(New throughout, updates prices, market activity, comments and table)By Gertrude Chavez-DreyfussNEW YORK, Feb 16 (Reuters) - U.S. Treasury prices edged higher on Friday, as investors bought back bonds after a selloff earlier in the week spurred by robust U.S. inflation data that fed the view that the Federal Reserve may hike interest rates more aggressively than expected.U.S. benchmark 10-year yie...Read More
NEW YORK, Feb 16 (Reuters) - Speculators' net short dollar bets shrank to a six-week low, in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australia...Read More
Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.44% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More
Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.26% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More
US Stocks look to wrap up a strong week while VIX has been taken down a peg.A reminder that volatility is symmetrical: big upside moves do not mean that vol is dead from a rote mechanical point of view.The term structure is flat, and various measures of volatility are working their way lower.Market Intro CNBC: 2:45 EST US stocks (SPY, DIA, QQQ, IWM) had a strong morning session, but gave back the...Read More
Dollar continues its losing ways, paving the way for higher gold prices.Yen rally also continues apace, which bodes well for gold's outlook.Gold's relative strength needs improvement, however.The last two weeks were real nail-biters for gold investors as the U.S. dollar threatened to reverse its downward trend while equity markets plunged. In recent days, however, the dollar's relief rally...Read More
(Updates to say Little was not immediately available for comment)WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinat...Read More
WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinate trades.The action follows a Fed action in May 2015 when official...Read More
PRAGUE, Feb 16 (Reuters) - Betting firm Fortuna Entertainment Group will delist its shares from the Prague and Warsaw stock exchanges, it said on Friday."(An) extraordinary General Meeting of shareholders of Fortuna Entertainment Group held on 15 February 2018 in Amsterdam adopted a proposal to delist the company," Fortuna said in a regulatory filing.In January, Fortuna's majority shareh...Read More
Home Depot Inc (NYSE:HD) is one of the headliners on next week's earnings calendar, with the home improvement retailer set to report alongside fellow blue chip Walmart (WMT) ahead of the open next Tuesday, Feb. 20. With the stock market closed on Monday for Presidents Day, options traders are blasting HD stock today -- and calls continue to be the contracts of choice.At last check, roughly 25,000...Read More
* Gold heads for 2.4 pct weekly rise* Gains more muted in euro and sterling-priced gold* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline, NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 16 (Reuters) - Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a t...Read More
(Corrects first paragraph to "rebound" from "pullback")* Indexes up: Dow 0.31 pct, S&P 0.38 pct, Nasdaq 0.22 pct* Jan homebuilding data jumps to more than 1-year high* S&P, Nasdaq set for best week since December 2011 By Sruthi ShankarFeb 16 (Reuters) - U.S. stocks rose for a sixth straight session on Friday, putting the S&P 500 and the Nasdaq on course for their...Read More
By Valerie VolcoviciWASHINGTON, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on Interior's draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the depar...Read More
On the heels of its worst week in years -- and a brutal start for new Fed Chair Jerome Powell -- the U.S. stock market bounced back, and flashed a rare signal not seen since 2001. As of this writing, the Dow was on track for its best week since the "Trump rally" kicked off in November 2016, while the S&P 500 Index (SPX) and Nasdaq are pacing for their strongest weeks since December 2011. The ben...Read More
CARACAS, Feb 16 (Reuters) - Venezuela's new "petro" cryptocurrency will attract investment from Turkey, Qatar, the United States and Europe, the country's cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The first sale of petros is scheduled for Tuesday. (Reporting by Vivian Sequera; writing by Brian Ellsworth; editing by Jonathan Oatis) Disclaimer: The views expressed...Read More
(Adds details from conference call, background, updates share price)By Vibhuti SharmaFeb 16 (Reuters) - Tater Tots-maker Kraft Heinz Co's muted quarterly results echoed those of rival Campbell Soup Co as more Americans opted for healthier meals, a trend that has pressured shares of processed food makers for several quarters now.Kraft Heinz, owner of brands such as Velveeta cheese and Heinz ketchu...Read More
The idea of endlessly repeated cycles is a very old one. This is how the ancients perceived time: not as linear sequence of events, but as replaying patterns of dark and golden ages. Although the Judeo-Christian culture changed the way we view time, we like to see the market as an area of constant struggle between bulls and bears, and the resulting upward and downward trends.Since the end of the B...Read More
MILAN, Feb 16 (Reuters) - Credit Agricole has kicked off the sale of a portfolio of non-performing Italian loans worth around 6 billion euros ($7.5 billion), a source close to the matter said on Friday.The portfolio comprises consumer credit loans and loans to small and medium sized companies, the source said, adding 1.3 billion euros of the total were secured loans."We never comment on rumou...Read More
U.S. stocks are climbing today, and at last check, all three benchmarks are headed for some impressive win streaks. Among stocks making notable moves today, drugmaker Pacira Pharmaceuticals Inc (NASDAQ:PCRX) is struggling, while fellow pharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA) and Acer Therapeutics (NASDAQ:ACER) are surging higher. Here's a closer look at what shares of PC...Read More
(Kitco News)- As the old trading saying goes: “The trend is yourfriend,” and some analysts think that gold will continue to trend higher on theback of a weaker U.S. dollar during the shortened trading week.The gold market found new momentum last week as the U.S.dollar was unable to break above key resistance levels and eventually pushed toa new three-year low early Friday. According to...Read More