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Market Updates

India stocks higher at close of trade; Nifty 50 up 0.77%

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

At the close in NSE, the Nifty 50 gained 0.77% to hit a new 1-month high, while the BSE Sensex 30 index added 0.85%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 4.52% or 7.55 points to trade at 173.95 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.69% or 6.85 points to end at 192.55 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 3.09% or 58.90 points to 1960.35 in late trade.

The worst performers of the session were Kotak Mahindra Bank Ltd. (NS:KTKM), which fell 2.70% or 33.95 points to trade at 1222.45 at the close. Infosys Ltd (NS:INFY) declined 1.88% or 13.30 points to end at 694.40 and Bajaj Finserv Ltd (NS:BJFS) was down 1.42% or 87.90 points to 6087.80.

The top performers on the BSE Sensex 30 were Tata Motors Ltd DVR (BO:TAMdv) which rose 4.42% to 95.70, Tata Motors Ltd (BO:TAMO) which was up 4.10% to settle at 173.75 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 3.77% to close at 192.50.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 2.50% to 1223.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.71% to settle at 693.55 and Bharti Airtel Ltd (BO:BRTI) which was down 1.30% to 314.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 897 to 679 and 74 ended unchanged; on the Bombay Stock Exchange, 1338 rose and 1180 declined, while 145 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.07% to 14.5400 a new 1-month low.

Gold Futures for February delivery was up 0.17% or 2.15 to $1243.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.09% or 0.56 to hit $52.03 a barrel, while the February Brent oil contract rose 1.24% or 0.75 to trade at $61.03 a barrel.

USD/INR was down 0.63% to 71.525, while EUR/INR fell 0.26% to 81.1470.

The US Dollar Index Futures was down 0.20% at 96.713.

Read More

Top 5 Things to Know in The Market on Monday

Investing.com - Here are the top five things you need to know in financial markets on Monday, December 17:

1. U.S. Futures Point to Higher Open

U.S. stock futures pointed to a slightly higher open at the start of the trading week.

At 5:40AM ET (10:40 GMT), the blue-chip Dow futures were up 40 points, or around 0.2%, the S&P 500 futures tacked on 5 points, or about 0.2%, while the tech-heavy Nasdaq 100 futures indicated a gain of 19 points, or roughly 0.3%.

The move in premarket comes after Wall Street tumbled 2% on Friday, as weak data from China and Europe stoked fears of a global economic slowdown. Friday also marked the first time since March 2016 that all major indexes closed in correction territory.

Elsewhere, European stocks started the week on the backfoot, with all the major bourses in the region trading in negative territory.

Earlier, stocks in Asia closed mostly higher. Investors are now looking to a major speech by President Xi Jinping on Tuesday to mark the 40th anniversary of China's economic reforms.

2. U.S. Dollar, Treasury Yields Slip

Away from equities, the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, dipped 0.2% to 96.72, pulling back from the 19-month high of 97.70 it hit on Friday.

In the bond market, U.S. Treasury yields inched lower, with the benchmark 10-year note standing at 2.88%, while the yield on U.S. government bonds with 2-year maturities stood at 2.72%.

Investors awaited cues on U.S. interest rate hikes from a Federal Reserve meeting later this week.

The Fed is widely expected to announce its fourth rate hike of 2018 on Wednesday, but more importantly, investors will be watching for signals from the U.S. central bank on its plans for next year.

While policymakers have pointed to three increases in 2019, the market is starting to bet the U.S. central bank may halt its rate hikes altogether next year as risks to the U.S. economy mount.

3. Oil Prices Tick Higher

In commodities, oil prices ticked higher, staging a modest rebound after falling by more than 2% in the prior session amid concerns over demand in the wake of weaker growth in major economies.

U.S. West Texas Intermediate crude futures were up 48 cents, or about 0.9%, at $51.95 per barrel.

International Brent crude oil futures were at $60.88 per barrel, up 60 cents, or 1%.

Indications that U.S. drilling activity fell to its lowest level in about two months helped ease worries about oversupply in the market.

Read more: Commodities Week Ahead: Oil Awaits Year End To Play Out: Barani Krishnan

4. U.S.-China Trade Dispute Rumbles On

The United States said that China's "unfair competitive practices" were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, the latest development in the ongoing U.S.-Sino trade dispute.

U.S. trade ambassador Dennis Shea also said that Washington would lead reform efforts.

He was addressing the start of a two-day review of U.S. trade policies, held every two years at the WTO, which continues on Wednesday.

U.S. President Donald Trump and Chinese President Xi Jinping agreed last month to hold off on additional tariffs on each other's goods for 90 days in order to allow for negotiations to continue.

Washington and Beijing have been engaged in a trade dispute for the most part of the year, with both countries slapping tariffs on several of each other's products.

5. UK PM May to Rule Out Second Referendum

In Europe, British Prime Minister Theresa May was expected to state her opposition to a second Brexit referendum in an address to parliament today.

Another ballot "would do irreparable damage to the integrity of our politics, because it would say to millions who trusted in democracy, that our democracy does not deliver," the prime minister will say, according to prepared remarks released in advance.

With just over 100 days until Britain leaves the bloc on March 29, Brexit remains up in the air with growing calls for a no-deal exit, a potentially disorderly divorce that business fears would be highly damaging, or for a second referendum.

The pound was a shade higher at 1.2610 (GBP/USD).

-- Reuters contributed to this report

Read More

Euro Zone Annual Inflation Revised Down to 1.9% in November

Investing.com - Euro zone consumer price inflation for November was unexpectedly revised lower on Monday, adding to skepticism that the European Central Bank will be able to move ahead with an interest rate hike in 2019.

The bloc’s statistics agency Eurostat said that CPI rose 1.9% in November from the same month a year earlier.

Consensus had expected no change from the initial estimate of 2.0%.

Core inflation, which excludes energy, food, alcohol and tobacco prices, rose by an annual rate of 1.0%, unchanged from the preliminary estimate and in line with forecasts.

The ECB targets a headline inflation rate of close to, but just below 2%.

At its last policy meeting earlier this month, the ECB left interest rates on hold and confirmed plans to wind up its massive bond purchasing stimulus program. While no longer adding additional purchases to its €2.6 trillion ($2.96 trillion) four-year-long bond buying program, the monetary authority plans to reinvest principal payments from maturing securities “for an extended period of time past the date when it starts raising the key ECB interest rates”.

