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Market Updates

U.S. Housing Starts and Building Permits Tumble in September

Investing.com – The number of housing starts and building permits slumped more than expected in September, dampening optimism over the health of the U.S. housing sector, official data showed Wednesday.

In a report, the U.S. Commerce Department said that housing starts decreased by 4.7% from the month before to hit a seasonally adjusted 1.127 million units last month from August’s total of 1.183 million units, which was an upward revision from the initial 1.180 million.

Analysts had expected September’s number to decrease just 0.5% from the prior month’s initial reading to 1.180 million.

Meanwhile, the number of building permits issued declined by 4.5% to a seasonally adjusted 1.215 million units last month from 1.272 million the month before.

Economists had forecast permits to decrease 2.9% to 1.245 million units in September.

After the report, EUR/USD traded at 1.1763 compared to 1.1756 before the release, GBP/USD was unchanged at 1.3161, while USD/JPY was at 112.83 from 112.85 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 93.49, compared to 93.53 previously.

Meanwhile, U.S. stock futures pointed to a higher open. The blue-chip Dow futures gained 93 points, or 0.40%, the S&P 500 futures rose 90 points, or 0.39%, while the tech-heavy Nasdaq 100 futures traded up 5 points, or 0.08%.

Elsewhere, in the commodities market, gold futures was at $1,281.04, compared to $1,280.71 ahead of the data, while crude oil traded at $52.09 a barrel from $52.08 earlier.

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Russia Is Considering An Official Cryptocurrency - The "CryptoRuble"

Investing.com - Russian President Vladimir Putin has reportedly decided that the time has come for a national cryptocurrency called the CryptoRuble.
Last week, Russian authorities discussed heavily regulating Bitcoin and other cryptocurrencies, even going so far as planning the closure of all websites that sell them. According to Russian newspaper AIF, it appears as though they may have compromised on a government-issued cryptocurrency.
Details regarding the CryptoRuble are scarce, but it looks like it will keep some aspects normally associated with cryptocurrencies, while getting rid of others.
The CryptoRuble will reportedly use blockchain technology. But instead of being mined, it will be issued and tracked just like regular currencies. Rubles and CryptoRubles will be able to be freely exchanged. But, to deter money laundering and black market activities sometimes associated with cryptocurrencies, there will be a 13 percent tax if proof of legal origin cannot be produced.
Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov said that Russia’s creation of the CryptoRuble was for one simple reason: “If we do not, then in 2 months, our neighbors in the Eurasian Economic Community will do it.”
It remains to be seen whether other countries will follow suit, but heavily-regulated, government-run cryptocurrencies would likely pose significant challenges for decentralized varieties.

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Stocks- U.S. Futures Point to Flat Open

Investing.com – U.S futures edged forward on Wednesday as investors digest third quarter earnings results.

The S&P 500 futures increased two and a half points or 0.10% as of 6:34 AM ET (11:34 GMT) while Dow futures jumped 54 points or 0.24%. Tech heavy Nasdaq 100 futures was down three and a half points or 0.06%.

In pre-market trading, technology firm IBM (NYSE:IBM) surged 4.54% after its third quarter earnings topped analysts’ expectations. Consumer goods firm Unilever (LON:ULVR) rose 0.74% while communications firm Nokia (HE:NOKIA) increased 0.68% after a video was leaked of its upcoming Nokia 9 phone.

Meanwhile, mining firm Rio Tinto (LON:RIO) fell 1.81% while restaurant chain Chipotle Mexican Grill Inc (NYSE:CMG) decreased 1.71%. Biotech firm Shire plc (NASDAQ:SHPG) was down 1.32% amid pressure from activist fund Sachem Head Capital Management to spin off or sell its assets.

Earnings season continues on Wednesday, with bank US Bancorp (NYSE:USB) expected to release its earnings before the morning bell. Other firms such as credit card giant American Express (NYSE:AXP) and airline company United Continental Holdings Inc (NYSE:UAL) will release their third quarter earnings after the markets close.

In economic news, building permits for September will be released at 8:30 AM ET (1:30 PM GMT), a key indicator of demand in the housing market. Crude oil inventories, which measures the weekly change in the number of barrels of commercial crude oil held by US firms, will be released at 10:30 AM ET (3:30 PM GMT).

Federal Reserve Bank of New York President William Dudley and Federal Reserve Bank of Dallas President Robert Kaplan who both speak at 8:00 AM ET (1:00 PM GMT). Investors will also be listening closely for signs of who will replace Federal Reserve Chair Janet Yellen next year. U.S. President Donald Trump is expected to make a decision before Nov. 3.

Stocks in Europe edged forward. Germany’s DAX jumped 67 points or 0.52%, while France’s CAC 40 increased 29 points or 0.54% and Spain’s IBEX 35 fell 20 points or 0.20%. In London, the FTSE 100 was up 22 points or 0.29$ while the pan-European Euro Stoxx 50 inched forward 9 points or 0.26%.

In commodities, gold futures fell 0.24% to $1,283.17 an ounce while Crude Oil WTI Futures increased 0.40% to $52.09 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, rose to $93.54.

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India stocks lower at close of trade; Nifty 50 down 0.23%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Banking, Healthcare and Technology sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.23%, while the BSE Sensex 30 index declined 0.08%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 4.81% or 42.05 points to trade at 916.40 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.88% or 7.95 points to end at 212.85 and Indiabulls Housing Finance Ltd (NS:INBF) was up 2.47% or 32.70 points to 1358.40 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 9.48% or 48.65 points to trade at 464.50 at the close. ICICI Bank Ltd (NS:ICBK) declined 3.92% or 10.75 points to end at 263.15 and Bharti Infratel Ltd (NS:BHRI) was down 3.64% or 17.45 points to 461.75.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 4.52% to 913.75, Power Grid Corporation of India Ltd (BO:PGRD) which was up 4.00% to settle at 213.10 and Wipro Ltd (BO:WIPR) which gained 1.92% to close at 295.05.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 9.52% to 464.35 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 3.96% to settle at 263.05 and Cipla Ltd. (BO:CIPL) which was down 3.26% to 610.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 864 to 711 and 17 ended unchanged; on the Bombay Stock Exchange, 1347 fell and 1228 advanced, while 124 ended unchanged.

Shares in Reliance Industries Ltd (NS:RELI) rose to all time highs; up 4.81% or 42.05 to 916.40. Shares in Indiabulls Housing Finance Ltd (NS:INBF) rose to all time highs; up 2.47% or 32.70 to 1358.40.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.60% to 11.5400.

