News Story



Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.50%

– Saudi Arabia stocks were higher after the close on Sunday, as gains in the Cement, Petrochemicals and Multi Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.50%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE:8030), which rose 6.06% or 0.80 points to trade at 14.00 at the close. Meanwhile, Tabuk Cement Co. (SE:3090) added 4.30% or 0.50 points to end at 12.14 and Al Alamiya Cooperative Insurance (SE:8280) was up 3.57% or 1.25 points to 36.25 in late trade.

The worst performers of the session were Saudi Fisheries Co. (SE:6050), which fell 4.92% or 0.88 points to trade at 17.00 at the close. Dallah Healthcare Holding Company (SE:4004) declined 4.41% or 2.80 points to end at 60.70 and Saudi Enaya Cooperative Insurance (SE:8311) was down 3.53% or 0.74 points to 20.24.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 0 to 0.

Shares in Saudi Fisheries Co. (SE:6050) fell to 5-year lows; falling 4.92% or 0.88 to 17.00. Shares in Dallah Healthcare Holding Company (SE:4004) fell to 52-week lows; down 4.41% or 2.80 to 60.70.

Crude oil for November delivery was up 0.57% or 0.40 to $70.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December unchanged 0.00% or 0.00 to hit $78.24 a barrel, while the December Gold Futures contract fell 0.65% or 7.90 to trade at $1203.40 a troy ounce.

EUR/SAR was down 0.22% to 4.4074, while USD/SAR fell 0.01% to 3.7502.

The US Dollar Index Futures was up 0.34% at 93.79.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC4208E_M.jpg © Reuters.

Stellar Lumens Jumps 20.52% In a Green Day

- Stellar Lumens was trading at $0.29950 by 06:14 (10:14 GMT) on the Index on Sunday, up 20.52% on the day. It was the largest one-day percentage gain since September 23.

The move upwards pushed Stellar Lumens's market cap up to $5.46B, or 2.39% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.23883 to $0.29953 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 43.26%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $168.11M or 1.22% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.29953 in the past 7 days.

At its current price, Stellar Lumens is still down 67.44% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,764.9 on the Index, up 0.99% on the day.

Ethereum was trading at $246.43 on the Index, a gain of 3.35%.

Bitcoin's market cap was last at $116.85B or 51.08% of the total cryptocurrency market cap, while Ethereum's market cap totaled $25.11B or 10.98% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED09124_M.jpg © Reuters.

XRP Tumbles 21.57% In Bearish Trade

- XRP was trading at $0.57900 by 10:06 (14:06 GMT) on the Index on Saturday, down 21.57% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed XRP's market cap down to $23.06B, or 10.31% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.49165 to $0.62702 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 105.8%. The volume of XRP traded in the twenty-four hours to time of writing was $4.48B or 19.82% of the total volume of all cryptocurrencies. It has traded in a range of $0.26706 to $0.78848 in the past 7 days.

At its current price, XRP is still down 82.40% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,688.3 on the Index, down 0.62% on the day.

Ethereum was trading at $240.51 on the Index, a gain of 4.09%.

Bitcoin's market cap was last at $115.56B or 51.67% of the total cryptocurrency market cap, while Ethereum's market cap totaled $24.60B or 11.00% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPED8B0RG_M.jpg © Reuters.

Stellar Lumens Falls 10.19% In Selloff

- Stellar Lumens was trading at $0.23787 by 09:05 (13:05 GMT) on the Index on Saturday, down 10.19% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Stellar Lumens's market cap down to $4.48B, or 2.00% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.23137 to $0.25066 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 17.07%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $162.38M or 0.69% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.27785 in the past 7 days.

At its current price, Stellar Lumens is still down 74.14% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,686.8 on the Index, down 0.69% on the day.

Ethereum was trading at $239.16 on the Index, a gain of 4.32%.

Bitcoin's market cap was last at $115.74B or 51.77% of the total cryptocurrency market cap, while Ethereum's market cap totaled $24.38B or 10.91% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED9G1CM_M.jpg © Reuters.

XRP Climbs 10.06% In Bullish Trade

- XRP was trading at $0.59142 by 08:42 (12:42 GMT) on the Index on Saturday, up 10.06% on the day. It was the largest one-day percentage gain since September 21.

The move upwards pushed XRP's market cap up to $22.56B, or 10.14% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.49165 to $0.62702 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 101.61%. The volume of XRP traded in the twenty-four hours to time of writing was $4.60B or 19.83% of the total volume of all cryptocurrencies. It has traded in a range of $0.26706 to $0.78848 in the past 7 days.

At its current price, XRP is still down 82.02% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,699.8 on the Index, down 0.50% on the day.

Ethereum was trading at $240.57 on the Index, a gain of 5.70%.

Bitcoin's market cap was last at $115.55B or 51.93% of the total cryptocurrency market cap, while Ethereum's market cap totaled $24.36B or 10.95% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED040TQ_M.jpg © Reuters.

Peru stocks higher at close of trade; S&P Lima General up 0.60%

– Peru stocks were higher after the close on Friday, as gains in the S&P Lima Juniors, Mining and Industrials sectors led shares higher.

At the close in Lima, the S&P Lima General gained 0.60%.

The best performers of the session on the S&P Lima General were Panoro (LM:PML), which rose 9.76% or 0.016 points to trade at 0.180 at the close. Meanwhile, Relapasa (LM:REL) added 8.00% or 0.012 points to end at 0.162 and Sider (LM:SID) was up 5.77% or 0.030 points to 0.550 in late trade.

The worst performers of the session were Grana Y Monter (LM:GRA), which fell 6.11% or 0.110 points to trade at 1.690 at the close. PPX Mining Corp (LM:PPX) unchanged 2.90% or 0.00 points to end at 0.07 and Aceros Arequip (LM:AREi) was down 1.47% or 0.010 points to 0.670.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 17 to 6 and 11 ended unchanged.

Crude oil for November delivery was up 0.57% or 0.40 to $70.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.03% or 0.02 to hit $78.68 a barrel, while the December Gold Futures contract fell 0.65% or 7.90 to trade at $1203.40 a troy ounce.

USD/PEN was down 0.29% to 3.2898, while EUR/PEN fell 0.46% to 3.8638.

The US Dollar Index Futures was up 0.34% at 93.79.

]]> https://i-invdn-com.akamaized.net/news/Lima_Stock_Exchange_M_1440056424.jpg

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.36%

– Mexico stocks were lower after the close on Friday, as losses in the Consumer Goods&Services, Healthcare and Telecoms Services sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC lost 0.36%.

The best performers of the session on the S&P/BMV IPC were Grupo Mexico, S.A.B. De C.V. (MX:GMEXICOB), which rose 5.17% or 2.710 points to trade at 55.150 at the close. Meanwhile, Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) added 4.35% or 2.650 points to end at 63.500 and Industrias Penoles Sab De CV (MX:PENOLES) was up 4.03% or 13.66 points to 352.60 in late trade.

The worst performers of the session were Gentera SAB de CV (MX:GENTERA), which fell 2.75% or 0.530 points to trade at 18.710 at the close. El Puerto De Liverpool Sab De CV (MX:LIVEPOLC1) declined 2.44% or 3.46 points to end at 138.43 and Grupo Aeroportuario Del CentroNorte (MX:OMAB) was down 2.04% or 2.700 points to 129.420.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 146 to 131 and 15 ended unchanged.

Gold Futures for December delivery was down 0.64% or 7.80 to $1203.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.74% or 0.52 to hit $70.84 a barrel, while the November Brent oil contract rose 0.08% or 0.06 to trade at $78.76 a barrel.

USD/MXN was down 0.12% to 18.8090, while EUR/MXN fell 0.32% to 22.1055.

The US Dollar Index Futures was up 0.33% at 93.78.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPED7S129_M.jpg © Reuters.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.32%

– U.S. stocks were mixed after the close on Friday, as gains in the Telecoms, Oil&Gas and Utilities sectors led shares higher while losses in the Technology, Financials and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 0.32% to hit a new all time high, while the S&P 500 index declined 0.04%, and the NASDAQ Composite index declined 0.51%.

The best performers of the session on the Dow Jones Industrial Average were McDonald’s Corporation (NYSE:MCD), which rose 2.80% or 4.51 points to trade at 165.30 at the close. Meanwhile, Cisco Systems Inc (NASDAQ:CSCO) added 1.74% or 0.83 points to end at 48.56 and Chevron Corp (NYSE:CVX) was up 1.43% or 1.71 points to 121.13 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 1.14% or 0.54 points to trade at 46.66 at the close. Walt Disney Company (NYSE:DIS) declined 1.09% or 1.22 points to end at 110.40 and Apple Inc (NASDAQ:AAPL) was down 1.08% or 2.37 points to 217.66.

The top performers on the S&P 500 were IPG Photonics Corporation (NASDAQ:IPGP) which rose 4.17% to 169.34, American Airlines Group (NASDAQ:AAL) which was up 4.08% to settle at 43.60 and Under Armour Inc C (NYSE:UA) which gained 3.03% to close at 18.700.

The worst performers were Darden Restaurants Inc (NYSE:DRI) which was down 3.06% to 112.89 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 2.87% to settle at 44.74 and Chipotle Mexican Grill Inc (NYSE:CMG) which was down 2.65% to 467.37 at the close.

The top performers on the NASDAQ Composite were Cool Holdings Inc (NASDAQ:AWSM) which rose 80.95% to 19.000, Astrotech Corp (NASDAQ:ASTC) which was up 71.47% to settle at 5.590 and Netlist Inc (NASDAQ:NLST) which gained 49.12% to close at 0.650.

The worst performers were GTX Inc (NASDAQ:GTXI) which was down 92.27% to 1.8000 in late trade, Titan Pharmaceuticals Inc (NASDAQ:TTNP) which lost 56.67% to settle at 0.2167 and Bio Path Holdings Inc (NASDAQ:BPTH) which was down 36.46% to 0.610 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1518 to 1495 and 143 ended unchanged; on the Nasdaq Stock Exchange, 1458 fell and 1141 advanced, while 114 ended unchanged.

Shares in Cisco Systems Inc (NASDAQ:CSCO) rose to 5-year highs; gaining 1.74% or 0.83 to 48.56. Shares in Cool Holdings Inc (NASDAQ:AWSM) rose to 52-week highs; up 80.95% or 8.500 to 19.000. Shares in GTX Inc (NASDAQ:GTXI) fell to 3-years lows; down 92.27% or 21.4900 to 1.8000. Shares in Titan Pharmaceuticals Inc (NASDAQ:TTNP) fell to 5-year lows; down 56.67% or 0.2834 to 0.2167. Shares in Bio Path Holdings Inc (NASDAQ:BPTH) fell to 5-year lows; falling 36.46% or 0.350 to 0.610.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.03% to 11.56 a new 1-month low.

Gold Futures for December delivery was down 0.65% or 7.90 to $1203.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.74% or 0.52 to hit $70.84 a barrel, while the November Brent oil contract rose 0.06% or 0.05 to trade at $78.75 a barrel.

EUR/USD was down 0.20% to 1.1753, while USD/JPY rose 0.08% to 112.57.

The US Dollar Index Futures was up 0.33% at 93.78.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6M0LI_M.jpg © Reuters.

Canada stocks lower at close of trade; S&P/TSX Composite down 0.16%

– Canada stocks were lower after the close on Friday, as losses in the Healthcare, Clean Technology and Consumer Discretionary sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 0.16%.

The best performers of the session on the S&P/TSX Composite were AltaGas Ltd (TO:ALA), which rose 5.87% or 1.24 points to trade at 22.35 at the close. Meanwhile, Gibson Energy Inc . (TO:GEI) added 5.12% or 1.01 points to end at 20.75 and Uni-Select Inc. (TO:UNS) was up 4.97% or 1.05 points to 22.18 in late trade.

The worst performers of the session were Trican Well Service Ltd . (TO:TCW), which fell 6.17% or 0.150 points to trade at 2.280 at the close. Alacer Gold Corp (TO:ASR) declined 4.65% or 0.100 points to end at 2.050 and Sandstorm Gold Ltd . (TO:SSL) was down 4.24% or 0.210 points to 4.740.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 582 to 518 and 136 ended unchanged.

Shares in Trican Well Service Ltd. (TO:TCW) fell to 52-week lows; losing 6.17% or 0.150 to 2.280. Shares in Gibson Energy Inc. (TO:GEI) rose to 3-years highs; rising 5.12% or 1.01 to 20.75.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.01% to 12.78.

Gold Futures for December delivery was down 0.64% or 7.80 to $1203.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.74% or 0.52 to hit $70.84 a barrel, while the November Brent oil contract rose 0.06% or 0.05 to trade at $78.75 a barrel.

CAD/USD was down 0.13% to 0.7740, while CAD/EUR rose 0.06% to 0.6585.

The US Dollar Index Futures was up 0.33% at 93.78.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED0C0KP_M.jpg © Reuters.

Colombia stocks lower at close of trade; COLCAP down 0.19%

– Colombia stocks were lower after the close on Friday, as losses in the Financials, Investment and Industrials sectors led shares lower.

At the close in Colombia, the COLCAP declined 0.19%.

The best performers of the session on the COLCAP were Conconcret (CN:CIC), which rose 5.56% or 20.0 points to trade at 380.0 at the close. Meanwhile, Almacenes Exito SA (CN:IMI) added 6.21% or 900.0 points to end at 15400.0 and Interconnection Electric SA ESP (CN:ISA) was up 4.45% or 580.0 points to 13600.0 in late trade.

The worst performers of the session were Cementos Argos Pf (CN:CCB_p), which fell 3.95% or 260.0 points to trade at 6330.0 at the close. Pfgrupoarg (CN:ARG_p) declined 5.33% or 800.0 points to end at 14200.0 and Cemex Latam Holdings SA (CN:CLH) was down 2.96% or 170.0 points to 5580.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 16 to 15 and 2 ended unchanged.

Shares in Cementos Argos Pf (CN:CCB_p) fell to all time lows; losing 3.95% or 260.0 to 6330.0. Shares in Pfgrupoarg (CN:ARG_p) fell to 52-week lows; losing 5.33% or 800.0 to 14200.0.

US coffee C for December delivery was up 0.37% or 0.37 to $99.75 . Elsewhere in commodities trading, US cocoa for delivery in December fell 2.06% or 45.50 to hit $2160.50 , while the December Gold Futures contract fell 0.67% or 8.10 to trade at $1203.20 a troy ounce.

USD/COP was down 0.61% to 3003.45, while BRL/COP fell 0.01% to 741.65.

The US Dollar Index Futures was up 0.32% at 93.77.

]]> https://i-invdn-com.akamaized.net/news/Colombian_Securities_Exchange_M_1440056298.jpg

Crude Oil Prices Settle Higher After Report Triggers Output-Hike Scares

- WTI crude oil prices settled higher Friday, as traders cheered signs of tightening U.S. output, though sentiment was soured by a report suggesting major oil producers were ready to discuss plans to ramp up output.

On the New York Mercantile Exchange, crude futures for October delivery rose 46 cents to settle at $70.78 a barrel, while on London's Intercontinental Exchange, Brent gained 0.09% to trade at $78.77 a barrel.

Oilfield services firm Baker Hughes reported on Friday that the number of U.S. oil drilling rigs in operation rose by 1 to 866 this week.

The fall in rig counts, pointing to signs of tightening crude output, did little to calm fears that major oil producers would discuss ramping up output in a bid to offset an expected drop in Iranian crude exports as U.S. sanctions loom. OPEC and non-OPEC countries are set to gather at a meeting in Algiers over the weekend.

“There are discussions to increase production by another 500,000 (barrels a day) bpd. They (OPEC and non-OPEC) can increase output when they meet in December,” Reuters reported, citing a source.

President Donald Trump pulled the United States out of the Iran nuclear agreement in May, allowing sanctions against Iran to snap back into place. The first wave of sanctions went into effect last month and a second set of sanctions on Iran's crude exports are slated for early November.

Crude oil prices fell sharply on the report, but clawed back losses amid ongoing expectations that oil prices had further room to advance.

JPMorgan raised its fourth-quarter Brent forecast by $22 a barrel to $85 and fourth-quarter WTI forecast by $19.80 a barrel to $75.83.

Crude oil prices settled higher for the second week in row Friday, after wild ride, as oil prices came under attack following remarks from Trump on Thursday.

Trump demanded OPEC find a way slash oil prices just days after Saudi officials reportedly said they would be comfortable with oil prices above $80 a barrel.

Yet that did little to knock gains from earlier in the week following a bullish petroleum report.

Inventories of U.S. crude fell by 2.057 million barrels for the week ended Sept. 14, missing expectations for a draw of 2.74 million barrels, the Energy Information Administration (EIA) said on Wednesday.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEBA20ZO_M.jpg © Reuters.

Dollar Higher as Sterling Slumps on Brexit Woes

- The dollar rose against its rivals on Friday, as investors reined in appetite for emerging-market currencies, while the pound racked up losses as the UK and EU reached an "impasse," on a post-Brexit deal.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.40% to 93.84.

UK Prime Minister Theresa May criticized the EU for rejecting her post-Brexit plans, citing it "unacceptable," particularly as the bloc failed to put forward alternative proposals.

May further claimed that the UK and EU were at an "impasse,” denting optimism for a post-Brexit deal agreement following recent reports that the EU were set to adopt a warmer approach to Brexit talks.

GBP/USD fell 1.41% to $1.3075, eroding most of the week's gain as the pair looks set to end the week roughly flat.

The dollar was also supported by profit-taking on emerging-market currencies like the South African rand and Turkish lira, both of which have enjoyed sharp gains on the back of improving sentiment in developing economies.

Turkey unveiled a new economic program earlier this week to reduce its current account deficit, while South Africa's central bank stood pat on interest rates Thursday.

Elsewhere, EUR/USD fell 0.29% to $1.1743 on weaker-than-expected eurozone manufacturing data. The single currency was set, however, to post a second-straight weekly gain ahead of an important week, as the Italian government is slated to release its budget on Thursday.

USD/CAD rose 0.11% to C$1.2917 amid doubts over a successful outcome on U.S.-Canada talks after White House Economic Adviser Hassett reportedly said U.S.was nearing a deal on NAFTA with Mexico, but not Canada.

Analysts said the loonie would likely continue to trade around current levels as Canadian core inflation remains subdued.

"Unless we see a major uptick in core inflation dynamics, then we think markets are adequately pricing in only one further Bank of Canada rate hike in 2018," ING said.

USD/JPY rose 0.08% to Y112.57. The pair is likely to continue to strengthen, supported by rising U.S. treasury bond yields, Saxo Bank said.

"Rising U.S. long yields in an environment of strong risk appetite are driving the losses in the yen," said John J Hardy, head of forex strategy at Saxo Bank

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5N005_M.jpg © Reuters.

Nigeria stocks higher at close of trade; NSE 30 up 0.61%

– Nigeria stocks were higher after the close on Friday, as gains in the Food, Beverages&Tobacco, Oil&Gas and Banking sectors led shares higher.

At the close in Lagos, the NSE 30 added 0.61%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 8.84% or 3.80 points to trade at 46.80 at the close. Meanwhile, Pz Cussons LG (LAGOS:PZ) added 8.00% or 1.00 points to end at 13.50 and Uacn Prop (LAGOS:UACN) was up 6.31% or 0.70 points to 11.80 in late trade.

The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 9.48% or 0.55 points to trade at 5.25 at the close. Wemabank (LAGOS:WEMABAN) declined 5.00% or 0.030 points to end at 0.570 and Total Nig (LAGOS:TOTAL) was down 4.06% or 7.70 points to 182.00.

Rising stocks outnumbered declining ones on the Lagos by 46 to 44 and 16 ended unchanged.

Crude oil for November delivery was up 1.17% or 0.82 to $71.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.33% or 0.26 to hit $78.96 a barrel, while the December Gold Futures contract fell 0.69% or 8.40 to trade at $1202.90 a troy ounce.

EUR/NGN was up 0.35% to 426.960, while USD/NGN unchanged 0.00% to 362.500.

The US Dollar Index Futures was up 0.37% at 93.82.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7D094_M.jpg © Reuters.

Morocco stocks lower at close of trade; Moroccan All Shares down 0.02%

– Morocco stocks were lower after the close on Friday, as losses in the Invest Companies&Other Finance, Food Producers&Processors and Holding Companies sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.02%.

The best performers of the session on the Moroccan All Shares were Alliances (CS:ADI), which rose 6.03% or 6 points to trade at 100 at the close. Meanwhile, Colorado (CS:COL) added 4.27% or 2.99 points to end at 72.99 and Agma Lahlou-Tazi (CS:AGMA) was up 3.46% or 97 points to 2900 in late trade.

The worst performers of the session were Salafin (CS:SLF), which fell 8.57% or 90 points to trade at 960 at the close. Jet Contractors (CS:JET) declined 7.41% or 25.65 points to end at 320.35 and SMI (CS:SMI) was down 5.63% or 90 points to 1510.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 21 to 16 and 10 ended unchanged.

Shares in SMI (CS:SMI) fell to 5-year lows; losing 5.63% or 90 to 1510.

Crude oil for November delivery was up 1.48% or 1.04 to $71.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.41% or 0.32 to hit $79.02 a barrel, while the December Gold Futures contract fell 0.72% or 8.70 to trade at $1202.60 a troy ounce.

EUR/MAD was down 0.08% to 10.9980, while USD/MAD rose 0.22% to 9.3655.

The US Dollar Index Futures was up 0.39% at 93.83.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAB20I9_M.jpg © Reuters.

Russia stocks higher at close of trade; MOEX Russia up 1.08%

– Russia stocks were higher after the close on Friday, as gains in the Telecoms, Mining and Oil&Gas sectors led shares higher.

At the close in Moscow, the MOEX Russia gained 1.08% to hit a new all time high.

The best performers of the session on the MOEX Russia were Surgut-pref (MCX:SNGS_p), which rose 3.76% or 1.400 points to trade at 38.600 at the close. Meanwhile, AFK Sistema (MCX:AFKS) added 3.62% or 0.315 points to end at 9.010 and Trubnaya Metallurgicheskaya Kompaniya OAO (MCX:TRMK) was up 3.42% or 2.35 points to 71.15 in late trade.

The worst performers of the session were SG mechel (MCX:MTLR), which fell 5.17% or 5.70 points to trade at 104.60 at the close. PhosAgro ao (MCX:PHOR) declined 3.23% or 87.0 points to end at 2603.0 and Safmar Finansovye Investitsii PAO (MCX:SFIN) was down 2.05% or 15.4 points to 734.6.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 118 to 87 and 20 ended unchanged.

Shares in Surgut-pref (MCX:SNGS_p) rose to 52-week highs; rising 3.76% or 1.400 to 38.600.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was down 0.12% to 24.760.

Gold Futures for December delivery was down 0.77% or 9.30 to $1202.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.01% or 0.71 to hit $71.03 a barrel, while the November Brent oil contract rose 0.03% or 0.02 to trade at $78.72 a barrel.

USD/RUB was up 0.44% to 66.5619, while EUR/RUB rose 0.15% to 78.1600.

The US Dollar Index Futures was up 0.39% at 93.83.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB2C07X_M.jpg © Reuters.

Netherlands stocks higher at close of trade; AEX up 0.43%

– Netherlands stocks were higher after the close on Friday, as gains in the Telecoms, Oil&Gas and Consumer Goods sectors led shares higher.

At the close in Amsterdam, the AEX added 0.43%.

The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 2.51% or 0.06 points to trade at 2.29 at the close. Meanwhile, Koninklijke Ahold Delhaize NV (AS:AD) added 2.04% or 0.386 points to end at 19.318 and Aalberts Industries NV (AS:AALB) was up 1.89% or 0.70 points to 37.70 in late trade.

The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell 2.07% or 3.66 points to trade at 172.80 at the close. Galapagos NV (AS:GLPG) declined 1.10% or 1.080 points to end at 96.760 and Randstad NV (AS:RAND) was down 0.99% or 0.48 points to 48.02.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 68 to 51 and 17 ended unchanged.

Shares in Randstad NV (AS:RAND) fell to 52-week lows; falling 0.99% or 0.48 to 48.02.

The AEX Volatility, which measures the implied volatility of AEX options, was down 4.35% to 11.41.

Crude oil for November delivery was up 1.01% or 0.71 to $71.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.03% or 0.02 to hit $78.72 a barrel, while the December Gold Futures contract fell 0.76% or 9.20 to trade at $1202.10 a troy ounce.

EUR/USD was down 0.29% to 1.1743, while EUR/GBP rose 1.18% to 0.8980.

The US Dollar Index Futures was up 0.39% at 93.83.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB5S0BB_M.jpg © Reuters.

Spain stocks higher at close of trade; IBEX 35 up 0.07%

– Spain stocks were higher after the close on Friday, as gains in the Consumer Services, Consumer Goods and Building&Construction sectors led shares higher.

At the close in Madrid, the IBEX 35 rose 0.07%.

The best performers of the session on the IBEX 35 were Aena SME SA (MC:AENA), which rose 3.26% or 4.75 points to trade at 150.45 at the close. Meanwhile, ACS Actividades de Construccion y Servicios SA (MC:ACS) added 2.80% or 1.030 points to end at 37.830 and Mediaset ESP (MC:TL5) was up 2.40% or 0.156 points to 6.666 in late trade.

The worst performers of the session were Caixabank SA (MC:CABK), which fell 3.60% or 0.150 points to trade at 4.020 at the close. Viscofan (MC:VIS) declined 3.34% or 2.150 points to end at 62.300 and Indra A (MC:IDR) was down 3.19% or 0.315 points to 9.565.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 90 to 88 and 22 ended unchanged.

Shares in ACS Actividades de Construccion y Servicios SA (MC:ACS) rose to 5-year highs; rising 2.80% or 1.030 to 37.830.

Gold Futures for December delivery was down 0.76% or 9.20 to $1202.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.97% or 0.68 to hit $71.00 a barrel, while the November Brent oil contract rose 0.06% or 0.05 to trade at $78.75 a barrel.

EUR/USD was down 0.28% to 1.1744, while EUR/GBP rose 1.19% to 0.8981.

The US Dollar Index Futures was up 0.37% at 93.82.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB680B3_M.jpg © Reuters.

Finland stocks higher at close of trade; OMX Helsinki 25 up 0.94%

– Finland stocks were higher after the close on Friday, as gains in the Financials, Basic Materials and Technology sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 rose 0.94%.

The best performers of the session on the OMX Helsinki 25 were Stora Enso Oyj R (HE:STERV), which rose 3.58% or 0.565 points to trade at 16.330 at the close. Meanwhile, DNA Oyj (HE:DNAO) added 2.64% or 0.5000 points to end at 19.4600 and Outotec Oyj (HE:OTE1V) was up 2.06% or 0.118 points to 5.840 in late trade.

The worst performers of the session were Amer Sports Corporation (HE:AMEAS), which fell 2.14% or 0.76 points to trade at 34.78 at the close. Metso Oyj (HE:METSO) declined 0.70% or 0.21 points to end at 29.70 and Outokumpu Oyj (HE:OUT1V) was down 0.45% or 0.0240 points to 5.2940.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 83 to 56 and 22 ended unchanged.

Brent oil for November delivery was up 0.23% or 0.18 to $78.88 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.08% or 0.76 to hit $71.08 a barrel, while the December Gold Futures contract fell 0.79% or 9.60 to trade at $1201.70 a troy ounce.

EUR/USD was down 0.31% to 1.1741, while EUR/GBP rose 1.19% to 0.8981.

The US Dollar Index Futures was up 0.42% at 93.86.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEDAF0IH_M.jpg © Reuters.

Germany stocks mixed at close of trade; DAX up 0.85%

– Germany stocks were mixed after the close on Friday, as gains in the Software, Utilities and Insurance sectors led shares higher while losses in the Food&Beverages, Technology and Retail sectors led shares lower.

At the close in Frankfurt, the DAX rose 0.85%, while the MDAX index climbed 0.07%, and the TecDAX index fell 0.28%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.64% or 0.316 points to trade at 8.992 at the close. Meanwhile, SAP SE (DE:SAPG) added 2.42% or 2.460 points to end at 104.100 and BASF SE NA O.N. (DE:BASFN) was up 1.63% or 1.310 points to 81.630 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 1.37% or 0.280 points to trade at 20.100 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 1.20% or 1.060 points to end at 86.920 and Covestro AG (DE:1COV) was down 1.12% or 0.820 points to 72.420.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 4.33% to 56.36, Metro Wholesale&Food Specialist AG (DE:B4B) which was up 2.34% to settle at 14.0050 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which gained 2.33% to close at 33.400.

The worst performers were Osram Licht AG (DE:OSRn) which was down 2.27% to 38.32 in late trade, Hugo Boss AG NA O.N. (DE:BOSSn) which lost 1.96% to settle at 66.040 and Fielmann AG (DE:FIEG) which was down 1.82% to 53.950 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 3.68% to 42.840, SMA Solar Technology AG (DE:S92G) which was up 2.23% to settle at 30.320 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 1.43% to close at 3.545.

The worst performers were Isra Vision O.N. (DE:ISRG) which was down 2.81% to 45.00 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 2.51% to settle at 124.300 and S&T AG (DE:SANT1) which was down 2.47% to 25.26 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 407 to 304 and 70 ended unchanged.

Shares in Hugo Boss AG NA O.N. (DE:BOSSn) fell to 52-week lows; down 1.96% or 1.320 to 66.040.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.39% to 13.44 a new 3-months low.

Gold Futures for December delivery was down 0.78% or 9.40 to $1201.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.94% or 0.66 to hit $70.98 a barrel, while the November Brent oil contract rose 0.24% or 0.19 to trade at $78.89 a barrel.

EUR/USD was down 0.30% to 1.1742, while EUR/GBP rose 1.22% to 0.8983.

The US Dollar Index Futures was up 0.41% at 93.85.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7Q0CQ_M.jpg © Reuters.

Poland stocks lower at close of trade; WIG30 down 0.04%

– Poland stocks were lower after the close on Friday, as losses in the Banking, Chemicals and Developers sectors led shares lower.

At the close in Warsaw, the WIG30 lost 0.04%.

The best performers of the session on the WIG30 were PKP Cargo (WA:PKPP), which rose 4.47% or 2.05 points to trade at 47.90 at the close. Meanwhile, KGHM Polska Miedz SA (WA:KGH) added 2.64% or 2.31 points to end at 89.97 and CCC SA (WA:CCCP) was up 2.18% or 4.80 points to 224.60 in late trade.

The worst performers of the session were Energa SA (WA:ENGP), which fell 2.81% or 0.22 points to trade at 7.61 at the close. Eurocash SA (WA:EUR) declined 2.54% or 0.50 points to end at 19.20 and Enea SA (WA:ENAE) was down 2.47% or 0.19 points to 7.51.

Rising stocks outnumbered declining ones on the Warsaw Stock Exchange by 218 to 201 and 203 ended unchanged.

Crude oil for November delivery was up 0.46% or 0.32 to $70.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.14% or 0.11 to hit $78.81 a barrel, while the December Gold Futures contract fell 0.83% or 10.00 to trade at $1201.30 a troy ounce.

EUR/PLN was up 0.29% to 4.3031, while USD/PLN rose 0.61% to 3.6655.

The US Dollar Index Futures was up 0.41% at 93.85.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC4K03N_M.jpg © Reuters.

Turkey stocks higher at close of trade; BIST 100 up 1.94%

– Turkey stocks were higher after the close on Friday, as gains in the Chemical, Petroleum&Plastic, Wood, Paper&Printing and Banking sectors led shares higher.

At the close in Istanbul, the BIST 100 rose 1.94% to hit a new 1-month high.

The best performers of the session on the BIST 100 were Turkiye Petrol Rafinerileri AS (IS:TUPRS), which rose 5.60% or 7.20 points to trade at 135.70 at the close. Meanwhile, Tumosan Motor ve Traktor Sanayi AS (IS:TMSN) added 4.58% or 0.220 points to end at 5.020 and Gozde Girisim Sermayesi Yatirim Ortakligi AS (IS:GOZDE) was up 4.00% or 0.100 points to 2.600 in late trade.

The worst performers of the session were Anadolu Efes Biracilik ve Malt Sanayi AS (IS:AEFES), which fell 2.56% or 0.58 points to trade at 22.08 at the close. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IS:IPEKE) declined 2.35% or 0.120 points to end at 4.990 and Koza Anadolu Metal Madencilik Isletmeleri AS (IS:KOZAA) was down 1.98% or 0.120 points to 5.930.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 245 to 97 and 66 ended unchanged.

Shares in Turkiye Petrol Rafinerileri AS (IS:TUPRS) rose to all time highs; gaining 5.60% or 7.20 to 135.70.

Gold Futures for December delivery was down 0.83% or 10.00 to $1201.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.33% or 0.23 to hit $70.55 a barrel, while the November Brent oil contract rose 0.03% or 0.02 to trade at $78.72 a barrel.

USD/TRY was up 1.23% to 6.2765, while EUR/TRY rose 0.80% to 7.3731.

The US Dollar Index Futures was up 0.43% at 93.87.

]]> https://i-invdn-com.akamaized.net/news/Istanbul_Stock_Exchange_M_1440056258.jpg

AT&T Leads Telecom Stocks Up Midday; Banks Struggle

- AT&T (NYSE:T) led telecom stocks higher in midday trading, while financial stocks retreated on the last day of a strong week.

AT&T rose about 2% at 12:00 PM ET (16:00 GMT).

The stock was boosted by an upgrade from UBS, which raised the stock to buy from neutral, according to published reports. UBS raised its price target to $38 from $33 and said the company should return to growth in earnings before interest, taxation, depreciation and amortization (EBITDA) in the second half.

Sentiment was also buoyed by the company after it asked a federal appeals court to reject the Justice Department’s challenge of its acquisition of Time Warner.

AT&T was one of several strong performers in the S&P Telecom Sector index, which was up about 1.5%.

With bond yields retreating today, telecoms tend to outperform as their dividends become more attractive.

But there is an argument that AT&T will diverge from that sector when, as expected, the Time Warner deal goes through and that it will be looked on as more of a content and tech play.

The rise in bonds and corresponding retreat in yields also impacted the financial stocks, which are down but still on track for a strong week.

The S&P Financial Sector index, which hit levels not seen since the first quarter recently, was down about 0.2%.

Moody's (NYSE:MCO) was the biggest loser in the index, falling about 2%.

]]> https://i-invdn-com.akamaized.net/news/AtandT_M_1440048403.jpg

U.S. Dollar Rallies; Sterling Slumps on Brexit Worries

- The U.S. dollar rallied against other currencies on Friday, while the pound continued to fall amid Brexit woes.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.40% to 93.84 as of 11:46 AM ET (15:46 GMT).

Earlier in the week China said it will impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. The new tariffs are in response to U.S. tariffs on Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Elsewhere, the dollar rose against the safe-haven yen, with USD/JPY up 0.11% to 112.60 despite Japan’s inflation data coming in at an unexpected seven-month high.

Sterling fell to an intraday low after Prime Minister Theresa May said that the UK and European Union were at an impasse in Brexit negotiations, bringing fresh fears of a no-deal Brexit. May said talks stalled after the EU rejected the UK’s proposals without offering an alternative.

EU countries and the UK Parliament must approve any agreement prior to the March 29 official exit date.

GBP/USD fell 1.43% to 1.3071.

EUR/USD dipped 0.29% to 1.1742 due to a higher dollar and data that showed the eurozone manufacturing PMI came in lower than expected.

The Australian dollar was lower, with AUD/USD down 0.16% to 0.7280. Meanwhile NZD/USD jumped 1.04% to 0.6679 after Moody's reaffirmed the country’s AAA rating.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5T0DN_M.jpg © Reuters.

Stellar Lumens Jumps 20.21% In Rally

- Stellar Lumens was trading at $0.26561 by 10:26 (14:26 GMT) on the Index on Friday, up 20.21% on the day. It was the largest one-day percentage gain since January 3.

The move upwards pushed Stellar Lumens's market cap up to $4.92B, or 2.19% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.23071 to $0.26705 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 30.06%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $154.88M or 0.78% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.26705 in the past 7 days.

At its current price, Stellar Lumens is still down 71.13% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,733.5 on the Index, up 4.73% on the day.

XRP was trading at $0.61959 on the Index, a gain of 41.14%.

