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Market Updates

Canada stocks higher at close of trade; S&P/TSX Composite up 0.50%

Investing.com – Canada stocks were higher after the close on Tuesday, as gains in the Consumer Staples, Financials and Telecoms sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 0.50%.

The best performers of the session on the S&P/TSX Composite were Element Fleet Management Corp (TO:EFN), which rose 14.75% or 0.87 points to trade at 6.77 at the close. Meanwhile, Pretium Resources Inc. (TO:PVG) added 8.06% or 0.92 points to end at 12.34 and Boardwalk REIT (TO:BEI_u) was up 4.55% or 2.18 points to 50.06 in late trade.

The worst performers of the session were Aurora Cannabis Inc (TO:ACB), which fell 9.80% or 0.580 points to trade at 5.340 at the close. Aphria Inc (TO:APH) declined 9.54% or 0.920 points to end at 8.720 and Canopy Growth Corp (TO:WEED) was down 8.25% or 2.890 points to 32.150.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 538 to 533 and 129 ended unchanged.

Shares in Boardwalk REIT (TO:BEI_u) rose to 52-week highs; rising 4.55% or 2.18 to 50.06.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was unchanged 0.00% to 12.81.

Gold Futures for December delivery was up 0.22% or 2.60 to $1201.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.01% or 0.01 to hit $67.19 a barrel, while the October Brent oil contract fell 0.03% or 0.02 to trade at $72.59 a barrel.

CAD/USD was up 0.49% to 0.7652, while CAD/EUR rose 1.06% to 0.6744.

The US Dollar Index Futures was up 0.42% at 96.56.

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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.45%

Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the Consumer Services, Financials and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.45%, while the S&P 500 index added 0.64%, and the NASDAQ Composite index added 0.65%.

The best performers of the session on the Dow Jones Industrial Average were Walgreens Boots Alliance Inc (NASDAQ:WBA), which rose 3.28% or 2.18 points to trade at 68.66 at the close. Meanwhile, McDonald’s Corporation (NYSE:MCD) added 1.57% or 2.48 points to end at 160.62 and DowDuPont Inc (NYSE:DWDP) was up 1.46% or 0.97 points to 67.56 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 0.68% or 0.33 points to trade at 48.12 at the close. Johnson&Johnson (NYSE:JNJ) declined 0.57% or 0.74 points to end at 129.48 and Home Depot Inc (NYSE:HD) was down 0.54% or 1.05 points to 193.09.

The top performers on the S&P 500 were Tapestry Inc (NYSE:TPR) which rose 12.01% to 53.16, Advance Auto Parts Inc (NYSE:AAP) which was up 7.78% to settle at 156.11 and Nielsen Holdings (NYSE:NLSN) which gained 5.89% to close at 26.07.

The worst performers were Microchip Technology Incorporated (NASDAQ:MCHP) which was down 3.39% to 84.08 in late trade, Wynn Resorts Limited (NASDAQ:WYNN) which lost 2.79% to settle at 143.87 and Newmont Mining Corporation (NYSE:NEM) which was down 2.05% to 33.94 at the close.

The top performers on the NASDAQ Composite were Wins Finance Holdings Inc (NASDAQ:WINS) which rose 50.82% to 92.00, Truett-Hurst Inc (NASDAQ:THST) which was up 40.00% to settle at 1.960 and Regulus Therapeutics Inc (NASDAQ:RGLS) which gained 33.42% to close at 0.265.

The worst performers were OptiNose (NASDAQ:OPTN) which was down 28.97% to 13.85 in late trade, NF Energy Saving Corporation (NASDAQ:NFEC) which lost 25.47% to settle at 3.9500 and Ability Inc (NASDAQ:ABIL) which was down 24.04% to 4.55 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2179 to 894 and 34 ended unchanged; on the Nasdaq Stock Exchange, 1624 rose and 949 declined, while 130 ended unchanged.

Shares in Advance Auto Parts Inc (NYSE:AAP) rose to 52-week highs; rising 7.78% or 11.27 to 156.11. Shares in Newmont Mining Corporation (NYSE:NEM) fell to 52-week lows; losing 2.05% or 0.71 to 33.94. Shares in OptiNose (NASDAQ:OPTN) fell to all time lows; losing 28.97% or 5.65 to 13.85.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 9.68% to 13.35.

Gold Futures for December delivery was up 0.23% or 2.70 to $1201.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.04% or 0.03 to hit $67.17 a barrel, while the October Brent oil contract fell 0.06% or 0.04 to trade at $72.57 a barrel.

EUR/USD was down 0.57% to 1.1345, while USD/JPY rose 0.44% to 111.19.

