Register Now And Get A Free Introduction Lesson

Try us Without Risk


You take the profits,
We cover possible losses,
On your first 5 trades.



Register for No-Loss Guarantee

HOT OPPORTUNITIES

Check how much you could earn on

Enter your investment Amount
Please enter an amount between 50 and 5000
Back
 
Asset
Action
Sell
Amount
$200
Leverage
1:200
Profit
$1,280
Register for full explanation
 

Courses for all skill levels

For beginners

Courses for beginners without previous experience.

Sign Up

For professionals

Take your trading to the next level with our advanced courses.

Sign Up

See what others are trading

Find out what’s hot, and what’s not.

Here you can see what other traders are thinking and investing. This great tool can help you catch early trends in the markets and act accordingly.
Will you follow the trend or go in the opposite direction?

 
 
 

Market Updates

Aussie holds weaker as RBA keeps steady at 1.50% as expected

Investing.com - The Aussie held weaker in Asia on Monday despite a narrower than seen current account deficit as the Reserve Bank of Australia held steady as expected at a record low 1.50% cash rate, while signalling concern over the Aussie's strength.

AUD/USD traded down 0.23% to 0.7455, while USD/JPY changed hands at 113.66, down 0.18%.

In Japan, average cash earnings rose 0.1%, less than the 0.2% gain seen year-on-year. Australia reported the third quarter current account deficit came in at A$11.4 billion, narrower than the A$13.7 billion gap expected.

The yuan rose sharply against the dollar Tuesday after the People's Bank of China set a much stronger fixing -- the largest percentage gain in the fixing in six months -- following the decline in the US dollar index
overnight.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.02% to 100.18.

Overnight, the Canadian dollar was trading close to six-week highs against its U.S. counterpart on Monday as sustained strength in oil prices and a solid domestic employment report supported the loonie.

Data on Friday showing that the Canadian economy added jobs for the fourth straight month in November reinforced expectations that the Bank of Canada will keep interest rates on hold at its meeting this week. Statistics Canada reported that the economy added 10,700 jobs last month and the unemployment rate fell to a five-month low of 6.8%.

In October, the bank kept rates on hold, but said that it had actively considered cutting for the third time in two years.

Higher oil prices also underpinned demand for the loonie as U.S. crude oil and Brent continued to build on last week’s strong gains on Monday.

The Organization of the Petroleum Exporting Countries last Wednesday reached an agreement on output cuts, which are hoped will reduce massive oversupply, triggering a rally in oil, one of Canada’s major exports.

The U.S. economy added 178,000 jobs in November from the prior month, while the unemployment rate dropped to a nine-year low of 4.6%, the Labor Department said.

Read More

Reserve Bank of Australia holds steady at 1.50%, notes stronger Aussie

Investing.com - The Reserve Bank of Australia held its benchmark cash rate at a record low 1.50% as expected on Tuesday, while noting a stronger Aussie could complicate efforts to rebalance the economy.

For the full-text statement, see:

Statement by Philip Lowe, Governor:
Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year. Economic conditions in China have steadied, supported by growth in infrastructure and property construction, although medium-term risks to growth remain. Inflation remains below most central banks’ targets, although headline inflation rates have increased recently. Globally, the outlook for inflation is more balanced than it has been for some time.

Commodity prices have risen over the course of this year, reflecting both stronger demand and cut-backs in supply in some countries. The higher commodity prices have supported a rise in Australia’s terms of trade, although they remain much lower than they have been in recent years. The higher prices are providing a boost to national income.

Financial markets are functioning effectively. Government bond yields have risen further with the adjustment having been orderly. Funding costs for some borrowers have also risen, but remain low. Globally, monetary policy remains remarkably accommodative.

In Australia, the economy is continuing its transition following the mining investment boom. Some slowing in the year-ended growth rate is likely, before it picks up again. Further increases in exports of resources are expected as completed projects come on line. The outlook for business investment remains subdued, although measures of business sentiment remain above average.

Labour market indicators continue to be somewhat mixed. The unemployment rate has declined this year, although some measures of labour underutilisation are little changed. There continues to be considerable variation in employment outcomes across the country. Part-time employment has been growing strongly, but employment growth overall has slowed. The forward-looking indicators point to continued expansion in employment in the near term. Inflation remains quite low. The continuing subdued growth in labour costs means that inflation is expected to remain low for some time, before returning to more normal levels.

Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are assisting the economy to make the necessary adjustments, though an appreciating exchange rate could complicate this.

Conditions in the housing market have strengthened overall, although they vary considerably around the country. In some markets, prices are rising briskly, while in others they are declining. Housing credit has picked up a little, although turnover of established dwellings is lower than it was a year ago. Supervisory measures have strengthened lending standards and some lenders are taking a more cautious attitude to lending in certain segments. Considerable supply of apartments is scheduled to come on stream over the next couple of years, particularly in the eastern capital cities. Growth in rents is the slowest for some decades.

Taking account of the available information, and having eased monetary policy earlier in the year, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

Read More

Philippines CPI 0.6%

Consumer price inflation in the Philippines rose in the last quarter, official data showed on Tuesday.

In a report, Bangko Sentral ng Pilipinas said that Philippines CPI rose to a seasonally adjusted annual rate of 0.6%, from 0.2% in the preceding quarter.

Analysts had expected Philippines CPI to in the last quarter.
Read More

NYMEX crude falls in Asia as U.S. industry supply data ahead

Investing.com - Crude oil prices fell in Asia on Tuesday with U.S. industry inventory estimates ahead expected to set the tone.

The American Petroleum Institute will release its estimates of crude oil and refined product stocks last week later on Tuesday. On Wednesday, more closely-watched official figures from the U.S. Department of Energy are due.

