kitco regulars to find out where they will be puttingtheir money in 2018.Addinga twist this year's feature, we have asked popular mining sectoranalysts for their thoughts on the mining sector and what companies they likein the new year.This time,...Read More

Editor's Note:View Kitco News' full 2018 outlook coverage(Kitco News) - Known as a fan favorite, the Expert Series brings together well-known investors and Kitco regulars to find out where they will be putting their money in 2018.Adding a twist this year's feature, we have asked popular mining sector analysts for their thoughts on the mining sector and what companies they like in the new year. Thi...Read More

MEXICO CITY, Jan 10 (Reuters) - Mexico's currency weakened against the dollar on Wednesday and stocks extended losses after a Reuters report said Canada increasingly believes that U.S. President Donald Trump will soon announce his intention to withdraw from the NAFTA trade treaty.Two government sources told Reuters they expected Trump to make his move at about the same time that negotiators from t...Read More

MILAN/LONDON/NEW YORK, Jan 10 (Reuters) - Food giant Nestle plans to pick a buyer for its U.S. chocolate business by the end of this week, three sources close to the matter said on Wednesday, in a deal expected to top $2.5 billion.Italy's Ferrero is seen as a front-runner, according to several other sources, who said that the maker of the Nutella spread was keen to boost its presence in the U.S. m...Read More

By Trevor HunnicuttNEW YORK, Jan 10 (Reuters) - Investors are slimming down equity stakes bloated by a nearly decade-long bull market, withdrawing $22 billion from U.S. domestic stock funds in a single week, Investment Company Institute (ICI) data showed on Wednesday.The withdrawal, during the holiday-shortened week ended Jan. 3, marked the largest weekly retreat from the U.S.-based domestic stock...Read More

Analysts at Longbow today opined that while Apple Inc. (NASDAQ:AAPL) suppliers Qorvo Inc (NASDAQ:QRVO) and Skyworks Solutions Inc (NASDAQ:SWKS) were strong in 2017, weak trends out of China (subscription required) will linger in the first quarter. However, while Apple is facing scrutiny about a number of issues -- its slowing of older iPhones, youth phone addiction, and iPhone X demand, to name a...Read More

(Kitco News)- Correlations breakdowns between gold and critical financialmarkets could be a troubling signal for the yellow metal, which has seen astrong start to the new year, according to one trading firm.In a research note published on Seeking Alpha Tuesday,analysts at ANG Traders said that they had noticed a breakdown in gold’scorrelation to inflation expectations, and its negative relat...Read More

* China may slow or halt U.S. bond purchases -Bloomberg* Chinese govt seen constrained by forex stability concerns* Benchmark Treasury yield highest since March; dollar slides (Adds BreakingViews link, updates market action)By Dhara Ranasinghe and David LawderLONDON/WASHINGTON, Jan 10 (Reuters) - Chinese officials reviewing the country's vast foreign exchange holdings have recommended slowing or h...Read More

PARIS, Jan 10 (Reuters) - France's central bank is slightly raising its 2017 growth estimate due to stronger activity in the final quarter than previously thought, its head Francois Villeroy de Galhau said on Wednesday."We are going to revise up our fourth quarter growth forecast ... from 0.5 percent to 0.6 percent," Villeroy said in an interview with LCI television, citing in particular...Read More

By Carlo Martuscelli Rio Tinto PLC (RIO.LN) said Wednesday that it has received a binding offer from investment company Liberty House to acquire its aluminum smelter in France for $500 million. The Anglo-American multinational said it will launch a consultation process with its employees and other stakeholders in response to the binding offer. It expects the sale to complete in the second quarter...Read More

Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle.Read full newsRead More

(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month highWednesday. Safe-haven demand for the yellow metal was featured amid a rise inworld government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last u...Read More

* Dollar down; bond yields hit highs after China report* Lennar falls after reporting Q4 profit miss* United Continental up on strong traffic, boost Dow Transports* Indexes down: Dow 0.05 pct, S&P 0.14 pct, Nasdaq 0.31 pct (Updates to early afternoon)By Sruthi ShankarJan 10 (Reuters) - Wall Street's major indexes pared earlier losses on Wednesday as higher U.S. government bond yields drove gai...Read More

(Kitco News) - Gold prices ended the U.S. session higher and hit a nearly four-month high Wednesday. Safe-haven demand for the yellow metal was featured amid a rise in world government bond yields that troubled the marketplace. A lower U.S. dollar index on this day also provided support to the precious metals. February Comex gold was last up $5.60 an ounce at $1,319.40. March Comex silver was last...Read More

Keeping the food retail theme running, Thursday brings Tesco Plc (LON:TSCO) and Marks and Spencer Group Plc (LON:MKS) onto the schedule, following Morrisons, Sainsbury's and Lidl updates so far this week.Of course Marks is not just a grocer, and the trading statement will likely be in focus for investors who are trying to gauge the Christmas period for the broader retail sector.No doubt ASOS will...Read More

TIDMRIO RNS Number : 5078B Rio Tinto PLC 10 January 2018 Rio Tinto receives a binding offer for Aluminium Dunkerque 10 January 2018 Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto's Aluminium Dunkerque smelter in northern France for $500 million, subject to final adjustments. In accordance with French law, Rio Tinto will launch a consultation process with employees,...Read More

* Credit Suisse, Goldman Sachs acting as bookrunners* About 18 mln shares to be placed at 86.25-88.46 euros* Covestro shares down in late Frankfurt trade (Adds detail on placement, context)FRANKFURT/MUNICH, Jan 10 (Reuters) - German drugs and pesticides group Bayer on Wednesday said it was selling more of its stake in chemicals group Covestro , aiming to raise about 1.5 billion euros ($1.8 billion...Read More

(Repeats with no changes to text.)NEW YORK, Jan 10 (Reuters) - The U.S. Treasury Department on Wednesday sold $20 billion of 10-year government notes to strong demand at a yield of 2.579 percent, which was the highest since July 2014, Treasury data showed.The ratio of bids to the amount of 10-year notes offered was 2.69, which was the strongest since June 2016. The gauge of overall auction demand...Read More