ROME, June 6 (Reuters) - The collapse of two regional banks in Italy's Veneto region would trigger a systemic crisis that risked dragging down the whole domestic economy, Economy Undersecretary Pierpaolo Baretta said on Tuesday.Banca Popolare di Vicenza and Veneto Banca have requested a state bailout to help fill a combined capital shortfall of 6.4 billion euros ($7.2 billion).However, sources hav...Read More
* Former FBI director to testify before Congress on Thursday* UK election outcome, ECB meeting also on same day* Oil falls further below $50 as Mideast rift weighs* Dow down 0.12 pct, S&P off 0.12 pct, Nasdaq up 0.08 pct (Adds details, changes comment, updates prices)By Tanya AgrawalJune 6 (Reuters) - U.S. stocks edged lower in late morning trading on Tuesday as investors shunned riskier assets ah...Read More
Stocks fell back into the red on Tuesday as investors awaited clarity on a number of market-moving events with geopolitical ramifications later in the week. The S&P 500 was down 0.2%, the Dow Jones Industrial Average slid 0.16%, and the Nasdaq fell 0.04%. Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oi...Read More
* TSX up 1.97 points, or 0.01 percent, to 15,411.75* Six of the TSX's 10 main groups were down TORONTO, June 6 (Reuters) - Canada's main stock index held steady on Tuesday as investors, wary over political uncertainties from the United States to the Middle East, shied way from riskier assets, and gold mining companies, bolstered by a surge in bullion prices, offset declines. At 10:34 a.m. ET (14...Read More
* Dollar sinks below 110 yen for first time in six weeks* Three significant "risk events" due on Thursday* Graphic: World FX rates in 2017 (Updates with U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, June 6 (Reuters) - The dollar fell to a more than six-week low against the yen on Tuesday, dipping below a key technical level as treasury yields slipped on heighten...Read More
JOHANNESBURG, June 6 (Reuters) - South Africa's negative economic growth is a risk to fiscal targets and puts pressure on the government to intensify growth programmes as a matter of urgency, the Treasury said on Tuesday.South Africa entered recession for the first time in eight years, led by weak manufacturing and trade, data from Statistics South Africa showed. "This worse-than-expected GDP outc...Read More
ABUJA, June 6 (Reuters) - Nigeria's government is seeking approval from lawmakers to borrow $1.5 billion from international lenders to fund projects in a number of the country's states, a letter by the acting president said on Tuesday.The letter by Yemi Osinbajo, was read out in both chambers of parliament. President Muhammadu Buhari handed over power to Osinbajo before travelling to Britain on me...Read More
* Longer-dated yields touch lowest levels since November* Investors eye U.K. election, ECB meeting, Comey testimony* China may buy more U.S. bonds as yuan steadies -Bloomberg (Updates market action, adds quote)By Richard LeongNEW YORK, June 6 (Reuters) - U.S. Treasury yields fell on Tuesday as nervous investors favored bonds and other safe-haven assets ahead of a trio of events on Thursday: Britai...Read More
By Oludare MayowaLAGOS, June 6 (Reuters) - Nigerian stocks slipped for the first time in two weeks after some investors decided to book profits from a rally that had pushed the market index to a 23-month high.The index dropped 1.16 percent to 32,200 points as Dangote Cement and First Bank shed some of their gains made in the last week. The market rally began on May 22. Shares in Dangote Cement , w...Read More
OTTAWA, June 6 (Reuters) - The pace of purchasing activity in Canada slowed substantially in May as measures of prices, employment and supplier deliveries declined, according to Ivey Purchasing Managers Index data released on Tuesday.The seasonally adjusted index fell to 53.8 from 62.4 in April. A reading above 50 indicates an increase in the pace of activity.However, the unadjusted index rose to...Read More
* Qatar rebounds early on but soon falls back* Stocks related to foreign trade are hit hard* Saudi petchems hit after Qatar crisis pulls down oil prices* Drake & Scull continue rebound in Dubai* Egypt's Remco Tourism leaps on sales plan By Andrew TorchiaDUBAI, June 6 (Reuters) - Most Gulf stock markets fell on Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt's equ...Read More
NAIROBI, June 6 (Reuters) - The Monetary Policy Committee of Kenya's central bank will meet to set lending rates on July 17, the bank said on Tuesday.At its meeting in late May, the policymakers held the bank's benchmark lending rate at 10.0 percent. (Reporting by George Obulutsa) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc...Read More
MADRID, June 6 (Reuters) - The Bank of Spain's head said on Tuesday the Spanish economy could grow faster in 2017 than previously forecast, possibly above 3 percent."It can't be ruled out that the growth estimated for this year will be greater than anticipated a few months ago, and could even be above 3 percent," Luis Maria Linde said in a speech at Spain's Senate.In April, the Bank of Spain forec...Read More
JOHANNESBURG, June 6 (Reuters) - South Africa's Treasury sold a total of 2.65 billion rand ($207 million) worth of its 2035 , 2044 and 2048 instruments on Tuesday.Yields fell compared with previous auctions.R2035 BOND: Feb 28, 2035 - 8.875 pct couponAuction date:06/06/17 09/05/17Best bid %9.23 9.48Worst bid % 9.59.665Clearing yield %9.39 9.515Total bids (R'bln)1.79 2.475Allotted (R'bln)0.90.9Bid-t...Read More
Silver and gold continue to rally.Odd trading occurred on Friday.The EU has been cut loose by Trump and will not likely stand.The anti-dollar rally will likely continue this week.Silver (NYSEARCA:SLV) is on a tear. It has retraced more than half of a brutal sell-off that began in mid-April which saw more than $2.60 shaved off the price. That sell-off cut short a rally that looked strong enough to...Read More
* Former FBI director to testify before Congress on Thursday* UK election outcome, ECB meeting also on same day* Oil falls further below $50 as Mideast rift weighs* Indexes down: Dow 0.22 pct, S&P 0.24 pct, Nasdaq 0.20 pct (Updates to open)By Tanya AgrawalJune 6 (Reuters) - U.S. stocks opened lower on Tuesday as investors shunned riskier assets ahead of what is expected to be a busy Thursday, when...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index fell on Tuesday, tracking global market sentiment, with financials and energy stocks leading the index lower.The Toronto Stock Exchange's S&P/TSX composite index fell 36.69 points, or 0.24 percent, to 15,373.09 shortly after the open.Seven of the index's 10 key sectors were in the red, with materials, which rallied on surging gold prices, among...Read More
By Huw JonesLONDON, June 6 (Reuters) - The collapse of Deutsche Boerse and London Stock Exchange's attempt to create a superbourse has left exchanges focusing on low key, incremental acquisitions, top bourse officials said on Tuesday.The third attempt to link up London and Frankfurt ended in March after it faced opposition from European Union competition regulators, and from German officials who o...Read More
Stock futures moved lower on Tuesday morning as investors awaited clarity on a number of market-moving events later in the week. S&P 500 futures were down 0.3%, Dow Jones Industrial Average futures slid 0.24%, and Nasdaq futures declined 0.22%. Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oil prices teamed...Read More
Citi Researchsees precious metals peaking in the current quarter. "Reluctant to pick upslack in the market, investor anxiety suggests further headwinds persist into3Q 17," the bank says. "Multi-year low price volatility for both gold andsilver reinforce limited opportunity for investor participation and suggestslittle deviation from the current trend." The bank says the bid for gold hasremained in...Read More