ECB president Mario Draghi indicated that the risks to the euro area growth outlook remained “broadly balanced”, but warned that the balance was “moving to the downside owing to the persistence of uncertainties related to geopolitical factors, the threat of protectionism, vulnerabilities in emerging markets and financial market volatility.”

Despite the decision to halt the asset purchase program, markets have become increasingly skeptical about the ECB moving ahead with a rate hike in the coming year.

“With the end of the net-QE purchases, all eyes will be on the timing of the first rate hike,” ING economists commented. “However, given doubts about the strength of the Eurozone recovery and underlying inflation not gaining momentum, the ECB will take a very dovish stance, pushing the timing of a first deposit rate hike towards the end of the year. A refi-rate hike may not happen until 2020!”

Read More

China stocks mixed at close of trade; Shanghai Composite up 0.16%

Investing.com – China stocks were mixed after the close on Monday, as gains in the Telecoms, Mobile and Banking sectors led shares higher while losses in the Oil Equipment Services&Distribution, Life Insurance and Travel&Leisure sectors led shares lower.

At the close in Shanghai, the Shanghai Composite rose 0.16%, while the SZSE Component index declined 0.48%.

The best performers of the session on the Shanghai Composite were Guangzhou Pearl River Industrial Development Co Ltd (SS:600684), which rose 10.05% or 0.400 points to trade at 4.380 at the close. Meanwhile, ARTS Group Co Ltd (SS:603017) added 10.00% or 1.030 points to end at 11.330 and Kunwu Jiuding Investment Holdings Co Ltd (SS:600053) was up 9.99% or 1.800 points to 19.820 in late trade.

The worst performers of the session were Join in Holding Co Ltd (SS:600745), which fell 8.65% or 2.370 points to trade at 25.030 at the close. Laobaixing Pharmacy Chain Joint Stock Co (SS:603883) declined 8.20% or 4.650 points to end at 52.090 and Shanghai Runda Medical Technology Co Ltd (SS:603108) was down 7.51% or 0.650 points to 8.000.

The top performers on the SZSE Component were Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which rose 10.00% to 24.20, Shenzhen Agricultural Products Co Ltd (SZ:000061) which was up 8.38% to settle at 5.56 and Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which gained 7.31% to close at 9.10.

The worst performers were By health (SZ:300146) which was down 10.01% to 18.87 in late trade, Sichuan Danfu Compressor Co Ltd (SZ:002366) which lost 9.15% to settle at 10.52 and Wonders Information (SZ:300168) which was down 7.03% to 11.77 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 700 to 696 and 79 ended unchanged.

Shares in Laobaixing Pharmacy Chain Joint Stock Co (SS:603883) fell to 52-week lows; falling 8.20% or 4.650 to 52.090.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.51% to 26.40.

Gold Futures for February delivery was up 0.05% or 0.65 to $1242.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.16% or 0.08 to hit $51.55 a barrel, while the February Brent oil contract unchanged 0.00% or 0.00 to trade at $60.28 a barrel.

USD/CNY was down 0.13% to 6.8985, while EUR/CNY fell 0.12% to 7.8088.

The US Dollar Index Futures was down 0.04% at 96.868.

Read More

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.14%

Investing.com – Taiwan stocks were higher after the close on Monday, as gains in the Transport, Oil, Gas&Electricity and Cement sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted rose 0.14%.

The best performers of the session on the Taiwan Weighted were Chaintech Technology Corp (TW:2425), which rose 9.96% or 3.55 points to trade at 39.20 at the close. Meanwhile, Bonny Worldwide Ltd (TW:8467) added 9.92% or 3.00 points to end at 33.25 and Thunder Tiger Corp (TW:8033) was up 7.13% or 0.57 points to 8.56 in late trade.

The worst performers of the session were San Chih Semiconductor Inc Ltd (TW:3579), which fell 9.96% or 0.78 points to trade at 7.05 at the close. Green Energy Technology Inc (TW:3519) declined 9.96% or 0.55 points to end at 4.97 and Sumagh High Tech Corp (TW:1475) was down 8.84% or 1.10 points to 11.35.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 472 to 311 and 127 ended unchanged.

Shares in San Chih Semiconductor Inc Ltd (TW:3579) fell to all time lows; down 9.96% or 0.78 to 7.05. Shares in Green Energy Technology Inc (TW:3519) fell to all time lows; down 9.96% or 0.55 to 4.97.

Crude oil for February delivery was up 0.17% or 0.09 to $51.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.03% or 0.02 to hit $60.26 a barrel, while the February Gold Futures contract rose 0.01% or 0.15 to trade at $1241.55 a troy ounce.

USD/TWD was down 0.03% to 30.846, while TWD/CNY fell 0.09% to 0.2240.

The US Dollar Index Futures was down 0.02% at 96.895.

Read More

Australia stocks higher at close of trade; S&P/ASX 200 up 1.00%

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

At the close in Sydney, the S&P/ASX 200 added 1.00%.

The best performers of the session on the S&P/ASX 200 were Mineral Resources Ltd (AX:MIN), which rose 10.56% or 1.510 points to trade at 15.810 at the close. Meanwhile, Emeco Holdings Ltd (AX:EHL) added 6.91% or 0.150 points to end at 2.320 and Vocus Group Ltd (AX:VOC) was up 5.35% or 0.170 points to 3.350 in late trade.

The worst performers of the session were Australian Pharma Industries Ltd (AX:API), which fell 7.52% or 0.120 points to trade at 1.475 at the close. Perpetual Ltd (AX:PPT) declined 3.99% or 1.330 points to end at 32.010 and Sigma Pharmaceuticals Ltd (AX:SIG) was down 1.72% or 0.010 points to 0.570.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 584 to 535 and 355 ended unchanged.

Shares in Perpetual Ltd (AX:PPT) fell to 5-year lows; down 3.99% or 1.330 to 32.010.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.48% to 16.151.

Gold Futures for February delivery was down 0.07% or 0.90 to $1240.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.14% or 0.07 to hit $51.54 a barrel, while the February Brent oil contract fell 0.05% or 0.03 to trade at $60.25 a barrel.

AUD/USD was down 0.07% to 0.7172, while AUD/JPY rose 0.06% to 81.39.

The US Dollar Index Futures was up 0.01% at 96.915.

Read More

Crypto Prices Lower as Hong Kong Tightens Regulations

Investing.com - Cryptocurrency prices traded lower on Monday in Asia following reports that Hong Kong would tighten regulations on digital coins.

