Editor's Note: View Kitco News' full 2018 outlook coverage(Kitco News) - Kitco News brought back a fan favorite this year in an effort to give YOU, our dedicated readers, a voice! After a few weeks of voting, we have finally tallied up the results to unveil who our readers and viewers think merits the title of CEO of 2017. After sifting through thousands of responses, and the names of over 100 CEO...Read More
By Marc JonesLONDON, Jan 5 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/ PARTY ON World stocks started the year with their best week in over a year and while it's tempting to say "same old, same old" as markets smash another host of milestones and records, you still have to take...Read More
As the first full trading week of January comes around, the flow of post-Christmas retail trading updates picks up following the mixed news from Next Plc and Debenhams PLC (LON:DEB), with all the UK food retailers set to report, as well as high street stalwart Marks & Spencer Group PLC (LON:MKS).The UK's major supermarket chains have all been grappling tough competition from discounters Aldi a...Read More
Like a number of names in the semiconductor sector, auto stocks are having a monster start to 2018 -- after data on Wednesday showed 2017 sales held near record levels, despite the industry's first annual decline since 2009. Among the names pacing for impressive weekly gains are Fiat Chrysler Automobiles NV (NYSE:FCAU) and Navistar International Corp (NYSE:NAV). And if history is any guide, it cou...Read More
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most of the year.However, all that glitters is not gold, and all that does not fluctuate like Bitcoin is n...Read More
Ian Bristow, Finance Director of Symphony Environmental Technologies (LON:SYM) tells Proactive how after the October announcement that profits would be not less than ?350,000, Symphony has now raised guidance to "not less than ?400,000", up from ?123,000 in 2016.The global specialist in products and technologies that "make plastic smarter" said revenues for 2017 should clock in at around ?8.2m...Read More
By Ann Saphir, Lindsay Dunsmuir and Jason LangeSAN FRANCISCO/WASHINGTON, Jan 5 (Reuters) - Jerome Powell, President Donald Trump's pick to lead the U.S. central bank starting next month, backed the Federal Reserve's third bond-buying program only reluctantly, transcripts from the Fed's 2012 policy meetings show. "I'm supporting (the decision) with a certain lack of enthusiasm, and I am somewh...Read More
* Zinc reaches highest since August 2007 at $3,375/T* GRAPHIC-2017 asset returns: * LME/ShFE arb: (Updates with closing prices, adds details)By Maytaal AngelLONDON, Jan 5 (Reuters) - Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming.Zinc st...Read More
* Graphic: sterling and gilt yields * Graphic: World FX rates in 2017 * Graphic: Trade-weighted sterling since Brexit vote By Jemima KellyLONDON, Jan 5 (Reuters) - Sterling steadied against the dollar on Friday, ending the week at much the same levels it started at, with traders keen to see new developments on Brexit negotiations before taking new positions on the British currency. Economic data r...Read More
When big companies get hit by DDoS attacks, big profits get lost. That's why corporations are turning not only to faster connection speeds but also to sophisticated firewall software technology like Corero Network Security's SmartWall Defense System to defend themselves. Ashley Stephenson, CEO of Corero Network Security (LON:CNS) explains the share jump off the back of two significant new orders a...Read More
Stocks seemingly can't be stopped, as the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) scale fresh record highs. Today's gains comes despite this morning's mixed December jobs report and heavy selling on energy stocks, with the tech sector again leading -- evidenced by strong moves from Dow stocks Cisco Systems (CSCO) and Apple (AAPL). Meanwhile, the ISM non...Read More
* U.S. economy adds 148,000 jobs in Dec vs est. 190,000* Average hourly earnings rise 0.3 pct, in line with estimates* Cisco rises after BofA Merrill Lynch slaps 'buy' rating* Indexes up: Dow 0.19 pct, S&P 0.23 pct, Nasdaq 0.48 pct (Changes comment, adds details, updates prices)By Sruthi ShankarJan 5 (Reuters) - Wall Street's major indexes rose to record highs on Friday after weaker-than-expec...Read More
By Bruno FederowskiSAO PAULO, Jan 5 (Reuters) - Latin American currencies treaded water on Friday after a mixed batch of U.S. employment figures kept traders guessing about the pace of U.S. interest rate hikes.U.S. job growth slowed more than expected in December, but a pick-up in monthly wage gains pointed to labor market strength. Economists saw the figures, after a recent stretch of solid econo...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage(Kitco News) - Invest Like The Experts is back but with a twist! Known as a fan favorite, the Expert Series brings togetherwell-known investors and Kitco regulars to find out where they will be puttingtheir money in 2018. This time, we asked investor David Erfle how he would invest$100,000 in the mining sector this year. He also share...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - Invest Like The Experts is back but with a twist! Known as a fan favorite, the Expert Series brings together well-known investors and Kitco regulars to find out where they will be putting their money in 2018. This time, we asked investor David Erfle how he would invest $100,000 in the mining sector this year. He also s...Read More
(Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker on Friday said he believes the central bank should raise rates just two times this year, fewer than most of his rate-setting colleagues, as low inflation continues to dog the U.S. economy.The dovish turn for Harker, a supporter last year of all three of the Fed’s interest-rate increases, signals a rising concern over the...Read More
The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high s...Read More
BENGALURU/MUMBAI, Jan 5 (Reuters) - Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.Gold prices hit 3-1/2-month highs on Thursday and were on track for a fourth straight weekly gain. Spot gold was down 0.36 percent at $1,318.12 per ounce at 0859 GMT on Friday.In top consumer China, premiums d...Read More
* World shares continue push higher* Dollar up after U.S. jobs report* Zinc prices highest in decade (Updates to U.S. trading open; changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Jan 5 (Reuters) - World shares continued their strong start to 2018, with Wall Street opening up and European stocks advancing, while the U.S. dollar reversed its losses against the euro after a b...Read More
(Kitco News) - Participants in the weeklyKitco News gold survey look for the precious metal to build on its gains nextweek, citing the soft U.S. jobs report released Friday and technical-chartmomentum. Wall Street Bullish Bearish Neutral VSMain Street Bullish Bearish Neutral Comex Februarygold topped the $1,300-an-ounce level on the final day of 2017 and has remainedabove...Read More