BRUSSELS (Reuters) - Steel imports into Europe have risen sharply as a result of U.S. tariffs, particularly from Turkey, threatening European steelmakers as demand growth in the continent slows, European steel association Eurofer said on Wednesday.Eurofer said in its quarterly review it expected European Union apparent steel consumption, a reflection of supply to the market, would rise by 2.2 perc...Read More
Stephanie Landsman| @stephlandsman Published 13 Hours AgoCNBC.com show chapters Gold rally is on borrowed time, Wells Fargo warns 2:44PM ET Tue, 23 Oct 2018 |01:42 Gold's surge to July highs is creating a bright spot in the market as U.S. stocks struggle.However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a matter of month...Read More
Stephanie Landsman| @stephlandsman Published7:37AM ET Wed, 24 Oct 2018CNBC.com show chapters Gold rally is on borrowed time, Wells Fargo warns 2:44PM ET Tue, 23 Oct 2018 |01:42 Gold's surge to July highs is creating a bright spot in the market as U.S. stocks struggle.However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a ma...Read More
(Kitco News) - Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.“In India, the cent...Read More
Oct 24(Reuters) - Canada’s main stock index fell on Wednesday on weak investor sentiment after Bank of Canada raised benchmark interest rate.* At 10:01 a.m. ET (14:01 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 62.2 points, or 0.41 percent, at 15,222.97.*The rate increase, by a quarter of a percentage point, took the bank’s overnight interest rate to 1...Read More
FRANKFURT (Reuters) - Commerzbank (CBKG.DE) has made a non-binding offer to take a stake in German NordLB, people close to the matter said, as an auction for the ailing public-sector lender progresses.NordLB aims to boost its capital by about 3 billion euros ($3.4 billion) to cope with bad ship loans and has asked for final bids by the end of November.The bank is working on a restructuring plan th...Read More
Ali Kucukgocmen, Ezgi ErkoyunISTANBUL (Reuters) - U.S. President Donald Trump said Saudi Arabia’s Crown Prince bore ultimate responsibility for the operation that led to Jamal Khashoggi’s killing, and Turkish police were allowed to extend their probe at the Saudi consulate in Istanbul.In his toughest comments yet, Trump told the Wall Street Journal he wanted to believe the prince when...Read More
(Reuters) - The U.S. Federal Reserve should continue raising interest rates at least two but probably three more times before assessing whether further rate hikes to restrain growth are warranted, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.“My base case for 2019 is to gradually and patiently raise the federal funds rate into a range of 2.5 to 2.75 percent or, more...Read More
The Columbus Day holiday appears to have messed around with the mortgage numbers, but a week later the numbers are now clearer, and so is the message.Higher interest rates are hitting homeowners hoping to refinance and homebuyers hoping to get in on the fall housing market.Diana Olick| @DianaOlick Published 14 Hours AgoUpdated10 Hours AgoCNBC.com show chapters New home sales down 5.5% in Septem...Read More
4H: Wave 4 is either complete or is still continuing as an Expanded Flat. Strategy: In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL at Wave .i/.a high would be ideal if the market permits the same. The author or any person directly or indirectly associated with 50eyes.com does not hold any liability for any pro...Read More
Makini Brice, Gabriella BorterWASHINGTON/NEW YORK (Reuters) - Federal authorities are investigating suspicious packages sent to the White House, former U.S. President Barack Obama and former Democratic presidential candidate Hillary Clinton, the U.S. Secret Service and a person familiar with the matter said on Wednesday.A suspicious package addressed to the White House was intercepted at an off-si...Read More
NEW YORK (Reuters) - The sharp surge in Tesla Inc's share price on Tuesday slammed short sellers of the stock with $1.11 billion in losses for the day on paper, pushing their performance for the year into the red, according to financial analytics firm S3 Partners.Tesla shares jumped 13 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is n...Read More
History suggests the railroad stocks' pullback is a buying opportunityThe shares of Norfolk Southern Corp. (NYSE:NSC) are higher in early trading, as traders applaud the company's quarterly earnings report. What's more, the stock's rally could have legs, if recent history is any indicator. In addition, fellow railroad stock Union Pacific Corporation (NYSE:UNP) could be flashing buy before the comp...Read More
CTXS shares are testing support north of the century markShares of Citrix Systems, Inc (NASDAQ:CTXS) are hovering near breakeven at $102.20 today, as traders gear up for the company's third-quarter earnings, which are set for release after the market closes tonight. Below we will take a look at how CTXS has been faring on the charts, and at what the options market has priced in for the stock's po...Read More
LONDON (Reuters) - British Prime Minister Theresa May will address Conservative Party lawmakers at a private meeting in parliament on Wednesday after anger at her Brexit negotiating strategy prompted some of them to discuss replacing her.May asked to address her divided party’s powerful “1922 Committee” where she can expect questions from lawmakers, some of whom have discussed fo...Read More
The brokerage firm said the stock's recent pullback creates an attractive valuationGoldman Sachs upgraded Lockheed Martin Corporation (NYSE:LMT) to "buy" from "neutral," and added the Boeing (BA) rival to its "conviction list," saying a "recent pullback in shares makes valuation more attractive." The brokerage firm also raised its price target by $3 to $394. Nevertheless, the shares are down 0.6%...Read More
(Reuters) - The Dow Jones Industrial Average rose on Wednesday after Boeing raised its profit forecast, easing worries of slowing corporate profits, but a dim outlook from other China-reliant companies, including chipmakers, pressured the S&P 500 and Nasdaq.Shares of Boeing (BA.N), the single largest U.S. exporter to China, rose 3.5 percent after the planemaker topped analysts’ forecast...Read More
NEW YORK (Reuters) - Ben Chico, 67, a Republican in California, says his annoyance with Democrats morphed into full-blown outrage when he heard they might try to impeach President Donald Trump after the Nov. 6 elections.Eden Stramer, 23, a North Dakota Democrat, says the possibility of abortions becoming illegal again leaves her fuming.And Pattie Blair, 74, a Democratic voter in Phoenix, says ange...Read More
WASHINGTON, Oct 24 (Reuters) - Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher prices were undercutting the housing market.The Commerce Department said on Wednesday new home sales dropped 5.5 percent to a seasonally adjusted annual rate of 553,000 units...Read More
Mr. Paul Reynolds reportsTRIUMPH GOLD ANNOUNCES RESULTS FROM EXPLORATION DRILLING IN THE GRANGER AND GUDER ZONESTriumph Gold Corp. has released the results of exploration drilling in the Granger and Guder zones on its 100-per-cent-owned, road-accessible Freegold Mountain property in Yukon. The Granger and Guder zonesare located in the central portion of a six-kilometre-long multielement soil anoma...Read More