Click to Verify

Register Now And Get A Free Introduction Lesson

Try us Without Risk


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



Register for No-Loss Guarantee

HOT OPPORTUNITIES

Check how much you could earn on

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

Courses for all skill levels

For beginners

Courses for beginners without previous experience.

Sign Up

For professionals

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

Sign Up

See what others are trading

Find out what’s hot, and what’s not.

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

 
 
 

Market Updates

Dollar off Lows as Sterling, Euro Resume Trend Lower

Investing.com – The dollar moved off session lows as the euro reversed its earlier gains amid ongoing political uncertainty in Italy, while the pound resumed its downward trend adding to dollar strength.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.10% to 93.55.

EUR/USD fell 0.16% to $1.7772, retreating from a session high of $1.1717 as market participants appeared to use the rally as a selling opportunity amid political uncertainty in Italy.

“Political uncertainty in Italy, slowing growth in Europe, stronger growth in the US, and dollar friendly Treasury yields should continue to keep EUR/USD in sell-the-rally mode,” said Action Economics.

A retreat in GBP/USD to $1.3430 from $1.3491 also supported the rebound in the greenback.

The early-session rally in sterling arrived as Bank of England governor Mark Carney cited a more upbeat outlook on the UK economy while his colleague Gertjan Vlieghe predicted that the repo rate could be hiked by up to six times over the next three years.

USD/JPY remained under pressure trading at Y110.99, down 0.07%, despite dovish guidance from both Bank of Japan Governor Haruhiko Kuroda and BoJ Deputy Governor Masazumi Wakatabe Tuesday.

USD/CAD rose 0.19% to C$1.2812 as the rally in oil prices cooled, prompting traders to cut some of their Canadian dollar holdings, supporting a recovery in the pair from a low of C$1.2743.

Read More

Portugal stocks higher at close of trade; PSI 20 up 0.65%

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

At the close in Lisbon, the PSI 20 added 0.65% to hit a new 3-months high.

The best performers of the session on the PSI 20 were Semapa (LS:SEM), which rose 4.42% or 0.9000 points to trade at 21.2500 at the close. Meanwhile, Corticeira Amorim (LS:CORA) added 4.00% or 0.460 points to end at 11.960 and Banco Comercial Portugues (LS:BCP) was up 1.88% or 0.0052 points to 0.2825 in late trade.

The worst performers of the session were EDP (LS:EDP), which fell 1.03% or 0.0360 points to trade at 3.4500 at the close. CTT Correios de Portugal SA (LS:CTT) declined 0.87% or 0.0260 points to end at 2.9580 and EDP Renovaveis (LS:EDPR) was 0.00% or 0.0000 points to 8.2450.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 17 to 10 and 12 ended unchanged.

Shares in Semapa (LS:SEM) rose to all time highs; gaining 4.42% or 0.9000 to 21.2500. Shares in EDP Renovaveis (LS:EDPR) unchanged to all time highs; unchanged 0.00% or 0.0000 to 8.2450.

Brent oil for July delivery was up 0.44% or 0.35 to $79.57 a barrel. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.01% or 0.01 to hit $72.34 a barrel, while the June Gold Futures contract rose 0.16% or 2.10 to trade at $1293.00 a troy ounce.

EUR/USD was down 0.06% to 1.1784, while EUR/GBP fell 0.10% to 0.8773.

The US Dollar Index Futures was up 0.02% at 93.48.

Read More

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.39%

Investing.com – Denmark stocks were higher after the close on Tuesday, as gains in the Industrials, Chemicals and Software&Computer Services sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 rose 0.39%.

The best performers of the session on the OMX Copenhagen 20 were AP Moeller - Maersk A/S B (CO:MAERSKb), which rose 5.07% or 458 points to trade at 9496 at the close. Meanwhile, AP Moeller - Maersk A/S A (CO:MAERSKa) added 4.69% or 405 points to end at 9040 and FLSmidth&Co. (CO:FLS) was up 2.86% or 12.1 points to 435.0 in late trade.

The worst performers of the session were Genmab (CO:GEN), which fell 2.80% or 35.5 points to trade at 1232.5 at the close. Lundbeck A/S (CO:LUN) declined 0.75% or 3.2 points to end at 423.2 and Oersted A/S (CO:ORSTED) was down 0.65% or 2.70 points to 413.10.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 69 to 54 and 23 ended unchanged.

Crude oil for July delivery was up 0.18% or 0.13 to $72.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.69% or 0.55 to hit $79.77 a barrel, while the June Gold Futures contract rose 0.18% or 2.30 to trade at $1293.20 a troy ounce.

USD/DKK was up 0.05% to 6.3187, while EUR/DKK rose 0.02% to 7.4480.

The US Dollar Index Futures was unchanged 0.00% at 93.46.

Read More

Finland stocks higher at close of trade; OMX Helsinki 25 up 0.82%

Investing.com – Finland stocks were higher after the close on Tuesday, as gains in the Utilities, Industrials and Telecoms sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 added 0.82% to hit a new all time high.

The best performers of the session on the OMX Helsinki 25 were Outokumpu Oyj (HE:OUT1V), which rose 5.09% or 0.2960 points to trade at 6.1100 at the close. Meanwhile, Tieto Oyj (HE:TIETO) added 2.55% or 0.76 points to end at 30.58 and KONE Oyj (HE:KNEBV) was up 2.24% or 0.94 points to 42.92 in late trade.

The worst performers of the session were Outotec Oyj (HE:OTE1V), which fell 1.61% or 0.136 points to trade at 8.302 at the close. Orion Oyj B (HE:ORNBV) declined 0.51% or 0.14 points to end at 27.27 and Cargotec Oyj (HE:CGCBV) was down 0.43% or 0.20 points to 45.94.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 73 to 68 and 23 ended unchanged.

