Recent News

BUZZ-S.Korea stocks with N.Korea exposure rally on Prsident Moon's plan to send special envoy

March 01, 2018 / www.kitco.com

** Shares of companies with exposure to North Korea rallyafter S.Korea's President Moon Jae-in on Thursday said he plansto send a special envoy to Pyongyang ** Clothing companies such as In The F Co Ltd soars more than 12 pct to its 13-month high, while Shinwon rises 6.5 pct** Both companies own a branch in Kaesung Industrial Complexin North Korea** Broader market down 1.5 pct as of 0042 GMT Dis...Read More

BUZZ-Australia EVZ Ltd hits over 1-mth high on new contracts

March 01, 2018 / www.kitco.com

** EVZ Ltd rises as much as 16.7 pct to A$0.028,its highest since Jan. 15** Energy and engineering services firm's unit securescertain contracts for A$11.2 mln ($8.69 mln) ** Stock posts biggest intra-day pct gain since Jan. 12** About 2.2 mln shares have changed hands, compared withthe 30-day average of 649,985 shares($1 = 1.2890 Australian dollars) Devika.Syamnath.thomsonreuters.com@reuters.net)...Read More

POLL-TAKE A LOOK-Reuters March polls on the outlook for major economies

March 01, 2018 / www.kitco.com

March 2(Reuters) - Reuters has surveyed around 80 economists on the outlook for growth, inflationand central bank policy in the euro zone.Other stories on the U.S., UK and Japan economic outlook to follow the comingweeks.> Euro zone economic growth momentum has peaked, say economists DETAILED DATA AND CROSS-COUNTRY COMPARISONFor Reuters poll data by economic indicator, select country and prefer...Read More

BUZZ-Japan's Ito En tumbles after co cuts net profit forecast

March 01, 2018 / www.kitco.com

** Ito En dives 10 pct to 4,020 yen, its lowestsince mid November** Co cuts net profit outlook by 10 pct to 12.35 bln yenfrom 14 bln yen for FY ending April 2018 ** As of 00:27 GMT, about 386.50 thousand shares of theTokyo-to-based company have been traded, about 198.9 percent oftheir 30-day moving average of 194.28 thousand shares a day.** Among the 3 analysts that cover Ito En Ltd, the currentav...Read More

Renforth Commences Geophysics on New Alger Property

March 01, 2018 / bit.ly

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that Eagle Geophysics of Sorel, Qc has been retained to fly a helicopter borne high resolution Quadri-Mag, VLF and AFMAG Survey over our New Alger project which hosts both the Thompson-Cadillac Mine Area maiden resource and the Discovery Veins gold system.Read full newsRead More

UPDATE 1-U.S.-based junk bond funds post 7th straight week of outflows

March 01, 2018 / www.kitco.com

(Adds quotes from head of research services at Thomson ReutersLipper, table)By Jennifer AblanNEW YORK, March 1 (Reuters) - U.S.-based junk bond fundsposted $703 million of outflows for the week ended Wednesday,their seventh straight week of cash withdrawals, Lipper datashowed on Thursday.But higher up in the credit-quality spectrum, U.S.-basedinvestment-grade corporate bond funds attracted $1.37 b...Read More

S.Korea's factory sector expands marginally in February

March 01, 2018 / www.kitco.com

SEOUL, March 2 (Reuters) - South Korea's factory activityexpanded for a second straight month in February as growth inoutput and new orders was sustained, a private manufacturingsurvey showed on Friday.The Nikkei/Markit purchasing managers' index (PMI) onoperating conditions for the manufacturing sector was 50.3 forFebruary, compared with January's 50.7.The 50-point level separates expansion from...Read More

UPDATE 1-U.S. holds 'frank' talks on trade with Chinese envoy -White House official

March 01, 2018 / www.kitco.com

(Adds details of Lui He's meetings)WASHINGTON, March 1 (Reuters) - The Trump administrationheld "frank and constructive" talks with Chinese President XiJinping's top economic adviser, Liu He, on Thursday, a WhiteHouse official said, the same day U.S. President Donald Trumpsaid he would impose steep tariffs on imported steel andaluminium in a veiled threat to China."We underscored th...Read More

BUZZ-Australian gold stocks higher as prices bounce off lows

March 01, 2018 / www.kitco.com

** Australia's gold index rises as much as 1.3 pct,in a broader market that fell about 0.8 pct** Gold prices edged up from 2-month lows hit in theprevious session as the dollar scaled back from multi-week highs** The dollar fell to two-week lows against the yen anddropped from seven-week highs versus the euro on Thursday onfears of an imminent trade war after U.S. President Donald Trumpsaid the Un...Read More

BUZZ-Australia's Southern Cross Media Group sees more than 22-month low in ex dividend trade