Bitcoin's market cap was last at $116.11B or 51.68% of the total cryptocurrency market cap, while XRP's market cap totaled $24.35B or 10.84% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA74100_M.jpg © Reuters.

Stocks - Wall Street Opens at Record Highs Despite Trade War Warnings

- Wall Street opened at record highs Friday, despite chipmakers and other producers warning that the White House’s trade war with China could cut into their margins.

The S&P 500 rose 5 points, or 0.19%, to 2,938.11 as of 10:08 AM ET (14:08 GMT), while the Dow increased 45 points, or 0.17%, to 26,702.90 and the tech-heavy Nasdaq Composite was up 13 points, or 0.17%, to 8,042.10.

Semiconductor maker Micron (NASDAQ:MU) warned on Thursday that the company's gross margins will suffer due to tariffs between the U.S. and China. Meanwhile, retailer Walmart (NYSE:WMT) warned that it may have to increase prices due to the tariffs. Micron fell 2.87%, while Walmart inched up 0.25%.

Trade tensions escalated this week, as China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24, while the U.S. imposed a 10% tariff on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Meanwhile, Advanced Micro Devices (NASDAQ:AMD) rose 1.11%, while AT&T (NYSE:T) gained 1.73% and Netflix (NASDAQ:NFLX) increased 1.17%.

Medical marijuana company Tilray (NASDAQ:TLRY) slumped 28.69%, while Facebook (NASDAQ:FB) inched down 0.09% and Tesla (NASDAQ:TSLA) fell 0.23% after reports that the luxury carmaker is losing another executive.

In Europe stocks were up. Germany’s DAX rose 67 points, or 0.55%,while in France the CAC 40 increased 40 points, or 0.75%, and in London the FTSE 100 was up 118 points, or 1.61%. Meanwhile the pan-European Euro Stoxx 50 gained 19 points, or 0.58%, while Spain’s IBEX 35 fell 12 points, or 0.13%.

In commodities, gold futures inched down 0.75% to $1,202.20 a troy ounce, while crude oil futures jumped 1.21% to $71.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.37% to 93.82.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7S0VT_M.jpg © Reuters.

U.S. Business Activity Slows to 17-month Low in September

- U.S. private sector activity slowed to a 17-month low in September, according to survey data released on Friday.

IHS Markit’s composite output index, which measures the combined output of both the manufacturing and service sectors, fell to 53.4 this month from 54.7 in August.

The services purchasing managers’ index came in at 52.9 this month, down from 54.8 in August.

Economists had forecast the index to slip only to 55.0.

However, the manufacturing PMI rose to 55.6 in September, compared to 54.7 a month earlier.

Analysts had expected a reading of just 55.0.

“With storms hitting the east coast, it was no surprise to see some disappointing survey data in September, with the flash PMI indicating that the pace of economic growth slipped to its lowest for almost one-and-a-half years,” IHS Markit chief business economist Chris Williamson said.

Despite the slowdown, this expert considered business activity to remain “encouragingly resilient” and estimated that the data implied third-quarter growth of about 3%.

Williamson pointed to an acceleration in new order growth and an increase in backlogs of work due to weather-related disruptions and said that “underlying demand remains robust and that there’s an accumulation of work that will roll over into stronger economic growth in coming months.”

He also noted that the upturn in hiring suggested that nonfarm payroll creation could top 200,000 in September.

On the downside, Williamson pointed to the fact that prices charged spiked higher, rising at the steepest rate seen for at least nine years.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAB00RB_M.jpg © Reuters.

Bitcoin Surges as Switzerland Helps Crypto Companies Open Bank Accounts

- Cryptocurrencies were higher on Friday as Switzerland took steps to help blockchain companies get access to traditional banking services.

Bitcoin surged 4.65% to $6,736.50 on the Bitfinex exchange, as of 9:23 AM ET (13:23 GMT).

Cryptocurrencies overall were much higher, with the coin market cap of total market capitalization at $222 billion at the time of writing compared to $200 billion on Thursday.

Ethereum,or Ether, the second-biggest alternative currency by market cap, rose 7.39% to $228.60. XRP, the third-largest virtual currency, surged 33.75% to $0.56225 and Litecoin was at $58.254, up 6.05%.

The Swiss Bankers Association (SBA) issued guidelines to help banks create accounts for digital currency companies. The country has been facing an exodus of blockchain projects, as companies leave due to the difficulty of getting access to basic banking business needs.

"We believe that with these guidelines, we'll be able to establish a basis for discussion between banks and innovative startups, making the dialogue simpler and facilitating the opening of accounts," SBA strategic adviser Adrian Schatzmann said at a news conference.

According to the Crypto Valley Association, around 530 blockchain startups have settled in Switzerland's Crypto Valley hub around Zurich and Zug.

In other news, the company behind the Hong Kong stock exchange could invest in new technology like blockchain, Bloomberg reported.

HKEX CEO Charles Li is thinking about acquiring companies in the data, blockchain and analytics sectors and has already met with investment banks to negotiate.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEBBM0M5_M.jpg © Reuters.

Canadian Retail Sales Rise by 0.3% in July

- Canadian retail sales rose 0.3% in July, Statistics Canada said on Friday.

This was compared to a revised decline of 0.1% in the previous month.

Economists had forecast a reading of 0.4%.

Statistics Canada noted that the increase was due to higher sales at food and beverage stores and gasoline stations.

"Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%," the report said.

Sales were up in 8 of 11 subsectors, representing 54.8% of total retail sales.

After removing the effects of price changes, retail sales in volume terms decreased 0.1%.

Core retail sales, which excludes automobiles, rose 0.9% in July, compared to forecasts for an increase of 0.6%.

They had gained 0.1% in June in an upward revision from an initial 0.1% decline.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB4R096_M.jpg © Reuters.

XRP Climbs 24.86% As Investors Gain Confidence

- XRP was trading at $0.48034 by 07:08 (11:08 GMT) on the Index on Friday, up 24.86% on the day. It was the largest one-day percentage gain since September 20.

The move upwards pushed XRP's market cap up to $18.79B, or 8.60% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.42868 to $0.48035 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 69.31%. The volume of XRP traded in the twenty-four hours to time of writing was $1.86B or 10.35% of the total volume of all cryptocurrencies. It has traded in a range of $0.26706 to $0.48648 in the past 7 days.

At its current price, XRP is still down 85.40% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,710.3 on the Index, up 4.26% on the day.

Ethereum was trading at $226.57 on the Index, a gain of 6.22%.

Bitcoin's market cap was last at $115.81B or 53.00% of the total cryptocurrency market cap, while Ethereum's market cap totaled $23.10B or 10.57% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED9A0RJ-ORUBS_M.jpg © Reuters.

Stocks- U.S. Futures Increase as Investors Shrug Off Trade Tension

– U.S. futures pointed to a higher opening bell on Friday as trade worry eased.

The S&P 500 futures rose over half a point or 0.03% to 2,940.25 as of 6:51 AM ET (10:51 GMT) while Dow futures gained 34 points, or 0.13%, to 26,761.0. Meanwhile tech heavy Nasdaq 100 futures increased 4 points, or 0.06%, to 7,613.00.

Trade tensions eased but remained in the back of investors minds as tit-for-tat tariffs escalated between the U.S. and China this week. On Tuesday China said it would impose new tariffs on U.S. goods worth $60 billion, effective September 24, while the U.S. imposed a 10% tariff on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Chinese e-commerce firm Jd.Com Inc Adr (NASDAQ:JD) was among the top gainers in premarket trading, rising 1.93% while Alibaba (NYSE:BABA) surged 2.01%. General Electric (NYSE:GE) inched up 0.48% while Microsoft (NASDAQ:MSFT) gained 0.20% and Facebook (NASDAQ:FB) inched up 0.29%.

Elsewhere medical marijuana firm Tilray Inc (NASDAQ:TLRY) slumped 8.14% while semiconductor Micron Technology Inc (NASDAQ:MU) fell 5.45% after its chief financial officer said the companies gross margins will suffer due to tariffs between the U.S. and China. Tesla (NASDAQ:TSLA) was down 0.38% after reports that the luxury carmaker is losing another executive.

In economic news, the IHS Markit will release its measure of U.S. manufacturing and services activity at 9:45 AM ET (13:45 GMT).

In Europe stocks were up. Germany’s DAX rose 92 points or 0.75% while in France the CAC 40 was up 43 points or 0.79% and in London the FTSE 100 increased 74 points or 1.02%. Meanwhile the pan-European Euro Stoxx 50 gained 23 points or 0.70% while Spain’s IBEX 35 inched up 20 points or 0.22%.

In commodities, gold futures fell 0.12% to $1,209.90 a troy ounce while crude oil futures gained 0.68% to $70.80 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, rose 0.14% to 93.60.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA610O1_M.jpg © Reuters.

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.29%

– Sri Lanka stocks were lower after the close on Friday, as losses in the Palm Oil, Construction&Engineering and Information Technology sectors led shares lower.

At the close in Colombo, the CSE All-Share declined 0.29% to hit a new 52-week low.

The best performers of the session on the CSE All-Share were SMB Leasing PLC (CM:SEMB), which rose 25.00% or 0.1000 points to trade at 0.5000 at the close. Meanwhile, Tess Agro PLC (CM:TESS) unchanged 0.00% or 0.000 points to end at 0.500 and Galadari Hotels Lanka PLC (CM:GHLL) was up 15.94% or 1.10 points to 8.00 in late trade.

The worst performers of the session were Good Hope PLC (CM:GOOD), which fell 22.77% or 266.90 points to trade at 905.10 at the close. Colombo Investment Trust PLC (CM:CIT) declined 12.92% or 8.90 points to end at 60.00 and Nuwara Eliya Hotels Co PLC (CM:NEH) was down 10.89% or 110.00 points to 900.00.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 92 to 87 and 47 ended unchanged.

Shares in Tess Agro PLC (CM:TESS) unchanged to 5-year lows; unchanged 0.00% or 0.000 to 0.500. Shares in Nuwara Eliya Hotels Co PLC (CM:NEH) fell to 5-year lows; falling 10.89% or 110.00 to 900.00.

Crude oil for November delivery was up 0.68% or 0.48 to $70.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.97% or 0.76 to hit $79.46 a barrel, while the December Gold Futures contract fell 0.13% or 1.60 to trade at $1209.70 a troy ounce.

GBP/LKR was down 0.55% to 222.180, while USD/LKR fell 0.21% to 168.420.

The US Dollar Index Futures was up 0.15% at 93.61.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB2C0AG_M.jpg © Reuters.

Top 5 Things to Know in the Market on Friday

- Here are the top five things you need to know in financial markets on Friday, September 21:

1. U.S. futures point to another record high

As surging tech stocks and fading concerns about trade pushed the Dow to a record close a day earlier, U.S. futures pointed to a continuation of the upward trend. At 5:55 AM ET (9:55 GMT), the blue-chip Dow futures rose 40 points, or 0.15%, S&P 500 futures gained 2 points, or 0.07%, while the Nasdaq 100 futures traded up 10 points, or 0.13%.

Elsewhere, European shares rose strongly nearing midday trade on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs. The benchmark Euro Stoxx 50 gained 0.7%.

Earlier, Asian stocks were boosted by the positive performance in New York. Japan’s Nikkei 225 rose 0.9%, while China’s Shanghai Composite soared 2.5%.

2. U.S. private sector activity expected to improve

Although the calendar is relatively empty, investors will still get some economic data shortly after the opening bell.

IHS Markit will release its measure of U.S. manufacturing and services activity at 9:45 AM ET (13:45 GMT).

Economists expect that the preliminary September manufacturing PMI rose to 55.0 from the month before, with the services PMI also edging up to 55.0.

3. Dollar struggles near 3-month low

While waiting for the data, the dollar pulled off a three-month low hit earlier on Friday.

At 5:56AM ET (9:56 GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, gained 0.10% at 93.56, pulling off 93.39 hit overnight, its lowest level since June 14.

The index has fallen more than 1% this week, with investor flows being diverted from the greenback to other currencies including emerging market ones amid an ebb in U.S.-China trade war concerns.

Traders already have one eye on the Federal Reserve policy meeting next week.

While a rate hike is a foregone conclusion, markets will watch the Fed’s economic projections to see its forecasts for interest rates, particularly in 2019.

4. Oil heads higher ahead of OPEC meeting, U.S. rig count

Oil traded higher on Friday as investors looked ahead to a meeting of the Organization of Petroleum Exporting Countries and the latest weekly measure of U.S. drilling activity.

U.S. crude oil futures gained 0.65% to $70.78 by 5:57 AM ET (9:57 GMT), while Brent oil traded up 0.91% to $79.42.

OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset a shortage of Iran supplies due to U.S. sanctions.

At 1:00 PM ET (17:00 GMT) Friday, Baker Hughes will release its U.S. rig count, an early indicator of future output.

It rose by 7 to 867 last week, hovering near its highest levels since March 2015.

5. Pound drops amid renewed fears of no-deal Brexit

The pound headed lower against the dollar on Friday, pulling away from a two-month high as concerns resurfaced that the UK will exit the European Union without a deal.

EU leaders rejected UK Prime Minister Theresa May’s plan for leaving the economic bloc and warned that time was running short.

Sterling was still on track for a second consecutive weekly gain as positive inflation and retail sales data had boosted the currency.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC2H1JT_M.jpg © Reuters.

Crude Oil Prices Higher on Supply Worry, as Trump Asks OPEC to Lower Prices

- Oil prices were slightly higher on Friday, as supply concerns weighed on investors but was kept down after U.S. President Donald Trump asked the Organization of the Petroleum Exporting Countries and Russia to lower prices.

West Texas Crude oil futures for November rose 0.65% to $70.78 a barrel as of 4:48 AM ET (8:48 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.84% to $79.36.

On Thursday Trump asked OPEC to keep prices lower, tweeting, “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!”

This is the second time that Trump has asked the organization on Twitter to decrease prices.

OPEC and non-OPEC members, including Russia, are set to meet on Sunday in Algeria to talk about sharing supply increases to offset a shortfall of Iranian exports due to U.S. sanctions that will take effect in November.

Prices of oil have been driven higher in recent months as investors anticipate pressure from the sanctions against Iran. The sanctions, which are expected to go into effect on November 4, have already caused Iran’s crude exports to fall.

Investors were also looking ahead to weekly data on the oil rig count, which comes out later in the session.

In other energy trading, Gasoline RBOB Futures rose 0.89% at $2.0324 a gallon, while heating oil increased 0.90% to $2.2481 a gallon. Natural gas futures slipped 0.74% to $2.954 per million British thermal units.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAB10O6_M.jpg © Reuters.

Philippines stocks higher at close of trade; PSEi Composite up 3.48%

– Philippines stocks were higher after the close on Friday, as gains in the Banking&Financials, Property and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 3.48%.

The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 7.58% or 8.50 points to trade at 120.60 at the close. Meanwhile, Alliance Global Group Inc (PS:AGI) added 7.44% or 0.900 points to end at 13.000 and Aboitiz Equity Ventures Inc (PS:AEV) was up 6.35% or 2.800 points to 46.900 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 3.69% or 0.720 points to trade at 18.780 at the close. Metro Pacific Investments Corp (PS:MPI) declined 1.60% or 0.080 points to end at 4.920 and LT Group Inc (PS:LTG) was down 1.57% or 0.240 points to 15.000.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 115 to 84 and 42 ended unchanged.

Shares in LT Group Inc (PS:LTG) fell to 52-week lows; down 1.57% or 0.240 to 15.000.

Gold Futures for December delivery was up 0.13% or 1.60 to $1212.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.68% or 0.48 to hit $70.80 a barrel, while the November Brent oil contract rose 0.84% or 0.66 to trade at $79.36 a barrel.

CNY/PHP was up 0.10% to 7.8990, while USD/PHP fell 0.05% to 54.026.

The US Dollar Index Futures was up 0.04% at 93.51.

]]> https://i-invdn-com.akamaized.net/news/manila_phillipnes_M_1440051502.jpg

Euro zone Private Sector Slows in September: PMI

– Euro zone private sector activity slowed in September, according to survey data released on Friday.

The preliminary reading of the IHS Markit services purchasing managers’ index came in at 54.7 this month from 54.4 in August.

Economists had forecast a reading of 54.4.

The manufacturing PMI fell to 53.3 compared to expectations for 54.4 and from 54.6 a month earlier.

The composite output index, which measures the combined output of both the manufacturing and service sectors fell to 54.2 from 54.5, against expectations for 54.4.

A reading above 50.0 on the index indicates industry expansion, below indicates contraction

The report highlighted that euro zone business activity grew in September at the second-weakest rate since late-2016, as manufacturing growth was subdued by export orders stagnating for the first time in over five years.

“Trade wars, Brexit, waning global demand (notably in the auto industry), growing risk aversion, destocking and rising political uncertainty both within the Eurozone and further afield all fueled the slowdown in business activity,” IHS Markit chief economist Chris Williamson said.

Thanks to activity in the service sector, Williamson predicts that the euro area economy will grow 0.5% in the third quarter.

“However, with new orders and backlogs of work rising at much reduced rates compared to earlier in the year, export growth evaporating and future expectations remaining close to two-year lows, the risks to future growth appear tilted to the downside,” Williamson concluded.

]]> https://i-invdn-com.akamaized.net/news/75debcd310a59ab81d09770fbdeef87f_M.jpg © Reuters.

China stocks higher at close of trade; Shanghai Composite up 2.50%

– China stocks were higher after the close on Friday, as gains in the Travel&Leisure, Real Estate Investments&Services and Banking sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 2.50% to hit a new 1-month high, while the SZSE Component index climbed 2.13%.

The best performers of the session on the Shanghai Composite were Shenzhen Geoway Co Ltd (SS:600462), which rose 10.10% or 0.300 points to trade at 3.270 at the close. Meanwhile, Air China Ltd Class A (SS:601111) added 10.05% or 0.760 points to end at 8.320 and China Sports Industry Group Co Ltd (SS:600158) was up 10.05% or 0.830 points to 9.090 in late trade.

The worst performers of the session were Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678), which fell 10.04% or 0.750 points to trade at 6.720 at the close. A-Zenith Home Furnishings Co Ltd (SS:603389) declined 10.00% or 1.710 points to end at 15.390 and Pengxin International Mining Co Ltd (SS:600490) was down 8.97% or 0.63 points to 6.39.

The top performers on the SZSE Component were Jiangxi Ganfeng Lithium Co Ltd (SZ:002460) which rose 10.00% to 32.02, Hongda Xingye Co Ltd (SZ:002002) which was up 10.00% to settle at 3.63 and Shandong Qixing Iron Tower Co Ltd (SZ:002359) which gained 9.97% to close at 9.60.

The worst performers were Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 10.01% to 20.59 in late trade, Yinji Entertainment Media Co Ltd (SZ:002143) which lost 5.19% to settle at 3.84 and Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which was down 4.26% to 3.15 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1306 to 122 and 27 ended unchanged.

Shares in Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678) fell to 3-years lows; falling 10.04% or 0.750 to 6.720. Shares in Pengxin International Mining Co Ltd (SS:600490) fell to 3-years lows; losing 8.97% or 0.63 to 6.39. Shares in Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) fell to 52-week lows; losing 10.01% or 2.29 to 20.59.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.70.

Gold Futures for December delivery was up 0.23% or 2.80 to $1214.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.23% or 0.16 to hit $70.48 a barrel, while the November Brent oil contract rose 0.44% or 0.35 to trade at $79.05 a barrel.

USD/CNY was down 0.15% to 6.8369, while EUR/CNY fell 0.08% to 8.0578.

The US Dollar Index Futures was up 0.03% at 93.50.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6108G_M.jpg © Reuters.

Hong Kong’s Property Developer New World Reports Near US$3 Billion Net Income

- Hong Kong-listed New World Development (HK:0017) reported a net income of HK$23.34 billion (US$2.98 billion) on Thursday for the financial year ended on June 30, which is an over 200% surge from the previous year.

The company made a profit of HK$7.98 billion (US$1.02 billion) for the period, an 11.8% increase year-on-year, exceeding the expectation of HK$7.81 billion (US$1 billion). Its revenue rose 7% year-on-year to HK$60.69 billion (US$7.76 billion), slightly lower than the estimates of HK$61.33 billion (US$7.84 billion).

At the end of June, New World had a total of 12 million square feet of land in Hong Kong, a third of which is for residential use. About 400 residential units are available for sale this month, while 1,300 others that are still in development in Yuen Long, Ho Man Tin and To Kwa Wan to be released. The company also has 7 million square meters of land in mainland China as of the end of June.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7K0VH_M.jpg © Reuters.

Oil Prices Slip as Trump Urges OPEC to Lower Prices

- Oil prices edged down on Friday in Asia after U.S. President Donald Trump called for OPEC to lower crude prices ahead of their upcoming meeting in Algeria on Sunday.

Crude Oil WTI Futures for November delivery fell 0.18% to $70.19 a barrel at 1:10AM ET (05:10 GMT), while Brent Oil Futures for November delivery remained unchanged at $78.7 per barrel.

Trump tweeted on Thursday, “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!”

OPEC and non-OPEC members, including Russia, are set to meet on Sunday in Algeria to talk about sharing supply increases to offset a shortfall of Iranian exports due to U.S. crude sanctions that will take effect in November.

The remarks put “a focus on the likely supply impacts of U.S.-led Iran sanctions. The market had until that point been trading fluidly with the assumption that Saudi Arabia is now comfortable with Brent at $80 or even higher, which is challenging the market’s long-held supposition that prompt Brent between $70 and $80 was OPEC’s sweet spot,” said OANDA head of trading for Asia-Pacific Stephen Innes.

A source told Reuters Saudi Arabia is worried that the spike in oil prices will cause slams from Trump. It is also concerned about a lack of spare oil capacity.

“It’s complicated. Saudi Arabia has to balance oil supply and demand, and it has to balance oil prices so they don’t rise too much before the U.S. elections. It’s also political because the Saudis don’t want to pump too much oil then the Iranians complain to OPEC that it is taking [Iran’s] market share. They also don’t want oil prices to fall too much,” the source said.

In response, Iran’s oil minister Bijan Namdar Zanganeh warned that the country would veto any OPEC decision that can harm the Islamic Republic and that some oil producers are trying to create another forum that supports U.S. policies hostile to the government in Tehran. He did not specify any actions on how to block the decision.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6604O_M.jpg © Reuters.

Yen Little Changed After CPI Data, Dollar Inches Up

- The Japanese yen showed little reaction to the domestic CPI data released Friday that has risen to its highest point in seven months. The U.S. dollar gained but still hovered near two-month lows.

The country’s national Consumer Price Index came in at 1.3%, beating the expected 1.1% and improved on the previous reading of 0.9%.The "core-core" CPI, which excludes food and energies prices, came in at 0.4%, also meeting expectations.Meanwhile, Japanese Prime Minister Shinzo Abe won his third three-year term as head of the ruling Liberal Democratic Party on Thursday.

The yen was little changed following the data, with the USD/JPY pair last traded at 112.75, up 0.1%.

The USD/CNY pair traded 0.06% lower to 6.8440 as the People's Bank of China (PBOC) set the yuan reference rate at 6.8357 vs Thursday's fix of 6.8530.

The AUD/USD pair slipped 0.05% to 0.7289, while the NZD/USD pair jumped 1.2% to 0.6692. Ratings agency S&P affirmed Australia’s sovereign rating at AAA and raised the outlook from negative to stable on Thursday, an improved fiscal outlook and steady revenues supported by the strong economic data and relatively stable commodity prices were cited as the reasons for the upgrade.

Meanwhile, the U.S. dollar index, which tracks the greenback against a basket of six major currencies, was up 0.04% to 93.51. Despite today’s gain, the dollar struggled this week and dipped to 93.829 overnight, its lowest since July 9.

"Higher U.S. yields, particularly the two-year yield's rise, has added further momentum to the dollar's gains versus the yen ahead of next week's Fed meeting," Yamamoto at Mizuho Securities said.

]]> https://i-invdn-com.akamaized.net/news/JapaneseYen_M_1440047753.jpg

XRP Surges 30% on Ripple Plans; Other Crypto Prices Also Gain

- XRP surged 30% on Friday on optimism that Ripple is likely to launch a service that would use the virtual coin “in the next month or so.”

Bitcoin traded 2.5% higher to $6,553.3 at 12:10AM ET (04:10 GMT) on the Bitifinex exchange.   

Ethereum surged 7% to $224.03 in the previous 24 hours.

XRP spiked 29.3% to $0.45512 on the Poloniex exchange, while Litecoin also rose 6.1% at $57.262.

XRP has spiked as much as 43% this week amid the news. The new product, called xRapid, allows financial companies to speed up money transfers into emerging markets using XRP.

The company does not have an official commercial release timeline at this point, Ripple’s spokeswoman said on Thursday.

Ripple’s current main product, xCurrent, does not require the use of XRP, Bloomberg reported citing Lucas Nuzzi, director of technology at Digital Asset Research.

"xRapid, on the other hand, leverages this commutation system to allow institutions to settle inter-bank transactions using the XRP digital asset," he said. "The use of XRP is mandatory with this product."

In other news, the potential launch of Bitcoin exchange-traded funds (ETFs) are apparently delayed again as U.S. regulators are currently seeking comments on a listing request, Bloomberg reported citing a filing by the Securities and Exchange Commission.

The agency is inviting views on market manipulation, as well as surveillance, according to the filing.

]]>

Asian Stocks Gain as S&P 500 Hits All-time High

- Asian stocks gained in morning trade on Friday as the S&P 500 hit an all-time high overnight in the U.S.

The Dow Jones Industrial Average also soared to a record high as it gained 251.22 points on Thursday. The Nasdaq Composite advanced by about 1% to 8,028.232

Investors’ sentiments improved this week as markets viewed the impact of China’s and U.S.’s exchange of import tariffs less destructive than previously expected.

Meanwhile, China is considering to cut average tariff rates on imports from some of its trading partners, reports on Thursday suggested. The cut could come as soon as next month, reports citing people familiar with the matter said.

Separately, the Trump Administration said at this stage it is not planning to issue exemptions for companies from the 10% tariffs that are set to be imposed from Sept. 24 on $200 billion worth of goods.

The Shanghai Composite and the Shenzhen Component rose 0.7% and 0.3% respectively by 11:15PM ET (03:15 GMT), while Hong Kong’s Hang Seng Index jumped 1.1%.

Japan’s Nikkei 225 was up 1.0% as the country’s national Consumer Price Index came in at 1.3%, beating the expected 1.1% and improved on the previous reading of 0.9%.

The "core-core" CPI, which excludes food and energies prices, came in at 0.4%, also meeting expectations.

Meanwhile, Japanese Prime Minister Shinzo Abe won his third three-year term as head of the ruling Liberal Democratic Party on Thursday.

Down under, Australia’s S&P/ASX 200 climbed 0.5%. South Korea’s KOSPI gained 0.3%.

Elsewhere, crude oil prices were in focus after U.S. president Donald Trump urged the OPEC to push prices lower.

"We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember," Trump said in a tweet. "The OPEC monopoly must get prices down now!"

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7B05U_M.jpg © Reuters.

Stellar Lumens Climbs 10.59% In Bullish Trade

- Stellar Lumens was trading at $0.22905 by 18:22 (22:22 GMT) on the Index on Thursday, up 10.59% on the day. It was the largest one-day percentage gain since September 20.

The move upwards pushed Stellar Lumens's market cap up to $4.23B, or 2.03% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.20508 to $0.22905 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 8.98%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $61.57M or 0.51% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.22905 in the past 7 days.

At its current price, Stellar Lumens is still down 75.10% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,478.8 on the Index, up 1.44% on the day.

Ethereum was trading at $212.54 on the Index, a gain of 1.54%.

Bitcoin's market cap was last at $112.09B or 53.87% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.77B or 10.46% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED6U1NX_M.jpg © Reuters.

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.08%

– Mexico stocks were lower after the close on Thursday, as losses in the Materials, Healthcare and Industrials sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC fell 0.08%.

The best performers of the session on the S&P/BMV IPC were Arca Continental , S.A.B. De C.V. (MX:AC), which rose 1.63% or 1.94 points to trade at 120.92 at the close. Meanwhile, Grupo Aeroportuario Del CentroNorte (MX:OMAB) added 1.27% or 1.660 points to end at 132.310 and Fomento Economico Mexicano UBD (MX:FMSAUBD) was up 0.70% or 1.27 points to 183.67 in late trade.

The worst performers of the session were VOLARIS A (MX:VOLARA), which fell 2.31% or 0.35 points to trade at 14.83 at the close. Alpek, S.A.B. De C.V. (MX:ALPEKA) declined 2.28% or 0.660 points to end at 28.290 and Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) was down 2.07% or 1.280 points to 60.480.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 177 to 109 and 13 ended unchanged.

Shares in Grupo Aeroportuario Del CentroNorte (MX:OMAB) rose to all time highs; gaining 1.27% or 1.660 to 132.310.

Gold Futures for December delivery was up 0.32% or 3.90 to $1212.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.92% or 0.65 to hit $70.12 a barrel, while the November Brent oil contract fell 1.02% or 0.81 to trade at $78.59 a barrel.

USD/MXN was up 0.24% to 18.8158, while EUR/MXN rose 1.14% to 22.1621.

The US Dollar Index Futures was down 0.69% at 93.47.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPED8P25V_M.jpg © Reuters.

Brazil stocks lower at close of trade; Bovespa down 0.01%

– Brazil stocks were lower after the close on Thursday, as losses in the Real Estate, Industrials and Financials sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 0.01%.

The best performers of the session on the Bovespa were Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4), which rose 5.05% or 0.53 points to trade at 11.03 at the close. Meanwhile, Companhia Brasileira deDistribuicao (SA:PCAR4) added 3.96% or 3.21 points to end at 84.20 and Cia Paranaense de Energia (SA:CPLE6) was up 3.80% or 0.81 points to 22.15 in late trade.

The worst performers of the session were Cielo SA (SA:CIEL3), which fell 5.22% or 0.70 points to trade at 12.71 at the close. MRV Engenharia e Participacoes SA (SA:MRVE3) declined 3.95% or 0.50 points to end at 12.15 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was down 2.75% or 0.23 points to 8.12.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 221 to 195 and 34 ended unchanged.

Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; down 5.22% or 0.70 to 12.71.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.26% to 45.24.

Gold Futures for December delivery was up 0.31% or 3.80 to $1212.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.93% or 0.66 to hit $70.11 a barrel, while the December US coffee C contract rose 3.04% or 2.93 to trade at $99.38 .

USD/BRL was down 1.30% to 4.0735, while EUR/BRL fell 0.38% to 4.7978.

The US Dollar Index Futures was down 0.69% at 93.47.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB8T17B_M.jpg © Reuters.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.97%

– U.S. stocks were higher after the close on Thursday, as gains in the Technology, Consumer Goods and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 0.97% to hit a new all time high, while the S&P 500 index gained 0.85%, and the NASDAQ Composite index climbed 1.00%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 2.23% or 1.03 points to trade at 47.18 at the close. Meanwhile, Walgreens Boots Alliance Inc (NASDAQ:WBA) added 2.21% or 1.57 points to end at 72.86 and Caterpillar Inc (NYSE:CAT) was up 2.09% or 3.20 points to 155.96 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 0.19% or 0.40 points to trade at 211.28 at the close. Chevron Corp (NYSE:CVX) added 0.01% or 0.01 points to end at 119.52 and Exxon Mobil Corp (NYSE:XOM) was up 0.24% or 0.20 points to 84.83.

The top performers on the S&P 500 were Under Armour Inc A (NYSE:UAA) which rose 6.42% to 19.96, Under Armour Inc C (NYSE:UA) which was up 5.03% to settle at 18.150 and Brighthouse Financial Inc (NASDAQ:BHF) which gained 4.34% to close at 46.21.

The worst performers were Red Hat Inc (NYSE:RHT) which was down 6.57% to 133.75 in late trade, Nordstrom Inc (NYSE:JWN) which lost 4.89% to settle at 61.01 and Northrop Grumman Corporation (NYSE:NOC) which was down 3.35% to 301.81 at the close.

The top performers on the NASDAQ Composite were Ascent Capital Group Inc (NASDAQ:ASCMA) which rose 119.62% to 2.35, New Age Beverages Corp (NASDAQ:NBEV) which was up 72.31% to settle at 7.53 and Altimmune Inc (NASDAQ:ALT) which gained 66.19% to close at 27.355.

The worst performers were Tilray Inc (NASDAQ:TLRY) which was down 20.25% to 170.71 in late trade, Iterum Therapeutics PLC (NASDAQ:ITRM) which lost 18.52% to settle at 6.73 and Dragon Victory International Ltd (NASDAQ:LYL) which was down 14.86% to 1.49 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2081 to 1005 and 33 ended unchanged; on the Nasdaq Stock Exchange, 1884 rose and 709 declined, while 91 ended unchanged.

Shares in New Age Beverages Corp (NASDAQ:NBEV) rose to all time highs; up 72.31% or 3.16 to 7.53. Shares in Iterum Therapeutics PLC (NASDAQ:ITRM) fell to all time lows; falling 18.52% or 1.53 to 6.73.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.43% to 11.80.

Gold Futures for December delivery was up 0.31% or 3.80 to $1212.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.93% or 0.66 to hit $70.11 a barrel, while the November Brent oil contract fell 1.03% or 0.82 to trade at $78.58 a barrel.

EUR/USD was up 0.90% to 1.1778, while USD/JPY rose 0.14% to 112.45.

The US Dollar Index Futures was down 0.69% at 93.47.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB5N0PP_M.jpg © Reuters.

XRP Jumps 20.65% In Bullish Trade

- XRP was trading at $0.41572 by 16:22 (20:22 GMT) on the Index on Thursday, up 20.65% on the day. It was the largest one-day percentage gain since September 20.

The move upwards pushed XRP's market cap up to $15.68B, or 7.67% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.32154 to $0.41572 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 40.29%. The volume of XRP traded in the twenty-four hours to time of writing was $743.84M or 6.67% of the total volume of all cryptocurrencies. It has traded in a range of $0.26706 to $0.41572 in the past 7 days.

At its current price, XRP is still down 87.36% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,437.4 on the Index, up 0.19% on the day.

Ethereum was trading at $211.24 on the Index, a gain of 0.00%.

Bitcoin's market cap was last at $111.22B or 54.39% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.55B or 10.54% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC4I1KY_M.jpg © Reuters.

Stocks - Dow Clinches Record Close as Apple Lifts Tech

- The Dow notched record highs Thursday on surging tech stocks, led by Apple, and fading worries about trade, even as analysts warned of a further escalation in the U.S. and China trade spat.

The Dow Jones Industrial Average rose about 0.97% to 26,661.72. The S&P 500 rose 0.85% to 2,932.58, while the Nasdaq Composite rose 1.00% to 8,029.27.

A wave of buying emerged across Wall Street, most notably in tech stocks on increasing hopes the United States and China will find a solution to their trade dispute after both nations imposed watered-down tariffs on each other earlier this week.

China said Tuesday it would impose new tariffs on U.S. goods worth $60 billion on Sept. 24. The announcement arrived after the Trump administration announced the U.S. will impose 10% tariffs on $200 billion in Chinese goods next week.

The levies imposed by both countries came at a lower rate than many had feared, helping lift sentiment on trade.

The optimism on the trade front was captured by strong gains in both Boeing (NYSE:BA) and Caterpillar (NYSE:CAT), both of which are believed to be a barometer of trade given their large exposure to China. Apple (NASDAQ:AAPL), whose products were scrubbed off a list of items subject to tariffs, rallied nearly 1%, boosting tech.

Not everyone is convinced, however, that the U.S.-China trade spat will be resolved sooner rather than later: Goldman Sachs said the trade dispute between the two nations is in its infancy, warning that Washington may take further action against Beijing in "the next couple of weeks."

"Additional tariffs [from the United States] are the most likely outcome, as the policy issues underlying the dispute will be difficult to resolve, the bilateral trade deficit at the heart of the dispute is unlikely to narrow substantially regardless of policy actions, and the White House will have greater political flexibility to increase tariffs after the midterm election," Goldman Sachs said in a note.

The well of rising bond yields dried up Thursday, meanwhile, but that didn’t stop bank shares staging a rally for the second day in a row, pushing the broader averages to record highs.

Goldman Sachs (NYSE:GS), Citigroup Inc (NYSE:C) and Bank of America (NYSE:BAC) closed higher, adding to gains from Wednesday, which followed a rise in the 10-year treasury yield to its highest level since May.