Gold Futures for December delivery was down 0.28% or 3.61 to $1282.59 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.44% or 0.23 to hit $52.11 a barrel, while the December Brent oil contract rose 0.85% or 0.49 to trade at $58.37 a barrel.

USD/INR was up 0.23% to 65.065, while EUR/INR fell 0.01% to 76.5134.

The US Dollar Index Futures was up 0.15% at 93.50.

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Top 5 Things to Know in the Market on Wednesday

Investing.com - Here are the top five things you need to know in financial markets on Wednesday, October 18:

1. Dollar moves higher ahead of Fed references, data

The dollar remained supported against a basket of the other major currencies on Wednesday as investors looked ahead to appearances from Federal Reserve policymakers.

New York Fed president William Dudley and Dallas Fed chief Robert Kaplan will be participate in a conversation on economic growth at 8:00AM ET (12:00GMT) with participants watching for any hints on the future of monetary policy.

Markets currently price in the odds for a rate hike at the December meeting at 93%, according to Investing.com’s Fed Rate Monitor Tool.

Traders were also keeping watch over developments regarding U.S. President Donald Trump’s pick for Fed chair. The dollar has been buoyed in recent sessions by speculation that Trump could pick a more hawkish candidate than Yellen, whose term is due to end in February.

Focus will also be on the release of the Fed’s Beige Book at 2:00PM ET (18:00GMT) which gives an indication of the economic situation in each of the 12 Federal Reserve districts, along with housing starts and building permits out at 8:30AM ET (12:30GMT).

At 6:03AM ET (10:03GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, gained 0.22% to 93.57.

2. Earnings in spotlight

After earnings from Dow components helped support stocks a day earlier, the focus on quarterly reports will continue to garner the market’s attention on Wednesday.

American Express (NYSE:AXP) will be the big player from the blue-chip index when the credit card company reports earnings after the market close along with closely watched figures from the likes of eBay (NASDAQ:EBAY), United Continental (NYSE:UAL) or former Dow component Alcoa (NYSE:AA).

Before Wednesday’s opening bell, US Bancorp (NYSE:USB) and Abbot Labs (NYSE:ABT) are among companies releasing earnings.

With the third quarter earnings season still in the early stages, 82% of the 45 S&P firms reporting so far have beat consensus on profit while 73% have topped estimates on sales, according to The Earnings Scout.

3. Global stocks track higher as earnings roll in

U.S. futures pointed to a continuation of gains with the Dow set to take another shot at the 23,000 point level breached a day earlier when the S&P 500 closed at record highs, while traders brace for another round of earnings. At 6:04AM ET (10:04GMT), the blue-chip Dow futures rose by 50 points, or 0.22%, S&P 500 futures gained 3 points, or 0.11%, while the Nasdaq 100 futures advanced 5 points, or 0.08%.

Elsewhere, European stocks moved higher on Wednesday as investors digested a string of earnings, though Spanish equities were in the red as the country braced for a Thursday deadline for the Catalonian president Carles Puigedemont to clarify whether his region has officially declared independence.

Asian equities consolidated gains on Wednesday as Chinese President Xi Jinping laid out his road map to support the world’s second largest economy. Japan’s Nikkei and China’s Shanghai Composite both ended about 0.2% higher.

4. Oil moves towards 3-week highs ahead of inventory data

Oil prices pushed towards three-week highs on Wednesday amid tensions in the Middle East and while investors looked ahead to U.S. crude inventory data.

Traders speculated that fighting in Iraq and mounting tensions between the United States and Iran could affect supplies.

Late Tuesday, the American Petroleum Institute said that U.S. oil inventories declined by 7.1 million barrels in the week ended October 13, while investors awaited the official government data out at 10:30AM ET (14:30GMT) amid expectations for a draw of 4.2 million barrels.

U.S. crude oil futures gained 0.33% $52.05 at 6:05AM ET (10:05GMT), while Brent oil traded up 0.73% to $58.30.

5. Chinese President Xi lays foundation for continued growth

Chinese President Xi Jinping laid out a roadmap for the world’s second largest economy in what he termed would be a “new era” with China more open to the rest of the world.

"Through a long period of hard work, socialism with Chinese characteristics has entered a new era, this is a new historical direction in our country's development," Xi said.

On the economic front, the Chinese leader promised to relax market access for foreign investment, expand access to its services sector and deepen market-oriented reform of its exchange rate and financial system, while at the same time strengthening state firms.

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Sterling Lower as Wage Growth Data Dims Rate Hike Bets

Investing.com - The pound slid lower against the dollar on Wednesday after the latest UK jobs report showed that wage growth is still lagging behind inflation, tempering expectations for an interest rate hike by the Bank of England.

GBP/USD was down 0.25% at 1.3155 by 05:22 AM ET (09:22 AM GMT) from around 1.3182 ahead of the data.

The Office for National Statistics said average earnings, including bonuses, rose by an annual 2.2% in the three months to August. Excluding bonuses, earnings rose by 2.1%.

Wage growth has steadily fallen behind inflation which rose 3% in September, its highest level in more than five years.

The rise in the cost of living, largely driven by the fall in the pound since last year’s Brexit vote, has caused a squeeze on household spending.

The employment report also showed that the UK unemployment rate held steady at 4.3% in the three months to August, the lowest level in 42 years.

Despite the slowdown in the UK economy so far this year the BoE has indicated that it expects to raise interest rates in the coming months so long as price pressures continue to increase and growth continues.

Some market watchers think the bank will hike rates form their current record low of 0.25% to 0.5% at its upcoming meeting in November, in what would be the first increase in borrowing costs in almost a decade.

But expectations for a rate hike diminished following dovish remarks by central bank policymakers on Tuesday.

The BoE’s new deputy governor indicated that he did not support the view that interest rates probably need to rise soon, and another official said her support for a rate hike was "very contingent on the data".

Sterling was a touch lower against the euro, with EUR/GBP at 0.8927 from around 0.8919 earlier.

In the euro zone, European Central Bank President Mario Draghi said Wednesday that political leaders have a “window of opportunity” to enact reforms to bolster growth, thanks to the euro zone’s current record low interest rates.

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Japan stocks higher at close of trade; Nikkei 225 up 0.13%

Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Machinery, Chemical and Fishery sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 0.13% to hit a new 5-year high.

The best performers of the session on the Nikkei 225 were J.Front Retailing Co., Ltd. (T:3086), which rose 2.71% or 46.0 points to trade at 1741.0 at the close. Meanwhile, Astellas Pharma Inc. (T:4503) added 2.04% or 30.2 points to end at 1510.5 and Seven&i Holdings Co., Ltd. (T:3382) was up 1.88% or 86.0 points to 4662.0 in late trade.

