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Market Updates

EOS Falls 10.15% In Rout

Investing.com - EOS was trading at $5.4531 by 21:06 (01:06 GMT) on the Investing.com Index on Tuesday, down 10.15% on the day. It was the largest one-day percentage loss since September 17.

The move downwards pushed EOS's market cap down to $5.00B, or 2.34% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.53B.

EOS had traded in a range of $5.4412 to $5.6758 in the previous twenty-four hours.

Over the past seven days, EOS has seen a rise in value, as it gained 13.31%. The volume of EOS traded in the twenty-four hours to time of writing was $669.56M or 4.89% of the total volume of all cryptocurrencies. It has traded in a range of $4.93 to $6.29 in the past 7 days.

At its current price, EOS is still down 76.27% from its all-time high of $22.98 set on April 29.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,478.4 on the Investing.com Index, down 3.42% on the day.

Ethereum was trading at $224.52 on the Investing.com Index, a loss of 9.56%.

Bitcoin's market cap was last at $113.07B or 52.99% of the total cryptocurrency market cap, while Ethereum's market cap totaled $23.05B or 10.80% of the total cryptocurrency market value.

Read More

Peru stocks lower at close of trade; S&P Lima General down 0.18%

Investing.com – Peru stocks were lower after the close on Monday, as losses in the Banking&Financials, Industrials and Electricity sectors led shares lower.

At the close in Lima, the S&P Lima General lost 0.18%.

The best performers of the session on the S&P Lima General were Aceros Arequip (LM:AREi), which rose 2.98% or 0.020 points to trade at 0.690 at the close. Meanwhile, Backus Johnsto (LM:BKJi) added 2.98% or 0.650 points to end at 22.450 and Atacocha (LM:ATB) was up 2.19% or 0.009 points to 0.419 in late trade.

The worst performers of the session were Andino Investment Holding SAA (LM:AIH), which fell 6.93% or 0.067 points to trade at 0.900 at the close. Sociedad Minera el Brocal SAA (LM:BRO) declined 6.91% or 0.450 points to end at 6.060 and Candente Copper (LM:DNT) was down 5.26% or 0.0030 points to 0.0540.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 14 to 8 and 12 ended unchanged.

Shares in Sociedad Minera el Brocal SAA (LM:BRO) fell to 52-week lows; down 6.91% or 0.450 to 6.060.

Crude oil for November delivery was up 2.08% or 1.47 to $72.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.01% or 0.01 to hit $80.72 a barrel, while the December Gold Futures contract rose 0.17% or 2.10 to trade at $1203.40 a troy ounce.

USD/PEN was up 0.04% to 3.2967, while EUR/PEN fell 0.11% to 3.8732.

The US Dollar Index Futures was up 0.06% at 93.85.

Read More

Canada stocks lower at close of trade; S&P/TSX Composite down 0.32%

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Telecoms, Consumer Discretionary and Industrials sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.32%.

The best performers of the session on the S&P/TSX Composite were Baytex Energy Corp (TO:BTE), which rose 10.84% or 0.38 points to trade at 3.83 at the close. Meanwhile, Gran Tierra Energy Inc (TO:GTE) added 8.31% or 0.370 points to end at 4.820 and Paramount Resources Ltd . (TO:POU) was up 6.84% or 0.91 points to 14.22 in late trade.

The worst performers of the session were New Gold Inc (TO:NGD), which fell 16.28% or 0.210 points to trade at 1.080 at the close. First Quantum Minerals Ltd . (TO:FM) declined 7.10% or 1.22 points to end at 15.96 and MacDonald Dettwiler and Associates Ltd (TO:MAXR) was down 5.46% or 2.60 points to 45.06.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 571 to 506 and 151 ended unchanged.

Shares in Gran Tierra Energy Inc (TO:GTE) rose to 3-years highs; rising 8.31% or 0.370 to 4.820.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 3.05% to 13.17.

Gold Futures for December delivery was up 0.16% or 1.90 to $1203.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.08% or 1.47 to hit $72.25 a barrel, while the December Brent oil contract rose 3.20% or 2.50 to trade at $80.74 a barrel.

CAD/USD was down 0.22% to 0.7725, while CAD/EUR fell 0.26% to 0.6572.

The US Dollar Index Futures was up 0.04% at 93.83.

Read More

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.68%

Investing.com – U.S. stocks were mixed after the close on Monday, as gains in the Oil&Gas, Technology and Healthcare sectors led shares higher while losses in the Consumer Goods, Basic Materials and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.68%, while the S&P 500 index declined 0.35%, and the NASDAQ Composite index climbed 0.08%.

The best performers of the session on the Dow Jones Industrial Average were Walt Disney Company (NYSE:DIS), which rose 2.15% or 2.37 points to trade at 112.77 at the close. Meanwhile, Exxon Mobil Corp (NYSE:XOM) added 1.68% or 1.43 points to end at 86.60 and Apple Inc (NASDAQ:AAPL) was up 1.44% or 3.13 points to 220.79 in late trade.

The worst performers of the session were DowDuPont Inc (NYSE:DWDP), which fell 2.14% or 1.49 points to trade at 68.20 at the close. Home Depot Inc (NYSE:HD) declined 2.07% or 4.40 points to end at 207.99 and Procter&Gamble Company (NYSE:PG) was down 1.81% or 1.55 points to 84.27.

The top performers on the S&P 500 were Edwards Lifesciences Corporation (NYSE:EW) which rose 7.67% to 165.47, Alexion Pharmaceuticals Inc (NASDAQ:ALXN) which was up 5.34% to settle at 128.51 and Chesapeake Energy Corporation (NYSE:CHK) which gained 5.18% to close at 4.670.

The worst performers were Michael Kors Holdings Limited (NYSE:KORS) which was down 8.23% to 66.71 in late trade, Newell Brands Inc (NYSE:NWL) which lost 6.36% to settle at 20.45 and Comcast Corp (NASDAQ:CMCSA) which was down 5.99% to 35.63 at the close.

The top performers on the NASDAQ Composite were Amarin Corporation PLC (NASDAQ:AMRN) which rose 314.72% to 12.400, SAExploration Holdings Inc (NASDAQ:SAEX) which was up 284.34% to settle at 28.710 and TMSR Holding Company Ltd (NASDAQ:TMSR) which gained 65.00% to close at 3.30.

