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RT @business: Brent crude's relentless rally has put $70 a barrel on the radar for the first time since 2014

January 09, 2018 / bloom.bg

Brent crude's relentless rally has put $70 a barrel on the radar for the first time since 2014. Monthly average prices for the global benchmark increased every month since July, the longest such advance in almost seven years. The positive momentum, extreme bullish speculation, and recent pipeline halts in North America and the North Sea have all helped Brent's strong start to 2018.Read full newsRead More

EMERGING MARKETS-LatAm currencies weaken as U.S. dollar rebounds from sell-off

January 09, 2018 / www.kitco.com

By Bruno FederowskiSAO PAULO, Jan 9 (Reuters) - Latin American currencies weakened on Tuesday as the U.S. dollar rebounded from an early 2018 sell-off that drove it to the lowest in more than three months.Emerging market currencies kicked off the year with a rally as solid economic growth figures drove investors away from the greenback and toward riskier assets.That move faded in recent days as ex...Read More

RT @AFParchives: 1978 in Iran. The first sparks fly in the Iranian Revolution

January 09, 2018 / u.afp.com

As a child 40 years ago, Mohammad Hassan Sharifzadeh saw the opening salvos of the Islamic revolution in Iran, starting with a particularly strange scene in a mosque in the holy city of Qom.Read full newsRead More

Johnson & Johnson Lifts Dow to Another Record High

January 09, 2018 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading at record highs once again, putting the latter two indexes on pace for a sixth straight win. Bank shares continue to rally ahead of fourth-quarter earnings season, while a raft of positive analyst attention for high-profile stocks -- including today's top Dow gainer, Johnson & Johnson (JNJ) -- and...Read More

East China Sea oil tanker burns for third day as winds, high waves lash rescuers | Article [AMP] | Reuters

January 09, 2018 / www.google.com

Strong winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship.Read full newsRead More

Newrange Finds New Host Rock Units With Deep Drilling At Pamlico Gold Project, Nevada

January 09, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More

Newrange Finds New Host Rock Units With Deep Drilling At Pamlico Gold Project, Nevada

January 09, 2018 / www.stockwatch.com

Mr. Robert Carrington reportsNEWRANGE FINDS NEW HOST ROCK UNITS WITH DEEP DRILLING AT PAMLICO GOLD PROJECT, NEVADA Newrange Gold Corp. has identified multiple new rock units favourable for hosting gold mineralizationin the Merritt target area at the company's 100-per-cent-controlled Pamlico project in western Nevada. In particular, the company has now verified quartz veining and silicification in...Read More

J Sainsbury expected to report sluggish like-for-like sales growth for final quarter of 2017

January 09, 2018 / www.proactiveinvestors.co.uk

Morrisons has thrown down the gauntlet to supermarkets and we'll see on Wednesday whether J Sainsbury PLC picks it up.Of course, Morrisons and Sainsbury's operate in different strands of the supermarket spectrum, plus the latter now includes Argos within the group, but even so, Morrisons' 2.8% year-on-year growth in like-for-like (LFL) sales (excluding fuel) in the 10 weeks to 7 January has s...Read More

US STOCKS-Wall St edges higher as healthcare, bank stocks gain

January 09, 2018 / www.kitco.com

* Target joins retailers that recorded strong holiday sales* Microsoft halts some AMD chip Meltdown patches after PCs freeze* Healthcare, bank stock lead S&P gainers* Indexes up: Dow 0.43 pct, S&P 0.35 pct, Nasdaq 0.22 pct (Changes comment, updates prices, adds details)By Sruthi ShankarJan 9 (Reuters) - Wall Street's main indexes edged higher on Tuesday as healthcare and bank stocks gained...Read More

REFILE-Transition period has priority over ultimate Brexit, British ministers write

January 09, 2018 / www.kitco.com

(Refiles to add Brexit minister's first name)BERLIN, Jan 9 (Reuters) - British finance minister Philip Hammond and Brexit minister David Davis wrote in a German newspaper that they wanted to give German business leaders the message that a transition period took priority over Britain's final exit from the European Union.The ministers, who are due to begin a visit to Germany on Wednesday, wrote in...Read More

Silver To Underperform Gold In 2018 - Capital Economics

January 09, 2018 / www.kitco.com

(Kitco News)- One key theme among precious metals analysts, as the newyear started, was that silver, which had a dismal 2017, would outshine gold;however, one research firm is taking a contrarian view.In a report Tuesday, Simona Gambarini, commoditieseconomist at Capital Economics, said that she is expecting silver prices tounderperform gold, a continuation of the trend from last year.The U.K-base...Read More