U.S. crude for January delivery dropped 0.98% to $51.28 a barrel on the New York Mercantile Exchange (NYMEX).

Overnight, oil prices reached a new, one-year high by mid-day on Monday, as last week’s rally from the Organization of Petroleum Exporting Countries (OPEC) agreement to cut production continued.

Brent crude, the global oil price benchmark traded on London's Intercontinental Exhcange, was last quoted at $54.22 a barrel.

However, investors are cautious that all 14 members of OPEC will adhere to the production curbs.

Read More

Aussie flat as RBA policy review expected to hold steady

Investing.com - The Aussie was last quoted flat against the dollar in early Asia on Monday as the Reserve Bank of Australia releases its last review of policy this year and is expected to keep its benchmark cash rate stable at a record low 1.50%.

AUD/USD traded down 0.01% to 0.7471, while USD/JPY changed hands at 113.84, down 0.02%.

Ahead in Japan, average cash earnings are due with a 0.2% gain seen year-on-year. Later in Australia, the third quarter current account deficit is seen at A$13.7 billion.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 100.16.

Overnight, the Canadian dollar was trading close to six-week highs against its U.S. counterpart on Monday as sustained strength in oil prices and a solid domestic employment report supported the loonie.

Data on Friday showing that the Canadian economy added jobs for the fourth straight month in November reinforced expectations that the Bank of Canada will keep interest rates on hold at its meeting this week. Statistics Canada reported that the economy added 10,700 jobs last month and the unemployment rate fell to a five-month low of 6.8%.

In October, the bank kept rates on hold, but said that it had actively considered cutting for the third time in two years.

Higher oil prices also underpinned demand for the loonie as U.S. crude oil and Brent continued to build on last week’s strong gains on Monday.

The Organization of the Petroleum Exporting Countries last Wednesday reached an agreement on output cuts, which are hoped will reduce massive oversupply, triggering a rally in oil, one of Canada’s major exports.

The U.S. economy added 178,000 jobs in November from the prior month, while the unemployment rate dropped to a nine-year low of 4.6%, the Labor Department said.

Read More

Canada stocks higher at close of trade; S&P/TSX Composite up 0.28%

Investing.com – Canada stocks were higher after the close on Monday, as gains in the Materials, Energy and Industrials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.28%.

The best performers of the session on the S&P/TSX Composite were HudBay Minerals Inc. (TO:HBM), which rose 6.17% or 0.56 points to trade at 9.63 at the close. Meanwhile, Ivanhoe Mines Ltd. (TO:IVN) added 6.17% or 0.140 points to end at 2.410 and First Quantum Minerals Ltd . (TO:FM) was up 5.76% or 0.85 points to 15.61 in late trade.

The worst performers of the session were Lucara Diamond Corp (TO:LUC), which fell 6.59% or 0.220 points to trade at 3.120 at the close. Intertain Group (TO:IT) declined 5.62% or 0.53 points to end at 8.90 and Sleep Country Canada Holdings Inc (TO:ZZZ) was down 3.22% or 0.92 points to 27.65.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 605 to 538 and 159 ended unchanged.

Shares in HudBay Minerals Inc. (TO:HBM) rose to 52-week highs; gaining 6.17% or 0.56 to 9.63.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 3.55% to 11.41.

Gold for February delivery was down 0.46% or 5.45 to $1172.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.22% or 0.63 to hit $51.05 a barrel, while the February Brent oil contract fell 0.37% or 0.20 to trade at $54.26 a barrel.

CAD/USD was up 0.09% to 0.7531, while CAD/EUR fell 0.75% to 0.7001.

The US Dollar Index was down 0.59% at 100.16.

Read More

Brazil stocks lower at close of trade; Bovespa down 0.80%

Investing.com – Brazil stocks were lower after the close on Monday, as losses in the Consumption, Financials and Electric Power sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 0.80%.

The best performers of the session on the Bovespa were Braskem SA (SA:BRKM5), which rose 5.28% or 1.61 points to trade at 32.10 at the close. Meanwhile, Smiles ON (SA:SMLE3) added 4.82% or 1.99 points to end at 43.28 and Bradespar SA (SA:BRAP4) was up 3.23% or 0.50 points to 16.00 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 3.83% or 0.37 points to trade at 9.28 at the close. Marfrig Alimentos SA (SA:MRFG3) declined 3.74% or 0.24 points to end at 6.17 and Petroleo Brasileiro SA (SA:PETR3) was down 3.38% or 0.63 points to 18.02.

Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 226 to 145 and 42 ended unchanged.

Shares in Braskem SA (SA:BRKM5) rose to all time highs; rising 5.28% or 1.61 to 32.10.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.95% to 39.89.

Gold for February delivery was down 0.45% or 5.35 to $1172.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.95% or 0.49 to hit $51.19 a barrel, while the March US coffee C contract fell 0.95% or 1.39 to trade at $144.43 .

USD/BRL was down 1.57% to 3.4230, while EUR/BRL fell 0.70% to 3.6835.

The US Dollar Index was down 0.61% at 100.14.

Read More

Trump plans to overturn Obama ban on Dakota oil pipeline

Investing.com - President-elect Donald Trump is continuing with his new industrial policy to save and retain U.S. jobs -- and it is still more than a month before he takes the oath of office in Washington D.C. Immediately after the Obama administration stopped the progress of a prominent midwestern oil pipeline, by refusing to issue a new permit for the rest of the route, a spokesman for Trump's transition team said the incoming administration supports completing the project.

“With regard to the Dakota Access Pipeline, that’s something that we support construction of and we’ll review the full situation when we’re in the White House and make the appropriate determination at that time,” said Jason Miller, a spokesman for the president-elect, in New York City, at Trump Tower.