The worst performers were Altimmune Inc (NASDAQ:ALT) which was down 46.93% to 13.900 in late trade, Astrotech Corp (NASDAQ:ASTC) which lost 40.43% to settle at 3.330 and Cool Holdings Inc (NASDAQ:AWSM) which was down 36.37% to 12.090 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2078 to 989 and 101 ended unchanged; on the Nasdaq Stock Exchange, 1539 fell and 1073 advanced, while 102 ended unchanged.

Shares in Edwards Lifesciences Corporation (NYSE:EW) rose to all time highs; gaining 7.67% or 11.79 to 165.47. Shares in Newell Brands Inc (NYSE:NWL) fell to 5-year lows; losing 6.36% or 1.39 to 20.45. Shares in Amarin Corporation PLC (NASDAQ:AMRN) rose to 5-year highs; up 314.72% or 9.410 to 12.400.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.62% to 12.22.

Gold Futures for December delivery was up 0.16% or 1.90 to $1203.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.08% or 1.47 to hit $72.25 a barrel, while the December Brent oil contract rose 3.17% or 2.48 to trade at $80.72 a barrel.

EUR/USD was up 0.02% to 1.1751, while USD/JPY rose 0.16% to 112.78.

The US Dollar Index Futures was up 0.04% at 93.83.

Read More

Colombia stocks higher at close of trade; COLCAP up 0.63%

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

At the close in Colombia, the COLCAP rose 0.63%.

The best performers of the session on the COLCAP were Ecopetrol SA (CN:ECO), which rose 5.84% or 215.0 points to trade at 3895.0 at the close. Meanwhile, Banco De Bogota SA (CN:BBO) added 3.03% or 2000.0 points to end at 68000.0 and Cementos Argos Pf (CN:CCB_p) was up 3.00% or 190.0 points to 6520.0 in late trade.

The worst performers of the session were Pfgrupoarg (CN:ARG_p), which fell 5.33% or 800.0 points to trade at 14200.0 at the close. Avianca Holdings Pf (CN:AVT_p) declined 4.60% or 105.0 points to end at 2180.0 and Corporacion Financiera Colombiana SA (CN:CFV) was down 3.64% or 840.0 points to 22220.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 13 to 13 and 5 ended unchanged.

Shares in Pfgrupoarg (CN:ARG_p) fell to 52-week lows; losing 5.33% or 800.0 to 14200.0.

US coffee C for December delivery was down 1.80% or 1.80 to $97.95 . Elsewhere in commodities trading, US cocoa for delivery in December rose 2.94% or 63.50 to hit $2224.00 , while the December Gold Futures contract rose 0.17% or 2.00 to trade at $1203.30 a troy ounce.

USD/COP was down 0.05% to 3002.00, while BRL/COP fell 0.96% to 734.60.

The US Dollar Index Futures was up 0.04% at 93.83.

Read More

Stocks - Dow Delivers Triple-Digit Loss Amid Washington Turmoil, Trade Concerns

Investing.com - The Dow posted a triple-digit loss Monday as turmoil in Washington and trade tensions reined in investor appetite for stocks.

The Dow Jones Industrial Average fell about 0.68%. The S&P 500 fell 0.35%, while the Nasdaq Composite rose 0.08%.

Downward spirals in trade-sensitive sectors like materials and industrials symbolized investor fears Monday about an escalating U.S.-China trade war, which entered a new chapter as a fresh round of tariffs came into effect.

Boeing (NYSE:BA), Caterpillar (NYSE:CAT) and 3M (NYSE:MMM), all of which have huge international exposure, fell about 1% each.

The United States' 10% tariffs on $200 billion worth of Chinese goods and China's tariffs on $60 billion worth of U.S. goods got underway Monday.

Investor fears on trade were further exacerbated after China hit back at President Donald Trump and his "America First" agenda, which Beijing argued was hurting international trade relationships.

Beyond trade, stocks were also knocked by fresh turmoil in Washington amid conflicting reports concerning the future of Deputy Attorney General Rod Rosenstein in the wake of a report that he considered possibly recording and removing Trump.

The White House late Monday said, however, that Rosenstein and Trump had had an extended conversation to discuss the recent news stories and will be meeting on Thursday.

Stocks fell sharply intraday after Axios said in a report, citing sources with direct knowledge, that Rosenstein had verbally resigned to Chief of Staff John Kelly in anticipation of being fired by Trump.

Still, losses were limited by gains in energy as oil prices surged to four-year highs after major oil producers stood pat on output plans at a key meeting over the weekend, refusing to give in to a recent demand to find a way to lower oil prices from Trump.

On the New York Mercantile Exchange, crude futures for November delivery rose $1.30 to settle at $72.08 a barrel.

In the midst of selling pressure on Wall Street, investors found reason to cheer as ongoing merger activity offered some solace, though there was plenty of ugly to go around as General Electric (NYSE:GE) hit a nine-year low.

Sirius XM (NASDAQ:SIRI) stock closed down 10% after it agreed to buy Pandora in a stock deal valued at $3.5 billion.

Sirius XM's sizable holding of Pandora's preferred stock made the potential acquisition inevitable, though the deal was cheaper and arrived sooner than expected, according to JPMorgan.

GE (NYSE:GE) stock hit a low of $11.60 intraday on concerns about the company's power business.

Top S&P 500 Gainers and Losers Today:

ABIOMED (NASDAQ:ABMD), Edwards Lifesciences (NYSE:EW) and Alexion Pharmaceuticals (NASDAQ:ALXN) were among the top S&P 500 gainers for the session.

Michael Kors (NYSE:KORS), Newell Brands (NYSE:NWL) and Comcast (NASDAQ:CMCSA) were among the worst S&P 500 performers of the session.

Read More

Nigeria stocks lower at close of trade; NSE 30 down 0.39%

Investing.com – Nigeria stocks were lower after the close on Monday, as losses in the Oil&Gas, Food, Beverages&Tobacco and Insurance sectors led shares lower.

