Join Our Free Newsletter Thu, Dec 26 16:30 PM EST * Gold, silver gain as traders cover short positions * Prices head for biggest annual drop since 1981 * Platinum set for biggest daily gain in 2 months (Updates prices, adds comment) By Clara Denina and Josephine Mason LONDON/NEW YORK, Dec 26 (Reuters) –…
20-Dec-2013 19:45 By Barani Krishnan Dec 20 (Reuters) – Hedge fund managers cut their bullish bets on gold only modestly this week before the first-ever tapering of the U.S. monetary stimulus sent the precious metal’s price to six-month lows, data released on Friday showed. They piled into natural gas as the market continued to rally amid freezing…
By ALEXANDRA WEXLER Dec. 17, 2013 7:02 p.m. ET NEW YORK—Raw-sugar futures tumbled to their lowest level in 3½ years after the market broke through this year’s low of 16 cents a pound. Investors liquidated bets that prices would rise and added to a growing short position as fresh supplies flowed from top-growing and exporting…
By Christopher Harress on December 17 2013 11:03 PM The Boeing Company (NYSE:BA) announced Monday that it would raise its dividend to shareholders by 50 percent and will start a $10 billion share buyback program in January that will last for two or three years. The share purchase, which represents about 10 percent of Boeing’s outstanding stock,…
Dec. 13, 2013, 9:19 a.m. EST Anadarko hit by $5 billion Kerr-McGee penalty, downgrade By Victor Reklaitis and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) — Stock futures were pointing to a slight rebound for Wall Street at Friday’s open, but all indexes were set to lose for the week amid speculation strong recent data and a budget deal…
Join Our Free Newsletter Investors Remain Cautious on Early Tapering After U.S. Budget Deal By TOMI KILGORE Updated Dec. 11, 2013 6:16 a.m. ET NEW YORK—U.S. stock futures inched higher, as investors took the budget deal reached late Tuesday in stride, and continued to focus on next week’s Federal Reserve meeting.About 90 minutes ahead…
Dec 10 2013 Telecoms move after ratings changes By Sara Sjolin, MarketWatch LONDON (MarketWatch) — European stock markets dropped on Tuesday after a mixed bag of data from China and major euro-zone economies, while speculation about potential tapering in the U.S. also provided an uncertain backdrop. The Stoxx Europe 600 index (STX:XX:SXXP) lost 0.7% to close at 314.91,…
Dec 9, 2013 By Brett Philbin In the oil market, the “death cross” hasn’t signaled a long period of gloom and doom. Oil futures are up roughly 5% on the New York Mercantile Exchange since the ominous trading pattern known to traders as the death cross emerged. The technical indicator, which occurs when a contract’s…
Thu Dec 5, 2013 6:18pm EST By Barani Krishnan Dec 5 (Reuters) – Deutsche Bank, which is quitting trading in most raw materialsmarkets, will retain its near $9 billion commodities index fund business, a strategy industry experts said helps the German bank profit from fees and maintain ties with some of the largest investors. It also shows that…
Dec. 2, 2013, 1:14 p.m. EST EBay rises on Cyber Monday hopes after mixed results from shopping weekend By William L. Watts, MarketWatch NEW YORK (MarketWatch) — U.S. stock indexes traded near unchanged Monday, making up losses in the wake of a stronger-than-expected reading on November manufacturing activity thatreinforced expectations the Federal Reserve will move sooner…