Out-of-state environmental activists broke out into public cheers during a rally after the U.S. Department of the Army, staffed by President Obama's progressive team, said the department wouldn’t grant an easement required by Dallas-based Energy Transfer Partners LP (NYSE:ETP) to proceed through the Missouri River reservoir, the final 1,100-foot link yet to be built in the nearly 1,200-mile pipeline.

The Army statement said that alternate routes would be considered and a complete environmental study of the project should be conducted.

The statement Monday by the Trump transition team, however, demonstrated that decision would not hold any power after the new administration takes over in the coming weeks. The new oil pipeline is expected to generate 500,000 new barrels of oil per day.

Trump last week intervened in a threatened move overseas of a unit of United Technologies Corp. (NYSE:UTX). and in the weeks before that prevented Ford Motor Co . (NYSE:F) from shuttering a plant in Kentucky and moving 1,000 jobs to Mexico. The move caused hackles at the editorial page of The Wall Street Journal, by zealous free market intellectuals, but generated approval from the "average Joe" workers whose blue collar jobs were saved by the policy pronouncement.

The moves signal an industrial policy somewhat reminiscent of the Reagan era or the JFK era, when the U.S. goverment preached free trade, within American borders, and took an overall deregulatory approach. But was somewhat protectionist against foreign encroachments on U.S. markets which were not reciprocated by trading partners, and which harmed the "little guy," the American working man. Obama's policies have been viewed by market analysts as highly regulatory at home, especially of "green energy" issues and the energy industry in general, but laissez faire, free market with respect to foreign moves by publicly traded manufacturing corporations based in the U.S. Obama had told a worker last summer, whose job at UTC was being eliminated, that he should "get retrained in the clean power industry."

Read More

Oil prices settle down on Monday

Investing.com - Oil prices reached a new, one-year high by mid-day on Monday, as last week’s rally from the Organization of Petroleum Exporting Countries (OPEC) agreement to cut production continued apace U.S. crude for January delivery this morning gained 20 cents, or 0.4%, to $51.88 a barrel on the New York Mercantile Exchange (NYMEX). The price had been as high as $52.42 a barrel for Crude Oil, the best intraday price since July 2015. Brent Oil, the global oil price benchmark, gained 44 cents, or 0.8%, to $54.90 a barrel on ICE Futures Europe market.

But oil prices settled down for the day. Crude oil settled at 51.08, down 1.24%. Brent oil was down for the day, 54.24%, 0.40%.

The market contineus to gain as some investors anticipate that OPE is more likely to keep this pledge than in past pacts. OPE members are famed for surpassing production plans. Huge inventories of oil today are most likely, analysts said, to encourage the oilmen to keep their promises.

“They only must be on their best behavior for a few months to get the market into a daily supply deficit,” Phil Flynn, senior market analyst at the Price Futures Group in Chicago, said in a note to investors.

Read More

Euro, yen close higher

Investing.com - The euro and the yen were up on Monday at mid-day against the U.S. dollar. The yen exchange rate was 113.76 and the euro exchange rate was 1.0751, both, respectively, higher. News that U.S. service industries boosted production and hiring in November moved the markets. The news was perceived as a sign economy in the U.S. was expanding at a progressive pace after a very weak first half of the year, and seven tepid years of recovery under outgoing President Obama.

The currencies then closed higher for the day. TheEUR/USD ended at 1.0764, up 0.91%. The USD/JPY closed at 113.83, up 0.30%. The GBP/USD ended the day at 1,2730, up 0.02%.

The Institute for Supply Management said today its index of non-manufacturing activity rose to 57.2 in November from 54.8 in October, and a score above 50 indicates sector expansion.

Last month’s reading—the highest in more than a year — well exceeded economists’ expectation of a score of 55.5.

The service sector, including restaurants, accountants, barbers and real estate brokers and salesmen—accounts for most of the economy in the U.S. This broad sector was impaired earlier in the year. They have rebounded in recent months as consumers, benefiting from better earnings and scant inflation, spent more freely. Industrial spending also appears to be picking up, too, though it remains slow.

The Investing.com Euro Index was up 0.84%.

Read More

Spain stocks higher at close of trade; IBEX 35 up 0.67%

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

At the close in Madrid, the IBEX 35 rose 0.67%.

The best performers of the session on the IBEX 35 were Arcel. Mittal (MC:MTS), which rose 5.26% or 0.376 points to trade at 7.526 at the close. Meanwhile, Caixabank SA (MC:CABK) added 3.40% or 0.094 points to end at 2.860 and Banco Popular (MC:POP) was up 2.56% or 0.023 points to 0.920 in late trade.

The worst performers of the session were Grifols SA (MC:GRLS), which fell 2.99% or 0.525 points to trade at 17.015 at the close. Tecnicas Reunidas (MC:TRE) declined 1.43% or 0.515 points to end at 35.555 and Red Electrica Corporacion SA (MC:REE) was down 1.23% or 0.205 points to 16.450.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 137 to 71 and 13 ended unchanged.

Shares in Arcel. Mittal (MC:MTS) rose to 52-week highs; rising 5.26% or 0.376 to 7.526. Shares in Grifols SA (MC:GRLS) fell to 52-week lows; losing 2.99% or 0.525 to 17.015. Shares in Red Electrica Corporacion SA (MC:REE) fell to 52-week lows; falling 1.23% or 0.205 to 16.450.

Gold for February delivery was down 0.66% or 7.75 to $1170.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.50% or 0.26 to hit $51.94 a barrel, while the February Brent oil contract rose 0.95% or 0.52 to trade at $54.98 a barrel.

EUR/USD was up 0.77% to 1.0745, while EUR/GBP rose 0.91% to 0.8458.

The US Dollar Index was down 0.45% at 100.30.

