* Australian shares hit more than four-week low* Soft commodity prices weigh down material and energy sectors* Consumer staples drive New Zealand shares higher By Christina MartinJan 17 (Reuters) - Australian shares slumped to their lowest in more than four weeks on Wednesday, on track for a second straight session of losses, as weak base metal prices hit materials stocks, dragging down the index...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.8 pct, CSI300 +0.8 pct, HSI +1.8 pct* HK->Shanghai Connect daily quota used 7.3 pct, Shanghai->HK daily quota used 12.6 pct* HK->Shenzhen Connect daily quota used 12.2 pct, Shenzhen->HK daily quota used 6.1 pct* CNY official close 6.4369 per dollar* FTSE China A50 +0.7 pct, BNY Mellon ADR China Select Index -1.9 pct SHANGHAI, Jan 17 (Reuters)...Read More
(Adds analyst's quote, details)* Nov core machinery orders +5.7 pct m/m vs forecast -1.4 pct* Core orders +4.1 pct yr/yr vs forecast -0.7 pct* Capital spending seen firming up ahead - analyst* Govt keeps view on machinery orders, sees signs of pick-up By Tetsushi KajimotoTOKYO, Jan 17 (Reuters) - Japan's core machinery orders unexpectedly grew for a second straight month in November, posting the...Read More
Jan 17 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 30-year Federal bonds18-Jan Japan 3-month discount bill auction18-Jan Japan Auction of 30-year government bonds18-Jan SwedenAuction of inflation-linked government bonds18...Read More
Jan 17 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------WEDNESDAY, JANUARY 17 ** UPPSALA, Sweden - Deputy Governor Henry Ohlsson will talk about the cur...Read More
WELLINGTON, Jan 17 (Reuters) - Prices for New Zealand's main commodities slumped 2.2 percent in December, the largest decline in two years, ANZ Bank's commodity price index showed on Wednesday.The fall was led by prices for dairy, which dropped 5.6 percent. Non-dairy commodities also struggled, slipping 0.4 percent.The monthly fall was the third in a row and the largest since commodity prices bega...Read More
Even though it sees only minor gains for gold in 2018, with average prices rounding $1358 an ounce, bullion trader Sharps Pixley says it is important to add the yellow metal to one's assets. "Why so?," the company's CEO Ross Norman writes in a press release. "2016 and 2017 saw gold higher on strong spec buying in Q1, taking the market above the level of most physical buyers, before retracing in Q4...Read More
TOKYO, Jan 17 (Reuters) - Japan's core machinery orders rose by 5.7 percent in November from the previous month, Cabinet Office data showed on Wednesday, underlining a steady pickup in capital expenditure.The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with a 1.4 percent drop expected in a Reuters poll o...Read More
SYDNEY, Jan 17 (Reuters) -A measure of Australian consumer sentiment rose in January for a second month to its highest in four years, adding to recent signs that households were ready to spend more followinga long period of reticence. A Melbourne Institute and Westpac Bank survey of 1,200 people published on Wednesday said its index of consumer sentiment rose 1.8 percent in January from December w...Read More
Gold pricing continues its historic climb to higher prices, gaining yet more value in today's trading. As of 4:30 PM Eastern standard time, gold futures are trading $4.10 (+0.31%) higher at $1339. Gold continues to ride the tailwinds created from a tumbling U.S. dollar, which is currently off by over a half percent today as it broke below the major support level of 91 on the dollar index. Our tech...Read More
(Updates prices, adds details from Mexico)By Bruno FederowskiBRASILIA, Jan 16 (Reuters) - Brazilian stocks on Tuesday edged up to an all-time high as optimism over the nation's economic prospects kept an early-year rally alive.The benchmark Bovespa stock index closed up 0.1 percent at 79,831.8, after earlier breaching the 80,000 mark for the first-time ever to hit 80,246.331.Demand for Brazilian a...Read More
Apart from the crypto carnage today and news of the Dow’s fastest 1000-point rally in history, there hasn’t been an awful lot happening in other markets today, with the major FX pairs and gold being fairly stable. The main news was from the UK this morning, where inflation eased slightly for the first time since June. But at a good 3.0%, the Consumer Price Index (CPI) still remains a w...Read More
BUENOS AIRES, Jan 16 (Reuters) - Argentina's central bank cut interest rates to 27.24 percent from 28.75 percent on its short-term securities on Tuesday in its monthly auction, a move that was in line with market expectations after a recent change in inflation goals.The monetary authority sold 352.804 billion pesos ($18.667 billion) in Lebac securities. (Reporting by Walter Bianchi; Editing by Lis...Read More
SYDNEY, Jan 17 (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.Bitcoin was last down 25 percent at $10,182.00 on the Luxembourg-based Bitstamp exchange. (Reporting by Wayne Cole; Editing by Sandra Maler) Disc...Read More
Mr. Derek White reportsASCOT ANNOUNCES NEW BOARD MEMBER AND GRANT OF STOCK OPTIONSAscot Resources Ltd. has appointed Don Njegovan to the Ascot board of directors effective immediately. Mr. Njegovan, currently the Vice President of New Business Development at Osisko Mining, headquartered in Toronto, Canada, brings a wealth of experience in both the banking and mining sectors with senior roles held...Read More
Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment "pending the results of the technical reports and potential subsequent capital requirements."In a press release, the Vancouver-based miner revealed that, including pre-commercial productio...Read More
(Adds details on store openings)SAO PAULO, Jan 16 (Reuters) - Fourth-quarter gross sales at Brazilian food retailer Carrefour Brasil rose 5.3 percent from last year to 13.63 billion reais ($4.23 billion), as the sector continues to benefit from a consumer-led turnaround.In a securities filing on Tuesday, the company said gross sales for full-year 2017 jumped 7.2 percent, to 49.65 billion reais, w...Read More
Mr. Robert Willis reportsSAN MARCO CONTINUES TO DISCOVER HIGH GRADE MINERALIZATION AT CHUNIBAS; SAMPLES 6.41% COPPER AND 27.3 G/T SILVERSan Marco Resources Inc. has released further assay results from continuing fieldwork at Chunibas. As disclosed in the company's news release dated Jan. 10, 2018, newly discovered copper and silver mineralization at the company's 100-per-cent-owned Chunibas proper...Read More
(Adds details on stocks, updates prices)* TSX ends down 72.93 points, or 0.45 percent, at 16,298.88* Eight of TSX's 10 main groups end lower* Materials group down 1.2 percent, energy off 1.9 percent TORONTO, Jan 16 (Reuters) - Canada's main stock index fell on Tuesday as lower commodity prices weighed on the shares of materials and energy companies.* The Toronto Stock Exchange's S&P/TSX comp...Read More
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China's Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, w...Read More