The US Dollar Index Futures was up 0.42% at 96.56.

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Colombia stocks higher at close of trade; COLCAP up 0.24%

Investing.com – Colombia stocks were higher after the close on Tuesday, as gains in the Industrials, Investment and Agriculture sectors led shares higher.

At the close in Colombia, the COLCAP added 0.24%.

The best performers of the session on the COLCAP were Avianca Holdings Pf (CN:AVT_p), which rose 1.80% or 40.0 points to trade at 2260.0 at the close. Meanwhile, Ecopetrol SA (CN:ECO) added 1.31% or 40.0 points to end at 3100.0 and Grupoaval (CN:GAA) was up 1.30% or 15.0 points to 1165.0 in late trade.

The worst performers of the session were Conconcret (CN:CIC), which fell 7.69% or 55.0 points to trade at 660.0 at the close. Promigas (CN:PMG) declined 4.52% or 350.0 points to end at 7400.0 and Cemex Latam Holdings SA (CN:CLH) was down 0.56% or 40.0 points to 7160.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 16 to 11 and 3 ended unchanged.

Shares in Conconcret (CN:CIC) fell to 5-year lows; losing 7.69% or 55.0 to 660.0.

US coffee C for September delivery was down 0.60% or 0.64 to $105.28 . Elsewhere in commodities trading, US cocoa for delivery in December rose 0.99% or 21.00 to hit $2146.00 , while the December Gold Futures contract rose 0.23% or 2.70 to trade at $1201.60 a troy ounce.

USD/COP was up 1.04% to 3013.50, while BRL/COP rose 2.10% to 780.76.

The US Dollar Index Futures was up 0.42% at 96.56.

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Metal Prices See Red as Strong Dollar, China Slowdown Fears Limit Demand

Investing.com - Metal prices remained under pressure Tuesday as gold hovered just above $1,200, while copper fell sharply after the dollar printed fresh intraday highs for the year.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by $2.30, or 0.19%, to $1,200.70 a troy ounce.

Gold prices traded in a narrow range as traders appeared reluctant to snap up the metal at 18-month lows, fearing the dollar may have more room for gains after rising near 18-month highs.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.44% to 96.58.

"We see 98 as the dollar index's next likely stopping point," Oppenheimer said in a note to clients Monday.

Gold is sensitive to moves higher in the U.S. dollar. A stronger dollar makes gold more expensive for holders of foreign currency, reducing investor demand for the precious metal.

As well as the dollar rally, a slew of negative data from China, the world's largest commodity consumer, pressured the wider metals market, as worries mounted over a slowdown in the country's economy, which would likely hurt demand for commodities.

Copper prices fell 1.79% to $2.68, while zinc prices fell 1.08% at 2,451.25.

The rout in copper prices was exacerbated by reports that a Union at the world’s largest copper mine, Escondida in Chile, called off a strike planned to start on Tuesday, and extended talks for a day.

Aluminium prices fell 0.33% to 2,069.25, while nickel futures fell 2.08% to 13,525.00.

Silver futures rose 0.45% to $15.05 a troy ounce, while platinum futures rose 0.15% to $800.70.

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Swashbuckling Dollar Powers to Nearly 18-Month Highs as Euro Slumps

Investing.com - The dollar rose against its rivals to an 18-month high Tuesday, supported by a slump in the euro as concerns over Turkey's vulnerable economy persisted despite a rebound in the lira.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.342% to 96.56.

The lira rose more than 7% against the greenback, clawing back some earlier losses suffered on Friday and Monday. But analysts said Turkey was experiencing a "crisis of confidence," warning there may yet be more pain to come.

"In our experience, most confidence issues are not 'one and done'; they often need to get worse before they get better. Furthermore, a crisis of confidence is usually a very fluid and dangerous situation because investor and market sentiment can turn for the worse very quickly," Wells Fargo (NYSE:WFC) said.

Turkey's central bank on Monday said it would provide as much liquidity as necessary, cutting lira and foreign currency reserve requirements for Turkish banks.

That, however, did little stem concerns as analysts continued to questioned Turkey central bank's independence from the government: the biggest issue for most investors.

"The currency [lira] remains in free fall as long as the Turkish central bank's independence from the government is an issue," Commerzbank (DE:CBKG) analysts said.

Concerns about European banks' exposure to Turkey weighed on the euro, lifting the greenback, as the single currency shrugged off data showing faster-than-expected economic growth in the member bloc.

EUR/USD fell 0.61% o $1.1340.

Elsewhere, the dollar was also boosted by an ongoing plunge in the pound as data showed U.K. wage growth slowed amid investors fears that Britain's departure from the European Union will be fractious.

