Gold subdued on dollar advance; eyes modest weekly gain

(Reuters) - Gold extended gains to a third session on Wednesday boosted by a weaker dollar and comments from U.S. Federal Reserve Chair Jerome Powell, while markets awaited more economic data for guidance on future rate hikes. Spot gold rose 0.6% to $1,884.06 per ounce by 1005 GMT. U.S. gold...

BENGALURU, Feb 8 (Reuters) - Indian shares opened higher on Wednesday, as investors bet on a smaller interest rate hike by the Reserve Bank of India, while equities benefited from a broader sentiment after markets perceived comments from Federal Reserve Chair Jerome Powell to be dovish. The Nifty 50 index...

(Reuters) - UK's FTSE 100 closed higher on Tuesday as bumper earnings from oil giant BP supported the resources-heavy index, while global risk sentiment was subdued ahead of U.S. Federal Reserve Chair's comments. The blue-chip FTSE 100 rose 0.4% at close, inching closer to the all-time high it hit last...

(Reuters) - Gold inched up on Tuesday as traders waited for more economic data to gauge its likely influence on U.S. interest rates, while a slightly higher dollar kept prices in check. Spot gold rose 0.2% to $1,870.16 per ounce by 1209 GMT, after hitting its lowest level since Jan....

(Reuters) - UK's FTSE 100 slipped on Monday from a record high, as global sentiment soured after data pointing to strength in the U.S. labour market raised worries that the Federal Reserve could keep hiking interest rates for longer. The blue-chip FTSE 100 slipped 0.5% by 0808 GMT after setting...

(Reuters) -Oil rose for a third straight day on Wednesday as investors felt more comfortable with risk a day after the Federal Reserve chair's remarks eased concerns about future interest rate hikes. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting...

(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Fed Chair Jerome Powell has spoken and luckily for bulls and bears, there was something for everyone, so where Asian markets go on Wednesday is something a coin flip. With an expected interest rate rise in...

Main U.S. indexes end down: Nasdaq takes biggest hit. Comm svcs weakest S&P 500 sector; real estate off least. Dollar, gold edge up; crude up >1.5%; bitcoin off >1.5%. Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at.

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Feb 7 (Reuters) - U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher.

Dollar down; gold rises slightly; bitcoin up >1%; crude up >3%. Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at. WALL STREET RALLIES, YIELDS FALL WITH POWELL REMARKS (1305 EST/1505 GMT) Major U.S. stock indexes are...

ORLANDO, Fla., Feb 7 (Reuters) - Years of U.S. stock outperformance are finally cresting and their share of the global pie is likely to normalize from here. The U.S. slice of the multi-trillion dollar global equity market remains high by historical standards but is set to fall as wildly inflated Big Tech valuations reset, the dollar retreats and other regions play catch-up alongside a shift in sector leadership.

LONDON (Reuters) - BP's shares hit their highest in three and a half years on Wednesday, a day after it reported record profits and said it would produce more oil and gas for longer and cut its emissions reductions targets for this decade. BP's shares rose to as high as...

NEW YORK (Reuters) -Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA, has accumulated a new 0.5% stake in Canada's Ritchie Bros Auctioneers and is calling a major opponent of Ritchie's $6 billion deal to buy IAA "misinformed," documents seen by Reuters on Wednesday showed. In a presentation...

(Reuters) - Michael Kors owner Capri Holdings Ltd cut its full-year sales forecast on Wednesday, hurt by a surge in COVID-19 infections in China that dulled demand for luxury products, sending its shares down 14% in premarket trading. Beijing's decision to dismantle its zero-COVID policy late last year spurred a...

* Adient PLC reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended in December. The mean expectation of eight analysts for the quarter was for earnings of 38 cents per share. * Revenue rose 6.3% to $3.70 billion from a year ago; analysts expected $3.64 billion. * Adient PLC's reported EPS for the quarter was 13 cents​. * The mean earnings estimate of analysts had fallen by about 7.3% in the last three months.​ * In the last 30 days two analysts negatively revised earnings estimates * Adient PLC shares had risen by 31.7% this quarter. * The company reported quarterly net income of $12 million. * Wall Street's median 12-month price target for Adient PLC is $46.00 * The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell." This summary was machine generated from Refinitiv data February 7 at 02:30 p.m. ​All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Dec. 31 2022 0.38 0.34 Missed Sep. 30 2022 0.51 0.53 Beat Jun. 30 2022 -0.07 0.08 Beat Mar. 31 2022 -0.06 -0.13 Missed.

Arcadia Minerals has announced a geophysical interpretation of the helicopter borne electro-magnetic survey that was concluded recently by the geologists of the firm. As per the interpretation, there is structural concurrence between highly anomalous electro-magnetic zones and mineralised lithium clay pans. The company is planning for three stratigraphic boreholes by...

Lithium Australia (ASX:LIT) has entered into a binding agreement with Charger Metals for the sale of its remaining 30% interest in the Lake Johnston Lithium Project. As consideration for the transaction, Charger Metals will issue 7 million fully paid ordinary shares in its capital to LIT, representing a value of AU$2.9 million.

(Reuters) - Australia's Suncorp Group Ltd on Wednesday forecast headwinds from higher reinsurance and natural hazard costs in the near term, while its first-half cash earnings rose 63% helped by strong underlying margins and positive investment returns. Suncorp flagged a modest upward trend in the number of natural hazard events...

8 February 2023 02:32 p.m. ​All figures in US dollars. The loss announced by Green Plains Inc in the fourth quarter were lower than the Refinitiv mean estimate of losses. The company reported losses of -66 cents per share, 57 cents lower than the same quarter last year when the company reported EPS of -9 cents. Losses of -25 cents per share were anticipated by the nine analysts providing estimates for the quarter. Wall Street expected results to range from -47 cents to 6 cents per share, with a forecasted mean of -25 cents per share. The company reported revenue of $760.46 million, which is lower than the estimated $894.42 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the renewable fuels peer group is also "Buy". FORECAST CHANGES * Eight analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported a fall in revenue to $760.46 million from $802.32 million in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 -0.11​ -1.27 Missed Jun. 30 2022 0.15 0.73 Beat Mar. 31 2022 -0.24 -1.16 Missed​ Dec. 31 2021 0.26 -0.09 Missed This summary was machine generated from Refinitiv data February 8 at 02:32 p.m.

Feb 8 (Reuters) - Australia's Fortescue Metals Group said on Wednesday it has signed an agreement with the Gabonese government for the Belinga Iron Ore Project located in the West African nation that would see first mining in the second-half of 2023. (Reporting by Jaskiran Singh in Bengaluru; Editing by Shailesh Kuber)