Recent News

TABLE-Australia Q4 capital spending fell 0.2 pct

February 28, 2018 / www.kitco.com

SYDNEY, March 1 (Reuters) - Private new capital expenditurein Australia in the December quarter, released by the AustralianBureau of Statistics on Thursday. Actual new capital expenditure:(in A$ bln, chain volume measures, seasonally adjusted)ASSET Q4 Building structures 16.186 Equipment, plant, machinery 13.386 Total 29.572 Latest estimates for business investment spending in currentprices:2017/1...Read More

BUZZ-AUD/USD-Eases below support on weaker CAPEX

February 28, 2018 / www.kitco.com

* AUD/USD edging below 61.8 of 0.75010.8136 at 0.7744 on weaker Q4 CAPEX* Headline CAPEX -0.2% vs expectations of plus 0.9%* A clear break below 0.7740 opens way for a move to 0.7500 at some stage 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; howev...Read More

GLOBAL MARKETS-Stock slide, dollar near 5-week high as Powell revives Fed rate fears

February 28, 2018 / www.kitco.com

* MSCI Asia-Pacific index down 0.35 pct, Nikkei sheds 0.85pct* Asia weighed after Wall St suffers worst month in 2 years* Dollar supported amid prospects of hawkish Fed By Shinichi SaoshiroTOKYO, March 1 (Reuters) - Asian stocks skidded on Thursdayafter comments from the Federal Reserve's new chief rekindledfears about the pace of U.S. monetary tightening this year,sending Wall Street tumbling for...Read More

ADVISORY-Alert on China official manufacturing PMI repeats previous day's news, please ignore

February 28, 2018 / www.kitco.com

Please ignore the alert on China's official manufacturing PMIpublished at 0015 GMT on Thursday. The PMI was released onWednesday and was covered in this report . 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 t...Read More

BUZZ-USD/CNY fix expected near flat, Caixin PMI due

February 28, 2018 / www.kitco.com

* USD/CNY fix expected range 6.3320-6.3370, close to prev 6.3294* Spot likely continues to gyrate in narrow technical range* Breakout from 6.2951-6.3394 span needed for momentum* China Caixin PMI data due, Wed official data was poor * Markets didn't simply shrug if off as Lunar New Year effect* SSEC tumbled 1.0% Wed, partly due to Wall St selloff<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-EUR/JPY off hard as both USD/JPY, EUR/USD down large

February 28, 2018 / www.kitco.com

* EUR/JPY down hard yesterday, EUR sales and JPY buys, tech support broken.* Cross toyed with ascending 200-DMA since Friday, decisive break yesterday.* From 131.50 to 130.05, 200-DMA up at 131.27 today, resistance.* 130.00 pierced early, 130.10 to 129.92, any option KOs at 130.00 history.* Fibo retracements again in sight, 38.2% of 114.86-137.51 at 128.85.* Option expiries today to upside - 131.0...Read More

BUZZ-Australia's Taruga Gold doubles on deal to buy cobalt-copper projects in Congo

February 28, 2018 / www.kitco.com

** Taruga Gold Ltd surges as much as 100 pct toA$0.165, its highest since Dec. 3, 2014** The mineral explorer says it signs option agreements tobuy cobalt-copper projects in the Democratic Republic ofCongo ** Stock posts its biggest intraday pct jump since Feb. 4,2013** Over 10 mln shares change hands, compared with the 30-dayaverage of 506,483 shares Disclaimer: The views expressed in this arti...Read More

BUZZ-Kawasaki Heavy tumbles after co reveals manufacturing error for bullet train crack

February 28, 2018 / www.kitco.com

** Kawasaki Heavy Industries tumbles 5.1 pct to3,720 yen, its lowest since late Dec** Co reveals manufacturing error for bullet train crack **Kawasaki Heavy Industries Ltd has underperformed theTokyo SE TOPIX Transportation Equipment Stock Price Index sector by 10.5 percentage points in the past one month.** The main stock index NIKKEI 225 INDEX has fallen4.46 percent in the past month.** As of 00...Read More

BUZZ-USD/MYR-Poised for a stronger correction of Nov-Feb decline

February 28, 2018 / www.kitco.com

* USD/MYR to continue to exert pressure on 3.9285, 76.4% of 3.9420-3.8850move* Break to yield test of 3.9420 Feb high as solid base forms at3.8850-3.8900* Underpinned by 2-year yield which reach highest since Sept 2008 * AXJ bloc could be affected if China Caixin mfg PMI disappoints today* China official PMIs Wed herald sharp slowdown before NPC * MY Jan CPI +2.7% y/y, slowest in over a year, BNM...Read More

In break from past, U.S. gun stocks slide after mass shooting

February 28, 2018 / www.kitco.com

By Noel RandewichSAN FRANCISCO, Feb 28 (Reuters) - For years, the shares ofgunmakers have tended to climb in the wake of mass shootings,but the second-deadliest shooting at a public school in U.S.history may have changed that.Since the killing of 17 students and staff at MarjoryStoneman Douglas high school in Parkland, Florida, on Feb. 14,there has been an outpouring of calls for gun control measu...Read More

