Overshadowed by news of U.S. tariffs on imported steel and aluminum, Fed chairPowell and NY Fed President Dudley made comments that indicate monetary policyis in play, setting up the USD for further gains. Powell expressed concern thatthe Fed policy could fall behind the curve if they maintained the currentgradual tightening path, ultimately forcing them to raise rates too quickly andrisk recessio...Read More
NEW YORK, March 1 (Reuters) - The chief executive officer ofAmerican Outdoor Brands Corporation , maker of Smith &Wesson guns, on Thursday said some gun retailers reportedincreased foot traffic and sales after the Florida high schoolshooting.CEO James Debney, on a conference call with investors todiscussearnings, briefly addressed the Feb. 14 attack atStoneman Douglas High School in Parkland,...Read More
Leading commentaries from U.S. session:* Fear of trade war adds to troubled USD/JPY outlook * Powell, Dudley give legs to USD bull trade * EUR/USD downside risks are growing * Cable's 2018 gains in jeopardy as Brexit talks meander * Trump trade stance could boost dollar * JPY dip on Powell's soft Senate start a buy * PCE merely pauses USD and JPY Fed Disclaimer: The views expressed in this artic...Read More
PRAGUE, March 2 (Reuters) - The Czech crown currency'srecent firming has tightened monetary conditions in the economyand lessened the need for interest rate hikes, central bankboard member Vojtech Benda said in an interview with HospodarskeNoviny.Benda had been on the hawkish side of the seven-member boardlast autumn when he said the economy could take 50-75 basispoints in rate increases by the en...Read More
** SKY Network Television Ltd falls as much as 3.3pct to NZ$2.38, an all-time low** Co announced lower subscriber numbers, interim dividendcut on Wednesday ** Stock posts its biggest intraday percentage fall sinceFeb. 28** Stock on track for third straight daily loss** Stock is thebiggest percentage loser on the S&P/NZX 50Index ** Up to Thursday's close, stock had fallen 12.5 pct thisyear comp...Read More
Plenty of conflicting factors in a busy offshore session. Trump to impose steel& aluminium tariffs ; Juncker responded , which spookedstocks & commodities, cautious Powell saw UST yields & USD slip .Stronger US inflation, softer consumer spending , soft Brexit looksunlikely , EZ PMIs resilient . S&P -1.3%, Vix +13% to22.5, EM ETFs -0.2%, Eurofirst 300 -1.3%. WTI trades -0.5%, coppe...Read More
MEXICO CITY, March 1 (Reuters) - Mexico's lower house ofCongress approved a bill to regulate the fast-growing financialtechnology sector on Thursday, including crowdfunding andcryptocurrency firms, putting it among a small group ofcountries to establish regulation for the industry.The bill, which seeks to promote financial stability andprevent money laundering, was approved by Mexico's Senate inDe...Read More
By Noel RandewichSAN FRANCISCO, March 1 (Reuters) - The specter of a tradewar started by U.S. President Donald Trump rattled Wall Streeton Thursday and exacerbated worries about inflation and thefuture of a nine-year bull market.The S&P 500 slumped 1.33 percent after Trump said the UnitedStates would impose duties on imported steel and aluminum,making good on promises to aggressively challenge...Read More
March 1 (Reuters) - SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.35 percent to 833.98 tonnes on Thursday from 831.03 tonnes on Wednesday.In terms of ounces, holdings rose to 26,813,431 ounces from 26,718,580.15. (Bengaluru Commodities desk) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitc...Read More
* AUD/USD whippy offshore as Trump's tariff imposition negates upbeat Fed* Wall St, US yields and USD dive on Trump's tariff announcement * AUD gains muted as Fed's Powell, Dudley confident on economy * Free trade reliant Australia could be severely impacted by trade wars* Selling AUD against JPY and euro safer way to express bearishness* Converging 100 & 200 DMAs at 0.7775-85 to cap in Asia;...Read More
* Opened +0.6% with a softer USD amid US trade war threat & softer USTyields* Juncker promised a firm response to potential US tariffs * Only a small tweak in stance expected from the ECB this month * Bounce leaves neutral momentum studies, 5, 10 & 20 DMAs slip - negativebias* Bullish outside day would be validated by a close above 1.2273 NY high* Bears need a close below 1.2172, 38.2% Nov...Read More
Viva Gold Corp (TSX-V:VAU) (the "Company" or "Viva") is pleased to report a Mineral Resource estimate for the Tonopah Gold Project located on the prolific Walker Lane Gold Trend of Western Nevada about 20 miles northeast of the town of Tonopah, Nevada.Read full newsRead More
The U.S. oil and gas industry on Thursday slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.Officials at the nation's top energy industry trade groups issued statements urging Trump to reconsider the idea, and a source familiar with Exxon Mobil Corp's investment plans said the tariff co...Read More
* Canadian dollar at C$1.2823, or 77.98 U.S. cents* Loonie touches weakest since Dec. 19 at C$1.2895* Bond prices higher across yield curve* 10-year yield touches six-week low at 2.170 percentBy Fergal SmithTORONTO, March 1 (Reuters) - The Canadian dollar edgedhigher against its U.S. counterpart on Thursday, recovering froman earlier 10-week low as the greenback broadly fell andinvestors weighed p...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge') is pleased to announce that it will be participating in the PDAC International Convention on March 4-7, 2018 at Booth #2442 in the Investors Exchange. The conference is being hosted at the Metro Toronto Convention Centre in Toronto, Canada.Read full newsRead More
* Dow Jones Industrial Average falls 422 points on tariffsnews* Interest rate worries keeps investors nervous* U.S. yield curve steepens after Fed chief comments* Oil slides on worries about crude supply, U.S. dollarBy Herbert LashNEW YORK, March 1 (Reuters) - Stocks tumbled on Wall Streetwhile the U.S. dollar fell on Thursday after President DonaldTrump said the United States would impose tariffs...Read More
CME GOLD DEPOSITORY STATISTICS GOLD Report Date:01 MAR 2018Troy Ounce Activity Date:28FEB18 DEPOSITORY PREV TOTALRECEIVEDWITHDRAWNET CH.ADJUST.TOTAL TODAYBRINK'S, INC. Registered130779 788 0788 0 131568Eligible218623 0 00 0 218623Total*349403 788 0788 0 350191DELAWARE DEPOSITORY Registered 22719 0 00-14698 8020Eligible 88881 0 00 14698 103580Total 111600 0 00 0 111600HSBC BANK, USARegistered 86137...Read More
Jonathan Spicer, Jennifer AblanNEW YORK (Reuters) - Richard Clarida, an economist at fund manager Pimco, has emerged as a front-runner to become the Federal Reserve’s next vice chair, according to two people familiar with the effort to fill the depleted upper ranks of the U.S. central bank.The White House has interviewed Clarida, seen by Republicans as a safe pair of hands, and at least thre...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More