Entries by MT Newswires

Weekly Commodities ETF Report: Metals, Soft Commodities Lower on Inflation Data, Deteriorating US-China Trade Talks; Crude Bucks Downward Trend on Drop in US Supplies

(MT Newswires) – Most commodities were in the red amid tame inflation data released Friday as well as mixed developments in the ongoing trade war between the US and China. On Wednesday, US Treasury Secretary Steven Mnuchin reportedly sent an invitation for talks to senior Chinese officials, proposing a meeting in the next few weeks. […]

Weekly Commodities ETF Report: Crude Higher on Risk of Supply Disruptions; Gold Rallies on Weaker Dollar as Fed Reiterates Plans for Interest Rate Hikes

(MT Newswires) – – Crude ended Friday’s session in positive territory as investors assessed the risk of supply disruptions amid a strike in the North Sea oil and gas fields. A scheduled industrial action over working rotas will go ahead, UK union Unite said in a statement, after talks between French oil refiner total and […]

Target Reports Second-Quarter Financials That Top Expectations as Comp Sales Jump Most in 13 Years

8:02 AM, Aug 22, 2018 — Target (TGT) reported second-quarter financials on Wednesday morning that topped expectations, pushing shares higher in pre-market trading. The company said second-quarter GAAP earnings from continuous operations jumped 23% from a year earlier to $1.49 a share, and adjusted earnings surged 20% to $1.47 per share. Consensus compiled by Capital […]

Weekly Commodities ETF Report: Crude Lower After US Stockpiles Surge, Trade Tensions Dent Global Outlook; Gold Posts Sixth Weekly Loss as Uncertainty Sends US Dollar Higher

(MT Newswires) – – Crude ended Friday’s session higher but marked a loss on the week that saw a bigger-than-expected rise in US stockpiles of the key commodity in Wednesday’s data, raising concerns about supplies even as investors looked ahead to the resumption of trade talks between the US and China that could cool geopolitical […]