NW Business and Finance

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Headline PMI Supported Chinese Shares + MORE


Euro jumped as deflation risks moderated and Greece has sent a comprehensive plan for the emergency meeting with Germany, France and the Troika. Stock markets, however, softened with the Stoxx600 index losing -1% as yields soared. Wall Street also lost ground with the DJIA and the S&P 500 indices dropping -0…

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Crude oil prices dropped as much as US$1/bbl at one point as OPEC output reported to have increased. Yet, losses were partly pared later in the day as equities in the US were lifted by better-than-expected ISM manufacturing index and construction spending.

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The Asia session starts with releases of Chinese factory data. The official manufacturing PMI climbed +0.1 point to 50.2, the highest level in 6 months, in May from April’s 50.1, in line with expectations The non-manufacturing PMI fell to 53.2, the lowest since December 2008, from 53.4 in April. Meanwhile, the final reading of HSBC/Markit PMI edged up to 49…

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Commodities slumped despite USD’s weakness against the euro following the ECB meeting. The selloff in crude prices was mainly driven by the surprisingly increase in distillate inventory and Russian Energy Minister’s confirmation that the OPEC would not cut output at Friday’s meeting. The front-month contract for WTI crude fell -2…

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Vancouver, BC, Canada — June 3 2015 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) and Prism Resources Inc. (‘Prism’) (NEX:PRS.H) are pleased to provide an update on work completed on the Cerro Oro project, Caldas Department, Colombia.

Cerro Oro is a robust low-sulfidation epithermal gold system with the potential to provide substantially higher grades than the typical low-grade porphyries seen in the Cauca Belt…

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