Read More

Netherlands stocks higher at close of trade; AEX up 1.08%

Investing.com – Netherlands stocks were higher after the close on Monday, as gains in the Basic Materials, Healthcare and Technology sectors led shares higher.

At the close in Amsterdam, the AEX added 1.08%.

The best performers of the session on the AEX were ArcelorMittal SA (AS:ISPA), which rose 4.91% or 0.352 points to trade at 7.523 at the close. Meanwhile, Aegon (AS:AEGN) added 3.99% or 0.190 points to end at 4.946 and ING Groep NV (AS:INGA) was up 2.42% or 0.305 points to 12.915 in late trade.

The worst performers of the session were KPN Kon (AS:KPN), which fell 1.41% or 0.037 points to trade at 2.582 at the close. Unibail Rodamco SE (AS:UNBP) declined 0.32% or 0.65 points to end at 204.85 and Akzo Nobel (AS:AKZO) was down 0.16% or 0.09 points to 57.42.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 119 to 46 and 16 ended unchanged.

Shares in ArcelorMittal SA (AS:ISPA) rose to 52-week highs; up 4.91% or 0.352 to 7.523.

The AEX Volatility, which measures the implied volatility of AEX options, was down 13.86% to 17.23 a new 1-month low.

Crude oil for January delivery was up 0.54% or 0.28 to $51.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.97% or 0.53 to hit $54.99 a barrel, while the February Gold contract fell 0.67% or 7.85 to trade at $1169.95 a troy ounce.

EUR/USD was up 0.75% to 1.0743, while EUR/GBP rose 0.89% to 0.8457.

The US Dollar Index was down 0.44% at 100.31.

Read More

Russia stocks higher at close of trade; MICEX up 1.38%

Investing.com – Russia stocks were higher after the close on Monday, as gains in the Oil&Gas, Power and Telecoms sectors led shares higher.

At the close in Moscow, the MICEX gained 1.38% to hit a new all time high.

The best performers of the session on the MICEX were RusHydro JSC (MCX:HYDR), which rose 4.09% or 0.0380 points to trade at 0.9680 at the close. Meanwhile, FSK EES (MCX:FEES) added 4.09% or 0.0079 points to end at 0.2010 and Tatneft-3 (MCX:TATN) was up 4.00% or 15.90 points to 413.70 in late trade.

The worst performers of the session were Polymetal International PLC (MCX:POLY), which fell 3.20% or 19.50 points to trade at 589.50 at the close. Inter rao ees (MCX:IRAO) declined 2.15% or 0.0790 points to end at 3.5920 and Ros Agro PLC (MCX:AGRODR) was down 1.73% or 14 points to 793.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 121 to 101 and 23 ended unchanged.

Shares in RusHydro JSC (MCX:HYDR) rose to 3-years highs; gaining 4.09% or 0.0380 to 0.9680. Shares in FSK EES (MCX:FEES) rose to 3-years highs; rising 4.09% or 0.0079 to 0.2010. Shares in Tatneft-3 (MCX:TATN) rose to all time highs; gaining 4.00% or 15.90 to 413.70.

The Russian VIX, which measures the implied volatility of MICEX options, was down 2.43% to 22.920 a new 1-month low.

Gold for February delivery was down 0.67% or 7.95 to $1169.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.52% or 0.27 to hit $51.95 a barrel, while the February Brent oil contract rose 0.95% or 0.52 to trade at $54.98 a barrel.

USD/RUB was down 0.26% to 63.7151, while EUR/RUB rose 0.37% to 68.417.

The US Dollar Index was down 0.42% at 100.33.

Read More

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.22%

Investing.com – U.K. stocks were higher after the close on Monday, as gains in the Technology Hardware&Equipment, Industrial Metals&Mining and Mining sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 rose 0.22%.

The best performers of the session on the Investing.com United Kingdom 100 were Antofagasta PLC (LON:ANTO), which rose 4.90% or 34.00 points to trade at 727.50 at the close. Meanwhile, Glencore PLC (LON:GLEN) added 4.44% or 12.35 points to end at 290.25 and Carnival PLC (LON:CCL) was up 3.38% or 132.00 points to 4039.00 in late trade.

The worst performers of the session were Fresnillo PLC (LON:FRES), which fell 4.01% or 48.00 points to trade at 1150.00 at the close. Randgold Resources Ltd (LON:RRS) declined 3.18% or 185.00 points to end at 5640.00 and United Utilities Group PLC (LON:UU) was down 2.72% or 24.00 points to 858.50.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1339 to 954 and 418 ended unchanged.

Shares in Glencore PLC (LON:GLEN) rose to 52-week highs; rising 4.44% or 12.35 to 290.25.

Gold for February delivery was down 0.76% or 8.95 to $1168.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.52% or 0.27 to hit $51.95 a barrel, while the February Brent oil contract rose 0.88% or 0.48 to trade at $54.94 a barrel.

GBP/USD was down 0.12% to 1.2706, while EUR/GBP rose 0.79% to 0.8448.

The US Dollar Index was down 0.36% at 100.39.

Read More

Germany stocks higher at close of trade; DAX up 1.63%

Investing.com – Germany stocks were higher after the close on Monday, as gains in the Technology, Industrials and Insurance sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.63%, while the MDAX index gained 0.77%, and the TecDAX index added 0.86%.

The best performers of the session on the DAX were Bay.Motoren Werke AG ST (DE:BMWG), which rose 3.23% or 2.580 points to trade at 82.400 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 3.08% or 0.655 points to end at 21.935 and Siemens AG (DE:SIEGn) was up 3.02% or 3.200 points to 109.000 in late trade.

The worst performers of the session were Deutsche Boerse AG Z.UMT. (DE:DB11), which fell 1.22% or 0.91 points to trade at 73.75 at the close. Prosiebensat 1 Media AG (DE:PSMGn) declined 0.82% or 0.265 points to end at 32.155 and Vonovia SE (DE:VNAn) was down 0.59% or 0.17 points to 29.32.

The top performers on the MDAX were Covestro AG (DE:1COV) which rose 4.80% to 62.410, Wacker Chemie O.N. (DE:WCHG) which was up 4.00% to settle at 85.050 and Duerr AG (DE:DUEG) which gained 2.92% to close at 76.100.

The worst performers were Symrise AG Inh. O.N. (DE:SY1G) which was down 2.77% to 54.790 in late trade, LEG Immobilien AG (DE:LEGn) which lost 2.06% to settle at 68.070 and Krones AG O.N. (DE:KRNG) which was down 1.35% to 83.140 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 6.10% to 40.500, SMA Solar Technology AG (DE:S92G) which was up 4.73% to settle at 22.715 and Adva Optical Networking SE (DE:ADAG) which gained 3.51% to close at 7.082.

The worst performers were Xing AG (DE:OBCGn) which was down 1.35% to 174.900 in late trade, STRATEC Biomedical AG (DE:SBSG) which lost 1.19% to settle at 42.490 and Drillisch AG (DE:DRIG) which was down 0.56% to 35.570 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 603 to 304 and 25 ended unchanged.

Shares in Covestro AG (DE:1COV) rose to all time highs; up 4.80% or 2.860 to 62.410. Shares in Siltronic AG (DE:WAFGn) rose to all time highs; gaining 6.10% or 2.330 to 40.500.

The DAX volatility index, which measures the implied volatility of DAX options, was down 13.50% to 17.86 a new 1-month low.

Gold for February delivery was down 0.77% or 9.10 to $1168.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.54% or 0.28 to hit $51.96 a barrel, while the February Brent oil contract rose 0.90% or 0.49 to trade at $54.95 a barrel.

EUR/USD was up 0.67% to 1.0734, while EUR/GBP rose 0.79% to 0.8448.

The US Dollar Index was down 0.36% at 100.39.

Read More

Poland stocks higher at close of trade; WIG30 up 3.10%

Investing.com – Poland stocks were higher after the close on Monday, as gains in the Oil&Gas, Banking and Basic Materials sectors led shares higher.

At the close in Warsaw, the WIG30 added 3.10% to hit a new 6-months high.

The best performers of the session on the WIG30 were Polski Koncern Naftowy ORLEN SA (WA:PKN), which rose 5.57% or 4.22 points to trade at 80.02 at the close. Meanwhile, KGHM Polska Miedz SA (WA:KGH) added 5.20% or 4.52 points to end at 91.46 and Bank Polska Kasa Opieki SA (WA:PEO) was up 4.85% or 5.61 points to 121.28 in late trade.

The worst performers of the session were Jastrzebska Spotka Weglowa SA (WA:JSW), which fell 1.43% or 1.21 points to trade at 83.59 at the close. Lubelski Wegiel Bogdanka SA (WA:LWBP) declined 0.44% or 0.31 points to end at 69.49 and Gornictwo Naftowe i Gazownictwo SA (WA:PGN) was up 0.19% or 0.01 points to 5.20.

Rising stocks outnumbered declining ones on the Warsaw Stock Exchange by 278 to 254 and 202 ended unchanged.

Shares in Polski Koncern Naftowy ORLEN SA (WA:PKN) rose to 52-week highs; gaining 5.57% or 4.22 to 80.02. Shares in KGHM Polska Miedz SA (WA:KGH) rose to 52-week highs; rising 5.20% or 4.52 to 91.46.

Crude oil for January delivery was up 0.54% or 0.28 to $51.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.94% or 0.51 to hit $54.97 a barrel, while the February Gold contract fell 0.83% or 9.80 to trade at $1168.00 a troy ounce.

EUR/PLN was up 0.38% to 4.5010, while USD/PLN fell 0.20% to 4.1951.

The US Dollar Index was down 0.31% at 100.44.

Read More

Norway stocks higher at close of trade; Oslo OBX up 1.00%

Investing.com – Norway stocks were higher after the close on Monday, as gains in the Pharma Biotech&Life Sciences, Consumer Durables And Apparel and Transport sectors led shares higher.

At the close in Oslo, the Oslo OBX added 1.00% to hit a new 52-week high.

The best performers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 15.01% or 38.9 points to trade at 298.0 at the close. Meanwhile, Bw Lpg (OL:BWLPG) added 5.43% or 1.62 points to end at 31.47 and Seadrill Limited (OL:SDRL) was up 4.03% or 1.0 points to 26.1 in late trade.

The worst performers of the session were REC Silicon ASA (OL:REC), which fell 2.13% or 0.02 points to trade at 0.95 at the close. Schibsted ASA B (OL:SBSTB) declined 0.71% or 1.20 points to end at 168.60 and Schibsted ASA A (OL:SBSTA) was down 0.62% or 1.1 points to 177.0.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 128 to 74 and 29 ended unchanged.

Shares in Schibsted ASA B (OL:SBSTB) fell to all time lows; falling 0.71% or 1.20 to 168.60. Shares in Schibsted ASA A (OL:SBSTA) fell to 52-week lows; falling 0.62% or 1.1 to 177.0.

Crude oil for January delivery was up 0.68% or 0.35 to $52.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.08% or 0.59 to hit $55.05 a barrel, while the February Gold contract fell 0.83% or 9.75 to trade at $1168.05 a troy ounce.

EUR/NOK was up 0.20% to 8.9855, while USD/NOK fell 0.37% to 8.3790.

The US Dollar Index was down 0.27% at 100.48.

Read More

DJI hits fresh record high led by banks, energy stocks

Investing.com - U.S. stocks were higher early Monday with the DJI at record highs led by oil, financials.
The DJI was up 0.43% at 11:00 ET after hitting a new intraday record of 19,274.85 points.
The S&P 500 was up 0.70%, while the tech-heavy Nasdaq composite put on 1.14%
ISM services PMI at strongest in a year. Brent crude hit $55 for first time in 16 months.
(NYSE:Goldman Sachs) up 2.34% at 228.59 as Treasury yields rose; 10-year above 2.4%.

Read More

Turkey stocks higher at close of trade; BIST 100 up 0.28%

Investing.com – Turkey stocks were higher after the close on Monday, as gains in the Sports, Basic Metals and Tourism sectors led shares higher.

At the close in Istanbul, the BIST 100 added 0.28%.

The best performers of the session on the BIST 100 were Besiktas Futbol Yat. (IS:BJKAS), which rose 8.74% or 0.340 points to trade at 4.230 at the close. Meanwhile, Koza Madencilik (IS:KOZAA) added 5.61% or 0.120 points to end at 2.260 and Ipek Dogal Enerji (IS:IPEKE) was up 5.37% or 0.110 points to 2.160 in late trade.

The worst performers of the session were Ihlas Holding (IS:IHLAS), which fell 3.70% or 0.010 points to trade at 0.260 at the close. Metro Holding (IS:METRO) declined 3.23% or 0.030 points to end at 0.900 and Dogus Otomotiv (IS:DOAS) was down 2.23% or 0.19 points to 8.32.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 237 to 99 and 71 ended unchanged.

Gold for February delivery was down 1.15% or 13.55 to $1164.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.46% or 0.24 to hit $51.92 a barrel, while the February Brent oil contract rose 0.90% or 0.49 to trade at $54.95 a barrel.

USD/TRY was up 0.70% to 3.5444, while EUR/TRY rose 1.17% to 3.8019.

The US Dollar Index was down 0.26% at 100.49.

Read More

Israel stocks higher at close of trade; TA 25 up 1.17%

Investing.com – Israel stocks were higher after the close on Monday, as gains in the Biomed, Banking and Financials sectors led shares higher.

At the close in Tel Aviv, the TA 25 added 1.17%.

The best performers of the session on the TA 25 were OPKO Health Inc (TA:OPK), which rose 3.57% or 142 points to trade at 4115 at the close. Meanwhile, Israel Corp (TA:ILCO) added 3.10% or 1870 points to end at 62170 and Poalim (TA:POLI) was up 2.52% or 57 points to 2316 in late trade.

The worst performers of the session were Isramco L (TA:ISRAp), which fell 0.90% or 0.6 points to trade at 66.1 at the close. Paz Oil (TA:PZOL) declined 0.52% or 330 points to end at 62750 and Perrigo (TA:PRGO) was down 0.18% or 60 points to 32880.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 203 to 135 and 105 ended unchanged.

Crude oil for January delivery was up 0.56% or 0.29 to $51.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.97% or 0.53 to hit $54.99 a barrel, while the February Gold contract fell 1.17% or 13.75 to trade at $1164.05 a troy ounce.

USD/ILS was up 0.07% to 3.8194, while EUR/ILS rose 0.61% to 4.0964.

The US Dollar Index was down 0.26% at 100.49.

Read More

Gold down more than 1%; touches lowest level since February

Investing.com - Gold prices fell more than 1% on Monday as strength in equity markets hit safe haven demand for the precious metal and as expectations for a U.S. rate hike this month continued to weigh.

Gold was down 1.44% to $1,158.5 a troy ounce by 10:24 ET, a level not seen since February 5.

Gold initially gained after Italian voters rejected a referendum on constitutional changes backed by the government, prompting Prime Minister Matteo Renzi to step down and sending the euro to 20-month lows.

But European stock markets and the single currency rebounded as the referendum outcome had been largely priced in by markets.

Investors were also reassured after the European Central Bank said last week that it was prepared to temporarily step up purchases of Italian government bonds should the referendum results drive up borrowing costs.

Stronger risk appetite curbs the appeal of traditional safe-haven assets, such as gold.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.28% to 101.47, pressured lower by the stronger euro.

But demand for the dollar continued to be underpinned after a solid U.S. jobs report on Friday cemented expectations for a rate hike by the Federal Reserve at its meeting next week.

A report from the Institute of Supply Management on Monday showed that guage of non-manufacturing activity hit a one-year high in November, adding to optimism over the economic outlook.

According to Investing.com's Fed Rate Monitor Tool, 100% of traders expect the Fed to raise interest rates next week.

The precious metal fell almost 8% in November on the back of expectations that increased U.S. fiscal spending under a Trump administration will spur economic growth and inflation, which would ultimately lead to an era of higher interest rates.

Expectations of tighter monetary policy tend to weigh on gold, which struggles to compete with yield-bearing assets when borrowing costs rise.

Elsewhere in metals trading, silver for March delivery was down 1% at $16.66 a troy ounce, while copper for March delivery traded at $2.7 a pound.

Read More

U.S. ISM services PMI hits 1-year high in November

Investing.com - Service sector activity in the U.S. hit a one-year high in November, bolstering optimism over the American economy, industry data showed on Monday.

In a report, the Institute of Supply Management (ISM) said its non-manufacturing purchasing manager's index (PMI) rose to 57.2 last month from 54.8 in October. That was the 82nd consecutive month of growth and its highest reading since October 2015.

Analysts had expected the index to increase to 55.4.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting

The Non-Manufacturing Business Activity Index increased to 61.7, 4.0 points higher than October’s reading of 57.7. Analysts had forecast it to rise to 58.0.

The New Orders Index registered 57.0 in November, 0.7 points lower than the reading of 57.7 in the previous month.

