|Bid||7,410.00 x 0|
|Ask||7,530.00 x 0|
|Day's range||7,320.00 - 7,560.00|
|52-week range||6,250.00 - 11,100.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
World shares rose on Friday but stayed on track for their biggest weekly decline in three months as global trade tensions continued, though oil prices surged after OPEC decided on a modest production increase. U.S. Treasury yields edged higher, trading in narrow ranges as risk appetite improved a bit but worries over a trade conflict with China kept investors cautious. The pan-European FTSEurofirst 300 index rose 1.18 percent and MSCI's gauge of stocks across the globe gained 0.65 percent.
Is that it for the zinc rally? After hitting a 10-year high of $3,595.50 per tonne in February, the London Metal Exchange (LME) price has been sliding ever since. Expectations for one last bull hurrah have faded as exchange stocks have rebuilt, apparently calling time on the supply chain tightness that underpinned zinc's two-year charge from the January 2016 low of $1,444.50 per tonne.
Russian miner Petropavlovsk (LSE: POG.L - news) 's largest shareholder, who is calling for an overhaul of the board, has written to fellow shareholders, setting out plans to sell the company's stake in an iron ore unit and to draw up deal targets in the gold sector. The company holds its annual general meeting in London on June 29, when, only a year after the previous board was toppled, shareholders will be asked to vote on another board change following proposals by activist shareholders.
OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. "In the long term, this will have a negative effect on the global economy even if, in the short term, it might be positive for other non-U.S. producers," Austrian oil company OMV (IOB: 0MKH.IL - news) 's chief executive Rainer Seele said on the sidelines of an OPEC seminar in Vienna.
Mr Hancock decided not to refer the acquisition of a number of titles from Richard Desmond's media empire for further investigation. The deal gives the company control of four national newspaper titles also including the Sunday Express, Daily Star and Daily Star Sunday, plus celebrity magazines OK!, New (KOSDAQ: 160550.KQ - news) ! and Star.
The publisher of the Daily Mirror was cleared to buy rival tabloids the Daily Express, Daily Star and OK! magazine on Wednesday, with the government saying the deal would not limit the free expression of newspaper opinion. Trinity Mirror (Frankfurt: 885738 - news) , now called Reach, announced the 127-million-pound takeover in February, bringing together tabloids from opposite ends of the political spectrum in a group it said would be better positioned to cope with advertisers and readers moving online. Media Secretary Matt Hancock said he accepted regulators' opinions that the deal did "not give rise to a realistic prospect of a substantial lessening of competition" and did not raise concerns about the range of views and the free expression of opinion in Britain's newspapers.
Germany is pressing Washington to clarify whether it would let the Eurofighter Typhoon carry nuclear bombs as part of shared Western defences, an issue that could help decide whether Berlin orders more of the jets, sources familiar with the matter said. Although not a nuclear power, Germany hosts some U.S. nuclear warheads under NATO's nuclear-sharing policy and operates a number of Tornado warplanes that can deliver them. New (KOSDAQ: 160550.KQ - news) jets will need to be certified by Washington to carry out nuclear missions, a process which can take years.
Oil fell on Tuesday ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets. Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day, Energy Minister Alexander Novak told reporters, days ahead his visit to Vienna for the related summit.
U.S. Treasury yields fell on Tuesday, as trade tensions between China and the United States intensified after President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese ...
South African investment house Brait SE (Other OTC: BRTLF - news) reported a nearly one-third drop in annual net asset value on Tuesday after writing down to zero last November the value of its British clothing retailer, New (KOSDAQ: 160550.KQ - news) Look. Brait, which also owns gym chain Virgin Active and British supermarket Iceland Foods, said NAV totalled 27.1 billion rand ($1.95 billion), or 57.3 rand per share, in the year to end March. Shares (Berlin: DI6.BE - news) in Brait fell 1.2 percent to 36.80 rand as of 1029 GMT, bring losses over the last two years to nearly 70 percent.
Global stocks ended lower on Monday as investors eyed an escalating trade dispute between the United States and China while oil prices rose on bets that an OPEC production increase would be smaller than expected. U.S. President Donald Trump on Friday announced tariffs on $50 billion of Chinese imports, effective July 6. China said it would retaliate immediately by suspending previous trade agreements with Trump's administration and slapping duties on American exports, including crude oil.