Shares in Tieto Oyj (HE:TIETO) rose to 5-year highs; rising 2.55% or 0.76 to 30.58.

Brent oil for July delivery was up 0.91% or 0.72 to $79.94 a barrel. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.32% or 0.23 to hit $72.58 a barrel, while the June Gold Futures contract rose 0.09% or 1.20 to trade at $1292.10 a troy ounce.

EUR/USD was down 0.05% to 1.1785, while EUR/GBP fell 0.11% to 0.8772.

The US Dollar Index Futures was up 0.01% at 93.47.

Read More

Netherlands stocks higher at close of trade; AEX up 0.35%

Investing.com – Netherlands stocks were higher after the close on Tuesday, as gains in the Telecoms, Basic Materials and Financials sectors led shares higher.

At the close in Amsterdam, the AEX added 0.35% to hit a new 5-year high.

The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 61.39% or 0.92 points to trade at 2.42 at the close. Meanwhile, ArcelorMittal SA (AS:MT) added 2.03% or 0.600 points to end at 30.115 and ABN AMRO Group NV (AS:ABNd) was up 1.87% or 0.45 points to 24.48 in late trade.

The worst performers of the session were Galapagos NV (AS:GLPG), which fell 1.26% or 1.080 points to trade at 84.880 at the close. Koninklijke DSM NV (AS:DSMN) declined 0.87% or 0.78 points to end at 88.82 and Wolters Kluwer (AS:WLSNc) was down 0.43% or 0.20 points to 46.45.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 66 to 51 and 15 ended unchanged.

Shares in Altice NV (AS:ATCA) rose to all time lows; gaining 61.39% or 0.92 to 2.42.

The AEX Volatility, which measures the implied volatility of AEX options, was down 2.06% to 11.56.

Crude oil for July delivery was up 0.40% or 0.29 to $72.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.91% or 0.72 to hit $79.94 a barrel, while the June Gold Futures contract rose 0.10% or 1.30 to trade at $1292.20 a troy ounce.

EUR/USD was down 0.04% to 1.1786, while EUR/GBP fell 0.11% to 0.8772.

The US Dollar Index Futures was unchanged 0.00% at 93.46.

Read More

Belgium stocks higher at close of trade; BEL 20 up 0.45%

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

At the close in Brussels, the BEL 20 rose 0.45%.

The best performers of the session on the BEL 20 were Ontex Group (BR:ONTEX), which rose 8.47% or 1.92 points to trade at 24.60 at the close. Meanwhile, Aperam SA (AS:APAM) added 2.52% or 1.04 points to end at 42.27 and KBC (BR:KBC) was up 2.03% or 1.440 points to 72.280 in late trade.

The worst performers of the session were Etablissementen Fr Colruyt NV (BR:COLR), which fell 1.33% or 0.64 points to trade at 47.55 at the close. Galapagos NV (AS:GLPG) declined 1.26% or 1.080 points to end at 84.880 and Sofina (BR:SOF) was down 0.68% or 1.00 points to 146.60.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 63 to 59 and 15 ended unchanged.

Gold Futures for June delivery was up 0.08% or 1.00 to $1291.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.25% or 0.18 to hit $72.53 a barrel, while the July Brent oil contract rose 0.81% or 0.64 to trade at $79.86 a barrel.

EUR/USD was down 0.07% to 1.1783, while EUR/GBP fell 0.14% to 0.8770.

The US Dollar Index Futures was up 0.01% at 93.47.

Read More

Poland stocks lower at close of trade; WIG30 down 0.64%

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

At the close in Warsaw, the WIG30 declined 0.64%.

The best performers of the session on the WIG30 were Bank Millennium SA (WA:MILP), which rose 2.70% or 0.22 points to trade at 8.37 at the close. Meanwhile, Kernel Holding SA (WA:KER) added 2.22% or 1.20 points to end at 55.20 and Jastrzebska Spotka Weglowa SA (WA:JSW) was up 0.93% or 0.80 points to 87.20 in late trade.

The worst performers of the session were OrangePL (WA:OPL), which fell 2.71% or 0.14 points to trade at 5.02 at the close. Grupa Lotos SA (WA:LTSP) declined 2.63% or 1.50 points to end at 55.60 and Polski Koncern Naftowy ORLEN SA (WA:PKN) was down 2.56% or 2.20 points to 83.72.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 250 to 195 and 192 ended unchanged.

Crude oil for July delivery was up 0.55% or 0.40 to $72.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.27% or 1.01 to hit $80.23 a barrel, while the June Gold Futures contract rose 0.09% or 1.10 to trade at $1292.00 a troy ounce.

EUR/PLN was down 0.19% to 4.2835, while USD/PLN fell 0.15% to 3.6343.

The US Dollar Index Futures was down 0.02% at 93.44.

Read More

Norway stocks lower at close of trade; Oslo OBX down 0.53%

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

At the close in Oslo, the Oslo OBX declined 0.53%.

The best performers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 9.18% or 23.00 points to trade at 273.50 at the close. Meanwhile, Golden Ocean Group Ltd (OL:GOGLT) added 4.07% or 2.70 points to end at 69.00 and BW LPG Ltd (OL:BWLPG) was up 2.88% or 0.86 points to 30.71 in late trade.

The worst performers of the session were Grieg Seafood (OL:GSFO), which fell 10.07% or 10.30 points to trade at 92.00 at the close. SalMar ASA (OL:SALM) declined 5.53% or 20.60 points to end at 352.90 and Leroy Seafood Group ASA (OL:LSG) was down 3.16% or 1.8 points to 55.7.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 94 to 82 and 26 ended unchanged.

Crude oil for July delivery was up 0.70% or 0.51 to $72.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.46% or 1.16 to hit $80.38 a barrel, while the June Gold Futures contract rose 0.08% or 1.00 to trade at $1291.90 a troy ounce.

