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BUZZ-Major miners Rio Tinto and BHP slip after Trump comments on tariffs

March 01, 2018 / www.kitco.com

** Metals miner Rio Tinto falls as much as 1.4 pct,while larger rival BHP trades 1.6 pct lower** U.S. President Donald Trump said on Thursday that UnitedStates would impose import tariffs on steel and aluminium,raising concerns about a trade war ** "Any kind of challenge to world trade and global growthmeans there is real risk for our markets," said said MathanSomasundaram, market portfo...Read More

BUZZ-USD/IDR dampened but technical uptrend still in play

March 01, 2018 / www.kitco.com

* USD/IDR opens at 13720 from prev close 13745, but rebounds* Last at 13730, likely to maintain bullish bias in channel* Fri close above 13690 will keep long bets in favour* USD dampened after Trump's tariffs send US yields sliding* Bond buying and global stock selloff cue general risk aversion* USD/EM pairs will struggle against the tide, likely rise later <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-USD-IDR dampened but technical uptrend still in play

March 01, 2018 / www.kitco.com

* USD/IDR opens at 13720 from prev close 13745, but rebounds* Last at 13730, likely to maintain bullish bias in channel* Fri close above 13690 will keep long bets in favour* USD dampened after Trump's tariffs send US yields sliding* Bond buying and global stock selloff cue general risk aversion* USD/EM pairs will struggle against the tide, likely rise later <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-Japan's Matsuya rises after strong Feb sales at main store

March 01, 2018 / www.kitco.com

** Department store operator Matsuya Co rises 3.7pct to 1,546 yen** Co says February sales at its main store in Ginza rose12.3 pct on year** Co has underperformed the Tokyo SE TOPIX Retail TradeStock Price Index sector by 3.7 percentage points inthe past one month** The main stock index NIKKEI 225 has fallen 1.56percent in the past month** As of 01:03 GMT, about 106.00 thousand shares of theTokyo-...Read More

BOJ offers to buy Y 250 bln Treasury Discount Bills outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 250 billion yen in treasury discount bills oughtright from 3/6. 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 effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can...Read More

BOJ offers to buy 250 bln yen JGBs (Residual maturity of 1YR to 3YR) outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 250 billion yen in JGBs outright with residual maturities of more than 1 year and up to 3 years from 3/6. 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 effort to ensure accuracy of information provided; however, ne...Read More

BOJ offers to buy 330 bln yen JGBs (Residual maturity of 3YR to 5YR) outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 330 billion yen in JGBs outright with residual maturities of more than 3 years and up to 5 years from 3/6. 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 effort to ensure accuracy of information provided; however, n...Read More

BOJ offers to buy 450 bln yen JGBs (Residual maturity of 5YR to 10YR) outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 450 billion yen in JGBs outright with residual maturities of more than 5 years and up to 10 years from 3/6. 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 effort to ensure accuracy of information provided; however,...Read More

BOJ offers to buy Y 25 bln JGB (Inflation-indexed bonds) outright from 3/6

March 01, 2018 / www.kitco.com

Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy outright 25 billion yen in inflation-indexed Japanese government bonds from 3/6. 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 effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. n...Read More

UPDATE 1-Japan jobless rate hits 25-year low, inflation ticks up

March 01, 2018 / www.kitco.com

* Jan jobless rate falls to 2.4 pct vs f'cast 2.7 pct* Tokyo Feb core CPI +0.9 pct vs Jan +0.7 pct* Data bodes well for BOJ's battle to hit price goal (Adds quotes, detail)By Sumio Ito and Leika KiharaTOKYO, March 2 (Reuters) - Japan's unemployment rate hit a25-year low in January and job availability stayed at atwo-decade high, government data showed on Friday, offeringpolicymakers hope a strengt...Read More

BUZZ-USD/PHP beaten down as risk aversion sinks US yields

March 01, 2018 / www.kitco.com

* USD/PHP opens lower at 51.84 from prev close 51.92* Downturn in US yields, linked to risk aversion, tug on USD* US 10y slips to 2.82% from 2.86%; Powell tones down optimism* USD/PHP now tests 20 DMA support 51.83, despite stocks slide* Risk aversion may escalate and revive USD/AXJ later* Trump's tariffs plan rocks equities globally <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^P...Read More