The worst performers of the session were Toho Zinc Co., Ltd. (T:5707), which fell 4.19% or 220.0 points to trade at 5030.0 at the close. Furukawa Electric Co., Ltd. (T:5801) declined 3.29% or 220.0 points to end at 6460.0 and Mitsui Mining and Smelting Co. (T:5706) was down 3.07% or 180.0 points to 5675.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2037 to 1232 and 222 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 5.55% to 15.82.

Crude oil for November delivery was up 0.27% or 0.14 to $52.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.62% or 0.36 to hit $58.24 a barrel, while the December Gold Futures contract fell 0.08% or 1.02 to trade at $1285.18 a troy ounce.

USD/JPY was up 0.33% to 112.57, while EUR/JPY rose 0.27% to 132.38.

The US Dollar Index Futures was up 0.10% at 93.45.

Read More

UK Unemployment Rate Steady in August; Wage Inflation Beats

Investing.com - The jobless rate in the UK held steady in August while wage inflation rose more than expected, official data showed on Wednesday.

The Office for National Statistics said that the rate of unemployment held as expected at 4.3% in August.

The claimant count increased by a seasonally adjusted 1,700 in September, worse than expectations for a gain of 1,000 people and following a decline of 200 a month earlier, whose figure was revised from a previously reported drop of 2,800.

Meanwhile, the average earnings index, including bonuses, rose by a seasonally adjusted 2.2% in the three months to September, beating forecasts for a 2.1% rise.

August’s reading was revised to a gain of 2.2% from the prior 2.1% increase.

Excluding bonuses, wages rose by 2.1% in the three months to August, compared to expectations for a 2.0% gain and after the prior month’s 2.2% increase which was revised from an initial 2.1% advance.

Following the report, GBP/USD traded at 1.3180 from around 1.3181 ahead of the release of the data, EUR/GBP was at 0.8920 from 0.8921 earlier, while GBP/JPY exchanged hands at 148.36 compared to 148.29 previously.

Meanwhile, European stock markets showed mixed trade. London’s FTSE 100 gained 0.24%, the benchmark Euro Stoxx 50 slipped 0.04%, France's CAC 40 rose 0.19%, while Germany's DAX advanced on 0.26%.

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Dollar Remains Supported Amid Fed Leader Speculation

Investing.com - The dollar remained supported against a basket of the other major currencies on Wednesday as the search for the chairman of the Federal Reserve narrowed.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.39 by 03:43 AM ET (07:43 AM GMT).

U.S. President Donald Trump said Tuesday he will soon choose a Federal Reserve chairman, having narrowed his search to five finalists. He is expected to make a decision before his trip to Asia, which begins November 3.

The finalists are current Fed Chair Janet Yellen, who is due to meet with Trump on Thursday; Fed governor Jerome Powell; former Fed governor Kevin Warsh; Trump's top economic adviser Gary Cohn and Stanford University economist John Taylor.

The dollar has been buoyed in recent sessions by speculation that Trump could pick a more hawkish candidate than Yellen, whose term is due to end in February.

The dollar pushed higher against the yen, with USD/JPY rising 0.23% to 112.45.

The euro was steady, with EUR/USD last at 1.1763.

Sterling was a touch lower, with GBP/USD at 1.3178 having fallen 0.5% on Tuesday following dovish remarks by Bank of England policymakers.

The BoE’s new deputy governor indicated that he did not support the view that interest rates probably need to rise soon, and another official said her support for a rate hike was "very contingent on the data".

The remarks came after data earlier in the day showed that UK inflation rose to the highest level in five-and-a-half years in September, adding to pressure on the BoE.

Investors were looking ahead to the latest UK jobs report later Wednesday, which was expected to show that wage growth is continuing to lag inflation.

Sterling was almost unchanged against the euro, with EUR/GBP at 0.8924.

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China stocks higher at close of trade; Shanghai Composite up 0.28%

Investing.com – China stocks were higher after the close on Wednesday, as gains in the Life Insurance, Electricity and Travel&Leisure sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.28%, while the SZSE Component index climbed 0.07%.

The best performers of the session on the Shanghai Composite were Chongqing Sokon Industry Group Co Ltd (SS:601127), which rose 8.45% or 1.860 points to trade at 23.860 at the close. Meanwhile, Sichuan Changhong Electric Co Ltd (SS:600839) added 8.02% or 0.300 points to end at 4.040 and Caihong Display Devices Co Ltd (SS:600707) was up 7.76% or 0.650 points to 9.030 in late trade.

The worst performers of the session were ZhongTongGuoMai Communication Co Ltd (SS:603559), which fell 8.95% or 4.000 points to trade at 40.700 at the close. Nancal Energy-Saving Technology Co Ltd (SS:603859) declined 8.39% or 2.560 points to end at 27.960 and Xinjiang Ba Yi Iron&Steel Co Ltd (SS:600581) was down 8.34% or 1.270 points to 13.960.

The top performers on the SZSE Component were Guizhou Bailing Group Pharmaceutical Co Ltd (SZ:002424) which rose 10.03% to 19.42, Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which was up 8.19% to settle at 12.95 and Swan Fiber Co Ltd (SZ:000687) which gained 6.37% to close at 16.70.

The worst performers were Yunnan Aluminium Co Ltd (SZ:000807) which was down 5.95% to 12.02 in late trade, Shenzhen Ysstech Info-Tech Co Ltd (SZ:300377) which lost 5.67% to settle at 12.98 and Hongbo Co Ltd (SZ:002229) which was down 4.91% to 12.60 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 936 to 343 and 41 ended unchanged.

Shares in Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) rose to 52-week highs; rising 8.19% or 0.98 to 12.95.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.74% to 17.49.

Gold Futures for December delivery was down 0.05% or 0.68 to $1285.52 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.46% or 0.24 to hit $52.12 a barrel, while the December Brent oil contract rose 0.69% or 0.40 to trade at $58.28 a barrel.

USD/CNY was up 0.12% to 6.6206, while EUR/CNY fell 0.03% to 7.7917.

The US Dollar Index Futures was up 0.03% at 93.39.

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Gold Prices Stabilize Near 1-Week Low Ahead of Fed Speakers

Investing.com - Gold prices steadied on Wednesday, one day after suffering their biggest daily loss in almost four weeks, as markets continued to speculate over President Donald Trump's choice of a candidate to succeed Janet Yellen as Federal Reserve Chair.

Stanford University economist John Taylor, regarded by market watchers as more hawkish than Yellen, is currently seen as a front-runner, according to media reports.

Market players are also keeping an eye on current Fed Governor Jerome Powell and former Fed official Kevin Warsh as potential candidates to succeed Yellen when her term ends in February.

Trump, who is slated to meet with Yellen on Thursday, is expected to make his decision early in November.

The U.S. dollar extended gains after rising to its highest levels in a week overnight, while bond yields remained supported near recent highs, dampening the appeal of bullion.

Comex gold futures were little changed at $1,286.48 a troy ounce by 2:50AM ET (0650GMT). The yellow metal lost 1.3% on Tuesday after falling to a one-week low of $1,283.20.

Comments from New York Fed Chief William Dudley, considered a close ally of Fed Chair Yellen, will be in focus Wednesday. He is due to participate in a panel discussion along with Dallas Fed chief Robert Kaplan at an event in New York at 8:00AM ET (1200GMT).

Besides the Fed, today's economic calendar also includes data on housing starts and building permits at 8:30AM ET (1230GMT).

Interest rate futures are pricing in around a 90% chance of a December Fed rate hike according to Investing.com's Fed Rate Monitor Tool. The U.S. central bank has already raised rates twice this year.

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion.

Elsewhere on the Comex, silver futures were flat at $17.03 a troy ounce. Among other precious metals, platinum dropped 0.3% to $931.75, while palladium added 0.6% to $981.83 an ounce.

Meanwhile, copper futures held steady at $3.194 a pound. Prices of the red metal rallied to their best level since Aug. 2014 at the start of the week, boosted by robust economic data from China, the world's top user of the red metal.

Investors looked to China's Party Congress for signs on future policy direction in the world's second-largest economy. This political meeting, which takes place once every five years, has a mandate of approving new policies as well as appointing to certain positions those individuals who will lead the Asian nation over the next five years.

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Taiwan stocks lower at close of trade; Taiwan Weighted down 0.03%

Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the , Optoelectronic and Transport sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted declined 0.03%.

The best performers of the session on the Taiwan Weighted were Hung Chou Fiber Ind Co Ltd (TW:1413), which rose 10.00% or 0.77 points to trade at 8.47 at the close. Meanwhile, Nuvoton Technology Corp (TW:4919) added 9.93% or 6.70 points to end at 74.20 and I-Hwa Industrial Co Ltd (TW:1456) was up 9.85% or 1.00 points to 11.15 in late trade.

The worst performers of the session were General Interface Solution GIS Holding Ltd (TW:6456), which fell 9.48% or 29.00 points to trade at 277.00 at the close. Ichia Technologies Inc (TW:2402) declined 6.88% or 1.30 points to end at 17.60 and Compeq Manufacturing Co Ltd (TW:2313) was down 5.49% or 1.95 points to 33.60.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 457 to 317 and 100 ended unchanged.

Shares in Hung Chou Fiber Ind Co Ltd (TW:1413) rose to 52-week highs; up 10.00% or 0.77 to 8.47. Shares in Nuvoton Technology Corp (TW:4919) rose to all time highs; up 9.93% or 6.70 to 74.20.

Crude oil for November delivery was up 0.29% or 0.15 to $52.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.54% or 0.31 to hit $58.19 a barrel, while the December Gold Futures contract fell 0.01% or 0.17 to trade at $1286.03 a troy ounce.

USD/TWD was up 0.03% to 30.204, while TWD/CNY fell 0.05% to 0.2194.

The US Dollar Index Futures was up 0.05% at 93.41.

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Australia stocks higher at close of trade; S&P/ASX 200 up 0.02%

Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the Utilities, Healthcare and A-REITs sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 rose 0.02% to hit a new 3-months high.

The best performers of the session on the S&P/ASX 200 were St Barbara Ltd (AX:SBM), which rose 11.19% or 0.300 points to trade at 2.980 at the close. Meanwhile, Ioof Holdings Ltd (AX:IFL) added 5.15% or 0.580 points to end at 11.840 and Aconex Ltd (AX:ACX) was up 4.48% or 0.200 points to 4.660 in late trade.

The worst performers of the session were Lend Lease Group (AX:LLC), which fell 10.48% or 1.950 points to trade at 16.650 at the close. Altium Ltd (AX:ALU) declined 5.42% or 0.620 points to end at 10.810 and GWA Group Ltd (AX:GWA) was down 4.68% or 0.130 points to 2.650.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 617 to 585 and 341 ended unchanged.

Shares in Ioof Holdings Ltd (AX:IFL) rose to all time highs; rising 5.15% or 0.580 to 11.840.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.14% to 11.191.

Gold Futures for December delivery was up 0.00% or 0.06 to $1286.26 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.35% or 0.18 to hit $52.06 a barrel, while the December Brent oil contract rose 0.59% or 0.34 to trade at $58.22 a barrel.

AUD/USD was unchanged 0.00% to 0.7845, while AUD/JPY rose 0.07% to 88.09.

The US Dollar Index Futures was up 0.02% at 93.38.

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Nikkei 225 Edges Up In Asia With Shanghai Also Ahead As Party Meets

Investing.com - Asian shares gained on Wednesday as China's leadership met for a crucial meting that will determine policies and officials in place over the next five years.

Japan's Nikkei 225 inched up 0.05%, while Australia's S&P/ASX 200 gained 0.11%. Rio Tinto (LON:RIO) was charged with fraud by the U.S. Securities and Exchange Commission, Reuters reported.

The mining company had allegedly inflated the price of assets in Mozambique, Rio Tinto said in a statement that it would "vigorously defend itself" against the "unwarranted" case brought by the SEC. Shares of the miner traded in Australia were off 0.08%.

In Greater China, the Hang Seng index rose 0.03% and the Shanghai Composite gained 0.27% as the 19th National Congress of the Communist Party of China commenced in Beijing.

President Xi Jinping highlighted achievements made by China in recent years, but acknowledged challenges that remained ahead. Xi also touted the results of his anti-corruption drive and reiterated Beijing's stance on Taiwanese independence.

Ahead, key data from the world's second-largest economy, including September industrial production and third-quarter GDP numbers, are due on Oct. 19.

Overnight, the rally on Wall Street continued for a second straight day as investors piled into equities anticipating bullish earnings from companies amid a raft of better-than-expected earnings reports.

The Dow Jones Industrial Average closed higher at 22,997.44. The S&P 500 closed 0.05% higher while the Nasdaq Composite closed at 6623, down 0.01%.

Healthcare stocks were the best performing sector of the day, after UnitedHealth Group Incorporated (NYSE:NYSE:UNH) reported better-than-expected earnings, lifting the broader market higher.

