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 1 ** TORONTO, Canad...Read More
TOKYO,March 1 (Reuters) - Japan's benchmark Nikkei average opened down 0.76 percent at 21,901.13 on Thursday, while the broader Topix shed 0.78 percent to 1,754.43. (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 acc...Read More
* Terms of trade rise 0.8 pct in Q4* Export jump led by record prices for lamb, butter (Adds detail on record high, economist comment)By Charlotte GreenfieldWELLINGTON, March 1 (Reuters) - New Zealand's terms of trade reached a record high in the fourth quarter of 2017 as record prices for lamb and butter exports offset a jump in the price of oil, the country's main import, official data showed on...Read More
(Corrects year-on-year measure in opening pragraph to 2016 from"last year")TOKYO, March 1 (Reuters) - Japanese companies raisedspending on factories and equipment in October-December by 4.3percent from the same period in 2016, Ministry of Finance datashowed on Thursday.Excluding software, capital expenditure rose 3.1 percentfrom the previous quarter on a seasonally adjusted basis.The dat...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
Several different tools and charts suggest that a new major low for gold could be established this spring.This May, options delta and gamma are pricing in a pullback before May.Time cycle analysis suggests that a major low could occur in mid-May.Introduction Without a doubt, gold continues to be in an uptrend since late 2015. While this uptrend continues, we can expect to see higher highs and high...Read More
Yesterday’s testimony by Jerome Powell, the recently appointed chairman of the Federal Reserve, significantly underlined the fact that we are now deeply immersed in a period of quantitative normalization.In response to the economic meltdown and the recession that resulted from bank failures, an outcome of their lending practices, starting in 2008 the Federal Reserve initiated a systematic ap...Read More
Tuesday was a hard day for many of the major markets, but they managed to bounce back into the green on Wednesday morning.Read full newsRead More
Yesterday’s testimony by Jerome Powell, the recently appointed chairman of the Federal Reserve, significantly underlined the fact that we are now deeply immersed in a period of quantitative normalization.In response to the economic meltdown and the recession that resulted from bank failures, an outcome of their lending practices, starting in 2008 the Federal Reserve initiated a systematic ap...Read More
A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andr?(C)s Manuel L??pez Obrador poses "minimal downside risks to an otherwise strong outlook" for Mexico's mining industry.According to the market research firm, the populist candidate's policy goals would indeed represent a major shift from the current administration and that is why they have stoked...Read More
A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andr?(C)s Manuel L??pez Obrador poses "minimal downside risks to an otherwise strong outlook" for Mexico's mining industry.According to the market research firm, the populist candidate's policy goals would indeed represent a major shift from the current administration and that is why they have stoked...Read More
* 4th-quarter U.S. economic growth revised down * Booking Holdings, TJX gain after earnings* Celgene falls after FDA rejects filing for MS drug * Indexes down: Dow 1.5 pct, S&P 1.1 pct, Nasdaq 0.8 pct(Adds details on U.S. stocks' monthly decline)By Caroline ValetkevitchNEW YORK, Feb 28 (Reuters) - U.S. stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries ov...Read More
FULL DISCLOSURE: Kintavar Exploration Inc. is a paid client of Stockhouse Publishing.Read full newsRead More
NEW YORK, Feb 28 (Reuters) - Investment manager LJM Partners Ltd on Wednesday said it plans to shut down by the end of April following losses during the market's recent bout of volatility, according to a letter sent to investors.LJM will not resume trading and will return all remaining funds to investors, according to the letter reviewed by Reuters. (Reporting by Trevor Hunnicutt; Editing by Lisa...Read More
(Updates prices)SAO PAULO, Feb 28 (Reuters) - Mexican equities fell sharply again on Wednesday, capping their worst month in 6-1/2 years, as a mediocre corporate results season wrapped up amid uneasy negotiations to save the North American Free Trade Agreement.Markets also continued to be spooked following a relatively hawkish speech by the newly appointed head of the Federal Reserve Jerome Powell...Read More
(Adds details on quarterly revenue, eanrings forecast)NEW YORK, Feb 28 (Reuters) - Mylan NV said on Wednesday its fourth-quarter earnings fell due to declining revenue from its EpiPen emergency allergy injector and weak U.S. prices for generic drugs.The drugmaker reported net income of $244.3 million, or 46 cents a share, in the quarter, down from $417.5 million, or 78 cents a share, last year. E...Read More
By Trevor HunnicuttNEW YORK, Feb 28 (Reuters) - U.S. fund investors are sending a message that things are different after the market tumble, putting more cash into international stocks but showing less tolerance for bonds, Investment Company Institute (ICI) data showed on Wednesday.During the week ended Feb. 21, world stock funds pulled in $7.4 billion while their domestic counterparts posted with...Read More
The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian...Read More
The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian...Read More
GFG Resources (TSX-V:GFG) announced today that it has completed the acquisition of Rapier Gold.In a press release, the company explained that the buy-out was an integral part of its plans to consolidate a piece of land west of the gold mining district of Timmins, Ontario. With this addition, GFG now controls 565 square kilometres of gold assets in the eastern Canadian province.The consolidated lan...Read More