(Removes extraneous word "deal" from 1st paragraph)NEW YORK, Jan 22 (Reuters) - Wall Street's main indexes hit record closing highs on Monday in the wake of a deal by U.S. senators to end the federal government shutdown.Based on the latest available data, the Dow Jones Industrial Average rose 142.95 points, or 0.55 percent, to 26,214.67, the S&P 500 gained 22.68 points, or 0.81 perc...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1130/1630: The Treasury Dept. holds weekly sale of 4-week bills.1300/1800: The Treasury Dept. sells 2-year notes.1500/2000: The USDA issues monthly Cold Storage.1630/2130: The American Petroleum Institute issues weekly national petroleum report.------------------------------------------------------- DIARY - Federal Reserve...Read More
* Policy decision expected 0330-0500 GMT* BOJ seen keeping interest rate targets unchanged* Growth f'cast seen revised up in quarterly review* BOJ may sound more upbeat on inflation expectations* Governor Kuroda to brief media 0630 GMT By Leika KiharaTOKYO, Jan 23 (Reuters) - Japan's central bank is set to keep monetary settings unchanged on Tuesday and offer a cautiously optimistic view on the i...Read More
(Kitco News)- While gold could do reasonably well in 2018, one famedanalyst is recommending that investors shouldn’t be focused on just oneprecious metal.On the sidelines of the VancouverResource Investment Conference, Brent Cook, creator of Exploration Insights,told Kitco News’ Daniela Cambone that along with gold and silver he seesopportunities in copper, zinc and lithium.“What...Read More
* Japan, Europe central bank meetings in focus this week* U.S. government shutdown deal boosts dollar briefly(Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 22 (Reuters) - The euro rose against the U.S. dollar on Monday, just shy of the three-year high touched last week, as market participants awaited the outcome of the European Central Bank's meeting on Thursday for po...Read More
By Walter BianchiBUENOS AIRES, Jan 22 (Reuters) - Argentine real estate developer TGLT SA plans to raise capital with a share listing on the New York Stock Exchange by the end of 2018, Chief Executive Federico Weil told Reuters in a telephone interview on Monday.The company will also launch a local share offering to raise funds to purchase the shares of construction company Caputo SAIC y F that it...Read More
(Adds details, quotes, background)By Jan StrupczewskiBRUSSELS, Jan 22 (Reuters) - Euro zone finance ministers welcomed Greek progress in delivering reforms but said on Monday they would only disburse the next tranche of loans once all agreed actions are complete.While Athens may have to wait until February for the money from the euro zone bailout fund ESM, the ministers said they would start tech...Read More
U.S. stock markets are back at record highs, after the Senate voted to pass a short-term funding bill, which will end the three-day government shutdown. Among individual stocks making big moves are cancer specialist bluebird bio Inc (NASDAQ:BLUE), casino operator Wynn Resorts, Limited (NASDAQ:WYNN), and semiconductor services provider Sanmina Corp (NASDAQ:SANM). Here's a quick look at what's movin...Read More
Options volume on Harley-Davidson Inc. (NYSE:HOG) is unusually high today, following a round of bullish analyst notes. Specifically, Wells Fargo upgraded the stock to "outperform" from "market perform" and raised its price target to $59 from $49, while RBC bumped up its price target to $54 from $51. Both brokerage firms cited tax reform as a potential tailwind for HOG shares. Against this backdrop...Read More
BRUSSELS, Jan 22 (Reuters) - The chairman of euro zone finance ministers Mario Centeno called on Monday for candidates to replace European Central Bank Vice President Vitor Constancio, whose term expires in May, kicking off two years of flux at the top of the ECB."I launched today the call for candidates for the upcoming ECB Vice President vacancy, to ensure a smooth succession of Vitor Const...Read More
Mr. Paul Kuhn reports AVRUPA PROGRESS AT THE ALVITO IRON OXIDE COPPER-GOLD PROJECT, PORTUGAL Avrupa Minerals Ltd. has provided an update on progress at the Alvito project located in south Portugal.Exploration work is financed by Oz Minerals, who must spend $1-million (Australian) to earn-in to 51 per cent of the 300-square-kilometre project.To date, Avrupa has completed ground magnetics and gravit...Read More
RIYADH, Jan 22 (Reuters) - Saudi Arabia's government sold 5.85 billion riyals ($1.56 billion) of domestic sukuk in its fifth monthly offer of domestic sukuk, the Ministry of Finance said on Monday.The ministry sold 4.125 billion riyals of five-year sukuk, 225 million riyals of seven-year and 1.5 billion riyals of 10-year.Last month, the ministry sold 4.775 billion riyals of domestic sukuk.($1 = 3....Read More
Semiconductor heavyweights Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC) have been in the headlines lately, with AMD capitalizing on initial reports of Intel's recent Spectre security flaw -- then admitting its own chips were also vulnerable. Speculators have responded by rushing to trade AMD options; this week, the stock takes the No. 9 spot on our list of equitie...Read More
While biotech mergers have dominated the headlines today, reports of a possible team-up in the agriculture industry have also raised eyebrows. Specifically, Archer Daniels Midland Company (NYSE:ADM) could be testing the M&A waters, after it was reported the company proposed a takeover of rival grain trader Bunge Ltd (NYSE:BG). Below, we will break down how ADM stock has reacted to the news.At las...Read More
Jan 22 (Reuters) - * Wynn Resorts Ltdposted quarterly adjusted earnings of $1.40 per share. The mean expectation of 15 analysts for the quarter ended December 31 was for earnings of $1.37 per share. * Revenue rose 29.89 percent to $1.69 billion from a year ago; analysts expected $1.57 billion. * Wynn Resorts Ltd's Reported EPS for the quarter was $4.77. * The mean earnings estimate of analysts had...Read More
BRUSSELS, Jan 22 (Reuters) - Euro zone finance ministers welcomed strong Greek progress in delivering reforms agreed with lenders, but agreed on Monday to wait with the next disbursement of loans for all of the agreed actions to be completed, they said in a statement.To pay out new loans, international lenders have asked Greece first to adopt 110 "prior actions". To meet that condition,...Read More
Jan 23 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,991.90 -13.90NZX 50**8,335.36 45.4DJIA26,146.6274.90 NIKKEI**23,816.338.27Nasdaq7,387.24 50.86 FTSE**7,715.44 -15.35S&P 500 2,824.52 14.22 Hang Seng** 32,393.41138.52SPI 200 Fut 5,965.027.0STI** 3,569.43 19.07SSEC**3,501.36 13.50 KOSPI** 2,502.11 -18.15--------------------------------------------------------------...Read More
XAU/USD trades in a tight $5 range on Monday. DXY finds support near 90.20 handle. After finishing the previous week with a loss of more than $10, the XAU/USD pair started the week with a small bullish gap but failed to extend its gains. As of writing, the pair was trading near $1331, virtually unchanged on the day. Despite today's fluctuations, the pair is moving in a relatively tight tradi...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session slightly lower Monday. Somechart consolidation and mild profit taking from the shorter-term futurestraders were featured amid a lack of major, markets-moving news to start thetrading week. February Comex gold was last down $0.70 an ounce at $1,332.50.March Comex silver was last down $0.026 at $17.01 an ounce.Whilethe U.S. gover...Read More
Xerox Corp (NYSE:XRX) is trading up, after Carl Icahn demanded the $8 billion printing company put itself up for sale. The activist investor, along with fellow XRX stakeholder Darwin Deason, encouraged Xerox to explore strategic options, said they will elect four new board members, and requested the resignation of CEO Jeff Jacobson. This follows last week's letter, where the two -- who collectivel...Read More