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Oct 25, 2016

FROM GATA | THE GHATA DISPATCH:: Chinese Miners In Talks for Stake in Barrick¿s Veladero Mine, Reuters Says

Chinese miners in talks for stake in Barrick's Veladero mine, Reuters says

Submitted by cpowell on 12:01AM ET Wednesday, October 26, 2016 By John Tilak and Nicole Mordant
Tuesday, Otober 25, 2016

From The SEC: Litigation Release: TelexFree, Inc. et al.; Carlos Nataniel Wanzeler and James Matthew Merrill - October 25, 2016

SEC Seal


Litigation Release No. 23678 / October 25, 2016

Securities and Exchange Commission v. TelexFree, Inc. et al., No. 1:14-cv-11858-DJC (D. Mass. filed Apr. 15, 2014)

From The FTC Press Release: Federal Judge Approves FTC Order for Owners of Certain Volkswagen and Audi “Clean” Diesels to Receive Compensation - October 25, 2016. on October 25, 2016

FTC@100 Banner

A federal district court judge in San Francisco today signed a $10 billion settlement order, starting the formal process for owners of certain Volkswagen and Audi 2.0 liter diesel cars to receive compensation for the vehicles they bought.

From The FRB Press Release: Federal Reserve Board Approves Fee Schedule for Federal Reserve Bank Priced Services - October 25, 2016


Press Release

Release Date: October 25, 2016

The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective January 3, 2017, for payment services the Federal Reserve Banks provide to depository institutions (priced services).

NYT | Technology: AT & T Cheeerleading Squad For Merger: Nearly 100 Lobbyist - October 25, 2016
Cecilia Kang and Eric Lipton
But navigating this transaction will be a test of just how much influence AT&T has in Washington these days, especially as it tries to persuade antitrust officials at the United States Department of Justice, who will be crucial in approving the deal. The task may be particularly tricky as AT&T’s lobbying team undergoes a transition after losing its longtime leader, James W. Cicconi, a former aide to President George H. W. Bush.

CMI | Metals Spot Closing Prices on October 25, 2016

Spot Prices as of traditional New York closing times

Tuesday, October 25, 2016


Wall Street Closing Report on October 25, 2016: Stocks Close Lower After Mixed Earnings Results; Consumer Stocks Fall 1%
Fred Imbert
U.S. stocks closed lower on Tuesday as one of the busiest days of the earnings season got under way, while oil prices slipped.

European Markets Closing Report on October 25, 2016: European Markets Lose Ground; Pud Ahead of Carney Speech
Silvia Amaro, Sam Meredith


FTSE FTSE 7017.64
31.24 0.45% 861957406
DAX DAX 10757.31
-3.86 -0.04% 92480484
CAC CAC 4540.84
-11.74 -0.26% 93909228
IBEX 35 IBEX 35 Idx 9139.70
-76.50 -0.83% 286933500

U.S. Stock Market Future Indications - October 25, 2016: U.S. Stock Futures to Modest Gains, With Apple Set to Take The Spotlight
Carla Mozee
U.S. stock futures indicated Wall Street will see modest gains Tuesday, with a wave of earnings set to envelop the market, including reports from Dow constituents Merck and Procter & Gamble and then Apple after the bell.
Adding to the mix will be updates from the housing and consumer fronts.
Futures for the Dow Jones Industrial Average YMZ6, +0.10%  rose 18 points, or 0.1%, to 18,152.00 and futures for the Nasdaq-100 NQZ6, +0.17%  were higher by 7.75 points, or 0.2%, to 4,910.75. S&P 500 futures SPZ6, +0.07%  pared their gain to 2 points, or 0.1%, at 2,146.25n
Gains Tuesday would follow a win for Wall Street on Monday, which saw a flurry of merger announcements including the planned purchase of Time Warner TWX, -3.06%  by AT&T T, -1.68%  . The S&P 500 SPX, +0.47%  closed up by 0.5% and is now roughly 2% below its all-time high set on Aug. 15. Dow industrials DJIA, +0.43%  closed up 77 points, or 0.4%, and the Nasdaq Composite COMP, +1.00%  tacked on 52 points, or 1%.
“Equity markets began the week on a positive note with M&A activities, positive earnings and better0than-expected data from the eurozone and U.S. all boosting appetite to risk,” said FXTM Chief Market Strategist Hussein Sayed in a note.
“Equity bulls would need positive earnings to resume this week and for the tech sector to take the lead from the financials, with the two largest publicly traded companies, Apple and Alphabet to announce results,” he added.
Alphabet’s report is set for Thursday. But Apple’s is due late Tuesday.
Analysts expect to see Apple AAPL, +0.90%  report earnings at the high end of its fourth-quarter forecast, aided by the iPhone 7 launch and new customers switching from Android after Samsung Electronics’ exploding Note 7 troubles. However, analysts are also projecting the third-straight quarterly decline in iPhone unit sales.
Quarterly reports were already rolling in ahead of the bell, including figures from chemicals producer DuPont and appliance maker Whirlpool.
Economic data: At 9 a.m. Eastern Time, the S&P/Case-Shiller reading on house prices in August is due.
Then at 10 a.m. Eastern, the Conference Board’s October survey of consumer confidence is slated for release, and analysts polled by MarketWatch expect the gauge to dip to 101.0 from 104.1 in September.
There are no Fed speakers on Tuesday’s schedule.
Corporates: Shares in Whirlpool WHR, +1.96% fell 4% premarket after the appliance maker reported third-quarter profit and sales that missed expectations, and issued a downbeat outlook.
Merck shares MRK, -0.74%  rose 2.5% before trading opened after the drugmaker’s third-quarter earnings and sales came in above expectations.
Chemicals maker DuPont DD, +0.63%  ahead of the bell raised its yearly profit forecast and posted quarterly earnings that outstripped expectations. The company is working on its merger with Dow Chemical DOW, +0.26%  .
Procter & Gamble Co. PG, -0.27%  added 1.1% before the open after the consumer goods company reported earnings ahead of forecasts.
General Motors GM, +2.93%   rose 2% premarket as auto giant’s quarterly profit doubled. GM also posted higher revenue on strong U.S. truck sales. But it signaled continued weakness in Europe because of the fallout from the U.K.’s pending exit from the European Union, or Brexit.
Other markets: Oil futures CLZ6, +0.16%  were higher and gold futures GCZ6, +0.44% were also gaining. The ICE U.S. Dollar Index DXY, +0.09%  tilted slightly lower.
European stocks SXXP, +0.14%  were modestly higher and Asian shares were mixed following data that pointed to a slowdown for South Korea’s economy.

Asian Markets Closing Report on October 25, 2016: South Korea Shares Fall as GDP Growth Slows Amid Bits Samsung, Hyundai, Hanjin
Saheli Roy Choudhury
Markets in Asia finished mixed on Tuesday, as South Korea's shares slipped after data showed economic growth slowed in the third quarter.

The Guardian | UK | Media Bbriefing:: Press Regulation, ITV Job Cuts, Podark Sex Row - October 25, 2016

Press regulation, ITV job cuts, Poldark sex row

WSJ | Major Indexes Closing on October 24, 2016

The Wall Street Journal
Major Indexes Closing
Major Indexes

WSJ | Forex Closing on October 24, 2016

The Wall Street Journal
Forex Closing
Major Currencies