At the close in Lagos, the NSE 30 lost 0.39%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 4.65% or 2.00 points to trade at 45.50 at the close. Meanwhile, Dangsugar (LAGOS:DANGSUG) added 1.70% or 0.25 points to end at 14.95 and Guaranty Bnk (LAGOS:GUARANT) was up 1.59% or 0.55 points to 35.30 in late trade.

The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 9.48% or 0.55 points to trade at 5.25 at the close. Guiness Nig (LAGOS:GUINNES) declined 5.74% or 5.05 points to end at 82.95 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 3.38% or 0.25 points to 7.15.

Falling stocks outnumbered advancing ones on the Lagos by 50 to 27 and 18 ended unchanged.

Shares in Guiness Nig (LAGOS:GUINNES) fell to 52-week lows; falling 5.74% or 5.05 to 82.95.

Crude oil for November delivery was up 1.68% or 1.19 to $71.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.49% or 1.95 to hit $80.19 a barrel, while the December Gold Futures contract rose 0.29% or 3.50 to trade at $1204.80 a troy ounce.

EUR/NGN was up 0.15% to 427.620, while USD/NGN rose 0.28% to 363.500.

The US Dollar Index Futures was down 0.04% at 93.75.

Read More

Morocco stocks lower at close of trade; Moroccan All Shares down 0.50%

Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Transport, Construction&Building Materials and Insurance sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.50%.

The best performers of the session on the Moroccan All Shares were Delta Holding S.A (CS:DHO), which rose 4.80% or 1.58 points to trade at 34.48 at the close. Meanwhile, Salafin (CS:SLF) added 4.17% or 40 points to end at 1000 and Disway SA (CS:DWY) was up 2.80% or 10.95 points to 402.00 in late trade.

The worst performers of the session were Ciments Du Maroc (CS:SCM), which fell 4.83% or 71 points to trade at 1400 at the close. Colorado (CS:COL) declined 4.10% or 2.99 points to end at 70.00 and Stokvis Nord Afrique (CS:SNA) was down 2.83% or 0.35 points to 12.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 18 to 12 and 9 ended unchanged.

Shares in Ciments Du Maroc (CS:SCM) fell to 52-week lows; down 4.83% or 71 to 1400. Shares in Stokvis Nord Afrique (CS:SNA) fell to all time lows; losing 2.83% or 0.35 to 12.00.

Crude oil for November delivery was up 1.84% or 1.30 to $72.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.49% or 1.95 to hit $80.19 a barrel, while the December Gold Futures contract rose 0.29% or 3.50 to trade at $1204.80 a troy ounce.

EUR/MAD was up 0.02% to 11.0020, while USD/MAD fell 0.12% to 9.3485.

The US Dollar Index Futures was down 0.05% at 93.74.

Read More

Portugal stocks higher at close of trade; PSI 20 up 0.29%

Investing.com – Portugal stocks were higher after the close on Monday, as gains in the Utilities, Industrials and Financials sectors led shares higher.

At the close in Lisbon, the PSI 20 added 0.29%.

The best performers of the session on the PSI 20 were Galp Energia Nom (LS:GALP), which rose 2.16% or 0.3550 points to trade at 16.7800 at the close. Meanwhile, Altri SGPS (LS:ALSS) added 1.72% or 0.1400 points to end at 8.3000 and Semapa (LS:SEM) was up 1.29% or 0.2200 points to 17.3200 in late trade.

The worst performers of the session were Mota Engil (LS:MOTA), which fell 2.12% or 0.0450 points to trade at 2.0750 at the close. Corticeira Amorim (LS:CORA) declined 1.89% or 0.220 points to end at 11.420 and Sonae Capital (LS:SONAC) was down 1.70% or 0.0130 points to 0.7530.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 20 to 13 and 2 ended unchanged.

Shares in Mota Engil (LS:MOTA) fell to 52-week lows; down 2.12% or 0.0450 to 2.0750. Shares in Sonae Capital (LS:SONAC) fell to 52-week lows; losing 1.70% or 0.0130 to 0.7530.

Brent oil for December delivery was up 2.75% or 2.15 to $80.39 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.16% or 1.53 to hit $72.31 a barrel, while the December Gold Futures contract rose 0.32% or 3.80 to trade at $1205.10 a troy ounce.

EUR/USD was up 0.16% to 1.1768, while EUR/GBP fell 0.03% to 0.8966.

The US Dollar Index Futures was down 0.09% at 93.71.

Read More

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.69%

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

At the close in Copenhagen, the OMX Copenhagen 20 fell 0.69%.

The best performers of the session on the OMX Copenhagen 20 were Lundbeck A/S (CO:LUN), which rose 1.63% or 6.2 points to trade at 387.4 at the close. Meanwhile, Tryg A/S (CO:TRYG) added 0.68% or 1.1 points to end at 161.7 and Oersted A/S (CO:ORSTED) was up 0.53% or 2.20 points to 419.20 in late trade.

The worst performers of the session were Chr. Hansen Holding A/S (CO:CHRH), which fell 3.03% or 19.4 points to trade at 621.2 at the close. FLSmidth&Co. (CO:FLS) declined 2.41% or 9.6 points to end at 388.7 and Danske Bank A/S (CO:DANSKE) was down 2.18% or 3.7 points to 166.3.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 88 to 37 and 10 ended unchanged.

Shares in Tryg A/S (CO:TRYG) rose to 3-years highs; up 0.68% or 1.1 to 161.7. Shares in Oersted A/S (CO:ORSTED) rose to 52-week highs; gaining 0.53% or 2.20 to 419.20. Shares in Danske Bank A/S (CO:DANSKE) fell to 52-week lows; losing 2.18% or 3.7 to 166.3.

Crude oil for November delivery was up 2.16% or 1.53 to $72.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.75% or 2.15 to hit $80.39 a barrel, while the December Gold Futures contract rose 0.32% or 3.80 to trade at $1205.10 a troy ounce.

USD/DKK was down 0.17% to 6.3382, while EUR/DKK unchanged 0.00% to 7.4596.

The US Dollar Index Futures was down 0.10% at 93.70.

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France stocks lower at close of trade; CAC 40 down 0.33%

Investing.com – France stocks were lower after the close on Monday, as losses in the Industrials, Consumer Goods and Utilities sectors led shares lower.

At the close in Paris, the CAC 40 fell 0.33%, while the SBF 120 index lost 0.29%.

The best performers of the session on the CAC 40 were TechnipFMC PLC (PA:FTI), which rose 1.71% or 0.45 points to trade at 26.81 at the close. Meanwhile, Total SA (PA:TOTF) added 1.15% or 0.63 points to end at 55.53 and Vivendi SA (PA:VIV) was up 0.91% or 0.20 points to 22.26 in late trade.

The worst performers of the session were Valeo SA (PA:VLOF), which fell 2.32% or 0.95 points to trade at 40.00 at the close. Compagnie de Saint Gobain SA (PA:SGOB) declined 1.92% or 0.74 points to end at 37.81 and Vinci SA (PA:SGEF) was down 1.73% or 1.44 points to 81.56.

The top performers on the SBF 120 were SES (PA:SESFd) which rose 4.38% to 17.17, Altran Technologies (PA:ALTT) which was up 4.27% to settle at 7.820 and Worldline SA (PA:WLN) which gained 3.81% to close at 54.500.

The worst performers were Tarkett (PA:TKTT) which was down 4.46% to 22.30 in late trade, Faurecia (PA:EPED) which lost 3.12% to settle at 55.22 and Air France KLM SA (PA:AIRF) which was down 2.83% to 8.706 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 341 to 232 and 96 ended unchanged.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 7.69% to 13.09.

Gold Futures for December delivery was up 0.32% or 3.90 to $1205.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.16% or 1.53 to hit $72.31 a barrel, while the December Brent oil contract rose 2.75% or 2.15 to trade at $80.39 a barrel.

EUR/USD was up 0.18% to 1.1770, while EUR/GBP unchanged 0.00% to 0.8969.

The US Dollar Index Futures was down 0.11% at 93.69.

Read More

Italy stocks lower at close of trade; Investing.com Italy 40 down 0.63%

Investing.com – Italy stocks were lower after the close on Monday, as losses in the Chemicals, Telecoms and Travel&Leisure sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 lost 0.63%.

The best performers of the session on the Investing.com Italy 40 were Saipem SpA (MI:SPMI), which rose 3.61% or 0.1730 points to trade at 4.9630 at the close. Meanwhile, Bper Banca SpA (MI:EMII) added 1.15% or 0.049 points to end at 4.300 and Tenaris (MI:TENR) was up 1.01% or 0.14 points to 14.05 in late trade.

The worst performers of the session were Italgas SpA (MI:IG), which fell 2.45% or 0.120 points to trade at 4.773 at the close. Prysmian (MI:PRY) declined 2.37% or 0.51 points to end at 21.01 and Intesa Sanpaolo SpA (MI:ISP) was down 2.10% or 0.051 points to 2.397.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 227 to 145 and 17 ended unchanged.

Shares in Saipem SpA (MI:SPMI) rose to 52-week highs; up 3.61% or 0.1730 to 4.9630.

Crude oil for November delivery was up 2.16% or 1.53 to $72.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.75% or 2.15 to hit $80.39 a barrel, while the December Gold Futures contract rose 0.32% or 3.90 to trade at $1205.20 a troy ounce.

EUR/USD was up 0.18% to 1.1770, while EUR/GBP unchanged 0.00% to 0.8969.

The US Dollar Index Futures was down 0.11% at 93.69.

Read More

Finland stocks lower at close of trade; OMX Helsinki 25 down 0.41%

Investing.com – Finland stocks were lower after the close on Monday, as losses in the Healthcare, Technology and Utilities sectors led shares lower.

At the close in Helsinki, the OMX Helsinki 25 fell 0.41%.

The best performers of the session on the OMX Helsinki 25 were UPM-Kymmene Oyj (HE:UPM), which rose 0.86% or 0.29 points to trade at 34.04 at the close. Meanwhile, Metso Oyj (HE:METSO) added 0.71% or 0.21 points to end at 29.91 and Amer Sports Corporation (HE:AMEAS) was up 0.55% or 0.19 points to 34.97 in late trade.

The worst performers of the session were Huhtamaki Oyj (HE:HUH1V), which fell 3.68% or 1.07 points to trade at 28.00 at the close. YIT Oyj (HE:YIT) declined 2.14% or 0.12 points to end at 5.72 and Orion Oyj B (HE:ORNBV) was down 2.07% or 0.66 points to 31.19.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 80 to 61 and 19 ended unchanged.

Shares in UPM-Kymmene Oyj (HE:UPM) rose to all time highs; rising 0.86% or 0.29 to 34.04.

Brent oil for December delivery was up 2.75% or 2.15 to $80.39 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.19% or 1.55 to hit $72.33 a barrel, while the December Gold Futures contract rose 0.32% or 3.90 to trade at $1205.20 a troy ounce.

EUR/USD was up 0.21% to 1.1774, while EUR/GBP rose 0.03% to 0.8972.

The US Dollar Index Futures was down 0.13% at 93.67.

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Germany stocks lower at close of trade; DAX down 0.64%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Food&Beverages, Construction and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.64%, while the MDAX index lost 0.90%, and the TecDAX index fell 0.33%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 1.39% or 1.600 points to trade at 116.950 at the close. Meanwhile, Siemens AG Class N (DE:SIEGn) added 0.73% or 0.80 points to end at 111.04 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 0.32% or 0.280 points to 87.200 in late trade.

The worst performers of the session were Bayerische Motoren Werke AG (DE:BMWG), which fell 2.65% or 2.270 points to trade at 83.500 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 2.57% or 1.480 points to end at 56.130 and Linde AG 1 (DE:LIN1) was down 2.03% or 4.3000 points to 207.9000.

The top performers on the MDAX were Rocket Internet (DE:RKET) which rose 1.78% to 27.38, Uniper SE (DE:UN01) which was up 1.29% to settle at 26.700 and Scout24 AG (DE:G24n) which gained 0.78% to close at 41.600.