EUR/NOK was down 0.20% to 9.4729, while USD/NOK fell 0.13% to 8.0394.

The US Dollar Index Futures was unchanged 0.00% at 93.46.

Read More

Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.11%

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

At the close in Stockholm, the OMX Stockholm 30 fell 0.11%.

The best performers of the session on the OMX Stockholm 30 were Nordea Bank AB (ST:NDA), which rose 2.09% or 1.84 points to trade at 89.80 at the close. Meanwhile, SSAB AB ser. A (ST:SSABa) added 2.07% or 1.04 points to end at 51.30 and Skandinaviska Enskilda Banken AB A (ST:SEBa) was up 1.14% or 0.96 points to 85.16 in late trade.

The worst performers of the session were Tele2 AB (ST:TEL2b), which fell 3.65% or 4.15 points to trade at 109.40 at the close. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) declined 1.64% or 1.11 points to end at 66.53 and Getinge AB ser. B (ST:GETIb) was down 1.62% or 1.4 points to 85.1.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 339 to 265 and 72 ended unchanged.

Crude oil for July delivery was up 0.70% or 0.51 to $72.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.46% or 1.16 to hit $80.38 a barrel, while the June Gold Futures contract rose 0.07% or 0.90 to trade at $1291.80 a troy ounce.

EUR/SEK was down 0.07% to 10.2183, while USD/SEK fell 0.00% to 8.6723.

The US Dollar Index Futures was unchanged 0.00% at 93.46.

Read More

Goldman Sachs: Play 'High Revenue' Growth Stocks

Investing.com - Go for "high revenue growth" companies, if you want to beat what looks to be a lackluster performance for stocks in the coming year.
So says Goldman Sachs (NYSE:GS).
In a note to the clients, the firm highlighted a group of companies with estimated sales growth of more than 20% in 2019.
Goldman says its previous list of such companies outperformed the S&P 500 by 8% over the past 12 months.
This year's list includes some high-flying, old favorites, such as Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX).
Lesser-known companies on the list include Autodesk (NASDAQ:ADSK) and Vertex Pharmaceuticals (NASDAQ:VRTX).
Goldman's end-of-year price target for the S&P 500 is 2,850. That's slightly less than the index's January high and one of the more conservative forecasts among Wall Street firms.

Read More

Israel stocks lower at close of trade; TA 35 down 0.54%

Investing.com – Israel stocks were lower after the close on Tuesday, as losses in the Biomed, Banking and Technology sectors led shares lower.

At the close in Tel Aviv, the TA 35 fell 0.54%.

The best performers of the session on the TA 35 were Harel (TA:HARL), which rose 2.00% or 55 points to trade at 2800 at the close. Meanwhile, Big Shopping Centers Ltd (TA:BIG) added 1.58% or 370 points to end at 23730 and Isramco Negev 2 LP (TA:ISRAp) was up 1.18% or 0.5 points to 42.7 in late trade.

The worst performers of the session were OPKO Health Inc (TA:OPK), which fell 8.29% or 121 points to trade at 1338 at the close. Bazan Oil Refineries Ltd (TA:ORL) declined 1.85% or 3.0 points to end at 159.0 and Paz Oil (TA:PZOL) was down 1.67% or 880 points to 51840.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 231 to 170 and 20 ended unchanged.

Crude oil for July delivery was up 0.66% or 0.48 to $72.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.57% or 1.24 to hit $80.46 a barrel, while the June Gold Futures contract rose 0.05% or 0.70 to trade at $1291.60 a troy ounce.

USD/ILS was down 0.38% to 3.5618, while EUR/ILS fell 0.51% to 4.1943.

The US Dollar Index Futures was up 0.04% at 93.50.

Read More

Stocks- Wall Street Continues to Rise on U.S., China Trade Talks

Investing.com – Wall Street continued its rally on Tuesday, as the U.S. and China made progress on trade talks.

The S&P 500 was up six points or 0.24% to 2,739.53 as of 9:40 AM ET (13:40 GMT) while the Dow composite increased over 23 points or 0.09% to 25,036.50 and tech heavy NASDAQ Composite rose 33 points or 0.46% to 7,427.81.

China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%.

High tariffs on automobiles had been one of the complaints of the U.S. administration. The two countries are working towards a trade agreement, with the trade war between the U.S. and China currently “on hold,” U.S. Treasury Secretary Steven Mnuchin said on Sunday.

Meanwhile the U.S. is nearly a deal to lift a ban on U.S. firms supplying telecoms firm ZTE (HK:0763).

Technology stocks were among the biggest gainers after the morning bell. Apple (NASDAQ:AAPL) was up 0.56% while Tesla (NASDAQ:TSLA) inched up 0.09% and Facebook (NASDAQ:FB) gained 0.23%. Meanwhile Micron Technology Inc (NASDAQ:MU) surged 6.43% while Walt Disney Company (NYSE:DIS) increased 1.00%

Elsewhere retail firm Kohl’s Corporation (NYSE:KSS) was down 2.30% despite reporting a higher than expected earnings, while JC Penney Company Inc Holding (NYSE:JCP) fell 3.80%. Sony Corp ADR (NYSE:SNE) was down 1.49% after news that it was buying out EMI Music Publishing.

In Europe stocks were up. Germany’s DAX rose 112 points or 0.86% while in France the CAC 40 increased seven points or 0.13% and in London, the FTSE 100 was up 22 points or 0.29%. Meanwhile the pan-European Euro Stoxx 50 gained 15 points or 0.44% while Spain’s IBEX 35 surged 62 points or 0.62%.

In commodities, gold futures rose 0.19% to $1,293.30 a troy ounce while crude oil futures increased 0.10% to $72.42 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.03% to 93.43.