A slump in Financials, however, weighed on upside momentum despite earnings reports from both Goldman Sachs Group Inc (NYSE:NYSE:GS) and Morgan Stanley (NYSE:NYSE:MS) that beat estimates on both the top and bottom lines.

"We've had some good earnings reports and third-quarter estimates continue to go higher," said Mike Baele, managing director at U.S. Bank Private Client Reserve. "I think we're poised to have another good earnings season."

On the economic front investors cheered data pointing to underlying strength in the U.S. economy.

U.S. import prices for September recorded their biggest increase in more than a year rising 0.7% for month, the Labor Department said Tuesday. That beat expectations for a 0.5% rise.

U.S. industrial output rose 0.3% in September as construction and utilities production recovered following the impact of Hurricanes Harvey and Irma last month, the Federal Reserve said on Tuesday. Manufacturing production rose 0.1% in September.

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Crude Oil Gains In Asia After API Estimates Offer Support

Investing.com - Crude oil prices gained in Asia on Wednesday as industry estimates of U.S. inventories showed a large that expected drop in crude, though products showed gains over expected declines.

On the New York Mercantile Exchange crude futures for November delivery rose 0.42% to $52.10 a barrel, while on London's Intercontinental Exchange, Brent added 0.29% to $58.28 a barrel.

Crude oil inventories fell by 7.130 million barrels, the American Petroleum Institute (API) said oin Tuesday, more than expected as gasoline stocks rose by 1.94 million barrels and distillates gained 1.64 million barrels missing expectations of declines.

The oil storage hub at Cushing, Oklahoma, showed a drop of 151,000 barrels.

The API estimates will be followed by official data on Wednesday from the Energy Information Administration (EIA).

Crude oil inventories were seen down by 4.750 million barrels, while gasoline stocks are seen down by 1.0 million barrels and distillates off by 1.5 million barrels. The API and EIA figures often diverge.

Overnight, crude oil prices settled flat on Tuesday as expectations of a ramp up in U.S. production weighed on sentiment while easing conflict in Northern Iraq between Iraqi and Kurdish forces lessened concerns over potential supply disruptions in the region.

Crude oil prices came under pressure on renewed oversupply concerns following data indicating that U.S. producers will increase output.

A monthly report from the Energy Information Administration released Monday showed expectations for a rise of 81,000 barrels a day to 6.12 million barrels a day in shale oil production from seven key U.S. shale regions in November.

The recent uptick in crude prices above $50 a barrel is widely viewed as an incentive for shale producers as it’s the price level at which they can ramp up output.

Also weighing on the crude prices was a fall in geopolitical tensions in Northern Iraq as the threat of ongoing fighting between Iraqi and Kurdish forces eased after Kurdish forces pulled out of disputed areas in region.

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PBOC Sets Yuan Parity At 6.5991 Against Dollar

Investing.com - The People's Bank of China set the yuan parity rate against the dollar at 6.5991 on Wednesday, compared to the previous close of 6.6250.

The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate.

Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

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Brazil stocks lower at close of trade; Bovespa down 0.90%

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

At the close in Sao Paulo, the Bovespa lost 0.90%.

The best performers of the session on the Bovespa were Estacio Participacoes SA (SA:ESTC3), which rose 0.91% or 0.28 points to trade at 31.15 at the close. Meanwhile, TAESA UNT N2 (SA:TAEE11) added 0.73% or 0.16 points to end at 22.06 and Equatorial Energia SA (SA:EQTL3) was up 0.50% or 0.31 points to 61.91 in late trade.

The worst performers of the session were Embraer SA (SA:EMBR3), which fell 5.41% or 0.92 points to trade at 16.07 at the close. Fibria Celulose SA (SA:FIBR3) declined 3.69% or 1.99 points to end at 51.93 and Lojas Americanas SA (SA:LAME4) was down 3.28% or 0.61 points to 17.99.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 257 to 114 and 33 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.21% to 27.10 a new 1-month low.

Gold Futures for December delivery was down 1.18% or 15.35 to $1287.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.13% or 0.07 to hit $51.94 a barrel, while the December US coffee C contract rose 0.22% or 0.27 to trade at $124.30 .

USD/BRL was down 0.02% to 3.1574, while EUR/BRL fell 0.01% to 3.7158.

The US Dollar Index Futures was up 0.24% at 93.36.

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Peru stocks lower at close of trade; S&P Lima General down 0.33%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the S&P Lima Juniors, Mining and Food&Beverages sectors led shares lower.

At the close in Lima, the S&P Lima General lost 0.33%.

The best performers of the session on the S&P Lima General were Grana Y Monter (LM:GRA), which rose 2.00% or 0.060 points to trade at 3.060 at the close. Meanwhile, Aceros Arequip (LM:AREi) added 1.47% or 0.010 points to end at 0.690 and Backus Johnsto (LM:BKJi) was up 1.19% or 0.200 points to 17.000 in late trade.

The worst performers of the session were Candente Copper (LM:DNT), which fell 10.00% or 0.0140 points to trade at 0.1260 at the close. Trevali Mining (LM:TV) declined 4.80% or 0.060 points to end at 1.190 and Panoro (LM:PML) was down 4.72% or 0.017 points to 0.343.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 18 to 13 and 11 ended unchanged.

Crude oil for November delivery was up 0.13% or 0.07 to $51.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.03% or 0.02 to hit $58.09 a barrel, while the December Gold Futures contract fell 1.18% or 15.35 to trade at $1287.65 a troy ounce.

USD/PEN was unchanged 0.00% to 3.2445, while EUR/PEN unchanged 0.00% to 3.8129.

The US Dollar Index Futures was up 0.24% at 93.36.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.18%

Investing.com – U.S. stocks were mixed after the close on Tuesday, as gains in the Healthcare, Utilities and Telecoms sectors led shares higher while losses in the Financials, Consumer Goods and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average gained 0.18% to hit a new all time high, while the S&P 500 index gained 0.07%, and the NASDAQ Composite index declined 0.01%.

The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 5.53% or 10.69 points to trade at 203.89 at the close. Meanwhile, Johnson&Johnson (NYSE:JNJ) added 3.43% or 4.67 points to end at 140.79 and Nike Inc (NYSE:NKE) was up 1.23% or 0.63 points to 52.00 in late trade.

The worst performers of the session were Goldman Sachs Group Inc (NYSE:GS), which fell 2.61% or 6.32 points to trade at 236.09 at the close. General Electric Company (NYSE:GE) declined 0.73% or 0.17 points to end at 23.19 and Caterpillar Inc (NYSE:CAT) was down 0.71% or 0.93 points to 130.54.