Rising Treasury yields are seen as boon for banks, boosting their net interest margin, the difference between the interest income generated by banks and the amount of interest paid out to their lenders.

Energy, meanwhile, struggled to keep up with the rally, following a slump in oil prices after President Donald Trump demanded OPEC find a way to slash oil prices.

On the New York Mercantile Exchange crude futures for November delivery fell by 32 cents to settle at $70.80 a barrel.

In corporate news, Adobe (NASDAQ:ADBE) confirmed that it's acquiring Marketo, a company that sells marketing software, from Vista Equity Partners for $4.75 billion.

Top S&P 500 Gainers and Losers Today:

Under Armour (NYSE:UAA), Viacom (NASDAQ:VIAB) and Brighthouse Financial (NASDAQ:BHF) were among the top S&P 500 gainers for the session.

Red Hat (NYSE:RHT), Nordstrom (NYSE:JWN) and National Oilwell Varco (NYSE:NOV) were among the worst S&P 500 performers of the session.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC302V7_M.jpg © Reuters.

Cardano Climbs 10.11% In Bullish Trade

- Cardano was trading at $0.07427 by 14:27 (18:27 GMT) on the Index on Thursday, up 10.11% on the day. It was the largest one-day percentage gain since August 17.

The move upwards pushed Cardano's market cap up to $1.93B, or 0.95% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.92B.

Cardano had traded in a range of $0.07110 to $0.07624 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a rise in value, as it gained 7.29%. The volume of Cardano traded in the twenty-four hours to time of writing was $81.01M or 0.65% of the total volume of all cryptocurrencies. It has traded in a range of $0.06197 to $0.07624 in the past 7 days.

At its current price, Cardano is still down 94.50% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,408.0 on the Index, up 3.46% on the day.

Ethereum was trading at $209.23 on the Index, a gain of 4.31%.

Bitcoin's market cap was last at $110.93B or 54.73% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.43B or 10.58% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7A0O3_M.jpg © Reuters.

Morocco stocks higher at close of trade; Moroccan All Shares up 0.47%

– Morocco stocks were higher after the close on Thursday, as gains in the Mining, Banking and Food Producers&Processors sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.47%.

The best performers of the session on the Moroccan All Shares were Micro Data SA (CS:MIC), which rose 8.37% or 21.00 points to trade at 272.00 at the close. Meanwhile, Atlanta (CS:ATL) added 4.84% or 3.00 points to end at 65.00 and Residences Dar Saada SA (CS:RDS) was up 3.77% or 3.90 points to 107.40 in late trade.

The worst performers of the session were Zellidja S.A (CS:ZELI), which fell 5.97% or 8.05 points to trade at 126.85 at the close. Eqdom (CS:EQDM) declined 5.74% or 60 points to end at 986 and Taslif (CS:TSF1) was down 5.73% or 1.35 points to 22.20.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 15 and 3 ended unchanged.

Shares in Eqdom (CS:EQDM) fell to 52-week lows; losing 5.74% or 60 to 986. Shares in Taslif (CS:TSF1) fell to 5-year lows; losing 5.73% or 1.35 to 22.20.

Crude oil for November delivery was down 0.35% or 0.25 to $70.52 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.71% or 0.56 to hit $78.84 a barrel, while the December Gold Futures contract rose 0.18% or 2.20 to trade at $1210.50 a troy ounce.

EUR/MAD was up 0.18% to 10.9950, while USD/MAD fell 0.51% to 9.3445.

The US Dollar Index Futures was down 0.54% at 93.61.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7D094_M.jpg © Reuters.

Portugal stocks lower at close of trade; PSI 20 down 0.27%

– Portugal stocks were lower after the close on Thursday, as losses in the Consumer Services, Technology and Industrials sectors led shares lower.

At the close in Lisbon, the PSI 20 declined 0.27%.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 3.18% or 0.0058 points to trade at 0.1884 at the close. Meanwhile, Corticeira Amorim (LS:CORA) added 1.57% or 0.180 points to end at 11.620 and EDP Renovaveis (LS:EDPR) was up 1.00% or 0.0850 points to 8.5750 in late trade.

The worst performers of the session were Sonae SGPS SA (LS:YSO), which fell 2.55% or 0.0245 points to trade at 0.9345 at the close. J. Martins SGPS (LS:JMT) declined 1.67% or 0.2200 points to end at 12.9300 and Semapa (LS:SEM) was down 1.35% or 0.2400 points to 17.4800.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 18 to 15 and 3 ended unchanged.

Brent oil for November delivery was down 0.79% or 0.63 to $78.77 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.42% or 0.30 to hit $70.47 a barrel, while the December Gold Futures contract rose 0.16% or 1.90 to trade at $1210.20 a troy ounce.

EUR/USD was up 0.70% to 1.1755, while EUR/GBP fell 0.04% to 0.8877.

The US Dollar Index Futures was down 0.52% at 93.63.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED7818F_M.jpg © Reuters.

Spain stocks higher at close of trade; IBEX 35 up 1.03%

– Spain stocks were higher after the close on Thursday, as gains in the Consumer Goods, Telecoms&IT and Financial Services&Real Estate sectors led shares higher.

At the close in Madrid, the IBEX 35 added 1.03%.

The best performers of the session on the IBEX 35 were Cie Automotive (MC:CIEA), which rose 2.62% or 0.700 points to trade at 27.460 at the close. Meanwhile, Tecnicas Reunidas (MC:TRE) added 2.41% or 0.640 points to end at 27.170 and Telefonica (MC:TEF) was up 2.39% or 0.160 points to 6.859 in late trade.

The worst performers of the session were Indra A (MC:IDR), which fell 2.37% or 0.240 points to trade at 9.880 at the close. Melia Hotels (MC:MEL) declined 1.25% or 0.120 points to end at 9.470 and Inmobiliaria Colonial SA (MC:COL) was down 0.92% or 0.085 points to 9.190.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 101 to 66 and 26 ended unchanged.

Shares in Melia Hotels (MC:MEL) fell to 52-week lows; down 1.25% or 0.120 to 9.470.

Gold Futures for December delivery was up 0.12% or 1.50 to $1209.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.38% or 0.27 to hit $70.50 a barrel, while the November Brent oil contract fell 0.77% or 0.61 to trade at $78.79 a barrel.

EUR/USD was up 0.70% to 1.1755, while EUR/GBP rose 0.01% to 0.8882.

The US Dollar Index Futures was down 0.51% at 93.64.

]]> https://i-invdn-com.akamaized.net/news/bme3_p1_M_1440050349.jpg

Netherlands stocks higher at close of trade; AEX up 0.81%

– Netherlands stocks were higher after the close on Thursday, as gains in the Telecoms, Financials and Basic Materials sectors led shares higher.

At the close in Amsterdam, the AEX gained 0.81%.

The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 5.24% or 0.11 points to trade at 2.23 at the close. Meanwhile, Relx PLC (AS:REL) added 2.60% or 0.440 points to end at 17.340 and ING Groep NV (AS:INGA) was up 2.58% or 0.290 points to 11.516 in late trade.

The worst performers of the session were Koninklijke Ahold Delhaize NV (AS:AD), which fell 1.76% or 0.340 points to trade at 18.932 at the close. Galapagos NV (AS:GLPG) declined 1.63% or 1.620 points to end at 97.840 and Philips Lighting NV (AS:LIGHT) was down 0.43% or 0.11 points to 25.53.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 98 to 30 and 8 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 2.20% to 11.93.

Crude oil for November delivery was down 0.42% or 0.30 to $70.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.79% or 0.63 to hit $78.77 a barrel, while the December Gold Futures contract rose 0.11% or 1.30 to trade at $1209.60 a troy ounce.

EUR/USD was up 0.69% to 1.1753, while EUR/GBP fell 0.02% to 0.8879.

The US Dollar Index Futures was down 0.50% at 93.65.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB65083_M.jpg © Reuters.

Russia stocks lower at close of trade; MOEX Russia down 0.15%

– Russia stocks were lower after the close on Thursday, as losses in the Telecoms, Oil&Gas and Manufacturing sectors led shares lower.

At the close in Moscow, the MOEX Russia declined 0.15%.

The best performers of the session on the MOEX Russia were SG mechel (MCX:MTLR), which rose 10.36% or 10.35 points to trade at 110.30 at the close. Meanwhile, Unipro (MCX:UPRO) added 4.98% or 0.1300 points to end at 2.7400 and United Company Rusal Plc (MCX:RUAL) was up 2.96% or 0.820 points to 28.500 in late trade.

The worst performers of the session were Rosseti ao (MCX:RSTI), which fell 2.10% or 0.0154 points to trade at 0.7177 at the close. Gazprom PAO (MCX:GAZP) declined 1.93% or 3.04 points to end at 154.35 and Trubnaya Metallurgicheskaya Kompaniya OAO (MCX:TRMK) was down 1.50% or 1.05 points to 68.80.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 125 to 80 and 22 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 3.82% to 25.520.

Gold Futures for December delivery was up 0.12% or 1.50 to $1209.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.42% or 0.30 to hit $70.47 a barrel, while the November Brent oil contract fell 0.79% or 0.63 to trade at $78.77 a barrel.

USD/RUB was down 0.76% to 66.3061, while EUR/RUB fell 0.12% to 77.9037.

The US Dollar Index Futures was down 0.50% at 93.65.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7O0V7_M.jpg © Reuters.

Belgium stocks higher at close of trade; BEL 20 up 1.03%

– Belgium stocks were higher after the close on Thursday, as gains in the Telecoms, Industrials and Technology sectors led shares higher.

At the close in Brussels, the BEL 20 rose 1.03%.

The best performers of the session on the BEL 20 were ING Groep NV (AS:INGA), which rose 2.58% or 0.290 points to trade at 11.516 at the close. Meanwhile, Proximus NV (BR:PROX) added 2.54% or 0.52 points to end at 21.02 and Umicore SA (BR:UMI) was up 2.10% or 1.03 points to 50.16 in late trade.

The worst performers of the session were Argen-X (BR:ARGX), which fell 4.60% or 3.30 points to trade at 68.50 at the close. Telenet Group (BR:TNET) declined 3.83% or 1.84 points to end at 46.16 and Etablissementen Fr Colruyt NV (BR:COLR) was down 1.93% or 0.98 points to 49.88.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 53 to 48 and 24 ended unchanged.

Gold Futures for December delivery was up 0.07% or 0.80 to $1209.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.41% or 0.29 to hit $70.48 a barrel, while the November Brent oil contract fell 0.84% or 0.67 to trade at $78.73 a barrel.

EUR/USD was up 0.62% to 1.1745, while EUR/GBP fell 0.08% to 0.8874.

The US Dollar Index Futures was down 0.46% at 93.69.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEC0409P_M.jpg © Reuters.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.47%

– U.K. stocks were higher after the close on Thursday, as gains in the Life Insurance/Assurance, Mining and Industrial Metals&Mining sectors led shares higher.

At the close in London, the United Kingdom 100 added 0.47%.

The best performers of the session on the United Kingdom 100 were Old Mutual Ltd (LON:OMU), which rose 2.90% or 4.32 points to trade at 153.24 at the close. Meanwhile, Associated British Foods PLC (LON:ABF) added 2.70% or 60.00 points to end at 2285.00 and Fresnillo PLC (LON:FRES) was up 2.67% or 22.00 points to 847.60 in late trade.

The worst performers of the session were Burberry Group PLC (LON:BRBY), which fell 4.88% or 103.00 points to trade at 2008.00 at the close. Kingfisher PLC (LON:KGF) declined 1.74% or 4.30 points to end at 242.70 and Capita PLC (LON:CPI) was down 1.54% or 2.25 points to 144.00.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1072 to 968 and 305 ended unchanged.

Shares in Kingfisher PLC (LON:KGF) fell to 5-year lows; losing 1.74% or 4.30 to 242.70.

Gold Futures for December delivery was up 0.05% or 0.60 to $1208.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.34% or 0.24 to hit $70.53 a barrel, while the November Brent oil contract fell 0.78% or 0.62 to trade at $78.78 a barrel.

GBP/USD was up 0.68% to 1.3233, while EUR/GBP fell 0.07% to 0.8875.

The US Dollar Index Futures was down 0.46% at 93.69.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB3J0AS_M.jpg © Reuters.

Poland stocks higher at close of trade; WIG30 up 0.21%

– Poland stocks were higher after the close on Thursday, as gains in the Food, Information Technology and Chemicals sectors led shares higher.

At the close in Warsaw, the WIG30 added 0.21%.

The best performers of the session on the WIG30 were Bank Millennium SA (WA:MILP), which rose 5.46% or 0.46 points to trade at 8.89 at the close. Meanwhile, Kernel Holding SA (WA:KER) added 5.15% or 2.35 points to end at 47.95 and Grupa Azoty SA (WA:ATTP) was up 4.58% or 1.40 points to 32.00 in late trade.

The worst performers of the session were PKP Cargo (WA:PKPP), which fell 4.88% or 2.35 points to trade at 45.85 at the close. LPP SA (WA:LPPP) declined 2.72% or 240.00 points to end at 8595.00 and Enea SA (WA:ENAE) was down 2.65% or 0.21 points to 7.70.

Rising stocks outnumbered declining ones on the Warsaw Stock Exchange by 215 to 201 and 200 ended unchanged.

Crude oil for November delivery was down 0.34% or 0.24 to $70.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.78% or 0.62 to hit $78.78 a barrel, while the December Gold Futures contract rose 0.03% or 0.40 to trade at $1208.70 a troy ounce.

EUR/PLN was up 0.19% to 4.2944, while USD/PLN fell 0.40% to 3.6571.

The US Dollar Index Futures was down 0.44% at 93.71.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE5O0DF_M.jpg © Reuters.

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.94%

– Sweden stocks were higher after the close on Thursday, as gains in the Financials, Industrials and Basic Materials sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 gained 0.94%.

The best performers of the session on the OMX Stockholm 30 were Autoliv Inc . SDB (ST:ALIVsdb), which rose 3.66% or 28.8 points to trade at 815.2 at the close. Meanwhile, Svenska Handelsbanken AB A (ST:SHBa) added 3.09% or 3.28 points to end at 109.58 and Alfa Laval AB (ST:ALFA) was up 2.37% or 5.6 points to 242.1 in late trade.

The worst performers of the session were Securitas AB ser. B (ST:SECUb), which fell 1.31% or 2.05 points to trade at 154.20 at the close. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) declined 1.00% or 0.78 points to end at 77.08 and ASSA ABLOY AB ser. B (ST:ASSAb) was down 0.85% or 1.6 points to 181.0.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 320 to 304 and 58 ended unchanged.

Crude oil for November delivery was down 0.34% or 0.24 to $70.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.79% or 0.63 to hit $78.77 a barrel, while the December Gold Futures contract rose 0.02% or 0.30 to trade at $1208.60 a troy ounce.

EUR/SEK was down 0.30% to 10.3247, while USD/SEK fell 0.85% to 8.7950.

The US Dollar Index Futures was down 0.41% at 93.73.

]]> https://i-invdn-com.akamaized.net/news/stockholm_sweden_M_1440051465.jpg

Norway stocks higher at close of trade; Oslo OBX up 0.61%

– Norway stocks were higher after the close on Thursday, as gains in the Technology Hardware&Equipment, Materials and Insurance sectors led shares higher.

At the close in Oslo, the Oslo OBX added 0.61% to hit a new all time high.

The best performers of the session on the Oslo OBX were REC Silicon ASA (OL:REC), which rose 5.56% or 0.03 points to trade at 0.66 at the close. Meanwhile, Grieg Seafood (OL:GSFO) added 5.07% or 5.10 points to end at 105.70 and Norsk Hydro ASA (OL:NHY) was up 2.34% or 1.10 points to 48.30 in late trade.

The worst performers of the session were Schibsted ASA A (OL:SBSTA), which fell 2.68% or 8.6 points to trade at 312.4 at the close. Petroleum Geo - Services ASA (OL:PGS) declined 2.41% or 0.79 points to end at 32.00 and Telenor ASA (OL:TEL) was down 1.64% or 2.7 points to 161.5.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 109 to 71 and 29 ended unchanged.

Shares in Grieg Seafood (OL:GSFO) rose to all time highs; rising 5.07% or 5.10 to 105.70.

Crude oil for November delivery was down 0.34% or 0.24 to $70.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.79% or 0.63 to hit $78.77 a barrel, while the December Gold Futures contract rose 0.02% or 0.20 to trade at $1208.50 a troy ounce.

EUR/NOK was up 0.73% to 9.5850, while USD/NOK rose 0.16% to 8.1646.

The US Dollar Index Futures was down 0.41% at 93.73.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB9606Q_M.jpg © Reuters.

Greece stocks lower at close of trade; Athens General Composite down 1.24%

– Greece stocks were lower after the close on Thursday, as losses in the Banking, Basic Resources and Financials sectors led shares lower.

At the close in Athens, the Athens General Composite declined 1.24%.

The best performers of the session on the Athens General Composite were Kri-Kri Milk (AT:KRIr), which rose 3.93% or 0.170 points to trade at 4.500 at the close. Meanwhile, Crete Plastics SA (AT:PLAKR) added 3.85% or 0.500 points to end at 13.500 and Intercontinental International Real Estate Investment Company SA (AT:ICIr) was up 2.86% or 0.150 points to 5.400 in late trade.

The worst performers of the session were Alpha Bank SA (AT:ACBr), which fell 7.73% or 0.101 points to trade at 1.205 at the close. Piraeus Bank SA (AT:BOPr) declined 6.05% or 0.126 points to end at 1.958 and Elastron SA (AT:ELSRr) was down 5.00% or 0.0650 points to 1.2350.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 56 to 48 and 8 ended unchanged.

Shares in Kri-Kri Milk (AT:KRIr) rose to all time highs; gaining 3.93% or 0.170 to 4.500. Shares in Alpha Bank SA (AT:ACBr) fell to 52-week lows; down 7.73% or 0.101 to 1.205.

Gold Futures for December delivery was down 0.01% or 0.10 to $1208.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.27% or 0.19 to hit $70.58 a barrel, while the November Brent oil contract fell 0.72% or 0.57 to trade at $78.83 a barrel.

EUR/USD was up 0.69% to 1.1753, while EUR/GBP fell 0.10% to 0.8872.

The US Dollar Index Futures was down 0.52% at 93.63.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB720F4_M.jpg © Reuters.

Oracle Rises 3.13%

- Oracle (NYSE:ORCL) rose by 3.13% to trade at $50.98 by 11:05 (15:05 GMT) on Thursday on the NYSE exchange.

The volume of Oracle shares traded since the start of the session was $8.96M. Oracle has traded in a range of $49.56 to $50.99 on the day.

The stock has traded at $50.98 at its highest and $47.36 at its lowest during the past seven days.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6606G_M.jpg © Reuters.

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.50%

– Saudi Arabia stocks were higher after the close on Thursday, as gains in the Cement, Petrochemicals and Multi Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share added 0.50%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE:8030), which rose 6.06% or 0.80 points to trade at 14.00 at the close. Meanwhile, Tabuk Cement Co. (SE:3090) added 4.30% or 0.50 points to end at 12.14 and Al Alamiya Cooperative Insurance (SE:8280) was up 3.57% or 1.25 points to 36.25 in late trade.

The worst performers of the session were Saudi Fisheries Co. (SE:6050), which fell 4.92% or 0.88 points to trade at 17.00 at the close. Dallah Healthcare Holding Company (SE:4004) declined 4.41% or 2.80 points to end at 60.70 and Saudi Enaya Cooperative Insurance (SE:8311) was down 3.53% or 0.74 points to 20.24.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 99 to 73 and 14 ended unchanged.

Shares in Saudi Fisheries Co. (SE:6050) fell to 5-year lows; falling 4.92% or 0.88 to 17.00. Shares in Dallah Healthcare Holding Company (SE:4004) fell to 52-week lows; down 4.41% or 2.80 to 60.70.

Crude oil for November delivery was up 0.52% or 0.37 to $71.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.01% or 0.01 to hit $79.39 a barrel, while the December Gold Futures contract rose 0.24% or 2.90 to trade at $1211.20 a troy ounce.

EUR/SAR was up 0.77% to 4.4119, while USD/SAR rose 0.01% to 3.7503.

The US Dollar Index Futures was down 0.66% at 93.50.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB2N0TI_M.jpg © Reuters.

U.S. Jobless Claims Fall, Still at Lowest Levels Since 1969

- The number of people who filed for unemployment assistance in the U.S. last week fell more than expected, remaining at the lowest levels in 49 years, official data showed on Thursday.

The report underlined expectations that the Federal Reserve will hike interest rates two more times this year, with the next move higher coming at its meeting next week.

The number of individuals filing for initial jobless benefits in the week ended Sept. 15 decreased by 3,000 to a seasonally adjusted 201,000 from the previous week’s total of 204,000, the U.S. Department of Labor said.

Analysts expected jobless claims to rise by 6,000 to 210,000 last week.

The four-week moving average was 205,750, down 2,250 from the previous week. The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

Continuing jobless claims in the week ended Sept. 8 fell to 1.645 million from 1.700 million in the preceding week, compared to expectations for an increase to 1.705 million.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB760N5_M.jpg © Reuters.

Bitcoin Prices Firm Above $6,000; XRP Soars 15%

- Bitcoin prices pushed higher on Thursday, attempting to break out of what has been a relatively subdued period for the world’s largest digital currency.

Bitcoin, the world's most valuable digital currency, was up around 2% at $6,434.90 on the Bitfinex exchange by 8:05 AM ET (12:05 GMT), after rising to as high as $6,549.90.

Bitcoin has not traded outside the $6,100-to-$6,600 range since Sept. 6.

Beyond Bitcoin, the price of the other major cryptocurrencies also increased.

Ethereum, the world’s second-largest cryptocurrency by market cap, was up roughly 3.5% at $213.10.

Meanwhile, XRP was trading at $0.36003, up about 15% for the day.

Hype is building around the potential rollout of the protocol's xRapid product that proponents hope better facilitates cross-border transfers.

Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said earlier this week that the company is aiming to launch xRapid, a product that helps banks speed up transactions by using XRP, in the “next month or so.”

Litecoin was higher by 4% at $54.67.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE6N0TG_M.jpg © Reuters.

XRP Climbs 10.42% As Investors Gain Confidence

- XRP was trading at $0.35129 by 07:06 (11:06 GMT) on the Index on Thursday, up 10.42% on the day. It was the largest one-day percentage gain since September 18.

The move upwards pushed XRP's market cap up to $13.52B, or 6.72% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.32154 to $0.35200 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 23.74%. The volume of XRP traded in the twenty-four hours to time of writing was $419.31M or 3.50% of the total volume of all cryptocurrencies. It has traded in a range of $0.26706 to $0.35200 in the past 7 days.

At its current price, XRP is still down 89.32% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,414.6 on the Index, up 1.99% on the day.

Ethereum was trading at $210.27 on the Index, a gain of 2.32%.

Bitcoin's market cap was last at $110.90B or 55.10% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.46B or 10.66% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEDAC13D_M.jpg © Reuters.

Gold Prices Slip Despite Drop in Dollar Ahead of Economic Data

- Gold prices headed lower on Thursday despite a weaker dollar amid ebbing trade concerns as investors awaited economic data later in the session and looked ahead to the Federal Reserve’s policy session next week.

At 5:54 AM ET (9:54 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $0.70 or 0.06%, to $1,207.60 a troy ounce.

The precious metal has dropped about 11.6% from a peak in April as escalating U.S.-China trade dispute and rising U.S. interest rates were cited as catalysts for the selling in gold.

Reports of the tariffs imposed by the U.S. and China on each other's goods being set at lower levels than expected were cited as a headwind for dollar prices, which is seen as a safe-haven asset.

The dollar was also under pressure after a report said that the U.S. and Canada are unlikely to reach an agreement on NAFTA this week.

On Thursday’s economic calendar, weekly jobless claims and the Philadelphia Fed manufacturing index for September will be released at 8:30 AM ET (12:30 GMT) to be followed by August existing home sales at 10:00 AM ET (14:00 GMT).

Investors looked ahead to the next Federal Reserve policy decision to be announced on Sept. 26.

Markets currently expect the Fed to hike rates by a quarter of a point, while fed fund futures price in an additional increase at the end of the year at more than an 80% probability.

Rising U.S. interest rates were also cited as headwind for the precious metal.

In other metals trading, silver futures dipped 0.04% at $14.275 a troy ounce by 5:56 AM ET (9:56 GMT).

Palladium futures rose 0.22% to $1,033.10 an ounce, while sister metal platinum traded up 0.10% at $822.70.

In base metals, copper fell 0.49% to $2.716 a pound.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED180L9_M.jpg © Reuters.

Top 5 Things to Know in The Market on Thursday

- Here are the top five things you need to know in financial markets on Thursday, September 20:

1. Wall Street Set for Positive Open

U.S. stock index futures pointed to a slightly higher open on Wall Street, as investors set aside concerns over the ongoing trade war between the U.S. and China.

At 5:30AM ET, the blue-chip Dow futures were up 25 points, or about 0.1%, the S&P 500 futures tacked on 2 points, while the tech-heavy Nasdaq 100 futures indicated a gain of 5 points.

The moves in pre-market trade came after Wall Street closed Wednesday's session on a strong note, with the Dow soaring more than 150 points.

Elsewhere, in Europe, the region's major bourses were mostly higher, with most of the sectors in positive ground. The pan-regional STOXX 600 benchmark was up 0.5% in mid-morning trade, on track for its fifth straight session of gains.

Earlier, Asian markets ended mixed.

2. Micron Reports Earnings

There is a late-quarter lull in earnings reports, but results are still expected from a few notable companies today.

Micron Technology (NASDAQ:MU) is slated to report fiscal fourth-quarter results after U.S. markets close. The chipmaker is expected to report earnings of $3.32 per share on revenue of $8.25 billion, according to estimates.

Investors will be closely watching the results for more insight into whether the chip sector is heading from a cyclical downtrend.

The stock has already been hit by warnings and indications from other companies that demand in the memory market is waning.

Shares of Micron have fallen to about $45 from about $60 three months ago.

Other companies scheduled to report earnings include Darden Restaurants (NYSE:DRI), Thor Industries (NYSE:THO), and Steelcase (NYSE:SCS).

3. Dollar, Treasury Yields Slip

Away from equities, the dollar edged lower against its major rivals, hovering around the lowest level in around eight weeks, in part as safe-haven demand for the U.S. currency ebbed as investors set aside trade concerns for now.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.15% at 93.97, not far from Tuesday's low of 93.88, which was the weakest since July 26.

In the bond market, the yield on benchmark 10-year Treasury notes, which on Wednesday touched its highest level since May 18, was at 3.066%, compared with its U.S. close of 3.083%.

The 2-year yield, which is sensitive to market expectations of Fed rate hikes, was at 2.799%, compared with a U.S. close of 2.807% percent Wednesday, which was the highest since 2008.

This week's rise in yields comes ahead of what is expected to be a hawkish meeting of the Federal Reserve next week.

4. Philly Fed, Housing Data Ahead

On the data front, the Philly Fed Manufacturing survey is due out at 8:30AM ET, with economists predicting a jump to 17 for September from 11.9 in August. Investors will pay particular attention to the data for any impact tariffs are having on the sector.

At the same time there will be the weekly initial jobless claims figures, with the market looking for a small rise to 210,000 from the week before.

The August report on existing home sales is then due at 10AM ET. On average, economists expect that existing home sales rose 0.3% in August to an annual adjusted rate of 5.35 million.

5. Oil Prices Rise to Highest Since July

Oil prices rose for a third consecutive session, with the U.S. benchmark hitting its highest level since July amid another drawdown in U.S. inventories and strong U.S. gasoline demand

U.S. crude added 0.4% to $71.06 a barrel, the most since July 11, after data showed U.S. crude inventories fell 2.1 million barrels last week, its fifth weekly drawdown, to 394.1 million barrels.

That was the lowest level since February 2015.

Global benchmark Brent crude was up by 5 cents at $79.45.

Prices were also supported by looming U.S. sanctions on Iran, which are widely expected to lead to a tighter market.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB8Q0AQ_M.jpg © Reuters.

Oil Prices Mixed, West Texas Boosted by Low U.S. Supply Levels

- Oil prices showed mixed trade on Thursday, while U.S. crude climbed for a third consecutive session, supported by low inventory levels stateside.

New York-traded West Texas Intermediate crude futures gained 26 cents, or 0.37%, at $71.03 a barrel by 5:06 AM ET (9:06 GMT).

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., slipped 7 cents, or 0.09%, to $79.33.

The Energy Information Administration reported on Wednesday that crude stockpiles hit a 3.5-year low while gasoline inventories registered a much larger-than-expected draw.

Meanwhile, eyes were on Iran as U.S. sanctions were impacting supply. Bloomberg reported on Tuesday that Iranian oil exports had fallen by 35% since May, when U.S. President Donald Trump announced crude sanctions on the producer, which will take effect in November.

The OPEC and other non-OPEC members led by Russia are set to meet on Sunday in Algeria to discuss how to share supply increases to offset the loss of Iranian supply, although sources told Reuters that no immediate action was planned.

However, de facto OPEC leader Saudi Arabia said Tuesday that the country is comfortable with oil prices above $80, signaling the largest oil maker might not increase output to send the price lower.

In other energy trading, gasoline futures gained 0.26% to $2.0283 a gallon by 5:13 AM ET (9:13 GMT), while heating oil rose 0.39% to $2.2554 a gallon.

Lastly, natural gas futures traded down 0.24% to $2.901 per million British thermal units.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC0R0QY_M.jpg © Reuters.

Philippines stocks lower at close of trade; PSEi Composite down 1.20%

– Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Mining&Oil and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 1.20% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 4.77% or 0.190 points to trade at 4.170 at the close. Meanwhile, Jollibee Foods Corp (PS:JFC) added 2.65% or 7.00 points to end at 271.00 and JG Summit Holdings Inc (PS:JGS) was up 1.73% or 0.900 points to 53.000 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 4.03% or 1.850 points to trade at 44.100 at the close. LT Group Inc (PS:LTG) declined 3.79% or 0.600 points to end at 15.240 and SM Investments Corp (PS:SM) was down 3.15% or 28.00 points to 862.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 111 to 81 and 33 ended unchanged.

Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 5-year lows; down 4.03% or 1.850 to 44.100. Shares in LT Group Inc (PS:LTG) fell to 52-week lows; falling 3.79% or 0.600 to 15.240.

Gold Futures for December delivery was down 0.12% or 1.40 to $1206.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.55% or 0.39 to hit $71.16 a barrel, while the November Brent oil contract rose 0.16% or 0.13 to trade at $79.53 a barrel.

CNY/PHP was up 0.16% to 7.8911, while USD/PHP rose 0.40% to 54.099.

The US Dollar Index Futures was down 0.17% at 93.96.

]]> https://i-invdn-com.akamaized.net/news/manila_phillipnes_M_1440051502.jpg

UK Retail Sales Rise by 0.3% in August

- UK retail sales rose fell 0.3% in August, the Office for National Statistics said on Thursday.

This was compared to a 0.9% increase in the previous month.

Economists had forecast a 0.1% drop.

Year-on-year, retail sales rose by 3.3% last month.

Analysts had penciled in a 2.3% gain.

Sales in July advanced 3.8% from the year before.

Core retail sales, which exclude automobile sales and fuel, increased by 0.3% in August, after rising 1.1% a month earlier.

Economists had expected a 0.2% decline.

Year-on-year, core retail sales rose 3.5% in August, compared to expectations for a 2.5% increase.

A month earlier, they registered a 4.0% advance which was revised up from an initial 3.7% rise.

“Retail sales remained strong in the three months to August, with continued growth across all sectors,” ONS statistician Rhian Murphy said.

“Food and household goods stores particularly benefited from the warm weather when compared with last summer,” she added.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAAK0N4_M.jpg © Reuters.

China stocks lower at close of trade; Shanghai Composite down 0.06%

– China stocks were lower after the close on Thursday, as losses in the Oil Equipment Services&Distribution, Life Insurance and Gas, Water&Multiutilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.06%, while the SZSE Component index fell 0.17%.

The best performers of the session on the Shanghai Composite were Ningbo Tuopu Group Co Ltd (SS:601689), which rose 10.03% or 1.530 points to trade at 16.790 at the close. Meanwhile, Guizhou Changzheng Tiancheng Holding Co Ltd (SS:600112) added 10.03% or 0.330 points to end at 3.620 and DELIXI XINJIANG Transportation Co Ltd (SS:603032) was up 10.00% or 2.55 points to 28.05 in late trade.

The worst performers of the session were Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678), which fell 10.00% or 0.830 points to trade at 7.470 at the close. Pengxin International Mining Co Ltd (SS:600490) declined 10.00% or 0.78 points to end at 7.02 and Chongqing Zaisheng Technology Co Ltd (SS:603601) was down 7.08% or 0.53 points to 6.96.

The top performers on the SZSE Component were Talkweb Information System Co Ltd (SZ:002261) which rose 10.12% to 4.680, Shenzhen Zhenye Group Co Ltd (SZ:000006) which was up 10.04% to settle at 6.14 and Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which gained 10.03% to close at 3.29.

The worst performers were Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 9.99% to 22.88 in late trade, Xinzhi Motor Co Ltd (SZ:002664) which lost 9.96% to settle at 12.38 and Taiji Computer Corp Ltd (SZ:002368) which was down 5.56% to 28.90 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 888 to 466 and 99 ended unchanged.

Shares in Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678) fell to 3-years lows; falling 10.00% or 0.830 to 7.470. Shares in Pengxin International Mining Co Ltd (SS:600490) fell to 52-week lows; down 10.00% or 0.78 to 7.02. Shares in Chongqing Zaisheng Technology Co Ltd (SS:603601) fell to 3-years lows; falling 7.08% or 0.53 to 6.96. Shares in Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) fell to 52-week lows; down 9.99% or 2.54 to 22.88. Shares in Xinzhi Motor Co Ltd (SZ:002664) fell to 3-years lows; falling 9.96% or 1.37 to 12.38.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.04.

Gold Futures for December delivery was down 0.07% or 0.80 to $1207.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.49% or 0.35 to hit $71.12 a barrel, while the November Brent oil contract rose 0.21% or 0.17 to trade at $79.57 a barrel.

USD/CNY was down 0.00% to 6.8494, while EUR/CNY rose 0.23% to 8.0128.

The US Dollar Index Futures was down 0.16% at 93.97.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB8R00J_M.jpg © Reuters.

Australia stocks lower at close of trade; S&P/ASX 200 down 0.31%

– Australia stocks were lower after the close on Thursday, as losses in the A-REITs, Industrials and Consumer Staples sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 lost 0.31%.

The best performers of the session on the S&P/ASX 200 were Ausdrill Ltd (AX:ASL), which rose 6.99% or 0.115 points to trade at 1.760 at the close. Meanwhile, Pilbara Minerals Ltd (AX:PLS) added 6.88% or 0.055 points to end at 0.855 and Evolution Mining Ltd (AX:EVN) was up 6.74% or 0.180 points to 2.850 in late trade.

The worst performers of the session were Washington H Soul Pattinson&Co Ltd (AX:SOL), which fell 6.16% or 1.580 points to trade at 24.080 at the close. Vocus Group Ltd (AX:VOC) declined 5.41% or 0.170 points to end at 2.970 and Brickworks Ltd (AX:BKW) was down 5.15% or 0.880 points to 16.210.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 608 to 554 and 366 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.97% to 11.711.

Gold Futures for December delivery was up 0.15% or 1.80 to $1210.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.64% or 0.45 to hit $71.22 a barrel, while the November Brent oil contract rose 0.38% or 0.30 to trade at $79.70 a barrel.

AUD/USD was down 0.04% to 0.7259, while AUD/JPY fell 0.18% to 81.40.

The US Dollar Index Futures was down 0.05% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPECB61PM_M.jpg © Reuters.

Asian Markets Turn Negative; Tencent Music Seeks $2 Billion in U.S. Listing

- Asian stocks reversed early gains and turned negative in afternoon trade on Thursday.

China’s Shanghai Composite and the Shenzhen Component both traded 0.1% lower by 1:30AM ET (05:30 GMT), while Hong Kong’s Hang Seng Index also edged down 0.2.

Rob Carnell, chief economist and head of research, Asia-Pacific at ING, said he saw more reasons to take a “glass-is-half-full” approach given the recent emerging market selloff.

