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☆ Asia markets largely set to rise ahead ahead of China's inflation numbers and India's rate decision
▼ + stars: | 2024-02-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A butcher (L) shows a piece of pork to a customer at a market in Beijing on July 10, 2019. NICOLAS ASFOURI | AFP | Getty ImagesAsia-Pacific markets are set to rise as investors look toward China's inflation figures for and the Reserve Bank of India's rate decision. China's consumer price index for January is expected to fall 0.5% year-on-year, while the Reserve Bank of India is forecast to hold rates at 6.5%. Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 36,375 and its counterpart in Osaka at 36,280 against the index's last close of 36,119.92. However, futures for Hong Kong's Hang Seng index stood at 16,024, pointing to a weaker open compared with the HSI's last close of 16,081.89.

Persons: NICOLAS ASFOURI Organizations: AFP, Getty, Reserve Bank, Reserve Bank of, Nikkei Locations: Beijing, Asia, Pacific, Reserve Bank of India, Australia, Chicago, Osaka

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. He subsequently condemned Russia's invasion as “barbaric.” The Nasdaq exchange suspended trading in Yandex shares days after the invasion. After the sale, Yandex NV would be left with its international businesses — employing 1,300 people — including self-driving technology and generative artificial intelligence as well as a data center in Finland. Yandex NV Chairman John Boynton said the company had faced “exceptional challenges” since the start of the war. None of the purchasers have been sanctioned, Yandex NV said, and the cash part of the transaction would be conducted in Chinese yuan outside of Russia.

Persons: Vladimir Putin's, Arkady Volozh, Dmitry Peskov, ”, —, Alexander Chachava, Pavel Prass, Alexander Ryazanov, John Boynton, Boynton, McDonald’s, France’s Renault, Baltika Organizations: Western, Nasdaq, Yandex, Google, Yahoo, European Union, Companies, Baltika Breweries, Danone Locations: FRANKFURT, Germany, Russian, Russia, Ukraine, Moscow, Netherlands, Israel, Finland, Avtovaz, Western

☆ Asia markets poised for mixed open as they kickstart holiday-shortened week; central bank decisions in focus
▼ + stars: | 2024-02-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Jade Gao | Afp | Getty ImagesAsia-Pacific stocks were set for a mixed open as they kickstart a holiday-shortened trading week for some markets. Investors will watch out for key central bank decisions this week, especially from the Reserve Bank of Australia on Tuesday and the Reserve Bank of India on Thursday. On Monday, private surveys on service sector activity will be released from China and Hong Kong. Hong Kong's Hang Seng index is also set to fall, with futures at 15,412 compared to the HSI's close of 15,533.56. China, Taiwan, South Korea, Singapore, and Hong Kong will all see shortened trading weeks as the Lunar New Year approaches.

Persons: Jade Gao, Hong Organizations: Central Business District, Afp, Getty, Investors, Reserve Bank of Australia, Reserve Bank of India, Nikkei Locations: Beijing, Asia, Pacific, China, Hong Kong, Singapore, Thailand, Australia, Chicago, Osaka, Taiwan, South Korea

☆ A top Wall Street strategist shares the 3 Magnificent 7 stocks that are most likely to continue their outperformance in 2024 — and 2 loaded with 'red flags'
▼ + stars: | 2024-02-01 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewJust seven stocks accounted for the lion's share of returns for the S&P 500 in 2023. Piper SandlerIn a January 23 note to clients, he said that only three of the seven stocks are well-positioned to keep rising, while two are in a more neutral position and another two are loaded with "red flags." When analyzing the seven stocks, he looked at fundamental traits that make them a strong buy, as well as downside risks to the companies. On fundamentals, Alphabet and Meta each scored a one and Apple came in right behind with a two. But the remaining two stocks in the group — Tesla (TSLA) and Nvidia (NVDA) had a ton of downside risks, he said.