Read More

Cryptos Lower; Mining Company Launches $2 Billion IPO

Investing.com - Cryptocurrencies were lower on Tuesday, with Bitcoin nearing the $8,000 mark, not far from last week’s low of $7,972.40.

Bitcoin was trading at $8,201.10, falling 3.45% as of 8:20 AM ET (12:20 GMT) on the Bitfinex exchange.

Despite the decrease in digital asset values, the second largest Bitcoin mining firm has announced plans to raise $2 billion in an initial public offering in July. It would be the biggest bitcoin focused IPO so far.

Canaan Inc, a cryptocurrency mining rig firm, is planning to raise the money not as a bitcoin firm, but as a chip designer with focus on blockchain and artificial intelligence, Reuters reported on Tuesday. The Beijing-based company was given regulator approval last month, despite a cryptocurrency mining crackdown in China.

As the price and interest in virtual currencies grew, demand for digital token mining gear rose but with Bitcoin prices down 40% this year, interest in mining has fallen.

Still, Canaan’s revenue grew by 3% year-on-year, with 1.3 billion yuan (around $204 million) in revenue in 2017.

The price of other digital coins fell on Tuesday, with Ethereum, the world’s second largest cryptocurrency by market cap, down 3.98% to $682.90 on the Bitfinex exchange. Ripple, the third largest virtual currency, decreased 3.98% to $0.66055 while Litecoin was at $132.21, a slump of 2.98%.

In other news, global investment firm eToro is expanding its cryptocurrency offerings and is planning to launch an exchange and digital wallet, including into the U.S. The social investing site already offers 10 virtual currencies and is planning to add more.

Meanwhile, cryptocurrencies are becoming political in the U.S., which could impact the future of digital currencies. In California, Republican Congressional candiate Brian Forde has raised nearly $100,000 in virtual currency donations. As the former head of MIT's Digitual Currency Initiative, he is thought to be a supporter of digital currencies and plans to use blockchain technology to record constituents policy preferences. Across the country, bitcoin supporter Manny Alicandro announced in early May that he is running on the GOP ticket for New York Attorney General.

Read More

Norway's Central Bank Weighing Digital Currency

Investing.com - Norway's central bank says a decline in the use of cash has it considering whether it should create a digital currency.
According to a report by the bank, the currency could serve three functions: as a reliable alternative to deposits at private banks; legal tender as a supplement to cash; and as an independent backup solution to electronic payment systems.
Though a digital currency has appeal, the bank stressed that it should not interfere with the ability of the bank and other financial institutions to provide credit.
The central bank report says authorities are only in the initial stage of studying the possibility of a digital currency, but they have yet to identify any issues that would rule it out.
Sweden and China are both studying the introduction of a central bank digital currency. Japan's central bank recently rejected the idea.

Read More

Stocks- U.S. Futures Continue Rally as China Cuts Vehicle Import Tariffs

Investing.com – Wall Street looked set to continue its rally on Tuesday, as trade war worries between the U.S. and China eased.

The S&P 500 futures was up three points or 0.13% to 2,736.50 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 41 points or 0.16% to 25,043.0. Meanwhile tech heavy Nasdaq 100 futures rose 22 points or 0.32% to 6,938.00.

China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%.

High tariffs on automobiles had been one of the complaints of the U.S. administration. The two countries are working towards a trade agreement, with the trade war between the U.S. and China currently “on hold,” U.S. Treasury Secretary Steven Mnuchin said on Sunday.

Meanwhile investors will be looking to the last big financial reports as earnings season continues to wind down on Tuesday. The last big retailers Kohl’s Corporation (NYSE:KSS) and TJX Companies Inc (NYSE:TJX) are expected to report ahead of the morning bell, with reports from AutoZone (NYSE:AZO), HP Inc (NYSE:HPQ) and others also expected later in the day.

General Electric (NYSE:GE) was among the top gainers in pre-market trading, rising 1.38% while Micron Technology Inc (NASDAQ:MU) was up 4.54% and Chinese e-commerce giant Alibaba (NYSE:BABA) inched up 0.58%.

Elsewhere Nokia (HE:NOKIA) Corp ADR (NYSE:NOK) (HE:NOKIA) dipped 1.28% while Seadrill Limited (NYSE:SDRL) fell 9.26%.

In Europe stocks were mostly up. Germany’s DAX rose 12 points or 0.10% while in France the CAC 40 decreased five points or 0.07% and in London, the FTSE 100 was up 11 points or 0.15%. Meanwhile the pan-European Euro Stoxx 50 gained three points or 0.10% while Spain’s IBEX 35 rallied 57 points or 0.57%.

In commodities, gold futures rose 0.22% to $1,293.70 a troy ounce while crude oil futures increased 0.25% to $72.53 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.17% to 93.30.

Read More

Indonesia stocks higher at close of trade; IDX Composite Index up 0.30%

Investing.com – Indonesia stocks were higher after the close on Tuesday, as gains in the Miscellaneous Industry, Manufacturing and Basic Industry sectors led shares higher.

At the close in Jakarta, the IDX Composite Index gained 0.30%.

The best performers of the session on the IDX Composite Index were Mitra Investindo Tbk (JK:MITI), which rose 34.65% or 35 points to trade at 136 at the close. Meanwhile, Eterindo Wahanatama Tbk (JK:ETWA) added 33.78% or 25 points to end at 99 and Multi Prima Sejahtera Tbk (JK:LPIN) was up 20.88% or 190 points to 1100 in late trade.

The worst performers of the session were Steady Safe TBK PT (JK:SAFE), which fell 19.23% or 50 points to trade at 210 at the close. Visi Telekomunikasi Infrastruktur Tbk PT (JK:GOLD) declined 10.29% or 50 points to end at 436 and Pembangunan Jaya Ancol Tbk (JK:PJAA) was down 10.00% or 140 points to 1260.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 196 to 180 and 113 ended unchanged.

Shares in Mitra Investindo Tbk (JK:MITI) rose to 3-years highs; rising 34.65% or 35 to 136.

Crude oil for July delivery was up 0.36% or 0.26 to $72.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.58% or 0.46 to hit $79.68 a barrel, while the June Gold Futures contract rose 0.26% or 3.40 to trade at $1294.30 a troy ounce.

USD/IDR was down 0.76% to 14128.8, while AUD/IDR rose 0.13% to 10712.00.

The US Dollar Index Futures was down 0.22% at 93.25.

Read More

Philippines stocks lower at close of trade; PSEi Composite down 0.15%

Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Mining&Oil, Banking&Financials and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.15%.

The best performers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 2.31% or 7.40 points to trade at 328.40 at the close. Meanwhile, Megaworld Corp (PS:MEG) added 1.96% or 0.090 points to end at 4.680 and Ayala Corp (PS:AC) was up 1.49% or 14.00 points to 954.00 in late trade.

The worst performers of the session were Semirara Mining Corp (PS:SCC), which fell 3.04% or 0.90 points to trade at 28.75 at the close. Metro Pacific Investments Corp (PS:MPI) declined 2.06% or 0.100 points to end at 4.750 and GT Capital Holdings Inc (PS:GTCAP) was down 1.97% or 20.00 points to 995.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 109 to 79 and 44 ended unchanged.

Gold Futures for June delivery was up 0.19% or 2.40 to $1293.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.44% or 0.32 to hit $72.67 a barrel, while the July Brent oil contract rose 0.67% or 0.53 to trade at $79.75 a barrel.

CNY/PHP was up 0.16% to 8.2123, while USD/PHP fell 0.08% to 52.305.

The US Dollar Index Futures was down 0.19% at 93.28.

Read More

Gold Prices Edge Higher But Stay Near Yearly Lows

Investing.com - Gold prices were little changed in early dealings on Tuesday, hovering not far off a 2018 low struck in the previous session, as improved appetite for riskier assets sapped demand for the yellow metal.

Comex gold futures were up around 0.1% at $1,291.30 a troy ounce by 4:10AM ET (0810GMT). In the previous session, it slid to as low as $1,281.20, its weakest level since December 27.

Gold's losses on Monday came after a truce between the United States and China calmed fears that a trade war might be imminent.

Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.

That news boosted U.S. equities and Treasury yields, underpinning the dollar as a result and weighing on gold.

Looking ahead, the market is awaiting the minutes of the Federal Reserve's last policy meeting due to be released on Wednesday.

Expectations that the U.S. central bank will lift U.S. interest rates again next month have added to recent downward pressure on gold.

Higher U.S. rates tend to boost the dollar and push bond yields up, make non-yielding assets like bullion less attractive.

Among other precious metals, silver and palladium were both slightly higher at $16.59 an ounce and $991.30 an ounce, respectively.

Platinum rose 0.4% at $903.30 an ounce, after marking a fresh low for the year in the previous session at $873.50.

Meanwhile, copper rose 0.9% to $3.126 a pound on renewed optimism about global growth after the U.S./China agreement.

Read More

Oil Prices Hold Near 2014 Highs Amid Global Supply Jitters

Investing.com - Oil prices edged higher on Tuesday, staying near their strongest levels in three-and-a-half-years as investors fretted over the future output from Venezuela and Iran.

New York-traded WTI crude futures tacked on 35 cents, or roughly 0.5%, to $72.70 a barrel by 3:40AM ET (0740GMT), a level last seen in November 2014.

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., ticked up 53 cents, or about 0.7%, to $79.75 a barrel, not far from recent highs of $80.50 scaled last week.

Oil prices rallied on Monday over concerns that the U.S. will impose new sanctions on Venezuela after President Nicolas Maduro won a second six-year term in a weekend vote his critics denounced as a farce cementing autocracy in the crisis-stricken oil producer.

Venezuela's oil output has already dropped by a third in two years to its lowest level in decades.

Concerns that looming U.S. sanctions on Iran will curb that country's crude exports also boosted prices.

The White House laid out new demands for Iran on Monday, which said any new nuclear deal with the U.S. would require Iran to stop enriching uranium and to pull its support for militant groups in the Middle East.

Iran is a major Middle East oil producer and member of the Organization of the Petroleum Exporting Countries (OPEC).

Oil market participants now looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer.

Industry group the American Petroleum Institute is due to release its weekly report at 4:30PM ET (2030GMT). Official data from the Energy Information Administration will be released Wednesday, amid forecasts for an oil-stock drop of around 2.8 million barrels.

Read More

China stocks higher at close of trade; Shanghai Composite up 0.02%

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Oil Equipment Services&Distribution, Gas, Water&Multiutilities and Retailers sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.02% to hit a new 1-month high, while the SZSE Component index climbed 0.00%.

The best performers of the session on the Shanghai Composite were Suzhou Douson Drilling&Production Equipment Co Ltd (SS:603800), which rose 10.02% or 1.820 points to trade at 19.990 at the close. Meanwhile, Chahua Modern Housewares Co Ltd (SS:603615) added 10.01% or 1.32 points to end at 14.51 and GuangDong Super Telecom Co Ltd (SS:603322) was up 10.00% or 3.210 points to 35.320 in late trade.

The worst performers of the session were Qian Jiang Water Resources Development Co Ltd (SS:600283), which fell 5.63% or 0.770 points to trade at 12.900 at the close. Future Land Holdings Co Ltd (SS:601155) declined 4.78% or 1.530 points to end at 30.470 and Poly Real Estate Group Co Ltd (SS:600048) was down 3.93% or 0.540 points to 13.210.