Italy's 5-Star says it is no longer time to leave the euro

January 09, 2018 / www.kitco.com

ROME, Jan 9 (Reuters) - The leader of Italy's anti-establishment 5-Star Movement which leads opinion polls ahead of a March 4 election said on Tuesday that pulling Italy out of the euro zone was no longer a goal of his party.5-Star has steadily rowed back on a previous commitment to hold a referendum on Italy's euro zone membership as it tries to reassure voters and investors that it can be truste...Read More

Boeing shares have more room to fly in 2018 - analysts

January 09, 2018 / www.kitco.com

By Rachit VatsJan 9 (Reuters) - Rising demand for jet sales pushed Boeing Co's stock to the top of the Dow Jones Industrial Average in 2017, and record cash flow to fuel projects, sustain dividends and buy back shares could give it another bumper year, analysts said.After a resurgence in jet sales driven by a solid global economy and with most of its production issues behind it, Boeing has found i...Read More

UPDATE 2-Mexico inflation at 16-1/2 year high, seen pressuring central bank

January 09, 2018 / www.kitco.com

(Adds comments from economists, recasts first paragraph)MEXICO CITY, Jan 9 (Reuters) - Mexico's annual inflation rate climbed to a 16-1/2 year high in 2017, piling pressure on the central bank and its new governor to act again next month to rein in inflation after hiking borrowing costs at the December monetary policy meeting.Inflation stood at 6.77 percent in the year to December, the highest an...Read More

Deere Stock Returned Huge Gains for Contrarian Traders in 2017

January 09, 2018 / www.schaeffersresearch.com

We've been recounting some of our top stock picks of 2017. While Chipotle (CMG) was a big winner on the short side, industrial stock Trinity Industries Inc (TRN) was one of our market-beating recommendations on the long side. Another successful long recommendation we made in 2017 was farming machinery concern Deere & Company (NYSE:DE). Here's a closer look at why we were bullish on DE stock in 2...Read More

Gold eases back to $1315 on Fed rate hike prospects

January 09, 2018 / www.fxstreet.com

   •  Resurgent USD demand prompts fresh selling.   •  Surging US bond yields exert additional pressure. Gold came under some renewed selling pressure on Tuesday and resumed with its corrective slide from last week’s three-and-a-half month highs. The precious metal struggled to build on overnight rebound and was now being weighed down by a strong follo...Read More

UPDATE 1-Fed's Kashkari: Keep interest rates low to boost wages, inflation

January 09, 2018 / www.kitco.com

(Adds background)WASHINGTON, Jan 9 (Reuters) - The U.S. Federal Reserve should keep interest rates low so that wage gains accelerate and inflation rises, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday."Inflation has been low, wage growth has been low, so I'm advocating for lower interest rates to get wages up and to get inflation back to our 2 percent target," Kashk...Read More

UPDATE 2-Euro zone bond yields up on new supply; US, Japanese gains

January 09, 2018 / www.kitco.com

* Germany, Netherlands and Austria sell bonds on Tuesday* Yields on all three well up from mid-December* BoJ buying pattern pushes U.S. Treasury yields up* Euro zone periphery govt bond yields (Recasts with rise in yields)By Abhinav Ramnarayan and Fanny PotkinLONDON, Jan 9 (Reuters) - Euro zone government bond yields rose on Tuesday, following a wave of new debt issuances from the bloc's top-rated...Read More

CANADA STOCKS-TSX steady as energy shares rise, materials slip

January 09, 2018 / www.kitco.com

(Adds details on stocks and sectors throughout; updates prices)* TSX rises 9.89 points, or 0.06 percent, to 16,327.54* Six of the index's 10 main groups fall* Energy group gains 0.7 percent* Materials sector falls 0.7 percent TORONTO, Jan 9 (Reuters) - Canada's main stock index was little changed on Tuesday as shares of energy and marijuana producers rose, balancing a dip in the materials group...Read More

Saudi to ease requirements for foreign investors in bourse from Jan. 23

January 09, 2018 / www.kitco.com

DUBAI, Jan 9 (Reuters) - Saudi Arabia will ease requirements for foreign institutional investors in its stock market from Jan. 23, the securities regulator said on Tuesday, as the kingdom seeks more foreign capital to help diversify the economy beyond oil exports.Among the reforms, the minimum value of assets under management needed for an institution to qualify as an investor will fall to $500 mi...Read More

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