The rebound in the lira saw demand for safe-haven yen and the Swiss franc ease.

USD/JPY rose 0.34% to 111.07, while USD/CHF fell 0.03% to 0.9936.

USD/CAD fell 0.27% to C$1.3099.

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Portugal stocks lower at close of trade; PSI 20 down 0.59%

Investing.com – Portugal stocks were lower after the close on Tuesday, as losses in the Basic Materials, Consumer Services and Industrials sectors led shares lower.

At the close in Lisbon, the PSI 20 lost 0.59% to hit a new 1-month low.

The best performers of the session on the PSI 20 were Corticeira Amorim (LS:CORA), which rose 0.95% or 0.100 points to trade at 10.640 at the close. Meanwhile, CTT Correios de Portugal SA (LS:CTT) added 0.25% or 0.0080 points to end at 3.1640 and EDP Renovaveis (LS:EDPR) was up 0.23% or 0.0200 points to 8.8000 in late trade.

The worst performers of the session were Sonae SGPS SA (LS:YSO), which fell 2.80% or 0.0275 points to trade at 0.9535 at the close. The Navigator Company SA (LS:NVGR) declined 2.30% or 0.1060 points to end at 4.4960 and Semapa (LS:SEM) was down 2.02% or 0.3800 points to 18.4400.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 16 to 14 and 5 ended unchanged.

Brent oil for October delivery was up 0.12% or 0.09 to $72.70 a barrel. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.16% or 0.11 to hit $67.31 a barrel, while the December Gold Futures contract rose 0.21% or 2.50 to trade at $1201.40 a troy ounce.

EUR/USD was down 0.58% to 1.1344, while EUR/GBP fell 0.20% to 0.8919.

The US Dollar Index Futures was up 0.42% at 96.56.

Read More

Spain stocks lower at close of trade; IBEX 35 down 0.25%

Investing.com – Spain stocks were lower after the close on Tuesday, as losses in the Consumer Goods, Financial Services&Real Estate and Consumer Services sectors led shares lower.

At the close in Madrid, the IBEX 35 fell 0.25% to hit a new 1-month low.

The best performers of the session on the IBEX 35 were Cie Automotive (MC:CIEA), which rose 2.97% or 0.740 points to trade at 25.640 at the close. Meanwhile, Ferrovial (MC:FER) added 1.14% or 0.205 points to end at 18.230 and International Consolidated Airlines Group SA (MC:ICAG) was up 0.98% or 0.074 points to 7.650 in late trade.

The worst performers of the session were Mediaset ESP (MC:TL5), which fell 4.39% or 0.288 points to trade at 6.272 at the close. Distribuidora Intl de Aliment (MC:DIDA) declined 3.41% or 0.070 points to end at 1.982 and Merlin Properties SA (MC:MRL) was down 1.73% or 0.21 points to 11.91.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 96 to 73 and 22 ended unchanged.

Shares in Mediaset ESP (MC:TL5) fell to 5-year lows; losing 4.39% or 0.288 to 6.272.

Gold Futures for December delivery was up 0.31% or 3.70 to $1202.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.19% or 0.13 to hit $67.33 a barrel, while the October Brent oil contract rose 0.25% or 0.18 to trade at $72.79 a barrel.

EUR/USD was down 0.60% to 1.1341, while EUR/GBP fell 0.21% to 0.8918.

The US Dollar Index Futures was up 0.44% at 96.58.

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Netherlands stocks higher at close of trade; AEX up 0.05%

Investing.com – Netherlands stocks were higher after the close on Tuesday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher.

At the close in Amsterdam, the AEX added 0.05%.

The best performers of the session on the AEX were Unilever NV DRC (AS:UNc), which rose 0.73% or 0.36 points to trade at 49.52 at the close. Meanwhile, Wolters Kluwer (AS:WLSNc) added 0.70% or 0.38 points to end at 54.60 and Koninklijke Ahold Delhaize NV (AS:AD) was up 0.53% or 0.110 points to 20.800 in late trade.

The worst performers of the session were Altice NV (AS:ATCA), which fell 2.87% or 0.07 points to trade at 2.40 at the close. Koninklijke Vopak NV (AS:VOPA) declined 1.29% or 0.54 points to end at 41.21 and Galapagos NV (AS:GLPG) was down 1.24% or 1.180 points to 93.900.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 63 to 62 and 13 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 0.16% to 13.31.

Crude oil for September delivery was up 0.19% or 0.13 to $67.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.23% or 0.17 to hit $72.78 a barrel, while the December Gold Futures contract rose 0.28% or 3.40 to trade at $1202.30 a troy ounce.