The top performers on the SZSE Component were Harbin Gloria Pharmaceuticals (SZ:002437) which rose 10.02% to 6.26, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which was up 7.49% to settle at 4.02 and Fujian Sunner Development Co Ltd (SZ:002299) which gained 6.70% to close at 16.56.

The worst performers were Focused Photonics Hangzhou Inc (SZ:300203) which was down 4.44% to 26.26 in late trade, Goldleaf Jewelry Co Ltd (SZ:000587) which lost 3.57% to settle at 7.02 and Shenzhen Shenxin Taifeng Group Co Ltd (SZ:000034) which was down 3.48% to 22.22 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 714 to 583 and 83 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 20.68.

Gold Futures for June delivery was down 0.04% or 0.50 to $1290.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.51% or 0.37 to hit $72.72 a barrel, while the July Brent oil contract rose 0.74% or 0.59 to trade at $79.81 a barrel.

USD/CNY was down 0.13% to 6.3745, while EUR/CNY fell 0.13% to 7.5160.

The US Dollar Index Futures was down 0.09% at 93.38.

Read More

Australia stocks lower at close of trade; S&P/ASX 200 down 0.71%

Investing.com – Australia stocks were lower after the close on Tuesday, as losses in the IT, Telecoms Services and Gold sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.71%.

The best performers of the session on the S&P/ASX 200 were James Hardie Industries PLC (AX:JHX), which rose 4.01% or 0.900 points to trade at 23.350 at the close. Meanwhile, Blackmores Ltd (AX:BKL) added 2.10% or 2.62 points to end at 127.62 and Asaleo Care (AX:AHY) was up 2.22% or 0.030 points to 1.380 in late trade.

The worst performers of the session were Altium Ltd (AX:ALU), which fell 7.48% or 1.710 points to trade at 21.160 at the close. Technology One Ltd (AX:TNE) declined 6.06% or 0.300 points to end at 4.650 and G8 Education Ltd (AX:GEM) was down 4.32% or 0.115 points to 2.545.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 757 to 485 and 368 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 13.18% to 13.466 a new 1-month high.

Gold Futures for June delivery was down 0.02% or 0.30 to $1290.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.36% or 0.26 to hit $72.61 a barrel, while the July Brent oil contract rose 0.32% or 0.25 to trade at $79.47 a barrel.

AUD/USD was up 0.12% to 0.7590, while AUD/JPY rose 0.01% to 84.20.

The US Dollar Index Futures was down 0.02% at 93.44.

Read More

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.21%

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

At the close in NYSE, the Dow Jones Industrial Average rose 1.21% to hit a new 1-month high, while the S&P 500 index gained 0.74%, and the NASDAQ Composite index added 0.54%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 3.61% or 12.69 points to trade at 363.92 at the close. Meanwhile, United Technologies Corporation (NYSE:UTX) added 2.28% or 2.86 points to end at 128.05 and Caterpillar Inc (NYSE:CAT) was up 2.06% or 3.21 points to 158.92 in late trade.

The worst performers of the session were Merck&Company Inc (NYSE:MRK), which fell 0.96% or 0.57 points to trade at 58.57 at the close. Johnson&Johnson (NYSE:JNJ) declined 0.42% or 0.52 points to end at 123.72 and Nike Inc (NYSE:NKE) was up 0.08% or 0.06 points to 71.38.

The top performers on the S&P 500 were Chesapeake Energy Corporation (NYSE:CHK) which rose 13.55% to 4.610, Range Resources Corporation (NYSE:RRC) which was up 6.00% to settle at 16.08 and Kimco Realty Corporation (NYSE:KIM) which gained 4.20% to close at 14.64.

The worst performers were Fifth Third Bancorp (NASDAQ:FITB) which was down 7.93% to 30.90 in late trade, Celgene Corporation (NASDAQ:CELG) which lost 4.70% to settle at 74.69 and Symantec Corporation (NASDAQ:SYMC) which was down 2.70% to 21.59 at the close.

The top performers on the NASDAQ Composite were SenesTech Inc (NASDAQ:SNES) which rose 296.07% to 1.25, Alliance MMA Inc (NASDAQ:AMMA) which was up 65.63% to settle at 0.62 and Adomani Inc (NASDAQ:ADOM) which gained 51.79% to close at 1.70.

The worst performers were MabVax Therapeutics Holdings Inc (NASDAQ:MBVX) which was down 23.16% to 1.360 in late trade, Sesen Bio Inc (NASDAQ:SESN) which lost 23.00% to settle at 2.3100 and Carver Bancorp Inc (NASDAQ:CARV) which was down 18.51% to 6.780 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2149 to 932 and 112 ended unchanged; on the Nasdaq Stock Exchange, 1498 rose and 1068 declined, while 104 ended unchanged.

Shares in Celgene Corporation (NASDAQ:CELG) fell to 3-years lows; down 4.70% or 3.68 to 74.69. Shares in Nike Inc (NYSE:NKE) rose to all time highs; gaining 0.08% or 0.06 to 71.38.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.38% to 13.10.

Gold Futures for June delivery was up 0.07% or 0.90 to $1292.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.70% or 1.21 to hit $72.58 a barrel, while the July Brent oil contract rose 1.18% or 0.93 to trade at $79.44 a barrel.

EUR/USD was up 0.17% to 1.1791, while USD/JPY rose 0.23% to 111.02.

The US Dollar Index Futures was down 0.15% at 93.44.

Read More

Canada stocks higher at close of trade; S&P/TSX Composite up 0.12%

Investing.com – Canada stocks were higher after the close on Monday, as gains in the Healthcare, IT and Clean Technology sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.12% to hit a new 3-months high.