Bitcoin slipped 0.6% to $3,263.9 and Ethereum also dropped 1.7% to $85.2 at 12:13 AM ET (05:13 GMT).

XRP slipped 1.32% to $0.28874, while Litecoin inched up 1.0% to $26.183.

Citing the Securities and Futures Commission’s guidelines, South China Morning Post (SCMP) reported that the regulator would soon require local investment funds to obtain a license if more than 10% of the assets they manage are made up of cryptocurrencies. The funds can only sell related products to professional investors, according to the report.

Growing concerns over fraud and money laundering have prompted the regulator into action, SCMP said. The new regulations will be implemented in stages, it added.

“The requirements of the SFC initiative may prove too burdensome for some operators”, said Timothy Loh, who manages a law firm in the territory.

Last Friday, crypto prices slumped on reports that wash trading still dominates most Bitcoin trading volumes.

Fake trading makes up about 80% of the top 25 Bitcoin pairs by volume, a report from the Blockchain Transparency Institute found. Called wash trading, its a form of manipulation by which an investor both sells and buys to create misleading activity on the market.

“Most of these pairs actual volume is under 1% of their reported volume on [CoinMarketCap]. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex,” the report said.

Bitcoin traded 4% lower on Friday on the news, while other major cryptocurrency prices slumped about 5%.

Read More

Oil Prices Edge Up as North America Cuts Crude Rigs

Investing.com - Oil prices edged up on Monday morning in Asia after the number of crude drilling rigs in the U.S. and Canada fell last week, easing some concerns about global oversupply.

Crude Oil WTI Futures for February delivery edged up 0.23% to $51.59 a barrel at 11:07 PM ET (04:07 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for February were trading at $60.33 per barrel on London’s Intercontinental Exchange.

North America reduced 11 oil rigs in total as of Dec. 14 compared to a week ago, with the U.S. cutting four rigs and Canada losing seven. The total count of the U.S. drillers dropped to the lowest in two months, while that of Canada fell to a six-month low, according to energy services firm Baker Hughes last Friday and data research platform YCharts.

“Oil is finding support as the drop in Baker Hughes rig counts points to a near-term slowdown in U.S. production,” Stephen Innes, head of trading for APAC at futures brokerage Oanda, told Reuters.

“This, when combined with [expectations] Saudi Arabia…is to cut exports to the U.S. to draw down inventory builds (there) should provide a short-term base despite global slowdown fears, which continue to resonate.”

Oil production cartel, the Organization of the Petroleum Exporting Countries (OPEC), and its allies reached a decision at the meeting earlier this month to cut output from January, pushing up oil prices.

However, Bloomberg reported that Russia’s central bank still cut its crude price outlook for 2019 from $63 to $55 per barrel thanks to “fast output increase” in the U.S.

“The OPEC+ deal allows to limit these risks, but doesn’t remove them," The Bank of Russia Governor Elvira Nabiullina was cited as saying. "Events of this year clearly show how fast producers can increase shale-oil production when prices remain high.”.

The U.S. Energy Information Administration forecasts that crude production in the country will be 12.1 million barrels per day (bpd) next year, up from an estimated 10.9 million bpd on average this year.

Read More

Gold / Silver / Copper Prices - Weekly Outlook: December 17 - 21

Investing.com - This week precious metals traders will be focusing on Wednesday’s Federal Reserve monetary policy meeting for its impact on the U.S. dollar, which heavily influences gold’s performance.

The Fed is widely expected to deliver a quarter point interest rate hike at its meeting on Wednesday and will also update its economic projections and the dot plot of interest rate projections.

A post-policy meeting press conference by Fed Chair Jerome Powell will be closely watched. Concerns about the outlook for global growth along with trade tensions and market volatility have prompted traders to push back expectations on the expected pace of Fed rate hikes in 2019.

Gold fell to its lowest level in almost two weeks on Friday as robust U.S. economic data boosted the U.S. currency.

Gold futures settled down 0.41% at $1,242.30 on the Comex division of the New York Mercantile Exchange late Friday, after falling as low as $1,236.50 earlier. For the week, gold was down 0.89%.

The dollar rose to a 19-month high after data showed U.S. consumer spending appeared to gather momentum while industrial production rebounded in November.

Gold is often sensitive to movements in the dollar. A stronger greenback is seen as a headwind for commodities priced in dollars as it makes them more expensive to holders of other currencies.

“The key driver (of prices) in the next few sessions is going to be the markets' expectations for the Fed," said Suki Cooper, precious metals analyst at Standard Chartered Bank.

"With the Fed rate hike next week, any gold price rise will be hampered by expected dollar strength," said Ronan Manly, a precious metals analyst at Singapore-based dealer BullionStar.

Gold prices rose to a five-month peak of $1,250.55 an ounce on Monday, but has given up all the gains as the dollar strengthened against a basket of major currencies.

"With China's economy slowing, along with Germany and parts of the European Union, one would expect interest in the gold market," Walter Pehowich, executive vice president of investment services at Dillon Gage Metals, wrote in a note.

"But with the dollar being so strong ... it's going to take a major news story to bring the price of gold back in favor with investors."

Elsewhere in metals trading, silver was down 1.43% to $14.643 a troy ounce, to end the week 0.4% lower, while copper ended at $2.753, off 0.51% for the day.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, December 17

The euro zone is to release revised inflation data and figures on trade.

The U.S. is to report on manufacturing activity in the New York region.

Tuesday, December 18

The Reserve Bank of Australia is to publish the minutes of its latest monetary policy meeting.

The Ifo Institute is to report on German business climate.

The U.S. is to release data on building permits and housing starts.

Wednesday, December 19

The UK is to publish inflation data.

Canada is also to release its latest inflation figures.

The U.S. is to report on existing home sales.

The Federal Reserve is to announce its federal funds rate and publish updated economic projections at its last policy meeting of the year.

Thursday, December 20

New Zealand is to release data on gross domestic product and trade.

Australia is to publish its employment report.

The Bank of Japan is to announce its benchmark interest rate and publish a rate statement, which outlines economic conditions and the factors affecting the monetary policy decision.

The UK is to release data on retail sales.

The Bank of England is to announce its latest monetary policy decision.

The U.S. is to publish the weekly report on initial jobless claims and data on manufacturing activity in the Philadelphia region.

Friday, December 21

The UK is to publish revised data on GDP along with reports on net borrowing and the current account.

Canada is to report on GDP and retail sales, while the Bank of Canada is to publish its business outlook survey.

The U.S. is to round up the week with revised data on GDP, reports on durable goods orders and personal spending and revised figures on consumer sentiment.

-- Reuters contributed to this report

Read More

Cardano Dips Below 0.028092 Level, Down 3%

Investing.com - Cardano fell bellow the $0.028092 level on Saturday. Cardano was trading at 0.028092 by 06:29 (11:29 GMT) on the Investing.com Index, down 2.84% on the day. It was the largest one-day percentage loss since December 13.

The move downwards pushed Cardano's market cap down to $728.43093M, or 0.72% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B.

Cardano had traded in a range of $0.027665 to $0.028564 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 6.18%. The volume of Cardano traded in the twenty-four hours to time of writing was $10.25759M or 0.09% of the total volume of all cryptocurrencies. It has traded in a range of $0.0277 to $0.0324 in the past 7 days.

At its current price, Cardano is still down 97.92% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,220.3 on the Investing.com Index, down 2.52% on the day.

XRP was trading at $0.28800 on the Investing.com Index, a loss of 2.45%.

Bitcoin's market cap was last at $56.14762B or 55.28% of the total cryptocurrency market cap, while XRP's market cap totaled $11.74304B or 11.56% of the total cryptocurrency market value.

Read More

Stocks - Dow Plunges to Second Weekly Loss as Dour December Continues

Investing.com – The Dow closed lower for the second-straight week on Friday, as fears over slowing global growth triggered a steep selloff across stocks on Wall Street.

The Dow Jones Industrial Average fell 2.02%, and is down 1.2% for the week. The S&P 500 dropped 1.91%, while the Nasdaq Composite lost 2.26%.

A sea of red washed over Wall Street, as weak industrial output and retail sales from China and subdued eurozone growth data flagged concerns about global growth, prompting traders to abandon stocks.

The selloff was led by health care on the back of slump in the shares of Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson fell more than 10% after Reuters reported the company knew for decades that its talcum baby powder contained asbestos, something the company denied.

Apple (NASDAQ:AAPL), meanwhile, weighed on tech as analysts continued to warn about weaker iPhone sales, sending its share price more than 3% lower.

TF International Securities analyst Ming-Chi Kuo cut his estimate for first quarter 2019 by 20% to a range of 38 million to 42 million units.

Ahead of the Federal Reserve meeting next week, investors continued to abandon bank stocks, pressuring financials, which have fallen about 10% so far this month.

Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) were down on the day.

The corporate earnings front offered little solace for investors as Costco's (NASDAQ:COST) mixed results were punished, adding to concerns that retailers are set for a tough holiday period.

Analysts at RBC Capital Markets downplayed the results, citing store traffic growth that remained "healthy."

Autos, however, managed to weather the selloff storm somewhat after China said it will temporarily reduce tariffs on imports of American-made cars.

The Chinese Finance Ministry said in a statement that it will cut tariffs on car imports from the United States to 15% from 40% for three months starting Jan. 1.

General Motors (NYSE:GM) and Ford (NYSE:F) closed roughly flat for the day.

Strong retail sales data, meanwhile, were largely cast aside in the midst of the selloff, even as analysts said the data pointed to strong consumer spending and underlying strength in the broader economy.

"The strength of this number will surely force Q4 growth estimates higher. As for us, we went into this number looking for Q4 consumption of 3.2% and we will now take that to 3.5%. That takes Q4 GDP to 3.1% from 2.9%," RBC said in a note to clients.

Top S&P 500 Gainers and Losers Today:

Scana Corporation (NYSE:SCG), up 6.3%, Sealed Air (NYSE:SEE), up 4.8%, and Public Storage (NYSE:PSA), up 2.29%, were among the top S&P 500 gainers for the session

Johnson & Johnson (NYSE:JNJ), down 10%, Costco (NASDAQ:COST), down 8.6%, and Universal Health Services (NYSE:UHS), down 8.2%, were among the worst S&P 500 performers of the session.

Read More

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.02%

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Healthcare, Oil&Gas and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 2.02% to hit a new 6-months low, while the S&P 500 index fell 1.91%, and the NASDAQ Composite index fell 2.26%.

The best performers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 0.69% or 0.87 points to trade at 126.77 at the close. Meanwhile, Procter&Gamble Company (NYSE:PG) added 0.16% or 0.15 points to end at 96.64 and Verizon Communications Inc (NYSE:VZ) was down 0.02% or 0.01 points to 57.08 in late trade.

The worst performers of the session were Johnson&Johnson (NYSE:JNJ), which fell 10.04% or 14.84 points to trade at 133.00 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 4.35% or 3.58 points to end at 78.74 and Cisco Systems Inc (NASDAQ:CSCO) was down 3.48% or 1.65 points to 45.82.

The top performers on the S&P 500 were Scana Corporation (NYSE:SCG) which rose 6.30% to 50.98, Sealed Air Corporation (NYSE:SEE) which was up 4.75% to settle at 33.94 and Public Storage (NYSE:PSA) which gained 2.22% to close at 203.47.

The worst performers were Johnson&Johnson (NYSE:JNJ) which was down 10.04% to 133.00 in late trade, Chesapeake Energy Corporation (NYSE:CHK) which lost 9.69% to settle at 2.330 and Costco Wholesale Corporation (NASDAQ:COST) which was down 8.59% to 207.06 at the close.

The top performers on the NASDAQ Composite were Cancer Genetics Inc (NASDAQ:CGIX) which rose 50.00% to 0.555, Alliqua BioMedical Inc (NASDAQ:ALQA) which was up 26.29% to settle at 2.690 and Marin Software Inc (NASDAQ:MRIN) which gained 18.29% to close at 3.040.

The worst performers were Idera Pharmaceuticals Inc (NASDAQ:IDRA) which was down 39.70% to 3.980 in late trade, Synergy Pharmaceuticals Inc (NASDAQ:SGYP) which lost 38.56% to settle at 0.080 and Advaxis Inc (NASDAQ:ADXS) which was down 36.82% to 0.24 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2378 to 685 and 91 ended unchanged; on the Nasdaq Stock Exchange, 1999 fell and 642 advanced, while 77 ended unchanged.

