Recent News

FTSE 100 closes at third successive new high but retailers lag

January 11, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes at third successive highTesco and M&S shares fall after trading updatesAnglo American and Just Eat gain on broker upgradesFTSE 100 closed at a  new peak for the third day in a row, despite retailers taking a bashing and what was a choppy day of trading.The blue-chip benchmark finished the day up over 14 points at 7,762, while M&S said like-for-like revenues fell 1.4% i...Read More

UPDATE 2-Key Fed official slams U.S. tax cuts for imperiling economy

January 11, 2018 / www.kitco.com

* Dudley warns on U.S. fiscal path, creditworthiness* Strong comments criticize Republican expectations* Dudley sees gradual rate hikes, inflation rebound in 2018 (Adds Kaplan, yield-curve comments)By Jonathan SpicerNEW YORK, Jan 11 (Reuters) - One of the Federal Reserve's most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump's sweeping tax cuts, war...Read More

CANADA STOCKS-TSX up as resource stock gains offset pot pullback

January 11, 2018 / www.kitco.com

(Updates prices to close)* TSX ends up 38.99 points, or 0.24 percent, at 16,286.94* Half of the TSX's 10 main groups move higher TORONTO, Jan 11 (Reuters) - Canada's main stock index rose on Thursday as gains for energy companies and some miners offset a pullback in marijuana producers and a fall in Shaw Communications Inc after its quarterly earnings disappointed.* The Toronto Stock Exchange's...Read More

REFILE-UPDATE 1-Trump expects medical exam to go well Friday

January 11, 2018 / www.kitco.com

(Corrects spelling of doctor's first name to "Ronny" instead of "Ronnie" in penultimate paragraph)WASHINGTON, Jan 11 (Reuters) - U.S. President Donald Trump said on Thursday he expects a medical examination he is to undergo on Friday will go well and that he would be surprised if it did not.Answering questions from reporters after an event on prison reform at the White House,...Read More

Network Investing...with Envestors

January 11, 2018 / www.proactiveinvestors.co.uk

New to Proactive, Envestors CEO Oliver Woolley tells us how Network Investing is distinct from crowdfunding...helping small companies that are past the start-up stage and 'out of the garage' to grow. Oliver explains how Envestors already has offices in London, the Channel Islands and Dubai and they have plans to open in China. Average investments are of about ?40,000 and the process is highly tax...Read More

Dow Rallies Triple Digits as Oil Stocks Soar

January 11, 2018 / www.schaeffersresearch.com

Stocks resumed their 2018 rally today, with all three major indexes reaching a fresh record high. The impressive gains can be mostly accredited to the energy sector, with Chevron(CVX) stock leading the Dow's triple-digit rally. Traders also digested the latest inflation data, andWalmart (WMT) plans to boost wages and expand employee benefits following tax reform. Looking ahead, Wall Street will ha...Read More

UPDATE 1-Asia Morning Call-Global Markets

January 11, 2018 / www.kitco.com

Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6067.6 -29.1 NZX 50**8,250.44 -114.46DJIA**25,529.25160.12NIKKEI**23,710.43-77.77Nasdaq**7,204.20550.513FTSE**7,762.94 14.43S&P 500** 2,764.46 16.27 Hang Seng** 31,120.3946.67SPI 200 Fut 6023 10STI** 3,512.68 -7.77SSEC**3,425.5735 3.74KOSPI** 2487.91-11.84-------------------------------------------------------------...Read More

Connemara Mine River Grades Good as Gold

January 11, 2018 / www.proactiveinvestors.co.uk

Connemara Mining Company PLC (LON:CON) saw its shares gain 4% today as it reported high gold grades from one of three holes drilled recently at its Mine River prospect in Wicklow and Wexford in Ireland.CEO Patrick Cullen tells Proactive that assay results from the hole at the Tombreen target indicated an 8m section grading 4.53 g/t gold, which included 2m at 16.1 g/t. Mineralisation ranging from 0...Read More

Australia shares seen edging up as oil prices firm; NZ up

January 11, 2018 / www.kitco.com

Jan 12 (Reuters) - Australian shares are expected to recover from two straight sessions of falls on Friday, latching on to solid leads from Wall Street inspired by higher oil prices.Wall Street surged to record highs on Thursday on the back of rising oil prices and as investors bet on a strong U.S. corporate earnings season. Oil settled at three-year highs on signs that global inventories were tig...Read More

CANADA STOCKS-TSX ends higher as natural resource stocks gain

January 11, 2018 / www.kitco.com

TORONTO, Jan 11 (Reuters) - Canada's main stock index ended higher on Thursday, as gains for energy companies and miners offset falls among marijuana producers and in Shaw Communications Inc , whose earnings disappointed. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 38.99 points, or 0.24 percent, at 16,286.94. (Reporting by Alastair Sharp Editing by Chizu Nomiyam...Read More