The top performers on the S&P 500 were WW Grainger Inc (NYSE:GWW) which rose 12.65% to 205.42, Pacific Gas&Electric Co (NYSE:PCG) which was up 7.51% to settle at 57.44 and UnitedHealth Group Incorporated (NYSE:UNH) which gained 5.53% to close at 203.89.

The worst performers were Coty Inc (NYSE:COTY) which was down 4.90% to 16.00 in late trade, Xylem Inc (NYSE:XYL) which lost 4.14% to settle at 63.23 and Mosaic Company (NYSE:MOS) which was down 3.84% to 21.06 at the close.

The top performers on the NASDAQ Composite were Neothetics Inc (NASDAQ:NEOT) which rose 231.15% to 1.72, Social Reality Inc (NASDAQ:SRAX) which was up 70.73% to settle at 4.9000 and Destination Maternity Corporation (NASDAQ:DEST) which gained 48.75% to close at 2.38.

The worst performers were Adomani Inc (NASDAQ:ADOM) which was down 25.69% to 4.83 in late trade, Immune Design Corp (NASDAQ:IMDZ) which lost 18.81% to settle at 8.20 and TDH Holdings Inc (NASDAQ:PETZ) which was down 15.81% to 24.60 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1776 to 1283 and 150 ended unchanged; on the Nasdaq Stock Exchange, 1599 fell and 921 advanced, while 129 ended unchanged.

Shares in UnitedHealth Group Incorporated (NYSE:UNH) rose to all time highs; up 5.53% or 10.69 to 203.89. Shares in UnitedHealth Group Incorporated (NYSE:UNH) rose to all time highs; up 5.53% or 10.69 to 203.89. Shares in Johnson&Johnson (NYSE:JNJ) rose to all time highs; rising 3.43% or 4.67 to 140.79. Shares in Adomani Inc (NASDAQ:ADOM) fell to all time lows; losing 25.69% or 1.67 to 4.83.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 3.94% to 10.30 a new 1-month high.

Gold Futures for December delivery was down 1.13% or 14.66 to $1288.34 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.35% or 0.18 to hit $52.05 a barrel, while the December Brent oil contract rose 0.67% or 0.39 to trade at $58.21 a barrel.

EUR/USD was down 0.24% to 1.1768, while USD/JPY unchanged 0.00% to 112.19.

The US Dollar Index Futures was up 0.24% at 93.36.

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Colombia stocks lower at close of trade; COLCAP down 0.20%

Investing.com – Colombia stocks were lower after the close on Tuesday, as losses in the Financials, Investment and Agriculture sectors led shares lower.

At the close in Colombia, the COLCAP lost 0.20% to hit a new 1-month low.

The best performers of the session on the COLCAP were Ecopetrol SA (CN:ECO), which rose 2.10% or 30.0 points to trade at 1460.0 at the close. Meanwhile, Cemargos (CN:CCB) added 1.04% or 120.0 points to end at 11700.0 and Grupo de Inversiones Suramericana SA (CN:SIS) was up 0.96% or 400.0 points to 42000.0 in late trade.

The worst performers of the session were Avianca Holdings Pf (CN:AVT_p), which fell 3.04% or 85.0 points to trade at 2715.0 at the close. Bancolombia Pf (CN:BIC_p1) declined 1.81% or 600.0 points to end at 32480.0 and Bcolombia (CN:BIC) was down 1.56% or 500.0 points to 31500.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 16 to 10 and 5 ended unchanged.

US coffee C for December delivery was up 0.22% or 0.27 to $124.30 . Elsewhere in commodities trading, US cocoa for delivery in December rose 0.71% or 14.50 to hit $2064.00 , while the December Gold Futures contract fell 1.11% or 14.45 to trade at $1288.55 a troy ounce.

USD/COP was up 0.44% to 2947.79, while BRL/COP rose 0.79% to 932.84.

The US Dollar Index Futures was up 0.25% at 93.37.

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Crude Oil Prices Settle Flat Ahead of Inventory Data

Investing.com – Crude oil prices settled flat on Tuesday as expectations of a ramp up in U.S. production weighed on sentiment while easing conflict in Northern Iraq between Iraqi and Kurdish forces lessened concerns over potential supply disruptions in the region.

On the New York Mercantile Exchange crude futures for November delivery rose 1 cent to settle at $51.88 a barrel, while on London's Intercontinental Exchange, Brent added 20 cents to trade at $58.03 a barrel.

Crude oil prices came under pressure on renewed oversupply concerns following data indicating that U.S. producers will increase output.

A monthly report from the Energy Information Administration released Monday showed expectations for a rise of 81,000 barrels a day to 6.12 million barrels a day in shale oil production from seven key U.S. shale regions in November.

The recent uptick in crude prices above $50 a barrel is widely viewed as an incentive for shale producers as it’s the price level at which they can ramp up output.

“WTI prices have found some breathing room above the $50 [a barrel level] and the market is increasingly concerned that those levels will trigger rising rig counts and stronger production growth further down the line,” said Robbie Fraser, commodity analyst at Schneider Electric (PA:SCHN).

Also weighing on the crude prices was a fall in geopolitical tensions in Northern Iraq as the threat of ongoing fighting between Iraqi and Kurdish forces eased after Kurdish forces pulled out of disputed areas in region.

"The security premium built into prices from the (Iraqi-Kurdish) situation is in the process of vanishing," said John Kilduff, partner at Again Capital LLC in New York.

Crude prices staged a late-session rebound, however, as traders looked ahead to a fresh batch of crude inventory data expected to show a continued draw in crude oil stockpiles.

U.S. crude inventory data from the American Petroleum Institute on Tuesday as well as a further report from EIA on Wednesday are expected to show a decrease in U.S. crude inventories for the fourth-straight week.

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Portugal stocks lower at close of trade; PSI 20 down 0.03%

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

At the close in Lisbon, the PSI 20 declined 0.03%.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 3.52% or 0.0170 points to trade at 0.5000 at the close. Meanwhile, Semapa (LS:SEM) added 1.91% or 0.3200 points to end at 17.0350 and Mota Engil (LS:MOTA) was up 1.04% or 0.0340 points to 3.2990 in late trade.

The worst performers of the session were Ibersol SGPS (LS:IBS), which fell 2.09% or 0.265 points to trade at 12.385 at the close. Altri SGPS (LS:ALSS) declined 1.34% or 0.0730 points to end at 5.3800 and REN (LS:RENE) was down 1.27% or 0.0340 points to 2.6460.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 19 to 17 and 7 ended unchanged.

