RIGA, Feb 20 (Reuters) - Latvian central bank governor Ilmars Rimsevics on Tuesday reaffirmed his denial of a bribery allegation made against him by the Russian owner of a local bank, and said he would not resign.The crisis unleashed on Latvia's financial sector by the allegation and a money laundering inquiry against its third biggest lender marked "a very important moment" for the coun...Read More
BUENOS AIRES, Feb 20 (Reuters) - Argentina's government posted a primary fiscal surplus of 3.9 billion pesos ($200 million) in January, up 10 percent from January 2017 when it had collected unusually high revenues due to a tax amnesty program, the Treasury Ministry said on Tuesday.President Mauricio Macri is aiming to cut the primary deficit to 3.2 percent of gross domestic product this year.Inclu...Read More
NEW YORK, Feb 20 (Reuters) - Swedish central bank Deputy Governor Martin Floden said on Tuesday a decision at the latest policy meeting to tweak guidance for the next rate hike had not been difficult.The Riksbank last week kept rates unchanged and said it expected a cycle of hikes to kick off "during the second half of the year", against earlier guidance for the middle of the year. "...Read More
This week's earnings calendar will feature Pandora Media Inc (NYSE:P), with the streaming music service slated to unveil its quarterly results after the market closes tomorrow, Feb. 21. Options traders have been blasting P stock in recent sessions, and even though the shares have a dismal history of post-earnings price action, most of the speculation has been of the bullish variety.Drilling down o...Read More
Gold under pressure on broad recovery in USD. All eyes may be now on US Treasury auctions for USD trajectory. Gold is now trading around $1343, in pre-New York session, slumped by almost 1% on a broader recovery in the US dollar amid higher US bond yields ahead of a deluge of US Treasury auctions later in the day. The US Dollar was boosted on Tuesday by higher US bond yields as US Treasury is s...Read More
(Kitco News)- Gold investors are taking profits Tuesday, as the U.S.dollar found some traction, bouncing off fresh three year lows, but one fundmanager says that gold will be the asset to own in 2018 as the risk ofstagflation in the U.S. economy rise.In a recent interview with Kitco News, Ronald-PeterStoeferle, fund manager at Incrementum AG and author of the annual In Gold WeTrust report, said he...Read More
(Kitco News) - Gold pricesended the U.S. day session sharply down and near the daily low Tuesday.Heavy profit-taking pressure from recent gains and a solid daily rally in theU.S. dollar index hit the gold and silver markets today. Higher worldgovernment bond yields also worked against the precious metals market bullstoday. April Comex gold futures were last down $24.30 an ounce at $1,331.90.March...Read More
The shares of India-based movie company Eros International (NYSE:EROS) are higher today, thanks to a new high-profile investor just ahead of earnings. Meanwhile, shares of American movie theater titan IMAX Corp (NYSE:IMAX) are rallying thanks to a huge box-office debut for "Black Panther" and a big weekend in China. What's more, both EROS and IMAX stocks could enjoy a short squeeze.Ample Fuel for...Read More
After making huge post-earnings moves in the past two quarters, volatility expectations are surging on Advance Auto Parts, Inc. (NYSE:AAP) ahead of the company's earnings release tomorrow morning. Specifically, AAP jumped 16.3% in the session after earnings last quarter, though this followed a one-day post-earnings slide of 20.3% back in August. Implied volatility (IV) data suggests the options ma...Read More
Feb 21 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,940.90 -0.70 NZX 50**8,098.27 -16.98DJIA25,072.43-146.95 NIKKEI**21,925.1 -224.11Nasdaq7,278.81739.35 FTSE**7,246.77 -0.89S&P 500 2,729.22 -3.00 Hang Seng** 30,873.63-241.80SPI 200 Fut 5,883.00 -22.00STI** 3,476.53 -11.35SSEC**3,199.48 14.52 KOSPI** 2,415.12 -27.70--------------------------------------------------...Read More