Shares in Scana Corporation (NYSE:SCG) rose to 52-week highs; up 6.30% or 3.02 to 50.98. Shares in Chesapeake Energy Corporation (NYSE:CHK) fell to 52-week lows; losing 9.69% or 0.250 to 2.330. Shares in Procter&Gamble Company (NYSE:PG) rose to all time highs; up 0.16% or 0.15 to 96.64. Shares in Idera Pharmaceuticals Inc (NASDAQ:IDRA) fell to 52-week lows; falling 39.70% or 2.620 to 3.980. Shares in Synergy Pharmaceuticals Inc (NASDAQ:SGYP) fell to all time lows; down 38.56% or 0.050 to 0.080. Shares in Advaxis Inc (NASDAQ:ADXS) fell to all time lows; falling 36.82% or 0.14 to 0.24.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 4.75% to 21.63.

Gold Futures for February delivery was down 0.43% or 5.40 to $1242.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.62% or 1.38 to hit $51.20 a barrel, while the February Brent oil contract fell 1.92% or 1.18 to trade at $60.27 a barrel.

EUR/USD was down 0.50% to 1.1304, while USD/JPY fell 0.20% to 113.39.

The US Dollar Index Futures was up 0.41% at 97.455.

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Brazil stocks lower at close of trade; Bovespa down 0.44%

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

At the close in Sao Paulo, the Bovespa declined 0.44%.

The best performers of the session on the Bovespa were Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4), which rose 7.50% or 1.65 points to trade at 23.65 at the close. Meanwhile, Estacio Participacoes SA (SA:ESTC3) added 2.18% or 0.53 points to end at 24.85 and Cielo SA (SA:CIEL3) was up 1.94% or 0.18 points to 9.44 in late trade.

The worst performers of the session were Via Varejo SA (SA:VVAR3), which fell 7.45% or 0.35 points to trade at 4.35 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) declined 2.80% or 0.27 points to end at 9.38 and Centrais Eletricas Brasileiras SA (SA:ELET6) was down 2.50% or 0.73 points to 28.50.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 227 to 206 and 38 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.66% to 33.08.

Gold Futures for February delivery was down 0.46% or 5.80 to $1241.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.83% or 1.49 to hit $51.09 a barrel, while the March US coffee C contract fell 1.78% or 1.85 to trade at $102.25 .

USD/BRL was up 0.63% to 3.9159, while EUR/BRL rose 0.18% to 4.4275.

The US Dollar Index Futures was up 0.40% at 97.440.

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Colombia stocks lower at close of trade; COLCAP down 0.91%

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

At the close in Colombia, the COLCAP fell 0.91% to hit a new 52-week low.

The best performers of the session on the COLCAP were Banco De Bogota SA (CN:BBO), which rose 1.71% or 960.0 points to trade at 57000.0 at the close. Meanwhile, Almacenes Exito SA (CN:IMI) added 0.16% or 20.0 points to end at 12220.0 and Grupo Nutresa SA (CN:NCH) was up 0.09% or 20.0 points to 23520.0 in late trade.

The worst performers of the session were Cementos Argos Pf (CN:CCB_p), which fell 7.80% or 460.0 points to trade at 5440.0 at the close. Avianca Holdings Pf (CN:AVT_p) declined 4.21% or 80.0 points to end at 1820.0 and Etb (CN:ETB) was down 2.51% or 7.0 points to 272.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 20 to 4 and 3 ended unchanged.

Shares in Cementos Argos Pf (CN:CCB_p) fell to all time lows; down 7.80% or 460.0 to 5440.0. Shares in Avianca Holdings Pf (CN:AVT_p) fell to 52-week lows; losing 4.21% or 80.0 to 1820.0.

US coffee C for March delivery was down 1.78% or 1.85 to $102.25 . Elsewhere in commodities trading, US cocoa for delivery in March fell 0.84% or 19.00 to hit $2231.00 , while the February Gold Futures contract fell 0.43% or 5.40 to trade at $1242.00 a troy ounce.

USD/COP was up 0.56% to 3197.80, while BRL/COP fell 0.04% to 816.62.

The US Dollar Index Futures was up 0.38% at 97.428.

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Amazon.com Falls 3%

Investing.com - Amazon.com (NASDAQ:AMZN) fell by 3.07% to trade at $1,607.41 by 14:39 (19:39 GMT) on Friday on the NASDAQ exchange.

The volume of Amazon.com shares traded since the start of the session was 3.83M. Amazon.com has traded in a range of $1,606.07 to $1,642.57 on the day.

The stock has traded at $1,718.9301 at its highest and $1,590.8700 at its lowest during the past seven days.

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Dollar Set for Weekly Gain on Strong Retail Sales

Investing.com - The U.S. dollar was on track for weekly gain against its rivals Friday, as strong retail sales data affirmed the U.S. economy remains on a solid footing.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.43% to 97.78.

The Commerce Department said on Wednesday that retail sales rose 0.2% last month, topping economists’ forecast for a 0.1% rise. The retail sales control group -- which has a larger impact on U.S. GDP -- rose 0.9%, above expectations for a 0.4% gain.

The strong retail sales print suggested consumer spending remained robust, pointing to signs of solid economic growth for the final quarter.

"The strength of this number will surely force Q4 growth estimates higher. As for us, we went into this number looking for Q4 consumption of 3.2% and we will now take that to 3.5%. That takes Q4 GDP to 3.1% from 2.9%," RBC said in a note to clients.

The greenback was also supported by a slump in the pound to a 20-month low amid fears UK Prime Minister Theresa May's failure to win key concessions from the European Union to support her Brexit deal could stifle economic growth.

GBP/USD fell 0.44% to $1.2580, but remain above its session low $1.2530.

EUR/USD fell 0.50% to $1.1304 after Eurozone PMI data fell short of estimates.

USD/CAD, meanwhile, rose 0.17% to C$1.3377.

USD/JPY fell 0.28% to Y113.31 as demand for safe-haven yen improved following a rout on Wall Street amid concerns over slowing global growth.

-- Reuters contributed to this report.

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MarketPulse: Retailers See Red as Costco Crumbles on Earnings Miss

Investing.com - Costco and Shopify fell sharply, keeping retailers on the back foot even as data showed U.S. consumers didn't hold back on spending last month.

Costco Wholesale (NASDAQ:COST) reported mixed results for its fiscal first quarter. Sales beat, but earnings fell short of expectations, which sent the retailer's shares spiralling more than 8%.

But RBC Capital Markets recommending buying the stock on pullback, citing "healthy" growth in store traffic.

Costco has been ramping up spending to compete against rivals like Amazon’s Whole Foods and Walmart’s Sam’s Club., pressuring gross margins, which fell about 50 basis points to 10.75% during the quarter.