Shares in Pharol SGPS SA (LS:PHRA) rose to 52-week highs; gaining 3.52% or 0.0170 to 0.5000.

Brent oil for December delivery was down 0.66% or 0.38 to $57.44 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.73% or 0.38 to hit $51.49 a barrel, while the December Gold Futures contract fell 1.15% or 14.99 to trade at $1288.01 a troy ounce.

EUR/USD was down 0.36% to 1.1753, while EUR/GBP rose 0.21% to 0.8920.

The US Dollar Index Futures was up 0.37% at 93.48.

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Finland stocks higher at close of trade; OMX Helsinki 25 up 0.01%

Investing.com – Finland stocks were higher after the close on Tuesday, as gains in the Utilities, Oil&Gas and Healthcare sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 rose 0.01% to hit a new 3-months high.

The best performers of the session on the OMX Helsinki 25 were Fortum Oyj (HE:FORTUM), which rose 1.75% or 0.31 points to trade at 18.06 at the close. Meanwhile, Neste Oil Oyj (HE:NESTE) added 1.68% or 0.65 points to end at 39.39 and Orion Oyj B (HE:ORNBV) was up 1.29% or 0.49 points to 38.54 in late trade.

The worst performers of the session were Valmt (HE:VALMT), which fell 2.46% or 0.40 points to trade at 15.83 at the close. Outokumpu Oyj (HE:OUT1V) declined 1.33% or 0.1200 points to end at 8.9000 and Wartsila Oyj Abp (HE:WRT1V) was down 1.05% or 0.65 points to 61.35.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 71 to 70 and 16 ended unchanged.

Shares in Fortum Oyj (HE:FORTUM) rose to 52-week highs; up 1.75% or 0.31 to 18.06.

Brent oil for December delivery was down 0.73% or 0.42 to $57.40 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.83% or 0.43 to hit $51.44 a barrel, while the December Gold Futures contract fell 1.14% or 14.86 to trade at $1288.14 a troy ounce.

EUR/USD was down 0.35% to 1.1755, while EUR/GBP rose 0.19% to 0.8918.

The US Dollar Index Futures was up 0.35% at 93.47.

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Italy stocks lower at close of trade; Investing.com Italy 40 down 0.29%

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

At the close in Milan, the Investing.com Italy 40 fell 0.29%.

The best performers of the session on the Investing.com Italy 40 were A2A (MI:A2), which rose 0.77% or 0.011 points to trade at 1.447 at the close. Meanwhile, STMicroelectronics (MI:STM) added 0.76% or 0.130 points to end at 17.150 and Enel (MI:ENEI) was up 0.68% or 0.035 points to 5.185 in late trade.

The worst performers of the session were Banca Generali (MI:BGN), which fell 2.88% or 0.83 points to trade at 27.99 at the close. Davide Campari Milano SpA (MI:CPRI) declined 2.33% or 0.15 points to end at 6.50 and Mediaset (MI:MS) was down 2.32% or 0.074 points to 3.112.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 208 to 157 and 23 ended unchanged.

Shares in STMicroelectronics (MI:STM) rose to 5-year highs; gaining 0.76% or 0.130 to 17.150.

Crude oil for November delivery was down 0.83% or 0.43 to $51.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.73% or 0.42 to hit $57.40 a barrel, while the December Gold Futures contract fell 1.15% or 14.95 to trade at $1288.05 a troy ounce.

EUR/USD was down 0.36% to 1.1754, while EUR/GBP rose 0.18% to 0.8917.

The US Dollar Index Futures was up 0.35% at 93.47.

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France stocks lower at close of trade; CAC 40 down 0.03%

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

At the close in Paris, the CAC 40 fell 0.03%, while the SBF 120 index fell 0.04%.

The best performers of the session on the CAC 40 were Airbus Group SE (PA:AIR), which rose 4.65% or 3.59 points to trade at 80.79 at the close. Meanwhile, Danone SA (PA:DANO) added 2.63% or 1.81 points to end at 70.70 and Publicis Groupe SA (PA:PUBP) was up 2.51% or 1.51 points to 61.70 in late trade.

The worst performers of the session were TechnipFMC PLC (PA:FTI), which fell 1.88% or 0.42 points to trade at 22.13 at the close. Lafargeholcim Ltd (PA:LHN) declined 1.84% or 0.91 points to end at 48.47 and Solvay SA (BR:SOLB) was down 1.77% or 2.25 points to 124.60.

The top performers on the SBF 120 were Airbus Group SE (PA:AIR) which rose 4.65% to 80.79, Ipsen (PA:IPN) which was up 4.43% to settle at 117.90 and Technicolor (PA:TCH) which gained 2.72% to close at 2.943.

The worst performers were Sartorius Stedim Biotech (PA:STDM) which was down 13.59% to 51.50 in late trade, Remy Cointreau (PA:RCOP) which lost 2.66% to settle at 106.10 and Iliad (PA:ILD) which was down 2.60% to 218.85 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 316 to 302 and 70 ended unchanged.

Shares in Danone SA (PA:DANO) rose to all time highs; rising 2.63% or 1.81 to 70.70. Shares in Sartorius Stedim Biotech (PA:STDM) fell to 52-week lows; losing 13.59% or 8.10 to 51.50.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 4.98% to 10.81.

Gold Futures for December delivery was down 1.14% or 14.86 to $1288.14 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.81% or 0.42 to hit $51.45 a barrel, while the December Brent oil contract fell 0.73% or 0.42 to trade at $57.40 a barrel.

EUR/USD was down 0.36% to 1.1754, while EUR/GBP rose 0.18% to 0.8917.

The US Dollar Index Futures was up 0.35% at 93.47.

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Poland stocks lower at close of trade; WIG30 down 1.09%

Investing.com – Poland stocks were lower after the close on Tuesday, as losses in the Chemicals, Energy and Food sectors led shares lower.

At the close in Warsaw, the WIG30 declined 1.09%.

The best performers of the session on the WIG30 were Powszechna Kasa Oszczednosci Bank Polski SA (WA:PKO), which rose 0.14% or 0.05 points to trade at 36.78 at the close. Meanwhile, Polski Koncern Naftowy ORLEN SA (WA:PKN) added 0.02% or 0.02 points to end at 130.43 and Alior Bank SA (WA:ALRR) was down 0.13% or 0.09 points to 70.31 in late trade.

The worst performers of the session were ING Bank Śląski SA (WA:INGP), which fell 4.00% or 8.05 points to trade at 192.95 at the close. mBank SA (WA:MBK) declined 3.05% or 14.20 points to end at 450.65 and CD Projekt SA (WA:CDR) was down 2.92% or 3.45 points to 114.50.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 310 to 197 and 154 ended unchanged.