Persons: —, Michael Kantrowitz, Piper Sandler, Kantrowitz, Meta's, Tesla Organizations: Service, Apple, Nvidia, Tesla, Microsoft, Meta, Business, Google, Facebook Locations: lockstep

☆ Asia markets set to fall ahead of Fed decision; China factory activity and Australia inflation on tap
▼ + stars: | 2024-01-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A public screen displays stock figures in Shanghai, China, on Monday, Oct. 10, 2022. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets are set to fall ahead of the rate decision from the U.S. Federal Reserve and a slew of economic data from across the region, including China and Australia. Australia will release its inflation numbers for December and the fourth quarter, while China will announce its official purchasing managers index figures for January. Japan's Nikkei 225 is also set to fall, with the futures contract in Chicago at 35,785 and its counterpart in Osaka at 35,930 against the index's last close of 36,065.86. Futures for Hong Kong's Hang Seng index stood at 15,702, pointing to a similar open compared with the HSI's close of 15,703.45.

Organizations: Bloomberg, Getty, U.S . Federal Reserve, Nikkei Locations: Shanghai, China, Asia, Pacific, Australia, Japan, South Korea, Chicago, Osaka

☆ Annuity sales hit a record in 2023. Here's what to know about one popular option
▼ + stars: | 2024-01-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Fixed indexed annuity sales brought in a record $95.6 billion, up from 20% from the record hit the year prior. Indexed annuities earn interest that is calculated based on the changes within a market index, such as the S & P 500 or the Nasdaq 100. However, they also receive downside protection: They are credited zero interest if the index their annuity is tracking declines. The term of index annuities typically range from three to 15 years, according to Annuity.org . Fixed indexed annuities can also be complicated, warned David Blanchett, head of retirement research for PGIM DC Solutions.

Persons: Bryan Hodgens, Buyers, Hodges, Cannex, Melody Evans, Evans, David Blanchett, Blanchett, DIAs Organizations: Nasdaq, Cannex, Products, Insurance, TIAA, DC Solutions, FIA Locations: Connecticut

☆ Asia markets poised to mostly rise; Hong Kong set to fall in the wake of Evergrande liquidation order
▼ + stars: | 2024-01-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Yuichi Yamazaki | Afp | Getty ImagesAsia-Pacific markets are set to rise on Tuesday, with the exception of Hong Kong, as investors continue to grapple with the fallout from Evergrande's liquidation order. A Hong Kong court ruled to liquidate the firm, which was once considered one of China's largest real estate firms. This comes as Japan's unemployment rate in December fell to 2.4%, lower than 2.5% in the month before and slightly below expectations. Economists polled by Reuters expected the unemployment rate to stay unchanged at 2.5%. In Australia, the S&P/ASX 200 started the day up 0.46%, on pace for a seventh straight day of gains.

Persons: Yuichi Yamazaki Organizations: Afp, Getty, Hong, Futures, Nikkei, Reuters Locations: Tokyo, Asia, Pacific, Hong Kong, Chicago, Osaka, Australia

☆ Asia markets poised for mixed open ahead of Tokyo inflation data, Bank of Japan December meeting minutes
▼ + stars: | 2024-01-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The U.S.' personal consumption expenditures price index, excluding food and energy, climbed 2% in the final quarter of 2023, while headline inflation rose 1.7%. Japan's Nikkei 225 was set to fall ahead of its January inflation reading from Tokyo — widely considered to be a leading indicator for nationwide inflation. The Nikkei futures contract in Chicago was at 36,000, and its counterpart in Osaka at 36,050, against the index's last close of 36,236.47. Investors will also be watching out for minutes of the Bank of Japan's final meeting of 2023. Separately, futures for Hong Kong's Hang Seng index stood at 16,079, pointing to a weaker open compared with the HSI's close of 16,211.96.