Miramont Provides Update On Cerro Hermoso Project

January 11, 2018 / bit.ly

Miramont Resources Corp. (CSE: MONT) ('Miramont' or the 'Company') is pleased to provide an update of progress at its Cerro Hermoso project in southern Peru.Read full newsRead More

Major Honour for HemoGenyx

January 11, 2018 / www.proactiveinvestors.co.uk

Co-founder of New York-based company HemoGenyx Alexis Sandler tells Proactive how thrilled she was to welcome the Lt.Gov of New York to the HemoGenyx laboratories recently. The Lt.Governor met with their eminent team of scientists and saw first hand why HemoGenyx is described as a 'success story', originally invested in by the state of New York. Not only was this a major honour for HemoGenyx, this...Read More

US STOCKS SNAPSHOT-Wall St posts record highs on oil surge

January 11, 2018 / www.kitco.com

NEW YORK, Jan 11 (Reuters) - Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season.The Dow Jones Industrial Average rose 205.6 points, or 0.81 percent, to 25,574.73, the S&P 500 gained 19.33 points, or 0.70 percent, to 2,767.56 and the Nasdaq Composite added 58.21 points, or 0.81 percent, to 7,211.7...Read More

DIARY - Today in Washington - Jan 12

January 11, 2018 / www.kitco.com

ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Commerce Dept. issues Retail Sales for December.0830/1330: The Labor Dept. issues Consumer Price Index and Real Earnings for December.1000/1500: The Commerce Dept. issues Business Inventories for November.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (...Read More

Gold struggles to extend gains above $1320 amid improving market sentiment

January 11, 2018 / www.fxstreet.com

USD weakens in the NA session post-PPI data. Wall Street recovers recent losses on Thursday. Gold sticks to modest daily gains. Despite the broad-based USD weakness, the XAU/USD pair is having a difficult time extending its gains on Thursday. As of writing, the pair was trading at $1321.25, adding 0.35% on the day. Earlier today, the data released by the U.S. Bureau of Labor Statistics show...Read More

UPDATE 1-NZ regulator probing PGG Wrightson's top shareholder

January 11, 2018 / www.kitco.com

(Adds details about the probe, background)Jan 12 (Reuters) - New Zealand's overseas investment regulator is investigating Agria Corporation, the largest shareholder in New Zealand agriculture firm PGG Wrightson Ltd , PGG said on Thursday, confirming media reports. PGG Wrightson said the Overseas Investment Office (OIO) was investigating Hong-Kong based Agria on "good character" grounds....Read More

Peru fiscal deficit widens to 3.2 pct of GDP in 2017 -central bank

January 11, 2018 / www.kitco.com

LIMA, Jan 11 (Reuters) - Peru logged a fiscal deficit equal to 3.2 percent of gross domestic product in 2017, wider than the government's 3 percent target and the 2.6 percent deficit registered in 2016, the central bank said on Thursday.A drop in government revenues made up 0.5 percentage point of last year's deficit, followed by increased government spending, which contributed 0.2 point to the sh...Read More

Gold Prices Have Room To Move $100 Higher - Vince Lanci

January 11, 2018 / www.kitco.com

(Kitco News) - Gold is up 6% since the Fedraised rates last month, despite net outflows in North American-basedgold-backed exchange traded funds, but one trader said that not all investors arefleeing from the yellow metal.In an interview with KitcoNews, Vince Lanci, founder of Echobay Partners, said that he is shrugging offthe impact of recent outflows in SPDR Gold Shares, the world’s bigges...Read More

Gold Prices Have Room To Move $100 Higher - Vince Lanci

January 11, 2018 / www.kitco.com

(Kitco News) - Gold is up 6% since the Fed raised rates last month, despite net outflows in North American-based gold-backed exchange traded funds, but one trader said that not all investors are fleeing from the yellow metal.In an interview with Kitco News, Vince Lanci, founder of Echobay Partners, said that he is shrugging off the impact of recent outflows in SPDR Gold Shares, the world’s b...Read More

FOREX-Euro soars after ECB says it could revisit policy message soon

January 11, 2018 / www.kitco.com

* Euro gains after ECB minutes released* Dollar index weak after U.S. producer prices fall* Bitcoin slips on S.Korea plans to ban cryptocurrency trading (Updates prices, market activity, comments)By Saqib Iqbal AhmedNEW YORK, Jan 11 (Reuters) - The euro rallied against the greenback on Thursday after the European Central Bank said it could revisit its communication stance in early 2018, boosting e...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok