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Market Updates

French private sector output rises at fastest rate in 5-1/2 years

Investing.com - French private sector activity rose at the fastest rate in five-and-a-half years in January, adding to optimism over the outlook for the euro zone’s second largest economy, according to data released on Tuesday.

The preliminary reading of the Markit services purchasing managers’ index came in at a 19-month high of 53.9 this month from 52.9 in December.

Economists had forecast an uptick to 53.2.

The manufacturing PMI ticked down to 53.4 from 53.5 a month earlier, in line with forecasts.

The composite output index, which measures the combined output of both the manufacturing and service sectors rose to a 67-month high of 53.8 from 53.4, beating expectations for 53.3.

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

“The latest PMI data suggested that the French private sector continued to grow at a solid rate in January. The expansion was broad-based with marked increases in output evident in both the manufacturing and service sectors," Alex Gill, senior economist at survey compiler Markit said.

EUR/USD was at 1.0743 from around 1.0735 ahead of the release of the data, while EUR/GBP was at 0.8609 from 0.8612 earlier.

Read More

French Services PMI 53.9 vs. 53.2 forecast

French service sector activity rose more-than-expected last month, official data showed on Tuesday.

In a report, Markit Economics said that French Services PMI rose to a seasonally adjusted 53.9, from 52.9 in the preceding month.

Analysts had expected French Services PMI to rise to 53.2 last month.
Read More

Japan stocks lower at close of trade; Nikkei 225 down 0.49%

Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the Transportation Equipment, Manufacturing and Insurance sectors led shares lower.

At the close in Tokyo, the Nikkei 225 fell 0.49% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Alps Electric Co., Ltd. (T:6770), which rose 2.00% or 55.0 points to trade at 2806.0 at the close. Meanwhile, Asahi Group Holdings, Ltd. (T:2502) added 1.99% or 73.0 points to end at 3750.0 and IHI Corp. (T:7013) was up 1.98% or 6.0 points to 308.5 in late trade.

The worst performers of the session were The Kansai Electric Power Co. (T:9503), which fell 4.94% or 64.5 points to trade at 1241.0 at the close. Resona Holdings, Inc. (T:8308) declined 3.72% or 22.6 points to end at 585.1 and DeNA Co Ltd (T:2432) was down 3.56% or 94.0 points to 2546.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1610 to 1352 and 354 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 3.36% to 20.61.

Crude oil for March delivery was up 0.51% or 0.27 to $53.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.60% or 0.33 to hit $55.56 a barrel, while the February Gold contract fell 0.11% or 1.35 to trade at $1214.25 a troy ounce.

USD/JPY was up 0.43% to 113.19, while EUR/JPY rose 0.18% to 121.56.

The US Dollar Index was up 0.26% at 100.21.

Read More

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.25%

Investing.com – Taiwan stocks were higher after the close on Tuesday, as gains in the Hotels, Information Services and Optoelectronic sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted added 0.25% to hit a new 52-week high.

The best performers of the session on the Taiwan Weighted were Genesis Photon (TW:3383), which rose 9.89% or 0.28 points to trade at 3.11 at the close. Meanwhile, Tatung Co Ltd (TW:2371) added 9.84% or 1.50 points to end at 16.75 and Ralec Eltr (TW:2437) was up 9.83% or 4.70 points to 52.50 in late trade.

The worst performers of the session were Tonlin Dept (TW:2910), which fell 5.70% or 1.65 points to trade at 27.30 at the close. Kao Hsing Chan (TW:2008) declined 5.17% or 0.60 points to end at 11.00 and Cheer Time (TW:3229) was down 4.29% or 0.45 points to 10.05.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 431 to 333 and 114 ended unchanged.

Shares in Tatung Co Ltd (TW:2371) rose to 3-years highs; up 9.84% or 1.50 to 16.75. Shares in Cheer Time (TW:3229) fell to 3-years lows; losing 4.29% or 0.45 to 10.05.

Crude oil for March delivery was up 0.49% or 0.26 to $53.01 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.56% or 0.31 to hit $55.54 a barrel, while the February Gold contract fell 0.09% or 1.05 to trade at $1214.55 a troy ounce.

USD/TWD was down 0.26% to 31.353, while TWD/CNY fell 0.05% to 0.2186.

The US Dollar Index was up 0.21% at 100.16.

Read More

Australia stocks higher at close of trade; S&P/ASX 200 up 0.70%

Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the Metals&Mining, Materials and Resources sectors led shares higher.

At the close in Australia, the S&P/ASX 200 rose 0.70%.

The best performers of the session on the S&P/ASX 200 were Bluescope Steel Ltd (AX:BSL), which rose 7.71% or 0.800 points to trade at 11.180 at the close. Meanwhile, Resmed Inc (AX:RMD) added 6.85% or 0.570 points to end at 8.890 and South32 Ltd (AX:S32) was up 6.25% or 0.160 points to 2.720 in late trade.

The worst performers of the session were Syrah Res F (AX:SYR), which fell 2.99% or 0.100 points to trade at 3.250 at the close. Domino'S Pizza Enterprises Ltd (AX:DMP) declined 2.22% or 1.420 points to end at 62.580 and Infigen Energy (AX:IFN) was down 1.97% or 0.020 points to 0.995.

Rising stocks outnumbered declining ones on the Australia Stock Exchange by 551 to 497 and 351 ended unchanged.

Shares in Bluescope Steel Ltd (AX:BSL) rose to 5-year highs; gaining 7.71% or 0.800 to 11.180.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.75% to 13.560.

Gold for February delivery was up 0.05% or 0.65 to $1216.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.44% or 0.23 to hit $52.98 a barrel, while the March Brent oil contract rose 0.53% or 0.29 to trade at $55.52 a barrel.

AUD/USD was down 0.14% to 0.7573, while AUD/JPY fell 0.01% to 85.46.

The US Dollar Index was up 0.10% at 100.05.

Read More

Gold holds gains in Asia on weaker dollar, trade concerns

Investing.com - Gold prices held overnight gains into Asia on Tuesday on a weaker greenback and risk concerns connected to President Donald Trump moving to stamp a new set of policies on global trade, including a proposed border tax on imports.

Gold for February delivery on the Comex division of the New York Mercantile Exchange rose 0.13% to $1,217.15 a troy ounce. Also on the Comex, silver futures for March delivery gained 0.15% to $17.212 a troy ounce. Copper futures rose 0.11% to $2.650 a pound.

The U.S. dollar index rose 0.04% in Asia to 99.99, dipping below 100 for the first time since mid-November. Gold is denominated in dollars, making a weaker greenback more attractive for the two largest importers, China and India.

Overnight, gold prices were sharply higher during North American morning trade on Monday, rising to the strongest level in about two months as the U.S. dollar sank amid uncertainty around the economic policies of new U.S. President Donald Trump.

The U.S. dollar index dollar sold off amid disappointment that U.S. President Donald Trump’s inauguration speech on Friday proved light on detail over his plans for economic stimulus.

Trump addressed U.S. manufacturing executives with a repeated promise to impose a border tax on firms that import products into the United States after moving American factories overseas and announced the country had abandoned the Trans-Pacific Partnership trade pact among a dozen nations. Trump's promises of tax cuts and higher federal spending continue to hold the market's attention, but details are sparse.

Trump also said Sunday he would start talks with Mexico and Canada to renegotiate the North American Free Trade Agreement (NAFTA).
Meanwhile, market participants will get back to the business of watching economic data for fresh indications on the health of the economy in the week ahead, with Friday's advanced reading for U.S. growth in the spotlight.

Besides the GDP report, this week's calendar also features U.S. data on existing home sales on Tuesday, initial jobless claims and new home sales on Thursday, followed by durable goods orders and revised consumer sentiment on Friday.

A recent string of solid data reinforced the view that the U.S. economy is sufficiently robust to warrant higher interest rates in the months ahead.

The Federal Reserve indicated last month that at least three rate increases were in the offing for 2017, according to a forecast of interest rates from members of the central bank, known as the dot-plot.

However, traders remained unconvinced. Instead, markets are pricing in just two rate hikes during the course of this year, according to Investing.com’s Fed Rate Monitor Tool.

A delay in raising interest rates would be seen as positive for gold, a non-interest-bearing asset, and negative for the dollar.

Read More

Dollar index drops below 100 in Asia on trade worries

Investing.com - The dollar weakened to the lowest levels in more than two months as concerns of drastic changes to the global trade regime by President Donald Trump caught investors concerned about prospects oftit-for-tat retaliations on imports and exports.

The U.S. dollar index, which measures the greenback against a basket of currencies, was last quoted down 0.81% to 99.95, the first dip below 100 since mid-November. USD/JPY changed hands at 112.81, up 0.10%, while AUD/USD traded at 0.7582, down 0.03%.

"Investors are nervous due to Trump's protectionism policies and their hope is that his tax cut policies could perhaps save the day for them," said Naeem Aslam, chief market analyst at ThinkMarkets, in a note on Tuesday.

Overnight, the dollar dropped on Monday on growing concerns that the multilateral trade regime will see sharp changes under Trump from a proposed border tax to potential other actions on import tariffs.

Trump addressed U.S. manufacturing executives with a repeated promise to impose a border tax on firms that import products into the United States after moving American factories overseas and announced the country had abandoned the Trans-Pacific Partnership trade pact among a dozen nations. Trump's promises of tax cuts and higher federal spending continue to hold the market's attention, but details are sparse.

Trump also said Sunday he would start talks with Mexico and Canada to renegotiate the North American Free Trade Agreement (NAFTA).

In his inauguration speech on Friday, Trump said his administration would put "America first" and also promised new roads, bridges and highways. But market sentiment was hit by the negative tone of the speech, which underlined uncertainty over how Trump will govern.

Meanwhile, the Mexican peso, USD/MXN, was down 0.32% at 21.3160.

Read More

Peru stocks higher at close of trade; S&P Lima General up 0.90%

Investing.com – Peru stocks were higher after the close on Monday, as gains in the Banking&Financials, Mining and Food&Beverages sectors led shares higher.

At the close in Lima, the S&P Lima General gained 0.90%.

The best performers of the session on the S&P Lima General were Credicorp (LM:BAP), which rose 2.50% or 4.000 points to trade at 164.000 at the close. Meanwhile, Buenaventura (LM:BVN) added 2.35% or 0.310 points to end at 13.500 and Trevali Mining (LM:TV) was up 2.20% or 0.020 points to 0.930 in late trade.

The worst performers of the session were Austral Group SAA (LM:AUG), which fell 2.78% or 0.040 points to trade at 1.400 at the close. Atacocha (LM:ATB) declined 2.50% or 0.010 points to end at 0.390 and Relapasa (LM:REL) was down 2.04% or 0.005 points to 0.240.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 14 to 11 and 9 ended unchanged.

Crude oil for March delivery was down 0.66% or 0.35 to $52.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.23% or 0.13 to hit $55.36 a barrel, while the February Gold contract rose 1.07% or 12.85 to trade at $1217.75 a troy ounce.

USD/PEN was down 0.35% to 3.2850, while EUR/PEN rose 0.38% to 3.5347.

The US Dollar Index was down 0.76% at 100.00.

Read More

Canada stocks lower at close of trade; S&P/TSX Composite down 0.44%

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Energy, Healthcare and Consumer Staples sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite fell 0.44%.

The best performers of the session on the S&P/TSX Composite were Sierra Wireless Inc . (TO:SW), which rose 8.21% or 1.73 points to trade at 22.81 at the close. Meanwhile, Ivanhoe Mines Ltd. (TO:IVN) added 8.13% or 0.300 points to end at 3.990 and Kinross Gold Corporation (TO:K) was up 4.39% or 0.21 points to 4.99 in late trade.

The worst performers of the session were Secure Energy Services Inc . (TO:SES), which fell 5.86% or 0.68 points to trade at 10.92 at the close. Peyto Exploration&Development Corp (TO:PEY) declined 5.65% or 1.69 points to end at 28.22 and Whitecap Resources Inc . (TO:WCP) was down 5.57% or 0.63 points to 10.69.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 587 to 583 and 126 ended unchanged.

Shares in Ivanhoe Mines Ltd. (TO:IVN) rose to 3-years highs; rising 8.13% or 0.300 to 3.990.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 10.81% to 12.81.

Gold for February delivery was up 0.95% or 11.45 to $1216.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.62% or 0.33 to hit $52.89 a barrel, while the March Brent oil contract fell 0.23% or 0.13 to trade at $55.36 a barrel.

CAD/USD was up 0.49% to 0.7542, while CAD/EUR rose 0.03% to 0.7017.

The US Dollar Index was down 0.63% at 100.14.

Read More

Dollar drops as Trump sends trade jitters out to market

Investing.com - The dollar dropped on Monday on growing concerns that the multilateral trade regime will see sharp changes under President Donald Trump from a proposed border tax to potential other actions on import tariffs.

The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.60% to 100.17, a pattern seen against the safe-haven yen with USD/JPY down 1.34% to 113.09. GBP/USD rose 1.04% 1.2503, while EUR/USD gained 0.40% to 1.0746.

Trump addressed U.S. manufacturing executives with a repeated promise to impose a border tax on firms that import products into the United States after moving American factories overseas and announced the country had abandoned the Trans-Pacific Partnership trade pact among a dozen nations. Trump's promises of tax cuts and higher federal spending continue to hold the market's attention, but details are sparse.

Trump also said Sunday he would start talks with Mexico and Canada to renegotiate the North American Free Trade Agreement (NAFTA).

In his inauguration speech on Friday, Trump said his administration would put "America first" and also promised new roads, bridges and highways. But market sentiment was hit by the negative tone of the speech, which underlined uncertainty over how Trump will govern.

Meanwhile, the Mexican peso added to Friday’s strong gains after Trump’s inauguration speech didn't specifically mention Mexico. USD/MXN was down 0.97% at 21.3735 after ending Friday’s session down 1.64%.

Read More

Colombia stocks lower at close of trade; COLCAP down 0.03%

Investing.com – Colombia stocks were lower after the close on Monday, as losses in the Services, Investment and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP fell 0.03%.

The best performers of the session on the COLCAP were Cemex Latam Holdings SA (CN:CLH), which rose 1.05% or 120.0 points to trade at 11560.0 at the close. Meanwhile, Grupoaval (CN:GAA) added 0.85% or 10.0 points to end at 1190.0 and Ecopetrol SA (CN:ECO) was up 0.72% or 10.0 points to 1395.0 in late trade.

The worst performers of the session were Avianca Holdings Pf (CN:AVT_p), which fell 9.39% or 325.0 points to trade at 3135.0 at the close. Bolsa De Valores De Colombia (CN:BVC) declined 1.83% or 0.4 points to end at 21.4 and Etb (CN:ETB) was down 1.26% or 8.0 points to 628.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 16 to 13 and 4 ended unchanged.

US coffee C for March delivery was up 0.95% or 1.45 to $154.68 . Elsewhere in commodities trading, US cocoa for delivery in March rose 1.12% or 24.00 to hit $2173.00 , while the February Gold contract rose 0.93% or 11.25 to trade at $1216.15 a troy ounce.

USD/COP was up 0.15% to 2926.00, while BRL/COP rose 0.41% to 924.98.

The US Dollar Index was down 0.65% at 100.12.

Read More

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.93%

Investing.com – Denmark stocks were lower after the close on Monday, as losses in the Oil&Gas, Financials and Healthcare sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.93%.

The best performers of the session on the OMX Copenhagen 20 were Genmab (CO:GEN), which rose 1.84% or 23.0 points to trade at 1273.0 at the close. Meanwhile, Pandora A/S (CO:PNDORA) added 1.26% or 11.0 points to end at 884.5 and Novozymes A/S B (CO:NZYMb) was up 0.41% or 1.0 points to 247.4 in late trade.

The worst performers of the session were Vestas Wind Systems A/S (CO:VWS), which fell 2.16% or 10.3 points to trade at 466.0 at the close. Novo Nordisk A/S B (CO:NOVOb) declined 2.01% or 5.0 points to end at 243.8 and GN Store Nord (CO:GN) was down 1.26% or 1.9 points to 148.8.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 69 to 51 and 18 ended unchanged.

Crude oil for March delivery was down 0.86% or 0.46 to $52.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.47% or 0.26 to hit $55.23 a barrel, while the February Gold contract rose 0.90% or 10.80 to trade at $1215.70 a troy ounce.

USD/DKK was down 0.19% to 6.9347, while EUR/DKK fell 0.01% to 7.4359.

The US Dollar Index was down 0.42% at 100.35.

Read More

France stocks lower at close of trade; CAC 40 down 0.60%

Investing.com – France stocks were lower after the close on Monday, as losses in the Oil&Gas, Financials and Healthcare sectors led shares lower.

At the close in Paris, the CAC 40 fell 0.60% to hit a new 1-month low, while the SBF 120 index fell 0.49%.

The best performers of the session on the CAC 40 were Veolia Environnement VE SA (PA:VIE), which rose 1.87% or 0.290 points to trade at 15.765 at the close. Meanwhile, Safran SA (PA:SAF) added 1.68% or 1.08 points to end at 65.53 and Vinci SA (PA:SGEF) was up 1.61% or 1.06 points to 66.90 in late trade.

The worst performers of the session were Nokia Oyj (PA:NOKIA), which fell 2.96% or 0.132 points to trade at 4.323 at the close. Credit Agricole SA (PA:CAGR) declined 2.70% or 0.335 points to end at 12.055 and TechnipFMC PLC (PA:FTI) was down 2.56% or 0.82 points to 31.23.

The top performers on the SBF 120 were Elis Services SA (PA:ELIS) which rose 4.73% to 17.05, Vallourec (PA:VLLP) which was up 3.06% to settle at 7.005 and Iliad (PA:ILD) which gained 2.36% to close at 195.55.

The worst performers were CGG SA (PA:GEPH) which was down 5.00% to 10.0800 in late trade, Nokia Oyj (PA:NOKIA) which lost 2.96% to settle at 4.323 and Credit Agricole SA (PA:CAGR) which was down 2.70% to 12.055 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 316 to 304 and 89 ended unchanged.

Shares in TechnipFMC PLC (PA:FTI) fell to 5-year lows; falling 2.56% or 0.82 to 31.23.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 14.98% to 16.61.

Gold for February delivery was up 0.90% or 10.85 to $1215.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.86% or 0.46 to hit $52.76 a barrel, while the March Brent oil contract fell 0.45% or 0.25 to trade at $55.24 a barrel.

EUR/USD was up 0.20% to 1.0724, while EUR/GBP fell 0.65% to 0.8595.

The US Dollar Index was down 0.43% at 100.34.

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U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.67%

Investing.com – U.K. stocks were lower after the close on Monday, as losses in the Oil Equipment Services&Distribution, Oil&Gas Producers and Software&Computer Services sectors led shares lower.

At the close in London, the Investing.com United Kingdom 100 declined 0.67%.

The best performers of the session on the Investing.com United Kingdom 100 were Antofagasta PLC (LON:ANTO), which rose 3.61% or 27.50 points to trade at 789.50 at the close. Meanwhile, Fresnillo PLC (LON:FRES) added 3.42% or 48.00 points to end at 1450.00 and EasyJet PLC (LON:EZJ) was up 3.06% or 32.000 points to 1076.000 in late trade.

The worst performers of the session were Paddy Power Betfair PLC (LON:PPB), which fell 4.38% or 380.000 points to trade at 8295.000 at the close. Dixons Carphone PLC (LON:DC) declined 2.58% or 8.90 points to end at 336.10 and Royal Bank of Scotland Group PLC (LON:RBS) was down 2.26% or 5.000 points to 215.900.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1142 to 783 and 451 ended unchanged.

Shares in Antofagasta PLC (LON:ANTO) rose to 52-week highs; up 3.61% or 27.50 to 789.50.

Gold for February delivery was up 1.07% or 12.95 to $1217.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.03% or 0.55 to hit $52.67 a barrel, while the March Brent oil contract fell 0.63% or 0.35 to trade at $55.14 a barrel.

GBP/USD was up 0.90% to 1.2485, while EUR/GBP fell 0.58% to 0.8601.

The US Dollar Index was down 0.57% at 100.20.

Read More

Germany stocks lower at close of trade; DAX down 0.73%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Chemicals, Insurance and Software sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.73%, while the MDAX index lost 0.34%, and the TecDAX index fell 0.30%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 3.10% or 4.600 points to trade at 152.800 at the close. Meanwhile, Deutsche Boerse AG Z.UMT. (DE:DB11) added 2.23% or 1.75 points to end at 80.06 and Lufthansa AG VNA O.N. (DE:LHAG) was up 0.99% or 0.120 points to 12.230 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 2.00% or 0.161 points to trade at 7.900 at the close. Merck KGaA (DE:MRCG) declined 1.41% or 1.450 points to end at 101.250 and Bayer AG NA (DE:BAYGN) was down 1.41% or 1.450 points to 101.050.

The top performers on the MDAX were Alstria Office Reit-Ag (DE:AOXG) which rose 1.63% to 11.550, Aurubis AG (DE:NAFG) which was up 1.21% to settle at 54.440 and Bilfinger SE O.N. (DE:GBFG) which gained 1.21% to close at 39.175.

The worst performers were Covestro AG (DE:1COV) which was down 2.11% to 67.200 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 1.83% to settle at 26.000 and Steinhoff International Holdings NV (DE:SNHG) which was down 1.54% to 4.81 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 6.40% to 52.420, Adva Optical Networking SE (DE:ADAG) which was up 1.56% to settle at 7.669 and Evotec AG O.N. (DE:EVTG) which gained 0.67% to close at 7.480.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 2.22% to 52.370 in late trade, STRATEC Biomedical AG (DE:SBSG) which lost 2.07% to settle at 45.050 and S&T AG (F:SANT1) which was down 1.32% to 8.640 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 473 to 301 and 14 ended unchanged.

Shares in Volkswagen AG VZO O.N. (DE:VOWG_p) rose to 52-week highs; up 3.10% or 4.600 to 152.800. Shares in Siltronic AG (DE:WAFGn) rose to all time highs; up 6.40% or 3.155 to 52.420.

The DAX volatility index, which measures the implied volatility of DAX options, was up 14.87% to 16.35.

Gold for February delivery was up 1.07% or 12.95 to $1217.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.03% or 0.55 to hit $52.67 a barrel, while the March Brent oil contract fell 0.63% or 0.35 to trade at $55.14 a barrel.

EUR/USD was up 0.34% to 1.0739, while EUR/GBP fell 0.59% to 0.8600.

The US Dollar Index was down 0.57% at 100.20.

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Poland stocks lower at close of trade; WIG30 down 0.59%

Investing.com – Poland stocks were lower after the close on Monday, as losses in the Banking, Telecoms and Information Technology sectors led shares lower.

At the close in Warsaw, the WIG30 lost 0.59%.

The best performers of the session on the WIG30 were Globe Trade Centre SA (WA:GTCP), which rose 3.01% or 0.25 points to trade at 8.55 at the close. Meanwhile, PKP Cargo (WA:PKPP) added 2.86% or 1.48 points to end at 53.18 and Gornictwo Naftowe i Gazownictwo SA (WA:PGN) was up 1.87% or 0.10 points to 5.45 in late trade.

The worst performers of the session were CCC SA (WA:CCCP), which fell 4.04% or 8.60 points to trade at 204.50 at the close. mBank SA (WA:MBK) declined 2.83% or 10.00 points to end at 342.85 and Bank Zachodni WBK SA (WA:BZW) was down 2.78% or 9.35 points to 327.05.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 295 to 277 and 163 ended unchanged.

Shares in Globe Trade Centre SA (WA:GTCP) rose to 3-years highs; up 3.01% or 0.25 to 8.55.

Crude oil for March delivery was down 1.01% or 0.54 to $52.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.61% or 0.34 to hit $55.15 a barrel, while the February Gold contract rose 1.02% or 12.35 to trade at $1217.25 a troy ounce.

EUR/PLN was down 0.03% to 4.3708, while USD/PLN fell 0.31% to 4.0711.

The US Dollar Index was down 0.53% at 100.24.

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Norway stocks lower at close of trade; Oslo OBX down 0.63%

Investing.com – Norway stocks were lower after the close on Monday, as losses in the Energy, Auto&components and Consumer Durables And Apparel sectors led shares lower.

At the close in Oslo, the Oslo OBX lost 0.63%.

The best performers of the session on the Oslo OBX were Frontline Ltd (OL:FRO), which rose 1.27% or 0.75 points to trade at 59.95 at the close. Meanwhile, BW LPG Ltd (OL:BWLPG) added 0.66% or 0.30 points to end at 46.35 and Norsk Hydro ASA (OL:NHY) was up 0.40% or 0.18 points to 45.22 in late trade.

The worst performers of the session were Seadrill Limited (OL:SDRL), which fell 8.35% or 2.2 points to trade at 24.2 at the close. Aker Solutions OL (OL:AKSOL) declined 3.96% or 1.83 points to end at 44.42 and P/f Bakkafrost (OL:BAKKA) was down 3.92% or 13.50 points to 330.70.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 107 to 76 and 21 ended unchanged.

Shares in Norsk Hydro ASA (OL:NHY) rose to 52-week highs; rising 0.40% or 0.18 to 45.22.

Crude oil for March delivery was down 1.01% or 0.54 to $52.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.65% or 0.36 to hit $55.13 a barrel, while the February Gold contract rose 1.02% or 12.25 to trade at $1217.15 a troy ounce.

EUR/NOK was up 0.00% to 8.9925, while USD/NOK fell 0.31% to 8.3771.

The US Dollar Index was down 0.51% at 100.26.

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Russia stocks lower at close of trade; MICEX down 0.64%

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

At the close in Moscow, the MICEX declined 0.64% to hit a new 1-month low.

The best performers of the session on the MICEX were PIK (MCX:PIKK), which rose 3.11% or 8.50 points to trade at 281.50 at the close. Meanwhile, Inter rao ees (MCX:IRAO) added 2.62% or 0.0980 points to end at 3.8450 and ALROSA ao (MCX:ALRS) was up 2.31% or 2.300 points to 102.000 in late trade.

The worst performers of the session were AK Transneft OAO Pref (MCX:TRNF_p), which fell 4.42% or 9000 points to trade at 194700 at the close. NOVATEK (MCX:NVTK) declined 2.60% or 18.80 points to end at 704.50 and RusHydro JSC (MCX:HYDR) was down 2.31% or 0.0251 points to 1.0615.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 141 to 83 and 19 ended unchanged.

Shares in ALROSA ao (MCX:ALRS) rose to all time highs; gaining 2.31% or 2.300 to 102.000.

The Russian VIX, which measures the implied volatility of MICEX options, was up 0.60% to 23.550.

Gold for February delivery was up 1.02% or 12.25 to $1217.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.01% or 0.54 to hit $52.68 a barrel, while the March Brent oil contract fell 0.63% or 0.35 to trade at $55.14 a barrel.

USD/RUB was down 0.34% to 59.5481, while EUR/RUB rose 0.03% to 63.937.

The US Dollar Index was down 0.51% at 100.26.

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Greece stocks higher at close of trade; Athens General-Composite up 0.11%

Investing.com – Greece stocks were higher after the close on Monday, as gains in the Household, Basic Resources and Travel sectors led shares higher.

At the close in Athens, the Athens General-Composite added 0.11%.

The best performers of the session on the Athens General-Composite were Attica Bank SA (AT:BOAr), which rose 15.79% or 0.006 points to trade at 0.044 at the close. Meanwhile, Revoil Petrol (AT:REVr) added 9.74% or 0.037 points to end at 0.417 and Hygeia (AT:HYGr) was up 5.37% or 0.008 points to 0.157 in late trade.

The worst performers of the session were Select Textile (AT:EPIr), which fell 7.59% or 0.011 points to trade at 0.134 at the close. Centric Hold (AT:DESr) declined 6.80% or 0.007 points to end at 0.096 and National Bank of Greece (AT:NBGr) was down 4.17% or 0.01 points to 0.23.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 54 to 47 and 15 ended unchanged.

Gold for February delivery was up 0.92% or 11.10 to $1216.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.88% or 0.47 to hit $52.75 a barrel, while the March Brent oil contract fell 0.50% or 0.28 to trade at $55.21 a barrel.

EUR/USD was up 0.31% to 1.0736, while EUR/GBP fell 0.58% to 0.8601.

The US Dollar Index was down 0.49% at 100.28.

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Turkey stocks lower at close of trade; BIST 100 down 0.02%

Investing.com – Turkey stocks were lower after the close on Monday, as losses in the Wholesale&Retail Trade, Banking and Information Technology sectors led shares lower.

At the close in Istanbul, the BIST 100 fell 0.02%.

The best performers of the session on the BIST 100 were Ege Endustri (IS:EGEEN), which rose 3.94% or 10.70 points to trade at 282.50 at the close. Meanwhile, KOC Holding (IS:KCHOL) added 3.03% or 0.43 points to end at 14.62 and Nurol Gmyo (IS:NUGYO) was up 2.87% or 0.120 points to 4.300 in late trade.

The worst performers of the session were Vestel (IS:VESTL), which fell 6.49% or 0.460 points to trade at 6.630 at the close. Koza Madencilik (IS:KOZAA) declined 2.87% or 0.060 points to end at 2.030 and Galatasaray Sportif (IS:GSRAY) was down 2.48% or 0.82 points to 32.22.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 198 to 145 and 64 ended unchanged.

Gold for February delivery was up 0.95% or 11.45 to $1216.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.83% or 0.44 to hit $52.78 a barrel, while the March Brent oil contract fell 0.41% or 0.23 to trade at $55.26 a barrel.

USD/TRY was down 0.21% to 3.7605, while EUR/TRY rose 0.15% to 4.0396.

The US Dollar Index was down 0.52% at 100.25.

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Israel stocks lower at close of trade; TA 25 down 1.00%

Investing.com – Israel stocks were lower after the close on Monday, as losses in the Communication, Financials and Technology sectors led shares lower.

At the close in Tel Aviv, the TA 25 fell 1.00% to hit a new 1-month low.

The best performers of the session on the TA 25 were Elbit Systems (TA:ESLT), which rose 0.20% or 80 points to trade at 40120 at the close. Meanwhile, ICL Israel Chemicals Ltd (TA:ICL) added 0.17% or 3 points to end at 1725 and Melisron (TA:MLSR) was up 0.12% or 20 points to 17080 in late trade.

The worst performers of the session were Perrigo (TA:PRGO), which fell 2.56% or 730 points to trade at 27750 at the close. Teva (TA:TEVA) declined 2.53% or 320 points to end at 12320 and Discount (TA:DSCT) was down 2.29% or 18.4 points to 784.9.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 256 to 101 and 84 ended unchanged.

Shares in Perrigo (TA:PRGO) fell to 5-year lows; losing 2.56% or 730 to 27750. Shares in Teva (TA:TEVA) fell to 5-year lows; falling 2.53% or 320 to 12320.

Crude oil for March delivery was down 0.73% or 0.39 to $52.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.34% or 0.19 to hit $55.30 a barrel, while the February Gold contract rose 1.03% or 12.40 to trade at $1217.30 a troy ounce.

USD/ILS was down 0.21% to 3.7916, while EUR/ILS rose 0.15% to 4.0751.

The US Dollar Index was down 0.60% at 100.17.

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Canadian dollar little changed amid unease over Trump

Investing.com - The Canadian dollar was little changed against its U.S. counterpart on Monday as the lack of economic policy detail in U.S. President Donald Trump’s inauguration speech coupled with concerns over his protectionist stance kept investors on the sidelines.

USD/CAD edged up to 1.3333, little changed from Friday’s close.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.21% to 100.58, after touching lows of 100.17 earlier.

The index climbed around 3.5% since Trump’s election win in November, buoyed by expectations that his pledges to cut taxes and hike infrastructure spending would spur growth in the U.S. economy, leading to inflation and a faster pace of interest rate hikes.

But the index has fallen 1.9% so far this month as the lack of economic policy detail, In his inauguration speech on Friday, Trump said his administration would put "America first" and also promised new roads, bridges and highways.

But market sentiment was hit by the negative tone of the speech, which underlined uncertainty over how Trump will govern.

Investors were looking ahead to the first official Trump administration press briefing later Monday, due at 13.30 ET.

The Canadian dollar remained under pressure as the price of oil, a major Canadian export, fell.

Oil prices dropped as indications of a recovery in U.S. oil output offset news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December.

Also Monday, data showed that Canadian wholesale sales grew less than expected in November.

Statistics Canada said wholesale sales rose 0.2% in November, falling short of forecasts for a 0.5% increase.

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Dollar broadly weaker amid Trump policy jitters

Investing.com - The dollar fell to six-week lows against a basket of the other major currencies on Monday at the start of President Donald Trump’s first full week in office amid a lack of clarity on his economic policies.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.48% to 100.28, the lowest level since December 8.

The index climbed around 3.5% since Trump’s election win in November, buoyed by expectations that his pledges to cut taxes and hike infrastructure spending would spur growth in the U.S. economy, leading to inflation and a faster pace of interest rate hikes.

But the index has fallen 1.9% so far this month as the lack of economic policy detail, coupled with concerns over his protectionist rhetoric weighed.

In his inauguration speech on Friday, Trump said his administration would put "America first" and also promised new roads, bridges and highways.

But market sentiment was hit by the negative tone of the speech, which underlined uncertainty over how Trump will govern.

Investors were looking ahead to the first official Trump administration press briefing later Monday, due at 13.30 ET.

The dollar was sharply lower against the traditional safe haven yen, with USD/JPY trading at 113.44, off 1.04% after touching overnight lows of 113.17.

The euro rose to five-week highs against the dollar, with EUR/USD climbing 0.32% to 1.0736.

Sterling also hit five-week highs as the dollar sold off, with GBP/USD up 0.64% to 1.2452.

Traders were looking ahead to Tuesday’s U.K. Supreme Court ruling on whether the government will need parliamentary approval to initiate Britain’s exit from the European Union by triggering Article 50 of the Lisbon Treaty.

Meanwhile, the Mexican peso added to Friday’s strong gains after Trump’s inauguration speech didn't specifically mention Mexico.

USD/MXN was down 1.11% at 21.35 after ending Friday’s session down 1.64%.

The Mexican peso has been hard hit by fears over potential changes to U.S. trade policy under the Trump administration.

Elsewhere in emerging markets, the Turkish lira remained under pressure ahead of a critical central bank meeting on Tuesday, after a steep decline in the currency since the start of the year.

USD/TRY was trading at 3.7756, up 0.19% from Friday’s close.

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McDonald's Q4 EPS $1.44 vs. estimate $1.41; sales fall 5%

Investing.com - (NYSE:McDonald’s) Q4 earnings beat estimates as sales fell.
McDonald’s Monday reported diluted Q4 EPS of $1.44 on a 5% yoy fall in revenues to $6.03 bn.
The fall in sales was attributed to the impact of its refranchising program.
Analysts expected the fast-food chain to report Q4 EPS of $1.41 on revenues of $5.98 bn.
McDonald's 2015 Q4 EPS was $1.31 on revenues of $6.34 bn.
CEO Steve Easterbrook described the fourth quarter results as "solid."

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Canadian wholesale sales 0.2% vs. 0.5% forecast

Canadian wholesale sales rose less-than-expected last month, official data showed on Monday.

In a report, Statistics Canada said that Canadian wholesale sales rose to a seasonally adjusted 0.2%, from 1.3% in the preceding month whose figure was revised up from 1.1%.

Analysts had expected Canadian wholesale sales to rise 0.5% last month.
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U.S. stock futures lower as markets digest Trump, look to earnings

Investing.com - Wall Street futures pointed to a lower open on Monday as markets continued to digest President Donald Trump’s inaugural speech and investors looked towards earnings as the only scheduled references for the start of the week.

The blue-chip Dow futures slipped 9 points, or 0.05%, by 6:50AM ET (11:50GMT), the S&P 500 futures dropped 3 points, or 0.13%, while the tech-heavy Nasdaq 100 futures gave up 9 points, or 0.19%.

With little detail on economic policies provided by Trump in his first speech, investors may look to the first official press briefing of his administration at 1:30PM ET (18:30GMT) in the hopes of gleaming an idea of his initial plans.

As no major economic reports scheduled for release on Monday, market participants were likely to focus on earnings out throughout the day.

Halliburton (NYSE:HAL) reported mixed results as earnings-per-share settled at $0.04, topping forecasts for $0.02, but revenue fell 20.9% year-on-year to $4.02 billion, coming in under estimates for $4.06 billion.

McDonald’s (NYSE:MCD) will also release its quarterly report before the market open, kicking off a week in which 30% of the Dow components will report fourth quarter results.

Yahoo (NASDAQ:YHOO) will also be in focus as it reports its earnings after the market close.

In the meantime, the dollar started the week off lower as the lack of clear details on future policies caused investors to sell off the greenback.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.39% at 100.38 by 6:51AM ET (11:51GMT), after falling to 100.17 earlier, a level not seen since December 8.

Gold prices rallied to the strongest level in around two months on Monday, as the U.S. dollar moved lower and investors opted to take risk off the table, making the safe haven precious metal.

Prices of the yellow metal touched a session high of $1,219.25 a troy ounce, a level not seen since November 22. At 6:51AM ET (11:51GMT), it was last at $1,212.65, up $7.75, or 0.64%.

Meanwhile, oil prices moved lower on Monday as prospects of rising U.S. production weighed on the market.

Oilfield services provider Baker Hughes said Friday that the number of rigs drilling for oil in the U.S. last week jumped by 29 to 551, the largest weekly increase since a recovery in the rig count began in June and the highest level in around 14 months

U.S. crude futures fell 1.05% to $52.66 by 6:54AM ET (11:54GMT), while Brent oil lost 0.70% to $55.10.

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Top 5 things to watch today

Investing.com - Dollar sinks to 7-week low amid Trump policy uncertainty.
Global stocks slump after Trump's protectionist remarks.
(NYSE:McDonald’s), (NASDAQ:Yahoo) earnings reports ahead.
Gold rallies to 2-month peak as dollar stumbles.
Oil starts the week lower as rising U.S. drilling activity weighs.

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India stocks higher at close of trade; Nifty 50 up 0.50%

Investing.com – India stocks were higher after the close on Monday, as gains in the Metals, Public Sector Undertakings and Oil&Gas sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.50%, while the BSE Sensex 30 index climbed 0.31%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 6.06% or 10.40 points to trade at 182.05 at the close. Meanwhile, Zee Entertainment Enterprises Ltd. (NS:ZEE) added 3.61% or 16.85 points to end at 484.00 and Idea Cellular Ltd (NS:IDEA) was up 2.80% or 2.00 points to 73.50 in late trade.

The worst performers of the session were ICICI Bank Ltd . (NS:ICBK), which fell 2.32% or 6.10 points to trade at 257.35 at the close. Bharti Infratel Limited (NS:BHRI) declined 1.57% or 5.550 points to end at 347.650 and Larsen&Toubro Limited (NS:LART) was down 1.54% or 21.75 points to 1393.00.

The top performers on the BSE Sensex 30 were Gail (India) Ltd. (BO:GAIL) which rose 2.41% to 470.95, Housing Development Finance Corp. (BO:HDFC) which was up 1.77% to settle at 1258.75 and Tata Motors Ltd. (BO:TAMO) which gained 1.72% to close at 532.15.

The worst performers were ICICI Bank Ltd. (BO:ICBK) which was down 2.26% to 257.45 in late trade, Larsen&Toubro Limited (BO:LART) which lost 1.49% to settle at 1393.50 and AXIS Bank Ltd. (BO:AXBK) which was down 1.20% to 445.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 931 to 561 and 73 ended unchanged; on the Bombay Stock Exchange, 1591 rose and 1097 declined, while 165 ended unchanged.

Shares in Gail (India) Ltd. (BO:GAIL) rose to 52-week highs; up 2.41% or 11.10 to 470.95.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 0.73% to 15.9050.

Gold for February delivery was up 0.74% or 8.95 to $1213.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.39% or 0.74 to hit $52.48 a barrel, while the March Brent oil contract fell 1.12% or 0.62 to trade at $54.87 a barrel.

USD/INR was up 0.05% to 68.135, while EUR/INR rose 0.47% to 73.1925.

The US Dollar Index was down 0.49% at 100.28.

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Oil starts the week lower as markets focus on U.S. drilling activity

Investing.com - Oil prices declined during European morning hours on Monday, as prospects of rising U.S. production weighed on the market.

Crude oil for March delivery on the New York Mercantile Exchange shed 26 cents, or around 0.5%, to $52.96 a barrel by 3:50AM ET (08:50GMT).

Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London dipped 15 cents, or about 0.3%, to $55.34 a barrel.

Oilfield services provider Baker Hughes said Friday that the number of rigs drilling for oil in the U.S. last week jumped by 29 to 551, the largest weekly increase since a recovery in the rig count began in June and the highest level in around 14 months.

The data raised concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and demand.

OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.

Ministers said that 1.5 million barrels a day of the roughly 1.8 million in cuts pledged by OPEC and non-OPEC countries have already been taken out of the market.

January 1 marked the official start of the deal agreed by OPEC and non-OPEC member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day to 32.5 million for the next six months.

The deal, if carried out as planned, should reduce global supply by about 2%.

Elsewhere on Nymex, gasoline futures for February ticked down 0.2 cents, or 0.2% to $1.563 a gallon, while February heating oil slipped 0.3 cents, or 0.2%, to $1.642 a gallon.

Natural gas futures for March delivery rose 2.0 cents, or 0.6%, to $3.231 per million British thermal units.

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Global stocks mostly lower as dollar off on Trump

Investing,com - Asia mixed. Shanghai up 0.43%. Nikkei 225 off 1.29% as yen firms to 113 mark.
Europe lower. DAX off 0.96%. FTSE 100 off 0.84% as pound firms to $1.24 level.
U.S. stock index futures lower as Trumps pledged to put "America first."
Oil edges lower after gains on upbeat output cut compliance weekend meeting.
Dollar index broadly weaker on Trump protectionist stance.
Gold higher as dollar slips. U.S. Treasury yields fall.
Copper other industrial metals up as Trump reiterates infrastructure spending plans.

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