“It’s not my natural state of being at all, but I’m always looking for the bad in things, and there’s plenty out there, and the markets don’t really seem to be responding all that much,” Carnell said.

Chinese news agency Xinhua reported on Wednesday that Alibaba (NYSE:BABA) chairman Jack Ma no longer promises to create 1 million jobs in the U.S. following recent trade development.

"This commitment is based on friendly China-U.S. cooperation and the rational and objective premise of bilateral trade," Ma told Xinhua on Wednesday.

"The current situation has already destroyed the original premise. There is no way to deliver the promise," he added.

Tencent Music, the subsidiary of tech giant Tencent Holdings Ltd (HK:0700), is looking to raise around $2 billion in a U.S. listing, down from the $4 billion touted before, according to sources from Reuters.

The company is said to have filed for the IPO on Sept. 7 with the U.S. Securities and Exchange Commission in what might be one of the biggest listings in New York by a Chinese firm in 2018.

Meanwhile, New Zealand’s Q2 GDP report was in focus as data from the Stats NZ showed the country’s economic growth topped estimates. GDP rose 1% quarter-on-quarter in the three months through June and outperformed the general consensus of a 0.7% increase.

“The solid rise in GDP in the second quarter will give the RBNZ more confidence in its view that GDP growth will rise back above 3% next year. In contrast, we believe that low confidence, a soft housing market and easing net migration will result in growth slowing further next year, perhaps to around 2%,” said Capital Economics economist Paul Dales.

The kiwi rose following the data release, while Australia’s S&P/ASX 200 slipped 0.4%.

South Korea’s KOSPI outperformed its regional peers and gained 0.8% as North Korean leader Kim Jong-un and his South Korean counterpart Moon Jae-in held two days of talks in Pyongyang, the first visit by a South Korean leader to the North Korean capital in 11 years.

Elsewhere, Japan’s Nikkei 225 slipped 0.01%. Japan’s Prime Minister Shinzo Abe is expected to win a ruling party leadership vote this week, CNBC reported.

Looking ahead, markets would be paying close attention to next week’s Federal Reserve meeting. The U.S. central bank is widely expected to hike rates and discuss paths for future rate hikes.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB5F0CM_M.jpg © Reuters.

Gold Prices Trade Higher as Dollar Softens on Easing Trade Concerns

- Gold prices traded higher on Thursday, after rising in the previous session, as the dollar weakened amid easing trade concerns between the U.S. and China.

Gold futures for December delivery gained 0.17% to $1,210.40 per troy ounce at 1:00AM ET (05:00 GMT) on the Comex division of the New York Mercantile Exchange.

The precious metal has dropped about 11.6% from a peak in April as escalating U.S.-China trade dispute and rising U.S. interest rates were cited as catalysts for the selling in gold prices.

Meanwhile, the U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 94.11.

Reports of the tariffs imposed by the U.S. and China on each other's goods being set at lower levels than expected were cited as headwind for the dollar prices, which is widely seen as safe-haven assets.

The dollar was also under pressure after a report said that the U.S. and Canada are unlikely to reach an agreement on NAFTA this week.

“The risk (sentiment) is sort of flattening, but that’s also taking wind out of the safe-haven appeal of the U.S. dollar (helping gold) ... For gold to break $1,210, we need to see the dollar weakening against the emerging market currencies as well as the euro,” said Stephen Innes, APAC trading head, OANDA.

“However, there is not much of a safe-haven appeal (for gold) as the market is not packing in a lot of punch to trade war.”

Looking ahead, markets would be paying close attention to next week’s Federal Reserve meeting. The U.S. central bank is widely expected to hike rates and discuss paths for future rate hikes.

Higher rates dent demand for non-interest yielding gold and in turn boost the dollar in which it is priced.

]]> https://i-invdn-com.akamaized.net/news/gold_2_M_1440047838.jpg

Tencent Music Eyes $2 billion IPO in New York

- Tencent Music Entertainment Group, China’s largest music-streaming firm, is looking to raise around $2 billion in a U.S. listing, down from the $4 billion touted before, according to sources from Reuters.

The company is said to have filed for the IPO on Sept. 7 with the U.S. Securities and Exchange Commission in what might be one of the biggest listings in New York by a Chinese firm in 2018.

The company was seeking a valuation of about $25 billion before, according to sources from Reuters, but it did not mention if the potential valuation has changed. Its rival, Baidu’s iQiyi, had a $2.42 billion IPO in March this year.

Tencent Music, the subsidiary of tech giant Tencent Holdings Ltd (HK:0700), operates music service providers QQ Music, KuGou and Kuwo, accounting for about three quarters of the country’s music streaming market.

Tencent Music plans to launch its IPO on Oct. 18, with Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) as underwriters.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB0Q0HK_M.jpg © Reuters.

Oil Prices Rise as U.S. Crude Stocks Hit 3.5-year Low

- Oil prices climbed on Thursday morning in Asia as data from the Energy Information Administration (EIA) showed U.S. crude inventories fell to a 3.5-year low in the week of Sept. 14.

Crude Oil WTI Futures for November delivery went up 0.59% to $71.19 per barrel at 11:38PM ET (03:38 GMT), while Brent Oil Futures for November delivery also rose 0.24% to $79.59 a barrel.

The EIA reported on Wednesday that crude inventories dropped by 2.1 million barrels, slightly less than expectations of a fall of 2.7 million barrels, while the demand for gasoline in the country rose.

“It was a squarely bullish report. The summer-like demand from drivers is proving unrelenting,” said John Kilduff, partner at Again Capital Management in New York.

Yet, on Tuesday, the American Petroleum Institute (API) released data that showed an increase of 1.2 million barrels in U.S. crude stocks to 397.1 million in the week to Sept. 14.

Bloomberg also reported on Tuesday that Iranian oil exports fell by 35% since May, when U.S. President Donald Trump announced crude sanctions on the oil producer, which will take effect in November.

The OPEC and other non-OPEC members are set to meet on Sunday in Algeria to discuss how to share the supply increases to offset the loss of Iranian supply, but sources told Reuters that no immediate action was planned.

OPEC member Saudi Arabia said on Tuesday that the country is comfortable with oil prices above $80, signaling the largest oil maker might not increase output to send the price down.

Amidst the escalating trade tensions between Washington and Beijing, after Trump announced 10% tariff on $200 billion worth of Chinese products, China retaliated by slapping tariffs on $60 billion worth of U.S. goods, including liquefied natural gas.

It could hurt the LNG industry in the U.S., according to S&P Global Platts’ gas and power analytics. “It’s a big deal for the U.S.-China gas trade. The tariffs will push Chinese buyers to other sellers in Asia and the Middle East because the U.S. will no longer be considered a low cost option.”

]]> https://i-invdn-com.akamaized.net/news/oil_2_M_1440047844.jpg

Asian Equities Follow U.S. Shares Higher; New Zealand Q2 GDP Outperforms Forecasts

- Asian stocks were mostly higher in morning trade on Thursday, following a second day of gains on Wall Street as traders expected the impact of the U.S.-China trade war would be smaller than previously feared.

Overnight, the Dow Jones Industrial Average ended 0.6% higher, its highest close since late January, while the S&P 500 gained 0.1%.

The 10-year treasuries yield reached 3.09% on Wednesday, its highest level since May.

New Zealand’s Q2 GDP was in focus as data from the Stats NZ showed the country’s economic growth topped estimates. GDP rose 1% quarter-on-quarter in the three months through June and outperformed the general consensus of a 0.7% increase.

“The solid rise in GDP in the second quarter will give the RBNZ more confidence in its view that GDP growth will rise back above 3% next year. In contrast, we believe that low confidence, a soft housing market and easing net migration will result in growth slowing further next year, perhaps to around 2 per cent,” said Capital Economics economist Paul Dales.

The New Zealand dollar rose following the data release, while the ASX slipped 0.2% by 9:45PM ET (01:45 GMT).

Meanwhile, South Korea’s KOSPI rose 0.8% as U.S. Secretary of State Michael Pompeo called for a new round of talks with Pyongyang. The U.S. is hoping to achieve the goal of denuclearization by the end of President Donald Trump’s first term, reports suggested.

Separately, North Korean leader Kim Jong-un and his South Korean counterpart Moon Jae-in held two days of talks in Pyongyang, the first visit by a South Korean leader to the North Korean capital in 11 years.

Elsewhere, Japan’s Nikkei 225 inched up 0.2% in morning trade. Japan’s Prime Minister Shinzo Abe is expected to win a ruling party leadership vote this week, CNBC reported.

In China, the Shanghai Composite and the SZSE Component both traded 0.1% higher, while Hong Kong’s Hang Seng Index was also up 0.6%.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6H0CU_M.jpg © Reuters.

Peru stocks higher at close of trade; S&P Lima General up 1.54%

– Peru stocks were higher after the close on Wednesday, as gains in the Mining, Industrials and Banking&Financials sectors led shares higher.

At the close in Lima, the S&P Lima General gained 1.54%.

The best performers of the session on the S&P Lima General were Casa Grande (LM:CSG), which rose 6.85% or 0.250 points to trade at 3.900 at the close. Meanwhile, Buenaventura (LM:BVN) added 6.45% or 0.790 points to end at 13.040 and Trevali Mining (LM:TV) was up 5.66% or 0.030 points to 0.560 in late trade.

The worst performers of the session were PPX Mining Corp (LM:PPX), which unchanged 1.43% or 0.00 points to trade at 0.07 at the close. ENGIE Energia Peru SA (LM:ENGI) declined 0.73% or 0.050 points to end at 6.780 and Relapasa (LM:REL) was 0.00% or 0.000 points to 0.154.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 18 to 3 and 9 ended unchanged.

Crude oil for November delivery was up 2.05% or 1.43 to $71.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November unchanged 0.00% or 0.00 to hit $79.34 a barrel, while the December Gold Futures contract rose 0.48% or 5.80 to trade at $1208.70 a troy ounce.

USD/PEN was down 0.15% to 3.3007, while EUR/PEN rose 0.04% to 3.8560.

The US Dollar Index Futures was down 0.11% at 94.12.

]]> https://i-invdn-com.akamaized.net/news/Lima_Stock_Exchange_M_1440056415.jpg

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.15%

– Mexico stocks were lower after the close on Wednesday, as losses in the Financial Services, Telecoms Services and Healthcare sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC fell 0.15%.

The best performers of the session on the S&P/BMV IPC were VOLARIS A (MX:VOLARA), which rose 4.04% or 0.59 points to trade at 15.18 at the close. Meanwhile, GMexico Transportes SA de CV (MX:GMXT) added 2.55% or 0.770 points to end at 31.000 and Wal - Mart De Mexico, SAB De CV (MX:WALMEX) was up 2.13% or 1.170 points to 56.070 in late trade.

The worst performers of the session were Grupo Financiero Banorte (MX:GFNORTEO), which fell 2.09% or 2.790 points to trade at 130.910 at the close. PINFRA SAB De CV (MX:PINFRA) declined 1.30% or 2.66 points to end at 201.24 and Fomento Economico Mexicano UBD (MX:FMSAUBD) was down 1.17% or 2.17 points to 182.77.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 172 to 129 and 19 ended unchanged.

Gold Futures for December delivery was up 0.48% or 5.80 to $1208.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.71% or 1.19 to hit $70.78 a barrel, while the November Brent oil contract rose 0.28% or 0.22 to trade at $79.25 a barrel.

USD/MXN was down 0.28% to 18.7540, while EUR/MXN fell 0.19% to 21.8985.

The US Dollar Index Futures was down 0.12% at 94.11.

]]> https://i-invdn-com.akamaized.net/news/Mexican_Stock_Exchange_M_1440056303.jpg

Brazil stocks lower at close of trade; Bovespa down 0.24%

– Brazil stocks were lower after the close on Wednesday, as losses in the Public Utilities, Electric Power and Consumption sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 0.24%.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 3.88% or 0.31 points to trade at 8.31 at the close. Meanwhile, Kroton Educacional SA (SA:KROT3) added 3.28% or 0.34 points to end at 10.70 and B2W Cia Digital (SA:BTOW3) was up 2.23% or 0.60 points to 27.50 in late trade.

The worst performers of the session were Viavarejo Unt (SA:VVAR11), which fell 6.48% or 1.10 points to trade at 15.88 at the close. Centrais Eletricas Brasileiras SA (SA:ELET6) declined 4.53% or 0.86 points to end at 18.12 and CCR SA (SA:CCRO3) was down 4.19% or 0.38 points to 8.68.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 243 to 192 and 30 ended unchanged.

Shares in CCR SA (SA:CCRO3) fell to 5-year lows; down 4.19% or 0.38 to 8.68.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 9.24% to 45.36.

Gold Futures for December delivery was up 0.48% or 5.80 to $1208.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.62% or 1.13 to hit $70.72 a barrel, while the December US coffee C contract rose 0.63% or 0.60 to trade at $96.45 .

USD/BRL was down 0.82% to 4.1288, while EUR/BRL fell 0.66% to 4.8215.

The US Dollar Index Futures was down 0.13% at 94.10.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7N133_M.jpg © Reuters.

Colombia stocks lower at close of trade; COLCAP down 0.27%

– Colombia stocks were lower after the close on Wednesday, as losses in the Industrials, Investment and Agriculture sectors led shares lower.

At the close in Colombia, the COLCAP declined 0.27%.

The best performers of the session on the COLCAP were Avianca Holdings Pf (CN:AVT_p), which rose 3.34% or 70.0 points to trade at 2165.0 at the close. Meanwhile, Promigas (CN:PMG) added 2.84% or 190.0 points to end at 6890.0 and Bancolombia Pf (CN:BIC_p1) was up 2.53% or 780.0 points to 31600.0 in late trade.

The worst performers of the session were Conconcret (CN:CIC), which fell 4.44% or 16.0 points to trade at 344.0 at the close. Ecopetrol SA (CN:ECO) declined 2.28% or 90.0 points to end at 3850.0 and Corporacion Financiera Colombiana SA (CN:CFV) was down 3.08% or 700.0 points to 22000.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 16 to 9 and 3 ended unchanged.

Shares in Corporacion Financiera Colombiana SA (CN:CFV) fell to 5-year lows; down 3.08% or 700.0 to 22000.0.

US coffee C for December delivery was up 0.63% or 0.60 to $96.45 . Elsewhere in commodities trading, US cocoa for delivery in December fell 2.58% or 58.00 to hit $2189.00 , while the December Gold Futures contract rose 0.45% or 5.40 to trade at $1208.30 a troy ounce.

USD/COP was up 0.83% to 3030.00, while BRL/COP rose 1.14% to 733.57.

The US Dollar Index Futures was down 0.10% at 94.13.

]]> https://i-invdn-com.akamaized.net/news/Colombian_Securities_Exchange_M_1440056298.jpg

Ethereum Dips Below 199.77 Level, Down 4.85%

- Ethereum fell bellow the $199.77 level on Wednesday. Ethereum was trading at 199.77 by 15:02 (19:02 GMT) on the Index, down 4.85% on the day. It was the largest one-day percentage loss since September 17.

The move downwards pushed Ethereum's market cap down to $20.86B, or 10.70% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $199.21 to $214.91 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 14.78%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.44B or 12.96% of the total volume of all cryptocurrencies. It has traded in a range of $183.11 to $259.37 in the past 7 days.

At its current price, Ethereum is still down 85.96% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,148.3 on the Index, down 3.00% on the day.

XRP was trading at $0.31236 on the Index, a loss of 2.33%.

Bitcoin's market cap was last at $108.00B or 55.37% of the total cryptocurrency market cap, while XRP's market cap totaled $12.57B or 6.44% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPED831IK_M.jpg © Reuters.

Bank of America Rises 3.06%

- Bank of America (NYSE:BAC) rose by 3.06% to trade at $31.14 by 14:13 (18:13 GMT) on Wednesday on the NYSE exchange.

The volume of Bank of America shares traded since the start of the session was $55.83M. Bank of America has traded in a range of $30.13 to $31.14 on the day.

The stock has traded at $31.14 at its highest and $30.08 at its lowest during the past seven days.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED0C0KP_M.jpg © Reuters.

Dollar Falters as Emerging-Markets Currencies Steady

- The dollar fell against its rivals on Wednesday, shrugging off mostly upbeat U.S. economic data as emerging market currencies made a stand against the greenback on improved sentiment.

The U.S. dollar index, which measures the green against a trade-weighted basket of six major currencies, fell by 0.18% to 94.05.

U.S. housing activity for August was mixed, as building permits undershot economists' expectations, while housing starts beat.

The Commerce Department said Wednesday U.S. homebuilding rose 9.2% to a seasonally adjusted annual rate of 1.282 million units in August, well above economists’ estimates for a 5.8% increase.

The report also highlighted a sharp 5.7% decline in building permits to a rate of 1.229 million units, missing forecasts for a 0.1% decline.

The Bureau of Economic Analysis reported the U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from a revised $121.7 billion in the first quarter of 2018.

Yet the dollar was pressured by a rise in emerging market currencies, led by a firmer lira as investors weighed up the outcome of Turkey's medium-term economic program slated for Thursday.

USD/TRY fell 1.69% to 6.2690.

In a sign of improving sentiment on developing economies, JPMorgan's EM Local Government Bond exchange-traded fund received $169 million in inflows on Tuesday, the highest inflow since June 2017.

Elsewhere, GBP/USD rose 0.14% in a volatile session as gains from stronger U.K. inflation were mostly erased by Brexit-related angst.

Investors are awaiting clues on the EU's reaction to Britain's Chequers proposal revealed in July, as EU leaders meet on Wednesday. The proposal sets out rules that will govern the U.K's future relationship with the EU after Brexit.

Rabobank warned of reading too much into the EU's response to the proposal, as U.K. Prime Minister May would still have to get the plans approved by parliament.

"This would keep political uncertainty elevated and any relief rally in the pound on the news of a deal will likely be capped," the bank said.

EUR/USD rose 0.19% to $1.1687, while USD/CAD fell 0.32% to $1.2933.

The Canadian dollar was supported by a rise in oil prices, but reports that a US-Canada trade deal was unlikely to be agreed this week kept gains in check.

USD/JPY fell 0.19% to Y112.16 as the Bank of Japan stood pat on monetary policy overnight.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5N005_M.jpg © Reuters.

Portugal stocks higher at close of trade; PSI 20 up 0.22%

– Portugal stocks were higher after the close on Wednesday, as gains in the Basic Materials, Financials and Consumer Services sectors led shares higher.

At the close in Lisbon, the PSI 20 added 0.22%.

The best performers of the session on the PSI 20 were Banco Comercial Portugues (LS:BCP), which rose 1.60% or 0.0040 points to trade at 0.2534 at the close. Meanwhile, The Navigator Company SA (LS:NVGR) added 1.16% or 0.0500 points to end at 4.3600 and J. Martins SGPS (LS:JMT) was up 1.08% or 0.1400 points to 13.1500 in late trade.

The worst performers of the session were Altri SGPS (LS:ALSS), which fell 1.07% or 0.0900 points to trade at 8.3000 at the close. REN (LS:RENE) declined 0.98% or 0.0240 points to end at 2.4320 and Sonae Capital (LS:SONAC) was down 0.50% or 0.0040 points to 0.7960.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 17 to 15 and 7 ended unchanged.

Shares in Sonae Capital (LS:SONAC) fell to 52-week lows; losing 0.50% or 0.0040 to 0.7960.

Brent oil for November delivery was up 0.32% or 0.25 to $79.28 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.18% or 0.82 to hit $70.41 a barrel, while the December Gold Futures contract rose 0.52% or 6.20 to trade at $1209.10 a troy ounce.

EUR/USD was up 0.20% to 1.1688, while EUR/GBP rose 0.03% to 0.8876.

The US Dollar Index Futures was down 0.19% at 94.04.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB2I11L_M.jpg © Reuters.

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.44%

– Denmark stocks were lower after the close on Wednesday, as losses in the Financials, Personal&Household Goods and Consumer Goods sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.44% to hit a new 1-month low.

The best performers of the session on the OMX Copenhagen 20 were Oersted A/S (CO:ORSTED), which rose 1.84% or 7.50 points to trade at 415.40 at the close. Meanwhile, FLSmidth&Co. (CO:FLS) added 1.83% or 7.0 points to end at 390.1 and AP Moeller - Maersk A/S B (CO:MAERSKb) was up 1.62% or 148 points to 9294 in late trade.

The worst performers of the session were Danske Bank A/S (CO:DANSKE), which fell 3.35% or 5.8 points to trade at 169.0 at the close. Genmab (CO:GEN) declined 2.63% or 27.5 points to end at 1017.0 and Ambu A/S (CO:AMBUb) was down 2.19% or 4.0 points to 178.4.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 59 to 58 and 22 ended unchanged.

Crude oil for November delivery was up 1.14% or 0.79 to $70.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.24% or 0.19 to hit $79.22 a barrel, while the December Gold Futures contract rose 0.48% or 5.80 to trade at $1208.70 a troy ounce.

USD/DKK was down 0.16% to 6.3845, while EUR/DKK fell 0.01% to 7.4600.

The US Dollar Index Futures was down 0.17% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB0508S_M.jpg © Reuters.

France stocks higher at close of trade; CAC 40 up 0.56%

– France stocks were higher after the close on Wednesday, as gains in the Basic Materials, Financials and Consumer Services sectors led shares higher.

At the close in Paris, the CAC 40 rose 0.56%, while the SBF 120 index climbed 0.39%.

The best performers of the session on the CAC 40 were Valeo SA (PA:VLOF), which rose 4.28% or 1.61 points to trade at 39.27 at the close. Meanwhile, ArcelorMittal SA (AS:MT) added 3.93% or 1.020 points to end at 26.950 and Peugeot SA (PA:PEUP) was up 3.08% or 0.75 points to 25.14 in late trade.

The worst performers of the session were Engie SA (PA:ENGIE), which fell 2.09% or 0.26 points to trade at 12.17 at the close. Veolia Environnement VE SA (PA:VIE) declined 1.46% or 0.255 points to end at 17.225 and Hermes International SCA (PA:HRMS) was down 1.31% or 7.20 points to 543.00.

The top performers on the SBF 120 were Faurecia (PA:EPED) which rose 5.22% to 53.64, Valeo SA (PA:VLOF) which was up 4.28% to settle at 39.27 and ArcelorMittal SA (AS:MT) which gained 3.93% to close at 26.950.

The worst performers were Trigano (PA:TRIA) which was down 8.96% to 115.90 in late trade, Tarkett (PA:TKTT) which lost 6.16% to settle at 22.54 and GTT (PA:GTT) which was down 5.35% to 64.55 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 291 to 269 and 102 ended unchanged.

Shares in Engie SA (PA:ENGIE) fell to 52-week lows; losing 2.09% or 0.26 to 12.17. Shares in Veolia Environnement VE SA (PA:VIE) fell to 52-week lows; losing 1.46% or 0.255 to 17.225.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 4.11% to 12.79.

Gold Futures for December delivery was up 0.49% or 5.90 to $1208.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.14% or 0.79 to hit $70.38 a barrel, while the November Brent oil contract rose 0.24% or 0.19 to trade at $79.22 a barrel.

EUR/USD was up 0.16% to 1.1684, while EUR/GBP rose 0.03% to 0.8876.

The US Dollar Index Futures was down 0.17% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/PARIS-STOCK-EXCHANGE_M_1440048730.jpg

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.33%

– Italy stocks were higher after the close on Wednesday, as gains in the Travel&Leisure, Financials and Chemicals sectors led shares higher.

At the close in Milan, the Italy 40 added 0.33% to hit a new 1-month high.

The best performers of the session on the Italy 40 were Buzzi Unicem (MI:BZU), which rose 2.19% or 0.41 points to trade at 18.92 at the close. Meanwhile, Exor NV (MI:EXOR) added 2.12% or 1.18 points to end at 56.96 and Fiat Chrysler Automobiles NV (MI:FCHA) was up 1.82% or 0.274 points to 15.364 in late trade.

The worst performers of the session were Prysmian (MI:PRY), which fell 2.66% or 0.59 points to trade at 21.63 at the close. Italgas SpA (MI:IG) declined 1.98% or 0.097 points to end at 4.790 and Davide Campari Milano SpA (MI:CPRI) was down 1.43% or 0.10 points to 7.25.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 204 to 154 and 35 ended unchanged.

Crude oil for November delivery was up 1.08% or 0.75 to $70.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.18% or 0.14 to hit $79.17 a barrel, while the December Gold Futures contract rose 0.49% or 5.90 to trade at $1208.80 a troy ounce.

EUR/USD was up 0.16% to 1.1684, while EUR/GBP rose 0.02% to 0.8875.

The US Dollar Index Futures was down 0.17% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB880ZD_M.jpg © Reuters.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.40%

– U.K. stocks were higher after the close on Wednesday, as gains in the Industrial Metals&Mining, Mining and Life Insurance/Assurance sectors led shares higher.

At the close in London, the United Kingdom 100 rose 0.40%.

The best performers of the session on the United Kingdom 100 were Antofagasta PLC (LON:ANTO), which rose 5.87% or 46.40 points to trade at 837.00 at the close. Meanwhile, Anglo American PLC (LON:AAL) added 5.05% or 79.60 points to end at 1655.60 and Prudential PLC (LON:PRU) was up 3.70% or 61.50 points to 1725.50 in late trade.

The worst performers of the session were Kingfisher PLC (LON:KGF), which fell 6.30% or 16.60 points to trade at 247.00 at the close. National Grid PLC (LON:NG) declined 2.69% or 21.40 points to end at 773.90 and Royal Mail PLC (LON:RMG) was down 2.37% or 11.50 points to 474.10.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1084 to 951 and 309 ended unchanged.

Shares in Kingfisher PLC (LON:KGF) fell to 5-year lows; falling 6.30% or 16.60 to 247.00.

Gold Futures for December delivery was up 0.46% or 5.50 to $1208.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.03% or 0.72 to hit $70.31 a barrel, while the November Brent oil contract rose 0.14% or 0.11 to trade at $79.14 a barrel.

GBP/USD was up 0.08% to 1.3159, while EUR/GBP rose 0.06% to 0.8878.

The US Dollar Index Futures was down 0.14% at 94.09.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7O0CS_M.jpg © Reuters.

Turkey stocks higher at close of trade; BIST 100 up 1.81%

– Turkey stocks were higher after the close on Wednesday, as gains in the Banking, Financials and Real Estate Investments sectors led shares higher.

At the close in Istanbul, the BIST 100 gained 1.81% to hit a new 1-month high.

The best performers of the session on the BIST 100 were Turkiye Sinai Kalkinma Bankasi AS (IS:TSKB), which rose 7.69% or 0.060 points to trade at 0.840 at the close. Meanwhile, Akbank TAS (IS:AKBNK) added 7.35% or 0.43 points to end at 6.28 and Turkiye Garanti Bankasi (IS:GARAN) was up 7.10% or 0.44 points to 6.64 in late trade.

The worst performers of the session were Kartonsan Karton Sanayi ve Ticaret AS (IS:KARTN), which fell 5.04% or 17.40 points to trade at 327.60 at the close. Soda Sanayi AS (IS:SODA) declined 2.06% or 0.150 points to end at 7.140 and BIM Birlesik Magazalar AS (IS:BIMAS) was down 1.54% or 1.20 points to 76.70.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 239 to 107 and 60 ended unchanged.

Gold Futures for December delivery was up 0.50% or 6.00 to $1208.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.06% or 0.74 to hit $70.33 a barrel, while the November Brent oil contract rose 0.18% or 0.14 to trade at $79.17 a barrel.

USD/TRY was down 1.82% to 6.2691, while EUR/TRY fell 1.61% to 7.3330.

The US Dollar Index Futures was down 0.19% at 94.04.

]]> https://i-invdn-com.akamaized.net/news/Istanbul_Stock_Exchange_M_1440056245.jpg

Stocks - Midday Movers: Tilray and Trivago Take Off

- There was no ignoring cannabis stocks again midday as Tilray skyrocketed on momentum trading and hopes of a major partnership, rising more than 50%.

Tilray (NASDAQ:TLRY) stock gained about 50% at 12:14 AM ET (16:14 GMT).

The stock is up more than 600% since its July IPO and gains earlier this morning put its market cap ahead of American Airlines (NASDAQ:AAL), Clorox (NYSE:CLX) and CBS (NYSE:CBS).

Shares started jumping before the bell as CEO Brendan Kennedy told CNBC that partnerships between cannabis, alcohol and pharmaceutical companies could be forthcoming.

Other cannabis stocks saw some gains, with Cronos Group (NASDAQ:CRON) soaring about 24%, Aurora Cannabis Inc (OTC:ACBFF) up about 10% and Canopy Growth (NYSE:CGC) rising about 3%.

Travel website Trivago (NASDAQ:TRVG) jumped about 7% after a Boston hedge fund bought a large chunk of shares.

PAR Capital Management raised its stake in the company to 11% of outstanding shares earlier this week, according to an SEC filing.

And the S&P Utilities Sector index fell about 1.6% as bond yields rose on strong housing starts numbers.

Housing starts rose more than expected in August, pushing the yield on the 10-Year Treasury Note further above the psychologically important 3% level.

As investors expect the Federal Reserve to continue gradually raising rates, and bond prices fall, pushing yields up, dividend-paying stocks like utilities become less attractive.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB6Q0BF_M.jpg © Reuters.

Greece stocks higher at close of trade; Athens General Composite up 0.42%

– Greece stocks were higher after the close on Wednesday, as gains in the Retail, Oil&Gas and Financials sectors led shares higher.

At the close in Athens, the Athens General Composite added 0.42%.

The best performers of the session on the Athens General Composite were Karatzi (AT:KRTr), which rose 12.78% or 0.850 points to trade at 7.500 at the close. Meanwhile, Sarantiseg (AT:SRSr) added 5.51% or 0.38 points to end at 7.28 and Motor Oil Hellas Corinth Refineries SA (AT:MORr) was up 3.80% or 0.80 points to 21.85 in late trade.

The worst performers of the session were Athens Medical (AT:AMCr), which fell 3.74% or 0.040 points to trade at 1.030 at the close. Piraeus Bank SA (AT:BOPr) declined 3.52% or 0.076 points to end at 2.084 and Iaso (AT:IASr) was down 3.09% or 0.024 points to 0.752.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 55 to 51 and 16 ended unchanged.

Shares in Athens Medical (AT:AMCr) fell to 52-week lows; losing 3.74% or 0.040 to 1.030. Shares in Motor Oil Hellas Corinth Refineries SA (AT:MORr) rose to 5-year highs; up 3.80% or 0.80 to 21.85.

Gold Futures for December delivery was up 0.54% or 6.50 to $1209.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.51% or 1.05 to hit $70.64 a barrel, while the November Brent oil contract rose 0.46% or 0.36 to trade at $79.39 a barrel.

EUR/USD was up 0.09% to 1.1675, while EUR/GBP rose 0.02% to 0.8875.

The US Dollar Index Futures was down 0.07% at 94.15.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC4O0ND_M.jpg © Reuters.

Stocks - Wall Street Mixed as Trade War Drags On

- Wall Street was mixed on Wednesday as investors tried to shrug off trade war concerns.

The S&P 500 rose 3 points, or 0.11%, to 2,907.48 as of 9:51 AM ET (13:51 GMT), while the Dow increased 124 points, or 0.48%, to 26,372.55 and the tech-heavy Nasdaq Composite lost 8 points, or 0.11%, to 7,947.56.

On Tuesday, China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. Officials also filed a complaint against the U.S. with the World Trade Organization, as expected.

The announcement was in response to U.S. tariffs imposed Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year. U.S. President Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Meanwhile, White House economic adviser Kevin Hassett said that the administration was ready to move forward on a North American trade deal without Canada. He added that the end of September was the hard deadline for Canada to join in a trade deal with Mexico and the U.S.

Tesla (NASDAQ:TSLA) rose 0.94% after news that the U.S. Department of Justice is investigating Chief Executive Elon Musk’s tweets in August that he had “funding secured” to take the company private. Medical marijuana company Tilray (NASDAQ:TLRY) surged 25.32%, while Netflix (NASDAQ:NFLX) gained 1.50% and Boeing (NYSE:BA) rose 1.03%.

Elsewhere, Apple (NASDAQ:AAPL) fell 0.52%, while Amazon.com (NASDAQ:AMZN) was down 0.88%.

In Europe stocks were up. Germany’s DAX rose 33 points, or 0.28%, while in France the CAC 40 increased 24 points, or 0.45%, and in London the FTSE 100 was up 45 points, or 0.62%. Meanwhile, the pan-European Euro Stoxx 50 gained 7 points, or 0.21%, while Spain’s IBEX 35 surged 33 points, or 0.36%.

In commodities, gold futures rose 0.35% to $1,207.10 a troy ounce, while crude oil futures jumped 0.47% to $69.92 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, edged up 0.03% to 94.25.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPECBL0J0_M.jpg © Reuters.

U.S. Housing Starts Rise in August

- U.S. homebuilding rose in August, according to data released on Wednesday.

Housing starts increased 9.2% to a seasonally adjusted annual rate of 1.282 million units last month, the Commerce Department said.

Economists had forecast housing starts rising to a pace of 1.235 million units last month.

Building permits fell 5.7% to a rate of 1.229 million units in August.

Economists had forecast building permits decreasing to a pace of 1.310 million units last month.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB1O09Z_M.jpg © Reuters.

Stocks - Tilray Rockets in Pre-market; Tesla, Amazon Dip

- Stocks in focus in pre-market trade Wednesday:

• Tilray (NASDAQ:TLRY) stock soared 40.99% by 8:14 AM ET (12:14 GMT) as its chief executive, Brendan Kennedy, told CNBC that partnerships between cannabis, alcohol and pharmaceutical companies could be forthcoming.

• Tesla (NASDAQ:TSLA) stock slipped 0.65% after the company said Tuesday that the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric car maker private. Separately, Morgan Stanley (NYSE:MS) analysts said that the company could raise $2.5 billion in equity this year as it increases production and prepares to pay off maturing debt.

• McDonald’s (NYSE:MCD stock was down slightly after the European Union ended its state aid probe over the company’s controversial tax affairs with Luxembourg, according to three people familiar with the matter consulted by Bloomberg.

• Amazon (NASDAQ:AMZN) stock dipped 0.17% as company announced that it had launched activities in Turkey, offering products across 15 categories to customers across the country.

• Command Security (NYSE:MOC) stock skyrocketed 45.79% after the company announced that it would be acquired by Prosegur for $2.85 per share.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE430E8_M.jpg © Reuters.

Stocks- U.S. Futures Flat as Trade Tensions Continue

– U.S. futures pointed to a lower opening bell on Wednesday as investors remain wary of increasing trade war tensions.

The S&P 500 futures fell 1 and a half points or 0.04% to 2,910.50 as of 6:50 AM ET (10:50 GMT) while Dow futures gained 17 points, or 0.06%, to 26,318.0. Meanwhile tech heavy Nasdaq 100 futures increased half a point, or 0.01%, to 7,525.25.

On Tuesday China said it would impose new tariffs on U.S. goods worth $60 billion, effective September 24. Officials also filed a complaint against the U.S. with the World Trade Organization, as expected.

The announcement was in response to U.S. tariffs imposed Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year. U.S. President Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Tesla (NASDAQ:TSLA) inched down 0.18% in premarket trading, after news that the U.S. Department of Justice is investigating Chief Executive Elon Musk’s tweets in August that he had “funding secured” to take the company private.

Meanwhile, Advanced Micro Devices Inc (NASDAQ:AMD) fell 1.82% while Facebook (NASDAQ:FB) dipped 0.47%.

Elsewhere Jd.Com Inc Adr (NASDAQ:JD) rose 1.63% while Netflix (NASDAQ:NFLX) gained 0.84% and medical marijuana firm Tilray Inc (NASDAQ:TLRY) surged 18.05%.

In economic news, housing starts and building permits data come out at 8:30 AM ET (12:30 GMT).

In Europe stocks were mostly up. Germany’s DAX rose 32 points or 0.27% while in France the CAC 40 was up 15 points or 0.29% and in London the FTSE 100 increased 1 point or 0.01%. Meanwhile the pan-European Euro Stoxx 50 gained 2 points or 0.08% while Spain’s IBEX 35 fell 3 points or 0.03%.

In commodities, gold futures were up 0.45% to $1,208.30 a troy ounce while crude oil futures were flat at $69.59 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, fell 0.20% to 94.03.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7P15O_M.jpg © Reuters.

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.06%

– Sri Lanka stocks were higher after the close on Wednesday, as gains in the Footwear&Textile, Plantations and Information Technology sectors led shares higher.

At the close in Colombo, the CSE All-Share gained 0.06%.

The best performers of the session on the CSE All-Share were SMB Leasing PLC (CM:SEMB), which rose 25.00% or 0.1000 points to trade at 0.5000 at the close. Meanwhile, PCH Holdings PLC (CM:PCHH) added 25.00% or 0.100 points to end at 0.500 and Beruwala Resorts PLC (CM:BERU) was up 16.67% or 0.100 points to 0.700 in late trade.

The worst performers of the session were Alufab PLC (CM:ALUF), which fell 12.31% or 2.40 points to trade at 17.10 at the close. Amana Takaful Life Ltd (CM:ANTK) declined 8.26% or 0.90 points to end at 10.00 and Printcare PLC (CM:CARE) was down 7.89% or 2.40 points to 28.00.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 90 to 74 and 51 ended unchanged.

Shares in SMB Leasing PLC (CM:SEMB) rose to 5-year lows; gaining 25.00% or 0.1000 to 0.5000.

Crude oil for November delivery was up 0.03% or 0.02 to $69.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.04% or 0.03 to hit $79.06 a barrel, while the December Gold Futures contract rose 0.44% or 5.30 to trade at $1208.20 a troy ounce.

GBP/LKR was up 0.71% to 219.740, while USD/LKR rose 0.43% to 166.560.

The US Dollar Index Futures was down 0.23% at 94.00.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA601E0_M.jpg © Reuters.

Indonesia stocks higher at close of trade; IDX Composite Index up 1.06%

– Indonesia stocks were higher after the close on Wednesday, as gains in the Miscellaneous Industry, Manufacturing and Basic Industry sectors led shares higher.

At the close in Jakarta, the IDX Composite Index rose 1.06%.

The best performers of the session on the IDX Composite Index were Minna Padi Investama Tbk (JK:PADI), which rose 25.00% or 125 points to trade at 625 at the close. Meanwhile, Tifico Fiber Indonesia Tbk (JK:TFCO) added 25.00% or 170 points to end at 850 and Jakarta Setiabudi Internasional (JK:JSPT) was up 20.83% or 250.00 points to 1450.00 in late trade.

The worst performers of the session were Bank Artos Indonesia Tbk PT (JK:ARTO), which fell 23.46% or 42 points to trade at 137 at the close. Pudjiadi&Sons Tbk (JK:PNSE) declined 21.76% or 185 points to end at 665 and Argha Karya Prima Ind Tbk (JK:AKPI) was down 20.62% or 200 points to 770.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 218 to 159 and 125 ended unchanged.

Shares in Bank Artos Indonesia Tbk PT (JK:ARTO) fell to 52-week lows; losing 23.46% or 42 to 137. Shares in Pudjiadi&Sons Tbk (JK:PNSE) fell to 52-week lows; down 21.76% or 185 to 665.

Crude oil for November delivery was down 0.20% or 0.14 to $69.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.28% or 0.22 to hit $78.81 a barrel, while the December Gold Futures contract rose 0.37% or 4.50 to trade at $1207.40 a troy ounce.

USD/IDR was down 0.02% to 14879.0, while AUD/IDR rose 0.14% to 10758.85.

The US Dollar Index Futures was down 0.20% at 94.03.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC111HY_M.jpg © Reuters.

Top 5 Things to Know in the Market on Wednesday

- Here are the top five things you need to know in financial markets on Wednesday, September 19:

1. Trade dispute remains in focus

Market participants continued to watch developments in the U.S.-China trade dispute after the Trump administration said on Monday it will implement new tariffs of 10% on $200 billion of Chinese products on Sept. 24, with the tariffs to go up to 25% in January.

China hit back, saying it will levy duties on about $60 billion worth of U.S. goods, as previously planned, but cut the tariff rates.

Traders seemed to take the announcements in stride as both tariff levels were lower than originally thought.

China took what appeared to be a consolatory tone as Premier Li Keqiang told a World Economic Forum conference on Wednesday that such disputes must be resolved through consultation, stating that it was “essential that we uphold the basic principles of multilateralism and free trade”.

2. Housing data on tap

The focus on Wednesday’s economic calendar will be on home construction coming in before the bell.

Numbers on both housing starts and building permits arrive at 8:30 AM ET (12:30 GMT).

Housing starts are expected to have risen by 5.8% to an annual rate of 1.235 million in August.

But economists predict that building permits, an indicator of future activity, edged down 0.1% to a rate of 1.31 million in August.

On Tuesday, the National Association of Home Builders said its housing market index for September was unchanged from the month before at 67.

3. Global stocks look past trade angst

Global stocks took the recent developments in stride with shares in Asia ending Wednesday’s session with solid gains. Chinese stocks were buoyed by expectations that Beijing would implement stimulus to soften the economic blow from the Sino-U.S. trade war.

Meanwhile, European stocks shared in the optimism that the two sides would return to the negotiating table with miners and autos supporting the gains on Wednesday.

U.S. futures pointed to a pause on Wednesday after the prior session’s upward move as trade concerns simmered in the background. At 5:49 AM ET (9:49 GMT), the blue-chip Dow futures inched up 2 points, or 0.01%, S&P 500 futures slipped 2 points, or 0.06%, while the Nasdaq 100 futures edged forward 3 points, or 0.03%.

4. Morgan Stanley sees Tesla capital raise as DoJ investigates Musk

Analysts at Morgan Stanley predicted that Tesla (NASDAQ:TSLA) will need a $2.5 billion equity raise this year as the company increases production and prepares for the payment of maturing debt.

Chief executive Elon Musk has repeatedly said Tesla doesn’t need to raise capital as the electric-car maker’s finances improve and expects to generate positive cash flow in the second half of this year.

The analyst note comes as the company announced Tuesday that the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric car maker private.

5. Oil moves higher on build in API stockpiles

Oil traded slightly lower on Wednesday as stockpile data from the American Petroleum Institute showed a build of 1.25 million barrels in weekly crude stockpiles.

U.S. crude oil futures fell 0.14% to $69.49 by 5:50 AM ET (9:50 GMT), while Brent oil lost 0.20% to $78.87.

Traders are waiting for the weekly government data from the Energy Information Administration that will be released at 10:30 AM ET (14:30 GMT) amid expectations for a draw of 2.741 million barrels.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEC070ZX_M.jpg © Reuters.

Crude Oil Prices Flat After Hike in Inventories

- Oil prices were flat on Wednesday, as U.S. crude stockpiles rose higher than expected.

West Texas Crude oil futures for November fell 0.01% to $69.58 a barrel as of 5:09 AM ET (9:09 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., decreased 0.18% to $78.89 but still remained near four-year highs.

Data from the American Petroleum Institute (API) showed on Tuesday that U.S. crude stocks hiked by 1.2 million barrels to 397.1 million in the week to Sept. 14, opposed to market expectations of a drop of 2.7 million barrels.

Prices of oil have been driven higher in recent months as investors anticipate pressure from U.S. sanctions against Iran. The sanctions, which are expected to go into effect on November 4, have already caused Iran’s crude exports to fall.

Meanwhile the U.S.-Sino trade war escalated after China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. The new tariffs are in response to U.S. tariffs on Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Investors were also looking ahead to weekly crude oil inventories from the Energy Information Administration, which are due later in the session.

In other energy trading, Gasoline RBOB Futures rose 0.07% at $2.0070 a gallon, while heating oil decreased 0.11% to $2.2333 a gallon. Natural gas futures slipped 0.10% to $2.930 per million British thermal units.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAAN05K_M.jpg © Reuters.

Philippines stocks lower at close of trade; PSEi Composite down 0.89%

– Philippines stocks were lower after the close on Wednesday, as losses in the Mining&Oil, Banking&Financials and Services sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.89% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Puregold Price Club Inc (PS:PGOLD), which rose 1.69% or 0.750 points to trade at 45.000 at the close. Meanwhile, Petron Corp (PS:PCOR) added 1.58% or 0.140 points to end at 9.010 and SM Prime Holdings Inc (PS:SMPH) was up 1.23% or 0.450 points to 36.950 in late trade.

The worst performers of the session were DMCI Holdings Inc (PS:DMC), which fell 3.79% or 0.480 points to trade at 12.180 at the close. Megaworld Corp (PS:MEG) declined 3.63% or 0.150 points to end at 3.980 and Metro Pacific Investments Corp (PS:MPI) was down 3.47% or 0.180 points to 5.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 150 to 37 and 41 ended unchanged.

Shares in Megaworld Corp (PS:MEG) fell to 52-week lows; down 3.63% or 0.150 to 3.980.

Gold Futures for December delivery was up 0.45% or 5.40 to $1208.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.27% or 0.19 to hit $69.78 a barrel, while the November Brent oil contract rose 0.19% or 0.15 to trade at $79.18 a barrel.

CNY/PHP was up 0.09% to 7.8796, while USD/PHP fell 0.04% to 53.989.

The US Dollar Index Futures was down 0.32% at 93.92.

]]> https://i-invdn-com.akamaized.net/news/manila_phillipnes_M_1440051502.jpg

Gold Prices Slightly Higher as Dollar Weakens Following Latest Trade News

- Gold prices were slightly higher on Wednesday as the dollar softened following the latest trade news.

Gold futures for December delivery gained 0.5% to $1,208.70 per troy ounce at 2:00AM ET (06:00 GMT) on the Comex division of the New York Mercantile Exchange. 

Gold prices were under pressure since beginning of the year and fell 12% since April amid rising interest rates and intensifying U.S.-China trade dispute.

"For the short and medium-term, gold is likely to trade range bound between $1,190-$1,210. There is some physical demand in Shanghai and Hong Kong," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong

The US Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.07% at 94.16. The dollar slipped after Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion. The new tariffs would take effect on Sep 24, China’s Ministry of Finance said in a statement. The country’s commerce ministry also filed a complaint to the World Trade Organization (WTO) against the U.S., according to reports.

]]> https://i-invdn-com.akamaized.net/news/gold_2_M_1440047838.jpg

China’s Shenzhen International Holdings to Increase Stake in Expressway Co Ltd

- China’s Shenzhen International Holdings Ltd (HK:0152) announced its plan on Tuesday to increase its stakes in Shenzhen Expressway Co Ltd (HK:0548) by 2% for as much as RMB400 million (US$58 million), according to Expressway’s statement.

The transaction would be made via Shenzhen International’s subsidiary, according to the statement. The company owns 1.24 billion shares, or 51.52%, of Expressway before the acquisition.

In August, Expressway announced better-than-expected first half result of 2018, with daily average revenue jumped 10.2% year-on-year from its acquired highway S3 connecting Guangzhou and Shenzhen.

Expressway’s project at Meilian checkpoint, contracted to be built by Vanke, will start pre-sale before end of this year.

Shenzhen International Holdings’ shares inched up 0.7% following the news, while Expressway jumped 2.2%.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6R073_M.jpg © Reuters.

Asian Equities Extend Gains as Markets Recover from Trade War Fears

- Asian equities extended rally in afternoon trade on Wednesday as markets continued to recover from trade war fears.

Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion. The new tariffs would take effect on Sep 24, China’s Ministry of Finance said in a statement. The country’s commerce ministry also filed a complaint to the World Trade Organization (WTO) against the U.S., according to reports. 

The announcement seemed to have little impact on Asian stocks however, as major indices including Shanghai Composite and the Nikkei 225 jumped more than 1.5% in afternoon trade.

Markets also took comfort from the fact that the new U.S. tariffs were set at 10% for now rather than the previous expected 25% tariffs, according to analysts.

"It seems as though the markets had already priced that in after media reports that Trump is planning to introduce the new tariffs," said Shinichiro Kadota, senior strategist at Barclays.

Hong Kong’s Hang Seng Index rose 1.5%. 

Shenzhen International Holdings Ltd (HK:0152) received some focus as the company announced it is set to increase its stakes in Shenzhen Expressway Co Ltd (HK:0548) by 2% for as much as RMB400 million (US$58 million), according to Expressway’s statement on Tuesday.

The transaction would be made via Shenzhen International’s subsidiary, according to the statement. The company owns 1.24 billion shares, or 51.52%, of Expressway before the acquisition.

Elsewhere, Japan’s Nikkei 225 traded 1.2% higher in afternoon trade, with a weaker yen cited as tailwind for local equities. The Bank of Japan (BOJ) concluded its meeting and kept its monetary policy steady as expected. The central bank also maintained its short-term interest rate target at minus 0.1% as expected. BOJ Governor Haruhiko Kuroda will hold a news conference later in the day to explain the policy decision.

Down under, Australia’s S&P/ASX 200 also rose 0.5%.  

]]> https://i-invdn-com.akamaized.net/news/asian_2_M_1440047814.jpg

Bitcoin Prices Gain; PBOC Issues New Warning on Crypto

- Bitcoin and other major cryptocurrency prices gained on Wednesday despite reports that the People’s Bank of China (PBoC) issued a new warning regarding investments in crypto and initial coin offerings (ICOs).

Bitcoin traded 1.2% higher to $6,340.2 at 1:00AM ET (05:00 GMT) on the Bitifinex exchange.  

Ethereum surged 7% to $212.4 in the previous 24 hours, after plunging more than 11% in the last trading session.

XRP spiked 16.4% to $0.32640 on the Poloniex exchange, while Litecoin also rose 5.4% at $54.207.  

The Chinese central bank warned in a notice on Tuesday the illegality of the ICO fundraising model and the dangers associated with trading in virtual currencies. The report also highlighted how Chinese citizens bypassed local crypto regulations.

“ICOs are “suspected of illegally selling tokens, illegally issuing securities, illegal criminal activities, financial fraud, pyramid schemes and other illegal and criminal activities,” said the central bank.

“The global share of domestic virtual currency transactions has dropped from the initial 90% to less than 5%, effectively avoiding the virtual currency bubble caused by skyrocketing global virtual currency prices in the second half of last year in China’s financial market. The impact has been highly recognized by the community,” it added.

The report came one year after the PboC issued its ban on ICO activities in China, which sent major cryptocurrencies including Bitcoin and Ethereum down by more than 10% last year.

Recent reports suggested that while Beijing shut down more than 80 local ICO trading platforms and ICO projects, Chinese investors have been using multiple methods, including the use of Virtual Private Networks (VPNs) and offshore exchanges, to circumvent the ban.

In other news, Global payments giant Mastercard (NYSE:MA) has developed a blockchain-based system to bring high-volume business-to-business transactions up to date, according to a three patent applications published by the U.S. Patent and Trademark Office.

In the applications, MasterCard said that blockchain could be used by B2B teams to store data clearly and in a format that is easily readable by participating parties.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED0415S_M.jpg © Reuters.

Cardano Climbs 10.02% In Rally

- Cardano was trading at $0.06951 by 23:01 (03:01 GMT) on the Index on Wednesday, up 10.02% on the day. It was the largest one-day percentage gain since August 17.

The move upwards pushed Cardano's market cap up to $1.80B, or 0.90% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.92B.

Cardano had traded in a range of $0.06777 to $0.06951 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a rise in value, as it gained 3.38%. The volume of Cardano traded in the twenty-four hours to time of writing was $66.84M or 0.52% of the total volume of all cryptocurrencies. It has traded in a range of $0.06197 to $0.07097 in the past 7 days.

At its current price, Cardano is still down 94.85% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,359.7 on the Index, up 1.74% on the day.

Ethereum was trading at $214.31 on the Index, a gain of 7.70%.

Bitcoin's market cap was last at $109.83B or 54.98% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.68B or 10.85% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED9A0RJ-ORUBS_M.jpg © Reuters.

Asian Stocks Rise as Investors Shrug Off Latest Tariff News

- Asian stocks rose in morning trade on Wednesday as investors shrugged off intensifying U.S.-China trade dispute.

Beijing announced retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion on Tuesday. The new tariffs would take effect on Sep 24, China’s Ministry of Finance said in a statement. The country’s commerce ministry also filed a complaint to the World Trade Organization (WTO) against the U.S., according to reports.

Meanwhile, the Trump administration threatened duties on virtually all Chinese imports.

“China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me,” Trump said on Twitter. “What China does not understand is that these people are great patriots.”

Despite the intensifying trade despite between the U.S. and China, the Shanghai Composite gained 0.9% by 9:50PM ET (01:50 GMT), while the SZSE Component was also up 0.4%. Hong Kong’s Hang Seng Index on the other hand rose 0.9%.

“It looks like the president has decided to increase pressure on China. The market was expecting a 25% rate but the fact that it’s 10% might mean it’s a little bit less of a threat than we thought,” Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, told Bloomberg in a phone interview.

Zaccarelli added that the Chinese showed “restraint” by not copying the White House’s levies on $200 billion in goods. “They’re not matching the U.S. dollar-for-dollar,” he said.

Elsewhere, Japan’s Nikkei 225 traded 1.1% higher in morning trade, with a weaker yen cited as tailwind for equities. The Bank of Japan concludes its meeting later in the day and is widely expected to leave its monetary policy unchanged.

Down under, Australia’s S&P/ASX 200 also rose 0.4%.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7306L_M.jpg © Reuters.

Brazil stocks higher at close of trade; Bovespa up 1.97%

– Brazil stocks were higher after the close on Tuesday, as gains in the Consumption, Public Utilities and Basic Materials sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 1.97%.

The best performers of the session on the Bovespa were Gerdau SA Pref (SA:GGBR4), which rose 6.65% or 1.04 points to trade at 16.67 at the close. Meanwhile, Viavarejo Unt (SA:VVAR11) added 4.88% or 0.79 points to end at 16.98 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 5.12% or 0.39 points to 8.00 in late trade.

The worst performers of the session were Suzano Papel e Celulose SA (SA:SUZB3), which fell 4.24% or 2.18 points to trade at 49.22 at the close. Telefonica Brasil SA (SA:VIVT4) declined 3.97% or 1.60 points to end at 38.75 and Cielo SA (SA:CIEL3) was down 2.33% or 0.33 points to 13.86.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 277 to 168 and 45 ended unchanged.

Shares in Telefonica Brasil SA (SA:VIVT4) fell to 52-week lows; losing 3.97% or 1.60 to 38.75.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 8.53% to 49.98.

Gold Futures for December delivery was down 0.23% or 2.80 to $1203.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.50% or 1.03 to hit $69.71 a barrel, while the December US coffee C contract fell 1.44% or 1.40 to trade at $95.85 .

USD/BRL was up 0.48% to 4.1531, while EUR/BRL rose 0.32% to 4.8452.

The US Dollar Index Futures was up 0.11% at 94.19.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE702R2_M.jpg © Reuters.

Colombia stocks higher at close of trade; COLCAP up 0.95%

– Colombia stocks were higher after the close on Tuesday, as gains in the Industrials, Financials and Investment sectors led shares higher.

At the close in Colombia, the COLCAP added 0.95%.

The best performers of the session on the COLCAP were Cemex Latam Holdings SA (CN:CLH), which rose 1.81% or 100.0 points to trade at 5630.0 at the close. Meanwhile, Ecopetrol SA (CN:ECO) added 1.81% or 70.0 points to end at 3940.0 and Canacol Energy Ltd (CN:CNE) was up 1.07% or 100.0 points to 9410.0 in late trade.

The worst performers of the session were Conconcret (CN:CIC), which fell 4.44% or 16.0 points to trade at 344.0 at the close. Avianca Holdings Pf (CN:AVT_p) declined 2.10% or 45.0 points to end at 2095.0 and Celsia SA (CN:CEL) was down 0.68% or 30.0 points to 4400.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 15 to 9 and 8 ended unchanged.

Shares in Ecopetrol SA (CN:ECO) rose to 3-years highs; up 1.81% or 70.0 to 3940.0. Shares in Celsia SA (CN:CEL) fell to 52-week lows; down 0.68% or 30.0 to 4400.0.

US coffee C for December delivery was down 1.44% or 1.40 to $95.85 . Elsewhere in commodities trading, US cocoa for delivery in December rose 0.42% or 9.50 to hit $2247.00 , while the December Gold Futures contract fell 0.25% or 3.00 to trade at $1202.80 a troy ounce.

USD/COP was down 0.31% to 3004.95, while BRL/COP fell 0.73% to 725.19.

The US Dollar Index Futures was up 0.13% at 94.21.

]]> https://i-invdn-com.akamaized.net/news/Colombian_Securities_Exchange_M_1440056298.jpg

Stocks - S&P Rallies as Tech Rebounds, Tariffs Less Harsh Than Feared

- The S&P 500 closed higher on Tuesday as softer-than-expected tariffs imposed by the U.S. and China put the brakes on the prospect of a full-blown trade war, prompting a wave of buying across stocks.

The Dow Jones Industrial Average rose about 0.71%. The S&P 500 rose 0.54%, while the Nasdaq Composite rose 0.76%.

The latest merry-go-round in the U.S.-China trade dispute did little to suggest that a full-blown trade war near. Both nations' trade salvos were less harsh than many heard feared.

China said it will impose new tariffs on U.S. goods worth $60 billion on Sept. 24, but levies would be instituted at lower rates than had been expected, according to a Reuters report. China's tariff rate on a list of 5,207 U.S. products will range between 5% and 10%, below the previously touted 10% to 20% rate.

The announcement arrived after the Trump administration announced the U.S. will impose 10% tariffs on $200 billion in Chinese goods next week. Those duties will more than double to a rate of 25% on Jan. 1.

"As before, we estimate the direct effects of these tariffs on Chinese export volumes and GDP to be low," Goldman Sachs said.

With the United States only set to hike up the levies in 2019, some suggested there was ample opportunity for the both nations to seek a resolution.

President Donald Trump and Chinese counterpart Xi Jinping are slated to meet in November.

In a sign of optimism on the trade-war front, both Boeing (NYSE:BA) and Caterpillar (NYSE:CAT), which have significant exposure to China, ended the day higher.

A rebound in tech, also lifted the broader averages higher as bargain-seeking investors swooped in on beaten-up tech stocks, which had come under pressure Monday.

Shares of Apple (NASDAQ:AAPL) and Fitbit (NYSE:FIT) posted gains for the day. Both were helped by easing fears over loss of revenues from smartwatches and Bluetooth devices -- two items, among others, that were scrubbed off the list of products subject to levies.

Rising energy stocks, fuelled by a sharp uptick in oil prices, also led the broader market higher, as investor expectations for tighter global crude output received a boost.

On the New York Mercantile Exchange, crude futures for November delivery rose 1.4% to settle at $69.85 a barrel.

On the corporate news front, Tesla (NASDAQ:TSLA) shares slumped after the electric automaker confirmed the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August, in which he claimed to have secured funding to take the company private.

General Mills (NYSE:GIS) stock, meanwhile, also saw sharp losses amid a mixed fiscal first-quarter report as earnings topped estimates, but revenue fell short. And FedEx (NYSE:FDX) stock slumped 5.5% after its quarterly profit missed consensus.

Top S&P 500 Gainers and Losers Today:

Unum Group (NYSE:UNM), Netflix (NASDAQ:NFLX) and Union Pacific (NYSE:UNP) were among the top S&P 500 gainers for the session.

General Mills (NYSE:GIS), FedEx (NYSE:FDX) and Marsh & McLennan (NYSE:MMC) were among the worst S&P 500 performers of the session.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEAA30OY_M.jpg © Reuters.

Day Ahead: Top 3 Things to Watch

- Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Housing Starts Expected to Jump

The focus on the economic calendar is on housing again tomorrow, with data on home construction coming in before the bell.

Numbers on housing starts and building permits arrive at 8:30 AM ET (12:30 GMT).

Housing starts are expected to have risen by 5.8% to an annual rate of 1.235 million in August.

But economists predict that building permits, an indicator of future activity, edged down 0.1% to a rate of 1.31 million in August.

Today, the National Association of Home Builders said its housing market index for September was unchanged from the month before at 67.

2. Oil Prices a Bit Frothy Ahead of Inventories

Oil prices were buoyed today by some indications that OPEC wasn’t concerned about the current level of output, so traders will turn their attention to inventory numbers out tomorrow.

Official data from the Energy Information Administration (EIA) is set to be released Wednesday at 10:30 AM ET (14:30 GMT).

The EIA is expected to report U.S. crude stockpiles fell 2.741 million barrels last week, down from the 5.836 million barrel decline in the prior week.

OPEC and non-OPEC producers will meet in Algiers on Sunday, but do not have plans to propose an immediate increase in crude output, but rather will discuss how to share a previously agreed output increase, according a report from Reuters.

Also helping expectations for tighter global crude supplies was a report from Bloomberg, citing unnamed Saudi sources, claiming the Kingdom was comfortable with Brent crude prices above $80 barrel, easing fears that Saudi Arabia, the de-facto leader of OPEC, would push for an increase in output.

3. Will Elon Musk Tweet About DoJ Request?

Tesla (NASDAQ:TSLA) investors will be on the lookout for any follow-up to news the company is facing a criminal investigation, especially from CEO Elon Musk.

The company confirmed it had received a request to voluntarily supply documents from the Justice Department, following a report from Bloomberg.

This is the latest development after Musk tweeted that he had the funds to take the company private for $420, but later did a U-turn.

“We respect the DOJ’s desire to get information about this and believe that the matter should be quickly resolved as they review the information they have received,” the company said in a statement to The Wall Street Journal.

It’s possible the outspoken Musk will tweet something out regarding the investigation, but for now his feed has been focused on SpaceX.

]]> https://i-invdn-com.akamaized.net/news/housing-sector-(houses)_M_1440049484.jpg

Dollar Off Lows as Euro Reverses Gains, Trade Concerns Linger

- The dollar turned positive against its rivals Tuesday, as investors weighed the latest escalation in the tit-for-tat tariff dispute between the U.S. and China, while a weaker euro also lifted sentiment.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.16% to 94.25, from a session low of 93.88.

China said it will impose new tariffs on U.S. goods worth $60 billion on Sept. 24, but levies would be instituted at lower rates than had been expected, according to a Reuters report.

China's tariff rate on a list of 5,207 U.S. products will range between 5% and 10%, below the previously touted 10% to 20% rate, Reuters said.

Investors seemingly took this as a sign that both sides were in no hurry to enter a full-scale trade war, as the United States also imposed tariffs at a lower rate than previously expected.

U.S. President Donald Trump announced late Monday new 10% tariffs on $200 billion in Chinese goods, below an original figure of 25% floated by the administration previously.

The trade-war proxy AUD/JPY, rose 0.71% to 80.95, while risk-sensitive USD/JPY rose 0.38% to Y112.31.

The Australian economy relies heavily on exporting raw materials (primarily metals), particularly to China, which accounts for about a third of Australian exports every year.

The dollar was also boosted by a retreat in the euro as investors grew nervous about Italy's chances of passing a budget within the European Union guidelines after Deputy Prime Minister Luigi Di Maio clashed with Finance Minister Giovanni Tria over budget proposals.

EUR/USD fell 0.18% to $1.1662, while GBP/USD fell 0.11% to $1.3136.

USD/CAD fell 0.49% to C$1.2983 as the Canadian dollar was boosted by rising oil prices on expectations that OPEC will decide against raising output at a meeting slated for the weekend.

The loonie also remains sensitive to trade talk as the United States and Canada continue efforts to hash out an agreement on a revamp of the North American Free Trade Agreement (NAFTA).

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5N005_M.jpg © Reuters.

Spain stocks higher at close of trade; IBEX 35 up 0.46%

– Spain stocks were higher after the close on Tuesday, as gains in the Financial Services&Real Estate, Consumer Goods and Building&Construction sectors led shares higher.

At the close in Madrid, the IBEX 35 gained 0.46%.

The best performers of the session on the IBEX 35 were Grifols SA (MC:GRLS), which rose 2.83% or 0.670 points to trade at 24.350 at the close. Meanwhile, Cellnex Telecom SA (MC:CLNX) added 2.67% or 0.59 points to end at 22.70 and Indra A (MC:IDR) was up 1.53% or 0.150 points to 9.950 in late trade.

The worst performers of the session were Mediaset ESP (MC:TL5), which fell 1.46% or 0.094 points to trade at 6.366 at the close. Endesa (MC:ELE) declined 1.03% or 0.195 points to end at 18.825 and Amadeus IT (MC:AMA) was down 0.86% or 0.680 points to 78.260.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 111 to 58 and 28 ended unchanged.

Gold Futures for December delivery was down 0.21% or 2.50 to $1203.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.15% or 0.79 to hit $69.47 a barrel, while the November Brent oil contract rose 1.08% or 0.84 to trade at $78.89 a barrel.

EUR/USD was down 0.10% to 1.1671, while EUR/GBP fell 0.04% to 0.8876.

The US Dollar Index Futures was up 0.10% at 94.18.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB5S0XB_M.jpg © Reuters.

Netherlands stocks higher at close of trade; AEX up 0.41%

– Netherlands stocks were higher after the close on Tuesday, as gains in the Industrials, Technology and Oil&Gas sectors led shares higher.

At the close in Amsterdam, the AEX gained 0.41%.

The best performers of the session on the AEX were ASML Holding NV (AS:ASML), which rose 1.70% or 2.68 points to trade at 160.26 at the close. Meanwhile, Royal Dutch Shell PLC Class A (AS:RDSa) added 1.49% or 0.415 points to end at 28.230 and Koninklijke DSM NV (AS:DSMN) was up 1.30% or 1.16 points to 90.62 in late trade.

The worst performers of the session were Relx PLC (AS:REL), which fell 1.90% or 0.335 points to trade at 17.285 at the close. Koninklijke Ahold Delhaize NV (AS:AD) declined 1.51% or 0.298 points to end at 19.466 and Koninklijke Vopak NV (AS:VOPA) was down 0.90% or 0.39 points to 43.00.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 65 to 57 and 14 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was up 0.62% to 12.77.

Crude oil for November delivery was up 1.15% or 0.79 to $69.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.10% or 0.86 to hit $78.91 a barrel, while the December Gold Futures contract fell 0.19% or 2.30 to trade at $1203.50 a troy ounce.

EUR/USD was down 0.09% to 1.1673, while EUR/GBP fell 0.04% to 0.8876.

The US Dollar Index Futures was up 0.09% at 94.17.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB820J9_M.jpg © Reuters.

Russia stocks higher at close of trade; MOEX Russia up 1.21%

– Russia stocks were higher after the close on Tuesday, as gains in the Oil&Gas, Power and Telecoms sectors led shares higher.

At the close in Moscow, the MOEX Russia gained 1.21% to hit a new all time high.

The best performers of the session on the MOEX Russia were NOVATEK (MCX:NVTK), which rose 6.12% or 65.70 points to trade at 1139.80 at the close. Meanwhile, United Company Rusal Plc (MCX:RUAL) added 3.13% or 0.840 points to end at 27.640 and Rosseti ao (MCX:RSTI) was up 3.11% or 0.0218 points to 0.7236 in late trade.

The worst performers of the session were Ros Agro PLC (MCX:AGRODR), which fell 1.78% or 12 points to trade at 688 at the close. RusHydro JSC (MCX:HYDR) declined 1.66% or 0.0104 points to end at 0.6153 and FSK EES (MCX:FEES) was down 1.26% or 0.0021 points to 0.1648.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 121 to 73 and 29 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 0.70% to 27.170.

Gold Futures for December delivery was down 0.19% or 2.30 to $1203.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.15% or 0.79 to hit $69.47 a barrel, while the November Brent oil contract rose 1.08% or 0.84 to trade at $78.89 a barrel.

USD/RUB was down 0.95% to 67.4151, while EUR/RUB fell 1.02% to 78.6878.

The US Dollar Index Futures was up 0.07% at 94.16.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEDAE0U1_M.jpg © Reuters.

Germany stocks mixed at close of trade; DAX up 0.51%

– Germany stocks were mixed after the close on Tuesday, as gains in the Technology, Basic Resources and Telecoms sectors led shares higher while losses in the Retail, Food&Beverages and Media sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.51%, while the MDAX index lost 0.12%, and the TecDAX index added 0.12%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 2.60% or 3.76 points to trade at 148.24 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 2.26% or 0.435 points to end at 19.680 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 1.41% or 0.275 points to 19.840 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 0.73% or 1.10 points to trade at 150.00 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 0.72% or 0.640 points to end at 88.100 and Beiersdorf AG O.N. (DE:BEIG) was down 0.61% or 0.600 points to 97.440.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 5.87% to 38.25, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 3.69% to settle at 12.92 and Norma Group AG NA O.N. (DE:NOEJ) which gained 2.92% to close at 58.150.

The worst performers were Zalando SE (DE:ZALG) which was down 13.20% to 36.37 in late trade, Schaeffler AG Pref (DE:SHA_p) which lost 2.98% to settle at 10.74 and Stroeer SE (DE:SAXG) which was down 1.89% to 49.740 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 3.37% to 153.400, Nordex SE O.N. (DE:NDXG) which was up 3.06% to settle at 9.310 and Siltronic AG (DE:WAFGn) which gained 2.33% to close at 107.500.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 7.01% to 20.420 in late trade, Morphosys AG O.N. (DE:MORG) which lost 2.53% to settle at 94.250 and Jenoptik AG (DE:JENGn) which was down 1.72% to 31.980 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 417 to 267 and 95 ended unchanged.

Shares in Zalando SE (DE:ZALG) fell to 52-week lows; losing 13.20% or 5.53 to 36.37. Shares in Nemetschek AG O.N. (DE:NEKG) rose to all time highs; up 3.37% or 5.000 to 153.400.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.93% to 14.95.

Gold Futures for December delivery was down 0.16% or 1.90 to $1203.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.08% or 0.74 to hit $69.42 a barrel, while the November Brent oil contract rose 1.01% or 0.79 to trade at $78.84 a barrel.

EUR/USD was up 0.04% to 1.1688, while EUR/GBP unchanged 0.00% to 0.8880.

The US Dollar Index Futures was down 0.01% at 94.08.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED0C0WP_M.jpg © Reuters.

Turkey stocks higher at close of trade; BIST 100 up 0.57%

– Turkey stocks were higher after the close on Tuesday, as gains in the Transport, Technology and Information Technology sectors led shares higher.

At the close in Istanbul, the BIST 100 rose 0.57% to hit a new 1-month high.

The best performers of the session on the BIST 100 were Turkiye Sinai Kalkinma Bankasi AS (IS:TSKB), which rose 6.85% or 0.050 points to trade at 0.780 at the close. Meanwhile, Teknosa Ic ve Dis Ticaret AS (IS:TKNSA) added 6.19% or 0.280 points to end at 4.800 and Cemtas Celik Makina Sanayi ve Ticaret AS (IS:CEMTS) was up 5.77% or 0.390 points to 7.150 in late trade.

The worst performers of the session were ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS), which fell 3.57% or 0.130 points to trade at 3.510 at the close. Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI) declined 3.46% or 1.18 points to end at 32.94 and Akenerji Elektrik Uretim AS (IS:AKENR) was down 3.33% or 0.020 points to 0.580.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 202 to 148 and 58 ended unchanged.

Shares in ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS) fell to 52-week lows; falling 3.57% or 0.130 to 3.510. Shares in Cemtas Celik Makina Sanayi ve Ticaret AS (IS:CEMTS) rose to all time highs; gaining 5.77% or 0.390 to 7.150. Shares in Akenerji Elektrik Uretim AS (IS:AKENR) fell to 5-year lows; losing 3.33% or 0.020 to 0.580.

Gold Futures for December delivery was down 0.14% or 1.70 to $1204.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.31% or 0.90 to hit $69.58 a barrel, while the November Brent oil contract rose 1.24% or 0.97 to trade at $79.02 a barrel.

USD/TRY was up 0.39% to 6.3363, while EUR/TRY rose 0.46% to 7.4151.

The US Dollar Index Futures was down 0.03% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/Istanbul_Stock_Exchange_M_1440056254.jpg

Stocks - Midday Movers: Cannabis Soars, Consumer Staples Slump

- Cannabis stocks were off to the races again midday after a regulatory announcement, while consumer staples were hit by a double whammy of trade tensions and weak earnings.

Marijuana company Tilray (NASDAQ:TLRY) jumped about 17% at 11:55 AM ET (15:55 GMT).

The U.S. Drug Enforcement Agency agreed to let Canada-based Tilray export marijuana to the U.S. for a clinical trial on its effectiveness in treating a neurological disorder called essential tremor.

