TORONTO, Jan 2 (Reuters) - Canada's main stock index opened little changed on Tuesday, helped by gold miners and marijuana companies while financial stocks and energy companies weighed.The Toronto Stock Exchange's S&P/TSX composite index was down 4.51 points, or 0.03 percent, at 16,204.62 shortly after opening in positive territory. (Reporting by Alastair Sharp Editing by Chizu Nomiyama) Disc...Read More
Jan 2 (Reuters) - Wall Street's main indexes opened higher on Tuesday, the first trading day of 2018, signaling stocks were set to extend last year's strong run.The Dow Jones Industrial Average rose 112.93 points, or 0.46 percent, to 24,832.15.The S&P 500 gained 11.3 points, or 0.42265 percent, to 2,684.91.The Nasdaq Composite added 28.66 points, or 0.42 percent, to 6,932.04. (Reporting by Sr...Read More
Stock futures are signaling a positive start to the new year, after the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) notched impressive 2017 returns. The premarket gains come as February-dated crude futures hold above the $60-per-barrel mark amid increasing political tension in Iran and the U.S. Dollar Index (DXY) points to a fifth straight down day. Ahead...Read More
McDonald's Corporation (NYSE:MCD) is set to start the new year on the right foot, thanks to a bullish note from Nomura. The brokerage firm named the fast food giant its top pick for domestic restaurant stocks, expecting a number of factors -- including a new Dollar Menu -- to lead to better-than-expected results over the next two years. As such, the covering analyst raised his price target to $190...Read More
* Emaar group stocks bought back in Dubai on valuations* Gulf Navigation sinks on rights issue plan* Banks boost Abu Dhabi, Qatar* Saudi's Bupa Arabia climbs on deal with Aramco* Kuwait general index falls sharply but blue chips steady By Andrew TorchiaDUBAI, Jan 2 (Reuters) - Stock markets in the United Arab Emirates and Qatar rose as they opened for the first day of trade in 2018, while Saudi A...Read More
WARSAW, Jan 2 (Reuters) - Poland's finance ministry will offer treasury bonds worth 3 billion zlotys ($869.51 million) - 5 billion zlotys at an auction on Thursday, the ministry said on Tuesday.The ministry said it will offer bonds due July 2020, November 2022, January 2023, April 2028 and May 2028.($1 = 3.4502 zlotys) (Reporting by Marcin Goclowski and Agnieszka Barteczko; Writing by Lidia Kelly)...Read More
GoldenStar Resources (NYSE American: GSS;TSX: GSC;GSE: GSR) reports two fatalities occurred at its Prestea Underground GoldMine in Ghana. An initial investigation suggests that two employeessuccumbed to smoke inhalation following exposure to blasting gasses on Friday,the company says. Golden Star suspendedoperations at Prestea Underground for the initial investigation...Read More
STOCKHOLM, Jan 2 (Reuters) - Sweden's unemployment rate as measured by the number of registered jobless inched up to 7.5 percent in December from 7.4 in November, a Reuters calculation based on data from the Swedish Public Employment Service (SPES) showed on Tuesday.SPES will publish its December figure on Jan. 11. Reuters' calculation is based on weekly data released by the agency.Open unemployme...Read More
The books for 2017 are closed, but as we move into 2018, loyal readers of Monday Morning Outlook are fully aware that the year-end closing levels on major equity, volatility, commodity, and currency benchmarks -- along with their related exchange-traded funds (ETFs) -- could serve as key potential support and resistance levels. This could be the case at least early in 2018, and maybe throughout th...Read More
Two underground mine workers succumbed to smoke inhalation sickness following exposure to blasting gasses at Golden Star's Prestea underground gold mine in Ghana on December 29.In a statement, Golden Star said it suspended operations at Prestea to allow for the initial investigation of the incident. The mine has now resumed full operation. Mine management and the Inspector of Mines are conducting...Read More
Two underground mine workers succumbed to smoke inhalation sickness following exposure to blasting gasses at Golden Star's Prestea underground gold mine in Ghana on December 29.In a statement, Golden Star said it suspended operations at Prestea to allow for the initial investigation of the incident. The mine has now resumed full operation. Mine management and the Inspector of Mines are conducting...Read More
(Kitco News) - Gold prices are up and hit a more-than-three-month high in early U.S. trading Tuesday.A slumping U.S. dollar index that hit a better-than-three-month low today isbullish for the precious metals markets. Gold and silver markets are alsoseeing safe-haven demand on heightened geopolitical risks. February Comex gold was last up $4.50 an ounce at $1,313.90. March Comex silver was last do...Read More
* Asia shares ex-Japan cheered by upbeat China survey* Dollar downtrodden after suffering worst year since 2003* Commodities benefit from dollar weakness, China demand* Oil prices hover at highest since mid-2015* European shares squeezed down by currency strength* Wall Street expected to start 0.3 percent higher By Marc JonesLONDON, Jan 2 (Reuters) - The ailing dollar fell to its lowest in over t...Read More
Gold priceshave hit a three-month high with the help of a vulnerable U.S. dollar, says Lukman Otunuga, research analystat FXTM. “With the dollar stumbling into the New Year under renewedselling pressure, gold is likely to remain heavily supported, with pricespotentially appreciating towards $1,320 this week,” the analyst says. “From atechnical standpoint, the yellow metal is bull...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Updates with unit Leshi's statements in 8-9)SHANGHAI, Jan 2 (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress.The Beijing branch of the China Securities Regulatory Commission (CSRC)...Read More
(Kitco News) - Gold continues to findbuying interest on the back of continued dollar weakness and growinggeopolitical rhetoric from North Korea and Iran. An uptick in manufacturingdemand out of China continues to help the industrial metals, and the current cold snap in the U.S. Northeasthas helped maintain oil above $60. Technically,gold looks healthy and a break to the $1,322 level is possible, b...Read More
(Kitco News) - Gold continues to find buying interest on the back of continued dollar weakness and growing geopolitical rhetoric from North Korea and Iran. An uptick in manufacturing demand out of China continues to help the industrial metals, and the current cold snap in the U.S. Northeast has helped maintain oil above $60. Technically, gold looks healthy and a break to the $1,322 level is possib...Read More
FRANKFURT, Jan 2 (Reuters) - German energy group Innogy on Tuesday said it was examining potential cost cuts across all segments, less than two weeks after its chief executive left in the wake of a profit warning."The Innogy Executive Board is currently reviewing discretionary spending across all segments for the potential to deliver further cost reductions," Innogy, which is majority-ow...Read More