Spot Gold Extends Losses, Falls 3.3% to Weakest Since October 2010
Bhp Billiton PLC
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Asian stock markets moved off session highs on Friday to end mixed with the Nikkei leading gains by 1.4 percent after its stunning 5 percent dive in the previous session. Sentiment improved after latest U.S. data eased concerns of an early end to the Federal Reserve's bond-buying program.
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LPL Financial's Jeffrey Kleintop says one type of investment vehicle is going to "bounce the hardest."
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Stocks opened stronger in Europe on a generally more positive tone for stock markets; however, the economic weakness in Europe is front and foremost. The British pound is at the lowest level in two years. Dollar at the highest level since February against the euro. Commodities are down across the board. Ahead of its meeting next week, OPEC may need to cut oil supplies by as much as 1.5 million barrels per day, or nearly 5 percent, Iran's OPEC governor said on Tuesday.
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Alcoa's shares jumped nearly 3 percent to a six-year-high Monday on renewed speculation that mining giant BHP Billiton has revived plans for a $40 billion takeover of the U.S. aluminum company.
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Tips are for waiters…but rumors, if you know how to use them, can make you some mad money.
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