Recent News

TREASURIES-Borrowing plan, Fed signal on rate hikes flattens U.S. yield curve

January 31, 2018 / www.kitco.com

* Fed hints of further rate hikes on expected inflation pickup* U.S. leans on short-dated debt to fund growing deficit* ADP data shows further improvement in U.S. labor market* Global bond markets suffer worst month in over a year (Updates market action, adds quotes)By Richard LeongNEW YORK, Jan 31 (Reuters) - The spread between longer-dated U.S. Treasury yields and short-dated ones contracted to...Read More

Stocks Shake Off Post-Fed Slump; Nasdaq Has Best Month in Years

January 31, 2018 / www.schaeffersresearch.com

The Dow was up more than 200 points at its intraday high on a boost from blue-chip Boeing's (BA) impressive earnings, but erased these gains after the Fed said inflation is expected to "stabilize around" its 2% target this year -- a hawkish shift from previous language -- which sent the 10-year Treasury yield soaring to a nearly four-year peak. Nevertheless, the central bank unanimously voted to k...Read More

CORRECTED-(OFFICIAL)-FOREX-Euro pares gains after ECB Coeur?(C)'s remarks

January 31, 2018 / www.kitco.com

(In paragraph 2, ECB corrects Coeur?(C)'s quote in transcript of RT?? interview to say "our monetary policy" instead of "foreign monetary policy")NEW YORK, Jan 31 (Reuters) - The euro fell to U.S. session lows against the dollar on Wednesday, further paring its earlier gains in the wake of comments from European Central Bank executive board member Beno?(R)t Coeur?(C).In an int...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 31, 2018 / www.kitco.com

Feb 1 (Reuters) - Stock MarketsNet Chng Stock MarketsNet ChngS&P/ASX 200** 6,037.70 14.90NZX 50**8,420.04 -21.97DJIA**26,149.3972.50NIKKEI**23,098.29-193.68Nasdaq**7,411.4829.00 FTSE**7,533.55 -54.43S&P 500** 2,823.81 1.38 Hang Seng** 32,887.27279.98SPI 200 Fut 5,978.0-3.0 STI** 3,533.99 -14.75SSEC**3,481.5094 -6.50KOSPI** 2,566.46 -1.28-----------------------------------------------------...Read More

UPDATE 1-A modern land run? Trump move opens Utah to mining claims under 1872 law

January 31, 2018 / www.kitco.com

(Adds details, comment from Energy Fuels, Congressman Grijalva)By Valerie VolcoviciWASHINGTON, Jan 31 (Reuters) - U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m....Read More

CANADA STOCKS-TSX closes at 8-week low as global sentiment wanes on Fed rate hike view

January 31, 2018 / www.kitco.com

TORONTO, Jan 31 (Reuters) - Canada's main stock index inched down on Wednesday to close at its lowest level in eight weeks, as global equity investors drew back after the U.S. Federal Reserve indicated more rate hikes were in store.The Toronto Stock Exchange's S&P/TSX composite index slipped 3.84 points, or 0.02 percent, to 15,951.67. (Reporting by Nichola Saminather; Editing by Peter Cooney)...Read More

Argentina companies list on U.S. exchanges ahead of expected rate hikes

January 31, 2018 / www.kitco.com

By Walter BianchiBUENOS AIRES, Jan 31 (Reuters) - Argentine companies are rushing to list shares on U.S. exchanges beginning this week to beat an expected hike in interest rates by the U.S. Federal Reserve, analysts said, while taking advantage of an improved investor climate under President Mauricio Macri after years of populist rule.Airport operator Corporaci??n Am?(C)rica Airports and power gen...Read More

Australian shares set to slide; NZ falls

January 31, 2018 / www.kitco.com

Feb 1 (Reuters) - Australian shares are poised to slide on Thursday, pressured by a fall in iron ore prices that could hurt related commodity stocks and by a decline on Wall Street, following hawkish comments by the U.S. Federal Reserve.Iron ore on the Dalian Commodity Exchange fell 1.4 percent at 510 yuan on Wednesday.Meanwhile, U.S. stocks reversed from gains earlier in the session to trade lowe...Read More

NZ job ads grow 3.1 pct in January, fastest pace in three years - ANZ survey

January 31, 2018 / www.kitco.com

WELLINGTON, Feb 1 (Reuters) - Job advertisements in New Zealand jumped 3.1 percent in January, the largest monthly rise in three years, a survey by ANZ Bank showed on Thursday.Gains were led by the construction and manufacturing sector, amid severe skill shortages as the country goes through a building boom.Areas outside the main cities, such as the West Coast and Southland, saw the fastest growth...Read More

