Source: Clive Maund for Streetwise Reports 02/18/2018Silver has zero appeal for momentum traders now, but technical analyst Clive Maund believes that is going to change.Silver is completely "off the radar" for most investors right now, which is just the way we like it when we are buying, however, as we will see, there are good reasons to believe that this will not be the case for much longer.O...Read More
TOKYO, Feb 20 (Reuters) - Finance Minister Taro Aso said on Tuesday that Japan's economy has basically escaped from economic malaise associated with asset price deflation.Aso, speaking with reporters after a cabinet meeting, said the government and the Bank of Japan still need to work together to achieve the central bank's 2 percent inflation target, because achieving this goal would offer proof t...Read More
Feb 20 (Reuters) - Trading house Mitsubishi Corp plans to about double its interest in Mitsubishi Motors to around 20 percent, Nikkei reported on Tuesday.Mitsubishi Corp, which held a 9.2 percent interest in Mitsubishi Motors as of last September, will spend about 120 billion yen ($1.13 billion) to buy additional shares through a tender offer, Nikkei reported. Mitsubishi Heavy Industries and Bank...Read More
SYDNEY, Feb 20 (Reuters) - Australian households carry relatively high levels of debt that could lead to financial difficulty in a downturn, but the overall level of stress is currently low and not a threat to the banking system, a top central banker said on Tuesday.In a speech at a responsible lending summit, Reserve Bank of Australia (RBA) Assistant Governor for the financial systemMichele Bullo...Read More
(Adds quote and political context)BRASILIA, Feb 19 (Reuters) - Brazil's political affairs minister Carlos Marun said on Monday that passage of a bill to overhaul the country's costly social security system has effectively ground to a halt in Congress and would become a campaign issue in this year's election.Marun spoke to reporters after the head of the Senate, Eunicio Oliveira, said the federal...Read More
Feb 20 (Reuters) - Australian shares are set to fall at Tuesday's open, tracking weakening metal prices on the London Metal Exchange.Copper fell 1.6 percent on Monday, while nickel ended 2.3 percent lower.Australian share price index futures fell about 0.6 percent, or 34 points, to 5,869, a 72.6-point discount to the underlying S&P/ASX 200 index close. The benchmark added 0.6 percent on Monday...Read More
Feb 20 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,941.637.6NZX 50**8,129.57 0.18DJIA**25,219.3819.01 NIKKEI**22,149.21428.96Nasdaq**7,239.465-16.965 FTSE**7,247.66 -47.04S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,869-34.00STI** 3,487.88 44.37SSEC**3,199.4757 14.52 KOSPI** 2,442.82 20.99---------------------------------------------------------...Read More
BERLIN, Feb 19 (Reuters) - German builder Hochtief said on Monday it will lower its bid for Spain's Abertis if the infrastructure firm pays a dividend.Hochtief, majority-owned by Spanish builder ACS , has been competing with Italy's largest motorway operator Atlantia in a 17 billion-euro ($21.09 billion) bid battle for Abertis.Essen-based Hochtief said it will reduce its offer of 18.76 euros for A...Read More
ABUJA, Feb 19 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as...Read More
BRASILIA, Feb 19 (Reuters) - Brazil's political affairs minister Carlos Marun said on Monday that passage through Congress of a bill to overhaul the country's costly social security system has effectively been halted and would not be put to a vote.Marun spoke to reporters after the head of the Senate, Eunicio Oliveira, said the federal government's military intervention in Rio de Janeiro would, by...Read More
(Kitco News)- The gold sector could see asupply crunch on the horizon as investment capital flows into other metals,according to a report from EY.The report from the researchfirm shows that value of merger and acquisitions in the mining sector increased15% in 2017; however, the number of transactions declined by 6% last years.“Last year we saw fewer dealsbut at better values. In 2018, we exp...Read More
(Adds detail on Brexit)By David MillikenLONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody us...Read More
LONDON, Feb 19 (Reuters) - Bitcoin has failed as a currency measured by the traditional benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday."It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,&quo...Read More
Feb 20 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,941.60 37.60 NZX 50**8,115.25 -10.060DJIA**25,219.3819.01 NIKKEI**22,149.21428.96Nasdaq**7,239.465-16.965 FTSE**7,247.66 -47.04S&P 500** 2,732.22 1.02Hang Seng** 31,115.43599.83SPI 200 Fut 5,864.00 -39.00STI** 3,487.88 44.37SSEC**3,199.48 14.52 KOSPI** 2,442.82 20.99------------------------------------------------...Read More
LONDON, Feb 19 (Reuters) - Successful leaders need to show humility and empathy among other virtues to win the trust of citizens who see globalisation as creating inequality and low wages, Bank of England Governor Mark Carney said on Monday."While you should always marshal your facts, you must engage people's intuitions and win their trust in order to convince them. Do this through empathy,&q...Read More
The US dollar is set to descend into the month of May, before we see any kind of major support fundamentally.Inflationary factors that seem to be surfacing are putting pressure on the Fed to raise interest rates as a consequence.The CPI is a lot stronger than anticipated, and we are seeing more inflationary talk hit the markets, all of which is extremely bullish for gold. October 10, 2017 Report C...Read More
• Subdued USD price-action fails to provide fresh impetus. • Rising equities further denting safe-haven demand. Having faded an early Asian session spike to an intraday high level of $1351.40, gold entered a consolidation phase and is currently placed at the lower end of its daily trading range. The US Dollar wavered between tepid gains/mi...Read More
* De Guindos chosen after Irish rival withdrew* Move increases chances for Germany's Weidmann to replace Draghi* Spain has had no representative at ECB since 2012 (adds De Guindos quotes)By Jan Strupczewski and Francesco GuarascioBRUSSELS, Feb 19 (Reuters) - Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Co...Read More
BOGOTA, Feb 19 (Reuters) - Colombian electricity company Celsia said on Monday it raised 1.47 trillion pesos ($515.2 million) during a share issue, funds it will use to increase its stake in another local company and to reduce debt levels.Celsia issued 330 million shares at 4,480 pesos each after receiving demands for more than 2 trillion pesos.About half of the money will be used to buy an additi...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Jemima KellyLONDON, Feb 19 (Reuters) - Sterling edged lower against the dollar and euro on Monday, holding off 10-day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in...Read More