The retailer posted a decline in net holiday salesVictoria secret parent L Brands Inc (NYSE:LB) is up this morning, despite the company posting net holiday sales of $3.9 billion, which came in below estimates. LB also posted a decrease in quarterly sales, and lowered its fourth-quarter outlook to $1.85 from $2 per share. The equity is up 2.7% at $18.60, at last check. Since hitting its nine-year...Read More
"Panther Metals (#PALM) announces that its entire issued share capital has been admitted to the standard segment of the Official List and to trading on the LSEhttps://t.co/P05IQ9we6n"Read full newsRead More
DBVT is on track for its best day in nearly two yearsOne of the better stocks on the Nasdaq this morning is DBV Technologies (NASDAQ:DBVT), up 16.6% to trade at $13.11. The French pharmaceutical company's peanut allergy patch Viaskin showed durable benefits in a study, prompting Stifel to raise its rating to "buy" from "hold." While also upping its price target to $18 from $10, the analyst in cov...Read More
President Trump said Iran "appears to be standing down"U.S. stock futures are higher this morning, as investors digest comments from U.S. President Donald Trump that Iran "appears to be standing down," following the non-fatal ballistic missile attacks on two U.S. military bases in Iraq. Elsewhere, jobless claims fell for the fourth week in a row, despite unemployment rates continuing to roll highe...Read More
"$CELH - Why Insider Activity At Celsius Holdings May Be Sending The Markets A Very Strong Buy Signal. Get more updates here: https://t.co/JYR3xyC3GK #stocks #finance #trading"Read full newsRead More
"$BBBY - Bed Bath & Beyond Inc. (BBBY) Q3 2019 Results - Earnings Call Transcript. Keep reading: https://t.co/FxTMdxzisX #markets #stockmarket #business"Read full newsRead More
"$VPU - Vanguard Utilities ETF: Slow Growth And Expensive Valuation. Read more and get updates on any stock! https://t.co/mMWbZKeePq #investing #stocks #business"Read full newsRead More
"$T - AT&T, Inc. (T) Management Presents at Citi 2020 Global TMT West Conference Call - (Transcript). Continue reading: https://t.co/aHnF8f5aYo #stockmarket #economy #trading"Read full newsRead More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 8.Please click...Read More
The three-month zinc price on the London Metal Exchange settled at a two-month high at the close of trading on Wednesday January 8, climbing by just under 2% and breaching the $2,400-per-tonne resistance level against the highest daily trading volumes since September 2019.Zinc's outright price on the LME closed at $2,403 per tonne, its highest closing price since November 13, while daily turnover...Read More
In what some market participants called a short-term move, the nickel briquette premium crept up in the United States on Tuesday January 7, while all other regions had a slow return to business after year-end holidays. Some US sales pushed up the US nickel briquette premium incrementally Europe welcomes a return to contango in the London Metal Exchange nickel forward price spread Shangha...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 8 that are worth another look.Escalating tensions between the United States and Iran have not affected appetite in Southeast Asia for Iranian steel products, sources told Fastmarkets.Limited buying interest ahead of national holidays has dragged the Shanghai copper premium to its lowest level in almost three years, whi...Read More
Limited buying interest ahead of national holidays has dragged theShanghai copper premium to its lowest level in almost three years, while copper premiums are stable in Europe and the United States with minimal spot activity for the first week of 2020.Limited buying interest ahead of the national holidays has dragged the Shanghai copper premium to its lowest level in almost three years Copper prem...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Jack ChanPosted Jan 6, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term BUY signal.Short-term signals can last for weeks and are more suitable for traders.Our ratio remains on a buy signal.Focus on the big picture, major resistance is a long way away.Th...Read More
Turkish deep-sea scrap import markets remained silent on Wednesday January 8, with mills still in negotiations for cargoes to be shipped in February, sources told Fastmarkets.Mills in Turkey have been mostly quiet in the deep-sea scrap import markets since the middle of December due to year-end holidays, but resumed their purchases at the end of the last week.They booked four deep-sea cargoes on J...Read More
North American lithium producer Livent has revised down its financial guidance for fourth-quarter as well as full-year revenues, and is reviewing potential changes to its planned capacity expansion road map, it said on Tuesday January 7. Livent reduced its expected fourth-quarter revenue to $75-80 million from $90-100 million and its full-year revenue to $385-390 million from $400-410 million. The...Read More
US hot-rolled coil prices moved above the $30.50-per-hundredweight ($610-per-short-ton) threshold for the first time since May 2019 on Wednesday January 8, while mills announced a new round of price increases and market participants shared mixed demand outlooks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.54 per cwt ($610.80 per ton) on Wednesday, up...Read More
The domestic price for hot-rolled coil in Northern Europe inched up on Wednesday January 8, and prices were expected to rise further, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was little changed at ?,?440 ($491.39) per tonne on January 8, compared with ?,?439.69 per tonne on January 7.The calculation was based on a few deals a...Read More
China's hot-rolled coil prices edged up on Wednesday January 8 on rising futures, with exporters sticking to their offers.DomesticEastern China (Shanghai): 3,880-3,920 yuan ($558-564) per tonne, widened upward by 10 yuan per tonneNorthern China (Tangshan): 3,630 yuan per tonne, up 10 yuan per tonneA trader in Shanghai said that the gains in the futures market improved investor sentiment, which bol...Read More