EUR/USD was down 0.61% to 1.1340, while EUR/GBP fell 0.21% to 0.8918.

The US Dollar Index Futures was up 0.45% at 96.59.

Read More

Russia stocks lower at close of trade; MOEX Russia down 0.12%

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

At the close in Moscow, the MOEX Russia declined 0.12%.

The best performers of the session on the MOEX Russia were NOVATEK (MCX:NVTK), which rose 2.97% or 28.50 points to trade at 987.60 at the close. Meanwhile, Moskovskaya Birzha OAO (MCX:MOEX) added 2.28% or 2.28 points to end at 102.37 and Surgut-pref (MCX:SNGS_p) was up 2.03% or 0.735 points to 37.000 in late trade.

The worst performers of the session were X5 Retail Group NV (MCX:FIVEDR), which fell 2.52% or 41.0 points to trade at 1583.0 at the close. Safmar Finansovye Investitsii PAO (MCX:SFIN) declined 2.44% or 16.0 points to end at 639.0 and Unipro (MCX:UPRO) was down 2.33% or 0.0620 points to 2.6010.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 115 to 98 and 14 ended unchanged.

Shares in NOVATEK (MCX:NVTK) rose to all time highs; up 2.97% or 28.50 to 987.60. Shares in X5 Retail Group NV (MCX:FIVEDR) fell to all time lows; down 2.52% or 41.0 to 1583.0. Shares in Surgut-pref (MCX:SNGS_p) rose to 52-week highs; gaining 2.03% or 0.735 to 37.000.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 19.78% to 28.160 a new 3-months high.

Gold Futures for December delivery was up 0.28% or 3.40 to $1202.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.16% or 0.11 to hit $67.31 a barrel, while the October Brent oil contract rose 0.23% or 0.17 to trade at $72.78 a barrel.

USD/RUB was down 1.93% to 66.5045, while EUR/RUB fell 2.55% to 75.4043.

The US Dollar Index Futures was up 0.45% at 96.59.

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U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.39%

Investing.com – U.K. stocks were lower after the close on Tuesday, as losses in the Fixed Line Telecommunications, Life Insurance/Assurance and Mobile Telecommunications sectors led shares lower.

At the close in London, the Investing.com United Kingdom 100 fell 0.39%.

The best performers of the session on the Investing.com United Kingdom 100 were United Utilities Group PLC (LON:UU), which rose 1.59% or 11.80 points to trade at 751.40 at the close. Meanwhile, Severn Trent PLC (LON:SVT) added 1.24% or 24.50 points to end at 1994.50 and Mediclinic International PLC (LON:MDCM) was up 1.17% or 5.50 points to 477.10 in late trade.

The worst performers of the session were Antofagasta PLC (LON:ANTO), which fell 6.97% or 66.40 points to trade at 886.40 at the close. Tui AG (LON:TUIT) declined 2.95% or 45.00 points to end at 1481.50 and Capita PLC (LON:CPI) was down 2.65% or 3.70 points to 135.75.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1149 to 856 and 322 ended unchanged.

Gold Futures for December delivery was up 0.32% or 3.80 to $1202.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.67% or 0.45 to hit $66.75 a barrel, while the October Brent oil contract fell 0.41% or 0.30 to trade at $72.31 a barrel.

GBP/USD was down 0.43% to 1.2715, while EUR/GBP fell 0.22% to 0.8917.

The US Dollar Index Futures was up 0.46% at 96.60.

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Poland stocks higher at close of trade; WIG30 up 0.50%

Investing.com – Poland stocks were higher after the close on Tuesday, as gains in the Oil&Gas, Construction and Energy sectors led shares higher.

At the close in Warsaw, the WIG30 gained 0.50%.

The best performers of the session on the WIG30 were LPP SA (WA:LPPP), which rose 4.21% or 365.00 points to trade at 9040.00 at the close. Meanwhile, Jastrzebska Spotka Weglowa SA (WA:JSW) added 3.59% or 2.72 points to end at 78.46 and Polski Koncern Naftowy ORLEN SA (WA:PKN) was up 2.81% or 2.69 points to 98.25 in late trade.

The worst performers of the session were Play Communications SA (WA:PLY), which fell 3.41% or 0.72 points to trade at 20.38 at the close. Eurocash SA (WA:EUR) declined 2.47% or 0.45 points to end at 17.80 and Bank Zachodni WBK SA (WA:BZW) was down 1.92% or 6.80 points to 347.40.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 239 to 216 and 177 ended unchanged.

