It's been a volatile month for U.S. stocks so far, with the S&P 500 Index (SPX) enjoying both its worst and best weeks in more than a year -- sending up a rare stock market signal we haven't seen since 2001. Echoing that, after dropping yesterday on concerns about Federal Reserve rate hikes, the major U.S. indexes are back in the black today. Outside of the U.S., though, a handful of foreign excha...Read More
(Recasts with auction result, adds quote, updates prices)* Treasury sells $29 bln seven-year notes to tepid demand* Fed minutes show higher confidence in raising rates By Karen BrettellNEW YORK, Feb 22 (Reuters) - U.S. Treasuries pared price gains on Thursday after the U.S. government sold new seven-year notes to slightly soft demand, the final sale of $258 billion in debt this week.The debt sold...Read More
Gold futures ended slightly higher on Thursday as softness in the U.S. dollar and a slight pullback in bond yields helped to nudge the precious metal slightly higher. April gold GCJ8, -0.17% rose 60 cents, or less than 0.1%, to $1,332.70 an ounce, and March silver SIH8, -0.58% lost 3 cents, or 0.2%, to $16.587 an ounce. The silver-focused exchange-traded iShares Silver Trust SLV, -0.45% rose 0.7%...Read More
Leisure stock ILG Inc (NASDAQ:ILG) is trading 0.8% higher today at $32.56, putting it just below Tuesday's record high of $32.75. The shares have already added over 14% in 2018 and the company just announced it's raising its quarterly dividend by almost 17%. Looking ahead, ILG is scheduled to report earnings after the close next Wednesday, Feb. 28, and options traders have been scooping up calls a...Read More
Headlining another busy week is new Fed Chair Jerome Powell's first appearance before Congress. In addition, fellow central bankers James Bullard and William Dudley are slated to speak throughout the week. Another slew of earnings is also expected, withValeant Pharmaceuticals (VRX) leading a list of drugmakers set to report, and retailers including J. C. Penney (JCP), Foot Locker (FL), and Macy's...Read More
(Adds interest in blockchain trial, comments from CEO interview)By Susan TaylorTORONTO, Feb 22 (Reuters) - Newmont Mining Corp laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018.Newmont, whose 2017 production slightly lagged ind...Read More
TORONTO, Feb 22 (Reuters) - Barrick Gold , the world's largest producer of bullion, has yet to deliver on the "conundrum" of growth, but it will not make an acquisition simply to bulk up, Chairman John Thornton said an investor update on Thursday.Barrick, which Thornton said had examined and passed on a range of deal opportunities in 2017, is forecasting annual production of more than 4...Read More
• A modest USD retracement prompts short-covering move. • Sliding US bond yields lending some additional support. • Reviving safe-haven demand supportive of the up-move. Gold jumped to fresh session tops during the early NA session and snapped four consecutive days of losing streak. With markets looking past Wednesday's hawk...Read More
* Gold rangebound, down 1.2 pct week to date* Dollar retreats from highest in more than a week* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline and NEW YORK dateline)By Renita D. Young, Zandi Shabalala and Jan HarveyNEW YORK/LONDON, Feb 22 (Reuters) - Gold rose on Thursday, snapping four sessions of losses as the U.S. dollar surrendered...Read More
DUBLIN, Feb 22 (Reuters) - Ireland's aircraft leasing company Avolon has added an extra layer of protection for bondholders in a bid to dispel concerns about the risk of it being stripped for cash by China's HNA Group, ratings agency Fitch said on Thursday.Avolon has come under scrutiny over its links to HNA and credit ratings analysts have been pressing for tougher safeguards against it being for...Read More
* Bond yields ease from Wednesday's peak* Energy leads gainers on S&P* United Tech up 3.7 pct on breakup plans* Indexes up: Dow 1.12 pct, S&P 0.85 pct, Nasdaq 0.57 pct (Updates to early afternoon)By Sruthi ShankarFeb 22 (Reuters) - Gains in industrial and technology shares helped U.S. stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest ra...Read More
Feb 23 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,950.90 7.20NZX 50**8,266.88 66.610DJIA25,010.34212.56NIKKEI**21,736.44-234.37Nasdaq7,231.67313.45 FTSE**7,252.39 -29.18S&P 500 2,714.87 13.54 Hang Seng** 30,965.68-466.21SPI 200 Fut 5,963.00 49.00 STI** 3,488.46 -27.77SSEC**3,268.73 69.57 KOSPI** 2,414.28 -15.37-----------------------------------------------------...Read More
Subscribers to our PowerTrend trading service recently tripled their money with Union Pacific Corporation (NYSE:UNP) February 110 calls. We're going to take a look back to see why we were initially bullish on UNP when we recommended the calls in October, and how the options trade unfolded. We entered our bullish UNP position back in late October, when the shares were trading near $115 following an...Read More
(Kitco News) - Goldand silver prices were ending the U.S. day session not far from unchangedlevels on the day. Both safe-haven metals saw some early selling pressure in thepresent environment of not much risk aversion in the marketplace. However, asell-off in the U.S. dollar index as Thursday’s trading day progressed was a bullishoutside market force supporting the precious metals. April Com...Read More
MOSCOW, Feb 22 (Reuters) - The Russian Finance Ministry said on Thursday it has appointed VTB Capital as an organiser for its sovereign Eurobond issue to be placed and to be swapped later this year.Russia plans to sell or swap Eurobond worth up to $3 billion in 2018 using the investment wing of a state controlled bank.Some bonds will be issued as part of President Vladimir Putin's order to repatri...Read More
NEW YORK, Feb 22 (Reuters) - The U.S. Treasury Department on Thursday sold $29 billion in seven-year government notes at a yield of 2.839 percent, which was the highest yield at an auction of this maturity in almost seven years, Treasury data showed.The ratio of bids to the amount of seven-year Treasuries offered was 2.49, the weakest since November. This measure of overall auction demand 2.73 at...Read More
U.S. stocks have steadily climbed today, as interest-rate hike concerns begin to die down. Dow component United Technologies Corporation (NYSE:UTX) and biotech stock Sangamo Therapeutics Inc (NASDAQ:SGMO) are higher, whilehealthcare stock Brookdale Senior Living, Inc (NYSE:BKD) is sinking. Here's a closer look at what shares of UTX, SGMO, and BKD are reacting to today.UTX Stock Lifted By CEO...Read More
GOLD Spot Gold is consolidating above new 1 1/2 week low at $1320 (Fibo 76.4% of $1307/$1361 upleg) posted on Thursday, but maintains negative tone and holds in red for the fifth consecutive day. Hawkish tone from Fed minutes released on Wednesday pointed towards further rate hikes and sent the greenback higher, to further depress gold price which moves in steep descend from $1361 (16 Feb high). W...Read More
About two weeks ago on Feb. 6, the Cboe Volatility Index (VIX) broke out above the 50 mark for the first time since August 2015. This volatility explosion coincided with the worst week for the U.S. stock market in years. Since then, the market's "fear gauge" has retreated back to 18.41, though this remains well above its one-year average daily mark of 11.78. But amid this stock volatility, VIX cal...Read More
* Share rally stalls as some analysts disappointed* Major miners have reported increased cash, reduced debt* Stronger South African rand creates headwind (Adds Moody's statement)By Barbara LewisLONDON, Feb 22 (Reuters) - Anglo American said on Thursday annual earnings rose 45 percent and net debt halved as the miner rebounded from a commodities slump and said it had become a fundamentally differen...Read More