The Employment Index increased 5.1 points to 58.2 from Obtober’s reading of 53.1.

The Prices Index decreased 0.3 points to 56.3 from October’s 56.6.

The ISM indicated that the majority of comments from the respondents were positive about business conditions and the direction of the overall economy.

The ISM further noted that all 14 non-manufacturing industries reported growth in November.

Immediately following the report, EUR/USD unchanged at 1.0728, GBP/USD was at 1.2712 from 1.2716 earlier, while USD/JPY was at 114.62 from 114.37 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 100.50 compared to 100.44 prior to the release.

Meanwhile, U.S. stock markets were trading higher after the open. The Dow 30 gained 0.49%, the S&P 500 rose 0.72%, while the Nasdaq Composite traded up 1.00%.

Elsewhere, in the commodities market, gold futures traded at $1,161.95 a troy ounce, compared to $1,165.65 ahead of the data, while crude oil traded at $52.09 a barrel from $52.24 earlier.

Read More

Outlook for gold remains grim as Fed Dec hike looms

Investing.com - The outlook for gold looks grim on the charts as a Fed December rate hike looms.
The precious metal was down 0.87% at 1,167.50 at 09:45 ET. Odds of Dec hike at 100%.
Weekly chart points to strong resistance at $1,300. Support at $1,225 now represents strong resistance.
Some hope in the fact that heavy selling pressure seems to be abating.
Longer term outlook remains bearish. A move below $1,160 could see support at $1,090 tested then $1,060 next year.

Read More

Fed's Dudley favors gradual tightening; pace of any hikes could rise on stimulus plans

Investing.com – Fed Member William Dudley said Monday he backs gradual tightening with economy expected to accelerate.
The Federal Reserve Bank of New York chief said the U.S. economy seen growing above its sustainable long-term rate.
“Assuming the economy stays on this trajectory, I would favor making monetary policy somewhat less accommodative," Dudley said in a speech.
But the Fed member said short-term rates should be pushed up "gradually."
Dudley noted “market participants now anticipate fiscal policy will turn more expansionary" under Trump presidency.
If that is the case, the FOMC "will likely respond by tightening monetary policy a bit more quickly than previously anticipated.”

Read More

Oil firms ahead of OPEC output cut; Brent tests $55

Investing.com - Oil recovered from early losses to trade higher Monday ahead of the implementation of OPEC's agreement to cut output.
Brent crude added 42 cents, or 0.77% to $54.88, off a 16-month high of $55.31 at 08:00 ET. U.S. crude rose 0.74% to $52.06.
Doubts remain about the extent to which OPEC's decision to cut output by 1.2 million barrels a day to 32.5 million will help reduce the global glut.
Non-OPEC members such as Russia have been invited to reduce production by 600,000 barrels a day.
There are also concerns about compliance with the agreed output cuts, which take effect at the start of 2017.
Baker Hughes data released Friday showed the number of rigs operating in the U.S. rise by three in the latest week to 477.
OPEC cuts could usher in a pick-up in activity by North American shale drillers.
The dollar index edged lower. A weaker dollar underpins demand for oil.

Read More

Euro hits 2-week highs, shakes off Italy referendum result

Investing.com - The euro climbed against the dollar on Monday, rebounding from 20-month lows as investors shook off Italian voters’ rejection of constitutional reform and the subsequent resignation of Prime Minister Matteo Renzi.

EUR/USD was last at 1.0705, up 0.41% at the highest levels since mid-November, after falling as low as 1.0507 earlier, the weakest since March 2015.

The single currency initially slumped after Italian voters rejected a referendum on constitutional changes backed by the government, prompting Prime Minister Matteo Renzi to step down.

Concerns over the financial health of the Italy’s ailing banking sector mounted amid fears that Renzi’s bank bailout program could be scrapped.

Italy’s banks are weighed down by bad loans and could possibly require a full-blown bailout from the European Central Bank.

Italy’s third-largest lender Monte dei Paschi di Sienas is in the midst of a complex operation to shed €28 billion in bad loans and raise €5 billion as part of a rescue plan.

But the euro quickly recovered as the referendum outcome had been largely priced in by markets.

Markets were also reassured after the ECB said last week that it was prepared to temporarily step up purchases of Italian government bonds should the referendum results drive up borrowing costs.

European stock markets also retraced early losses as investors bet against immediate elections in Italy.

EUR/JPY was last at 122.46 after falling as low as 120.16 earlier, while EUR/GBP recovered to trade at 0.8409 after falling to 0.8305 earlier, a level not seen since July.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.16% to 100.60 at the stronger euro weighed.

The dollar gained ground against the yen, with USD/JPY rising 0.76% to 114.37, re-approaching the nine-and-a-half month high of 114.83 touched last week.

Demand for the greenback continued to be underpinned after Friday’s solid U.S. jobs report for November cemented expectations for an interest rate hike by the Federal Reserve this month.

According to Investing.com's Fed Rate Monitor Tool, 100% of traders expect the Fed to raise interest rates next week.

Read More

Top 5 Things to Know In the Market on Monday

Investing.com - Here are the top five things you need to know in financial markets on Monday, December 5.

1. European stock markets shrug off Renzi defeat

European stock markets recovered following early losses on Monday as investors shrugged off Italian voters’ rejection of a constitutional referendum and the subsequent resignation of Prime Minister Matteo Renzi.

The referendum outcome was largely priced in and the European Central Bank has said it is ready to temporarily step up purchases of Italian government bonds should the referendum results drive up borrowing costs.

Italy’s FTSE MIB index reversed early steep losses as investors bet against early elections. Germany's DAX, London’s FTSE 100 and France’s CAC 40 all advanced.

U.S. futures also pointed to a higher open on Wall Street.