BUZZ-COMMENT-USD/JPY to continue lower in March? Flows eyed

March 01, 2018 / www.kitco.com

USD/JPY could trade lower still into March and flows from various players willbe scrutinized closely. Japanese retail players and medium-to-longer termJapanese investors are long . Some offshore specs too as CFTC IMMCTA data bear out. The situation will likely be little changed when fresh data(as of this Tuesday) are released tonight. Anecdotal evidence suggest retailplayers in particular have bee...Read More

BUZZ-NZ's Kathmandu Holdings touches more than 7-1/2 month low

March 01, 2018 / www.kitco.com

** Outdoor retailer Kathmandu Holdings Ltd falls asmuch as 6.4 pct to NZ$2.06, its lowest since July 6** Stock has fallen in six of the last seven sessions** Stock posts its biggest intra-day pct fall since April 19** Stock is the biggest pct loser on the S&P/NZX50 Index ** Up to Thursday's close, stock had fallen 9.5 pct thisyear compared with a 0.7 pct decline in the S&P/NZX50 Index Mess...Read More

BOJ o/n call rate data for 3/1 Revised

March 01, 2018 / www.kitco.com

March 02 (BOJ Financial Markets Department) - The Bank of Japan announced the following interest rates for Japan's benchmark overnight call money. weighted average rate-0.052 percent highest rate 0.001 percent lowest rate-0.073 percent 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 effort to ensure ac...Read More

BOJ: c/a balance & market operations (3/1) - Revised

March 01, 2018 / www.kitco.com

BOJ money market operations and current account deposit (3/1)March 02 (BOJ Financial Markets Department)in billion yen 3/1 Projected Preliminary RevisedBank notes -90 -90 -90Treasury funds and others-1310 -1210 -1210------------------------------------------------------------------------------Market balance -1400 -1300 -1300--------------------------------------------------------------------------...Read More

BUZZ-EUR/USD-Tight early - Asia FX watches as stocks slump

March 01, 2018 / www.kitco.com

* +0.1% in early Tokyo - FX sidelined as stocks slump - Nikkei -2.5%* Economists poll suggests EZ growth has peaked, but resilient * Bullish outside day would be validated by a close above 1.2273 NY high * Momentum studies conflict, 5, 10 & 20 DMAs slip - negative setup* Targets a close below 1.2172, 38.2% Nov/Feb rise, tested in NY* 1.2200-10 913M, 1.2250 2.6BLN & 1.2300 826M are the clos...Read More

BUZZ-S.Korea's Posco hits 4-wk low on US steel tariffs plan

March 01, 2018 / www.kitco.com

** S.Korean steelmaker Posco falls more than 3pct to a four-week low** U.S. President Donald Trump announced on Thursday hewould impose hefty tariffs on imported steel and aluminium toprotect U.S. producers ** Other steel shares such as Hyundai Steel andDongkuk Steel also down nearly 3 pct** Broader market slumps 1.4 pct as of 0105 GMT Disclaimer: The views expressed in this article are those of...Read More

REFILE-GLOBAL MARKETS-Asia extends Wall St selloff as Trump sparks fears of trade war

March 01, 2018 / www.kitco.com

(Refiles to fix typographical error in first paragraph)* Trump's tariff on steel and aluminium raises trade warfears* U.S. debt yields fall as trade worries dwarf inflationjitters* U.S. junk bonds post largest fall since Nov 2016By Hideyuki SanoTOKYO, March 2 (Reuters) - Stock markets in Asia extended aselloff on Wall Street as investors were rattled after PresidentDonald Trump announced the Unite...Read More

FOREX-Dollar sags after Trump's tariff decision takes wind out of recovery

March 01, 2018 / www.kitco.com

* Dollar index pulled back from 6-week highs* Trump's steel & aluminium tariff plan stops dollar'srecovery* Euro awaits weekend Italy elections for near-term cues* Pound edges off 7-week lows, focus on May's speechBy Shinichi SaoshiroTOKYO, March 2 (Reuters) - The dollar drooped on Friday,having pulled sharply back from six-week highs after U.S.President Donald Trump's decision to impose tarif...Read More

BUZZ-Japan's steelmakers underperform on U.S. import tariff worries

March 01, 2018 / www.kitco.com

** Steelmakers tumble; Nippon Steel & Sumitomo Metal Corp down 3.7 pct to 2,424 yen, lowest since last June; JFEHoldings declines 3.7 pct to 2,323 yen, lowest sincelast Oct; Kobe Steel falls 3.0 pct to more than 2-weeklow of 1,122 yen** President Donald Trump said the United States wouldimpose import tariffs on steel and aluminium ** Trump said the duties of 25 percent on steel and 10percent o...Read More

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