General Motors Company (NYSE:GM) is scheduled to report fourth-quarter earnings tomorrow morning. GM stock has a mixed history of post-earnings price action, but options traders are lining up on the bullish side of the fence ahead of the results, with nearly 67,000 calls traded so far today -- two times what's typically seen, and volume pacing in the 94th annual percentile.The March 50 call is mos...Read More
By Huw JonesLONDON, Feb 5 (Reuters) - British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said on Monday.Britain and the EU are negotiating the detail of a transition agreement to bridge the UK's departure from the bloc in March next year and start of new trading...Read More
* Stock markets extend recent selloff* Silver firms after biggest 1-day drop since Dec 2016* GRAPHIC-2018 asset returns: (Recasts throughout; updates prices, headline; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 5 (Reuters) - Gold prices steadied on Monday as a slide in stock markets helped the precious metal claw back some lost ground after logging its...Read More
BTU METALS CORP. ("BTU" or the "Company") (BTU:TSX:V) reports that it is currently mid-way through the previously announced drill program at its Shakespeare Gold properties (PR November 14, 2017) including the historic Shakespeare Mine shaft.Read full newsRead More
(Adds comments on tax cuts, yield curve, inflation, background)By Ann SaphirFeb 5 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari, who voted against the Fed's interest-rate hikes last year, said on Monday he needs more convincing that wages and prices are on the rise before he would support further monetary policy tightening.Wages rose faster last year in more states than in...Read More
Gold futures ended lower Monday, failing to rebound from last week's losses, as recent data showing stronger U.S. hiring and wages boosted the prospects for a more aggressive Federal Reserve approach to interest rates and continued to lift the dollar. U.S. stocks traded sharply lower Monday, part of a broader global equity selloff, but didn't fuel any haven-related investment demand to the yellow...Read More
ABOARD AIR FORCE ONE (Reuters) - With stock markets declining again, the White House on Monday said the fundamentals of the U.S. economy are strong.A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 5, 2018. REUTERS/Brendan McDermid“Markets fluctuate, but the fundamentals of this economy are very strong and they are headed in the right direction,&r...Read More
WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday.Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, chairman of the Securities and Exchange Commission, will prov...Read More
PARIS, Feb 5 (Reuters) - The French Treasury and central bank urged Credit Mutuel Arkea on Monday to present details about the impact that would result from its potential split from cooperative bank Credit Mutuel. The board of Credit Mutuel Arkea, part of France's fifth-biggest lender, gave its management approval this month to do whatever was necessary to break away from its parent group of coope...Read More
Feb 6 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,026.20 -95.20NZX 50**8,241.83 -173.46DJIA25,063.11-457.85 NIKKEI**22,682.08-592.45Nasdaq7,166.845-74.10FTSE**7,334.98 -108.45S&P 500 2,719.95 -42.18Hang Seng** 32,245.22-356.56SPI 200 Fut 5,911-49 STI** 3,482.93 -46.89SSEC**3,487.38 25.30 KOSPI** 2,491.75 -33.64------------------------------------------------------...Read More
Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday's settlement. Volumes were massive with nearly 30m ounces of April delivery gold traded by mid-afternoon as gold pared some of its earlier gains.Gold and the US dollar usually move in opposite directions but on Monday the metal attracted buyi...Read More
Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday's settlement. Volumes were massive with nearly 30m ounces of April delivery gold traded by mid-afternoon as gold pared some of its earlier gains.Gold and the US dollar usually move in opposite directions but on Monday the metal attracted buyi...Read More
MILAN, Feb 5 (Reuters) - Global Infrastructure Partners (GIP) has presented an offer to buy Italian railway group Italo, two sources close to the matter said.One source said the infrastructure fund offered 1.9 billion euros ($2.4 billion) for the whole railway firm, excluding debt. The source added Italo would hold a board meeting on Tuesday to discuss both the bid and a planned listing on the Mil...Read More
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 days. Stocks highlighted in yellow are new entries to the list, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names that stand out this time around are GPU giant NVIDIA Corporation (NASDAQ:NVDA) and automaker Ford Motor Company (NYSE:F). We'll break down som...Read More
(Kitco News) - Gold and silver markets were ending the U.S. day session near unchanged levels intwo-sided trading Monday. A bit of safe-haven demand was featured as worldequity markets are selling off, led by strong down-moves in the U.S. stockindexes. However, a rally in the U.S. dollar index to start the trading weekworked to mitigate buying interest in the precious metals markets. April Comex g...Read More
(Kitco News) - Gold and silver markets were ending the U.S. day session near unchanged levels in two-sided trading Monday. A bit of safe-haven demand was featured as world equity markets are selling off, led by strong down-moves in the U.S. stock indexes. However, a rally in the U.S. dollar index to start the trading week worked to mitigate buying interest in the precious metals markets. April Com...Read More
* S&P 500 down more than 1 pct in afternoon trading* 10-year Treasury yields hit four-year high overnight* Oil prices fall (Updates with afternoon U.S. markets' activity, changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - Stocks on global markets extended their recent selloff on Monday, led by declines in energy shares, while U.S. Treasury yields receded from...Read More
(Repeats to add graphics)By Chuck MikolajczakNEW YORK, Feb 5 (Reuters) - Energy stocks have got off to a strong start this year and look poised to run further, fueled in part by a rebound in oil prices, climbing U.S. production and investors looking to take advantage of shares that could be a bargain after a disappointing 2017.The S&P 500 energy index fell 3.8 percent in 2017, one of only two...Read More
• A modest USD uptick negated by sliding US bond yields. • Risk-off environment underpinning safe-haven demand. Gold held on to its modest recovery gains through the mid-European session but now seems struggling to gain any strong follow-through traction further beyond $1340 level. Reviving US Dollar demand, supported by Friday's strong US w...Read More
The shares of Dick's Sporting Goods Inc (NYSE:DKS) are suffering today, after Barclays downgraded the stock to "underweight" from "equal weight." The analyst said Dick's "is not positioned to sell the stylish athleisure product that the industry has evolved into," and pointed to accelerating competitive pressure for the bearish note, which included a price-target cut to $25 from $33. However, whil...Read More