NEW YORK, Jan 16 (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.The Dow Jones Industrial Average fell 10.33 points, or 0.04 percent, to 25,792.86, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,776.42 and the Nasdaq Composite dropped 37.38 points, or 0.51 percent, to 7,223.69....Read More
ALL TIMES IN EST/GMT -------------------------------------------------------0700/1200: The USDA issues weekly world rice price.0915/1415: The Federal Reserve issues Industrial Production for December.No set time: The Association of American Railroads issues Weekly Traffic of Major Railroads.1400/1900: The Federal Reserve issues the Beige Book on economic conditions.1600/2100: The Treasury Dept. is...Read More
* ECB seen sticking to its policy message next week -Reuters* Signs of Merkel's struggle to govern puts euro on back foot* Bitcoin, other cryptocurrencies plunge on crackdown fears* Yen, Swiss franc gain as U.S. stocks retreat (Updates market action, adds quote)By Richard LeongNEW YORK, Jan 16 (Reuters) - The euro held close to a three-year high against the dollar on Tuesday, as the common currenc...Read More
BAKU, Jan 17 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining , said on Tuesday its annual output had fallen 1.2 percent in 2017 to 71,461 ounces, still within its target range of 64,000 to 72,000 ounces.The London-listed firm said copper production rose 2.6 percent to 1,991 tonnes, and silver output rose 4.7 percent to 172,853 ounces.Anglo Asian started a significant exploration pro...Read More
* Treasury yields fell Tuesday morning on ECB bond report* 5-year, 30-year spread hits lowest point in a decade By Gertrude Chavez-Dreyfuss and Kate DuguidNEW YORK, Jan 16 (Reuters) - U.S. long-dated Treasury yields fell on Tuesday morning along with those of European bonds, after a Reuters report said the European Central Bank was not quite ready to end its bond-buying scheme at next week's meet...Read More
SAO PAULO, Jan 16 (Reuters) - Brazilian real estate group JHSF Participatipa???ues SA is studying a possible initial public offering of its shopping mall unit after an ongoing restructuring, the company said in a securities filing on Tuesday. (Reporting by Aluisio Alves; Writing by Carolina Mandl; Editing by Marguerita Choy) Disclaimer: The views expressed in this article are those of the author...Read More
By Lesley Wroughton and Girish GuptaWASHINGTON/CARACAS, Jan 16 (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.Venezuelan President Nicolas Maduro this month said his government...Read More
SAO PAULO, Jan 16 (Reuters) - Brazilian food retailer Carrefour Brasil said on Tuesday its fourth quarter gross sales rose 5.3 percent from last year to 13.63 billion reais ($4.23 billion).The company said gross sales for full-year 2017 jumped 7.2 percent, to 49.65 billion reais. Same-store sales, a measure of revenue from stores open at least 12 months, rose 1.4 percent in the fourth quarter. ($...Read More
A strong start to earnings season helped the Dow topple 26,000 for the first time ever earlier and the S&P 500 Index (SPX) taking its inaugural trek north of 2,800, though stock markets have erased these gains amid fears of a possible government shutdown. While Chinese energy firm Recon Technology, Ltd. (NASDAQ:RCON) and casino name Wynn Resorts, Limited (NASDAQ:WYNN) are holding higher at last ch...Read More
Not since October 2016 has Goldman Sachs Group Inc (NYSE:GS) finished positive in the session after earnings. Following the last four earnings releases, the shares have one-day losses of 2.6%, 2.6%, 4.7%, and 0.6%. Despite this, options traders have been buying calls ahead of the bank's fourth-quarter earnings unveil tomorrow morning. Data from the International Securities Exchange (ISE), Chicago...Read More
CHICAGO, Jan 16 (Reuters) - Minnesota Governor Mark Dayton on Tuesday proposed $1.54 billion of capital projects funded largely through the sale of highly rated general obligation bonds, although the state's ratings have come under a cloud due to a fight over the legislature's budget.The Democratic governor's plan allocates $542 million for state universities and $998 million for state buildings,...Read More
Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance.Barrick, the world's top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-...Read More
* Dow tops 26,000 but Wall Street gives up gains* Dollar holds near three-year lows* Oil, copper drop after rally (Updates with European market close)By Chuck MikolajczakNEW YORK, Jan 16 (Reuters) - World stock markets edged lower on Tuesday, giving back earlier gains as Wall Street retreated from initial highs as a decline in oil and metals weighed on the energy and materials sectors. Wall Street...Read More
In the same way that the automobile was a big unknown in the days of horse-drawn carriages, cryptocurrencies are unknown in today's world of cash, gold, and credit cards. But it would be a grave mistake for government regulators to overreach and delay this innovation from reaching its potential. Bitcoin BTCUSD, +5.12% prices tumbled last week after reports that South Korea would ban cryptocur...Read More
(Kitco News) - Silver remains an overlooked asset, but in 2018 things could change, as prices are projected to rise based on recovering industrial and investor demand, according to HSBC’s latest silver outlook.“We expect silver to move moderately higher in 2018 and 2019 based on strong industrial demand and limited supply,” said James Steel, chief precious metals analyst at HSBC....Read More
(Kitco News)- Unlike for gold, it has not been a good start to the yearfor crypto currencies, especially for bitcoin, which lost significant traction asprices trade around $11,000 an ounce.Tuesday has been a particularly disappointing day forbitcoin investors, as the digital currency has dropped almost 20% during thetrading session. Kitco.com’saggregated markets show bitcoin last traded at $...Read More
(Adds Greenlight 2017 performance, Einhorn comments on tech, industrials, gold)BOSTON, Jan 16 (Reuters) - Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla .Einhorn's Greenlight Capital bought into Brighthouse, MetLife's former U...Read More
(Adds Raiffeisen CEO comment, more detail)WARSAW, Jan 16 (Reuters) - Poland's financial market regulator said on Tuesday it would not approve a plan by Austrian bank Raiffeisen Bank International to set up a new bank in Poland.RBI wanted to create the new bank to take on a batch of mainly Swiss franc-denominated loans from its existing Polish bank Raiffeisen Bank Polska.RBI was due to list Raiffe...Read More
* Dollar recovers a day after hitting three-year low* Palladium slips below Monday's record high* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and analyst comments, adds second byline and NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Jan 16 (Reuters) - Gold slipped on Tuesday from the previous day's four-month high, reflecting losses across the...Read More
U.S. stocks have been crushing it in 2018, with the major market indexes assailing new heights at a crazy clip, sending stock market inflows and Wall Street optimism skyrocketing. In fact, the Dow Jones Industrial Average (DJI) has already added more than 1,000 points in the first 10 trading sessions of the year, and is pacing for its biggest monthly percentage gain since November 2016. But can th...Read More