WASHINGTON (Reuters) - After a divisive campaign marked by fierce clashes over race, immigration and other cultural issues, Americans began casting votes early on Tuesday to determine the balance of power in the U.S. Congress and shape the future of Donald Trump’s presidency.The first national elections since Trump captured the White House in a stunning 2016 upset will be a referendum on the...Read More
LONDON, Nov 6 (Reuters) - Italian government bond yields rose further on Tuesday after Valdis Dombrovskis, vice president of the European Commission, said the Commission was considering sanction procedure against Italy if it does not revise its budget by Nov 13.Italy's 10-year government bond yield rose to a session high at 3.418 percent, up nine basis points on the day, pushing the Italy/Germany...Read More
ELF reported a Q3 profit beat and raised the low end of its full-year earnings forecastThe shares of e.l.f. Beauty Inc (NYSE:ELF) are up 18.8% this morning to trade at $13.19 -- on track for their best day ever -- after the discount cosmetics retailer reported adjusted third-quarter profit of 17 cents per share on $64 million in revenue, more than analysts were expecting. The company also raised t...Read More
ULTA has added 28% since the start of the yearUlta Beauty Inc (NASDAQ:ULTA) is higher in early trading, with the shares last seen up 0.7% at $287.03. Boosting the stock is a positive earnings reaction for e.l.f. Beauty (ELF), and a price-target hike from J.P. Morgan Securities to $337 from $282 -- an 18.1% premium to last night's close. This is the second bull note the beauty name has received thi...Read More
(Reuters) - Control of both houses of the U.S. Congress and 36 state governorships are at stake in Tuesday's elections, which are widely viewed as a referendum on Republican President Donald Trump's first two years in the White House.The following is a look at what will influence the outcome:U.S. HOUSE OF REPRESENTATIVESOne in four Americans lives in the 125 congressional districts where no party...Read More
LONDON (Reuters) - European shares sagged and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and potentially lively sessions ahead.Japan [.T] and Hong Kong had helped Asia overcome another Chinese wobble [.SS], but Europe [.EU] was in the 0.4 percent red as investors pounced on corporate earnings misses and pre-market caution drag...Read More
(Reuters) - CVS Health Corp’s (CVS.N) third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products.Quarterly same-store sales at front-end stores rose 0.8 percent in contrast to analysts’ expectation of a 0.8 percent drop despite brick-and-mortar drugstore chains like CVS coming un...Read More
GENEVA/LONDON (Reuters) - Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but urged European countries that oppose the U.S. sanctions to do more to shield Iran.The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop what Washington called its “outlaw”...Read More
LONDON - Randgold Resources said on Tuesday it would mediate in a tax dispute between Tanzania and Acacia Mining, a firm in which Randgold investors will have a stake if its planned merger with Barrick Gold is approved by shareholders.Randgold Chief Executive Mark Bristow, who will lead the group after the Barrick tie-up, also told Reuters that Barrick could dispose of its Zambian copper mine afte...Read More
(Reuters) - U.S. stocks were on track to open slightly lower on Tuesday, as investors awaited the outcome of U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies.The cautious mood set in as investors broadly braced for opposition Democrats to take over the House of Representatives and Trump’s Republican Party to retain the...Read More
U.S and China continue to sound upbeat about trade talksFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are cautiously lower today, as investors prepare for Election Day across the country. The midterm elections could have a big impact on markets, as voters decide on the balance of power in Congress. Elsewhere, trade relations between the U.S. a...Read More
(Kitco News) -Gold holdings in globalexchange-traded funds and similar products rose in October by 16.5 tonnes forthe first monthly inflow in four months, the World Gold Council reportedTuesday.Holdings now stand at 2,345.6tonnes. Still, they are down 25.8 tonnes for the year to date.“Global stock markets experiencedtheir worst October since the 2008 financial crisis, with the MSCI All-World...Read More
Mr. Josh Crumb reportsGOLDMONEY CONGRATULATES MENE INC. (TSXV:MENE) FOR ITS LISTING ON THE TSX VENTURE EXCHANGEGoldmoney Inc. is congratulating the entire team at Mene Inc., a luxury e-commerce 24-karat investment jewellery brand, for its achievements, as Mene commences trading today on the TSX Venture Exchange under the ticker symbol MENE.Goldmoney will declare a distribution of 3.99 million Clas...Read More
This week's under-the-radar Fed meeting could give the bullish case a boostSchaeffer's own Andrea Kramer stopped by CNBC's Squawk Box this morning, where the discussion was focused on today's midterm elections and the potential impact on equity markets. Andrea called out the key VIX levels to watch that could signal the market's next big directional move, and explained why history favors the bulls...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Mr. Christian Grijalva reportsSAN MARCO ANNOUNCES DRILLING HAS COMMENCED AT THE CHUNIBAS CU-AG PROJECTDiamond drilling has commenced at San Marco Resources Inc.'s 100-per-cent-owned Chunibas copper-silver project, located in Sonora state, Mexico. San Marco and a wholly owned subsidiary of Antofagasta PLC have entered into an earn-in agreement to jointly explore and drill test several copper-silver...Read More
The latest data from the world’s two largest gold-buyingnations points to soft demand in India but strong buying in China, points outCommerzbank. Analysts cite data from the country’s Ministry of Finance showingthat gold imports plunged by 42% year-on-year to 38.8 tonnes in October. “Theconsumer restraint was chiefly due to the steep rise in gold prices in Indianrupees beforehand...Read More
BEIJING (Reuters) - China will push for larger tax cuts, Premier Li Keqiang said on Tuesday, adding that it would help small firms facing funding difficulties and widen access for private firms in infrastructure.China will not resort to competitive currency devaluation and is able to keep its yuan currency basically stable, Li added, reiterating that it would not resort to forceful stimulus to pro...Read More
(Kitco News) - Gold pricesare moderately higher in early U.S. trading Tuesday, supported in part by theU.S. dollar index backing down from the 16-month high scored last week. Lookfor a quieter trading session in the metals and in many other markets, astraders and investors await the outcome of the U.S. mid-term elections. Decembergold futures were last up $3.70 an ounce at $1,236.00. December Com...Read More
Fund flows indicate investors rushed to buy the dip on small-caps in OctoberThe historically unpleasant month of October is over for investors, having left in its wake quite a few freshly broken levels of former technical support for the major equity benchmarks. And in surveying the damage, perhaps no moving average was treated with greater disrespect than the 200-day trendline on the iShares Russ...Read More