Asian stocks largely rallied on Tuesday, following Wall Street's record highs overnight, though fresh worries about China's property sector weighed on investors' sentiments. MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.15% and briefly touched its highest in six weeks on Tuesday, after gaining throughout October. "Equity prices are likely to be driven by technical positioning this week, as trade enters the final week of the month," said Anderson Alves, an equities trader at global online trading platform ActivTrades.
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets. Japan's benchmark Nikkei average opened up 1.14% on Tuesday, while Australia's S&P/ASX 200 was up 0.2% at 0133GMT. MSCI's gauge of Asia Pacific stocks outside Japan rose 0.23%.
Colombia's environmental licensing authority has shelved a permissioning process for AngloGold Ashanti Ltd's Quebradona copper project, the authority said on Monday. The decision was taken "following a technical, rigorous and comprehensive evaluation of the environmental impact study, of what was collected during site visits, of additional information presented by the company and the perspectives of other entities," the ANLA authority in a statement. "ANLA's technical team established it is not possible to submit an in-depth decision about the request for environmental licensing for the mining project, and so it must be archived," the statement said.
By Gina Lee
At least one person was killed during protests last week against evictions of people in illegal settlements near Barrick Gold Corp's Kibali gold mine in northeast Democratic Republic of Congo, the local governor's office said on Monday. Two villages near the mine, where residents had previously been resettled from, have been occupied by local people, "in violation of the rights of the company Kibali goldmines," the Haut Uele governor's office said in a statement. "Shots were fired and at least one death and several wounded have been confirmed," the governor's office said, referring to Friday's confrontation between settlers and police in the nearby town of Durba.
The burgeoning economy in low-Earth orbit is dependent largely on one thing: The International Space Station. Built at a public cost of $100 billion, it provides not only a platform for humans to work in microgravity, but also a raison d’etre for companies that build and operate the spacecraft needed to get there. For both the space industry and for NASA, the expected retirement of the ISS at the end of the decade represents a moment of both fear and opportunity.
A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Facebook , Apple Inc, Amazon, Microsoft, and Alphabet, which have been the drivers of the market rally this year. The Dow Jones Industrials and S&P 500 closed at record highs on Monday as traders looked ahead to earnings reports. In choppy trading on Monday, U.S. Treasury yields were lower as uncertainty about when the Federal Reserve would raise rates to curb rising inflation weighed on market sentiment.
U.S. Treasury yields rise
U.S. stocks marched higher as investors digested another batch of earnings and oil hit a seven-year high.
The 32-year-old goaltender announced the news just a few months before what would have been his fifth Paralympic Games in Beijing.
At least one person was killed during protests against evictions near Barrick Gold Corp's Kibali gold mine in northeast Democratic Republic of Congo last week, the local governor's office said on Monday. Two villages near the mine, where residents had previously been resettled from, have been occupied by local people in recent months, "in violation of the rights of the company Kibali goldmines," the Haut Uele governor's office said in a statement. "Shots were fired and at least one death and several wounded have been confirmed," the governor's office said, referring to Friday's confrontation between settlers and police.
Global equity markets rose on Monday, while U.S. Treasury yields dipped as investors were buoyed by a better-than-expected U.S. corporate earnings season that kicks into gear this week. "The number one thing is that earnings are better than expected and what's more interesting is that as we approach the end of the year, we're going to see forward guidance being lifted, which would make the market multiple more reasonable," said Thomas Hayes, chairman of Great Hill Capital in New York. In choppy trading on Monday, U.S. Treasury yields were lower as uncertainty about when the Federal Reserve would raise rates to curb rising inflation weighed on market sentiment.
The dollar also rallied
Biden’s exit from Afghanistan has left massive reserves of critical metals in Taliban hands, while the country is simultaneously making it more difficult to mine these resources at home
The mining company completed the economic assessment for its Alaskan mine project -- and the potential returns are impressive.
The silver market has rallied a bit during the course of the trading session on Monday, as we continue to test the crucial 200 day EMA.
The crude oil markets continue to rally overall, as the market will continue to find value on the occasional pullback. At this point in time, energy continues to be one of the best-performing markets.
Symbols mentioned in this story: KBE, SI, WAL, SNV Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..
Brazil plans to bring forward its goal of ending illegal deforestation by two or three years, Vice-President Hamilton Mourao said on Monday, six days before a global climate conference. Mourao said forest fires in the Amazon region had dropped "significantly" this year, by about 40%, and that the Brazilian government will reaffirm its commitment to international environmental goals at a U.N. climate change conference in Glasgow that runs from Oct. 31 to Nov. 12. Speaking at a news conference, Mourao said the government's previous goal was to end illegal deforestation by 2030.
By Barani Krishnan
Canada's main stock index hit a record high on Monday as energy stocks rose on higher oil prices, but expectations that the Bank of Canada could strike a hawkish note in its upcoming policy announcement kept gains in check. The Canadian energy index jumped more than 2% to lead sectoral gains in early trading after oil prices touched multi-year highs. "Looks like oil prices hit the highest since 2014 this morning and of course that will have positive implications for the energy-levered TSX," said Candice Bangsund, vice president and portfolio manager, global asset allocation at Fiera Capital Corporation.
Silver continues its attempts to settle above the resistance level at $24.50.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Mega Cap ETF (MGC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $176.27 per unit.
Management discussed the utilization of the Silvergate Exchange Network , the Diem stablecoin project, and how regulatory changes might impact the bank.
Murakami ended her career with two world medals in her home country, while China's Hu Xuwei became this year's only two-time world champ.
The short track racer became the first U.S. woman to earn two medals at a single World Cup in almost 10 years.
By Gina Lee
On a night of historic firsts, Brazilian Rebecca Andrade walked away with two medals: an inaugural world title on vault and uneven bars silver.
The investment legend is famous for being bearish. But he might be right this time.
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