(Kitco News)- There is little standing in gold’s way next week thatwill stop prices from pushing higher in what will be a shortened trading week,according to some analysts.The gold market is seeing its fifth weekly consecutivegain as prices hold near their highest level in four months. February gold futures lasttraded at $1,331.70 an ounce, up 0.7% since last Friday. Since its December lowgo...Read More
(Kitco News) - There is little standing in gold’s way next week that will stop prices from pushing higher in what will be a shortened trading week, according to some analysts.The gold market is seeing its fifth weekly consecutive gain as prices hold near their highest level in four months. February gold futures last traded at $1,331.70 an ounce, up 0.7% since last Friday. Since its December...Read More
By Marc JonesLONDON, Jan 12 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.YUAN TO WATCHNext week's data on Chinese GDP, industrial output and retail sales figures are expected to confirm a very modest slowdown is taking place in the world's second largest economy. It has been largely propell...Read More
Jan 12 (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker repeated on Friday his expectation for two interest-rate rises this year thanks to a "pretty good" U.S. economic outlook."I see two rate increases as the likely appropriate path for 2018," Harker said in prepared remarks in Ivyland, Pennsylvania that largely reflected a speech he gave a week ago.(R...Read More
LIMA, Jan 12 (Reuters) - Peru's economy likely grew "a little under" 2.7 percent last year because of weaker-than-expected public investments that factored into the bank's interest rate cut this week, the central bank said on Friday.But the bank still expects the economy to grow by 4.2 percent this year, as recent political uncertainty should be transitory, Jorge Estrella, the manager of...Read More
(Adds details on BlackRock tax rate, performance, succession plan)By Trevor HunnicuttNEW YORK, Jan 12 (Reuters) - BlackRock Inc charged past a record $6 trillion in assets, its profit beating Wall Street forecasts, as investors flooded into the relatively low-cost funds of the world's largest asset manager.A new U.S. tax law, which sliced corporate and individual income rates, also helped the com...Read More
Curzon Energy (LON:CZN) is ready for extensive well tests at Coos Bay coal bed methane project. Executive Director Thomas Wagenhofer tells Proactive how they will now be able to produce wells at better test rates. A five well workover programme has now been completed and outcomes have so far "completely correlated" with the pre-programme technical work, both on time and on budget. Sand and coal wa...Read More
With goldbeing up over 13% while the GDX was up just a paltry 7% in 2017, I stronglybelieve a major mean-reversion catch-up rally is in the process of unfolding inthe miners. Historically, the GDX would have leveraged the 13% gain in goldlast year by 2x to 3x for solid annual gains of at least 25% to 35%. But sinceinvestors were more focused on what seemed to be forever rising equity marketsand cr...Read More
With gold being up over 13% while the GDX was up just a paltry 7% in 2017, I strongly believe a major mean-reversion catch-up rally is in the process of unfolding in the miners. Historically, the GDX would have leveraged the 13% gain in gold last year by 2x to 3x for solid annual gains of at least 25% to 35%. But since investors were more focused on what seemed to be forever rising equity markets...Read More
China continues to gobble up the world's commodities, setting new records for consumption of everything from crude oil to soybeans.Read full newsRead More
BERLIN, Jan 12 (Reuters) - The leader of Germany's centre-left Social Democrats said on Friday he expects the European Union to have a finance minister to oversee financial issues in the bloc.The remarks by Martin Schulz to German broadcaster ZDF came hours after his party agreed a blueprint for negotiations with Chancellor Angela Merkel's conservatives on forming a coalition government."The...Read More
As a general rule, the most successful man in life is the man who has the best informationaheadoftheherd.comIn the 1800's the United States under President James Monroe invoked the Monroe Doctrine, which stated that any effort by European nations to control any independent state in North or South America would be viewed as "an unfriendly disposition towards the United States."The intent of the Mon...Read More
As a general rule, the most successful man in life is the man who has the best informationaheadoftheherd.comIn the 1800's the United States under President James Monroe invoked the Monroe Doctrine, which stated that any effort by European nations to control any independent state in North or South America would be viewed as "an unfriendly disposition towards the United States."The intent of the Mon...Read More
Cancer immunotherapy specialist Scancell Holdings Plc (LON:SCLP) has entered into a research collaboration agreement with European biopharma BioNTech as the two look to develop innovative T-cell therapies for the treatment of cancer. Scancell Co-Founder and Non-Executive Director Richard Goodfellow tells Proactive why the deal is significant for investors. The research collaboration will combine S...Read More
(Refiles to fix typo)* Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct* Retail sales up 0.4 pct vs est increase of 0.4 pct* Facebook falls after making changes to News Feed* Indexes up: Dow 0.76 pct, S&P 0.50 pct, Nasdaq 0.55 pct By Sruthi ShankarJan 12 (Reuters) - Wall Street's main indexes surged on Friday as strong results for JPMorgan lifted financial stocks and robust retai...Read More
World stocks hit a new all time high on Friday with U.S. equity futures rising for the 8th trading day out of 9 in 2018 and the Dow is just a little over 300 points away from 26,000. The euro surged to a three-year high as Germany was said to reach aRead full newsRead More
The euro jumped to its highest level in three years after German negotiators reached a preliminary accord on a coalition.Read full newsRead More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Jan 12 (Reuters) - Zinc prices edged up to their highest in more than a decade on Friday, supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels.Benchmark zinc on the London Metal Exchange climbed to $3,409 a tonne, the strongest since August 2007...Read More
FRANKFURT, Jan 12 (Reuters) - German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said. The company is working with Morgan Stanley , BNP Paribas and Unicredit as bookrunners on the deal alongside global coordinators Deutsche Bank and Credit...Read More
* Dollar falls to 3-year low against euro* Wall Street stocks gain in late morning trading (Adds U.S. market activity, changes byline, dateline; previous LONDON)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - A key global stock index was on track for an eighth week of gains on Friday and U.S. stocks rose amid a rally in bank shares and strong U.S December retail sales data, while a robust U.S...Read More