(Updates prices)By Bruno FederowskiBRASILIA, Jan 19 (Reuters) - Brazilian stocks hovered near all-time highs on Friday as optimism over the country's economic prospects sustained demand for local assets, while hopes of a tie-up with Boeing Co boosted shares of Embraer SA .The benchmark Bovespa stock index rose 0.32 percent, hitting an intraday record of 81,429. The bourse was supported by blue chi...Read More
(Adds American Express in paragraph 8)By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter re...Read More
(Updates prices to close)* TSX closes up 68.99 points, or 0.42 percent, at 16,353.46* Nine of the index's 10 main groups end higher* Financials climb 0.6 percent, industrials gain 1.2 percent TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally led by financial and industrial shares, while lower oil prices weighed on energy stocks.* The Toronto Stock Exchan...Read More
BUENOS AIRES, Jan 19 (Reuters) - Argentina's Bolsas y Mercados Argentinos SA exchange operator said on Friday it would end an agreement that connects its trading and settlements systems with the ROFEX futures exchange, a move traders said could reduce market liquidity.In a letter to the Buenos Aires stock exchange, BYMA said it notified ROFEX that the termination of the deals signed in 2014 and 20...Read More
(Updates market and adds detail on looming U.S. government shutdown)By Noel RandewichSAN FRANCISCO, Jan 19 (Reuters) - Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering.Wall Street on Friday shrugged off a looming U.S. government sh...Read More
* No deal on funding bill after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with 10-yr Treasury yield hitting 3-1/2 yr high)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury...Read More
(Adds details, table, graphic, byline)By Saqib Iqbal AhmedNEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spec...Read More
Stocks finished a seesaw session higher, with the S&P and Nasdaq picking up record highs, with help from a rally in the chip sector. Traders ultimately brushed off fears of a possible government shutdown this weekend, as the Senate showed no signs of passing a budget agreement. Even the Dow ended the day in the black, shrugging off earnings disappointments from IBM Corp (IBM) and American Express...Read More
* No deal after Trump, Schumer meet* 10-year Treasury yields highest since Sep 2014* Euro zone stock index hits 10-yr high (Updates with U.S. market close, oil settlement prices)By Chuck MikolajczakNEW YORK, Jan 19 (Reuters) - World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued t...Read More
TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday in a broad-based rally that was led by financial and industrial shares, while lower oil prices weighed on energy stocks.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 68.99 points, or 0.42 percent, at 16,353.46. Nine of the index's 10 main groups ended higher. (Reporting by Fergal Smith Editing by...Read More
SAO PAULO, Jan 19 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA and construction conglomerate Odebrecht SA have agreed on a transaction to migrate all Braskem shares into a single class of stock, the oil company said in a securities filing on Friday.Petrobras said the objective is to improve Braskem's corporate governance through the transaction. Currently, Braskem has com...Read More
Gold mining stocks lagged behind gains for the precious metal last year, but they could overtake the gold rally in 2018. "Gold miners have been underperforming gold for the last several years, which is not unusual during a bear market or falling price," said Peter Spina, president and chief executive officer of GoldSeek.com. "But over the prior few years as gold has moved hundreds of dollars off...Read More
Jan 19 (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.The Dow Jones Industrial Average rose 53.71 points, or 0.21 percent, to 26,071.52, the S&P 500 gained 12.28 points, or 0.44 percent, to 2,810.31 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38. (Reporting By Sinead Carew Editing by Chizu Nomiya...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1100/1600: The USDA releases weekly U.S. export inspections for grains, oilseeds.1100/1600: The Treasury Dept. announces weekly sale of 4-week bills.1130/1630: The Treasury Dept holds weekly sale of 3-, 6-month bills.------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Was...Read More
* Randal Quarles warns revising rule will be substantial effort* Fed also looking to recalibrate leverage ratio, liquidity rules* Says he aims to 'improve' upon, not gut, post-crisis rules By Michelle PriceWASHINGTON, Jan 19 (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and...Read More
* Republicans scramble for funding deal before midnight deadline* Some see modest market effect from a U.S. government shutdown* Euro near 3-year high, yen close to 4-month high vs dollar* Rising U.S. yields fail to lift greenback (Updates market action, adds quote, graphic)By Richard LeongNEW YORK, Jan 19 (Reuters) - The dollar held steady above a three-year low versus a basket of currencies on F...Read More
NEW YORK, Jan 19 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and C...Read More
By Caroline ValetkevitchNEW YORK, Jan 19 (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.Investors are keeping an eye out for signs of the dollar's impact on company earnings as fourth quarter reporting ramps up next week.U.S. multina...Read More
(Kitco News)- There is still lots of value in the gold market as priceshold near a four-month high, according to the manager of the third largestgold-backed investment firm in North America.John Ciampaglia, CEO of Sprott Asset Management (SAM), saidin an interview with Kitco News that he sees last year’s 12% rally in gold as thestart of a bigger long-term move, adding that investors are star...Read More
(Adds comments)By Ann SaphirSAN FRANCISCO, Jan 19 (Reuters) - The Federal Reserve should continue to raise rates at a gradual pace during 2018, San Francisco Federal Reserve Bank President John Williams said on Friday, saying he expects the recent tax cuts and other tailwinds to boost economic growth this year."Right now my base case is that three rate increases for 2018 seems like a good st...Read More