U.S. long-dated Treasury yields slid on Monday, in tandem with Wall Street shares, as investors grew worried about an escalating trade war between China and the United States. U.S. 10-year and 30-year ...
Foreigners sold Treasuries for a second consecutive month in April, as holdings of central banks and government institutions declined, data from the Treasury Department showed on Friday. Analysts said ...
The U.S. dollar slipped against the Japanese yen on Friday, as President Donald Trump announced hefty tariffs on $50 billion of Chinese imports and Beijing threatened to respond in kind, raising tensions between the world's two largest economies. Trump, whose hardline stance on trade has seen him wrangle with allies, said in a statement a 25 percent tariff would be imposed on a list of strategically key imports from China. Earlier on Friday, China vowed to do just that.
Oil prices edged higher on Wednesday, turning positive after U.S. government data showed a bigger weekly draw than expected in domestic crude inventories along with unexpected declines in gasoline and distillate stocks. Earlier in the session, Brent and U.S. crude had retreated on concerns about rising production in the United States and expectations that OPEC and other producers could relax voluntary output cuts. Brent crude was up 53 cents at $76.41 a barrel by 10:52 a.m. EDT (1552 GMT).
The U.S. central bank's staunchest advocate for faster interest-rate hikes is set to regain the power to vote at the Federal Reserve's rate-setting meetings starting next month, but the shift is unlikely to mean faster rate hikes under Chair Jerome Powell. Thanks to a rarely-triggered clause in the Fed's rule book that passes voting rights to an alternate when the designated voter's post is vacant, Kansas City Fed President Esther George will vote on interest-rate decisions once San Francisco Fed President John Williams takes his new job as chief of the New (KOSDAQ: 160550.KQ - news) York Fed, on Monday.
* New-build VLCC Maran Aphrodite, which is carrying a 200,000 tonne diesel cargo from Asia, has changed its final destination for a fourth time, Reuters ship-tracking data showed. * The ship was originally ...
New England power company Eversource Energy said on Monday it would try to push the Access Northeast natural gas pipeline expansion in New England forward again, starting with New Hampshire. Eversource notified New Hampshire regulators that the company would submit an updated proposal to replace its agreement to purchase capacity on the proposed Access Northeast expansion.
New (KOSDAQ: 160550.KQ - news) rules that will make it easier for the government to block takeovers or mergers on national security grounds have come into force. The changes, coming into effect on Monday, relate to businesses developing technology or hardware that is or may be used by the military. The Government said the new rules recognised the growing importance of small British firms in developing "cutting edge technology products with national security applications".
Large firms will have to publish and justify their chief executives' salaries and reveal the gap to their average workers under proposed new laws. UK listed companies with over 250 staff will have to annually disclose and explain the so-called "pay ratios" in their organisation. The move comes after years of shareholder and public outrage over bumper chief executive pay at firms such as Persimmon (Frankfurt: 882058 - news) , WPP (Frankfurt: A1J2BZ - news) , BP, Shell (LSE: RDSB.L - news) , Lloyds, Astrazeneca (NYSE: AZN - news) , Playtech (Frankfurt: A1J0S4 - news) and William Hill (Frankfurt: 633847 - news) .
Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month. Brent crude futures settled up $1.96 a barrel, or 2.6 percent at $77.32. U.S. West Texas Intermediate (WTI) crude rose $1.22, or 1.88 percent to $65.95 a barrel.
The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions. The robust labor market and firming inflation have cemented expectations the Federal Reserve will raise benchmark U.S. interest rates next week. Many economists believe the U.S. central bank will hike rates two more times after its June 12-13 policy meeting to prevent the economy from overheating.
* New-build VLCC Maran Aphrodite, which is carrying a 200,000 tonne diesel cargo from Asia, has changed its final destination for a third time, according to Reuters ship-tracking data * The ship was originally ...
The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy's new prime minister said the government ...
The European Union does not expect any breakthrough on steel and aluminium tariffs imposed by the United States on the EU and Canada at talks of G7 leaders in Canada later this week, a senior EU official said on Tuesday. Finance ministers of the United States' closest allies vented anger over the tariffs last Saturday (Shenzhen: 002291.SZ - news) , ending their meeting with a stern rebuke of Washington and setting up a heated fight at the G7 summit in Charlevoix on June 8-9.