Plus500, which lets investors trade on complex financial instruments such as contracts for difference through its website and mobile app, expects to deliver a core profit of $387 million for the year ended Dec. The London-listed company said its annual revenue came in about $718 million in the year ended Dec. …Read the full story
Prosus shares, which often trade in line with the company’s biggest asset, a 28.9% stake in Chinese software giant Tencent , have retreated since reaching a high above 109 euros in February. …Read the full story
Speaking to Michelle Makori, editor-in-chief of Kitco News, Dent said that risk assets will sell-off in waves, with the first wave seeing U.S. equity markets drop as much as 40% and the entire bear market phase totaling up to a loss of 90% for the S&P 500, not unlike what happened to tech stocks during […]
In October, the latest month for which reliable data was available, the number of employees put on reduced working hours in job protection schemes, also known as Kurzarbeit, fell to some 710.000. …Read the full story
LONDON, Dec 28 – Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, supported by supply outages and expectations that U.S. Brent crude rose by 55 cents, or 0.7%, to $79.15 a barrel by 1410 GMT, after hitting a session high […]
At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Thursday, the U.S. Continuing jobless claims, which represent the number of people already receiving benefits, were at 1.859 million during the week ending Dec. …Read the full story
At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. February gold was last up $9.50 at $1,798.20 and March Comex silver was last up $0.226 at $22.755 an ounce. Bulls’ next upside price objective is to produce a close above solid resistance at […]
At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. – Traditionally, the last month of the year and the start of the new year has seen a strong seasonal period for gold. In a recent commentary, Darin Newsom, president of Darin Newsom Analysis, […]
Shares of the company, also known as CE Info Systems, opened at 1,565 rupees before rising as high as 1,590 rupees, compared with the IPO price of 1,033 rupees. Last week, profit-making MapmyIndia’s initial public offering was subscribed a stunning 154.71 times with bids worth 1.13 trillion rupees. …Read the full story
At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Reason: It has the luxury of acting like a safe-haven asset on some occasions, and acting like a risk-off industrial metal on other occasions, with nobody able to predict which personality the metal will […]
equities moved, it was not so much about the statement and dot plot, but it was all about Powell’s press conference. The last time gold had a closing price this high was on November 5, two days after the November FOMC meeting. On the day the November FOMC meeting concluded gold futures had opened at […]
Once the markets were able to process Fed’s accelerated tapering, which was well telegraphed, Wall Street knew about the massive shock you are going to see when Fed is done buying assets,” OANDA senior market analyst Edward Moya told Kitco News. There is an idea that the Fed is setting itself up to fall short […]
“East Asian spot LNG is responding to some local bearish factors with terminal tanks are considered to be close-to-full. Europe, meanwhile, continues to rally on the back of developments concerning Nord Stream 2 and the growing tensions in Ukraine,” said Tom Marzec-Manser, head of gas analytics at data intelligence firm ICIS. “The pricing dynamics across […]
“If you don’t move as an incumbent, you are in trouble. Reuters was unable to obtain more recent industry-wide data, but some of the industry’s leading players said net inflows remained above pre-pandemic levels and were outstripping market gains. Independent online platform Freetrade says its assets had leapt to 1.1 billion pounds, from 240 million […]
Initial claims for state unemployment benefits rose 18,000 to a seasonally adjusted 206,000 for the week ended Dec. Aside from the year-end volatility in claims, the labor market is strengthening. …Read the full story