Persons: Dow Jones Organizations: Bloomberg, Getty, Gross, U.S, Nikkei, Bank of Japan's Locations: Minato, Tokyo, Japan, Asia, Pacific, U.S, Australia, Chicago, Osaka

☆ Large stocks celebrate record while small caps remain mired in bear market
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small caps are conspicuously absent from Wall Street's bull market party. The S & P 500 confirmed Friday that a new bull market has begun, breaking both its intraday and closing record high from January 2022. Year to date thus far, the S & P 500 is up more than 1%, while the Dow has climbed 0.5%. "We think it's when the Fed cuts rates not if; this boosts small more than large," he wrote in a Monday note. Not everyone on Wall Street is as optimistic that Fed rate cuts will be an outsized catalyst for small caps.

Persons: Russell, Jason Goepfert, Sundial's Goepfert, Steven DeSanctis, DeSanctis, Barclays's Stefano Pascale, Pascale Organizations: Dow Jones, Dow, Nvidia, Meta, Microsoft, Capital, Micro, Wall

A forward-looking gauge of economic activity continued to soften in December, though the overall rate of decline improved in the last six months of 2023. The Conference Board’s Leading Economic Index fell by 0.1% in December, below expectations, yet contracted by 2.9% over the past six months, down from 4.3% for the prior six-month period. “Despite the overall decline, six out of 10 leading indicators made positive contributions to the LEI in December. Moreover, other recent economic data – consumer sentiment, retail sales and jobless claims – has been positive and consistent with an expanding economy. The Fed indicated then that members of its monetary policy committee favored at least three cuts in rates this year.

Persons: LEI, Justyna, “, ”, –, Shaan Raithatha Organizations: The Conference, Congress, Federal, Commerce Department, Vanguard, Fed Locations: U.S, Wells Fargo

☆ Asia markets mixed after falling on Wednesday; Australia unemployment data in focus
▼ + stars: | 2024-01-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets were set for a mixed open Thursday after stocks fell in the previous session, with mainland Chinese shares touching a near-five-year low. Investors will be watching Australia's unemployment numbers on Thursday for clues on the Reserve Bank of Australia's moves in its February meeting. Futures for Hong Kong's Hang Seng index were flat, standing at 15,274 compared with the HSI's close of 15,276.9. Hong Kong stocks plunged almost 4% to hit their lowest level since November 2022 on Wednesday.

Organizations: Sydney Opera House, Getty, Reserve Bank, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty ImagesAsia-Pacific markets appear set to extend their declines Wednesday, ahead of a slew of economic data from China. Investors will also assess the Reuters Tankan manufacturing index for January, which is a leading indicator of the Bank of Japan's official quarterly Tankan survey that assesses business conditions in the country. In Australia, the S&P/ASX 200 extended its losing streak to a fourth day, falling 0.17% in early trade. Futures for Hong Kong's Hang Seng index stood at 15,793, pointing to a weaker open after the index led losses in Asia on Tuesday, closing at 15,865.92.

Persons: Greg Baker Organizations: Afp, Getty, Investors, Reuters, Bank of Japan's, Nikkei Locations: Beijing, Asia, Pacific, China, Australia, Chicago, Osaka

☆ Homebuilder sentiment improves for second straight month, following drop in mortgage rates
▼ + stars: | 2024-01-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher in the last two months. The increase coincides with a big drop in mortgage interest rates from around 8% in mid-October to the 6% range in December. Regionally, on a three-month moving average, builder confidence increased the most in the Northeast, the only area now in positive territory at 55. Sentiment was flat in the Midwest and rose slightly in the South and West.

Persons: Alicia Huey Organizations: National Association of Home Builders, Builders Locations: Birmingham , Alabama, Midwest, South, West

☆ UBS raises S&P 500 target for 2024, sees nearly 8% gain from here
▼ + stars: | 2024-01-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The S & P 500 is in for yet another strong year, according to UBS. The firm lifted its year-end target on the S & P 500 from 4,850 to 5,150, representing 7.7% upside for the benchmark stock index from Friday's close. The S & P 500 ended last week at 4,783.83. This year's more dovish Federal Reserve policy supports higher valuations, Golub said, upping his 2024 earnings-per-share estimate on the S & P 500 by $10 to $235. "While the S & P 500 advanced throughout 2023, leadership has become more pro-cyclical over the past 3 months, an indication of investor optimism toward the economy," Golub said.