This makes Tilray the first Canadian company to import cannabis into the U.S.

Other pot stocks also rallied on the news. Canopy Growth (NYSE:CGC) gained about 5%, Cronos Group (NASDAQ:CRON) rose about 15% and Aurora Cannabis (OTC:ACBFF) was about 4% higher.

Among stocks in the red, consumer staples equities were hit hard after General Mills’ quarterly sales missed estimates and there was pressure on its gross margin.

General Mills (NYSE:GIS) fell about 8%, making it the biggest loser in the S&P Consumer Staples Sector index, which fell about 0.5%.

Consumer staples investors also had to digest the possible impact of tariffs the White House said Monday it would place on $200 billion more of Chinese goods and China’s announcement this morning that it would retaliate with tariffs on $60 billion in U.S. imports.

Other struggling consumer staples stocks included Kraft Heinz (NASDAQ:KHC), off about 2%, and Campbell Soup (NYSE:CPB), which dropped about 2.5%.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE2K0XN_M.jpg © Reuters.

Oil Higher as Trade, Saudi Arabia Comments Drive Prices Higher

- Oil prices were higher on Tuesday as Saudi Arabian officials said they are comfortable with rising Brent prices.

West Texas crude oil futures for November surged 1.35% to $69.61 a barrel as of 10:35 AM ET (14:35 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.46% to $79.19.

Saudi Arabian officials said they are comfortable with Brent prices going above $80 a barrel as markets adjust to the loss of supply from U.S. sanctions.

The comments came after the Organization of the Petroleum Exporting Countries (OPEC) and Russia warned that U.S. sanctions against Iran, OPEC’s third-largest supplier, could put pressure on markets. The sanctions, which are expected to go into effect on Nov. 4, have already caused Iran’s crude exports to fall.

“When you have major producers facing supply challenges, it’s of concern” for OPEC and consumers alike, OPEC Secretary-General Mohammad Barkindo said.

Meanwhile, the U.S.-Sino trade war escalated after China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. The new tariffs are in response to U.S. tariffs on Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

President Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Investors were also focused for weekly data on crude stockpiles to be released from the American Petroleum Institute later in the session.

In other energy trading, gasoline RBOB futures rose 2.07% at $2.0140 a gallon, while heating oil increased 1.55% to $2.2409 a gallon. Natural gas futures surged 2.06% to $2.872 per million British thermal units.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA760SZ_M.jpg © Reuters.

Netflix Rises 3.03%

- Netflix (NASDAQ:NFLX) rose by 3.03% to trade at $360.95 by 10:17 (14:17 GMT) on Tuesday on the NASDAQ exchange.

The volume of Netflix shares traded since the start of the session was $2.25M. Netflix has traded in a range of $351.56 to $360.95 on the day.

The stock has traded at $374.09 at its highest and $343.08 at its lowest during the past seven days.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7Q0U9_M.jpg © Reuters.

Stocks - Wall Street Opens Higher; China Retaliates on U.S. Tariffs

- Wall Street was higher on Tuesday, as investors shrugged off news that China is retaliating against a fresh round of U.S. tariffs.

The S&P 500 rose 9 points, or 0.34%, to 2,898.68 as of 9:36 AM ET (13:36 GMT), while the Dow increased 77 points, or 0.30%, to 26,140.10 and the tech-heavy Nasdaq Composite jumped 43 points, or 0.56%, to 7,939.77.

China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24, Reuters reported. The new tariffs are in response to U.S. tariffs on Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Donald Trump tweeted that “there will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!” He previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Apple (NASDAQ:AAPL) inched down 0.13% after the White House spared a category of high-tech products from tariffs that Apple uses for its Watch and AirPods.

Avon (NYSE:AVP) surged 6.25% amid reports that Brazil’s Natura Cosmeticos has approached the cosmetics company about a takeover. Amazon.com (NASDAQ:AMZN) rose 0.87%, while Tesla (NASDAQ:TSLA) jumped 1.68% and medical marijuana company Tilray (NASDAQ:TLRY) rose 12.75%.

Elsewhere, Oracle (NYSE:ORCL) dipped 2.91% after its revenue for cloud services were less than expected, while Chinese e-commerce firm Alibaba (NYSE:BABA) fell 1.25%.

In Europe stocks were flat. Germany’s DAX rose 1 point, or 0.01%, while in France the CAC 40 increased half a point, or 0.01%, and in London the FTSE 100 was down 2 points, or 0.04%. Meanwhile, the pan-European Euro Stoxx 50 lost 2 points, or 0.07%, while Spain’s IBEX 35 rose 20 points, or 0.22%.

In commodities, gold futures rose 0.14% to $1,207.50 a troy ounce, while crude oil futures jumped 1.67% to $69.83 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.19% to 93.91.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE2Q1K7_M.jpg © Reuters.

Cryptos Fall, Mastercard Explores B2B Blockchain

- Cryptocurrencies fell on Tuesday as Bitcoin dipped below $6,300.

Bitcoin slumped 1.94% to $6,323.50 on the Bitfinex exchange as of 8:39 AM ET (12:39 GMT).

Cryptocurrencies overall were slightly lower with the coin market cap of total market capitalization at $197 billion at the time of writing, compared to $201 billion on Monday.

Ethereum, or Ether, the second-biggest alternative currency by market cap, fell 4.63% to $207.73. XRP, the third-largest virtual currency, was up 8.83% to $0.30647 and Litecoin was at $53.448, down 3.97%.

Global payments giant Mastercard (NYSE:MA) has developed a blockchain-based system to bring high-volume business-to-business transactions up to date, according to a three patent applications published by the U.S. Patent and Trademark Office.

In the applications, MasterCard said that blockchain could be used by B2B teams to store data clearly and in a format that is easily readable by participating parties.

“In cases where ledgers like blockchains are used, the ledgers may be provided even more benefits as they may be immutable and resistant to tampering, which may further increase the reliability of such data,” the patent noted.

In other news, Ripple is launching a product to help banks speed up transactions.

Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said on Monday that xRapid would be up and running soon.

"I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production," Sarbhai said of xRapid in an interview with CNBC.

Meanwhile, Bancor, a smart token liquidity provider, is moving into cross-chain liquidity. The company will allow users to trade between a range of EOS and Ethereum tokens. Previously the company was a mainstay of the Ethereum network.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED9A0RJ-ORUBS_M.jpg © Reuters.

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.95%

– Sri Lanka stocks were lower after the close on Tuesday, as losses in the Information Technology, Construction&Engineering and Chemicals&Pharmaceuticals sectors led shares lower.

At the close in Colombo, the CSE All-Share fell 0.95% to hit a new 52-week low.

The best performers of the session on the CSE All-Share were SMB Leasing PLC (CM:SEMB), which rose 25.00% or 0.1000 points to trade at 0.5000 at the close. Meanwhile, Colombo Investment Trust PLC (CM:CIT) added 20.11% or 11.72 points to end at 70.00 and Blue Diamonds Jewellery Worldwide PLC (CM:BLUE) was up 20.00% or 0.100 points to 0.600 in late trade.

The worst performers of the session were Union Chemicals Lanka PLC (CM:UCHE), which fell 22.47% or 89.90 points to trade at 310.10 at the close. Lighthouse Hotel PLC (CM:LHL) declined 12.50% or 4.00 points to end at 28.00 and Nation Lanka Finance PLC (CM:CSF) was down 11.11% or 0.100 points to 0.800.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 134 to 64 and 45 ended unchanged.

Shares in Union Chemicals Lanka PLC (CM:UCHE) fell to 5-year lows; losing 22.47% or 89.90 to 310.10. Shares in Lighthouse Hotel PLC (CM:LHL) fell to 5-year lows; losing 12.50% or 4.00 to 28.00.

Crude oil for November delivery was up 1.08% or 0.74 to $69.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.11% or 0.87 to hit $78.92 a barrel, while the December Gold Futures contract fell 0.12% or 1.40 to trade at $1204.40 a troy ounce.

GBP/LKR was up 0.32% to 217.470, while USD/LKR rose 0.49% to 165.710.

The US Dollar Index Futures was up 0.07% at 94.16.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6606G_M.jpg © Reuters.

Indonesia stocks lower at close of trade; IDX Composite Index down 0.21%

– Indonesia stocks were lower after the close on Tuesday, as losses in the Property, Consumer Industry and Agriculture sectors led shares lower.

At the close in Jakarta, the IDX Composite Index declined 0.21%.

The best performers of the session on the IDX Composite Index were Indo Acidatama Tbk (JK:SRSN), which rose 34.92% or 22 points to trade at 85 at the close. Meanwhile, Mahaka Media Tbk (JK:ABBA) added 34.48% or 50 points to end at 195 and Triwira Insanlestari Tbk (JK:TRIL) was up 22.81% or 13 points to 70 in late trade.

The worst performers of the session were Sinergi Megah Internusa Tbk PT (JK:NUSA), which fell 25.00% or 63 points to trade at 189 at the close. Cowell Development Tbk (JK:COWL) declined 18.25% or 115 points to end at 515 and Visi Telekomunikasi Infrastruktur Tbk PT (JK:GOLD) was down 16.14% or 92 points to 478.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 213 to 152 and 116 ended unchanged.

Shares in Mahaka Media Tbk (JK:ABBA) rose to 5-year highs; gaining 34.48% or 50 to 195.

Crude oil for November delivery was up 1.19% or 0.82 to $69.50 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.18% or 0.92 to hit $78.97 a barrel, while the December Gold Futures contract fell 0.20% or 2.40 to trade at $1203.40 a troy ounce.

USD/IDR was down 0.30% to 14863.0, while AUD/IDR rose 0.23% to 10704.20.

The US Dollar Index Futures was up 0.07% at 94.16.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED120ZE_M.jpg © Reuters.

Top 5 Things to Know in the Market on Tuesday

- Here are the top five things you need to know in financial markets on Tuesday, September 18:

1. Trump ups the ante on China, Beijing will retaliate

U.S. President Donald Trump said in a statement after Monday’s market close that the U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods starting on September 24 and warned that the tariffs would rise to 25% in January 2019.

Trump added that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," he said in the statement.

"But, so far, China has been unwilling to change its practices."

China was quick to respond, saying on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, risking even stronger action from Trump in an escalation of the trade war between the world's largest economies.

"To protect its legitimate rights and interests and order in international free trade, China is left with no choice but to retaliate simultaneously," the Chinese commerce ministry said in a brief statement, without specifying what action it would take.

2. Apple, Fitbit spared in U.S.-Sino trade dispute

Even as Trump put into motion the next round of tariffs on Chinese goods, the administration spared a category of high-tech products from the duties.

A product code that covers Apple Inc's (NASDAQ:AAPL) Watch and AirPods - as well as similar smart watches, fitness trackers and other goods made by competitors including Fitbit Inc (NYSE:FIT) - was not on the American government’s list.

Apple sold 4.7 million smart watches last year, and Fitbit sold 2.7 million, according to research company International Data Corp.

Reuters pointed out that some consumer safety products made in China, such as bicycle helmets sold by Vista Outdoor (NYSE:VSTO) and baby car seats and playpens from Graco Inc (NYSE:GGG) also were taken off the list.

Rare earth minerals - used in a wide range of consumer electronics goods - were also dropped from the provisional list, protecting U.S. manufacturers from increasing costs.

3. Oil soars as Saudi Arabia comfortable with $80 Brent

Oil prices soared on Tuesday after Saudi Arabia was reported to be comfortable with Brent above $80 per barrel, as the global market adjusts to the loss of Iranian supply from U.S. sanctions.

Saudi officials were careful to avoid pinpointing a price target in their conversations, saying that while the kingdom has no desire to push prices higher than $80 a barrel, it may no longer be possible to avoid it.

U.S. crude oil futures gained 1.44% to $69.67 by 5:57 AM ET (9:57 GMT), while Brent oil traded up 1.54% to $79.25.

Investors were also focused for weekly data on crude stockpiles to be released from the American Petroleum Institute later in the session. Official government data will be released on Wednesday, amid expectations for a draw of 2.4 million barrels.

4. Global stocks shrug off 10% tariffs

Global stocks took Trump’s announcement of 10% tariffs on China in stride on Tuesday, with most major indices registering gains.

Some observers suggested that investors had prepared for a higher level of 25% that now will be put off until January, providing some months for officials to advance on negotiations.

After an initial dip, Asian stocks closed the session with solid gains, while European shares followed their Asian peers upwards nearing midday trade on Tuesday.

U.S. futures pointed to a higher open, although the rise remained tepid in an environment marked by caution. At 5:58 AM ET (9:58 GMT), the blue-chip Dow futures rose 55 points, or 0.21%, S&P 500 futures gained 6 points, or 0.19%, while the Nasdaq 100 futures traded up 22 points, or 0.29%.

5. North and South Korean leaders set to meet

South Korean President Moon Jae-in will head to Pyongyang on Tuesday in an attempt to salvage stalled nuclear talks between the U.S. and North Korea.

As part of the three-day trip, Moon and Kim Jong Un will hold a joint press conference on Wednesday.

Kim has been avoiding a concrete timetable for ending his nuclear program, pushing for a peace declaration with the U.S. before he gets rid of North Korea’s nuclear capability.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEBBH10O_M.jpg © Reuters.

Oil Prices Jump After Saudi Arabia Says It Is Okay With Brent at $80 a Barrel

- Oil prices rose sharply on Tuesday, after Saudi Arabian officials said they are okay with rising prices in the short term.

West Texas Crude oil futures surged 1.22% to $69.52 a barrel as of 5:29 AM ET (9:29 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.29% to $79.06.

Saudi Arabian officials said they are comfortable with Brent prices going above $80 a barrel as markets adjust to the loss of supply from U.S. sanctions, according to Bloomberg.

The comments came after the Organization of the Petroleum Exporting Countries and Russia warned that U.S. sanctions against Iran, OPEC’s third-largest supplier, could put pressure on markets. The sanctions, which are expected to go into effect on November 4, have already caused Iran’s crude exports to fall.

“When you have major producers facing supply challenges, it’s of concern” for OPEC and consumers alike, OPEC Secretary-General Mohammad Barkindo said.

U.S. Energy Secretary Rick Perry said Friday that he does not foresee any price spikes and that Saudi Arabia, Russia and the United States can raise global output in the next 18 months.

The global oil supply rose in August to a record 100 million barrels per day, the International Energy Agency said in its latest forecast on Thursday. The Paris-based organization waned that prices could rise to $80 a barrel unless producers compensate for lost supply from Iran and Venezuela.

In other energy trading, Gasoline RBOB Futures rose 1.60% at $2.0050 a gallon, while heating oil gained 1.44% to $2.2380 a gallon. Natural gas futures increased 0.39% to $2.825 per million British thermal units.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC0Q0D0_M.jpg © Reuters.

Forex- U.S. Dollar Flat as Trump Announces Tariffs on China

- The U.S. dollar was flat against other currencies on Tuesday as the White House imposed fresh tariffs on China.

U.S. President Donald Trump announced on Monday that the U.S. will put 10% tariffs on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Trump added that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," he said in the statement.

"But, so far, China has been unwilling to change its practices."

China has said it will retaliate against the new tariffs. The U.S. had extended an invitation to China to discuss trade later this month but China is likely to cancel.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was flat at 94.09 as of 5:05 AM ET (9:05 GMT).

Elsewhere, the dollar rose against the safe-haven yen, with USD/JPY up 0.06% to 111.95. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.

The Chinese yuan was lower after the news, falling to three-week low. USD/CNH rose 0.08% to 6.8756, not far from a session high of 6.8921.

Meanwhile the euro and sterling were flat. The euro increased 0.03% to 1.1685, while the pound fell 0.11% to 1.3136. The Australian dollar was higher, with AUD/USD up 0.39% to 0.7219 while NZD/USD rose 0.23% to 0.6593.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEE650J2_M.jpg © Reuters.

Philippines stocks lower at close of trade; PSEi Composite down 1.72%

– Philippines stocks were lower after the close on Tuesday, as losses in the Banking&Financials, Mining&Oil and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 1.72% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 3.77% or 0.460 points to trade at 12.660 at the close. Meanwhile, First Gen Corp (PS:FGEN) added 2.27% or 0.38 points to end at 17.10 and Robinsons Retail Holdings Inc (PS:RRHI) was up 1.86% or 1.500 points to 82.000 in late trade.

The worst performers of the session were Metropolitan Bank and Trust Co (PS:MBT), which fell 4.21% or 2.90 points to trade at 66.00 at the close. Bank of the Philippine Islands (PS:BPI) declined 4.14% or 3.55 points to end at 82.10 and SM Investments Corp (PS:SM) was down 3.36% or 31.00 points to 891.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 150 to 54 and 33 ended unchanged.

Shares in Metropolitan Bank and Trust Co (PS:MBT) fell to 5-year lows; falling 4.21% or 2.90 to 66.00. Shares in Bank of the Philippine Islands (PS:BPI) fell to 52-week lows; losing 4.14% or 3.55 to 82.10.

Gold Futures for December delivery was down 0.22% or 2.70 to $1203.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.22% or 0.15 to hit $68.53 a barrel, while the November Brent oil contract fell 0.38% or 0.30 to trade at $77.75 a barrel.

CNY/PHP was down 0.03% to 7.8816, while USD/PHP fell 0.13% to 54.108.

The US Dollar Index Futures was up 0.03% at 94.12.

]]> https://i-invdn-com.akamaized.net/news/manila_phillipnes_M_1440051502.jpg

Australia stocks lower at close of trade; S&P/ASX 200 down 0.53%

– Australia stocks were lower after the close on Tuesday, as losses in the Energy, IT and Healthcare sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.53%.

The best performers of the session on the S&P/ASX 200 were Western Areas Ltd (AX:WSA), which rose 4.18% or 0.100 points to trade at 2.490 at the close. Meanwhile, Metcash Ltd (AX:MTS) added 3.18% or 0.090 points to end at 2.920 and Estia Health Ltd (AX:EHE) was up 2.50% or 0.060 points to 2.460 in late trade.

The worst performers of the session were Afterpay Touch Group Ltd (AX:APT), which fell 5.12% or 0.860 points to trade at 15.940 at the close. Altium Ltd (AX:ALU) declined 4.68% or 1.230 points to end at 25.060 and Galaxy Resources Ltd (AX:GXY) was down 3.82% or 0.095 points to 2.395.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 690 to 476 and 373 ended unchanged.

Shares in Galaxy Resources Ltd (AX:GXY) fell to 52-week lows; falling 3.82% or 0.095 to 2.395.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.94% to 13.080.

Gold Futures for December delivery was down 0.12% or 1.50 to $1204.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.42% or 0.29 to hit $68.39 a barrel, while the November Brent oil contract fell 0.53% or 0.41 to trade at $77.64 a barrel.

AUD/USD was up 0.38% to 0.7209, while AUD/JPY rose 0.42% to 80.72.

The US Dollar Index Futures was down 0.06% at 94.03.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPED4F00M_M.jpg © Reuters.

Asian Stocks Mixed as Markets Await China’s Response to Tariffs News

- Asian stocks were mixed in afternoon trade on Tuesday as traders awaited Beijing’s response to an announcement made by the Trump’s administration on Monday that the U.S. would put 10% tariffs on $200 billion in Chinese goods. The yuan and the dollar traded slightly lower following the news.

Trump, in a statement, said that the tariffs would rise to 25% in January 2019, adding that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

According to reports, the U.S. removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals, along with some other products.

Markets are now likely to shift focus towards Beijing’s response to the development, according to analysts.

The South China Morning Post newspaper reported, citing an unidentified source in Beijing, that China is now unlikely to send a delegation to the U.S. next week for fresh talks as previously planned.

“China may be limited in its ability to impose similar tariffs in volume terms, but it can still aim to disrupt the US supply chain with those tech exports an obvious target and the cancelation of trade talks is also likely to dampen the mood,” Rodrigo Catril, a senior foreign-exchange strategist at the National Australia Bank, wrote in a morning note.

China’s Shanghai Composite traded 0.1% higher by 1:20AM ET (05:20 GMT), while the Shenzhen Component slipped 0.5%.

Hong Kong’s Hang Seng Index on the other hand slid 0.8%.

China’s hotpot-specialized company Haidilao International Holding Ltd. raised $963 million in its Hong Kong initial public offering (IPO), Reuters reported on Tuesday citing three people close to the deal.

Haidilao priced its shares at the indicated top range of HK$17.8 (US$2.27). Its shares are expected to begin trading on the Hong Kong stock exchange on Sep 26.

The company said last week that it was planning to raise $1 billion with the Hong Kong IPO with a price range of HK$14.8 to HK$17.8 per share. 

Elsewhere, Japan’s Nikkei 225 resumed trading after being closed Monday for a public holiday, and traded 1.5% higher as it played catch up.

Meanwhile, South Korea’s KOSPI gained 0.2% as the country’s President Moon Jae-in headed to Pyongyang on Tuesday for a landmark visit to rescue stalled nuclear talks between the U.S. and North Korea.

Leaders from South and North Korea would feature a joint press appearance on Wednesday, reports suggested.

“I will have candid talks with North Korean leader Kim Jong Un to find common ground between the U.S. demand to denuclearize and the North Korean demand to end their hostile relations,” Moon said at a meeting on Monday. “What I am trying to achieve is peace. Not a temporary change that can be swayed by international conditions, but an irreversible and permanent peace.”

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6U04V_M.jpg © Reuters.

Gold Prices Slips Despite Escalating U.S.-China Trade Tensions

- Gold prices inched lower on Tuesday despite reports that the U.S. is slapping 10% tariffs on $200 billion in Chinese goods.

Gold futures for December delivery slipped 0.17% to $1,203.70 per troy ounce at 1:00AM ET (05:00 GMT) on the Comex division of the New York Mercantile Exchange. 

U.S. President Donald Trump said in a statement on Monday that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019.

Trump added that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," he said in the statement.

"But, so far, China has been unwilling to change its practices."

Gold prices were under pressure in recent months despite intensifying trade tensions between the U.S. and its trade partners, as investors turned to the dollar for safety. The greenback received some support earlier in the session and popped up to 94.607 following the trade news.

Rising U.S. interest rates were also cited as headwind for the precious metal.

"Gold is facing a couple of headwinds ... The impending rate hike by the Fed is weighing on and obviously the escalation of trade conflict is pushing investors back in to the U.S. dollar," ANZ analyst Daniel Hynes said.

"This (trade woes) has not helped gold prices at all. It is likely to be a pretty tough environment for gold in the next couple of weeks as it battles these two fronts."

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5M0AC_M.jpg © Reuters.

Yuan, Dollar Inch Lower as Trump Slaps 10% Tariffs On More Chinese Goods

- The yuan and the U.S. dollar traded slightly lower on Tuesday following an announcement by the Trump administration that the U.S. would put 10% tariffs on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

The USD/CNY pair was trading at 6.8640 by 12:01AM ET (04:01 GMT), up 0.1%.

The fall in the Chinese yuan came after U.S. President Donald Trump said in a statement on Monday that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019.

Trump added that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," he said in the statement.

"But, so far, China has been unwilling to change its practices."

According to reports, the U.S. removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals, along with some other products.

Meanwhile, the U.S. dollar index, which tracks the greenback against a basket of other currencies, also traded 0.05% lower to 94.04. The index received some support earlier in the session and popped up to 94.607 following the trade news.

The greenback has benefited from safe-haven demand in recent months amid the escalating Sino-U.S. trade conflict.

"Of immediate concern to the market is how China responds to the tariffs," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

Elsewhere, the Aussie dollar, which is seen as a proxy to China-related trades, was up 0.14% at $0.7194, after hitting a low of $0.7144 earlier in the session.

The NZD/USD pair also gained 0.2% to 0.6593.

The USD/JPY pair was trading at 111.97, up 0.07%.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6M09P_M.jpg © Reuters.

Oracle Earnings Beat, Revenue Misses In Q1

- Oracle (NYSE:ORCL) reported first quarter earnings that beat analyst's expectations on Monday and revenue that fell short of forecasts.

The firm reported earnings per share of $0.71 on revenue of $9.2B. Analysts polled by forecast EPS of $0.68 on revenue of $9.25B. That compared to EPS of $0.70 on revenue of $9.19B in the same period a year earlier The company had reported EPS of $0.99 on revenue of $11.26B in the previous quarter.

Oracle shares slightly moved 0.14% to trade at $46.90 in after-hours trade following the report.

For the year, Oracle shares are up 3.38%, under-performing the S&P 500 which is up 7.64% year to date.

Oracle follows other major Technology sector earnings this month

On Thursday, Adobe (NASDAQ:ADBE) reported third quarter EPS of $1.73 on revenue of $2.29B, compared to forecasts of EPS of $1.69 on revenue of $2.25B.

Salesforce.com (NYSE:CRM) earnings beat analyst's expectations on August 29, with second quarter EPS of $0.71 on revenue of $3.28B. analysts expected EPS of $0.47 on revenue of $3.23B

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB7Q0U9_M.jpg © Reuters.

Peru stocks lower at close of trade; S&P Lima General down 0.85%

– Peru stocks were lower after the close on Monday, as losses in the Non-Metal Minerals, Mining and Industrials sectors led shares lower.

At the close in Lima, the S&P Lima General fell 0.85%.

The best performers of the session on the S&P Lima General were Backus Johnsto (LM:BKJi), which rose 1.16% or 0.250 points to trade at 21.750 at the close. Meanwhile, Grana Y Monter (LM:GRA) added 1.16% or 0.020 points to end at 1.740 and Credicorp (LM:BAP) was up 0.26% or 0.55 points to 214.50 in late trade.

The worst performers of the session were Unacem (LM:CEL), which fell 7.17% or 0.180 points to trade at 2.330 at the close. Buenaventura (LM:BVN) declined 5.43% or 0.700 points to end at 12.200 and Volcan Minera (LM:VOL_pb) was down 4.00% or 0.030 points to 0.720.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 17 to 4 and 10 ended unchanged.

Shares in Unacem (LM:CEL) fell to 52-week lows; falling 7.17% or 0.180 to 2.330.

Crude oil for November delivery was down 0.33% or 0.23 to $68.54 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.09% or 0.07 to hit $77.99 a barrel, while the December Gold Futures contract rose 0.42% or 5.00 to trade at $1206.10 a troy ounce.

USD/PEN was up 0.14% to 3.3161, while EUR/PEN rose 0.56% to 3.8789.

The US Dollar Index Futures was down 0.44% at 94.09.

]]> https://i-invdn-com.akamaized.net/news/Lima_Stock_Exchange_M_1440056415.jpg

Cardano Falls 10.72% In Selloff

- Cardano was trading at $0.06275 by 16:51 (20:51 GMT) on the Index on Monday, down 10.72% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Cardano's market cap down to $1.66B, or 0.86% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.92B.

Cardano had traded in a range of $0.06275 to $0.07022 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 13.26%. The volume of Cardano traded in the twenty-four hours to time of writing was $46.64M or 0.38% of the total volume of all cryptocurrencies. It has traded in a range of $0.06101 to $0.07461 in the past 7 days.

At its current price, Cardano is still down 95.35% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,222.5 on the Index, down 4.51% on the day.

Ethereum was trading at $193.91 on the Index, a loss of 14.45%.

Bitcoin's market cap was last at $108.29B or 56.45% of the total cryptocurrency market cap, while Ethereum's market cap totaled $20.04B or 10.45% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEBBM0M5_M.jpg © Reuters.

Canada stocks higher at close of trade; S&P/TSX Composite up 0.23%

– Canada stocks were higher after the close on Monday, as gains in the Healthcare, Materials and Telecoms sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.23%.

The best performers of the session on the S&P/TSX Composite were Aurora Cannabis Inc (TO:ACB), which rose 16.86% or 1.440 points to trade at 9.980 at the close. Meanwhile, New Gold Inc (TO:NGD) added 9.09% or 0.120 points to end at 1.440 and Tahoe Resources Inc (TO:THO) was up 8.22% or 0.29 points to 3.82 in late trade.

The worst performers of the session were Guyana Goldfields Inc . (TO:GUY), which fell 6.31% or 0.190 points to trade at 2.820 at the close. PrairieSky Royalty Ltd (TO:PSK) declined 3.11% or 0.74 points to end at 23.05 and Norbord Inc (TO:OSB) was down 2.89% or 1.51 points to 50.77.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 546 to 530 and 139 ended unchanged.

Shares in Guyana Goldfields Inc. (TO:GUY) fell to 52-week lows; falling 6.31% or 0.190 to 2.820. Shares in PrairieSky Royalty Ltd (TO:PSK) fell to 52-week lows; losing 3.11% or 0.74 to 23.05.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 5.93% to 14.12.

Gold Futures for December delivery was up 0.38% or 4.60 to $1205.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.35% or 0.24 to hit $68.53 a barrel, while the November Brent oil contract fell 0.22% or 0.17 to trade at $77.92 a barrel.

CAD/USD was up 0.04% to 0.7673, while CAD/EUR fell 0.48% to 0.6567.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB8506G_M.jpg © Reuters.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.35%

– U.S. stocks were lower after the close on Monday, as losses in the Technology, Consumer Services and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.35%, while the S&P 500 index fell 0.56%, and the NASDAQ Composite index fell 1.43%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 0.91% or 1.32 points to trade at 146.22 at the close. Meanwhile, 3M Company (NYSE:MMM) added 0.79% or 1.65 points to end at 209.53 and Procter&Gamble Company (NYSE:PG) was up 0.77% or 0.64 points to 84.25 in late trade.

The worst performers of the session were Apple Inc (NASDAQ:AAPL), which fell 2.66% or 5.96 points to trade at 217.88 at the close. McDonald’s Corporation (NYSE:MCD) declined 1.68% or 2.70 points to end at 158.14 and Visa Inc (NYSE:V) was down 1.12% or 1.66 points to 146.18.

The top performers on the S&P 500 were Mosaic Co (NYSE:MOS) which rose 3.90% to 31.99, NiSource Inc (NYSE:NI) which was up 3.77% to settle at 25.73 and Kroger Company (NYSE:KR) which gained 3.74% to close at 28.84.

The worst performers were Netflix Inc (NASDAQ:NFLX) which was down 3.90% to 350.35 in late trade, Keurig Dr Pepper Inc (NYSE:KDP) which lost 3.80% to settle at 23.54 and CH Robinson Worldwide Inc (NASDAQ:CHRW) which was down 3.38% to 96.71 at the close.

The top performers on the NASDAQ Composite were New Age Beverages Corp (NASDAQ:NBEV) which rose 44.65% to 2.30, Netlist Inc (NASDAQ:NLST) which was up 41.94% to settle at 0.511 and Senomyx Inc (NASDAQ:SNMX) which gained 40.00% to close at 1.470.

The worst performers were Radcom Ltd (NASDAQ:RDCM) which was down 28.99% to 12.25 in late trade, Vital Thera (NASDAQ:VTL) which lost 27.97% to settle at 0.25 and Helios and Matheson Analytics Inc (NASDAQ:HMNY) which was down 27.57% to 0.015 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1816 to 1206 and 134 ended unchanged; on the Nasdaq Stock Exchange, 1756 fell and 833 advanced, while 133 ended unchanged.

Shares in Radcom Ltd (NASDAQ:RDCM) fell to 52-week lows; losing 28.99% or 5.00 to 12.25. Shares in Vital Thera (NASDAQ:VTL) fell to all time lows; losing 27.97% or 0.10 to 0.25. Shares in Helios and Matheson Analytics Inc (NASDAQ:HMNY) fell to all time lows; falling 27.57% or 0.006 to 0.015.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 12.26% to 13.55.

Gold Futures for December delivery was up 0.38% or 4.60 to $1205.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.35% or 0.24 to hit $68.53 a barrel, while the November Brent oil contract fell 0.22% or 0.17 to trade at $77.92 a barrel.

EUR/USD was up 0.53% to 1.1685, while USD/JPY fell 0.21% to 111.84.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED0307W_M.jpg © Reuters.

Colombia stocks lower at close of trade; COLCAP down 0.19%

– Colombia stocks were lower after the close on Monday, as losses in the Investment, Services and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP lost 0.19%.

The best performers of the session on the COLCAP were Conconcret (CN:CIC), which rose 4.96% or 17.0 points to trade at 360.0 at the close. Meanwhile, Ecopetrol SA (CN:ECO) added 2.11% or 80.0 points to end at 3870.0 and Cemex Latam Holdings SA (CN:CLH) was up 2.03% or 110.0 points to 5530.0 in late trade.

The worst performers of the session were Etb (CN:ETB), which fell 3.15% or 11.0 points to trade at 338.0 at the close. Grupo Aval Acciones y Valores SA Pref (CN:GAA_p) declined 3.36% or 40.0 points to end at 1150.0 and Bcolombia (CN:BIC) was down 3.08% or 980.0 points to 30820.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 18 to 10 and 4 ended unchanged.

Shares in Ecopetrol SA (CN:ECO) rose to 3-years highs; gaining 2.11% or 80.0 to 3870.0.

US coffee C for December delivery was down 2.56% or 2.55 to $97.25 . Elsewhere in commodities trading, US cocoa for delivery in December rose 0.70% or 15.50 to hit $2237.50 , while the December Gold Futures contract rose 0.38% or 4.60 to trade at $1205.70 a troy ounce.

USD/COP was down 0.33% to 3014.40, while BRL/COP rose 0.78% to 730.52.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/Colombian_Securities_Exchange_M_1440056295.jpg

Ethereum Falls 11.55% In Bearish Trade

- Ethereum was trading at $199.15 by 15:54 (19:54 GMT) on the Index on Monday, down 11.55% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Ethereum's market cap down to $20.86B, or 10.70% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $199.15 to $224.48 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 4.84%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.85B or 15.44% of the total volume of all cryptocurrencies. It has traded in a range of $169.08 to $259.37 in the past 7 days.

At its current price, Ethereum is still down 86.01% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,269.0 on the Index, down 3.75% on the day.

XRP was trading at $0.27027 on the Index, a loss of 4.04%.

Bitcoin's market cap was last at $109.06B or 55.96% of the total cryptocurrency market cap, while XRP's market cap totaled $10.82B or 5.55% of the total cryptocurrency market value.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED9A0RJ-ORUBS_M.jpg © Reuters.

Stocks - S&P Sinks as Tech, Trade Woes Weigh

- The S&P 500 closed lower on Monday as investors braced for an escalation in trade tensions between the United States and China, while a decline in tech also weighed.

The Dow Jones Industrial Average fell about 0.35%. The S&P 500 fell 0.54%, while the Nasdaq Composite fell 1.43%.

Investors fled U.S. stocks, bracing for the impact of a deeper rift in U.S.-China trade relations, which could dent global growth, as both countries get ready to fire another volley of trade tariffs against in each other.

President Donald Trump said an announcement on U.S.-China trade will be coming after the close on Monday. "We can't do that anymore," Trump claimed, saying the U.S. deficit was too big.

The latest round of tariffs from U.S. would impose a 10% levy on an additional $200 billion in Chinese goods.

Beijing has reportedly vowed to hit back against any new tariffs imposed by the United States, throwing into doubt the prospect of renewed trade negotiations.

Trade-sensitive names like Boeing (NYSE:BA) and Caterpillar (NYSE:CAT), which have significant international exposure, ended the day mixed, as the latter deftly sidestepped trade tensions after reporting a 23% jump in global retail sales for the three months ended August 2018.

Beyond trade, a wave of selling pressure emerged in tech, driven by a slump in shares of Apple and Amazon.

Amazon.com (NASDAQ:AMZN) dropped 3% as The Wall Street Journal reported that the e-commerce giant is investigating suspected data leaks and bribes among employees. Apple (NASDAQ:AAPL) fell nearly 3% as Rosenblatt Securities reportedly said pre-orders for Apple's iPhone XS and Max were weaker than the X model.

"We believe iPhone XS and iPhone XS Max preorders to be weaker compared to the iPhone X preorders, which we had estimated last year to be about 12 million in the first three days, with lead times of 3-5 weeks," Rosenblatt Securities analyst Jun Zhang said in a note to clients Monday.

Apple received a modicum of relief, however, amid reports the Apple Watch and AirPods would be spared from latest China tariffs.

Energy, meanwhile, rose modestly, shrugging off fears that rising trade war tensions would hurt global crude demand.

On the New York Mercantile Exchange, crude futures for November delivery fell 19 cents to trade at $68.58 a barrel.