“The company said fulfillment costs are also pressuring core gross margin, and we believe price investments continue to be a headwind,” Stifel said in a note.

E-commerce platform Shopify (NYSE:SHOP) tapped the equity market to raise cash to fund its growth strategies, offering 2.6 million Class A subordinate voting shares. Its shares fell more than 9%.

The duo's sharp losses offset data showing overall retail sales rose 0.2% in November, topping forecasts, according to the Commerce Department.

The SPDR S&P Retail ETF (NYSE:XRT) was down 0.44% on the day and is off about 18% in the last three months.

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Portugal stocks lower at close of trade; PSI 20 down 0.41%

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

At the close in Lisbon, the PSI 20 declined 0.41%.

The best performers of the session on the PSI 20 were Ibersol SGPS (LS:IBS), which rose 0.74% or 0.060 points to trade at 8.180 at the close. Meanwhile, Sonae Capital (LS:SONAC) added 0.67% or 0.0060 points to end at 0.8960 and CTT Correios de Portugal SA (LS:CTT) was up 0.50% or 0.0160 points to 3.1980 in late trade.

The worst performers of the session were Pharol SGPS SA (LS:PHRA), which fell 2.63% or 0.0050 points to trade at 0.1848 at the close. Semapa (LS:SEM) declined 2.10% or 0.2800 points to end at 13.0400 and Sonae SGPS SA (LS:YSO) was down 1.98% or 0.0165 points to 0.8160.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 15 to 14 and 5 ended unchanged.

Brent oil for February delivery was down 1.94% or 1.19 to $60.26 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.70% or 1.42 to hit $51.16 a barrel, while the February Gold Futures contract fell 0.28% or 3.45 to trade at $1243.95 a troy ounce.

EUR/USD was down 0.51% to 1.1303, while EUR/GBP rose 0.20% to 0.8991.

The US Dollar Index Futures was up 0.41% at 97.453.

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Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.17%

Investing.com – Denmark stocks were higher after the close on Friday, as gains in the Healthcare, Financials and Consumer Services sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 rose 0.17% to hit a new 1-month high.

The best performers of the session on the OMX Copenhagen 20 were Ambu A/S (CO:AMBUb), which rose 2.53% or 3.9 points to trade at 158.2 at the close. Meanwhile, Novo Nordisk A/S Class B (CO:NOVOb) added 1.66% or 5.0 points to end at 310.0 and Lundbeck A/S (CO:LUN) was up 1.02% or 2.9 points to 286.5 in late trade.

The worst performers of the session were Novozymes A/S B (CO:NZYMb), which fell 1.97% or 5.9 points to trade at 294.0 at the close. Pandora A/S (CO:PNDORA) declined 1.89% or 5.7 points to end at 295.7 and Oersted A/S (CO:ORSTED) was down 1.85% or 8.50 points to 450.10.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 80 to 39 and 19 ended unchanged.

Shares in Pandora A/S (CO:PNDORA) fell to 3-years lows; losing 1.89% or 5.7 to 295.7.

Crude oil for January delivery was down 2.70% or 1.42 to $51.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.99% or 1.22 to hit $60.23 a barrel, while the February Gold Futures contract fell 0.30% or 3.80 to trade at $1243.60 a troy ounce.

USD/DKK was up 0.52% to 6.6044, while EUR/DKK rose 0.02% to 7.4657.

The US Dollar Index Futures was up 0.41% at 97.453.

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France stocks lower at close of trade; CAC 40 down 0.88%

Investing.com – France stocks were lower after the close on Friday, as losses in the Healthcare, Technology and Industrials sectors led shares lower.

At the close in Paris, the CAC 40 lost 0.88%, while the SBF 120 index declined 0.89%.

The best performers of the session on the CAC 40 were Engie SA (PA:ENGIE), which rose 1.02% or 0.13 points to trade at 12.90 at the close. Meanwhile, Publicis Groupe SA (PA:PUBP) added 0.64% or 0.32 points to end at 49.98 and Total SA (PA:TOTF) was up 0.33% or 0.16 points to 49.10 in late trade.

The worst performers of the session were Valeo SA (PA:VLOF), which fell 4.15% or 1.04 points to trade at 24.02 at the close. Dassault Systemes (PA:DAST) declined 4.11% or 4.50 points to end at 105.10 and Schneider Electric SE (PA:SCHN) was down 2.93% or 1.84 points to 61.00.

The top performers on the SBF 120 were Elior Group (PA:ELIOR) which rose 5.30% to 12.71, GTT (PA:GTT) which was up 3.77% to settle at 70.15 and Electricite de France SA (PA:EDF) which gained 2.01% to close at 14.24.

The worst performers were Plastic Omnium (PA:PLOF) which was down 7.04% to 19.16 in late trade, Eurofins Scientific (PA:EUFI) which lost 4.73% to settle at 330.00 and Elis Services SA (PA:ELIS) which was down 4.45% to 13.95 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 413 to 166 and 91 ended unchanged.

Shares in GTT (PA:GTT) rose to all time highs; gaining 3.77% or 2.55 to 70.15. Shares in Elis Services SA (PA:ELIS) fell to 52-week lows; falling 4.45% or 0.65 to 13.95.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 0.90% to 18.87.

Gold Futures for February delivery was down 0.30% or 3.80 to $1243.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.74% or 1.44 to hit $51.14 a barrel, while the February Brent oil contract fell 1.99% or 1.22 to trade at $60.23 a barrel.

EUR/USD was down 0.50% to 1.1304, while EUR/GBP rose 0.21% to 0.8992.

The US Dollar Index Futures was up 0.41% at 97.453.

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Finland stocks higher at close of trade; OMX Helsinki 25 up 0.10%

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

At the close in Helsinki, the OMX Helsinki 25 added 0.10%.

The best performers of the session on the OMX Helsinki 25 were Fortum Oyj (HE:FORTUM), which rose 3.04% or 0.60 points to trade at 20.31 at the close. Meanwhile, Metsa Board Oyj B (HE:METSB) added 2.45% or 0.130 points to end at 5.430 and Telia Company AB (HE:TELIA1) was up 1.76% or 0.073 points to 4.226 in late trade.

The worst performers of the session were Cargotec Oyj (HE:CGCBV), which fell 8.31% or 2.58 points to trade at 28.48 at the close. Konecranes ABP (HE:KCRA) declined 3.91% or 1.11 points to end at 27.31 and Outotec Oyj (HE:OTE1V) was down 3.25% or 0.104 points to 3.097.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 86 to 72 and 13 ended unchanged.