The best performers of the session on the S&P/TSX Composite were Aurora Cannabis Inc (TO:ACB), which rose 9.72% or 0.700 points to trade at 7.900 at the close. Meanwhile, Canopy Growth Corp (TO:WEED) added 8.72% or 2.890 points to end at 36.030 and Torex Gold Resources Inc (TO:TXG) was up 3.90% or 0.500 points to 13.320 in late trade.

The worst performers of the session were Labrador Iron Ore Royalty Corp (TO:LIF), which fell 3.07% or 0.67 points to trade at 21.15 at the close. Element Fleet Management Corp (TO:EFN) declined 2.51% or 0.15 points to end at 5.82 and Trican Well Service Ltd . (TO:TCW) was down 2.31% or 0.080 points to 3.380.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 0 to 0.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.07% to 11.97 a new 1-month low.

Gold Futures for June delivery was up 0.08% or 1.00 to $1292.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.67% or 1.19 to hit $72.56 a barrel, while the July Brent oil contract rose 1.18% or 0.93 to trade at $79.44 a barrel.

CAD/USD was up 0.72% to 0.7818, while CAD/EUR rose 0.59% to 0.6632.

The US Dollar Index Futures was down 0.14% at 93.45.

Read More

Colombia stocks lower at close of trade; COLCAP down 0.25%

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

At the close in Colombia, the COLCAP fell 0.25% to hit a new 1-month low.

The best performers of the session on the COLCAP were Cemargos (CN:CCB), which rose 2.07% or 180.0 points to trade at 8880.0 at the close. Meanwhile, Corporacion Financiera Colombiana SA (CN:CFV) added 2.24% or 520.0 points to end at 23780.0 and Etb (CN:ETB) was up 1.82% or 7.0 points to 392.0 in late trade.

The worst performers of the session were Cemex Latam Holdings SA (CN:CLH), which fell 3.50% or 300.0 points to trade at 8260.0 at the close. Canacol Energy Ltd (CN:CNE) declined 0.32% or 30.0 points to end at 9390.0 and Bancolombia Pf (CN:BIC_p1) was down 0.55% or 180.0 points to 32620.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 15 to 11 and 6 ended unchanged.

US coffee C for July delivery was up 1.66% or 1.96 to $120.08 . Elsewhere in commodities trading, US cocoa for delivery in July fell 2.08% or 55.50 to hit $2616.00 , while the June Gold Futures contract rose 0.05% or 0.60 to trade at $1291.90 a troy ounce.

USD/COP was down 1.50% to 2877.50, while BRL/COP fell 0.03% to 781.44.

The US Dollar Index Futures was down 0.12% at 93.47.

Read More

Crude Oil Prices Settle Higher Amid Rising Geopolitical Uncertainty

Investing.com – WTI crude oil prices settled higher on Monday as geopolitical uncertainty rose after weekend elections in Venezuela viewed as illegitimate raised the prospect of US sanctions on the country’s exports.

On the New York Mercantile Exchange crude futures for July delivery rose 1.4% to settle at $72.24 a barrel, while on London's Intercontinental Exchange, Brent gained 1.06% to trade at $79.36 a barrel.

Venezuela’s Nicolas Maduro risked further pressure from the International community as his re-election win on Sunday, raised the prospect of US sanctions on the Venezuela, which would further batter the country’s beleaguered energy industry.

Ahead of U.S. sanctions on Iran, meanwhile, U.S. Secretary of State Mike Pompeo threatened even tougher sanctions against the Islamic Republic. Pompeo claimed the sanctions would be the “strongest in history when complete.”

The prospect for a disruption to global oil supplies is expected to increase the pace of rebalancing in the oil market, prompting analysts to raise their forecast for oil prices.

Citigroup raised its base-case oil-price forecast by $10 a barrel in 2018, up to $75 barrel annual average and said oil prices would continue to trend higher through 2018.

"Our expectation for balancing, from a market currently in deficit, has been pushed to the second quarter of 2019 from the third quarter of 2018 period we expected previously," Citigroup said.

The bank sees Venezuelan production likely falling below 1 million barrels per day before the end of the year. Output in Venezuela has dropped by a third in two years to its lowest in decades, according to Reuters.

Traders, continued, however, to take profits on the recent rally in oil prices as data showed they cut their bullish bets on crude oil for the fourth straight week.

CFTC COT data showed money managers reduced their net long positions in crude futures to 644,400 lots from 679,900 lots for the week ended May 16.

Read More

Gold Prices Rise From Lows as Dollar Pares Gains

Investing.com – Gold prices rose from lows on Monday on dollar weakness but remained under pressure amid easing trade war fears and signs of waning demand for the yellow metal.

Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $1.20, or 0.10%, to $1,291.30 a troy ounce.

Gold prices recovered from lows of $1,281.20 as the dollar’s leap to a fresh five-month high was met with resistance, curbing downside momentum in the precious metal.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose to a fresh five-month high of 93.94 before paring most of its gains.

A stronger dollar makes gold more expensive for holders of foreign currency, reducing demand for the yellow metal.

After posting its worst weekly loss for the year on Friday, gold had started the week on the back foot as U.S. Treasury Secretary Steven Mnuchin’s comments of a pause on the U.S.-China trade war, weighed on safe-haven demand.

“We’re putting the trade war on hold,” Mnuchin said on Fox News Sunday.

Demand for gold appeared to be waning as data on Friday showed that traders were less optimistic on upside in the yellow metal, trimming their holdings of gold last week.

CFTC COT data showed money managers reduced their net long positions in gold futures to 92,400 lots from 107,400 lots for the week ended May 16.

In other precious metal trade, silver futures rose 0.27% to $16.50 a troy ounce, while platinum futures gained 0.96% to $895.00 an ounce.

Copper rose 1% to $3.094.

