* Netflix hits record on strong Q4* P&G, J&J weigh on Dow after results* Trump slaps import tariffs on washers, solar panels* Dow down 0.01 pct, S&P 500 up 0.22 pct, Nasdaq up 0.71 pct (Updates with U.S. market close)By Chuck MikolajczakNEW YORK, Jan 23 (Reuters) - U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow...Read More
(Adds details on company strategy)SAO PAULO, Jan 23 (Reuters) - Brazilian toy retailer Ri Happy Brinquedos SA filed on Tuesday for an initial public offering on the Sao Paulo stock exchange, joining a rush of new share sales at the start of the year. According to a filing with securities regulator CVM, the company will issue new shares, and shareholders such as funds managed by buyout firm Carlyl...Read More
Jan 24 (Reuters) - Australian shares are poised to edge higher on Wednesday, inspired by gains on Wall Street, while weaker iron ore and base metal prices might weigh down material stocks.U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P 500 and Nasdaq Composite . Chinese iron ore futures dropped 4 percent overnight, while copper prices fell to their lowest in...Read More
* Euro zone consumer confidence jumps more than expected * Dollar slips vs yen after BoJ meet (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 23 (Reuters) - The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low on Tuesday, after the euro surged on consumer confidence data indicating strong momentum in the region's economy...Read More
TORONTO, Jan 23 (Reuters) - Canada's main stock index inched up slightly on Tuesday, led by technology and energy shares, offsetting declines in healthcare and telecommunication companies. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 9.57 points, or 0.06 percent, at 16,357.55. Five of the index's 10 main groups ended higher. (Reporting by Nichola Saminather; Edit...Read More
Jan 23 (Reuters) - U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble. The Dow Jones Industrial Average fell 4.27 points, or 0.02 percent, to 26,210.33, the S&P 500 gained 6.22 points, or 0.22 percent, to 2,839.19 and the Nasdaq Composi...Read More
(Adds quotes and details from central bank statement, background on Argentina economy)BUENOS AIRES, Jan 23 (Reuters) - Argentina's central bank cut its policy rate to 27.25 percent on Tuesday from 28 percent previously, the monetary authority said in a statement, the second straight cut since the government relaxed its inflation target.The move comes after central bank Governor Federico Sturzeneg...Read More
* U.S. stocks up edge higher in midday trading* World stocks hits record again* Treasury yields fall in line with Japanese govt bond yields (Updates to U.S. afternoon trading, adds oil price settlements)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets broadly edged higher on Tuesday, with the U.S. market getting a lift from upbeat earnings from companies such as Netflix, wh...Read More
AK Steel Holding Corporation (NYSE:AKS) will report earnings before the open next Tuesday, Jan. 30, and just a day later fellow steel stock United States Steel Corporation (NYSE:X) will be in the earnings spotlight, as well. Both these stocks are experiencing accelerated options trading today, while the steel industry awaits its own decision on import tariffs from the White House. AKS Options Trad...Read More
On Tuesday, gold climbed back towards the $1,340 an ounce level bringing gains since mid-December to nearly $100 an ounce or 8%. Large-scale speculators have been increasing their exposure to gold on derivatives markets doubling net long positions - bets that gold will be more expensive in future - in the space of three weeks to the equivalent of 20m ounces. Retail and institutional investment i...Read More
On Tuesday, gold climbed back towards the $1,340 an ounce level bringing gains since mid-December to nearly $100 an ounce or 8%. Large-scale speculators have been increasing their exposure to gold on derivatives markets doubling net long positions - bets that gold will be more expensive in future - in the space of three weeks to the equivalent of 20m ounces. Retail and institutional investment i...Read More
BUENOS AIRES, Jan 23 (Reuters) - Argentina's central bank cut its policy rate to 27.25 percent on Tuesday from 28 percent previously, the monetary authority said in a statement, the second straight cut since the government relaxed its inflation target.The move comes after central bank Governor Federico Sturzenegger told reporters he expected regulated prices for services like utilities and transpo...Read More
The U.S. stock market has set fresh record highs again today, amid the latest batch of corporate earnings reports. Among specific equities on the move are casino name Wynn Resorts, Limited (NASDAQ:WYNN), renewable energy installer Vivint Solar Inc (NYSE:VSLR), and chipmaker Nvidia Corporation (NASDAQ:NVDA). Here's a quick roundup of how shares of WYNN, VSLR, and NVDA are trading today.Wynn Resorts...Read More
(Adds market reaction, analyst comments, graphic)By Richard LeongNEW YORK, Jan 23 (Reuters) - Investors scrambled to buy $26 billion of U.S. two-year government notes on Tuesday, signaling some support for the bond market which has wobbled on worries about rising domestic inflation and less stimulus among overseas central banks.Expectations the Federal Reserve may raise key short-term borrowing c...Read More
* BoJ keep rates unchanged, sticks to easy policy* Central banks in focus this week* U.S. 2-year note auction attracts strong demand (Adds comment, U.S. 2-year note auction results, updates price, table)By Gertrude Chavez-DreyfussNEW YORK, Jan 23 (Reuters) - U.S. Treasury debt yields weakened on Tuesday in quiet trading, moving in tandem with Japanese government bond yields, after the Bank of Japa...Read More
(Kitco News)- Whilethere is still long-term bullish potential, the market is at risk for apullback as prices have run too far, too fast, according to the world’s largestbank.Tuesday,in a note to clients, Marcus Garvey, senior manager at ?ICBC Standard Bank,said that he is particularly concerned with gold as the market is now moving intandem with interest rates. Historically, rising interest...Read More
David Brunnstrom, Warren StrobelWASHINGTON (Reuters) - The CIA believes North Korea’s missile program is aimed at coercion, not just self-defense, and that Pyongyang’s next logical step would be to develop an arsenal of weapons and the capability to fire multiple missiles at the United States, the agency’s director Mike Pompeo said on Tuesday.Speaking at the American Enterprise I...Read More
* Musk pay based on market cap, operational milestones* CEO to receive no guaranteed compensation of any kind (Recasts; adds background on competition, capital raise, analyst comment, updates shares)By Subrat Patnaik and Alexandria SageBANGALORE/SAN FRANCISCO, Jan 23 (Reuters) - Silicon Valley billionaire Elon Musk could earn as much as $55.8 billion in Tesla Inc stock and own more than a quarter...Read More
WASHINGTON (Reuters) - The stopgap funding bill passed by the U.S. Congress to end the government shutdown will add $31.3 billion to the national debt over a decade, congressional tax analysts said on Tuesday.In another instance of the Republican-controlled Congress running up debt on the Treasury Department credit card, the Joint Committee on Taxation pointed to healthcare tax cuts included in th...Read More
Stephanie NebehayGENEVA (Reuters) - North Korea said on Tuesday it had a “powerful and reliable” nuclear deterrent to thwart any attack and accused the United States of deploying military assets nearby under the pretext of ensuring security at the Pyeongchang Winter Olympics.FILE PHOTO: North Korea's ambassador to the United Nations Han Tae Song attends an interview with Reuters at the...Read More