The worst performers were Fielmann AG (DE:FIEG) which was down 5.93% to 50.750 in late trade, Osram Licht AG (DE:OSRn) which lost 3.44% to settle at 37.00 and Schaeffler AG Pref (DE:SHA_p) which was down 3.40% to 11.21 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 2.33% to 182.450, Aixtron SE (DE:AIXGn) which was up 1.35% to settle at 9.880 and Carl Zeiss Meditec AG (DE:AFXG) which gained 1.21% to close at 75.500.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 6.60% to 28.320 in late trade, S&T AG (DE:SANT1) which lost 3.40% to settle at 24.40 and Drillisch AG (DE:DRIG) which was down 3.22% to 41.460 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 469 to 231 and 75 ended unchanged.

Shares in Fielmann AG (DE:FIEG) fell to 3-years lows; losing 5.93% or 3.200 to 50.750.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.88% to 14.37.

Gold Futures for December delivery was up 0.36% or 4.30 to $1205.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.23% or 1.58 to hit $72.36 a barrel, while the December Brent oil contract rose 2.76% or 2.16 to trade at $80.40 a barrel.

EUR/USD was up 0.20% to 1.1772, while EUR/GBP rose 0.01% to 0.8970.

The US Dollar Index Futures was down 0.12% at 93.68.

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Drug Stocks Rally Midday; Chinese Stocks Take a Hit

Investing.com - Pharmaceutical and biotech stocks led the top gainers in midday trading, while trade war worries dented Chinese stocks trading on Wall Street.

Abbott Labs (NYSE:ABT) gained about 3.2% at 11:55 AM ET (15:55 GMT).

The company announced yesterday that it saw positive clinical study results with a medical therapy to treat a leaky heart valve.

Biotech Amarin (NASDAQ:AMRN) soared about 234% after announcing its cholesterol treatment met the endpoint goal for reducing risk.

And ABIOMED (NASDAQ:ABMD) rose about 6% after it said its approved treatment Impella boosted mean survival 24% in acute myocardial infarction cardiogenic shock.

Trade war concerns escalated after U.S. duties on $200 billion of Chinese goods and Chinese tariffs on $60 billion of U.S. products went into effect.

China cancelled mid-level trade talks with the U.S. as well as a proposed visit to Washington by Vice Premier Liu He, which had been scheduled for this week, saying the U.S. was acting like a bully.

“The door for trade talks is always open, but negotiations must be held in an environment of mutual respect,” state-run Xinhua News Agency reported. Negotiations “cannot be carried out under the threat of tariffs.”

That hit Chinese stocks trading in the U.S., with Qutoutiao (NASDAQ:QTT) the biggest loser, falling about 10%.

Vipshop (NYSE:VIPS) lost about 8%, Bilibili (NASDAQ:BILI) fell about 3.3% and NIO (NYSE:NIO) retreated about 6.3%.

Alibaba (NYSE:BABA) fell about 1.5%.

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Poland stocks higher at close of trade; WIG30 up 1.23%

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

At the close in Warsaw, the WIG30 added 1.23%.

The best performers of the session on the WIG30 were ING Bank Śląski SA (WA:INGP), which rose 5.60% or 9.80 points to trade at 184.80 at the close. Meanwhile, CCC SA (WA:CCCP) added 5.43% or 12.20 points to end at 236.80 and Enea SA (WA:ENAE) was up 5.19% or 0.39 points to 7.90 in late trade.

The worst performers of the session were CD Projekt SA (WA:CDR), which fell 3.25% or 6.30 points to trade at 187.40 at the close. Bank Polska Kasa Opieki SA (WA:PEO) declined 2.98% or 3.28 points to end at 106.67 and Play Communications SA (WA:PLY) was down 1.30% or 0.26 points to 19.70.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 228 to 208 and 202 ended unchanged.

Shares in Play Communications SA (WA:PLY) fell to all time lows; falling 1.30% or 0.26 to 19.70.

Crude oil for November delivery was up 2.32% or 1.64 to $72.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.84% or 2.22 to hit $80.46 a barrel, while the December Gold Futures contract rose 0.37% or 4.40 to trade at $1205.70 a troy ounce.

EUR/PLN was down 0.25% to 4.2951, while USD/PLN fell 0.44% to 3.6483.

The US Dollar Index Futures was down 0.12% at 93.68.

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Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.44%

Investing.com – Sweden stocks were lower after the close on Monday, as losses in the Consumer Goods, Industrials and Financials sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 declined 0.44%.

The best performers of the session on the OMX Stockholm 30 were H&M Hennes&Mauritz AB B (ST:HMb), which rose 2.40% or 3.5 points to trade at 148.5 at the close. Meanwhile, Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) added 1.43% or 1.11 points to end at 78.73 and Svenska Cellulosa SCA AB B (ST:SCAb) was up 0.89% or 0.9 points to 101.9 in late trade.

The worst performers of the session were Essity AB B (ST:ESSITYb), which fell 2.38% or 5.60 points to trade at 230.10 at the close. Investor AB ser. B (ST:INVEb) declined 2.19% or 9.2 points to end at 410.7 and Autoliv Inc . SDB (ST:ALIVsdb) was down 2.19% or 18.0 points to 804.2.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 371 to 261 and 48 ended unchanged.

Crude oil for November delivery was up 2.40% or 1.70 to $72.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.97% or 2.32 to hit $80.56 a barrel, while the December Gold Futures contract rose 0.40% or 4.80 to trade at $1206.10 a troy ounce.

EUR/SEK was up 0.25% to 10.3531, while USD/SEK rose 0.02% to 8.7938.

The US Dollar Index Futures was down 0.12% at 93.68.

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Norway stocks higher at close of trade; Oslo OBX up 1.16%

Investing.com – Norway stocks were higher after the close on Monday, as gains in the Energy, Diversified Financials and Food, Beverages&Tobacco sectors led shares higher.

At the close in Oslo, the Oslo OBX gained 1.16% to hit a new all time high.

The best performers of the session on the Oslo OBX were DNO International ASA (OL:DNO), which rose 4.72% or 0.73 points to trade at 16.20 at the close. Meanwhile, Equinor ASA (OL:EQNR) added 3.92% or 8.5 points to end at 225.2 and Subsea 7 SA (OL:SUBC) was up 3.73% or 4.3 points to 120.8 in late trade.

