BERLIN, Jan 9 (Reuters) - The German federal budget had a larger-than-expected surplus of 3.7 billion euros at the end of 2017, German newspaper Handelsblatt said on Tuesday, adding those funds were due to be put aside for asylum seekers for a future government to use.Handelsblatt did not cite its source for the information.It said an additional 6.7 billion euros from a reserve for asylum seekers...Read More
IT stock Helios and Matheson Analytics Inc (NASDAQ:HMNY) is trading up 3.3% today at $7.15, thanks to news that the company's MoviePass service has surpassed 1.5 million subscribers. According to Reuters, the service had only 20,000 back in mid-August. This is just the latest outsized move in what's been a volatile year for HMNY shares.Looking all the way back to last May, the equity jumped afte...Read More
WASHINGTON, Jan 9 (Reuters) - The U.S. Federal Reserve should keep interest rates low so that wage gains accelerate and inflation rises, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday."Inflation has been low, wage growth has been low, so I'm advocating for lower interest rates to get wages up and to get inflation back to our 2 percent target," Kashkari said at an eve...Read More
* 10-year yields hit a 10-month month high* BOJ trims bond buying, sparking sell-off* US Treasury to sell $24 bln in 3-year notes at 1 pm EST By Kate DuguidNEW YORK, Jan 9 - Yields on the benchmark U.S. government bond hit a 10-month high on Tuesday after the Bank of Japan said it will trim its purchases of Japanese government bonds. The announcement raised speculation the Japanese central bank m...Read More
MILAN, Jan 9 (Reuters) - Italy's Treasury has picked Banca IMI, Barclays Bank, ING Bank, JP Morgan and Royal Bank of Scotland to issue a new 20-year BTP bond in the near future.The new bond will expire on September 1, 2038, the Treasury said in a statement. (Reporting by Francesca Landini) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco M...Read More
Seagate Technology PLC (NASDAQ:STX) reported upbeat preliminary fiscal second-quarter revenuelast night, hours after the stock gapped higher amid reports the firm invested in cryptocurrency concern Ripple. As a result, STX stock received a flurry of bullish analyst attention this morning, with no fewer than five brokerage firms upping their price targets, including to $56 from $50 at Craig Hallum...Read More
After the strongest start to a calendar year in over a decade, U.S. stocks are largely overbought. What's more, the SPDR S&P 500 ETF Trust (SPY) -- which moves in step with the broader S&P 500 Index (SPX) -- is sending up a technical signal that flashed just once in 2017, according to data from Schaeffer's Quantitative Analyst Chris Prybal. Below, we take a look at these rare SPY signals, and what...Read More
Amazon.com, Inc. (NASDAQ:AMZN) saw its price target raised to $1,400 from $1,200 at Piper Jaffray overnight -- a 12.2% premium to last night's close at $1,246.87. The brokerage firm weighed overall U.S. holiday retail spending versus its expectations for Amazon domestic holiday gross merchandise value, and concluded that Amazon "is arguably still in the early innings of its share-gain potential."...Read More
Mr. Sean Roosen reports OSISKO PORTFOLIO UPDATE; REALIZES PROCEEDS OF $25.5 MILLION ON AURICO INVESTMENTOsisko Gold Royalties Ltd. has provided an update on its investment portfolio. The company reports that it has delivered its shares of AuRico Metals Inc. to Centerra Gold Inc. for a cash consideration of $1.80 per share and for proceeds of $25.5-million, generating a gain for Osisko of $15.5-mil...Read More
Mr. Sean Roosen reports OSISKO PORTFOLIO UPDATE; REALIZES PROCEEDS OF $25.5 MILLION ON AURICO INVESTMENTOsisko Gold Royalties Ltd. has provided an update on its investment portfolio. The company reports that it has delivered its shares of AuRico Metals Inc. to Centerra Gold Inc. for a cash consideration of $1.80 per share and for proceeds of $25.5-million, generating a gain for Osisko of $15.5-mil...Read More
Rate rises by a central bank traditionally boost a currency as it promotes investors to flock to a country with the anticipation of higher-yielding assets However, Hatzius believes that we are now in a "fairly synchronized global upswing" where other central banks are also looking to push benchmark rates higher Silvia Amaro| @Silvia_Amaro Published 15 Hours AgoCNBC.comSHARES show chapters Doll...Read More
TORONTO, Jan 9 (Reuters) - Canada's main stock index seesawed on Monday as higher oil prices boosted energy shares, while the materials group was pressured by a drop in gold prices.The Toronto Stock Exchange's S&P/TSX composite index fell 0.96 of a point, or 0.01 percent, to 16,316.69 shortly after the open. Seven of the index's 10 main groups were higher. (Reporting by Fergal Smith Editing by...Read More
(Kitco News) - Gold prices are solidly lower and trading near the dailylow in mid-morning action Tuesday. Early losses were extended when the U.S.stock market opened at new record highs, to continue to keep investor interestless keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market elementworking against the...Read More
(Kitco News) - Gold prices are solidly lower and trading near the daily low in mid-morning action Tuesday. Early losses were extended when the U.S. stock market opened at new record highs, to continue to keep investor interest less keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market element working against...Read More
Jan 9 (Reuters) - Wall Street's major indexes opened at record levels on Tuesday, keeping alive the 2018 rally that is powered by robust economic data and expectations of strong quarterly earnings.The Dow Jones Industrial Average rose 39.86 points, or 0.16 percent, to 25,322.86. The S&P 500 gained 3.78 points, or 0.137569 percent, to 2,751.49. The Nasdaq Composite added 17.27 points, or 0.24 p...Read More
LONDON, Jan 9 (Reuters) - Below are the tables for the best and worst performing actively managed emerging market equity and bond funds in 2017, based on data from Lipper Global, a Thomson Reuters company. The returns are measured in the fund's local currency.The tables only include funds available for sale in Britain and exclude those with less than $50 million under management.For a story on fun...Read More
* Chinese funds lead equity league tables* Russia equity funds biggest losers of 2017* Vontobel tops EM debt funds with contrarian stance* TABLE-Leaders and laggards in 2017: By Claire MilhenchLONDON, Jan 9 (Reuters) - Chinese equity funds trounced their emerging market peers in 2017, buoyed by MSCI's decision to include mainland shares in some of its indexes, while Latin American names helped the...Read More
FirstMajestic Silver Corp. (NYSE: AG;TSX: FR) says it has set another “aggressive”exploration budget for 2018, with an estimated 183,000 meters of planneddrilling across six producing mines and the Plomosas silver project. This comesafter the company completed over 156,500 meters of drilling on 807 holes, a newcompany record, during 2017. First Majestic reports a new discovery at Ermit...Read More
Base and precious metals miner Hudbay Minerals (TSX, NYSE:HBM) has agreed to buy a series of mining properties in southern Peru near its Constancia copper mine, which will see the Canadian company expanding its footprint in the country, the world's second largest producer of the red metal.The Toronto-based miner has now the option to buy a 100% interest in the Caballito (formerly Katanga) and Mar...Read More
Base and precious metals miner Hudbay Minerals (TSX, NYSE:HBM) has agreed to buy a series of mining properties in southern Peru near its Constancia copper mine, which will see the Canadian company expanding its footprint in the country, the world's second largest producer of the red metal.The Toronto-based miner has now the option to buy a 100% interest in the Caballito (formerly Katanga) and Mar...Read More