BERLIN (Reuters) - Intensive discussions are underway in the German government on how to deal with arms exports to Saudi Arabia that have already been approved but not yet delivered, government spokesman Steffen Seibert said on Wednesday.Chancellor Angela Merkel vowed on Monday to halt all German arms exports to Saudi Arabia until the killing of journalist Jamal Khashoggi is cleared up.Asked wheth...Read More
LONDON (Reuters) - For investors trying to call the end of the bull run for stocks, the headline performance of the world’s equity markets this year may not be telling the whole story.Wall Street’s S&P 500 is up 2.5 percent continuing its longest bull run in history while the MSCI All-Country World Index, a widely watched gauge of world stock market health, has lost just 5 percent...Read More
MOSCOW (Reuters) - Italian Prime Minister Giuseppe Conte said on Wednesday that European Union sanctions against Russia had to come to an end, but declined to say if his government was ready to veto any further rollover of the economic curbs.“It is right to support economic relations between Italy and Russia,” Conte said during a press conference with Russian President Vladimir Putin....Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom. With the critical situation in the USD Index, and gold miners' short-term underperformance (so far this week gold is up by $8.10, while the HUI Index is down...Read More
Several short sellers could be feeling the heat todayWhile most of the stock market is struggling today, the shares of Clementia Pharmaceuticals Inc (NASDAQ:CMTA) are sitting atop the Nasdaq, skyrocketing on encouraging drug data. Specifically, the firm unveiled upbeat data on its bone disease drug -- which already has "orphan drug," "fast track," and "breakthrough therapy" designations from the F...Read More
* German yields hit day’s low after euro zone PMI data* Euro down half a percent on day* Italian yields rise up to 7 bps* Euro zone periphery gov't bond yields tmsnrt.rs/2ii2Bqr (Updates prices)By Abhinav Ramnarayan and Virginia FurnessLONDON, Oct 24 (Reuters) - The euro fell and the euro zone’s government bond yields dropped on Wednesday after data showed business growth in the sing...Read More
(Kitco News)- While 2018 has not been a positive year for the miningsector, the rumors of its demise are greatly exaggerated, according to onefinancing executive.Chad Williams, president of Red Cloud Klondike StrikeAlthough the sector has struggled to find investmentcapital, the Canadian mining sector continues to dominate deal flow, raisingthe most money out of any other sector in Canada, Chad Wi...Read More
ETSY just received another upgradeWhen we checked in on Etsy Inc (NASDAQ:ETSY) earlier this month, call buying was in vogue, but the activity has slowed down considerably since then. In fact, the e-commerce name's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) has risen to 0.86, up from just 0.52 two w...Read More
NEW YORK (Reuters) - The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesday to its strongest since Aug. 20 after European data signalled that economic growth could be flagging across the euro zone.Euro zone business growth slowed more than expected this month, a widely watched Purchasing Managers Index (PMI) survey showed. German private-sector growth fell to its lowest...Read More
WASHINGTON (Reuters) - The United States wants perfect clarity on what happened in the death of prominent Saudi journalist Jamal Khashoggi, U.S. Secretary of State Mike Pompeo said in an internal email sent widely to U.S. State Department employees.“We are already seeing steps from Saudi Arabia reflecting serious accountability, but we won’t be satisfied until we get perfect clarity on...Read More
The VC PMI analysis shows that gold enters this week with a bullish sentiment.For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.The VC PMI analysis shows that silver enters this week with a bullish trend momentum.If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) an...Read More
MOSCOW (Reuters) - The United States has yet to decide if it will impose new sanctions on Russia, U.S. President Donald Trump’s National Security Advisor John Bolton said on Wednesday, saying it was in the process of making a decision.Bolton made the comments at a news conference in Baku, the capital of Azerbaijan, according to a transcript of the event provided by the U.S. National Security...Read More
NEW YORK (Reuters) - Stock markets around the world edged lower on Wednesday while U.S. treasuries prices rose as investors favored safer investments amid a range of uncertainties, while the U.S. dollar surged and oil prices steadied after the previous day’s session.Investors have been unnerved by a range of issues in recent days, including some disappointing earnings reports, worries about...Read More
CAPE TOWN, Oct 24 (Reuters) - Mali's first independent power project - a 122 million euro ($139.06 million), 90-megawatt diesel plant - will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday.The new plant could spur more of the foreign investment Mali has struggled to attract since Islamist militants seized the desert north in 2012.French fo...Read More
New home sales fell to a nearly two-year low in SeptemberThe Dow Jones Industrial Average (DJI) has explored a more than 400-point range on both sides of breakeven today. While strong earnings from Boeing (BA) initially propped the blue-chip index up over 100 points, a disappointing reading on new home sales -- which fell 5.5% to a roughly two-year low last month -- has soured investor sentiment,...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
(Reuters) - U.S. stocks dropped on Wednesday as weak results from AT&T and sour outlook from chipmakers ahead of key earnings added to growing worries about corporate profit growth and overshadowed optimism from Boeing’s raised forecast.A slew of results this week is expected to throw spotlight on the risk of a slowdown in China, the world’s No. 2 economy, spilling beyond its borde...Read More
Short-term options are pricing in elevated volatility expectations at the momentTwitter Inc (NYSE:TWTR) is scheduled to report third-quarter earnings before the market opens tomorrow, Oct. 25. TWTR stock has been relatively quiet on the charts over the last two months, per the stock's 60-day historical volatility of 40.9%, which registers in the 6th annual percentile. However, the options market i...Read More