The worst performers of the session were REC Silicon ASA (OL:REC), which fell 7.00% or 0.05 points to trade at 0.65 at the close. Schibsted ASA A (OL:SBSTA) declined 2.42% or 7.6 points to end at 306.4 and Norwegian Finans Holding ASA (OL:NOFI) was down 1.67% or 1.70 points to 100.20.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 98 to 90 and 21 ended unchanged.

Crude oil for November delivery was up 2.42% or 1.71 to $72.49 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.98% or 2.33 to hit $80.57 a barrel, while the December Gold Futures contract rose 0.38% or 4.60 to trade at $1205.90 a troy ounce.

EUR/NOK was up 0.00% to 9.5751, while USD/NOK fell 0.19% to 8.1319.

The US Dollar Index Futures was down 0.13% at 93.67.

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Netflix Rises 3.02%

Investing.com - Netflix (NASDAQ:NFLX) rose by 3.02% to trade at $372.09 by 11:31 (15:31 GMT) on Monday on the NASDAQ exchange.

The volume of Netflix shares traded since the start of the session was $4.38M. Netflix has traded in a range of $354.33 to $372.55 on the day.

The stock has traded at $377.61 at its highest and $349.57 at its lowest during the past seven days.

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Oil Prices Surge on Supply Concerns

Investing.com - Oil prices continued to climb on Monday as an Iranian official said Saudi Arabia and Russia lack the capacity to add more oil to the market.

West Texas Crude oil futures for November rose 1.96% to $72.17 a barrel as of 10:49 AM ET (14:49 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 2.21% to an almost four-year-high of $79.97.

Iran's Organization of the Petroleum Exporting Countries (OPEC) governor, Hossein Kazempour Ardebili, told Reuters that Russia and Saudi Arabia are unable to increase production.

"They are doing little and late, to get prices higher," he said. "They got prices higher and they are going to get them higher still."

"There is no spare capacity. They cannot deliver the extra capacity that they claim."

The group of oil producers gathered in Algiers on Sunday and made no formal recommendation for any additional supply boost at its Sunday meeting. Saudi Arabia, OPEC’s largest producer, says it can add an extra 1.5 million barrels per day.

Prices of oil have been rising in recent months over concern of tightening supply due to U.S. sanctions against Tehran, which are expected to go into effect on Nov. 4. The sanctions have already caused Iran’s crude exports to fall.

Meanwhile, decreased drilling activity in the U.S. also bolstered prices, with the oil rig count falling by 1 to 866 last week.

In other energy trading, gasoline RBOB futures rose 1.47% at $2.0315 a gallon, while heating oil increased 2.05% to $2.2763 a gallon. Natural gas futures gained 1.75% to $3.026 per million British thermal units.

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General Electric Falls 3.12%

Investing.com - General Electric (NYSE:GE) fell by 3.12% to trade at $11.79 by 10:21 (14:21 GMT) on Monday on the NYSE exchange.

The volume of General Electric shares traded since the start of the session was $29.92M. General Electric has traded in a range of $11.77 to $12.10 on the day.

The stock has traded at $12.99 at its highest and $11.77 at its lowest during the past seven days.

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Stocks - Wall Street Slides Despite M&A Heating Up

Investing.com - Stocks started lower Monday, with investors hesitant as a new batch of tariffs between the U.S. and China went into effect. But a wave of mergers produced a lot of activity in individual issues.

The Dow fell 44.21, or 0.17%, to 26,699.29, while the broader S&P 500 index lost 9.27, or 0.32%, to 2,920.38. The tech-heavy Nasdaq composite was down 64.55, or 0.81%, to 7,922.40.

U.S. tariffs of 10% on $200 billion of Chinese goods went into effect today, as did Beijing tariffs of 5% to 10% on $60 billion of U.S. goods.

There could also be increased volatility today as Standard & Poor’s gets set to debut a new sector that will feature some major names. The S&P communications services sector will bolster the current telecom sector, with names like Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOGL) joining AT&T (NYSE:T) and Verizon (NYSE:VZ).

That will reduce the weighting of the tech sector, which retains Apple (NASDAQ:AAPL), and the consumer discretionary sector, which keeps Amazon (NASDAQ:AMZN).

In M&A news, satellite broadcaster Sirius XM (NASDAQ:SIRI) is buying music streaming site Pandora (NYSE:P) for $3.5 billion in stocks. Pandora jumped 7%, while Sirius slipped about 3.4%.

Comcast (NASDAQ:CMCSA) stock slipped 5.3% after the company outbid Fox on Saturday for a majority stake in European broadcaster Sky.

And Barrick Gold (NYSE:ABX) bought Randgold (LON:RRS) Resources for $18 billion. Shares of Barrick climbed 5.6%.

In Europe, stocks were lower. Germany’s DAX fell 66.51 points, or 0.54%, while in France the CAC 40 decreased 20.03 points, or 0.36%, and in London, the FTSE 100 was down 20.98 points, or 0.28%. Meanwhile the pan-European Euro Stoxx 50 lost 16.35 points, or 0.48%, while Spain’s IBEX 35 slumped 29.40 points, or 0.31%.

In commodities, gold futures rose 0.37% to $1,205.80 a troy ounce, while crude oil futures increased 2.01% to $72.22 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.3% to 93.94.

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Comcast Falls 5.54%

Investing.com - Comcast (NASDAQ:CMCSA) fell by 5.54% to trade at $35.80 by 09:31 (13:31 GMT) on Monday on the NASDAQ exchange.

The volume of Comcast shares traded since the start of the session was $3.94M. Comcast has traded in a range of $35.50 to $35.96 on the day.

The stock has traded at $38.06 at its highest and $35.50 at its lowest during the past seven days.

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Gold Prices Broadly Higher as U.S. Dollar Slumps

Investing.com - Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week.

Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT).

The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year. The market has already priced in a 100% chance of a 25-basis-point increase.

Chances of an increase in December were at 86.1%.

Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise.

Meanwhile, trade tensions held down the greenback, as U.S. duties on $200 billion of Chinese goods went into effect and China accused the U.S. of bullying.

China cancelled mid-level trade talks with the U.S. as well as a proposed visit to Washington by Vice Premier Liu He, which had been scheduled for this week, The Wall Street Journal reported.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slumped 0.34% to 93.47.