US STOCKS SNAPSHOT-Wall St ends little changed on inflation skittishness

January 31, 2018 / www.kitco.com

NEW YORK, Jan 31 (Reuters) - U.S. stocks finished little changed on Wednesday as indexes gave up early gains after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.The Dow Jones Industrial Average rose 72.57 points, or 0.28 percent, to 26,149.46, the S&P 500 gained 1.4 points, or 0.05 percent, to 2,823.83 and the...Read More

Electric Car Demand Set to Drive Copper Sky High

January 31, 2018 / www.marketslant.com

Copper was one of the best-performing commodities in 2017, skyrocketing more than 30 percent. In this video, I share my insight on growing copper demand due to a massive push for electric vehicles and clean energy in Asian markets, specifically China. With rising global GDP and positive purchasing manager's index (PMI) data, I believe electric vehicle demand will continue surging and investors mig...Read More

Where Is Gold Headed Next Week? VOTE NOW!

January 31, 2018 / www.kitco.com

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi

January 31, 2018 / www.proactiveinvestors.co.uk

Capita PLC (LON:CPI) isn't the only FTSE 250 company to have taken a battering today.Broadband and telephone provider Talktalk Telecom Group PLC (LON:TALK) is down almost 10% to 118p after analysts at Exane BNP Paribas cut their price to target price to 90p (from 140p).They argue that broadband customers are increasingly price sensitive - i.e. looking for bargains - which is putting pressure on ma...Read More

Where Is Gold Headed Next Week? VOTE NOW!

January 31, 2018 / www.kitco.com

(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More

Gold Bulls Fight For Control Of Immediate-Term Trend

January 31, 2018 / seekingalpha.com

Gold price closes barely above immediate-term trend line.U.S. dollar index is trying to bottom, however, which is pressuring gold.The outcome of this fight will likely be determined this week.Gold fell to a one-week low on Tuesday as the U.S. dollar showed signs of firming up. Some profit taking after gold's impressive 6-week rally was also in evidence. In this commentary we'll discuss gold's near...Read More

3 Reasons To Buy Visa Stock

January 31, 2018 / www.schaeffersresearch.com

Visa Inc (NYSE:V) has stormed into the new year, on track for its seventh straight monthly win. The blue chip financial firm is scheduled to report fourth-quarter earnings after tomorrow's close, and the stock could be on the cusp of a historically bullish month. Below, we will take a closer look at how Visa has been faring on the charts, and how options traders are speculating on the Dow stock.A...Read More

UPDATE 1-HNA unit Swissport gets financing for Aerocare deal

January 31, 2018 / www.kitco.com

(Adds comment on HNA partially repaying loan made by Swissport to affiliate)ZURICH, Jan 31 (Reuters) - Ground services and cargo handling group Swissport, a unit of cash-strapped Chinese conglomerate HNA Group , said it has secured a 325 million euro ($403 million) financing commitment from Barclays to support its acquisition of Australian ground handler Aerocare.The deal is now set to complete o...Read More

FOREX-Dollar rises after Fed statement, euro falls

January 31, 2018 / www.kitco.com

* Dollar turns positive after Fed meeting ends* Greenback still set for biggest monthly decline since March 2016* Euro falls after Fed statement, hovers near flat (New throughout, updates prices, market activity, adds commentary)By Stephanie KellyNEW YORK, Jan 31 (Reuters) - The U.S. dollar turned positive on Wednesday after the Federal Reserve left interest rates unchanged but said it expected in...Read More

Mexico inflation risks require firm monetary policy - cenbank

January 31, 2018 / www.kitco.com

MEXICO CITY, Jan 31 (Reuters) - Risks to Mexican inflation require timely and firm monetary policy action, the country's central bank said on Wednesday, supporting expectations the bank could hike rates in February.In an annual report to Congress the Bank of Mexico said it expected inflation to moderate and gradually converge towards its 3 percent target during 2018. (Reporting by Anthony Esposito...Read More

Canada PM Says Doesn't Think Trump Will Pull U.S. Out Of NAFTA

January 31, 2018 / www.kitco.com

David LjunggrenOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the $1.2 trillion trade pact.Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to revamp the North American Free Trade Agreemen...Read More

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