Persons: Jonathan Golub, Golub, upping Organizations: UBS, Federal, Technology

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

☆ Goldman says small caps to beat large caps this year. 10 cheap smaller stocks to buy
▼ + stars: | 2024-01-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks could finally break out above their large-cap peers in 2024, according to Goldman Sachs portfolio strategists. Small caps lagged large caps by a wide margin in 2023, with the Russell 2000 climbing about 15% compared to a 24% gain for the S & P 500. Snider ties the optimistic outlook for small-cap stocks to Goldman's macroeconomic outlook for the coming year, which anticipates 2% growth in U.S. gross domestic product. The forecast 15% return for the Russell 2000 this year also matches the index's historical median return of 16% during presidential election years going back to 1984, Goldman argued. TGNA 1Y mountain TEGNA stock.

Persons: Goldman Sachs, Russell, Ben Snider, Goldman, Snider, Tegna, WisdomTree, Ziff Davis, — CNBC's Michael Bloom Organizations: Nvidia, Apple, NBC, WT, Research, Technologies, Comcast, CNBC

☆ Caterpillar had a stellar 2023. Here's why all signs point to another strong year
▼ + stars: | 2024-01-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Caterpillar outperformed a lackluster industrial sector and kept pace with last year's strong market. While falling modestly in the next two sessions, Caterpillar rose 23.4% in 2023. Club name Caterpillar was last year's ninth-best performer of the 30 stocks that make up the Dow Jones Industrials Average , which gained 13.7% in 2023. The onslaught on federal spending was a prime reason the Club first initiated a position in Caterpillar back in January 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Dow Jones, it's, Jim Cramer, Jim Umpleby, Umpleby, Joe Biden's, Caterpillar's financials, Jim Cramer's, Jim, Drake Nickels, Smith Organizations: Caterpillar, Dow, CAT, Big Tech, Federal, Dealers, U.S, Joe Biden's Infrastructure Investment, Jobs, Law, Management, CNBC, CAL, Marine Corps, West, Marine Corps Base Locations: Camp Pendleton , California

☆ Adani Group founder Gautam Adani is once again Asia's richest person
▼ + stars: | 2024-01-05 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Gautam Adani is the richest person in Asia again, according to Bloomberg Billionaires Index's updated figures Friday. The founder and chairman of the Adani Group regained pole position in Asia after dethroning Reliance Industries Chairman Mukesh Ambani, who took the top spot after Hindenburg Research accused the Adani Group of "brazen stock manipulation and accounting fraud" over decades. The report eroded investor confidence and wiped out billions in market value for Adani Group companies. The Adani Group has 10 publicly listed companies, including Adani Port which was 2.8% higher on Asia's Friday afternoon trading session. As of Friday, Adani's net worth stood at $97.6 billion and he was the world's 12th richest person, while Ambani's wealth stood at $97 billion and he was in 13th place, according to the Bloomberg Billionaires Index.

Persons: Gautam Adani, Index's, Mukesh Ambani, Hindenburg, Ambani's Organizations: Bloomberg, Adani Group, dethroning Reliance, Hindenburg Research, Adani, Securities, Exchange Board of India Locations: Asia

☆ This income-paying asset could be poised to rise in 2024 as interest rates cool
▼ + stars: | 2024-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.

Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's

☆ A tech-heavy portfolio can be still considered diversified. Here's how we think about it
▼ + stars: | 2023-12-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

– Thank you, Cathryn, San Francisco We certainly understand and agree it's becoming increasingly difficult to maintain a diversified portfolio that's not dominated by technology stocks. There are also what many investors would think of as tech companies in S & P 500 Communication Services , at an 8.6% weighting. After all, we would say Meta, Alphabet and Amazon are as much tech companies as Apple or Microsoft, with all three considered leaders in artificial intelligence. These are industrial technology companies, not the industrial companies of old. So, using some of the examples provided in the question: Yes, Microsoft and Apple are both considered Information Technology companies.

