Jan 13 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS15-Jan Netherlands DTC auction15-Jan NorwayAuction of Treasury bills16-Jan Japan Auction of 5-year government bonds16-Jan Spain Auction of 6- and 12-month Treasury bills17-Jan Japan 1-year discount bill auction17-Jan Germany Auction of 3...Read More
Jan 13 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- MONDAY, JANUARY 15LONDON - Bank of England Economist Silvana Tenreyro speaks on "The Fall i...Read More
(Adds comments, background)By Ann SaphirJan 12 (Reuters) - The recent drop in U.S. unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday."I'm disagreeing with that framework," Rosengren said at the Global Interd...Read More
* Euro surges on ECB tapering hopes; sterling up* Wall St hits record highs on earnings optimism, data* U.S. yields up on inflation, 2-year highest since 2008 crisis* Oil prices rise for a sixth day (Updates with U.S. markets' closing levels)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on...Read More
(Repeats with no change to headline or text)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk te...Read More
(Updates prices, adds details on Mexican peso)By Bruno and FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into j...Read More
(Adds details, comments, table, byline)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar positions, derived from net positions of International Monetary Market spe...Read More
The family that pioneered the oil industry in America wants to expose what Exxon hid from the public about climate change.Read full newsRead More
The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.Read full newsRead More
(Adds details, comment on marijuana stocks, updates prices to close)* TSX ends up 21.24 points, or 0.13 percent, at 16,308.18* Six of the TSX's 10 main groups move lower* Index slips 0.25 percent on week TORONTO, Jan 12 (Reuters) - Canadian lumber companies and gold miners gained and the country's biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly...Read More
U.S. stocks have done it again, extending their quest for record highs. Well-received bank earnings drove stocks higher, led by JPMorgan Chase (JPM). In addition, traders applauded solid retail sales data, with holiday spending surging by the most since 2005, according to the National Retail Federation. Against this backdrop, the Dow enjoyed a second straight gain of more than 200 points, and has...Read More
* Consumer discretionary is top gainer, utilities biggest loser* Retail sales rise 0.4 percent; core sales up 0.3 percent* Rising rents, healthcare costs boost underlying U.S. inflation* Indexes up: Dow 0.79 pct, S&P 0.61 pct, Nasdaq 0.61 pct (Updates to close, adds commentary)By Sinead CarewJan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-qu...Read More
BUENOS AIRES/SAO PAULO, Jan 12 (Reuters) - Banco do Brasil plans to wait for better market conditions before listing shares of Banco Patagonia, in which it has a majority stake, the CEO of Brazil's state-run bank told Banco Patagonia board members on Friday, two sources familiar with the matter said.CEO Paulo Rogerio Caffarelli reiterated in Buenos Aires that Banco do Brasil was not currently look...Read More
Jan 12 (Reuters) - The recent drop in U.S. unemployment poses a bigger risk to the sustainability of the economic recovery than lower-than-expected inflation, Boston Fed president Eric Rosengren said Friday.Inflation has run stubbornly below the Fed's 2-percent goal even as unemployment has fallen to 4.1 percent and looks set to decline further. Some Fed policymakers have urged waiting on rate hik...Read More
TORONTO, Jan 12 (Reuters) - Canada's main stock index ended barely higher on Friday, as rising gold miners, lumber companies and other resource stocks offset sharp losses for cannabis producers. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 21.24 points, or 0.13 percent, at 16,308.18. It lost 0.25 percent over the course of the week. (Reporting by Alastair Sharp;...Read More
NEW YORK, Jan 12 (Reuters) - Wall Street continued its rally on Friday with record closing highs as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.The Dow Jones Industrial Average rose 228.46 points, or 0.89 percent, to 25,803.19, the S&P 500 gained 18.67 points, or 0.67 percent, to 2,786.23 and the...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------Martin Luther King Jr. Day (federal holiday)------------------------------------------------------- DIARY - Federal Reserve Events U.S. Indicators (Washington economics team) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every eff...Read More
Investors are betting there's more to come from commodities after a surge in industrial metals and oil prices.Read full newsRead More
AIM Journal writer Andrew Hore tells Proactive that since the journal's inception in 2009, many companies featured on AIM have positively grown. Andrew discusses trading statements on US based construction company Somero and computer games co-developer Sumo, giving Proactive insights into the pertinent facts and figures. Meet Netscientific PLC, discoverIE Group plc, Itaconix Plc and Realm Th...Read More
* Euro surges on ECB tapering hopes; sterling jumps* Wall St scales record highs on earnings optimism, data* U.S. yields up on inflation, 2-year highest since 2008 crisis* Oil adds to rally, heads for fourth week of gains (Updates with oil settlements)By Caroline ValetkevitchNEW YORK, Jan 12 (Reuters) - The U.S. dollar slumped to a more than three-year low against the euro on Friday, extending rec...Read More