* Walmart drops after holiday-qtr profit misses estimates* Amazon, tech stocks help S&P* VIX eases below 20 points* Dow off 0.34 pct, S&P up 0.10 pct, Nasdaq up 0.74 pct (Updates to early afternoon)By Sruthi ShankarFeb 20 (Reuters) - A steep fall in Walmart shares put the skids on the blue-chip Dow's six-day winning streak, but gains in Amazon and technology stocks propped up the S&P 5...Read More
(Kitco News)- The days of holding on to equities and expectingdouble-digit returns are gone and one gold market analyst says that the recentcorrection in equities is a wakeup call that investors need to have a morediversified portfolio.In an interview with Kitco News, George Milling-Stanley,head of gold strategy for State Street Global Advisors, said that volatility iscreeping back into equity mar...Read More
NEW YORK, Feb 20 (Reuters) - Swedish central bank Deputy Governor Martin Floden said on Tuesday inflation data for the month of January came in "a bit disappointingly". Data released earlier on Tuesday showed lower Swedish January inflation than expected, something that could nudge the Riksbank to delay its first key rate hike since 2011. The bank last week cut its inflation forecast for...Read More
By Bruno FederowskiSAO PAULO, Feb 20 (Reuters) - Latin American currencies weakened on Tuesday as the U.S. dollar strengthened worldwide after hitting a three-year low last week.Currencies from Brazil , Mexico and Colombia weakened between 0.3 percent and 0.9 percent. The Chilean peso was barely changed as profit-taking partially offset the global upswing in the U.S. currency.Concerns that the Uni...Read More
(Recasts with share issue, share fall)By Yashaswini SwamynathanFeb 20 (Reuters) - U.S. power provider Duke Energy Corp said on Tuesday it would issue $2 billion in new shares this year to deal with the financial impact of recent tax reforms that it also said would weigh on 2018 earnings growth.Shares of the biggest U.S. utility by generation capacity fell as much as 2.5 percent as the announcemen...Read More
Volatility has not only returned to equity markets.Gold on Tuesday suffered its worst trading day since December 2016 according to MarketWatch. A week ago the price of gold gained the most since financial markets were shocked by Britain voting to leave the European Union in June 2016.The most active gold futures contract on the Comex market in New York dropped to a low of $1,330.60 an ounce in lun...Read More
* Incoming chair admits "error" on film scheme investment* Randell to see if FCA can act faster to stop rip-offs By Huw JonesLONDON, Feb 20 (Reuters) - Britain should not force its regulators into trade-offs between market stability and helping London remain a leading global financial centre after the country leaves the European Union, a top regulator said on Tuesday.Charles Randell, wh...Read More
RIGA, Feb 20 (Reuters) - Latvia's Defence Ministry said on Tuesday that allegations against the central bank governor could be part of a disinformation campaign aimed at damaging trust in the government and influencing elections due in October."Regarding the previous day's events in banking sector and the detention of Ilmars Rimsevics, head of the central bank of Latvia, there is a high proba...Read More
(Adds more detail, RBS and FCA response)By Emma Rumney and Huw JonesLONDON, Feb 20 (Reuters) - British lawmakers on Tuesday published in full a confidential report detailing Royal Bank of Scotland's mistreatment of struggling businesses during and after the financial crisis. "The findings in the report are disgraceful," Nicky Morgan, chair of the cross-party Treasury Select Committee, s...Read More
MILAN, Feb 20 (Reuters) - Italy's Treasury said on Tuesday it would offer up to 4 billion euros over three bonds at auction on Friday.BOND TYPE 24-mth CTZ 5-yr BTPei10-yr BTPeiMATURITY Oct. 30, 2019May 15, 2022 May 15, 2028TRANCHE 9th 16th 8thCOUPON--- 0.10 pct 1.30 pctAMOUNT OFFERED1.5-2.0 1.5-2.0(bln euros)SETTLEMENT DATEFeb. 27, 2018(Reporting by Milan Newsroom)(Reporting by Milan Newsroom) Di...Read More