Gold usually falls as the dollar rises, as it is denominated in the U.S. currency and is sensitive to moves in the dollar. Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls.

Other metals were mixed on the Comex, with silver futures falling 0.34% to $14.310 a troy ounce. Among other precious metals, platinum futures rose 0.30% to $835.40, while palladium futures increased 0.39% to $1,049.00 an ounce. Copper futures gained 0.16% to $2.862 a pound.

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Crypto Prices Fall; Report Suggests Tether Has No Impact on Bitcoin

Investing.com - Cryptocurrencies fell on Monday, while Bitcoin eased from a two-and-a-half-week high as an academic study found that Tether does not impact its price.

Bitcoin decreased 1.56% to $6,630.30 on the Bitfinex exchange, as of 8:52 AM ET (12:52 GMT).

Cryptocurrencies overall were lower, with the coin market cap of total market capitalization at $219 billion at the time of writing, compared to $228 billion on Sunday.

Ethereum,or Ether, fell 4.44% to $235.08. XRP dipped 7.58% to $0.53092 and Litecoin was at $58.20, down 6.77%.

A report from the University of Queensland Business School found that any impact of Tether on Bitcoin prices and trading volumes is temporary, with volume returning to normal within five days.

“We find no empirical evidence supporting the notion that Tether grants cause subsequent Bitcoin returns to rise on a daily basis. In fact, when we examine the Bitcoin return equation of our VAR model, none of the lagged variables impacts Bitcoin returns. This suggests Bitcoin returns are showing greater signs of market efficiency than previously studied on older datasets,” the paper states.

Tether was under scrutiny last year by the U.S. Commodities Futures Trading Commission (CFTC), which subpoenaed the company for proof the coin is backed by a sufficient reserve of U.S. dollars.

Meanwhile, a paper by the University of Texas published in June claimed that the Bitcoin price increase to $20,000 in December 2017 was a result of price manipulation by Tether.

In other news, the Dubai Department of Finance and the Smart Dubai Office debuted their blockchain-powered payment system, which is geared towards government entities. The system aims to offer a more accurate and transparent governance process.

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Stocks- U.S. Futures Fall as China Cancels Trade Talks

Investing.com – U.S. futures pointed to a lower opening bell on Friday as trade war tensions kept investors on edge.

The S&P 500 futures fell 5 points or 0.18% to 2,928.50 as of 6:51 AM ET (10:51 GMT) while Dow futures lost 41 points, or 0.15%, to 26,713.0. Meanwhile tech heavy Nasdaq 100 futures decreased 28 points, or 0.37%, to 7,522.50.

The U.S.-Sino trade war escalated on Monday, as U.S. duties on $200 billion of Chinese goods went into effect at 12:01 AM ET (4:01 GMT) and China accused the U.S. of bullying.

China cancelled mid-level trade talks with the U.S. as well as a proposed visit to Washington by Vice Premier Liu He which had been scheduled for this week, the Wall Street Journal reported.

Mining firm Randgold Resources (LON:RRS) Ltd ADR (NASDAQ:GOLD) was among the top gainers in premarket trading, rising 5.99% after news that it was being bought by Canada’s Barrick Gold for $18 billion. Barrick Gold Corporation (NYSE:ABX) jumped 3.63%.

Meanwhile Exxon Mobil (NYSE:XOM) increased 0.50% while semiconductor AMD gained 0.90%.

Elsewhere, Micron dipped 1.63% while medical marijuana company Tilray fell 9.76% and Facebook (NASDAQ:FB) was down 0.57%. Luxury car maker Tesla (NASDAQ:TSLA) decreased 0.94% after news it was hand-delivering the Model 3 to speed up sales.

In economic news, the Chicago Fed National Activity for August comes out at 8:30 AM ET (12:30 GMT).

In Europe stocks were down. Germany’s DAX fell 36 points or 0.29% while in France the CAC 40 was down 11 points or 0.20% and in London the FTSE 100 decreased 8 points or 0.11%. Meanwhile the pan-European Euro Stoxx 50 lost 11 points or 0.33% while Spain’s IBEX 35 slumped 44 points or 0.47%.

In commodities, gold futures inched up 0.19% to $1,203.60 a troy ounce while crude oil futures surged 1.70% to $71.98 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, fell 0.11% to 93.69.

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India stocks lower at close of trade; Nifty 50 down 1.58%

Investing.com – India stocks were lower after the close on Monday, as losses in the Real Estate, Auto and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.58% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.46%.

The best performers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS:TCS), which rose 4.53% or 95.30 points to trade at 2198.45 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 2.14% or 5.90 points to end at 281.15 and Infosys Ltd (NS:INFY) was up 1.84% or 12.95 points to 718.25 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 7.55% or 80.20 points to trade at 981.95 at the close. Eicher Motors Ltd. (NS:EICH) declined 6.94% or 1940.20 points to end at 25852.80 and Mahindra&Mahindra Ltd. (NS:MAHM) was down 6.65% or 63.85 points to 896.05.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 4.51% to 2198.70, Coal India Ltd (BO:COAL) which was up 2.10% to settle at 281.45 and Infosys Ltd (BO:INFY) which gained 1.56% to close at 717.30.

The worst performers were Mahindra&Mahindra Ltd. (BO:MAHM) which was down 6.46% to 895.40 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 6.22% to settle at 1721.05 and IndusInd Bank Ltd. (BO:INBK) which was down 4.94% to 1674.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1412 to 228 and 43 ended unchanged; on the Bombay Stock Exchange, 2058 fell and 499 advanced, while 148 ended unchanged.

Shares in Tata Consultancy Services Ltd. (NS:TCS) rose to all time highs; rising 4.53% or 95.30 to 2198.45. Shares in Indiabulls Housing Finance Ltd (NS:INBF) fell to 52-week lows; losing 7.55% or 80.20 to 981.95. Shares in Eicher Motors Ltd. (NS:EICH) fell to 52-week lows; losing 6.94% or 1940.20 to 25852.80. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to 52-week highs; rising 4.51% or 94.90 to 2198.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 12.18% to 17.4275 a new 6-months high.