Crude oil for November delivery was down 0.83% or 0.43 to $51.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.73% or 0.42 to hit $57.40 a barrel, while the December Gold Futures contract fell 1.21% or 15.71 to trade at $1287.29 a troy ounce.

EUR/PLN was down 0.00% to 4.2351, while USD/PLN rose 0.34% to 3.6026.

The US Dollar Index Futures was up 0.35% at 93.47.

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U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.14%

Investing.com – U.K. stocks were lower after the close on Tuesday, as losses in the Industrial Metals&Mining, Financial Services and Chemicals sectors led shares lower.

At the close in London, the Investing.com United Kingdom 100 lost 0.14%.

The best performers of the session on the Investing.com United Kingdom 100 were Pearson PLC (LON:PSON), which rose 7.32% or 45.50 points to trade at 667.00 at the close. Meanwhile, International Consolidated Airlines Group S.A. (LON:ICAG) added 2.67% or 16.50 points to end at 635.50 and Hikma Pharmaceuticals PLC (LON:HIK) was up 2.25% or 26.00 points to 1182.00 in late trade.

The worst performers of the session were Merlin Entertainments PLC (LON:MERL), which fell 15.94% or 71.70 points to trade at 378.00 at the close. Mediclinic International PLC (LON:MDCM) declined 4.37% or 29.50 points to end at 645.50 and Standard Life Aberdeen PLC (LON:SLA) was down 3.88% or 17.30 points to 429.00.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1136 to 797 and 440 ended unchanged.

Shares in Merlin Entertainments PLC (LON:MERL) fell to 52-week lows; losing 15.94% or 71.70 to 378.00. Shares in International Consolidated Airlines Group S.A. (LON:ICAG) rose to all time highs; gaining 2.67% or 16.50 to 635.50.

Gold Futures for December delivery was down 1.20% or 15.63 to $1287.37 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.83% or 0.43 to hit $51.44 a barrel, while the December Brent oil contract fell 0.73% or 0.42 to trade at $57.40 a barrel.

GBP/USD was down 0.52% to 1.3184, while EUR/GBP rose 0.18% to 0.8917.

The US Dollar Index Futures was up 0.35% at 93.47.

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Norway stocks lower at close of trade; Oslo OBX down 0.37%

Investing.com – Norway stocks were lower after the close on Tuesday, as losses in the Technology Hardware&Equipment, Materials and Media sectors led shares lower.

At the close in Oslo, the Oslo OBX declined 0.37%.

The best performers of the session on the Oslo OBX were DNO International ASA (OL:DNO), which rose 4.38% or 0.43 points to trade at 10.25 at the close. Meanwhile, Norwegian Air Shuttle ASA (OL:NWC) added 1.94% or 4.4 points to end at 231.0 and REC Silicon ASA (OL:REC) was up 1.05% or 0.01 points to 0.96 in late trade.

The worst performers of the session were Petroleum Geo - Services ASA (OL:PGS), which fell 3.19% or 0.53 points to trade at 16.10 at the close. Subsea 7 SA (OL:SUBC) declined 2.44% or 3.3 points to end at 132.0 and BW LPG Ltd (OL:BWLPG) was down 2.12% or 0.75 points to 34.55.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 103 to 75 and 23 ended unchanged.

Crude oil for November delivery was down 0.93% or 0.48 to $51.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.85% or 0.49 to hit $57.33 a barrel, while the December Gold Futures contract fell 1.23% or 16.05 to trade at $1286.95 a troy ounce.

EUR/NOK was up 0.38% to 9.3491, while USD/NOK rose 0.76% to 7.9549.

The US Dollar Index Futures was up 0.37% at 93.48.

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Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.08%

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

At the close in Stockholm, the OMX Stockholm 30 lost 0.08%.

The best performers of the session on the OMX Stockholm 30 were Svenska Handelsbanken AB A (ST:SHBa), which rose 2.81% or 3.4 points to trade at 124.2 at the close. Meanwhile, Swedbank AB ser A (ST:SWEDa) added 0.98% or 2.1 points to end at 215.5 and Nordea Bank AB (ST:NDA) was up 0.84% or 0.90 points to 108.50 in late trade.

The worst performers of the session were Fingerprint Cards AB ser. B (ST:FINGb), which fell 1.99% or 0.45 points to trade at 22.14 at the close. Skanska AB ser. B (ST:SKAb) declined 1.89% or 3.50 points to end at 181.70 and H&M Hennes&Mauritz AB B (ST:HMb) was down 1.83% or 4.0 points to 215.0.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 429 to 310 and 76 ended unchanged.

Crude oil for November delivery was down 0.89% or 0.46 to $51.41 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.88% or 0.51 to hit $57.31 a barrel, while the December Gold Futures contract fell 1.23% or 16.09 to trade at $1286.91 a troy ounce.

EUR/SEK was up 0.35% to 9.5992, while USD/SEK rose 0.78% to 8.1675.

The US Dollar Index Futures was up 0.37% at 93.48.

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Greece stocks lower at close of trade; Athens General Composite down 0.52%

Investing.com – Greece stocks were lower after the close on Tuesday, as losses in the Household, Industrials and Oil&Gas sectors led shares lower.

At the close in Athens, the Athens General Composite lost 0.52%.

The best performers of the session on the Athens General Composite were Halcor (AT:XAKO), which rose 3.31% or 0.040 points to trade at 1.250 at the close. Meanwhile, Eurobank Ergasias SA (AT:EURBr) added 1.47% or 0.011 points to end at 0.760 and Hellenic Telec (AT:OTEr) was up 1.46% or 0.15 points to 10.45 in late trade.

The worst performers of the session were Select Textile (AT:EPIr), which fell 9.55% or 0.019 points to trade at 0.180 at the close. Attica Bank SA (AT:BOAr) declined 3.39% or 0.002 points to end at 0.057 and National Bank of Greece (AT:NBGr) was down 3.28% or 0.010 points to 0.295.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 61 to 41 and 13 ended unchanged.

Shares in Halcor (AT:XAKO) rose to 3-years highs; up 3.31% or 0.040 to 1.250.

Gold Futures for December delivery was down 1.40% or 18.30 to $1284.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.54% or 0.28 to hit $51.59 a barrel, while the December Brent oil contract fell 0.16% or 0.09 to trade at $57.73 a barrel.

EUR/USD was down 0.40% to 1.1749, while EUR/GBP rose 0.19% to 0.8918.

The US Dollar Index Futures was up 0.42% at 93.53.

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