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Gold Eases Early Even as the Dollar Falls Ahead of This Week's U.S. Interest Rate Decision

Gold prices eased early on Monday, remaining rangebound even as the dollar fell ahead of the Wednesday interest-rate announcement from the Federal Reserve.Gold for June delivery was last seen down US$26.50 to US$4,714.40 per ounce, remaining within the US$200 range it has been stuck in since the start of the war on Iran, as high oil prices raise concerns over higher inflation and threaten to boost interest rates.The Federal Open Market Committee (FOMC) will make its latest interest-rate decision at the Wednesday afternoon end to its two-day meeting. The CME FedWatch Tool sees a 100% probability the group will leave rates unchanged."Gold remains stuck in neutral within a broad USD 200 range around USD 4,750, with most intraday price action dictated by energy prices and the ebb and flow of headlines from the White House and the Middle East. The FOMC is widely expected to leave rates unchanged on Wednesday," Saxo Bank noted.The dollar was lower early, with the ICE dollar index last seen down 0.28 points to 98.26. Treasury yields rose, with the yield on the two-year note up 1.0 basis points to 3.801%, while the 10-year note was paying 4.321%, up 1.3 points.

$GCM6$GLD

Sectors55d ago

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% higher.The United States Oil Fund (USO) was up 1.4% and The United States Natural Gas Fund (UNG) was 4.1% higher.Front-month US West Texas Intermediate crude oil was 1.9% higher at $96.16 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $107.41 per barrel, and natural gas futures were up 1% at $2.67 per 1 million British Thermal Units.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg News reported, citing data it compiled. TotalEnergies shares were 0.8% higher pre-bell.ARC Resources said it has entered into a definitive agreement to be acquired by Shell (SHEL) in a cash-and-share deal valued at about 22 billion Canadian dollars ($16.17 billion). Shell stock was up 0.4% premarket.

$SHEL$TTE$UNG$USO$XLE

Mining & Metals55d ago

Strategic Resources, Tyfast Energy to Advance Vanadium-to-Battery Supply Chain in Canada

Canadian critical minerals company Strategic Resources (SR.V), trading near 52 week lows, signed a memorandum of understanding to evaluate production of battery-grade vanadium oxide from Canadian mined ore for use in lithium vanadium oxide anode material produced by San Diego-based Tyfast Energy, the company said Monday.Under the terms, Strategic Resources will evaluate feedstock and processing pathways from its vanadium assets, while Tyfast will lead material qualification, anode development, and application testing.As part of the agreement, the companies will conduct bench- and pilot-scale work to optimize powder characteristics for Tyfast's anode production.The companies will also evaluate commercialization and deployment opportunities, in mining equipment, auxiliary vehicles, defense platforms, and other heavy-duty applications."Together, we see an opportunity to create a made-in-Canada pathway from critical minerals to advanced battery materials for high-value industrial markets," Strategic Resources chief Executive Officer Sean Cleary said.Strategic Resources, which is advancing the BlackRock project in Quebec, last traded at $0.25, near a 52 week low of $0.23.

$SR.V

Treasury55d ago

Canada PM Mark Carney Says the U.S. Has Changed, "That's Their Right"; And "We Are Responding. That Is Our Imperative"

S&P/TSX CompositeS&P/TSX Composite$CXY

Treasury55d ago

Canada PM Mark Carney Announcing New Public Investment Fund To Finance Major Projects

S&P/TSX CompositeS&P/TSX Composite$CXY

Sectors55d ago

Oil Prices Rise as Expected Talks Between Iran and the U.S. Fail to Take Place

Oil prices rose early Monday as talks expected to be held over the weekend between the United States and Iran in Pakistan didn't happen. But prices eased off overnight highs as Iran offered to reopen the Strait of Hormuz in return for it being allowed to continue its nuclear program and the U.S. ending the blockade of its ports.West Texas Intermediate crude oil for June delivery was last seen up $1.36 to US$95.76 per barrel, after earlier touching US$97.10, while June Brent oil was up US$1.44 to US$106.77.Iran closed the Strait of Hormuz after the United States and Israel launched attacks on the country on Feb. 28. The Strait is the chokepoint for 20% of daily global oil demand supplied by Persian Gulf nations and its closure has produced the largest-ever supply shock, pushing up oil prices by 41% since the start of the war.Talks expected to be staged in Islamabad over the weekend were cancelled as negotiators failed to turn up, though a ceasefire held as the war enters its third month."With face to face negotiations failing to materialize in Islamabad despite the market hour headlines pointing to progress in the talks, it seems that neither side feels sufficient pressure to make serious concessions. For eight weeks, the White House has been exceedingly successful in deploying the "over soon" message to keep a lid on front month prices," Helima Croft, Head of Global Commodity Strategy and MENA Research at RBC Capital Markets, wrote.The Guardian on Monday reported Iran is offering to end its chokehold on the Strait in return for an end to the U.S. blockade, and without addressing concerns around its nuclear program, which U.S. President Trump has made a key demand for ending the war. The paper said the proposal was passed to the United States by Pakistan.