Gold Futures for December delivery was up 0.19% or 2.30 to $1203.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.68% or 1.19 to hit $71.97 a barrel, while the December Brent oil contract rose 2.24% or 1.75 to trade at $79.99 a barrel.

USD/INR was up 0.54% to 72.605, while EUR/INR rose 0.61% to 85.4125.

The US Dollar Index Futures was down 0.11% at 93.69.

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Indonesia stocks lower at close of trade; IDX Composite Index down 1.27%

Investing.com – Indonesia stocks were lower after the close on Monday, as losses in the Consumer Industry, Mining and Infrastructure sectors led shares lower.

At the close in Jakarta, the IDX Composite Index declined 1.27%.

The best performers of the session on the IDX Composite Index were Arkadia Digital Media Tbk PT (JK:DIGI), which rose 25.00% or 165 points to trade at 825 at the close. Meanwhile, Indofarma Tbk (JK:INAF) added 24.84% or 800 points to end at 4020 and Pelat Timah Nusantara Tbk (JK:NIKL) was up 24.67% or 560 points to 2830 in late trade.

The worst performers of the session were Trada Maritime Tbk (JK:TRAM), which fell 17.32% or 44 points to trade at 210 at the close. Capitol Nusantara Indonesia (JK:CANI) declined 13.81% or 29 points to end at 181 and Bank Qnb Indonesia Tbk (JK:BKSW) was down 13.50% or 27 points to 173.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 267 to 112 and 123 ended unchanged.

Shares in Arkadia Digital Media Tbk PT (JK:DIGI) rose to all time highs; gaining 25.00% or 165 to 825.

Crude oil for November delivery was up 1.75% or 1.24 to $72.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.29% or 1.79 to hit $80.03 a barrel, while the December Gold Futures contract rose 0.17% or 2.10 to trade at $1203.40 a troy ounce.

USD/IDR was up 0.03% to 14867.5, while AUD/IDR fell 0.16% to 10771.85.

The US Dollar Index Futures was down 0.13% at 93.67.

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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, September 24:

1. U.S. Tariffs on $200 billion of Chinese Goods Hits

The Sino-U.S. trade war will remain in focus on Monday, as U.S. duties on $200 billion of Chinese goods went into effect at 12:01 AM ET (4:01 GMT).

China cancelled mid-level trade talks with the U.S. as well as a proposed visit to Washington by Vice Premier Liu He which had been scheduled for this week, the Wall Street Journal reported.

“The door for trade talks is always open but negotiations must be held in an environment of mutual respect,” state-run Xinhua News Agency reported. Negotiations “cannot be carried out under the threat of tariffs.”

Meanwhile U.S. Secretary of State Michael Pompeo said Sunday the U.S. was not starting a trade war, but joining an ongoing one.

“The trade war by China against the United States has been going on for years,” Pompeo said on Fox News. “To the extent one wants to call this a trade war, we are determined to win it.”

2. Trump Meets with South Korean President Moon Jae-in

U.S. President Donald Trump and South Korean leader Moon Jae-in will meet in New York on Monday to discuss how to move forward on a formal declaration of the end of the Korean War. Moon met with North Korean leader Kim Jong Un last week.

"Chairman Kim expressed his wish to finish complete denuclearization at an early date and focus on economic development," Moon said of his meeting with the North Korean leader in Pyongyang.

Kim and Trump met for the first-ever U.S.-North Korea summit on June 12, and since then denuclearization talks have stalled. Trump called off the secretary of state’s visit to Pyongyang in July, due to a lack of progress in denuclearization.

3. U.S. Futures Point to Lower Opening Bell

U.S. futures indexes pointed to a lower opening bell on Wall Street as investors kept an eye on U.S.-China trade developments.

The S&P 500 futures fell 0.20% while Dow futures lost 0.16% and tech heavy Nasdaq 100 futures decreased 0.40%.

Meanwhile trading in Europe was subdued, with Germany’s DAX, France’s CAC 40 and London’s FTSE 100 all in the red.

At the close in Shanghai, the Shanghai Composite gained 2.50%, while the SZSE Component index was flat. The China A50 Index of China’s biggest companies was up 3.70%, while in Japan, the TOPIX rose 0.92% and the Nikkei 225 inched up 0.86%.

4. Comcast (NASDAQ:CMCSA) Wins Bid for European Broadcaster Sky

Telecommunications giant Comcast outbid Twenty-First Century Fox Inc (NASDAQ:FOX) for SKY PLC (LON:SKYB) in an settlement auction on Saturday, ending a two-year-long battle for the European broadcaster.

Comcast submitted a £17.28 per share bid while Fox submitted a £15.67 per share bid. Comcast’s offer for majority stake in Sky puts that total value of the company at $40 billion.

Fox still owns a 39% stake in Sky, which it plans to sell to Walt Disney (NYSE:DIS) on the completion of its merger.

5. OPEC Brushes Off Trump’s Call to Lower Prices; Oil Prices Surge

The Organization of the Petroleum Exporting Countries and Russia pushed back against a call last week by U.S. President Donald Trump to lower prices.

"I do not influence prices," Saudi Energy Minister Khalid al-Falih told reporters as OPEC and non-OPEC energy ministers gathered in Algiers. The group of oil producers is in discussion about rising output to counter falling Iranian supplies due to U.S. sanctions but made no formal recommendation for any additional supply boost at its Sunday meeting.

West Texas Crude oil futures for November surged over 2% to a two-month high of $72.20 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., reached an almost four-year-high of over $80 a barrel.

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Stellar Lumens Falls 11.76% In Selloff

Investing.com - Stellar Lumens was trading at $0.25665 by 05:08 (09:08 GMT) on the Investing.com Index on Monday, down 11.76% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Stellar Lumens's market cap down to $4.88B, or 2.21% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.25639 to $0.28232 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 26.26%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $269.43M or 1.83% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.30175 in the past 7 days.

At its current price, Stellar Lumens is still down 72.10% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,613.5 on the Investing.com Index, down 2.42% on the day.

Ethereum was trading at $233.34 on the Investing.com Index, a loss of 6.54%.

Bitcoin's market cap was last at $114.95B or 52.13% of the total cryptocurrency market cap, while Ethereum's market cap totaled $23.88B or 10.83% of the total cryptocurrency market value.

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