There's a little bit more uncertainty around the Fed's decision this time than what's normally seenFutures on the Dow Jones Industrial Average (DJI) are pointing to a positive open this morning, trading cautiously above fair value. The trading action likely won't pick up in a major way until after the Fed's policy decision this afternoon, while investors will also be tuning in for the post-meeting...Read More
* 133,769 clients have direct holdings in suspended fund * Number hits 291,520 when indirect stakes added * Combined value of stake in 3.7 bln stg fund is 1.6 bln(Adds detail from Hargreaves letter, separate letter fromGuernsey stock exchange, Woodford response, updates shares)By Simon Jessop, Muvija M and Carolyn CohnLONDON, June 19 (Reuters) - British investment platformHargreaves Lansdown said...Read More
Options traders need to target stocks making fast, aggressive moves in the right directionHere at Schaeffer's Investment Research, we specialize in options trading. Even though an option contract's value is based off the stock price, a successful stock picker is not certain to be a profitable options trader. The main difference is that options have expiration dates. An options trader, therefore, n...Read More
Global demand for corn and soybeans is largely a function of the number of mouths to feed and what those mouths are fed.Corn came close enough to hit our first technical price target of $4.60 per bushel for us to consider our first target reached.Because they require a shorter growing season than corn, soybeans are lagging as farmers plant beans in acres they were unable to plant corn.Gold is maki...Read More
TORONTO/LONDON (Reuters) - Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.Barrick must either firm up its proposal to acquireRead full newsRead More
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...Read full newsRead More
Update (adds solution implemented) - Our US stock quote data provider IEX has implemented some changes that have resulted in us not receiving US stock quotes. As a result, neither the US quote price nor the data snapshot at the top the US company pages is being fully displayed. We are working on a solution.Alerts, insider filings, company news, and business summary data are not impacted. INK Re...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has commenced a program of follow-up core drilling targeting extensions of the newly discovered Hurricane zone uranium mineralization at its 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan.HighlightsDrilling has begun with the collaring of drill hole LE19...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 18.Please click...Read More
Base metals traded on the London Metal Exchange had all closed up by the afternoon kerb on June 18 after the potential US Federal Reserve interest rate cuts inspired a bullish sentiment. The optimism for the complex may be short lived however, because market consensus has already deemed this flurry of activity as a short-covering exercise before the US Fed and Federal Open Markets Committee (FOMC)...Read More
Fastmarkets' assessed nickel full plates cif Shanghai premium increased 69% week on week on Tuesday June 18 due to an open import arbitrage between London and Shanghai, hitting an historic high since Fastmarkets launched the premium in April 2016. Fastmarkets assessment of the low-high premium for 99.8% purity nickel, full plate, cif Shanghai surged to $350-410 per tonne on Tuesday June 18 from $2...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up 353 points after President Donald Trump announced via Twitter that he and China's President Xi Jinping "will be having an extended meeting next week at the G-20 in Japan." Facebook (FB - Get Report) shares were off slightly after it revealed plans for its "Libra" cryptocurrency. Facebo...Read More
Chilean state-owned copper producer Codelco is running its Chuquicamata division at half capacity, due to strike action by three unions at the site in northern Chile.The company is aiming to reach 60% throughput soon, Codelco said on Sunday June 16.The 3,200 employees who are members of the three unions walked out on Friday, but another 1,400 workers are continuing to run operations, Cod...Read More
An open arbitrage window for importing alumina into China failed to attract a flurry of inquiries last week as domestic prices continued to slide, sources told Fastmarkets on Tuesday June 18. "We've heard some inquiries since last week, but no concrete progress after that. Buyers are more reluctant to take imported cargoes now as they are concerned about future losses in a downward trending domest...Read More
Chrome ore and alloys prices fell further in China in the week ended Friday June 14 with sentiment remaining bearish. Chinese ore and alloy prices down European high- and low-carbon ferro-chrome prices drop Japan and South Korea alloy prices unchanged US alloys prices stableUG2 chrome ore prices in China weakened for the sixth consecutive week amid weak buying interest and bearish sentiment feedin...Read More
High-grade manganese ore prices took another dive in China in the week to Friday June 14, while low-grade manganese ore prices showed signs of stabilizing following a recent downtrend. High-grade manganese ore prices drop, low grade weakens more slowlyChinese silico-manganese prices reboundIndian silico-manganese prices claw back lossesFerro-manganese hits 2019 low in Europe Fastmarkets' 44% mang...Read More
Terrafame will be the main supplier of battery-grade refined nickel products to the European electric vehicle (EV) market when demand penetrates the continent, company CEO Joni Lukkaroinen told Fastmarkets in an interview on June 5.Finnish multi-metal company Terrafame, which is 22.7% owned by Dutch commodity trading company Trafigura, has been ramping up nickel and cobalt production for the past...Read More
Turkish steel producers have paused their deep-sea purchases after a buying spree over the past week, sources said on Tuesday June 18.Mills started to book scrap last week following a downturn in prices due to oversupply and softening domestic values in the United States. Turkish steel mills booked eight deep-sea cargoes last week and one at the...Read More
While generally weak global economic data continues to weigh on sentiment and is keeping base metals prices under pressure, the rise in tensions between the United States and Iran has lifted the gold price this morning, Tuesday June 18.The market is also waiting for direction from the US Federal Reserve, which it should get on Wednesday when the Federal Open Market Committee (FOMC) meeting provide...Read More
Terrafame will be the main supplier of battery-grade refined nickel products to the European electric vehicle (EV) market when demand penetrates the continent, company CEO Joni Lukkaroinen told Fastmarkets in an interview on June 5.Finnish multi-metal company Terrafame, which is 22.7% owned by Dutch commodity trading company Trafigura, has been ramping up nickel and cobalt production for the past...Read More