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Bonds Give Up Monday Gains in Quiet Trade

U.S. Treasuries were pressured early Tuesday in holiday-thinned inactivity with the shorter end outperforming as equities aimed higher. Prices reversed Monday’s safe-haven bid, with stocks sapping support as recent geopolitical and terrorists incidents losing their sting. The Bank of Japan left policy unchanged, as expected, while the dollar heads towardRead More

Crude Oil Prices Hold Asian Gains In To Europe Trading

Crude oil prices held gain in early Europe trading as Asian investors gave the commodity a solid start to the week on expectations that supply is set to match demand early next year and open into a gap favoring producers by the end of the first quarter. On the NewRead More

Lennar Fiscal Q4 Results Top Street Estimates

Lennar, a homebuilding company, reported Monday fiscal Q4 net income of $1.34 per share, up from $1.21 per share in the prior year period and higher than the $1.27 per share Street estimate provided by Capital IQ. Total revenues for the quarter ended Nov. 30 were $3.38 billion, up fromRead More

Vale Declines 2.5%

A planned alliance between Vale S.A and Australia’s Fortescue Metals Group may unravel, according to a report from the Wall Street Journal that cited Fortescue CEO Nev Power as saying. Shares of Vale retreated 2.5% intraday. “We’re still in discussions with Vale, but I think it is looking less andRead More

MetLife Expects $300 Mln Operating Profit Increase Due To Higher Interest Rates

MetLife, an insurance provider, said it expects higher U.S. interest rates to increase operating profit by a total of $300 million over the next three years, according to a presentation linked to its outlook call. MetLife expects positive earnings impact of $45 million in 2017 followed by $105 million inRead More

Bonds Mixed in Quiet Trade

U.S. Treasuries were mixed late Friday with the long end lower while the short end clung to minor gains in quiet activity. The market had ridden a midday safety rally higher on reports that China had grabbed a U.S. underwater drone in the South China Sea, but rolled back offRead More