Daily Dime

Bonds Extend Losses as Stocks Hit Highs

Bonds Extend Losses as Stocks Hit Highs

U.S. Treasuries gave back Friday’s gains early Monday after rallying overnight on the expected “no” vote on the Italian constitutional referendum. Traders anticipate market activity will be dependent on equities as the “risk-on” trade dominates while expected supply adds drag. November service-sector reports were mixed but remained in expansion territory. The 30-year recently traded 3.111%, from an overnight low yield/high[Read More…]

by December 5, 2016 0 comments Daily Dime
Solitario Exploration & Royalty To Begin Economic Study of Bongara Zinc Mine

Solitario Exploration & Royalty To Begin Economic Study of Bongara Zinc Mine

Solitario Exploration & Royalty said Wednesday it will initiate a NI-43-101 preliminary economic study on its Bongara zinc project in northern Peru. This will be the first evaluation to estimate the potential economics of the Bongara project. Work to date has demonstrated that Bongara has a high-grade zinc deposit with an average resource grade in excess of 12% zinc equivalent,[Read More…]

by November 30, 2016 0 comments Daily Dime
USD/JPY Weakens in Sympathy with Stocks

USD/JPY Weakens in Sympathy with Stocks

Monday’s modest losses on Wall Street which coincided with lower Treasury yields derailed the dollar against the yen, preventing USD/JPY from challenging 113.00 and closing lower for a second straight day. The dollar traded as low as 111.50 overnight as month-end yen repatriation surfaced. As soon as the dollar breached 111.50, dip-buying reappeared and ran the dollar as high as[Read More…]

by November 28, 2016 0 comments Daily Dime
Bonds Aim Higher Ahead of Auctions

Bonds Aim Higher Ahead of Auctions

U.S. Treasuries edged higher Monday as some corrective trade pushed through following the rout in the wake of the surprise U.S. elections which left the 10-year settled at the highest yield/lowest price levels since December after hitting July 2015 lows Friday. The upside may be kept in check with a run of Treasury auctions which will be stuffed into the[Read More…]

by November 21, 2016 0 comments Daily Dime
Nokia Hits New 3-Yr Low

Nokia Hits New 3-Yr Low

Nokia Corp. American depositary shares fell their lowest level since August 2013 on Tuesday morning after the Finnish company said it expects sales at its Networks business to decline in line with its primary addressable market in FY17. Nokia also did not provide an annual guidance for its Technologies business, citing risks and uncertainties in determining the value and timing[Read More…]

by November 15, 2016 0 comments Daily Dime
Quorum Health Posts Narrower Q3 Loss Vs Street

Quorum Health Posts Narrower Q3 Loss Vs Street

Quorum Health rose 11% in Friday’s afternoon trade after it reported financial results for Q3, with narrower-than-expected loss and revenue that topped analysts’ estimates; it also provided revenue guidance for fiscal 2016 in line with forecasts. The operator and manager of general acute care hospitals and outpatient services posted Q3 loss of $0.24 per share, compared with the prior-year period’s[Read More…]

by November 11, 2016 0 comments Daily Dime, Featured