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US STOCKS-Wall St slips as UK vote, Comey testimony awaited

June 06, 2017 / www.kitco.com

* 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 Back in the Red in Nervous Trade as Investors Play Wait and See - TheStreet

June 06, 2017 / www.thestreet.com

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

CANADA STOCKS-TSX little changed as investor cautious; gold miners shine

June 06, 2017 / www.kitco.com

* 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

FOREX-Dollar dips vs yen as investors turn cautious

June 06, 2017 / www.kitco.com

* 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

South African recession puts fiscal targets at risk -Treasury

June 06, 2017 / www.kitco.com

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

Nigeria seeks approval from lawmakers for $1.5 bln loan for states' projects

June 06, 2017 / www.kitco.com

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

TREASURIES-U.S. yields fall as jittery investors pile into bonds

June 06, 2017 / www.kitco.com

* 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

Nigeria's stock market ends two-week rally, index sheds 1.2 pct

June 06, 2017 / www.kitco.com

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

Canada's Ivey purchasing index slows in May

June 06, 2017 / www.kitco.com

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

MIDEAST STOCKS-Gulf falls as Qatar crisis worries investors, Egypt continues ascent

June 06, 2017 / www.kitco.com

* 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

Adamera begins phase 1 drilling in Washington State

June 06, 2017 / www.stockwatch.com

Mr.Mark Kolebaba reportsADAMERA STARTS DRILLING IN WASHINGTON STATEAdamera Minerals Corp.'s2017 drilling program in Washington State is under way. The first hole to be drilled is on the Oversight target immediately east of the past-producing Overlook gold mine. The drill hole will test a 70-metre deep VTEM (versatile time-domain electromagnetic) conductor supported by soil geochemistry (see May 24...Read More

Kenya central bank to hold next rate-setting meeting on July 17

June 06, 2017 / www.kitco.com

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

Spanish economy could grow above 3 pct in 2017 - Bank of Spain head

June 06, 2017 / www.kitco.com

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

TABLE-Yields fall in weekly South Africa government bond auction

June 06, 2017 / www.kitco.com

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 Rally On 'Everyone Wins Friday'

June 06, 2017 / seekingalpha.com

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

US STOCKS-Wall St lower as UK vote, Comey testimony in focus

June 06, 2017 / www.kitco.com

* 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

CANADA STOCKS-TSX falls as financials, energy weigh

June 06, 2017 / www.kitco.com

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

Novo Resources appoints Humphryson as CEO

June 06, 2017 / www.stockwatch.com

Mr. Quinton Hennigh reportsNOVO ANNOUNCES CHANGES IN MANAGEMENT TEAM, APPOINTS NEW CEO AND CFO Novo Resources Corp. has appointed Robert Humphryson as the company's chief executive officer (CEO).Dr. Quinton Hennigh will become Novo's first chairman and retain his position as president.Mr. Humphryson, a mining engineer, graduated from the Western Australian School of Mines in 1990. Mr. Humphryson h...Read More

Bourses say big bang mergers sidelined by "quiet" hunt for content

June 06, 2017 / www.kitco.com

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

Klondike Gold begins drilling at Klondike property

June 06, 2017 / www.stockwatch.com

Mr. Peter Tallman reportsKLONDIKE GOLD COMMENCES 2017 DRILL PROGRAMKlondike Gold Corp. has commenced diamond drilling and geophysical surveying as part of a $2-million exploration program within the company's Klondike district property inYukon. The company exploration plan for 2017 includes 50 to 60 diamond drill holes as well as targeted geophysical surveying, soil sampling, mapping and prospecti...Read More

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