Susan Cornwell, Richard CowanWASHINGTON (Reuters) - U.S. senators struck a deal on Monday to lift a three-day government shutdown as Democrats agreed to end the standoff in exchange for President Donald Trump’s Republicans promising a debate on the future of young illegal immigrants.Legislation to renew government funding easily cleared a procedural hurdle in the Senate and was expected to p...Read More
* Stocks jump after deal to end U.S. government shutdown* World shares rise slightly* U.S. Treasury yields near 3-1/2-year high* Dollar slips vs euro; oil rises (Updates through US close.)By David RandallNEW YORK, Jan 22 (Reuters) - U.S. stocks surged on Monday after senators in Washington reached a deal to reopen the federal government, ending a 2-1/2-day shutdown that world markets largely took...Read More
(Adds strategist quote, background, updates prices)* Canadian dollar at C$1.2453, or 80.30 U.S. cents* Canadian wholesale trade rises 0.7 percent in November* Bond prices little changed across the yield curve* 10-year yield touches a three-year high at 2.249 percent By Fergal SmithTORONTO, Jan 22 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Monday, gravitating towa...Read More
Despite a mixed start to the day, stocks managed to hit fresh record highs after the U.S. Senate passed a short-term funding bill, which will help end the nearly three-day government shutdown. The major indexes can also thank positive reactions to this week's first batch of earnings reports, as well as rally among chip stocks -- with names such as Intel Corporation (INTC) and Advanced Micro Device...Read More
Toronto-based PJX Resources announced it has acquired an option to earn 100% interest in the Gold Shear property, located 29 km southwest of Cranbrook, British Columbia.According to a corporate press release, the property hosts the high-grade David gold occurrence and is adjacent to PJX's Eddy property.Historical data from the provincialMinistry of Energy Mines and Petroleum revealed that gold was...Read More
Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,991.90 -13.90NZX 508,325.240-10.12DJIA**26,190.15118.43NIKKEI**23,816.338.27Nasdaq**7,336.38 40.33 FTSE**7,715.44 -15.35S&P 500** 2,832.97 22.69 Hang Seng** 32,393.41138.52SPI 200 Fut 5,970.032.0STI** 3,569.43 19.07SSEC**3,501.3622 13.50 KOSPI** 2,520.26 -18.15-------------------------------------------------------------------------...Read More
Jan 23 (Reuters) - Australian shares are set to recover from five straight sessions of falls on Tuesday, following Wall Street which rose after U.S. senators struck a deal to end the federal government shutdown.U.S. stocks advanced on Monday as each of Wall Street's main indexes touched a record intraday level. Strength in oil and base metal prices is seen supporting the Australian materials secto...Read More
TORONTO, Jan 22 (Reuters) - Canada's main stock index edged lower on Monday as railroad and materials shares declined, offsetting gains for the energy group, which was supported by higher oil prices.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 5.48 points, or 0.03 percent, at 16,347.98. Just four of the index's 10 main groups ended lower. (Reporting by Fergal S...Read More
(Kitco News) - Gold is looking strong this year, with the potential to hit $1,425, global trading director at Kitco Metals Peter Hug said, adding that an interesting pattern has developed between the U.S. Federal Reserve and gold prices.“If we look at the patterns that started with the first Fed rate increase in 2015: gold moved up about $150, then came back. In December 2016, when the Fed r...Read More
(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