Shares in Play Communications SA (WA:PLY) fell to all time lows; losing 3.41% or 0.72 to 20.38. Shares in Eurocash SA (WA:EUR) fell to 5-year lows; losing 2.47% or 0.45 to 17.80.

Crude oil for September delivery was down 0.21% or 0.14 to $67.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.04% or 0.03 to hit $72.58 a barrel, while the December Gold Futures contract rose 0.38% or 4.60 to trade at $1203.50 a troy ounce.

EUR/PLN was up 0.03% to 4.3068, while USD/PLN rose 0.55% to 3.7960.

The US Dollar Index Futures was up 0.40% at 96.54.

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Turkey stocks higher at close of trade; BIST 100 up 0.79%

Investing.com – Turkey stocks were higher after the close on Tuesday, as gains in the Leasing&Factoring, Sports and Technology sectors led shares higher.

At the close in Istanbul, the BIST 100 gained 0.79%.

The best performers of the session on the BIST 100 were Yatas Yatak ve Yorgan Sanayi Ticaret AS (IS:YATAS), which rose 20.00% or 0.660 points to trade at 3.960 at the close. Meanwhile, Kartonsan Karton Sanayi ve Ticaret AS (IS:KARTN) added 11.76% or 32.30 points to end at 307.00 and Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IS:EKGYO) was up 10.56% or 0.170 points to 1.780 in late trade.

The worst performers of the session were Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI), which fell 9.06% or 2.24 points to trade at 22.48 at the close. ENKA Insaat ve Sanayi AS (IS:ENKAI) declined 7.62% or 0.400 points to end at 4.850 and Petkim Petrokimya Holding AS (IS:PETKM) was down 7.59% or 0.470 points to 5.720.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 344 to 52 and 13 ended unchanged.

Shares in Mavi Giyim Sanayi Ve Ticaret AS (IS:MAVI) fell to all time lows; losing 9.06% or 2.24 to 22.48.

Gold Futures for December delivery was up 0.38% or 4.50 to $1203.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.19% or 0.13 to hit $67.33 a barrel, while the October Brent oil contract rose 0.30% or 0.22 to trade at $72.83 a barrel.

USD/TRY was down 6.08% to 6.4694, while EUR/TRY fell 6.56% to 7.3449.

The US Dollar Index Futures was up 0.38% at 96.53.

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Oil Prices Rise on Saudi Production Cut, U.S. Inventory Data on Tap

Investing.com - Oil prices traded higher on Tuesday as Saudi Arabia cut production by more than originally thought and traders awaited weekly data on U.S. output.

New York-traded West Texas Intermediate crude futures gained 36 cents, or 0.54% to $67.56 a barrel by 11:20 AM ET (15:20 GMT).

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., rose 42 cents, or 0.58%, to $73.03.

Reports on Tuesday indicated that Saudi Arabia communicated to the Organization of Petroleum Exporting Countries that it had reduced output by 200,000 barrels per day (bpd) in July to 10.29 million bdp, despite a June agreement with the cartel to increase production in order to cover shortfalls from outages and sanctions on Iran.

In its monthly report, OPEC, using secondary sources, had calculated Monday that the kingdom’s daily production was a higher 10.39 million barrels last month.

Investors will also be keeping an eye on supplies stateside as the American Petroleum Institute releases its weekly stockpiles numbers later on Tuesday.

Official crude inventory data from the Energy Information Administration will be released on Wednesday amid expectations for a drawdown of 2.667 million barrels.

In other energy trading, gasoline futures advanced 0.70% to $2.0412 a gallon by 11:21 AM ET (15:21 GMT), while heating oil gained 0.36% to $2.1448 a gallon.

Lastly, natural gas futures traded up 1.40% to $2.971 per million British thermal units.

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Greece stocks lower at close of trade; Athens General Composite down 0.05%

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

At the close in Athens, the Athens General Composite fell 0.05% to hit a new 6-months low.

The best performers of the session on the Athens General Composite were Selonda Aquaculture SA (AT:SELr), which rose 7.95% or 0.0072 points to trade at 0.0978 at the close. Meanwhile, Motor Oil Hellas Corinth Refineries SA (AT:MORr) added 7.03% or 1.26 points to end at 19.18 and K.L.M. (AT:KLUr) was up 6.38% or 0.042 points to 0.700 in late trade.

The worst performers of the session were Sarantiseg (AT:SRSr), which fell 5.00% or 0.36 points to trade at 6.84 at the close. Fourlis Hld (AT:FRLr) declined 4.40% or 0.240 points to end at 5.210 and Techn Olympic (AT:OLYr) was down 3.46% or 0.065 points to 1.815.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 45 to 42 and 16 ended unchanged.

Gold Futures for December delivery was up 0.48% or 5.70 to $1204.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.77% or 0.52 to hit $67.72 a barrel, while the October Brent oil contract rose 0.77% or 0.56 to trade at $73.17 a barrel.

EUR/USD was down 0.36% to 1.1369, while EUR/GBP fell 0.28% to 0.8912.

The US Dollar Index Futures was up 0.20% at 96.35.

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Gold Rallies as Dollar Softens and Turkish Lira Recovers

Investing.com - Gold prices recovered from an 18-month low on Tuesday, as the U.S. dollar softened, .

Comex gold futures for August delivery rose 0.47% to $1,204.50 a troy ounce as of 10:37 AM ET (14:37 GMT).

Gold fell to an 18-month low on Monday, after economic turmoil in Turkey caused the Turkish lira to plunge to an all-time low of 7.1289. The lira recovered on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown that led to a global sell-off in equities.

The struggling currency sank on Monday amid growing concerns over a deepening diplomatic rift with the United States over Ankara's detention of Andrew Brunson, an American pastor detained in 2016.

Turkish Finance Minister Berat Albayrak is expected to have a conference call with investors from the U.S., Europe and the Middle East on Thursday, his first since assuming the post almost two months ago.

The precious metal was also bolstered by a softer greenback. Gold usually falls as the dollar rises, as it is denominated in the U.S. currency and is sensitive to moves in the dollar.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.09% to 96.25.

Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls.

Other metals were mostly up on the Comex, with silver futures rising 0.55% to $15.065 a troy ounce. Among other precious metals, platinum futures rose 0.60% to $804.30 while palladium futures increased 0.61% to $886.40 an ounce. Copper futures slumped 1.43% to $2.693 a pound.

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U.S. Import Prices Unexpectedly Stagnate in July; Export Prices Decline

Investing.com - U.S. import prices unexpectedly showed no change in July while export prices unexpectedly fell, official data showed on Tuesday.

In a report, the U.S. Bureau of Labor Statistics said import prices showed no change last month.

Economists were looking for a 0.1% advance.

Import prices dropped by 0.1% in June, revised from an initial 0.4% decline.

Year-on-year, import prices increased 4.8% in July.

That was higher than the consensus forecast of 4.6% increase and the previous month’s 4.3% rise.

Meanwhile, export prices decreased by a seasonally adjusted 0.5% in July.

Analysts had forecast a 0.2% gain.

Export prices increased 4.3% last month from a year ago, above the consensus forecast for a 4.2% advance.

Export prices gained 5.3% in June.

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Stocks - Home Depot Jumps in Pre-market; Apple Gains; Switch Crashes

Investing.com - Stocks in focus in pre-market trade Tuesday:

Home Depot (NYSE:HD) stock jumped 2.15% by 8:01 AM ET (12:01 GMT) after the company reported better-than-expected second-quarter results and lifted its full-year guidance for both revenue and same-store sales.

Switch (NYSE:SWCH) stock crashed 24.77% after the company reported second-quarter results that missed estimates and cut its full-year sales outlook.

• Apple (NASDAQ:AAPL) stock gained 0.54%, unfazed by threats from Turkish President Tayyip Erdogan that his country will boycott electronic products from the U.S., including iPhones, in retaliation for recent sanctions and tariffs.

• Coca-Cola (NYSE:KO) stock could garner attention in Tuesday’s session as the company said it is buying a minority stake in BodyArmor, the sports drink startup backed by Kobe Bryant and other athletes.

Advance Auto Parts (NYSE:AAP) stock jumped 6.36% after the company reported better-than-expected quarterly earnings.

• Williams Companies (NYSE:WMB) stock could see movement in Tuesday’s regular session after the company received regulatory approval for the expansion of its existing Transco natural gas pipeline to meet the growing heating and power generation demand for northeastern consumers.

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Stocks- U.S. Futures Rise as Investors Shrug Off Turkey’s Economic Woes

Investing.com – U.S. futures were higher on Tuesday as investors shrugged off economic uncertainty in Turkey.

The S&P 500 futures rose 11 points, or 0.39%, to 2,836.50 as of 6:45 AM ET (10:45 GMT) while Dow futures were up 97 points, or 0.38%, to 25,312.0. Meanwhile tech heavy Nasdaq 100 futures increased 39 points, or 0.53%,to 7,456.25.

The Turkish lira rallied on Tuesday, breaking a 5-day losing streak after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.

The struggling currency sank to an all-time low of 7.1289 on Monday amid growing concern over a deepening diplomatic rift with the United States over Ankara's detention of Andrew Brunson, an American pastor detained in 2016.

Retail earnings will be in focus this week, as earnings season draws to a close. Macy's (NYSE:M) reports on Wednesday; and Walmart (NYSE:WMT), the world’s largest retailer, is due to report results on Thursday.

Facebook (NASDAQ:FB) was among the top gainers in pre-market trading, rising 0.50% while Intel (NASDAQ:INTC) surged 0.93% and Microsoft (NASDAQ:MSFT) increased 0.71%. Home Depot (NYSE:HD) jumped 2.04% after its earnings came in higher than expected.

Elsewhere Chinese e-commerce company Jd.Com Inc Adr (NASDAQ:JD) was down 0.20% while Rio Tinto ADR (NYSE:RIO) (LON:RIO) fell 1.19%.

In Europe stocks were higher. Germany’s DAX rose 41 points or 0.33% while in France the CAC 40 increased 16 points or 0.30% and in London, the FTSE 100 was up 3 points or 0.04%. Meanwhile the pan-European Euro Stoxx 50 gained 10 points or 0.32% while Spain’s IBEX 35 inched up 17 points or 0.18%.

In commodities, gold futures rose 0.27% to $1,202.10 a troy ounce while crude oil futures surged 0.97% to $67.85 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, fell 0.05% to 96.11.

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India stocks higher at close of trade; Nifty 50 up 0.70%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Healthcare, Real Estate and Banking sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.70%, while the BSE Sensex 30 index added 0.55%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 7.39% or 41.70 points to trade at 601.80 at the close. Meanwhile, Yes Bank Ltd (NS:YESB) added 3.45% or 12.80 points to end at 382.50 and Lupin Ltd (NS:LUPN) was up 3.30% or 26.80 points to 836.75 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 2.64% or 16.50 points to trade at 610.45 at the close. Hero MotoCorp Ltd (NS:HROM) declined 1.26% or 41.80 points to end at 3266.35 and Larsen&Toubro Ltd (NS:LART) was down 1.22% or 15.45 points to 1253.25.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 6.91% to 601.65, Yes Bank Ltd (BO:YESB) which was up 2.87% to settle at 381.75 and ICICI Bank Ltd (BO:ICBK) which gained 2.17% to close at 332.30.

The worst performers were Hero MotoCorp Ltd (BO:HROM) which was down 1.29% to 3263.00 in late trade, Larsen&Toubro Ltd (BO:LART) which lost 1.19% to settle at 1253.50 and Adani Port and Special Economic Zone Ltd (BO:APSE) which was down 1.03% to 373.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 813 to 774 and 77 ended unchanged; on the Bombay Stock Exchange, 1339 fell and 1260 advanced, while 138 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 52-week highs; up 7.39% or 41.70 to 601.80. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; up 6.91% or 38.90 to 601.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.88% to 13.2825.

Gold Futures for December delivery was up 0.25% or 3.00 to $1201.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.82% or 0.55 to hit $67.75 a barrel, while the October Brent oil contract rose 0.88% or 0.64 to trade at $73.25 a barrel.

USD/INR was down 0.11% to 69.876, while EUR/INR fell 0.22% to 79.7170.

The US Dollar Index Futures was down 0.01% at 96.15.

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Euro Zone Second Quarter GDP Rises 0.4%, Beating Consensus

Investing.com – Gross domestic product (GDP) in the euro zone registered stronger-than-expected growth in the second quarter, according to official data released on Tuesday.

In a report, Eurostat said that GDP rose a seasonally adjusted 0.4% in the April to June period.

Economists had expected growth to remain unchanged at the initial 0.3% advance.

Year-on-year, GDP in the single currency bloc rose 2.2% in the second quarter.

That also beat expectations for it to go unrevised at the initial 2.1% expansion.

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Japan stocks higher at close of trade; Nikkei 225 up 2.28%

Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Insurance, Communication and Retail sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 2.28%.

The best performers of the session on the Nikkei 225 were Furukawa Co., Ltd. (T:5715), which rose 5.31% or 90.0 points to trade at 1785.0 at the close. Meanwhile, Suzuki Motor Corp. (T:7269) added 5.12% or 367.0 points to end at 7530.0 and Keio Corp. (T:9008) was up 4.64% or 240.0 points to 5410.0 in late trade.

The worst performers of the session were SUMCO Corp. (T:3436), which fell 2.21% or 47.0 points to trade at 2082.0 at the close. Kobe Steel, Ltd. (T:5406) declined 1.58% or 15.5 points to end at 965.0 and Pioneer Corp. (T:6773) was down 1.50% or 2.0 points to 131.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2696 to 719 and 185 ended unchanged.

Shares in Suzuki Motor Corp. (T:7269) rose to all time highs; gaining 5.12% or 367.0 to 7530.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 16.99% to 18.94 a new 1-month high.

Crude oil for September delivery was up 1.03% or 0.69 to $67.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.95% or 0.69 to hit $73.30 a barrel, while the December Gold Futures contract rose 0.27% or 3.20 to trade at $1202.10 a troy ounce.

USD/JPY was up 0.35% to 111.09, while EUR/JPY rose 0.30% to 126.73.

The US Dollar Index Futures was unchanged 0.00% at 96.16.

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Turkish Lira Rebounds 8% As Risk Sentiment Returns

Investing.com - The Turkish lira rallied on Tuesday, as the currency found its footing following two days of intense selling after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.

The lira rose by as much as 8% to 6.4172 against the dollar, before pulling back slightly to 6.4250, still up 6.7% for the day (USD/TRY).

Investors were also comforted by news that Finance Minister Berat Albayrak would hold a conference call with investors from the U.S., Europe and the Middle East on Thursday, his first since assuming the post almost two months ago.

The struggling currency sank to an all-time low of 7.1289 on Monday amid growing concern over a deepening diplomatic rift with the United States over Ankara's detention of Andrew Brunson, an American pastor detained in 2016.

Turkish authorities accuse Brunson of supporting a failed coup attempt earlier that year.

Worries about President Tayyip Erdogan's growing influence over the economy, and his reluctance to raise interest rates despite rising inflation have also weighed on the lira, which is down almost 70% this year.

Other emerging market currencies also enjoyed a bounce, with South Africa’s rand and Russia’s ruble trading higher.

Meanwhile, the euro inched up 0.1% against the dollar to 1.1420, having fallen to a 13-month low of 1.1365 on Monday.

The drop in the euro came amid worries that Turkey's economic woes could hit European banks.

Elsewhere, the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.1% to 96.06, after climbing to a 13-month high of 96.39 on Monday.

The yen was lower against the dollar, with USD/JPY rising 0.4% to trade at 111.10, off a 1-1/2-month low of 110.10 touched on Monday.

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China stocks lower at close of trade; Shanghai Composite down 0.17%

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Real Estate Investments&Services, Software&Computer Services and Technology sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.17%, while the SZSE Component index declined 0.68%.

The best performers of the session on the Shanghai Composite were Hunan Corun New Energy Co Ltd (SS:600478), which rose 10.04% or 0.450 points to trade at 4.930 at the close. Meanwhile, Nancal Energy-Saving Technology Co Ltd (SS:603859) added 10.02% or 1.700 points to end at 18.670 and Huali Industries Co Ltd (SS:603038) was up 9.98% or 1.87 points to 20.60 in late trade.

The worst performers of the session were Hainan HNA Infrastructure Investment Group Co Ltd (SS:600515), which fell 9.96% or 1.000 points to trade at 9.040 at the close. Shanghai Xintonglian Packaging Co Ltd (SS:603022) declined 5.21% or 0.500 points to end at 9.100 and PNC Process Systems Co Ltd (SS:603690) was down 5.17% or 1.20 points to 22.00.

The top performers on the SZSE Component were Guangdong Eastone Century Technology Co Ltd (SZ:300310) which rose 10.04% to 5.81, Shanxi Meijin Energy Co Ltd (SZ:000723) which was up 9.97% to settle at 4.19 and Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) which gained 9.95% to close at 6.41.

The worst performers were Harbin Gloria Pharmaceuticals (SZ:002437) which was down 10.05% to 5.01 in late trade, Jiuzhitang Co Ltd (SZ:000989) which lost 4.73% to settle at 13.48 and Zhejiang Sanhua Co Ltd (SZ:002050) which was down 4.45% to 13.52 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 685 to 655 and 90 ended unchanged.

Shares in Hainan HNA Infrastructure Investment Group Co Ltd (SS:600515) fell to 3-years lows; falling 9.96% or 1.000 to 9.040. Shares in Harbin Gloria Pharmaceuticals (SZ:002437) fell to 5-year lows; down 10.05% or 0.56 to 5.01. Shares in Zhejiang Sanhua Co Ltd (SZ:002050) fell to 52-week lows; losing 4.45% or 0.63 to 13.52.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.77.

Gold Futures for December delivery was up 0.16% or 1.90 to $1200.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.86% or 0.58 to hit $67.78 a barrel, while the October Brent oil contract rose 0.85% or 0.62 to trade at $73.23 a barrel.

USD/CNY was down 0.07% to 6.8852, while EUR/CNY fell 0.02% to 7.8594.

The US Dollar Index Futures was down 0.03% at 96.13.

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