Futures News 

Florida court issues order for preliminary injunction against binary options fraudsters

“Defendants Jason B. Scharf, A&J Media, Michael Shah, and Zilmil consented to the entry of the order for preliminary injunction, whereas defendants CIT Investments, Brevspand, and CIT Anguilla have failed to appear or show cause why a preliminary injunction should not be issued against them” reports financefeeds.com. The fraudulent practices of the above-mentioned binary options firms included promises of artificially high returns, bonuses and happy life.Zilmil, which directed customers to binary options websites, for instance, sent more than 60 million fraudulent emails to more than 1.4 million unique email addresses…

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News 

Gold prices end lower after job-market snapshot lifts dollar

“Higher rates tend to act as a boost to the dollar, drawing traders looking for higher rates on dollar-based deposits” writes Mark Decambre for marketwatch.com. The dollar index was up about 0.2% at gold’s closing.As measured by the ICE dollar index, the buck has been down 2.5% over the past 30 days, according to FactSet data, and off nearly 8.4% so far in 2017.Gold futures settled lower on Tuesday as the U.S. dollar firmed in late trade, helping to erase a slight advance for the dollar-sensitive commodity earlier in the…

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News Stocks 

Mining giant Rio Tinto is returning a record $2 billion to shareholders

“Rio Tinto is to return $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks” writes Karen Gilchrist for cnbc.com. “The $2 billion of dividend is the highest interim dividend in the history of Rio Tinto.”. Underlying earnings for the six months to June 30 rose to $3.94 billion from $1.56 billion a year earlier, missing Thomson Reuters analysts’ forecast of $4.19 billion.The stock dipped 2.2 percent in early deals Wednesday as investors moved to take stock of the company’s new payout policy. Source: cnbc.com…

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AUD News Oil Stocks 

Japan, Aussie stocks continue to rise, spurred on by commodity prices

“Asian shares gave up earlier gains Wednesday, though Japanese and Australian stocks outperformed, helped by an improvement in appetite for risk, which pushed the U.S. dollar and commodity prices higher overnight” writes Kenan Machado for marketwatch.com. Commodities led the charge in European and U.S. trading on Tuesday, with copper prices jumping 4% and oil rising more than 3%.Often a stronger dollar results in weaker commodities prices as many such products are denominated in the U.S. currency. The Australian dollar AUDUSD, -0.4662%  was recently off 0.4% against major currencies, reversing some…

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AUD News Stocks 

Japan, Aussie stocks knocked by weak dollar, commodity prices

“Asian shares were mostly lower Monday, with stocks in Japan and Australia underperforming notably as further declines in the U.S. dollar continued to weigh on investor sentiment” writes Kenan Machado for marketwatch.com. A fresh pullback in commodity prices also hurt equities, despite the weaker dollar.Many assets in the sector are denominated in the dollar and often rise when the currency falls. Source: marketwatch.com Share This:

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Markets News Oil 

RBC commodity chief: Look at emerging markets for oil demand growth

“Helima Croft, a managing director and the global head of commodity strategy at RBC Capital Markets, discusses the muted global oil market outlook” writes Kara Chin for businessinsider.com.au. She says governments worldwide will have to get used to oil locked in a range near $US50-55 a barrel as we shift from the period of peak oil to a new regime of peak demand.Croft recommends looking at emerging-market economies like India for oil demand growth, while also highlighting China as an expanding area. Source: businessinsider.com.au Share This:

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News Stocks 

Mining stocks gain ground, but European indexes pull back

“Last week, the Stoxx 600 rose 1.8%, the largest gain since early May” writes Markets Reporter for marketwatch.com. The Stoxx Europe 600 SXXP, -0.14% turned down 0.2% to 386,17 as most major European indexes began to reverse course and lose ground.Stocks in Europe edged lower Monday, but mining shares kept the upward pace after China’s quarterly growth figures topped expectations.ITV PLC shares ITV, +3.09%  climbed 2.9% after the U.K. broadcaster said easyJet PLC’s EZJ, -0.28%  boss Carolyn McCall will become its new chief executive on Jan. 8.In the group, shares…

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News 

Noble shares surge as much as 38 percent on volume jump

“Nearly 124 million shares changed hands on Thursday, compared with five-day average volume of 18.27 million, according to Reuters data” writes Nicky Loh for cnbc.com. Troubled commodity trader Noble saw its shares surge in Thursday afternoon trade, but it wasn’t clear what drove the sudden rush into the beaten down stock.Morgan Stanley said in a Tuesday filing that its interest fell from 6.55 percent of the company, or around 86.045 million shares, to 5.9273 percent, or around 77.81 million shares.At its peak in 2010, Noble was Asia’s largest commodity trader…

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Markets News Oil 

Oil’s bear market has turned black gold into a ‘worthless commodity,’ Dennis Gartman says

“Oil demand has also failed to improve at the speed required to rebalance the global oil market,” the bank wrote” writes unknown author for cnbc.com. Crude oil has officially entered a bear market, and Commodities king Dennis Gartman told CNBC the pain is far from over.Crude oil posted its fifth consecutive weeks of losses, its longest weekly losing streak since August 2015.In a research note on Friday, Bank of America-Merrill Lynch stated that global demand was the primary culprit behind crude’s woes.”He understands that crude oil, over the course of…

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