2. Rescue of Italian lender Monte Paschi thrown into doubt

Shares in Banca Monte dei Paschi (MI:BMPS), Italy’s third largest and oldest bank, slumped as much as 10% in early trading before recovering, amid fears that Renzi’s resignation has thrown the bank’s rescue plans in doubt.

Monte dei Paschi is in the midst of a complex operation to shed €28 billion in bad loans and raise €5 billion as part of a rescue plan to avoid being wound down.

Reuters reported that investors were to meet later Monday to decide whether to back the fundraising efforts.

3. Euro rebounds from 20-month low

The euro rebounded from 20-month lows on Monday. The euro tumbled to lows of 1.0507 against the dollar during Asian trade, its weakest since March 2015.

The single currency then retraced those losses and EUR/USD was last 1.0703.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 100.62 as the stronger euro weighed.

The dollar gained ground against the yen, with USD/JPY rising 0.63% to 114.23, still off the nine-and-a-half month high of 114.83 touched last week.

4. Oil prices hit 16-month highs, Brent above $55

Oil prices rose to fresh multi-month highs on Monday, as hopes that an announced output cut by the Organization of the Petroleum Exporting Countries will help reduce a global supply glut and shore up prices.

U.S. crude oil was trading at $52.21 a barrel at 11.26 GMT, a level not seen since July 2015, up 53 cents or 1.03% from its last close.

Global benchmark Brent futures rose 78 cents or 1.43% to $55.31 a barrel, also the highest level since July 2015.

5. RBS settles dispute with shareholder groups

Royal Bank of Scotland (LON:RBS) said Monday said it had settled legal claims with a majority of shareholders over allegations that they were misled in the run up to the banks emergency rights issue in 2008.

RBS said it would pay a sum of up to £800 million ($1.02 billion) to bring an end to the legal action.

RBS raised £12 billion in April 2008 but six months later it had to bailed out by the government and the shares issued in the rights issue have lost around 90% of their value.

Read More

India stocks higher at close of trade; Nifty 50 up 0.52%

Investing.com – India stocks were higher after the close on Monday, as gains in the Auto, Metals and Fast Moving Consumer Goods sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.52%, while the BSE Sensex 30 index gained 0.45%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 3.80% or 34.40 points to trade at 939.25 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.73% or 6.30 points to end at 175.05 and Mahindra&Mahindra Ltd. (NS:MAHM) was up 3.30% or 37.85 points to 1183.40 in late trade.

The worst performers of the session were Tech Mahindra Limited (NS:TEML), which fell 2.46% or 11.65 points to trade at 461.75 at the close. Tata Consultancy Services Ltd. (NS:TCS) declined 1.50% or 33.35 points to end at 2188.50 and Housing Development Finance Corp. (NS:HDFC) was down 1.44% or 17.85 points to 1218.95.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 3.58% to 937.95, Mahindra&Mahindra Ltd. (BO:MAHM) which was up 3.29% to settle at 1181.45 and Lupin Ltd (BO:LUPN) which gained 3.22% to close at 1536.60.

The worst performers were Housing Development Finance Corp. (BO:HDFC) which was down 1.73% to 1218.55 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 1.68% to settle at 2186.45 and Gail (India) Ltd. (BO:GAIL) which was down 1.09% to 427.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 855 to 612 and 72 ended unchanged; on the Bombay Stock Exchange, 1501 rose and 1079 declined, while 137 ended unchanged.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 3.60% to 17.2875.

Gold for February delivery was down 0.98% or 11.55 to $1166.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.93% or 0.48 to hit $52.16 a barrel, while the February Brent oil contract rose 1.16% or 0.63 to trade at $55.09 a barrel.

USD/INR was up 0.33% to 68.248, while EUR/INR rose 0.04% to 72.6428.

The US Dollar Index was up 0.23% at 100.98.

Read More

Gold down around 1% as dollar index moves higher

Investing.com - Gold prices fell almost 1% on Monday as demand for the dollar continued to remain underpinned after Friday’s solid U.S. employment report cemented expectations for a December rate hike by the Federal Reserve.

Gold was down 0.97% to $1,166.45 a troy ounce by 10:05 GMT, not far from Thursday’s lows of $1,160.00, a level not seen since February.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.3% at 101.05.

Gold is priced in dollars and becomes less attractive to holders of other currencies when the dollar rises.

Data on Friday showed that the U.S. economy added 178,000 jobs in November, while the unemployment rate dropped to a nine-year low of 4.6%.

The report lent further credence to the view that the Fed will raise rates at its December 13-14 meeting.

According to Investing.com's Fed Rate Monitor Tool, 100% of traders expect the Fed to raise interest rates next week.

Investors see a 93.9% chance of a follow up rate increase in February.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar in which it is priced.

Elsewhere in metals trading, silver for March delivery was down 1.24% at $16.62 a troy ounce, while copper for March delivery traded at $2.65 a pound.

Read More

Euro Zone Retail Sales 1.1% vs. 0.8% forecast

Retail sales in the euro zone rose more-than-expected last month, industry data showed on Monday.

In a report, Eurostat said that Euro Zone Retail Sales rose to 1.1%, from -0.4% in the preceding month whose figure was revised down from -0.2%.

Analysts had expected Euro Zone Retail Sales to rise to 0.8% last month.
Read More

Trade On The Go

Trade on your smartphone or tablet with our brand new mobile trading app. Never again miss the opportunity to earn when you are not at home. Access your account information, investment portfolio and market analysis at any time. Download the free A3 Trading app now.

Why Trade Online?

Online trading is absolutely the best way to earn significant profits from investment in the short term. All you need to get started is an internet connection and the desire to learn how to trade. Unlike other forms of investment, you don't need large amounts of money to get started. You can start with as little as $200.

Start Now