$CLM6$LCOM6$USO

Sectors55d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Monday

Financial stocks were leaning lower pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.1%.Oppenheimer Holdings (OPY) stock was down more than 1% after the company said its Oppenheimer & Co. unit agreed to pay $70 million to settle a class-action lawsuit tied to its cash sweep program, avoiding a trial where damages could have exceeded $440 million.HBT Financial (HBT) shares were up more than 2% after the company posted higher Q1 adjusted earnings and operating revenue.Apollo Global Management (APO) has made a strategic minority investment in dental medical technology firm vVardis, the Swiss company said. Apollo Global Management shares were 0.1% lower premarket.

$APO$FAS$FAZ$HBT$OPY$XLF

Equities55d ago

Shell to Buy Canada's ARC Resources in $16.4 Billion Deal

Shell (SHEL.L, SHELL.AS) agreed to acquire Canada-based energy company ARC Resources for an enterprise value of $16.4 billion, inclusive of $2.8 billion in net debt and leases.Under the definitive agreement, ARC Resources shareholders will receive CA$8.20 in cash and 0.40247 ordinary shares in the British energy giant for each share held, translating to a consideration of CA$32.80 per share or a total equity value of $13.6 billion, according to a Monday release.Deal closing is expected in the second half, subject to approvals from ARC Resources shareholders and court and regulatory clearances.

$SHEL.L$SHELL.AS

Asia55d ago

Dongjiang Environmental's Loss Widens 2.7% in Q1

Dongjiang Environmental (HKG:0895, SHE:002672) recorded an attributable loss of 150.2 million yuan in the first quarter of 2026, 2.7% wider than 146.3 million yuan a year prior, according to a Monday Hong Kong bourse filing.Loss per share widened to 0.14 yuan from 0.13 yuan in the corresponding period of the previous fiscal year.The waste disposal management company's revenue from operations declined 13% to 602.6 million yuan from 695.9 million yuan in the year-ago period.

HKG:0895SHE:002672

Sectors55d ago

Sector Update: Health Care Stocks Edge Higher Pre-Bell Monday

Health care stocks were edging higher pre-bell Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) marginally advancing.Organon (OGN) has agreed to be acquired by Sun Pharmaceutical Industries for $14 per share in an all-cash deal with an $11.75 billion enterprise valuation, the companies said. Shares of Organon were up more than 17% premarket.Oruka Therapeutics (ORKA) stock was up more than 34% after the company said 63.5% of patients treated with ORKA-001 achieved the primary endpoint of complete skin clearance at week 16 in a phase 2a trial in moderate-to-severe plaque psoriasis.Ligand Pharmaceuticals (LGND) shares were up more than 3% after the company said it has agreed to purchase biotechnology peer Xoma Royalty (XOMA) in an all-cash deal valued at roughly $739 million.

$IBB$LGND$OGN$ORKA$XLV$XOMA

Asia55d ago

Zuoli Kechuang Logs Drop in Q1 Profit

Zuoli Kechuang Micro-finance Company (HKG:6866) recorded a decline in attributable profit in the first quarter of 2026 to 13.6 million yuan from 14.8 million yuan a year prior, according to a Monday Hong Kong bourse filing.Net interest income for the three months slipped to 28.4 million yuan from 35.2 million yuan in the year-ago period.

HKG:6866

Sectors55d ago

Sector Update: Consumer Stocks Mixed Premarket Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.Domino's Pizza (DPZ) stock was down more than 7% after the company reported a decline in fiscal Q1 earnings, while revenue missed analysts' estimates.Avery Dennison (AVY) said it has made a $75 million minority investment in Wiliot. Shares of Avery Dennison were up more than 1% pre-bell.Toyota Motor (TM) reported total worldwide sales of 897,871 vehicles in March, down 7.3% from a year earlier. Toyota Motor shares were 0.3% higher premarket.

$AVY$DPZ$TM$XLP$XLY

Asia55d ago

Fusen Pharmaceutical Unit Gets Marketing Nod for Progesterone Deficiency Drug in China

Fusen Pharmaceutical (HKG:1652) unit Jiaheng (Zhuhai Hengqin) Pharmaceutical Technology obtained marketing approval for the Dydrogesterone Tablet from China's National Medical Products Administration, according to a Monday Hong Kong bourse filing.The drug is for the treatment of diseases and symptoms arising from endogenous progesterone deficiency.

HKG:1652

Asia55d ago

Bank of Communications Sells 40 Billion Yuan Bonds

Bank of Communications (HKG:3328, SHA:601328) completed the issue of 40 billion yuan of 1.97% bonds falling due in 10 years, according to a Monday Hong Kong bourse filing.The lender has a conditional redemption right at the end of the fifth year.The bank will use proceeds to supplement its tier-2 capital.

HKG:3328SHA:601328

Asia55d ago

Guolian Minsheng Securities' Q1 Profit Climbs 32%

Guolian Minsheng Securities (HKG:1456, SHA:601456) recorded a 32% rise in attributable profit in the first quarter of 2026 to 496.8 million yuan from 376.1 million yuan a year prior, according to a Monday Hong Kong bourse filing.The brokerage service provider's earnings per share increased to 0.09 yuan from 0.08 yuan in the corresponding period of the previous fiscal year.Operating income jumped 19% to 1.86 billion yuan from 1.56 billion yuan in the year-ago period.