Shares in Cargotec Oyj (HE:CGCBV) fell to 52-week lows; falling 8.31% or 2.58 to 28.48.

Brent oil for February delivery was down 2.13% or 1.31 to $60.14 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.85% or 1.50 to hit $51.08 a barrel, while the February Gold Futures contract fell 0.32% or 4.00 to trade at $1243.40 a troy ounce.

EUR/USD was down 0.51% to 1.1303, while EUR/GBP rose 0.19% to 0.8990.

The US Dollar Index Futures was up 0.41% at 97.455.

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Germany stocks lower at close of trade; DAX down 0.54%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Consumer&Cyclical, Technology and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.54%, while the MDAX index fell 0.89%, and the TecDAX index fell 1.08%.

The best performers of the session on the DAX were Fresenius SE&Co KGAA O.N. (DE:FREG), which rose 1.55% or 0.640 points to trade at 42.010 at the close. Meanwhile, Heidelbergcement AG O.N. (DE:HEIG) added 0.41% or 0.220 points to end at 54.400 and Allianz SE VNA O.N. (DE:ALVG) was up 0.36% or 0.64 points to 176.84 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 2.35% or 2.95 points to trade at 122.65 at the close. Adidas AG (DE:ADSGN) declined 2.25% or 4.50 points to end at 195.50 and Fresenius Medical Care KGAA ST (DE:FMEG) was down 2.12% or 1.300 points to 60.160.

The top performers on the MDAX were Scout24 AG (DE:G24n) which rose 13.57% to 41.000, Axel Springer SE (DE:SPRGn) which was up 2.89% to settle at 50.950 and Aroundtown Property Holdings PLC (DE:AT1) which gained 1.84% to close at 7.485.

The worst performers were Norma Group AG NA O.N. (DE:NOEJ) which was down 7.75% to 44.520 in late trade, GEA Group AG (DE:G1AG) which lost 6.86% to settle at 21.030 and Duerr AG (DE:DUEG) which was down 3.95% to 30.620 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 7.89% to 0.12, Shop Apotheke Europe NV (DE:SAEG) which was up 2.95% to settle at 38.400 and JOST Werke AG (DE:JSTG) which gained 2.67% to close at 26.9500.

The worst performers were Isra Vision O.N. (DE:ISRG) which was down 17.72% to 24.85 in late trade, Dr. Hoenle AG O.N. (DE:HNLG) which lost 12.75% to settle at 44.500 and Aixtron SE NA O.N. (DE:AIXGn) which was down 7.36% to 8.3340 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 463 to 245 and 72 ended unchanged.

Shares in Fresenius Medical Care KGAA ST (DE:FMEG) fell to 3-years lows; falling 2.12% or 1.300 to 60.160. Shares in GEA Group AG (DE:G1AG) fell to 5-year lows; down 6.86% or 1.550 to 21.030. Shares in Isra Vision O.N. (DE:ISRG) fell to 5-year lows; down 17.72% or 5.35 to 24.85. Shares in Dr. Hoenle AG O.N. (DE:HNLG) fell to 52-week lows; falling 12.75% or 6.500 to 44.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.00% to 20.29.

Gold Futures for February delivery was down 0.29% or 3.60 to $1243.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.70% or 1.42 to hit $51.16 a barrel, while the February Brent oil contract fell 1.97% or 1.21 to trade at $60.24 a barrel.

EUR/USD was down 0.52% to 1.1302, while EUR/GBP rose 0.19% to 0.8990.

The US Dollar Index Futures was up 0.43% at 97.470.

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Norway stocks lower at close of trade; Oslo OBX down 0.90%

Investing.com – Norway stocks were lower after the close on Friday, as losses in the Pharma Biotech&Life Sciences, Food, Beverages&Tobacco and Commercial Service And Supplies sectors led shares lower.

At the close in Oslo, the Oslo OBX lost 0.90%.

The best performers of the session on the Oslo OBX were REC Silicon ASA (OL:REC), which rose 2.66% or 0.02 points to trade at 0.64 at the close. Meanwhile, Telenor ASA (OL:TEL) added 1.58% or 2.6 points to end at 170.1 and Schibsted ASA A (OL:SBSTA) was up 0.98% or 2.9 points to 299.5 in late trade.

The worst performers of the session were Grieg Seafood (OL:GSFO), which fell 7.73% or 8.50 points to trade at 101.40 at the close. Petroleum Geo - Services ASA (OL:PGS) declined 5.25% or 0.76 points to end at 13.72 and SalMar ASA (OL:SALM) was down 3.91% or 18.20 points to 446.80.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 120 to 69 and 17 ended unchanged.

Shares in Petroleum Geo - Services ASA (OL:PGS) fell to 52-week lows; losing 5.25% or 0.76 to 13.72.

Crude oil for January delivery was down 2.80% or 1.47 to $51.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 2.10% or 1.29 to hit $60.16 a barrel, while the February Gold Futures contract fell 0.33% or 4.10 to trade at $1243.30 a troy ounce.

EUR/NOK was up 0.25% to 9.7462, while USD/NOK rose 0.78% to 8.6236.

The US Dollar Index Futures was up 0.42% at 97.465.

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Morocco stocks lower at close of trade; Moroccan All Shares down 0.83%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Utilities, Forestry&Paper and Real Estate sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.83%.

The best performers of the session on the Moroccan All Shares were Stokvis Nord Afrique (CS:SNA), which rose 8.93% or 1.25 points to trade at 15.25 at the close. Meanwhile, Saham Assurance (CS:SAH) added 3.70% or 50 points to end at 1400 and Jet Contractors (CS:JET) was up 3.14% or 10.05 points to 330.05 in late trade.

The worst performers of the session were Residences Dar Saada SA (CS:RDS), which fell 8.90% or 9.09 points to trade at 93.01 at the close. Stroc Industrie (CS:STR) declined 8.65% or 2.30 points to end at 24.30 and Auto Hall (CS:AUTO) was down 6.88% or 5.50 points to 74.50.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 26 to 16 and 6 ended unchanged.

Crude oil for January delivery was down 2.83% or 1.49 to $51.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 2.13% or 1.31 to hit $60.14 a barrel, while the February Gold Futures contract fell 0.31% or 3.90 to trade at $1243.50 a troy ounce.

EUR/MAD was up 0.06% to 10.8570, while USD/MAD rose 0.66% to 9.6127.