March 01, 2018 / www.kitco.com

** Radio content creator Southern Cross Media Group Ltd falls as much as 4.1 pct to A$1.045, its lowest sinceApril, 2016** Stock is trading ex-dividend today** Stock posts its biggest intraday pct fall since Feb. 23,when it declared interim results ** Up to Thursday's close, stock hadfallen 8 pct this yearcompared with a 1.5 pct decline in the S&P/ASX 200 Index Messaging: Aaron.Saldanha@thomso...Read More

BUZZ-GBP/USD-Hammer on candles - May in focus tonight

March 01, 2018 / www.kitco.com

* Flat as Asia open - closed +0.1%, capped by Brexit uncertainty * May to outline wide ranging free trade agreement today * 1.3712 rebound leaves hammer reversal signal - close above 1.3785validates* Momentum studies, 5, 10 & 20 DMAs head lower - bearish trending setup* 1.3700, 61.8% Dec/Jan rise initial significant support* NY 1.3712/1.3785 range is initial support/resistance<^^^^^^^^^^^^^...Read More

BUZZ-USD/CNY fix watched for China reaction to US tariffs

March 01, 2018 / www.kitco.com

* USD/CNY fix estimate range 6.3300-6.3350 vs prev 6.3352* O/n DXY slippage to drag fix down from 6.3430 official close* Announcement of US tariffs may impact CNY fix * China could use FX as tool to retaliate * Whittling the yuan would help offset Trump's tariffs <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CNYfix: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>...Read More

China Stocks-Factors to watch on Friday

March 01, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.6 pct, HSI +0.7 pct* HK->Shanghai Connect daily quota used 4.3 pct, Shanghai->HK daily quota used 18 pct* HK->Shenzhen Connect daily quota used 6.4 pct, Shenzhen->HK daily quota used 12.7 pct* CNY official close 6.3575 per dollar* FTSE China A50 +0.6 pct, BNY Mellon ADR China Select Index -0.8 pctSHANGHAI, March 2 (Reuters) -...Read More

UPDATE 1-S.Korea's Jan factory output rebounds on strong export growth

March 01, 2018 / www.kitco.com

(Adds analyst comment, detail)* Jan factory output +1.0 pct m/m s/adj (Reuters poll +2.0pct)* Jan factory output +4.6 pct y/y (Reuters poll +3.2 pct)By Cynthia Kim and Dahee KimSEOUL, March 2 (Reuters) - South Korea's industrial outputrebounded in January, official data showed on Friday, reflectingstrong export demand for memory chips and petroleum products. A measure of factory utilisation increa...Read More

BUZZ-USD/JPY on back, mood risk-off as Trump targets trade

March 01, 2018 / www.kitco.com

* USD/JPY initially up o/n on good US data but trade takes limelight later.* From 107.20, pair down hard on Trump goes on trade offensive.* Japan not targeted as of yet but part of greater Asia, mood risk off.* Nikkei already in 2.4%+ plunge after TSE open, US Treasury yields off too.* 106.16 low o/n, Asia so far 106.08-27, some bids still pre-106.00.* Total USD1.6 bln+ option expiries 106.50-107....Read More

BUZZ-USD/MYR retreats as US tariffs rock stock markets

March 01, 2018 / www.kitco.com

* USD/MYR fades away from Bollinger uptrend channel 3.2960* Risk aversion hits stocks after US tariff headlines * Asia markets likely to swoon, haven USD could rally later* But economic implications sink US yields, damping dollar* US 10y falls to 2.82%; partly on toned-down Powell * Another regression in oil prices supportive for USD/MYR<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

Tokyo's Nikkei share average falls 2.29 pct

March 01, 2018 / www.kitco.com

TOKYO,March 2 (Reuters) - Japan's benchmark Nikkei average fell 2.29 percent to 21,226.99 on Friday, while the broader Topix shed 1.81 percent to 1,708.77. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/XPCT 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...Read More

POLL-Euro zone economic growth momentum has peaked, say economists

March 01, 2018 / www.kitco.com

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP 2018 GDP growth poll data* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUCPIAP 2018 inflation poll data* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBR%3DECI ECB refinancing rate poll dataBy Rahul KarunakarBENGALURU, MARCH 2 (Reuters) - Euro zone economic momentumh...Read More

Tokyo's Nikkei share average opens down 1.77 pct

March 01, 2018 / www.kitco.com

TOKYO,March 2 (Reuters) - Japan's benchmark Nikkei average opened down 1.77 percent at 21,339.98 on Friday, while the broader Topix shed 1.65 percent to 1,711.46. (Reporting by Tokyo markets team) Keywords: MARKETS JAPAN STOCKS/OPEN 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 accur...Read More

DIARY-Government Debt Auctions to March 30

March 01, 2018 / www.kitco.com

March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington DATE COUNTRY AUCTION DETAILS 5-MarFranceAuction of BTF Treasury notes 5-MarNetherlands DTC auction 5-MarNorwayAuction of Treasury bills 6-MarSpain Auction of 6- and 12-month Treasury bills 6-MarUnited Kin...Read More

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