China Stocks-Factors to watch on Thursday

February 28, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -0.9 pct, HSI -1.4 pct* HK->Shenzhen Connect daily quota used 1.9 pct, Shenzhen->HK daily quota used 8.2 pct* CNY official close 6.324 per dollar* FTSE China A50 -1.6 pct, BNY Mellon ADR China Select Index -0.2 pctSHANGHAI, March 1 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that m...Read More

BUZZ-Australia's MG Unit Trust falls after regulator delays Saputo-Murray Goulburn deal

February 28, 2018 / www.kitco.com

** Shares of dairy firm Murray Goulburn's funding vehicle MGUnit Trust falls as much as 5.3 pct to A$0.8, itslowest since Dec 14** Australian Competition & Consumer Commission (ACCC)raises concerns about Canadian cheese maker Saputo Inc's proposed buy-out of co** ACCC flagged concerns that deal would ultimately lead tolower prices being paid to dairy farmers in a region of Victoriastate ** Sto...Read More

BUZZ-COMMENT-JPY at a crossroads after offshore volatility

February 28, 2018 / www.kitco.com

A sharp risk selloff overnight saw stocks, commodities, EM ETFsall lower & the JPY stronger. Analysts are suggesting a delayedreaction to Fed chair Powell's testimony on Tuesday , but it was month-end, which often results in flowsthat have to be executed to get back within prudential limits -rather than discretionary trades. CME futures have shown largeJPY shorts for some time, so trimming of...Read More

BUZZ-Australia's Mineral Resources falls most in 2-1/2 months

February 28, 2018 / www.kitco.com

** Mining infrastructure provider Mineral Resources Ltd falls as much as 9.5 pct to A$17.21, its lowest sinceFeb. 6** Stock posts its biggest intraday pct fall since Dec. 11,on track for third straight daily loss** Stock among the biggest pct losers on the S&P/ASX 200Index ** Up to Wednesday's close, stock had fallen 10.1 pct thisyear, compared with a 0.8 pct decline in the S&P/ASX 200 Ind...Read More

BUZZ-USD/SGD stalemate may resolve higher as stocks slide

February 28, 2018 / www.kitco.com

* USD/SGD stalemate may resolve higher on close above 1.3260* Risk aversion from o/n stock losses sets firm tone for USD/AXJ* Bollinger uptrend channel may lead to break of Ichimoku Cloud top* Surpassing the Cloud would also take out 1.3300 psych barrier* China Caixin PMI due later could be next market catalyst* US-China trade talks kick off today, tariffs in focus <^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More

BUZZ-USD/JPY bias down on overhang of longs, risk-off

February 28, 2018 / www.kitco.com

* Combo of risk-off sentiment and JPY short overhang to weigh on USD/JPY.* Higher Fed dot plots, more than expected hikes giving market risk-off air.* From 107.68 post-Powell spike high, USD/JPY down to 106.57 yesterday.* Asia so far 106.59-71, Japan exporter/spec sell-rally strategies in again.* Option expiries mostly to upside - 107.47-50 1.16 bln, 107.60-75 705 mln.* Mega expirations next week...Read More

TABLE-S.Korea Feb exports climb for 16th straight month

February 28, 2018 / www.kitco.com

SEOUL, Mar 1 (Reuters) - Following are South Korea'spreliminary export and import figures for February, released bythe Ministry of Trade, Industry and Energy on Thursday(rounded): Feb*Jan Balance ($ billion) 3.3 3.6 Exports ($ billion)44.949.2 (pct growth vs yr ago) +4.0 +22.3 Imports ($ billion)41.645.6 (pct growth vs yr ago)+14.8 +21.1* Revised NOTES:- Exports expanded for a 16th straight month...Read More

DIARY-Government Debt Auctions to March 30

February 28, 2018 / www.kitco.com

March 1 (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 1-MarSpain Bond auction 1-MarUnited KingdomAuction of 0 3/4 % Treasury Gilt 2023 1-MarJapan 3-month discount bill auction 1-MarJapan Auction of 10-year government bonds 5-Mar...Read More

BUZZ-New Zealand King Salmon Co hits near 5-mnth low on bleak profit outlook

February 28, 2018 / www.kitco.com

** New Zealand King Salmon Co Ltd falls as much as5.53 pct to NZ$1.880, its lowest since Oct. 3, 2017** "The extraordinarily hot summer has impacted the survivalrates of our King salmon, and this will be a principal factorbehind an anticipated reduction in profits for the second half"says Chairman John Ryder ** The producer of king salmon fish posts its biggestintraday pct fall since Feb...Read More

DIARY-Emerging Markets Economic Events to April 30

February 28, 2018 / www.kitco.com

March 1 (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 ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------THURSDAY, MARCH 1SINGAPORE - 24th A...Read More

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