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Gold continues record rally after Fed comments; US data in focus

PRECIOUS-Gold continues record rally after Fed comments; US data in focus Gold hits an all-time high at $2,304.09/ounce Non-farm payrolls report due on Friday Recasts as of 0343 GMT By Sherin Elizabeth Varghese April 4 (Reuters) - Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S.
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Technical Analysis – Silver exits long-term range

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Indian Energy Exchange shares rise on higher Q4 volume

BUZZ-Indian Energy Exchange shares rise on higher Q4 volume ** Shares of Indian Energy Exchange IIAN.NS rose as much as 2.1% before trimming some gains, last up 1.5% to 146 rupees ** Power exchange said it achieved 30.1 billion units volume across all segments in Q4, up 15.7% YoY ** Stock on track to rise for fifth straight session if trend holds; it gained 7.7% across earlier four sessions ** On track for best week since Dec.

GE Power India jumps on $93 mln contract win

BUZZ-GE Power India jumps on $93 mln contract win ** Shares of power equipment maker GE Power India GEPO.NS jump 11.3% to highest since late-June 2021 before trimming gains; last up 4.2% ** GEPO says it won two contracts from Jaiprakash Power Ventures JAPR.NS aggregating worth 7.75 bln rupees ($92.9 mln) ** Stock on track to rise for sixth straight

Gold continues record rally after Fed comments; US data in focus

PRECIOUS-Gold continues record rally after Fed comments; US data in focus Gold hits an all-time high at $2,304.09/ounce Non-farm payrolls report due on Friday Recasts as of 0343 GMT By Sherin Elizabeth Varghese April 4 (Reuters) - Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S.
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India's KEC International hits record high on $98 mln order win

BUZZ-India's KEC International hits record high on $98 mln order win ** Shares of KEC International KECL.NS up as much as 9.6% at record high of 798.75 rupees ** Stock posts biggest intraday pct gain since last May ** Engineering and construction company has secured new orders worth 8.16 bln rupees ($97.8 mln) across various businesses ** "With the

India's HDFC Bank rises on sequential climb in Q4 advances

BUZZ-India's HDFC Bank rises on sequential climb in Q4 advances ** Shares of HDFC Bank HDBK.NS up 2.8% at 1,524.55 rupees ** India's top private lender says gross advances climbed 1.6% Q/Q in the March qtr, while deposits rose 7.5% ** HDBK top gainer on Nifty 50 .NSEI , which is up 0.7% ** Analysts avg rating on HDBK is "buy"; median PT is 1,929 ru

Majority of recent CO2 emissions linked to just 57 producers, report says

Majority of recent CO2 emissions linked to just 57 producers, report says By Kate Abnett and Riham Alkousaa BRUSSELS/BERLIN, April 4 (Reuters) - The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers, researchers said on Thursday. From 2016 to 2022, the 57 entities including nation-states, state-owned firms and investor-owned companies produced 80% of the world's CO2 emissions from fossil fuels and cement prod
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Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss eased in 2023 but threats remain, analysis shows By Jake Spring SAO PAULO, April 4 (Reuters) - Tropical forest loss declined last year, but other indicators show that the world's woodlands remain under tremendous pressure, according to an analysis released on Thursday by the Global Forest Watch monitoring project. Destruction of forests helps drive global climate change.

Italy - Factors to watch on April 4

Italy - Factors to watch on April 4 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS The Italian government is preparing an emergency decree to secure the supply chain for raw materials , Italy's Industry minister Adolfo Urso said on Wednesday.
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Australian miners Rio Tinto, Evolution Mining top picks, Morgan Stanley says

BUZZ-Australian miners Rio Tinto, Evolution Mining top picks, Morgan Stanley says ** Australian iron ore giant Rio Tinto RIO.AX and gold producer Evolution Mining EVN.AX stand out as top preferences for research firm Morgan Stanley (MS) ** MS says RIO's PT at A$140, "overweight" rated; EVN's PT at A$3.90, "overweight" rated ** MS says RIO's robust
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HDFC Bank leads Indian blue-chip indexes to record highs

INDIA STOCKS-HDFC Bank leads Indian blue-chip indexes to record highs Updates at 9:17 a.m. IST BENGALURU, April 4 (Reuters) - Indian shares opene d higher on Thursday, with the benchmarks Nifty 50 and Sensex hitting record highs, l ed by financials on a positive business update from top private lender HDFC Bank . The blue-chip NSE Nifty 50 .NSEI was up 0.70% at 22,592.10, while the BSE Sensex .BSESN climbed 0.73% to 74,413.82, as of 9:17 a.m.