In corporate news, Coca-Cola (NYSE:KO) said it was "closely watching" the market for drinks infused with cannabidiol, or CBD, the chemical in marijuana believed to relieve pain and anxiety, fuelling expectations the soft-drink giant could make a move into the red-hot cannabis market.

Top S&P 500 Gainers and Losers Today:

Mosaic Co (NYSE:MOS), NiSource Inc (NYSE:NI) and Kroger Company (NYSE:KR) were among the top S&P 500 gainers for the session.

ABIOMED Inc (NASDAQ:ABMD), Twitter Inc (NYSE:TWTR) and Netflix Inc (NASDAQ:NFLX) were among the worst S&P 500 performers of the session.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB670Y5_M.jpg © Reuters.

Nigeria stocks lower at close of trade; NSE 30 down 0.44%

– Nigeria stocks were lower after the close on Monday, as losses in the Food, Beverages&Tobacco, Insurance and Banking sectors led shares lower.

At the close in Lagos, the NSE 30 declined 0.44%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 5.23% or 2.25 points to trade at 45.25 at the close. Meanwhile, Access Bank (LAGOS:ACCESS) added 3.85% or 0.30 points to end at 8.10 and Fidelitybk (LAGOS:FIDELIT) was up 2.44% or 0.040 points to 1.680 in late trade.

The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 5.00% or 0.030 points to trade at 0.570 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) declined 4.61% or 0.35 points to end at 7.25 and Wapco (LAGOS:WAPCO) was down 3.38% or 0.70 points to 20.00.

Falling stocks outnumbered advancing ones on the Lagos by 54 to 30 and 15 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 5-year lows; losing 3.38% or 0.70 to 20.00.

Crude oil for November delivery was down 0.31% or 0.21 to $68.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.18% or 0.14 to hit $77.95 a barrel, while the December Gold Futures contract rose 0.44% or 5.30 to trade at $1206.40 a troy ounce.

EUR/NGN was up 0.35% to 422.160, while USD/NGN fell 0.28% to 361.500.

The US Dollar Index Futures was down 0.48% at 94.05.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7H0NX_M.jpg © Reuters.

Dollar Dives as Trade Concerns Flare Up; Sterling Strengthens

- The dollar fell against its rivals Monday, on fears of an escalation in the U.S.-China trade war, while a stronger pound and euro also weighed on sentiment.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.46% to 94.07.

U.S. President Donald Trump was expected to announce new 10% tariffs on $200 billion in Chinese goods as soon as Monday, though some said the administration decision to lower tariffs had tempered fears somewhat of a full-blown trade war.

The new 10% tariffs are below an original figure of 25% floated by the administration earlier, The Wall Street Journal reported. The fresh round of levies comes just a week ahead of new trade talks between the U.S. and China. China vowed to hit back with countermeasures should the U.S. follow through on plans to impose tariffs.

The trade-war proxy AUD/JPY, rose 0.36% to 80.45, while risk-sensitive USD/JPY fell 0.07% to Y111.97.

The Australian economy relies heavily on exporting raw materials (primarily metals), particularly to China, which accounts for about a third of Australian exports every year.

Still, investors remain on edge amid fears of further trade disputes after Trump in a tweet threatened further tariffs on trade partners that fail to make to make "fair deals."

A stronger pound also kept the dollar in the red as investors cheered reports of positive remarks on Brexit from the European Council.

The EU Council reported said that some parts of Brexit draft had been "agreed in principle." This comes just days before Brexit talks are set to resume on Wednesday.

GBP/USD rose 0.60% to $1.3149.

EUR/USD rose 0.59% to $1.1691 amid in-line consumer inflation data and optimism Italy will deliver a budget within the European guidelines.

USD/CAD fell 0.08% as investors continued to hope the U.S.-Canada will reach an agreement on a deal to revamp the North American Free Trade Agreement as early as this week.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5N005_M.jpg © Reuters.

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.86%

– Denmark stocks were lower after the close on Monday, as losses in the Healthcare, Software&Computer Services and Technology sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.86% to hit a new 1-month low.

The best performers of the session on the OMX Copenhagen 20 were Ambu A/S (CO:AMBUb), which rose 1.76% or 3.2 points to trade at 185.2 at the close. Meanwhile, Novozymes A/S B (CO:NZYMb) added 0.63% or 2.2 points to end at 348.8 and Jyske Bank A/S (CO:JYSK) was up 0.57% or 1.8 points to 316.8 in late trade.

The worst performers of the session were Lundbeck A/S (CO:LUN), which fell 3.11% or 12.5 points to trade at 389.8 at the close. Genmab (CO:GEN) declined 2.57% or 28.0 points to end at 1062.5 and GN Store Nord (CO:GN) was down 1.94% or 6.4 points to 323.2.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 88 to 37 and 17 ended unchanged.

Crude oil for November delivery was down 0.51% or 0.35 to $68.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.29% or 0.23 to hit $77.86 a barrel, while the December Gold Futures contract rose 0.53% or 6.40 to trade at $1207.50 a troy ounce.

USD/DKK was down 0.54% to 6.3819, while EUR/DKK rose 0.01% to 7.4607.

The US Dollar Index Futures was down 0.47% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB970WT_M.jpg © Reuters.

France stocks lower at close of trade; CAC 40 down 0.07%

– France stocks were lower after the close on Monday, as losses in the Consumer Goods, Healthcare and Technology sectors led shares lower.

At the close in Paris, the CAC 40 fell 0.07%, while the SBF 120 index fell 0.05%.

The best performers of the session on the CAC 40 were Atos SE (PA:ATOS), which rose 2.12% or 2.10 points to trade at 101.00 at the close. Meanwhile, ArcelorMittal SA (AS:MT) added 2.03% or 0.510 points to end at 25.630 and Societe Generale SA (PA:SOGN) was up 1.38% or 0.49 points to 36.30 in late trade.

The worst performers of the session were STMicroelectronics NV (PA:STM), which fell 2.04% or 0.325 points to trade at 15.580 at the close. LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) declined 1.44% or 4.20 points to end at 288.15 and Kering SA (PA:PRTP) was down 1.39% or 6.20 points to 441.00.

The top performers on the SBF 120 were Casino Guichard (PA:CASP) which rose 7.63% to 35.40, Rubis SCA (PA:RUBF) which was up 4.34% to settle at 47.62 and ALD SA (PA:ALDA) which gained 2.82% to close at 16.77.

The worst performers were Sopra Steria Group SA (PA:SOPR) which was down 4.51% to 137.70 in late trade, Altran Technologies (PA:ALTT) which lost 3.68% to settle at 7.190 and Maisons du Monde SAS (PA:MDM) which was down 2.78% to 24.500 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 289 to 272 and 114 ended unchanged.

Shares in Sopra Steria Group SA (PA:SOPR) fell to 52-week lows; down 4.51% or 6.50 to 137.70. Shares in Altran Technologies (PA:ALTT) fell to 3-years lows; losing 3.68% or 0.275 to 7.190. Shares in ALD SA (PA:ALDA) rose to all time highs; gaining 2.82% or 0.46 to 16.77.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 8.72% to 13.86.

Gold Futures for December delivery was up 0.53% or 6.40 to $1207.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.55% or 0.38 to hit $68.39 a barrel, while the November Brent oil contract fell 0.32% or 0.25 to trade at $77.84 a barrel.

EUR/USD was up 0.58% to 1.1690, while EUR/GBP fell 0.06% to 0.8888.

The US Dollar Index Futures was down 0.47% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/PARIS-STOCK-EXCHANGE_M_1440048730.jpg

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.51%

– Italy stocks were higher after the close on Monday, as gains in the Telecoms, Financials and Industrials sectors led shares higher.

At the close in Milan, the Italy 40 added 0.51% to hit a new 1-month high.

The best performers of the session on the Italy 40 were Telecom Italia (MI:TLIT), which rose 4.01% or 0.0212 points to trade at 0.5498 at the close. Meanwhile, Banco Bpm SpA (MI:BAMI) added 3.60% or 0.080 points to end at 2.300 and Mediaset SpA (MI:MS) was up 2.90% or 0.074 points to 2.625 in late trade.

The worst performers of the session were STMicroelectronics (MI:STM), which fell 2.17% or 0.345 points to trade at 15.550 at the close. Ferrari NV (MI:RACE) declined 1.40% or 1.60 points to end at 112.95 and Leonardo SpA (MI:LDOF) was down 0.83% or 0.085 points to 10.175.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 220 to 132 and 34 ended unchanged.

Crude oil for November delivery was down 0.52% or 0.36 to $68.41 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.29% or 0.23 to hit $77.86 a barrel, while the December Gold Futures contract rose 0.53% or 6.40 to trade at $1207.50 a troy ounce.

EUR/USD was up 0.58% to 1.1690, while EUR/GBP fell 0.06% to 0.8888.

The US Dollar Index Futures was down 0.47% at 94.06.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB9R0BH_M.jpg © Reuters.

Belgium stocks higher at close of trade; BEL 20 up 0.07%

– Belgium stocks were higher after the close on Monday, as gains in the Consumer Services, Financials and Utilities sectors led shares higher.

At the close in Brussels, the BEL 20 gained 0.07%.

The best performers of the session on the BEL 20 were Sofina (BR:SOF), which rose 2.66% or 4.40 points to trade at 170.00 at the close. Meanwhile, Telenet Group (BR:TNET) added 2.05% or 0.98 points to end at 48.88 and Ontex Group (BR:ONTEX) was up 2.01% or 0.37 points to 18.78 in late trade.

The worst performers of the session were Galapagos NV (AS:GLPG), which fell 2.42% or 2.470 points to trade at 99.680 at the close. UCB (BR:UCB) declined 2.33% or 1.86 points to end at 78.14 and Argen-X (BR:ARGX) was down 0.49% or 0.40 points to 81.40.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 60 to 48 and 20 ended unchanged.

Gold Futures for December delivery was up 0.54% or 6.50 to $1207.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.19% or 0.13 to hit $68.64 a barrel, while the November Brent oil contract rose 0.01% or 0.01 to trade at $78.10 a barrel.

EUR/USD was up 0.59% to 1.1692, while EUR/GBP fell 0.04% to 0.8889.

The US Dollar Index Futures was down 0.48% at 94.05.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB6U08A_M.jpg © Reuters.

U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.59%

– U.K. stocks were lower after the close on Monday, as losses in the Beverage, Software&Computer Services and Life Insurance/Assurance sectors led shares lower.

At the close in London, the United Kingdom 100 fell 0.59% to hit a new 3-months low.

The best performers of the session on the United Kingdom 100 were SSE PLC (LON:SSE), which rose 3.55% or 38.50 points to trade at 1122.50 at the close. Meanwhile, Carnival PLC (LON:CCL) added 2.36% or 111.00 points to end at 4815.00 and WPP PLC (LON:WPP) was up 2.09% or 23.50 points to 1148.00 in late trade.

The worst performers of the session were Hikma Pharmaceuticals PLC (LON:HIK), which fell 3.67% or 72.00 points to trade at 1890.00 at the close. Ashtead Group PLC (LON:AHT) declined 2.26% or 54.00 points to end at 2340.00 and Burberry Group PLC (LON:BRBY) was down 2.04% or 44.00 points to 2109.00.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1039 to 971 and 326 ended unchanged.

Gold Futures for December delivery was up 0.50% or 6.00 to $1207.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.23% or 0.16 to hit $68.61 a barrel, while the November Brent oil contract fell 0.01% or 0.01 to trade at $78.08 a barrel.

GBP/USD was up 0.61% to 1.3150, while EUR/GBP fell 0.06% to 0.8888.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB790CI_M.jpg © Reuters.

Turkey stocks lower at close of trade; BIST 100 down 0.43%

– Turkey stocks were lower after the close on Monday, as losses in the Food&Beverages, Banking and Metal Products&Machinery sectors led shares lower.

At the close in Istanbul, the BIST 100 declined 0.43%.

The best performers of the session on the BIST 100 were Metro Ticari ve Mali Yatirimlar Holding AS (IS:METRO), which rose 10.13% or 0.080 points to trade at 0.870 at the close. Meanwhile, Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI) added 6.29% or 2.02 points to end at 34.12 and Ihlas Holding AS (IS:IHLAS) was up 5.71% or 0.020 points to 0.370 in late trade.

The worst performers of the session were Ulker Biskuvi Sanayi AS (IS:ULKER), which fell 7.16% or 1.22 points to trade at 15.82 at the close. Turkiye Is Bankasi AS Class C (IS:ISCTR) declined 5.80% or 0.240 points to end at 3.900 and Migros Ticaret AS (IS:MGROS) was down 4.95% or 0.75 points to 14.40.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 222 to 145 and 41 ended unchanged.

Gold Futures for December delivery was up 0.52% or 6.30 to $1207.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.28% or 0.19 to hit $68.58 a barrel, while the November Brent oil contract fell 0.12% or 0.09 to trade at $78.00 a barrel.

USD/TRY was up 2.05% to 6.2995, while EUR/TRY rose 2.63% to 7.3678.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/Istanbul_Stock_Exchange_M_1440056248.jpg

Israel stocks higher at close of trade; TA 35 up 0.39%

– Israel stocks were higher after the close on Monday, as gains in the Oil&Gas, Insurance and Real Estate sectors led shares higher.

At the close in Tel Aviv, the TA 35 rose 0.39%.

The best performers of the session on the TA 35 were OPKO Health Inc (TA:OPK), which rose 3.65% or 52 points to trade at 1475 at the close. Meanwhile, ICL Israel Chemicals Ltd (TA:ICL) added 3.60% or 75 points to end at 2160 and Israel Corp (TA:ILCO) was up 2.94% or 3200 points to 112000 in late trade.

The worst performers of the session were Mazor Robotics (TA:MZOR), which fell 2.65% or 237 points to trade at 8713 at the close. Liveperson (TA:LPSN) declined 2.30% or 226 points to end at 9611 and Israel Discount Bank Ltd (TA:DSCT) was down 1.95% or 25.0 points to 1255.0.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 228 to 171 and 20 ended unchanged.

Shares in ICL Israel Chemicals Ltd (TA:ICL) rose to 52-week highs; up 3.60% or 75 to 2160. Shares in Israel Corp (TA:ILCO) rose to 52-week highs; gaining 2.94% or 3200 to 112000.

Crude oil for November delivery was up 0.01% or 0.01 to $68.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.27% or 0.21 to hit $78.30 a barrel, while the December Gold Futures contract rose 0.59% or 7.10 to trade at $1208.20 a troy ounce.

USD/ILS was up 0.08% to 3.5826, while EUR/ILS rose 0.64% to 4.1873.

The US Dollar Index Futures was down 0.46% at 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED1K0VN_M.jpg © Reuters.

Amazon.com Falls 3.85%

- Amazon.com (NASDAQ:AMZN) fell by 3.85% to trade at $1,894.32 by 10:07 (14:07 GMT) on Monday on the NASDAQ exchange.

The volume of Amazon.com shares traded since the start of the session was $1.86M. Amazon.com has traded in a range of $1,887.41 to $1,956.82 on the day.

The stock has traded at $2.01K at its highest and $1.89K at its lowest during the past seven days.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7H0NX_M.jpg © Reuters.

Stocks - Wall Street Falls as Trade Jitters Rock Investor Sentiment

- Wall Street was lower on Monday as investors waited for a trade tariff announcement from the White House.

The S&P 500 fell 5 points, or 0.18%, to 2,899.78 as of 9:42 AM ET (13:42 GMT), while the Dow decreased 22 points, or 0.09%, to 26,132.03 and the tech-heavy Nasdaq Composite slumped 48 points, or 0.61%, to 7,961.31.

U.S. tariffs on about $200 billion worth of Chinese imports could be announced as early as Monday, Reuters reported. China is likely to decline proposed trade talks with the U.S. later this month if the tariffs are pushed through and will look at retaliation steps.

In other news, U.S. government debt prices inched lower on Monday, pushing the United States 10-Year to as high as 3.022%, the highest level since May 22.

Pharmaceutical company Teva (NYSE:TEVA) was among the top gainers after the morning bell, surging 6.08% after the U.S. Food and Drug Administration approved the company's migraine treatment. Meanwhile, medical marijuana company Tilray (NASDAQ:TLRY) jumped 8.01% and Canopy Growth (NYSE:CGC) increased 5.49% after news that Coca-Cola (NYSE:KO) is in talks with marijuana producer Aurora Cannabis (OTC:ACBFF) to make cannabis-infused beverages.

FedEx (NYSE:FDX) rose 1.13% ahead of its earnings report expected after the closing bell.

Elsewhere, technology stocks were down, with Amazon.com (NASDAQ:AMZN) falling 1.34% after a report that its employees accepted brides to provide internal data to outside parties. Apple (NASDAQ:AAPL) dipped 0.97% and Facebook (NASDAQ:FB) was down 0.78%, while Twitter (NYSE:TWTR) slumped 4.15%.

In Europe stocks were mostly up. Germany’s DAX fell 31 points, or 0.26%, while in France the CAC 40 increased 3 points, or 0.07%,, and in London the FTSE 100 was up 2 points, or 0.04%. Meanwhile, the pan-European Euro Stoxx 50 gained 1 point, or 0.05%, while Spain’s IBEX 35 surged 64 points, or 0.68%.

In commodities, gold futures rose 0.42% to $1,206.10 a troy ounce while crude oil futures jumped 0.86% to $69.36 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.46% to 94.07.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6M0LI_M.jpg © Reuters.

Gold Prices Reclaim $1,200 Ahead of New U.S. Tariffs on China

- Gold prices edged higher on Monday, reclaiming the key $1,200-level amid renewed fears over an escalating trade war between the world's two largest economies.

Comex gold futures were up $2.00, or 0.2%, at $1,203.10 a troy ounce by 9:00AM ET.

Meanwhile, spot gold was trading at $1,200.08 per ounce, up $5.80, or 0.5%.

Market focus will largely be attuned to the next potential steps in the tit-for-tat trade dispute between the U.S. and China.

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, according to a senior administration official.

The tariff level will probably be about 10%, the Wall Street Journal reported, far below the 25% the administration said it was considering for this possible round of tariffs.

The WSJ later reported that China may decline to participate in proposed trade talks with the U.S. later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, as Beijing won't negotiate under threat.

Officials are also considering potential retaliation steps, the report said.

Investors have shunned gold despite an escalation in global trade tensions, indicating that the precious metal may be losing its safe-haven status.

Instead, market players opted to pile in to the U.S. dollar in the belief that the United States has less to lose from the dispute.

In other metals action, silver futures were 9.3 cents, or 0.6%, higher at $14.23 a troy ounce.

Platinum was up 0.5% at $802.40, while palladium gained 0.3% to $972.90.

December copper slumped 1.7 cents, or 0.6%, to $2.630 a pound.

Copper prices have been hit by fears that a trade spat between the U.S. and China will act as a drag on the Chinese economy, undermining demand for metals used in construction and manufacturing.

China accounts for about half the world’s demand for copper and other industrial materials.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED1M0ED_M.jpg © Reuters.

U.S. 10-Year Treasury Yield Hits 4-Month High as Trade Tensions Mount

- U.S. government debt prices inched lower on Monday, pushing yields higher across the curve, as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of their trade conflict.

The yield on 10-year U.S. Treasury notes rose as high as 3.022%, the strongest level since May 22. It was last at 3.013% by 8:45AM ET.

Meanwhile, the yield on the 30-year Treasury bond stood at 3.151%.

Bond yields move inversely to prices.

As a new week kicks into action, the U.S.-China trade spat will likely remain a key driver of sentiment.

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, according to a senior administration official.

The tariff level will probably be about 10%, the Wall Street Journal reported, far below the 25% the administration said it was considering for this possible round of tariffs.

The WSJ later reported that China may decline to participate in proposed trade talks with the U.S. later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, as Beijing won't negotiate under threat.

Officials are also considering potential retaliation steps, the report said.

U.S.-Sino trade-war fears have been simmering for months. Neither side is showing any signs of backing down, fueling worries that world's two largest economies are spiraling towards a trade war that could shake the global economy.

]]> https://i-invdn-com.akamaized.net/news/nyse-stock-exchange_M_1440049874.jpg

Bitcoin Inches Down, Coinbase Expands New York Office

- Cryptocurrencies were flat on Monday, with Bitcoin maintaining a four-day range of $6,450.

Bitcoin inched down 0.70% to $6,470.70 on the Bitfinex exchange, as of 8:38 AM ET (12:38 GMT).

Cryptocurrencies overall were slightly higher with the coin market cap of total market capitalization at $201 billion at the time of writing compared to $199 billion on Friday.

Ethereum,or Ether, the second-biggest alternative currency by market cap, fell 0.72% to $218.30. XRP, the third-largest virtual currency, was down 0.09% to $0.27971 and Litecoin was at $55.934, down 1.58%.

In other news, platform exchange Coinbase is planning to hire 130 employees in its New York office by the end of next year, bringing the total staff to 150. The move is part of the companies plan to target institutional investors, Adam White, general manager of Coinbase, said.

“When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy,” he said.

Meanwhile, a U.S. Pennsylvania district court dismissed a case against the defunct Mt. Gox digital currency exchange and Mizuho bank of Japan on lack of jurisdiction. The court granted a motion of Mizuho to dissmiss the case filed against them by Gregory Pearce, who was one of 24,000 users who lost money.

The platform collapsed in 2014, following the theft of nearly 70% of Bitcoin holdings from hackers. The cyber attack resulted in a loss of 850,000 Bitcoin and is one of the most significant attacks to date.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPED040TQ_M.jpg © Reuters.

Empire State Index Falls in September

- The Empire State manufacturing index unexpectedly rose in September, to a reading of 19.00 from 25.60 in August, the New York Fed reported on Monday.

The consensus forecast had been for a reading of 23.20.

Any reading above zero indicates improving conditions and below indicates worsening conditions.

The report indicated that business activity continued to grow at a “solid clip” in New York State, according to firms responding to the September survey.

New orders and shipments grew moderately, while delivery times continued to lengthen, and inventories moved higher.

Labor market indicators pointed to an increase in employment levels and longer workweeks.

Price indexes were little changed and remained elevated, suggesting ongoing significant increases in both input prices and selling prices.

“Looking ahead, firms remained fairly optimistic about the six-month outlook,” the report highlighted.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA610MC_M.jpg © Reuters.

India stocks lower at close of trade; Nifty 50 down 1.19%

– India stocks were lower after the close on Monday, as losses in the Consumer Durables, Fast Moving Consumer Goods and Carbon sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.19%, while the BSE Sensex 30 index fell 1.33%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 2.74% or 9.70 points to trade at 364.00 at the close. Meanwhile, Hindustan Petroleum Corporation Ltd (NS:HPCL) added 1.88% or 4.75 points to end at 258.35 and Eicher Motors Ltd. (NS:EICH) was up 0.95% or 279.95 points to 29663.70 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 2.86% or 19.05 points to trade at 646.20 at the close. Bharti Infratel Ltd (NS:BHRI) declined 2.82% or 7.75 points to end at 266.85 and Bajaj Finance Ltd (NS:BJFN) was down 2.53% or 67.60 points to 2604.60.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 0.70% to 201.50, Tata Consultancy Services Ltd. (BO:TCS) which was up 0.40% to settle at 2071.60 and Adani Port and Special Economic Zone Ltd (BO:APSE) which gained 0.37% to close at 381.45.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.85% to 646.15 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 2.38% to settle at 1880.40 and Tata Motors Ltd (BO:TAMO) which was down 2.35% to 260.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 880 to 719 and 67 ended unchanged; on the Bombay Stock Exchange, 1411 fell and 1234 advanced, while 163 ended unchanged.

Shares in Bharti Infratel Ltd (NS:BHRI) fell to 3-years lows; falling 2.82% or 7.75 to 266.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.71% to 14.4950.

Gold Futures for December delivery was up 0.14% or 1.70 to $1202.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.67% or 0.46 to hit $69.23 a barrel, while the November Brent oil contract rose 0.63% or 0.49 to trade at $78.58 a barrel.

USD/INR was up 0.44% to 72.424, while EUR/INR rose 1.09% to 84.4405.

The US Dollar Index Futures was down 0.21% at 94.31.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC6B0BA_M.jpg © Reuters.

Top 5 Things to Know in The Market on Monday

- Here are the top five things you need to know in financial markets on Monday, September 17:

1. Trump Readies New $200B Tariffs in China Trade War

As a new week kicks into action, the U.S.-China trade spat will likely remain a key driver of sentiment.

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as today, according to a senior administration official.

The tariff level will probably be about 10%, the Wall Street Journal reported, far below the 25% the administration said it was considering for this possible round of tariffs.

The WSJ later reported that China may decline to participate in proposed trade talks with the U.S. later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, as Beijing won't negotiate under threat.

Officials are also considering potential retaliation steps, the report said.

U.S.-Sino trade-war fears have been simmering for months. Neither side is showing any signs of backing down, fueling worries that world's two largest economies are spiraling towards a trade war that could shake the global economy.

2. Global Stocks Knocked Lower

Global stock markets were lower as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of their trade conflict.

In Asia, markets in the region ended deep in negative territory, led by losses in China. The Shanghai Composite fell 1.1% to close at the lowest level since 2014, while the smaller-cap Shenzhen Composite dropped 1.4%.

The downbeat sentiment carried over to Europe, where the continent's major bourses were mostly lower, with most of the sectors in the red. The pan-regional STOXX 600 benchmark was down 0.3% in mid-morning trade, with trade-sensitive autos and mining stocks the worst performing.

On Wall Street, U.S. stock index futures pointed to a slightly lower open.

At 5:35AM ET, the blue-chip Dow futures were down 35 points, or about 0.1%, the S&P 500 futures shed 4 points, or around 0.1%, while the tech-heavy Nasdaq 100 futures indicated a decline of 12 points, or roughly 0.2%.

3. FedEx, Oracle Report Earnings

There is a late-quarter lull in earnings reports, but results are still expected from a pair of notable companies today.

FedEx (NYSE:FDX) is slated to report fiscal first-quarter results after U.S. markets close. The shipping giant is expected to report earnings of $3.83 per share on revenue of $16.88 billion, according to estimates.

Oracle (NYSE:ORCL) is also scheduled to report fiscal first-quarter numbers after Monday's closing bell. Analysts on Wall Street expect earnings per share of 68 cents on revenue of $9.25 billion.

4. Dollar Slides to 6-Week Low

Away from equities, the U.S. dollar edged lower against its major rivals to start the week, as investors sold the greenback amid renewed fears over an escalating trade war between the world's two largest economies.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.15% at 94.35, the lowest level since the end of July.

Against the yen, the dollar was a shade lower at 111.95, but still within sight of Friday's two-month high of 112.16.

The dollar has seen a surge in safe-haven demand from an escalation of global trade tensions between the U.S. and its major trading partners on the belief that the U.S. has less to lose from the dispute.

On the data front, the Empire State Manufacturing survey is due out at 8:30AM ET.

In the bond market, U.S. Treasury prices were little changed, with the benchmark 10-year yield holding at 2.995%, while the Fed-sensitive 2-year note stood at 2.775%.

5. Brexit Talks Set to Pick Up Pace

The euro and the British pound enjoyed positive starts to the week, as markets cheered encouraging developments on terms for Britain's exit from the European Union.

The euro ticked up 0.2% to 1.1650 against the dollar, not far from a three-week top of 1.1721 set on Friday.

The pound was also slightly higher at 1.3095, within sight of Friday's peak of 1.3145, which was the strongest level since July 31.

The first of three Brexit summits are set for the coming week, where European Union leaders hope to settle an agreement within the next two months over the terms of Britain's departure.

The timing of the meetings tallies with EU Brexit negotiator Michel Barnier's suggestion that an exit deal could be struck in six to eight weeks if negotiators are realistic in their demands.

British Prime Minister Theresa May has warned rebels in her party that unless they support her potential Brexit deal with the EU then they will face a no deal.

The UK is due to leave the EU on March 29.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEE310KH_M.jpg © Reuters.

Philippines stocks higher at close of trade; PSEi Composite up 0.01%

– Philippines stocks were higher after the close on Monday, as gains in the Industrials, Property and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.01%.

The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 2.83% or 4.00 points to trade at 145.30 at the close. Meanwhile, Jollibee Foods Corp (PS:JFC) added 2.23% or 6.00 points to end at 275.00 and SM Prime Holdings Inc (PS:SMPH) was up 1.65% or 0.600 points to 37.000 in late trade.

The worst performers of the session were Security Bank Corp (PS:SECB), which fell 3.30% or 6.00 points to trade at 176.00 at the close. Megaworld Corp (PS:MEG) declined 2.74% or 0.120 points to end at 4.260 and Aboitiz Equity Ventures Inc (PS:AEV) was down 2.69% or 1.300 points to 47.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 97 to 94 and 44 ended unchanged.

Shares in Security Bank Corp (PS:SECB) fell to 52-week lows; falling 3.30% or 6.00 to 176.00. Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 3-years lows; falling 2.69% or 1.300 to 47.000.

Gold Futures for December delivery was up 0.02% or 0.20 to $1201.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.65% or 0.45 to hit $69.22 a barrel, while the November Brent oil contract rose 0.56% or 0.44 to trade at $78.53 a barrel.

CNY/PHP was up 0.07% to 7.8861, while USD/PHP rose 0.05% to 54.165.

The US Dollar Index Futures was down 0.19% at 94.33.

]]> https://i-invdn-com.akamaized.net/news/manila_phillipnes_M_1440051502.jpg

Taiwan stocks lower at close of trade; Taiwan Weighted down 0.36%

– Taiwan stocks were lower after the close on Monday, as losses in the , Oil, Gas&Electricity and Cement sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted lost 0.36%.

The best performers of the session on the Taiwan Weighted were Shihlin Electric&Engineering Corp (TW:1503), which rose 9.96% or 4.60 points to trade at 50.80 at the close. Meanwhile, Jentech Precision Industrial Co Ltd (TW:3653) added 9.95% or 8.20 points to end at 90.60 and Ruentex Materials Co Ltd (TW:8463) was up 9.89% or 2.65 points to 29.45 in late trade.

The worst performers of the session were Ritek Corp (TW:2349), which fell 9.80% or 1.450 points to trade at 13.350 at the close. Syscom Computer Engineering Co (TW:2453) declined 7.09% or 0.90 points to end at 11.80 and Chaintech Technology Corp (TW:2425) was down 6.81% or 3.25 points to 44.45.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 511 to 295 and 105 ended unchanged.

Shares in Shihlin Electric&Engineering Corp (TW:1503) rose to all time highs; up 9.96% or 4.60 to 50.80. Shares in Jentech Precision Industrial Co Ltd (TW:3653) rose to 3-years highs; rising 9.95% or 8.20 to 90.60. Shares in Syscom Computer Engineering Co (TW:2453) fell to 52-week lows; losing 7.09% or 0.90 to 11.80.

Crude oil for November delivery was up 0.13% or 0.09 to $68.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.10% or 0.08 to hit $78.17 a barrel, while the December Gold Futures contract fell 0.03% or 0.40 to trade at $1200.70 a troy ounce.

USD/TWD was up 0.09% to 30.800, while TWD/CNY rose 0.05% to 0.2219.

The US Dollar Index Futures was down 0.02% at 94.49.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB8R190_M.jpg © Reuters.

Gold Prices, Dollar Slips as New China Tariffs Imminent

- Gold prices and the U.S. dollar both slipped on Monday as the United States is set impose a new round of tariffs on Chinese imports.

Gold futures for December delivery were down 0.14% to $1,199.4 per troy ounce at 12:50AM ET (04:50 GMT) on the Comex division of the New York Mercantile Exchange.

Reports on the weekend suggested that U.S. President Donald Trump wants to move forward with tariffs on $200 billion in Chinese goods.

The tariff level will probably be about 10%, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25% the administration said it was considering for this possible round of tariffs.

The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, traded 0.04% lower to 94.47.

Asian equities also traded mostly lower on the tariffs news, with China’s Shanghai Composite, the Shenzhen Composite and Hong Kong’s Hang Seng Index all fell more than 1%.

Looking ahead, the U.S. Commerce Department is set to publish a report on building permits and housing starts for August at on Wednesday.

The data is expected to show that permits dipped 0.1% slightly to 1.310 million last month, while housing starts are forecast to show a gain of 5.8% to 1.240 million.

]]> https://i-invdn-com.akamaized.net/news/gold_2_M_1440047838.jpg

Oil Prices Fall amidst Fresh Wave of U.S. Tariffs

- Oil prices slipped on Monday morning in Asia as reports on the weekend suggested that the U.S. planned to slap tariffs on a new batch of $200 billion worth of Chinese exports, a move that offset fears of supply constraints caused by Washington’s sanctions against Iran.

Crude Oil WTI Futures for November delivery fell 0.07% to $68.72 at 12:50AM ET (04:50 GMT), while Brent Oil Futures for November delivery also edged down 0.01% to $78.08.

Sources from CNBC said that U.S. President Donald Trump is ready to impose a new round of tariffs on $200 billion worth of Chinese goods as early as this week, ahead of trade talks initiated by Treasury Secretary Steve Mnuchin to de-escalate trade jitters. The new tariffs may be set at 10%, below the original figure of 25% floated by the administration in the past.

The decision came after the conclusion of public consultations on this new around of tariffs earlier this month. Trump threatened to put tariffs on virtually all Chinese products and dampened expectations about the impact of trade talks with Beijing.

Meanwhile, traders are also paying close attention to the U.S. crude sanctions on Iran, which are set to take effect in November. The country’s oil exports are down by almost a third since the sanctions announcement in April. They dropped below 2 million barrels a day in August and continued to fall in the first half of September.

“The market’s expectation of shortages has cooled after data from last week showed increases in supplies, while investors have lowered the outlook for oil demand,” said Wang Xiao, head of crude research at Guotai Junan Futures.

Iran said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as Washington is seeking to slap new sanctions Iran’s oil sales. Those sanctions could see the country’s oil exports drop to zero in November. The U.S. also encouraged oil producers to pump more oil to offset the shortfall from Iran.

“Russia and Saudi Arabia claim they seek to balance the global oil market, but they are trying to take over a part of Iran’s share. Trump’s efforts to cut Iran’s access to the global crude market has prompted Russia and Saudi Arabia to take the market hostage,” said Hossein Kazempour Ardebili, Iran’s OPEC governor.

Last week, U.S. Energy Secretary Rick Perry met with his Russian and Saudi Arabian counterparts. He said the three countries, the three largest oil producers in the world, can raise global output in the next 18 months to compensate for falling oil supplies.

]]> https://i-invdn-com.akamaized.net/news/oil_2_M_1440047844.jpg

Crypto Prices Trade Higher; PBOC Launches Blockchain-based Trade Finance Trial

- Cryptocurrency prices traded higher on Monday, while reports that China’s PBOC launched a blockchain-based trade finance trial in Shenzhen received some attention.

Bitcoin edged up 0.51% to $6,514.1 at 11:39PM ET (03:39GMT) on the Bitifinex exchange.

Ethereum gained 3.5% to $222.48 in the previous 24 hours.

XRP also rose 1.2% to $0.28190 on the Poloniex exchange, while Litecoin traded 3.3% higher at $57.376.

The People’s Bank of China (PBOC) has officially launched a blockchain-based trade trial in Shenzhen, according to a report from Cryptovest.

The system, known as the “Guangdong-Hong Kong-Macao Great Bay Area Trade Finance Blockchain Platform,” could reduce trade financing costs for micro- to medium-sized enterprises would be reduced to less than 6% from the current 8%, the report said citing Xu Honghui, VP of the transaction banking division of Ping An Bank, which is also involved with the project.

Crypto prices received some support last week on reports that the CEO of the Gibraltar Blockchain Exchange criticized the lack of regulation in the European Union.

Nick Cowan, CEO of the Gibraltar Blockchain Exchange, said that the lack of regulation in the European Union adversely impacts the industry.

“A lack of EU-wide crypto regulation is a deterrent to blockchain innovation and will continue to hinder adoption of the technology by mainstream financial service providers going forward,” he told Cryptovest.

His comments came after news this week that EU regulators are waiting on digital currency regulation until regulators make an analysis of the market. As virtual coins have risen in popularity, governments around the world are struggling with how to respond. So far there are no overarching laws in the EU in regards to cryptocurrencies and blockchain, the technology behind bitcoin.

]]>

Asian Stocks Lower on Trump’s Latest Tariff Threats

- Asian equities were mostly lower in morning trade on Monday on reports that U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as later today.