HKG:1456SHA:601456

Commodities55d ago

Exchange-Traded Funds Down, Equity Futures Mixed Pre-Bell Monday Amid Hormuz Uncertainty, Corporate Earnings

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% lower in Monday's premarket activity amid uncertainty surrounding the Strait of Hormuz reopening and corporate earnings for the prior quarter.US stock futures were mixed, with the S&P 500 Index futures down by 0.01%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.The Dallas Federal Reserve manufacturing survey for April will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated 0.02%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) declined by 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) slipped 1.1%. The iShares Biotechnology ETF (IBB) was flat.Organon (OGN) stock was up more than 16% premarket after the company agreed to be acquired by Sun Pharmaceutical Industries for $14 per share in an all-cash deal with an enterprise valuation of $11.75 billion.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) declined by 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% lower.Domino's Pizza (DPZ) shares were down more than 4% pre-bell after the company reported lower-than-expected fiscal Q1 earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.2%, the iShares US Technology ETF (IYW) was 0.4% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 0.6%, while the iShares Semiconductor ETF (SOXX) rose by 0.5%.Tower Semiconductor (TSEM) shares were up more than 4% in Monday's premarket activity after the company and Axiro Semiconductor said that Axiro's Ku- and X-band radar beamforming integrated circuits are now ready for deployment in critical defense systems.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.02%, while the Vanguard Industrials Index Fund (VIS) gained 0.4% and the iShares US Industrials ETF (IYJ) was flat.Joby Aviation (JOBY) stock was up more than 3% before the opening bell after the company said it completed the first point-to-point electric vertical takeoff and landing passenger flights in New York.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% higher.HBT Financial (HBT) shares were up more than 1% pre-bell after the company reported higher Q1 adjusted earnings and operating revenue.EnergyThe iShares US Energy ETF (IYE) gained 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.TotalEnergies (TTE) stock was up more than 1% before the opening bell after news reports that the company is running its Gonfreville, France, site at its full capacity to maintain the supply of oil to the domestic market.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.7% to $95.07 per barrel on the New York Mercantile Exchange. Natural gas gained by 1% to reach $2.67 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.9%, while the United States Natural Gas Fund (UNG) was 3.7% higher.Gold futures for May were down by 0.4% at $4,720.60 an ounce on the Comex. Silver futures retreated by 0.8% to $76.36 an ounce. SPDR Gold Shares (GLD) was 0.3% lower, and the iShares Silver Trust (SLV) fell by 0.4%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$DPZ$EEM$EETH$EXI$FAS$FAZ$GLD$HBT$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JOBY$OGN$PMR$QQQ$RTH$SLV$SOXX$SPY$TSEM$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sectors55d ago

Sector Update: Tech Stocks Mixed Premarket Monday

Technology stocks were mixed premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.1% higher.Qualcomm (QCOM) shares were up more than 8% after a TF International Securities analyst said that industry checks suggest Microsoft-backed (MSFT) OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors.Tower Semiconductor (TSEM) and Axiro Semiconductor said Axiro's Ku- and X-band radar beamforming integrated circuits are now ready for deployment in critical defense systems. Tower Semiconductor stock was up more than 1% pre-bell.WeRide (WRD) and Lenovo expect to jointly deploy 200,000 autonomous vehicles, including Robotaxis, worldwide over the next five years, WeRide said. Shares of WeRide were up more than 3% premarket.

$MSFT$QCOM$TSEM$WRD$XLK$XSD

Asia55d ago

China Coal Energy's Profit Slips 3.2% in Q1

China Coal Energy (HKG:1898, SHA:601898) recorded a 3.2% decline in attributable profit in the first quarter of 2026 to 3.84 billion yuan from 3.98 billion yuan after adjustment a year prior, according to a Monday Hong Kong bourse filing.Earnings per share slipped to 0.29 yuan from 0.30 yuan in the corresponding period of the previous fiscal year.The coal producer's operational revenue slid 11% to 34.2 billion yuan from 38.4 billion yuan in the year-ago period.Commercial coal output and sales slipped 9.5% and 13% year over year to 30.2 million tons and 56 million tons, respectively, in the first quarter.

HKG:1898SHA:601898

Equities55d ago

TD Cowen Adjusts Price Target on Valero Energy to $255 From $247, Maintains Hold Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $254.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$VLO

Sectors55d ago

Sector Update: Energy

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% higher.The United States Oil Fund (USO) was up 1.7% and the United States Natural Gas Fund (UNG) was 4.1% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $96.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $107.24 per barrel, and natural gas futures were up 2.3% at $2.58 per 1 million British Thermal Units.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported, citing data it compiled. TotalEnergies shares were 0.7% higher pre-bell.

$TTE

Showing 33761-33780 of 43931

Commodities55d ago