Thai c.bank seen cutting rates 50 bps this year, bond market survey shows

Thai c.bank seen cutting rates 50 bps this year, bond market survey shows BANGKOK, April 4 (Reuters) - Thailand's central bank is expected to cut rates twice this year starting in June, reducing interest rates by a total of 50 basis points, the Bond Market Association said in a statement on Thursday. Reporting by Kitiphong Thaichareon, writing by C

Japan's Toho Zinc sees 4.3% drop in H1 zinc output y/y

Japan's Toho Zinc sees 4.3% drop in H1 zinc output y/y TOKYO, April 4 (Reuters) - Toho Zinc Co Ltd 5707.T , Japan's third-biggest zinc smelter, said on Thursday that it plans to produce 34,200 metric tons of refined zinc in the first half of the 2024/25 financial year, down 4.3% from a year-ago period. The country's first-half period falls between April and September.

Australia's Suncorp range-bound after NZ life insurance business sale plan

BUZZ-Australia's Suncorp range-bound after NZ life insurance business sale plan ** Australian insurer Suncorp Group's SUN.AX shares reverse early gains to marginally fall 0.24% to A$16.31 ** Company's shares hit highest since December 2007 by 0033 GMT ** Suncorp plans to sell its New Zealand life insurance business to Resolution Life for NZ$410 mln
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Earthquake of 6 magnitude strikes off east coast of Honshu, Japan, EMSC says

Earthquake of 6 magnitude strikes off east coast of Honshu, Japan, EMSC says April 4 (Reuters) - An earthquake of magnitude 6 struck off the east coast of Honshu, Japan on Thursday, the European-Mediterranean Seismological Centre said. The quake was at a depth of 32 km (19.88 miles), EMSC said. Reporting by Shreya Biswas in Bengaluru

HDFC Bank's March-quarter gross advances up 1.6% from December quarter

HDFC Bank's March-quarter gross advances up 1.6% from December quarter BENGALURU, April 4 (Reuters) - Indian private lender HDFC Bank HDBK.NS said on Thursday its gross advances at the end of the March quarter rose 1.6% to 25.08 trillion rupees ($300.44 billion) from the December quarter. The bank's deposits in the March quarter rose 7.5% to 23.8 trillion rupees from the December quarter.

Australia's Flynn Gold falls on discounted placement

BUZZ-Australia's Flynn Gold falls on discounted placement ** Shares of Flynn Gold FG1.AX fall as much as 2% to A$0.048 ** Stock at its lowest level since March 28 ** Gold explorer announces one-for-two renounceable rights issue to raise up to A$2.5 million ($1.64 million) at 3 Australian cents per share ** Issue price represents a 38.8% discount to

Marquee Resources jumps on pegmatite find in Western Australia

BUZZ-Marquee Resources jumps on pegmatite find in Western Australia ** Shares of Marquee Resources MQR.AX rise as much as 17.7% to A$0.020, set for best day since March 8, if gains hold ** Minerals explorer says it has identified spodumene bearing pegmatite swarms at its West Spargoville project in Western Australia ** Drilling to commence as soon

Australia's QEM rises on vanadium pentoxide purity study results

BUZZ-Australia's QEM rises on vanadium pentoxide purity study results ** Shares of QEM QEM.AX rise as much as 3.2% to A$0.160; log biggest intraday pct gain since March 27 ** Mineral explorer announces successful extraction of high purity vanadium pentoxide (V2O5) from Queensland industrial waste ** Adds the University of Queensland conducted the s

South Korean stocks gain on US Fed comments

South Korean stocks gain on US Fed comments KOSPI rises, foreigners net buyers Korean won strengthens against dollar South Korea benchmark bond yield rises SEOUL, April 4 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rose on Thursday after Federal Reserve Chair Jerome Powell reaffirmed U.S. interest rates were still on course to be cut this year, though the timing was data dependent.

Japan's Nikkei rises sharply after profit-taking in new fiscal year

Japan's Nikkei rises sharply after profit-taking in new fiscal year TOKYO, April 4 (Reuters) - Japan's Nikkei share average rose sharply on Thursday, as investors scooped up stocks, following a heavy sell-off to book profits earlier this week as the new financial year started. The Nikkei .N225 rose as much as 2%, before ending the morning session up 1.65% at 40,101.82. The broader Topix .TOPX rose 1.46% to 2,746.14. "Investors scooped up stocks on dips as a series of sell-off related to profit-b
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