Read More

Nigeria stocks lower at close of trade; NSE 30 down 0.18%

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

At the close in Lagos, the NSE 30 fell 0.18% to hit a new 1-month low.

The best performers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 4.92% or 0.30 points to trade at 6.10 at the close. Meanwhile, Diamond Bank (LAGOS:DIAMONB) added 4.52% or 0.070 points to end at 1.620 and Fidelitybk (LAGOS:FIDELIT) was up 2.33% or 0.050 points to 2.200 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 4.81% or 1.05 points to trade at 20.80 at the close. Guiness Nig (LAGOS:GUINNES) declined 2.84% or 2.95 points to end at 101.05 and Fbn Holdings (LAGOS:FBNH) was down 2.71% or 0.300 points to 10.750.

Falling stocks outnumbered advancing ones on the Lagos by 55 to 42 and 10 ended unchanged.

Crude oil for July delivery was up 1.16% or 0.83 to $72.20 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.71% or 0.56 to hit $79.07 a barrel, while the June Gold Futures contract rose 0.01% or 0.10 to trade at $1291.40 a troy ounce.

EUR/NGN was down 0.26% to 423.040, while USD/NGN rose 0.14% to 361.000.

The US Dollar Index Futures was down 0.02% at 93.56.

Read More

Morocco stocks lower at close of trade; Moroccan All Shares down 0.34%

Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Oil&Gas, Real Estate and Distributors sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.34% to hit a new 3-months low.

The best performers of the session on the Moroccan All Shares were BMCI (CS:BMCI), which rose 5.82% or 55 points to trade at 1000 at the close. Meanwhile, Cartier Saada (CS:CRS) added 3.25% or 0.78 points to end at 24.78 and Atlanta (CS:ATL) was up 3.11% or 2.38 points to 79.00 in late trade.

The worst performers of the session were Stroc Industrie (CS:STR), which fell 7.62% or 3.30 points to trade at 40.00 at the close. Centrale Danone (CS:CDA) declined 5.64% or 42 points to end at 707 and Involys (CS:INV) was down 5.12% or 6.50 points to 120.50.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 22 to 4 and 5 ended unchanged.

Shares in Stroc Industrie (CS:STR) fell to 52-week lows; down 7.62% or 3.30 to 40.00.

Crude oil for July delivery was up 1.08% or 0.77 to $72.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.65% or 0.51 to hit $79.02 a barrel, while the June Gold Futures contract fell 0.14% or 1.80 to trade at $1289.50 a troy ounce.

EUR/MAD was up 0.03% to 11.1210, while USD/MAD rose 0.04% to 9.4511.

The US Dollar Index Futures was up 0.03% at 93.61.

Read More

Portugal stocks higher at close of trade; PSI 20 up 0.60%

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

At the close in Lisbon, the PSI 20 rose 0.60%.

The best performers of the session on the PSI 20 were Banco Comercial Portugues (LS:BCP), which rose 1.82% or 0.0050 points to trade at 0.2790 at the close. Meanwhile, The Navigator Company SA (LS:NVGR) added 1.50% or 0.0800 points to end at 5.4150 and Altri SGPS (LS:ALSS) was up 1.44% or 0.1100 points to 7.7300 in late trade.

The worst performers of the session were Sonae (LS:YSO), which fell 1.38% or 0.0160 points to trade at 1.1440 at the close. Pharol SGPS SA (LS:PHRA) declined 1.28% or 0.0035 points to end at 0.2700 and REN (LS:RENE) was down 0.38% or 0.0100 points to 2.6140.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 18 to 12 and 6 ended unchanged.

Shares in The Navigator Company SA (LS:NVGR) rose to all time highs; gaining 1.50% or 0.0800 to 5.4150. Shares in Altri SGPS (LS:ALSS) rose to all time highs; rising 1.44% or 0.1100 to 7.7300.

Brent oil for July delivery was up 0.53% or 0.42 to $78.93 a barrel. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.97% or 0.69 to hit $72.06 a barrel, while the June Gold Futures contract fell 0.18% or 2.30 to trade at $1289.00 a troy ounce.

EUR/USD was unchanged 0.00% to 1.1771, while EUR/GBP rose 0.45% to 0.8778.

The US Dollar Index Futures was up 0.01% at 93.59.

Read More

Dollar Retreats as EUR/USD Claws Back Losses

Investing.com – The dollar eased from fresh five month highs as gains on the back of abating trade war fears were offset by a recovery in the euro from multi-month lows.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.01% to 93.59, easing from a five-month high of 93.97.

EUR/USD rose 0.03% to $1.1774, bouncing from a five-month low of $1.1717 but market participants said the rally would be temporary as ongoing political uncertainty in Italy would keep a lid on upside momentum.

“Political uncertainty in Italy, slowing growth in Europe, stronger growth in the US, and dollar friendly Treasury yields should continue to keep EUR/USD in sell-the-rally mode,” said Action Economics.

Prior to retreating, the dollar was up sharply as U.S. Treasury Secretary Steven Mnuchin’s comments of a pause on the U.S.-China trade war, triggered a wave of buys on the greenback against safe-haven currencies like the yen.

“We’re putting the trade war on hold,” Mnuchin said on Fox News Sunday.

USD/JPY rose 0.29% to Y11.09, after hitting a high of Y111.40.

A slump in GBP/USD to $1.3409, down 0.45%, added support for the greenback amid ongoing Brexit concerns and raft of recent weaker U.K. economic data.

USD/CAD fell 0.54% to C$1.2815 as a surge in oil prices supported the Canadian dollar, weighing on the pair.

The uptick in oil prices come as Venezuela’s Nicolas Maduro risked further pressure from the International community following his re-election win on Sunday, raising the prospect of further sanctions on the country, stifling its beleaguered energy industry.

Read More

Trade On The Go

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

Why Trade Online?

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

Start Now