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Markets On Course To Crash With Italy’s Problems

(Kitco News) – Destabilization around the world is showing signs with global currencies “collapsing,” said Gerald Celente, publisher of the Trends Journal. “It’s beyond Italy. It’s going on in all the emerging markets and the developed nations,” Celente told Kitco News. Celente said that the new Italian government is reflective of the broader anti-establishment sentiment

Business & Finance

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Kratos Defense Stock Finds Itself In a Sweet Spot

United in Defense Harris Corporation (HRS) put their numbers to the tape around midnight. The firm beat EPS expectations for their Q1 by six cents. The firm also saw revenue climb by 9.2% year-over-year, which was good enough to beat Wall Street’s consensus by a rough $20M. I had not expected to see those results

Funds

Jonathan

Hedge fund Highfields Capital to close, return billions to clients

Boston hedge fund Highfields Capital Management is returning billions in client money and converting into a family office, founder Jonathan Jacobson told investors in a letter Wednesday. The decision to return money to investors would mark one of the largest hedge fund closings in recent history. Jacobson started the $12.1 billion stock-trading firm in 1998

Bonds

market

U.S. 10-Year Bond Auction Draws Highest Yield Since 2011; Overall Demand Wanes

The U.S. Treasury sold benchmark 10-year notes at the highest auction yield since 2011 Wednesday, Treasury data indicated, but demand for the $23 billion auction fell to lowest since February, suggesting the recent rise in global fixed income markets is failing to attract investors. The Treasury sold $23 billion of its existing 10-year bond, maturing

Commodities

Futures, Commodities, Markets, Commodity Futures Trading Commission, Oil

Oil boosted by signs Iran crude exports falling, Hurricane Michael threat

Oil futures settle higher Tuesday, finding support from signs that Iran crude exports are falling ahead of reimposed sanctions. Market participants also eyed any risks to energy infrastructure as Hurricane Michael headed for the Gulf of Mexico. West Texas Intermediate crude for November delivery CLX8, -0.31%  on the New York Mercantile Exchange rose 67 cents,

Currencies

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Dollar retreats from seven-week high as sterling and yen gain

The U.S. dollar retreated from a seven-week high Tuesday as some of its closest rivals clawed back early losses. The ICE Dollar Index DXY, -0.14% , which measures the value of the buck against a basket of six other currencies, was trading at 95.655, down 0.1%, after earlier reaching an intraday high of 96.16, its

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