Stocks were little changed on Monday as China's weakening demand for materials weighed on resource shares and as the imminent start of earnings season pushed investors to the sidelines.
Stocks were little changed on Monday as China's weakening demand for materials weighed on resource shares and as the imminent start of earnings season pushed investors to the sidelines.
Stocks slipped on Monday, erasing earlier gains as China's weakening demand for materials and concerns over Europe's fiscal issues weighed on sentiment.
Gold eased in Europe on Monday, falling for the fourth time in the last seven sessions, as improved investor confidence boosted the dollar and sapped investment flows into the precious metals complex.
Spot gold was bid at $1,203.85 an ounce at 1440 GMT, against $1,211.85 late in New York on Friday. U.S. gold futures for August delivery eased $5.60 an ounce to $1,204.20.
Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and investment flows into the metal dried up as concerns over euro zone risk receded.
Stock index futures were down on Monday, following the S&P's best week in a year, and as investors awaited the unofficial start of earnings season with Alcoa Inc's results.
Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters.
Is uranium turning out to be the hottest commodity-hotter than gold-in China? China has been trying to amass gold reserves to emerge as the largest yellow metal owning country in the world. But China's craze for commodity investment does not just stop by gold alone. Uranium is one commodity that the dragon country is heavily investing in these days.
Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and fresh investment flows into the metal dried up and concern over euro zone risk receded.
U.S. crude oil futures hovered at around $76 a barrel on Monday as China's bigger-than-expected trade surplus in June eased worries about a slowdown for the global economic recovery and oil demand.
Gold prices failed to move upwards in Asian trade Monday after equity markets rose in the region, attracted some investors amid positive reports on global economic recovery.
Asian stocks rose on Monday as investors counted on the start of the U.S. earnings season this week to show firms were reaping strong profits and that the world's economic recovery was not losing steam.
China's Ministry of Industry and Information Technology said it had renewed the Chinese operating license of Internet giant Google Inc, confirming an announcement made by the company on Friday.
Iraq's oil minister said on Saturday he sees no impact from the massive oil spill at a BP well in the Gulf of Mexico on Iraq's current or future projects to develop its giant oilfields.
China gave Google Inc approval to keep operating its Chinese search page, resolving a months-long censorship dispute that had threatened its future in the world's top Internet market.
China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
Some investors are betting on major technology stocks ahead of the earnings season kicking off next week, seeing them as oversold on fears about the slowing U.S. and European economies.
Denso Corp, Japan's No.1 car parts maker, will likely review its earnings outlook around late October for a possible upgrade after a strong first quarter eased worries about the impact of the yen's strength
French car maker PSA Peugeot Citroen on Friday signed a deal to set up a 50-50 manufacturing venture with China Changan Automotive Group as it moves to ramp up capacity in the world's largest auto market.
Toyota Motor Corp President Akio Toyoda said on Friday higher wages among Chinese factory workers would create a new class of consumers, and that the trend therefore had both good and bad elements.
The Dow and S&P were little changed on Friday, following three days of gains as investors looked ahead to the start of earnings season while Google helped keep the Nasdaq in modestly positive territory.
Palladium, which was expected to gain this year due to the high growth in auto ales in China and India, may in fact decline by 12 per cent to about $395 an ounce in the coming weeks.Palladium is hugely used in catalytic converters in cars. Palladium has been the worst-performing precious metal last quarter.