In the U.S., the S&P 500 saw a slight gain to close at 2,904.98 on Friday, while the Dow Jones Industrial Average rose by 8.68 points and the Nasdaq Composite slid 0.1%.

A senior administration official told Reuters on Saturday that the announcement is likely to come this week despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China.

The tariff level will probably be about 10%, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25% the administration said it was considering for this possible round of tariffs.

The decision came despite a Treasury invitation last week to senior Chinese officials, including Vice Premier Liu He, for more talks to try to resolve trade differences between the world's two largest economies.

China’s Shanghai Composite and the Shenzhen Component traded 1.0% and 0.9% lower respectively by 9:40PM ET (01:40 GMT).

Hong Kong’s Hang Seng Index is trading as normal today and was down 1.8% as the Hong Kong Observatory lowered the storm warning signal to 3 from 8 after Typhoon Mangkhut lost power as it made landfall in China.

Elsewhere, South Korea’s KOSPI fell 0.8% with industry heavyweight Samsung Electronics (KS:005930) sliding by 0.9%.

Down under, Australia’s S&P/ASX 200 were little changed at 6166.6 in morning trade. Japan’s Nikkei 225 is closed for a holiday.

Looking ahead, the U.S. Commerce Department is set to publish a report on building permits and housing starts for August at on Wednesday.

The data is expected to show that permits dipped 0.1% slightly to 1.310 million last month, while housing starts are forecast to show a gain of 5.8% to 1.240 million.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEABM09Q_M.jpg © Reuters.

Israel stocks higher at close of trade; TA 35 up 1.58%

– Israel stocks were higher after the close on Sunday, as gains in the Communication, Oil&Gas and Biomed sectors led shares higher.

At the close in Tel Aviv, the TA 35 gained 1.58%.

The best performers of the session on the TA 35 were Teva Pharmaceutical Industries Ltd (TA:TEVA), which rose 8.75% or 702 points to trade at 8727 at the close. Meanwhile, Bezeq Israeli Telecommunication Corp Ltd (TA:BEZQ) added 7.08% or 28.7 points to end at 434.0 and OPKO Health Inc (TA:OPK) was up 6.35% or 85 points to 1423 in late trade.

The worst performers of the session were Perrigo (TA:PRGO), which fell 1.19% or 320 points to trade at 26610 at the close. Melisron (TA:MLSR) declined 0.51% or 80 points to end at 15750 and Amot Investments Ltd (TA:AMOT) was down 0.26% or 5 points to 1919.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 264 to 117 and 28 ended unchanged.

Crude oil for November delivery was unchanged 0.00% or 0.00 to $68.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.09% or 0.07 to hit $78.11 a barrel, while the December Gold Futures contract fell 0.82% or 9.90 to trade at $1198.30 a troy ounce.

USD/ILS was up 0.35% to 3.5796, while EUR/ILS fell 0.21% to 4.1608.

The US Dollar Index Futures was unchanged 0.00% at 94.50.

]]> https://i-invdn-com.akamaized.net/news/Bank-of-Israel_M_1440048413.jpg

Weekly Outlook: September 17 - 21

- With little data on the economic calendar, markets will likely focus more heavily on trade-related headlines in the coming week after reports said U.S. President Donald Trump wants to move forward with tariffs on $200 billion in Chinese goods.

The tariff level will probably be about 10%, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25% the administration said it was considering for this possible round of tariffs.

Besides trade rhetoric, the U.S. will see a relatively quiet week in terms of economic releases, with a report on the housing sector expected to draw the most attention.

Economists reckon the data will do little to alter expectations that the Federal Reserve will raise interest rates when it meets the following week.

This week's calendar also features flash survey data on euro zone business activity for September, which should give some indication of how the region's economy is coping with global trade conflicts, Italian politics and messy Brexit negotiations.

The latest snapshots of UK inflation and retail sales will also capture some attention.

Staying in Europe, Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle an agreement for departing Britain within the next two months.

Elsewhere, in Asia, a monetary policy announcement from the Bank of Japan will be on the agenda, though no change is expected.

The dollar ticked higher against its rivals on Friday, as upbeat U.S. economic data and higher Treasury yields rekindled some investor appetite for the greenback.

The U.S. Commerce Department said domestic retail sales rose 0.1% in August, the smallest gain in six months, but July figures were revised higher, supporting the view of solid consumer spending in the third quarter.

Consumer spending, which accounts for two-third of the U.S. economy, will likely hold firm as consumer optimism improved to its strongest since March, according to the University of Michigan.

Another bright spot was a 0.4% increase in industrial output last month.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, ended 0.47% higher at 94.97, trimming its weekly decline to 0.4%.

The data also lifted Treasury yields, with the 10-year yield touching 3% for the first time in six weeks.

The euro climbed to a two-week high of 1.1721 earlier on Friday before retreating against the greenback. The common currency ended down 0.57% at 1.1623.

The European Central Bank kept its policy unchanged as expected last week, staying on track to end bond purchases this year and raise interest rates next autumn.

Sterling closed 0.3% lower against the dollar at 1.3070, pulling back after hitting 1.3145 earlier on Friday, its highest level since July 31.

The Bank of England also kept interest rates on hold last week and highlighted greater financial market concerns about Brexit.

Ahead of the coming week, has compiled a list of significant events likely to affect the markets.

Monday, September 17

The euro area is to release revised inflation data.

The U.S. is to produce data manufacturing activity in the New York region.

Tuesday, September 18

The Reserve Bank of Australia is to publish the minutes of its latest policy setting meeting.

European Central Bank President Mario Draghi is to speak at an event in Paris.

Canada is to publish figures on manufacturing sales.

Wednesday, September 19

The Bank of Japan is to announce its benchmark interest rate and publish what will be a closely watched rate statement. The announcement is to be followed by a press conference.

The UK is to release inflation data.

The U.S. is to release reports on building permits and housing starts.

ECB President Draghi is to speak at an event in Berlin.

Thursday, September 20

New Zealand is to publish second-quarter growth data.

The Swiss National Bank is to announce its benchmark interest rate decision.

The UK is to report on retail sales.

The U.S. is to release reports on jobless claims, manufacturing activity in the Philadelphia region and existing home sales.

Friday, September 21

The euro zone is to release data on manufacturing and service sector activity.

The UK is to report on public sector borrowing figures.

Canada is to round up the week with data on retail sales and inflation.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5N005_M.jpg © Reuters.

Peru stocks lower at close of trade; S&P Lima General down 0.15%

– Peru stocks were lower after the close on Friday, as losses in the Mining, Food&Beverages and Non-Metal Minerals sectors led shares lower.

At the close in Lima, the S&P Lima General declined 0.15%.

The best performers of the session on the S&P Lima General were Panoro (LM:PML), which rose 1.87% or 0.003 points to trade at 0.163 at the close. Meanwhile, Casa Grande (LM:CSG) added 1.39% or 0.050 points to end at 3.650 and Relapasa (LM:REL) was up 1.24% or 0.002 points to 0.164 in late trade.

The worst performers of the session were Compania Minera Milpo SAA Class I (LM:MILi), which fell 3.85% or 0.080 points to trade at 2.000 at the close. Austral Group SAA (LM:AUG) declined 3.20% or 0.040 points to end at 1.210 and Volcan Minera (LM:VOL_pb) was down 2.60% or 0.020 points to 0.750.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 12 to 7 and 13 ended unchanged.

Crude oil for October delivery was up 0.60% or 0.41 to $69.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.09% or 0.07 to hit $78.11 a barrel, while the December Gold Futures contract fell 0.82% or 9.90 to trade at $1198.30 a troy ounce.

USD/PEN was down 0.11% to 3.3115, while EUR/PEN fell 0.59% to 3.8572.

The US Dollar Index Futures was up 0.47% at 94.97.

]]> https://i-invdn-com.akamaized.net/news/Lima_Stock_Exchange_M_1440056417.jpg

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.03%

– U.S. stocks were mixed after the close on Friday, as gains in the Oil&Gas, Industrials and Financials sectors led shares higher while losses in the Utilities, Telecoms and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average gained 0.03% to hit a new 6-months high, while the S&P 500 index climbed 0.03%, and the NASDAQ Composite index fell 0.05%.

The best performers of the session on the Dow Jones Industrial Average were United Technologies Corporation (NYSE:UTX), which rose 1.68% or 2.28 points to trade at 137.80 at the close. Meanwhile, Boeing Co (NYSE:BA) added 1.22% or 4.34 points to end at 359.80 and Chevron Corp (NYSE:CVX) was up 0.93% or 1.08 points to 117.38 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 1.27% or 1.41 points to trade at 109.26 at the close. Apple Inc (NASDAQ:AAPL) declined 1.14% or 2.57 points to end at 223.84 and McDonald’s Corporation (NYSE:MCD) was down 0.96% or 1.56 points to 160.84.

The top performers on the S&P 500 were Advanced Micro Devices Inc (NASDAQ:AMD) which rose 7.35% to 32.720, L Brands Inc (NYSE:LB) which was up 5.58% to settle at 28.97 and Principal Financial Group Inc (NASDAQ:PFG) which gained 3.83% to close at 56.94.

The worst performers were NiSource Inc (NYSE:NI) which was down 11.72% to 24.79 in late trade, Under Armour Inc A (NYSE:UAA) which lost 3.56% to settle at 18.96 and Under Armour Inc C (NYSE:UA) which was down 3.32% to 17.740 at the close.

The top performers on the NASDAQ Composite were My Size Inc (NASDAQ:MYSZ) which rose 28.57% to 1.35, Champions Oncology Inc (NASDAQ:CSBR) which was up 24.76% to settle at 10.5800 and Kandi Technologies Group Inc (NASDAQ:KNDI) which gained 23.38% to close at 4.750.

The worst performers were Altimmune Inc (NASDAQ:ALT) which was down 27.34% to 5.450 in late trade, Vital Thera (NASDAQ:VTL) which lost 29.75% to settle at 0.35 and Agile Thrpe (NASDAQ:AGRX) which was down 25.36% to 0.36 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1514 to 1507 and 141 ended unchanged; on the Nasdaq Stock Exchange, 1341 rose and 1217 declined, while 156 ended unchanged.

Shares in Advanced Micro Devices Inc (NASDAQ:AMD) rose to 5-year highs; up 7.35% or 2.240 to 32.720. Shares in Champions Oncology Inc (NASDAQ:CSBR) rose to 3-years highs; rising 24.76% or 2.1000 to 10.5800. Shares in Vital Thera (NASDAQ:VTL) fell to all time lows; losing 29.75% or 0.15 to 0.35.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.18% to 12.10.

Gold Futures for December delivery was down 0.76% or 9.20 to $1199.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.48% or 0.33 to hit $68.92 a barrel, while the November Brent oil contract fell 0.13% or 0.10 to trade at $78.08 a barrel.

EUR/USD was down 0.54% to 1.1627, while USD/JPY rose 0.06% to 111.99.

The US Dollar Index Futures was up 0.42% at 94.93.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB3M12Q_M.jpg © Reuters.

Canada stocks lower at close of trade; S&P/TSX Composite down 0.05%

– Canada stocks were lower after the close on Friday, as losses in the Consumer Staples, Materials and Energy sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 0.05% to hit a new 3-months low.

The best performers of the session on the S&P/TSX Composite were Aphria Inc (TO:APH), which rose 13.01% or 2.250 points to trade at 19.550 at the close. Meanwhile, Canopy Growth Corp (TO:WEED) added 7.33% or 4.200 points to end at 61.480 and Stars Group Inc (TO:TSGI) was up 7.18% or 2.19 points to 32.69 in late trade.

The worst performers of the session were Alacer Gold Corp (TO:ASR), which fell 4.46% or 0.100 points to trade at 2.140 at the close. Interfor Corp (TO:IFP) declined 4.17% or 0.96 points to end at 22.04 and Guyana Goldfields Inc . (TO:GUY) was down 4.14% or 0.130 points to 3.010.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 569 to 491 and 142 ended unchanged.

Shares in Guyana Goldfields Inc. (TO:GUY) fell to 52-week lows; falling 4.14% or 0.130 to 3.010.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 8.13% to 13.33.

Gold Futures for December delivery was down 0.75% or 9.10 to $1199.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.51% or 0.35 to hit $68.94 a barrel, while the November Brent oil contract fell 0.13% or 0.10 to trade at $78.08 a barrel.

CAD/USD was down 0.25% to 0.7672, while CAD/EUR rose 0.26% to 0.6598.

The US Dollar Index Futures was up 0.42% at 94.93.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEBAG0BO_M.jpg © Reuters.

Colombia stocks lower at close of trade; COLCAP down 0.21%

– Colombia stocks were lower after the close on Friday, as losses in the Investment, Agriculture and Services sectors led shares lower.

At the close in Colombia, the COLCAP fell 0.21%.

The best performers of the session on the COLCAP were Etb (CN:ETB), which rose 5.12% or 17.0 points to trade at 349.0 at the close. Meanwhile, Avianca Holdings Pf (CN:AVT_p) added 3.90% or 80.0 points to end at 2130.0 and Bcolombia (CN:BIC) was up 3.05% or 940.0 points to 31800.0 in late trade.

The worst performers of the session were Conconcret (CN:CIC), which fell 4.72% or 17.0 points to trade at 343.0 at the close. Corporacion Financiera Colombiana SA (CN:CFV) declined 3.46% or 820.0 points to end at 22900.0 and Canacol Energy Ltd (CN:CNE) was down 2.51% or 240.0 points to 9340.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 22 to 8 and 2 ended unchanged.

Shares in Conconcret (CN:CIC) fell to 5-year lows; down 4.72% or 17.0 to 343.0. Shares in Corporacion Financiera Colombiana SA (CN:CFV) fell to 5-year lows; falling 3.46% or 820.0 to 22900.0.

US coffee C for December delivery was down 0.80% or 0.80 to $99.80 . Elsewhere in commodities trading, US cocoa for delivery in December fell 4.02% or 93.00 to hit $2222.00 , while the December Gold Futures contract fell 0.75% or 9.10 to trade at $1199.10 a troy ounce.

USD/COP was up 0.03% to 3024.50, while BRL/COP rose 0.80% to 726.29.

The US Dollar Index Futures was up 0.43% at 94.94.

]]> https://i-invdn-com.akamaized.net/news/Colombian_Securities_Exchange_M_1440056298.jpg

Top 5 Things That Moved Markets This Past Week

- Top 5 things that rocked U.S. markets this week:

1. Trade's Zig-Zags End With Pessimism About Deals

Many investors may be inclined to dismiss yet another headline on global trade and focus on the more granular aspect of the markets. But make no mistake, the markets were gyrating with the twists in the saga between the U.S. and its trading partners.

The latest salvo came Friday, when Bloomberg reported that Trump instructed aides the day before to proceed with tariffs on about $200 billion more in Chinese products, but that the announcement has been delayed as the administration considers revisions based on concerns raised in public comments.

Earlier in the week, China had welcomed an invitation by the United States to hold a new round of trade talks.

The Trump administration had invited Chinese officials to restart trade talks, the White House's top economic adviser said Wednesday.

In addition to those tariffs, Trump has said he’s ready to add an additional $267 billion in tariffs “on short notice if I want.”

Earlier in the week, Beijing indicated it will ask the World Trade Organization for permission to impose sanctions on the U.S. as part of a dispute over U.S. dumping duties that China started in 2013.

And there’s still the revamp of NAFTA to consider. The U.S. and Canada have been in talks to bring Canada into a new agreement between the U.S. and Mexico, but there have been on announcements to far.

Talks are expected to continue through Monday.

2. Apple Announces New iPhones

Apple got the type of promotional attention some companies can only dream of when the eyes of tech lovers and investors alike were glued to its keynote event for details on its new products, especially phones.

Apple announced Wednesday its new iPhone product line includes: the iPhone XR starting at $749, iPhone Xs starting at $999 and iPhone Xs Max starting at $1,099. Apple's price points for both the iPhone Xs and iPhone Xs matched Wall Street's estimates. The cheaper iPhone XR was priced lower than the $849 analysts had expected.

Shares of Apple rose the day before the event in anticipation of the kind of surprise announcement for which former CEO Steve Jobs was famous.

The stock sold off as details about the new iPhones arrived and shares ended the day lower. But shares bounced back on Thursday, leading the overall tech sector higher, despite negative analyst commentary about the price of the iPhone XR.

The event also had ancillary effects on other tech stocks, including Netflix (NASDAQ:NFLX), which jumped as Apple failed to announce a further foray into video streaming or content development.

Apple shares (NASDAQ:AAPL) ended the week slightly higher.

3. Inflation Comes in Tame for August

Bucking the recent trend that’s made investors nervous about price pressure, the latest data showed inflation cooling.

First, figures showed wholesale prices fell unexpectedly.

Producer price index decreased 0.1% last month. In the 12 months through August, the PPI rose 2.8%. Economists had forecast the PPI rising 0.2% last month and increasing 3.2% from a year ago.

The core PPI decreased by 0.1% from a month earlier and rose 2.3% in the 12 months through August. Analysts had predicted core PPI to increase 0.2% month on month and 2.7% on an annualized basis.

Next, retail inflation rose less than anticipated.

The consumer price index advanced 0.2%, missing expectations for a gain of 0.3%. In the 12 months through July, the CPI increased 2.7%, below forecasts for a reading of 2.8% and down from 2.9% in July.

The core CPI increased by 0.1% from a month earlier, below forecasts for a gain of 0.2%. The annual increase in the so-called core CPI was 2.2%. Economists were looking for it to hold steady at July’s 2.4% advance.

But despite these softer inflation numbers, traders ended the week still predicting a more-than-80% chance of the Federal Reserve hiking rates at its December meeting on top of the expected boost this month.

4. Retail Revisions Boost GDP Confidence

Bond yields rose sharply this week, owing to confidence that the Federal Reserve will lift rates for a total four times this year.

The rise was particularly strong Friday, when the United States 10-Year yield topped 3% briefly.

A big reason for that was Friday’s retail sales numbers.

The August retail sales numbers were disappointing at first blush, rising 0.1%, compared with expectations for 0.4%. But July’s gain was revised up to 0.7% from 0.5%.

That revision gave market watchers some more confidence that the U.S. could see GDP growth of 4% in the third quarter, which would all but guarantee another rise in rates in December.

5. Cannabis Stock Momentum Continues, but With Wild Swings

Cannabis stocks were very active again, reacting not just to the tremendous momentum in the shares, but some market-moving news.

Tilray (NASDAQ:TLRY) was the recent darling until Friday. The stock finally sold off sharply on the last day of the week following a rally that has seen its shares up more than 300% since its July IPO.

Money rotated out of Tilray on a report that Canadian investors in marijuana stocks could face a lifetime travel ban to the U.S.

Canopy Growth (NYSE:CGC) saw some buying activity after falling out of favor.

But there is consternation in a sector that has seen such a big run-up as investors look at fundamentals.

“You might argue our valuations are a little bit ahead of our skis,” Paul Rosen, chief executive officer of Tidal Royalty, which finances weed companies, told Bloomberg Wednesday.

Concerns about a U.S. Food and Drug Administration crackdown on vaping has also raised questions about what it means for the sector.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA6U0J8_M.jpg © Reuters.

Crude Oil Prices Settle Higher Despite Signs of Expanding U.S. Output

- WTI crude oil prices settled higher Friday, as signs of expanding U.S. output were offset by ongoing bets on steep losses of Iranian crude as U.S. sanctions loom.

On the New York Mercantile Exchange, crude futures for October delivery rose 0.58% to settle at $68.99 a barrel, while on London's Intercontinental Exchange, Brent fell 0.17% to trade at $78.05 a barrel.

Oilfield services firm Baker Hughes reported on Friday that the number of U.S. oil drilling rigs in operation rose by 7 to 867 this week.

The rise in rig counts, pointing to signs of expanding crude output, dented investor optimism for a continued drop in production, which fell to 10.9 million barrels a day last week.

Oil prices also continued to enjoy a boost from expectations for tighter global supplies amid signs of falling demand for Iranian crude ahead of U.S. sanctions.

India, Iran's second-biggest oil customer, reportedly will cut its monthly loadings from Iran for September and October by nearly half from earlier this year.

President Donald Trump pulled the United States out of the Iran nuclear agreement in May, allowing sanctions against Iran to snap back into place. The first wave of sanctions went into effect last month and a second set of sanctions on Iran's crude exports are slated for early November.

The weekly rise in oil prices was further supported by positive data showing crude stockpiles fell to a three-and-a-half year low, renewing investor bets on a global supply shortage, which would boost oil prices.

Inventories of U.S. crude fell by 5.296 million barrels for the week ended Sept. 7, beating expectations for a draw of 1.300 million barrels, according to data from the Energy Information Administration (EIA).

The large draw in crude supplies comes as imports fell by about 0.443 million barrels per day (bpd), while exports declined by 0.320 million bpd, data from EIA showed.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEAAO0V4_M.jpg © Reuters.

Metal Prices Fall on Fresh U.S.-China Trade-War Fears

- Copper prices fell on Friday as reports suggesting President Donald Trump was ready to impose tariffs on China raised concerns about demand for metals.

Copper prices fell 1.83% to $2.63.

Trump instructed aides on Thursday to proceed with tariffs on about $200 billion more in Chinese products, but the announcement has been delayed as the administration considers revisions based on concerns raised in public comments, Bloomberg reported, citing sources.

The prospect of further trade penalties on China, the world's largest metals consumer, stoked fears that Beijing could rein in spending as its monthslong trade fight with Washington has exacerbated vulnerabilities in the Chinese economy.

China’s fixed-asset investment growth hit a record low, slowing to 5.3% in the first eight months of the year, below economists' forecasts, government data showed on Friday.

Metals were also held back by an uptick in the greenback on renewed trade concerns and rising optimism about U.S. economic strength following upward revisions to July's retail sales data.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose 0.47% to 94.97.

Nickel futures fell 1.49% to 12,412.50, zinc prices lost 1.87% to 2,309.75 and aluminum prices fell 0.76% to 2,036.75.

Silver futures fell on 0.80% to $14.13 a troy ounce, while platinum futures lost 0.73% to $797.40.

Gold prices, meanwhile, were also pressured by rising U.S. bond yields.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $8.80, or 0.73%, to $1,199.40 troy ounce.

Gold is sensitive to moves higher in both bond yields and the U.S. dollar. A stronger dollar makes gold more expensive for holders of foreign currency, while a rise in U.S. rates lifts the opportunity cost of holding gold as it pays no interest.

]]> https://i-invdn-com.akamaized.net/news/copper3_M_1440050118.jpg

Morocco stocks lower at close of trade; Moroccan All Shares down 0.43%

– Morocco stocks were lower after the close on Friday, as losses in the Forestry&Paper, Distributors and Utilities sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.43%.

The best performers of the session on the Moroccan All Shares were Snep (CS:SNP), which rose 7.30% or 36.00 points to trade at 529.00 at the close. Meanwhile, SMI (CS:SMI) added 5.97% or 100 points to end at 1776 and Total Maroc SA (CS:TMA) was up 5.17% or 59.0 points to 1200.0 in late trade.

The worst performers of the session were Atlanta (CS:ATL), which fell 5.97% or 4.00 points to trade at 63.00 at the close. Med Paper (CS:PAP) declined 5.84% or 1.25 points to end at 20.15 and Label Vie (CS:LBV) was down 5.41% or 110 points to 1925.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 22 to 14 and 6 ended unchanged.

Crude oil for October delivery was up 0.48% or 0.33 to $68.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.03% or 0.02 to hit $78.16 a barrel, while the December Gold Futures contract fell 0.65% or 7.90 to trade at $1200.30 a troy ounce.

EUR/MAD was down 0.11% to 10.9540, while USD/MAD rose 0.35% to 9.4150.

The US Dollar Index Futures was up 0.40% at 94.91.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB280W7_M.jpg © Reuters.

Portugal stocks lower at close of trade; PSI 20 down 0.56%

– Portugal stocks were lower after the close on Friday, as losses in the Basic Materials, Utilities and Financials sectors led shares lower.

At the close in Lisbon, the PSI 20 declined 0.56%.

The best performers of the session on the PSI 20 were J. Martins SGPS (LS:JMT), which rose 0.94% or 0.1200 points to trade at 12.8900 at the close. Meanwhile, Altri SGPS (LS:ALSS) added 0.37% or 0.0300 points to end at 8.0500 and Corticeira Amorim (LS:CORA) was up 0.36% or 0.040 points to 11.220 in late trade.

The worst performers of the session were Ramada Investimentos e Industria SA (LS:RAMA), which fell 3.50% or 0.350 points to trade at 9.650 at the close. Semapa (LS:SEM) declined 2.34% or 0.4200 points to end at 17.5200 and Sonae Capital (LS:SONAC) was down 2.32% or 0.0190 points to 0.8010.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 20 to 14 and 4 ended unchanged.

Brent oil for November delivery was up 0.13% or 0.10 to $78.28 a barrel. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.71% or 0.49 to hit $69.08 a barrel, while the December Gold Futures contract fell 0.81% or 9.80 to trade at $1198.40 a troy ounce.

EUR/USD was down 0.48% to 1.1634, while EUR/GBP fell 0.20% to 0.8901.

The US Dollar Index Futures was up 0.41% at 94.92.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB2J0XY_M.jpg © Reuters.

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.11%

– Italy stocks were higher after the close on Friday, as gains in the Technology, Travel&Leisure and Financials sectors led shares higher.

At the close in Milan, the Italy 40 gained 0.11%.

The best performers of the session on the Italy 40 were Saipem SpA (MI:SPMI), which rose 3.48% or 0.1570 points to trade at 4.6700 at the close. Meanwhile, STMicroelectronics (MI:STM) added 1.86% or 0.290 points to end at 15.895 and Moncler SpA (MI:MONC) was up 1.85% or 0.69 points to 37.95 in late trade.

The worst performers of the session were Recordati (MI:RECI), which fell 2.06% or 0.63 points to trade at 29.97 at the close. Telecom Italia (MI:TLIT) declined 0.90% or 0.0048 points to end at 0.5286 and Atlantia (MI:ATL) was down 0.53% or 0.10 points to 17.82.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 189 to 163 and 38 ended unchanged.

Crude oil for October delivery was up 0.71% or 0.49 to $69.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.12% or 0.09 to hit $78.27 a barrel, while the December Gold Futures contract fell 0.71% or 8.60 to trade at $1199.60 a troy ounce.

EUR/USD was down 0.49% to 1.1633, while EUR/GBP fell 0.21% to 0.8900.

The US Dollar Index Futures was up 0.41% at 94.92.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEB970IW_M.jpg © Reuters.

France stocks higher at close of trade; CAC 40 up 0.46%

– France stocks were higher after the close on Friday, as gains in the Basic Materials, Technology and Oil&Gas sectors led shares higher.

At the close in Paris, the CAC 40 rose 0.46%, while the SBF 120 index gained 0.46%.

The best performers of the session on the CAC 40 were Valeo SA (PA:VLOF), which rose 4.62% or 1.65 points to trade at 37.35 at the close. Meanwhile, Renault SA (PA:RENA) added 2.86% or 2.05 points to end at 73.73 and Sodexo (PA:EXHO) was up 2.05% or 1.84 points to 91.78 in late trade.

The worst performers of the session were Vivendi SA (PA:VIV), which fell 1.55% or 0.34 points to trade at 21.55 at the close. Veolia Environnement VE SA (PA:VIE) declined 1.23% or 0.220 points to end at 17.605 and L’Oreal SA (PA:OREP) was down 0.74% or 1.50 points to 201.90.

The top performers on the SBF 120 were Casino Guichard (PA:CASP) which rose 6.82% to 32.89, Maisons du Monde SAS (PA:MDM) which was up 5.09% to settle at 25.200 and Valeo SA (PA:VLOF) which gained 4.62% to close at 37.35.

The worst performers were CGG SA (PA:GEPH) which was down 3.35% to 2.250 in late trade, Groupe FNAC (PA:FNAC) which lost 2.21% to settle at 68.450 and Ipsen (PA:IPN) which was down 1.85% to 148.70 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 321 to 252 and 91 ended unchanged.

Shares in Veolia Environnement VE SA (PA:VIE) fell to 52-week lows; down 1.23% or 0.220 to 17.605. Shares in Groupe FNAC (PA:FNAC) fell to 52-week lows; down 2.21% or 1.550 to 68.450.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 5.47% to 12.74.

Gold Futures for December delivery was down 0.71% or 8.60 to $1199.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.71% or 0.49 to hit $69.08 a barrel, while the November Brent oil contract rose 0.13% or 0.10 to trade at $78.28 a barrel.

EUR/USD was down 0.47% to 1.1635, while EUR/GBP fell 0.21% to 0.8900.

The US Dollar Index Futures was up 0.40% at 94.91.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA7D09D_M.jpg © Reuters.

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.66%

– Denmark stocks were lower after the close on Friday, as losses in the Industrials, Chemicals and Healthcare sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.66% to hit a new 1-month low.

The best performers of the session on the OMX Copenhagen 20 were FLSmidth&Co. (CO:FLS), which rose 1.54% or 5.8 points to trade at 383.0 at the close. Meanwhile, Genmab (CO:GEN) added 1.07% or 11.5 points to end at 1090.5 and Lundbeck A/S (CO:LUN) was up 1.03% or 4.1 points to 402.3 in late trade.

The worst performers of the session were Ambu A/S (CO:AMBUb), which fell 3.96% or 7.5 points to trade at 182.0 at the close. DSV (CO:DSV) declined 1.57% or 9.4 points to end at 589.6 and AP Moeller - Maersk A/S B (CO:MAERSKb) was down 1.49% or 134 points to 8888.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 61 to 61 and 14 ended unchanged.

Crude oil for October delivery was up 0.83% or 0.57 to $69.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.17% or 0.13 to hit $78.31 a barrel, while the December Gold Futures contract fell 0.70% or 8.40 to trade at $1199.80 a troy ounce.

USD/DKK was up 0.49% to 6.4124, while EUR/DKK rose 0.01% to 7.4603.

The US Dollar Index Futures was up 0.40% at 94.91.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC0E0NI_M.jpg © Reuters.

Finland stocks higher at close of trade; OMX Helsinki 25 up 0.88%

– Finland stocks were higher after the close on Friday, as gains in the Consumer Services, Basic Materials and Industrials sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 gained 0.88%.

The best performers of the session on the OMX Helsinki 25 were DNA Oyj (HE:DNAO), which rose 2.59% or 0.4800 points to trade at 19.0000 at the close. Meanwhile, Valmt (HE:VALMT) added 2.32% or 0.42 points to end at 18.50 and Konecranes ABP (HE:KCRA) was up 2.03% or 0.64 points to 32.13 in late trade.

The worst performers of the session were Cargotec Oyj (HE:CGCBV), which fell 0.36% or 0.14 points to trade at 38.32 at the close. Amer Sports Corporation (HE:AMEAS) declined 0.03% or 0.01 points to end at 34.39 and Elisa Oyj (HE:ELISA) was up 0.14% or 0.05 points to 35.95.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 96 to 42 and 22 ended unchanged.

Brent oil for November delivery was up 0.19% or 0.15 to $78.33 a barrel. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.83% or 0.57 to hit $69.16 a barrel, while the December Gold Futures contract fell 0.65% or 7.90 to trade at $1200.30 a troy ounce.

EUR/USD was down 0.47% to 1.1635, while EUR/GBP fell 0.20% to 0.8901.

The US Dollar Index Futures was up 0.40% at 94.91.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEB3R08Z_M.jpg © Reuters.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.30%

– U.K. stocks were higher after the close on Friday, as gains in the Industrial Metals&Mining, Forestry&Paper and Aerospace&Defense sectors led shares higher.

At the close in London, the United Kingdom 100 gained 0.30%.

The best performers of the session on the United Kingdom 100 were Tui AG (LON:TUIT), which rose 3.81% or 50.50 points to trade at 1377.00 at the close. Meanwhile, Burberry Group PLC (LON:BRBY) added 3.36% or 70.00 points to end at 2153.00 and Rolls-Royce Holdings PLC (LON:RR) was up 2.74% or 26.20 points to 981.20 in late trade.

The worst performers of the session were SSE PLC (LON:SSE), which fell 3.21% or 36.00 points to trade at 1084.00 at the close. Informa Plc (LON:INF) declined 2.13% or 16.00 points to end at 734.60 and Severn Trent PLC (LON:SVT) was down 1.49% or 28.50 points to 1884.00.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1139 to 832 and 344 ended unchanged.

Shares in SSE PLC (LON:SSE) fell to 5-year lows; losing 3.21% or 36.00 to 1084.00.

Gold Futures for December delivery was down 0.66% or 8.00 to $1200.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.01% or 0.69 to hit $69.28 a barrel, while the November Brent oil contract rose 0.37% or 0.29 to trade at $78.47 a barrel.

GBP/USD was down 0.22% to 1.3079, while EUR/GBP fell 0.16% to 0.8905.

The US Dollar Index Futures was up 0.33% at 94.84.

]]> https://i-invdn-com.akamaized.net/news/LYNXMPEA5I0BU_M.jpg © Reuters.

Turkey stocks higher at close of trade; BIST 100 up 0.36%

– Turkey stocks were higher after the close on Friday, as gains in the Banking, Sports and Financials sectors led shares higher.

At the close in Istanbul, the BIST 100 added 0.36% to hit a new 1-month high.

The best performers of the session on the BIST 100 were Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI), which rose 7.72% or 2.30 points to trade at 32.10 at the close. Meanwhile, Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret AS (IS:TSPOR) added 6.87% or 0.090 points to end at 1.400 and Arcelik AS (IS:ARCLK) was up 5.43% or 0.70 points to 13.60 in late trade.

The worst performers of the session were Hurriyet Gazetecilik ve Matbaacilik AS (IS:HURGZ), which fell 5.71% or 0.060 points to trade at 0.990 at the close. Turkiye Sise ve Cam Fabrikalari AS (IS:SISE) declined 3.65% or 0.220 points to end at 5.810 and Ford Otomotiv Sanayi AS (IS:FROTO) was down 3.24% or 2.05 points to 61.25.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 203 to 148 and 57 ended unchanged.

Shares in Hurriyet Gazetecilik ve Matbaacilik AS (IS:HURGZ) fell to 52-week lows; falling 5.71% or 0.060 to 0.990.

Gold Futures for December delivery was down 0.69% or 8.30 to $1199.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.99% or 0.68 to hit $69.27 a barrel, while the November Brent oil contract rose 0.36% or 0.28 to trade at $78.46 a barrel.

USD/TRY was up 1.34% to 6.1631, while EUR/TRY rose 0.85% to 7.1833.

The US Dollar Index Futures was up 0.31% at 94.82.

]]> https://i-invdn-com.akamaized.net/news/Istanbul_Stock_Exchange_M_1440056250.jpg

Gold Prices Fall as U.S. Dollar Rallies

- Gold prices were lower on Friday after the greenback rallied from an earlier loss.

Comex gold futures for December delivery decreased 0.51% to $1,202.00 a troy ounce as of 11:21 AM ET (15:21 GMT).

Disappointing data on Thursday and Friday increased concern that the Federal Reserve could ease its stance on monetary policy. U.S. retail sales barely registered any gains in August, while consumer prices rose less than expected.

Still, investors are expecting the Fed to raise rates at its policy meeting next week while chances of an increase in December were at 84.2%.

Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.28% to 94.79.

Gold usually falls as the dollar rises, as it is denominated in the U.S. currency and is sensitive to moves in the dollar. Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls.

Trade tensions remained, as talks over a revised North American Free Trade Agreement (NAFTA) with Canada also made little progress. The Minister of Foreign Affairs of Canada said she would continue talks until at least Monday. Meanwhile, trade talk efforts between the U.S. and China cooled after U.S. President Donald Trump tweeted that the country “was under no pressure to make a deal with China.”

Other metals were mostly down on the Comex, with silver futures falling 0.48% to $14.175 a troy ounce. Among other precious metals, platinum futures inched down 0.17% to $801.90, while palladium futures increased 0.66% to $9725.10 an ounce. Copper futures lost 0.34% to $2.674 a pound.

]]> https://i-invdn-com.akamaized.net/news/LYNXNPEC920S1_M.jpg © Reuters.

Need Help? Contact KeyStock Support

 

KeyStock's friendly customer support team are always available to help you whatever the hour.

Contact