Persons: Jim Cramer, it's, didn't, We've, they're, Jim Cramer's, Jim Organizations: Technology, Nvidia, Apple, Broadcom, Microsoft, Palo Alto Networks, Communication, Honeywell, Eaton, Web Services, Google, Jim Cramer's Charitable, CNBC Locations: San Francisco

☆ We're increasing our price targets on 5 stocks and changing our rating on one of them
▼ + stars: | 2023-12-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Club on Friday is changing the rating and price target on one of our favorite semiconductor stocks, while updating the price targets on four other names in the portfolio to reflect recent earnings, new internal developments and broader economic forces. We're increasing our price target on Broadcom to $1,200 a share, up from $1,000 to reflect the strong quarter it reported last week. We are increasing our price target on Costco Wholesale to $680 a share, up from $630. We are increasing our price target on Palo Alto Networks to $320 a share, up from $300. The move comes after raising our price target earlier in the month to $300, from $280.

Persons: It's, Carrier, Wells Fargo, Wells, Jim Cramer's, Jim Cramer, Jim, Brent Lewin Organizations: Broadcom, VMware, Costco, Costco Wholesale, Honeywell, U.S, Palo Alto Networks, Federal, CNBC, Apple, Bloomberg, Getty Locations: Palo, Wells, Wells Fargo, PANW

☆ How every Club stock performed over the past 10 Decembers, a historically strong month
▼ + stars: | 2023-12-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.

Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, —, Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States

☆ Uber could join the S&P 500 following the index's rebalancing
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber could join the S&P 500 following the index's rebalancingCNBC’s Deirdre Bosa joins 'The Exchange' to discuss the latest news on the S&P 500 rebalancing.

Persons: Deirdre Bosa

☆ These 10 stocks notched double-digit gains and outperformed the market in November
▼ + stars: | 2023-12-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

FL YTD mountain Foot Locker (FL) performance year-to-date Foot Locker (FL) climbed 28.3% during November, making it the Club's No. Foot Locker stock, down more than 26% year-to-date, closed 1.4% lower Thursday, at just under $27.28 apiece. CRM YTD mountain Salesforce (CRM) performance year-to-date Salesforce (CRM) shares jumped 25.4% in November, coming in second place for monthly gains. NVDA YTD mountain Nvidia (NVDA) performance year-to-date Nvidia (NVDA) — an "own it, don't trade it" name — was the portfolio's fifth-best performer in November. WFC YTD mountain Wells Fargo (WFC) performance year-to-date Shares of Wells Fargo (WFC) jumped 12.07% in November, as the broader market rally lifted financials.

Persons: Jim Cramer, Mary Dillon's, Locker, Palo, CrowdStrike, We're bullish, —, Wall, Walt Disney, Nelson Peltz's, Wells, Morgan Stanley, Sam Altman, OpenAI, Altman, Jim Cramer's, Jim, Michael M Organizations: —, Palo Alto Networks, Palo Alto, Management, Nvidia, DIS, Walt Disney, Disney, Oracle, Microsoft, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: FL, Palo, Palo Alto, Wells, Wells Fargo, OpenAI, DHR

☆ Gold eyes 3rd weekly gain as lower inflation cements Fed cut bets
▼ + stars: | 2023-12-01 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold rose 0.3% at $2,042.58 per ounce by 0621 GMT on Friday, and is up about 2% for the week so far. The metal rose $60 in November in its second straight monthly gain. Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "However, month-end flow may have also been a factor, and seasonality tends to favour gains for gold between November and December," City Index's Simpson added. Spot silver and platinum edged up 0.1% to $25.29 and $927.44 per ounce, respectively, while palladium rose 0.4% to $1,011.65.

Persons: Alexander Manzyuk, Powell, Matt Simpson, CME's, Index's Simpson, Hugo Pascal, Harshit Verma, Nivedita Bhattacharjee, Mrigank Organizations: REUTERS, Federal, Reuters, Federal Reserve, Traders, U.S, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

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