Institutional analysts are warming to gold, but not too much.Accordingly, gold's longer-term investor sentiment profile is still positive.The only immediate-term "fly in the ointment" is the silver price. Gold remains locked in a long-term trading range that stretches back to 2013. The parameters of this range are roughly the $1,050 and $1,415 levels. For institutional analysts the g...Read More
Insurance giant Allstate Corp (NYSE:ALL) is in the midst of a steady, multi-year uptrend which took the stock to a record high at the end of December. The brief pullback following this milestone was neatly contained by the security's 60-day moving average, a familiar layer of support. With ALL shares bouncing from this technical floor, it appears to be an ideal opportunity to initiate a bullish op...Read More
* Netflix at record high on strong Q4* P&G, J&J weigh on Dow after results* Trump slaps import tariffs on washers, solar panels* Indexes: Dow down 0.1 pct, S&P up 0.15 pct, Nasdaq up 0.61 pct (Updates to early afternoon)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly-valued technology sector, wh...Read More
(To fix figure in third para)TUNIS, Jan 23 (Reuters) - Tunisia's parliament on Tuesday approved a plan by the central bank to sell bonds worth $1 billion to help finance the 2018 budget, the state news agency said.The finance ministry directed the central bank after the approval by parliament's financial committee to issue the bonds in the second half of March, the agency said.The North African c...Read More
NEW YORK, Jan 23 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year government notes to the strongest demand in more than two years, marking their yield at an auction at the highest since September 2008, Treasury data showed.The ratio of bids to the amount of two-year notes offered was 3.22 percent, the highest level since September 2015. This measure of overall aucti...Read More
(Kitco News)- While thegold market appears to have entered a consolidation period, one analyst saysthat this is just the beginning of the rally this year.In atelephone interview with Kitco News, George Milling-Stanley, head of goldinvestments at State Street Global Advisors, said because of the strongsentiment in the gold market, he thinks it is only a matter of time before goldbreaks above its re...Read More
Global industrial concern General Electric Company (NYSE:GE) is slated to join the earnings scene, expected to report its fourth-quarter results tomorrow morning, before the market open. The Dow stock has had a more than disappointing start to 2018, last week suffering its worst week since 2009 amid breakup speculation. Below, we will take a look at how GE stock has performed on the charts, and ho...Read More
* Italo aims to export business model to Europe* Spain, Germany and France among possible targets* But faces long, costly task against state rivals* Co-founder tells Reuters about IPO plans: By Agnieszka Flak ROME, Jan 23 (Reuters) - Italian high-speed rail group Italo plans to export its flexible business model to other European countries such as Spain, Germany and France following its planned st...Read More
* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Jan 23 (Reuters) - Copper prices fell to their lowest in a month on Tuesday after rising inventories showed healthy supplies of refined metal.Lead, however, climbed to the highest since 2011 after stocks declined.On-warrant copper stocks - metal not earmarked for delivery from warehouses and available...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More
* U.S. stocks edge higher in midday trading* World stocks hits record again* Treasury yields fall in line with Japanese govt bond yields (Updates with U.S. markets activity, changes byline, dateline, previous LONDON)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 a...Read More
By Pete SchroederWASHINGTON, Jan 23 (Reuters) - The Federal Reserve announced Tuesday it had rejected a motion to void a $1.2 million fine and industry ban on a former Barclays Plc trader.The central bank banned and fined Christopher Ashton, the bank's former global head of foreign exchange spot trading, in May. Ashton had been penalized for his role in connection with manipulation of FX pricing b...Read More
U.S. stocks are mixed at midday, though the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reached record highs earlier in the session. Netflix earnings have stolen the show today, as the well-received report provides tailwinds for the broader stock market. Comments from hedge fund legend Ray Dalio likely helped to spark a risk-on attitude, as well, after...Read More
BERLIN, Jan 23 (Reuters) - Munich prosecutors are extending an investigation into suspected market manipulation after a report criticised an acquisition by German payment processor Wirecard , sending its shares tumbling on Tuesday.A spokeswoman for the prosecutor's office said a new phase of the investigation was being opened over the report by the Southern Investigative Reporting Foundation (SIRF...Read More
* Netflix at record high on upbeat Q4 subscriptions* P&G, J&J weigh on Dow* Trump slaps import tariffs on washing machines, solar panels* Indexes: Dow down 0.03 pct, S&P up 0.20 pct, Nasdaq up 0.57 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly...Read More
MILAN, Jan 23 (Reuters) - Italy's Treasury said on Tuesday it would offer up to 3.75 billion euros over three bonds at auction on January 26.BOND TYPE CTZ 5-YR BTPEI15-YR BTPEIMATURITY Oct. 30, 2019 May 15, 2022Sept. 15, 2032TRANCHE 7th14th 16thCOUPON - 0.10 pct 1.25 pctAMOUNT OFFERED1.5-2.0 1.25-1.75(bln euros)SETTLEMENT DATEJan. 30(Milan Newsroom) Disclaimer: The views expressed in this article...Read More
PARIS, Jan 23 (Reuters/IFR) - French plastics maker Novares will re-launch its initial public offering (IPO) on the Paris stock exchange in the coming days or weeks after postponing it last November, two sources familiar with the matter said.Novares has said it plans to raise 130-150 million euros via new shares. Its website says the company is seeking to use the IPO proceeds to finance new growth...Read More
(Updates to reflect afternoon trading)JOHANNESBURG, Jan 23 (Reuters) - South Africa's rand drifted lower on Tuesday as investors waited for more clues from the new leader of the ruling African National Congress on how he plans to rejuvenate the economy and when President Jacob Zuma might step down.At 1620 GMT, the rand was down 0.2 percent at 12.0800 per dollar, eating into gains of around one pe...Read More
(Adds economist comment, background)BRUSSELS, Jan 23 (Reuters) - Euro zone consumer confidence jumped much more than expected in January, a flash estimate from the European Commission showed on Tuesday, further underlining the momentum in the economy that is growing at its fastest in a decade.The Commission said consumer confidence in the 19 countries sharing the euro in January rose to 1.3 point...Read More
* Dollar index hits fresh three-year low* Euro zone consumer confidence jumps more than expected in Jan* Dollar slips vs yen after BoJ meet (Updates prices and market activity to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Jan 23 (Reuters) - The dollar slipped to a fresh three-year low against a basket of currencies on Tuesday after data showed euro zone consu...Read More