The US Dollar Index Futures was up 0.42% at 97.465.

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PepsiCo Falls 3%

Investing.com - PepsiCo (NASDAQ:PEP) fell by 3.07% to trade at $114.72 by 11:53 (16:53 GMT) on Friday on the NASDAQ exchange.

The volume of PepsiCo shares traded since the start of the session was 2.21M. PepsiCo has traded in a range of $114.64 to $117.55 on the day.

The stock has traded at $118.8800 at its highest and $114.1000 at its lowest during the past seven days.

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Russia stocks lower at close of trade; MOEX Russia down 0.54%

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

At the close in Moscow, the MOEX Russia lost 0.54%.

The best performers of the session on the MOEX Russia were NPK OVK PAO (MCX:UWGN), which rose 3.47% or 12.6 points to trade at 375.6 at the close. Meanwhile, Safmar Finansovye Investitsii PAO (MCX:SFIN) added 2.03% or 11.8 points to end at 592.8 and MegaFon OAO (MCX:MFON) was up 1.59% or 9.80 points to 626.80 in late trade.

The worst performers of the session were Sberbank Rossii PAO (MCX:SBER), which fell 2.24% or 4.24 points to trade at 184.93 at the close. NK RussNeft PAO (MCX:RNFT) declined 2.22% or 11.6 points to end at 512.0 and RusHydro JSC (MCX:HYDR) was down 1.76% or 0.0088 points to 0.4910.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 145 to 78 and 10 ended unchanged.

Shares in RusHydro JSC (MCX:HYDR) fell to 3-years lows; losing 1.76% or 0.0088 to 0.4910.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 3.36% to 26.790.

Gold Futures for February delivery was down 0.35% or 4.40 to $1243.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.45% or 1.29 to hit $51.29 a barrel, while the February Brent oil contract fell 1.92% or 1.18 to trade at $60.27 a barrel.

USD/RUB was up 0.77% to 66.7418, while EUR/RUB rose 0.17% to 75.3669.

The US Dollar Index Futures was up 0.48% at 97.523.

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Greece stocks lower at close of trade; Athens General Composite down 0.50%

Investing.com – Greece stocks were lower after the close on Friday, as losses in the Travel, Media and Retail sectors led shares lower.

At the close in Athens, the Athens General Composite lost 0.50%.

The best performers of the session on the Athens General Composite were Elastron SA (AT:ELSRr), which rose 3.51% or 0.0400 points to trade at 1.1800 at the close. Meanwhile, Selonda Aquaculture SA (AT:SELr) added 3.50% or 0.0014 points to end at 0.0414 and Attica Bank SA (AT:BOAr) was up 2.28% or 0.003 points to 0.126 in late trade.

The worst performers of the session were Piraeus Bank SA (AT:BOPr), which fell 4.67% or 0.043 points to trade at 0.877 at the close. Intralot (AT:INLr) declined 4.39% or 0.021 points to end at 0.469 and Marfin Invest (AT:MRFr) was down 3.33% or 0.003 points to 0.072.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 58 to 28 and 23 ended unchanged.

Gold Futures for February delivery was down 0.38% or 4.70 to $1242.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.69% or 0.89 to hit $51.69 a barrel, while the February Brent oil contract fell 1.17% or 0.72 to trade at $60.73 a barrel.

EUR/USD was down 0.56% to 1.1297, while EUR/GBP rose 0.19% to 0.8990.

The US Dollar Index Futures was up 0.45% at 97.495.

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J&J Asbestos Report Pulls Health Care Stocks Down Midday

Investing.com - Health care stocks were struggling in midday trading on a Reuters report that Johnson & Johnson (NYSE:JNJ) knew for decades that talcum baby powder contained asbestos pushed that major sector component lower.

The consumer goods and medical company slumped about 7%, wiping off $24 billion from its market capitalization, after Reuters reported that it knew about the presence of asbestos as early as 1971 and hired ghostwriters to redraft studies of its baby powder.

"Simply put, the Reuters story is an absurd conspiracy theory, in that it apparently has spanned over 40 years, orchestrated among generations of global regulators, the world’s foremost scientists and universities, leading independent labs, and J&J employees themselves,” the company said in a statement.

The company faces around 6,000 lawsuits that allege its talc products cause ovarian cancer.

The S&P 500 Health Care index fell about 1%.

Other health care companies were also down, with Universal Health Services (NYSE:UHS) falling 4.8%, Humana (NYSE:HUM) dipping 2.9% and Cigna (NYSE:CI) decreasing 2.5%.

Walgreens Boots Alliance (NASDAQ:WBA) was also lower, falling 3.7% after Goldman Sachs (NYSE:GS) downgraded the stock, Reuters reported.

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Oil Prices Fall as Weak Chinese Data, Profit-Taking Weigh

Investing.com - Oil prices fell on Friday as signs of slowing growth in China dampened hopes for demand and investors opted to take profits after a surge a day earlier.

New York-traded West Texas Intermediate crude futures fell 96 cents, or 1.83%, at $51.62 a barrel by 10:53 AM ET (15:53 GMT).

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 79 cents, or 1.29%, to $60.66.

China’s worse-than-expected retail sales saw their weakest growth in 15 years, while industrial output in the Asian giant rose the least amount in nearly three years, casting further doubt over demand from the world’s second-largest economy.

Friday’s decline in oil prices erased some of the nearly-3% gains a day earlier after updated forecasts from the International Energy Agency (IEA), which said it expects a supply deficit in the second quarter of 2019 if OPEC and its allies move forward with plans to reduce output starting in January.

Worries of a global supply glut will remain in the spotlight on Friday as investors keep an eye on a measure of future U.S. output with Baker Hughes’ weekly data out at 1:00 PM (18:00 GMT).

The U.S. rig count dropped by 10 to 877 last week, while the Energy Information Administration reported Wednesday that U.S. oil production had fallen from a record high of 11.7 million barrels per day to 11.6 million, easing concerns over escalating production.

The IEA warned Thursday, however, that U.S. shale's influence over global crude markets would only get stronger.

In other energy trading, gasoline futures slumped 2.31% to $1.4464 a gallon by 10:58 AM ET (15:58 GMT), while heating oil dropped 0.87% to $1.8601 a gallon.

Lastly, natural gas futures traded down 5.63% to $3.892 per million British thermal units.

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Stellar Falls 10% In Bearish Trade

Investing.com - Stellar was trading at $0.10089 by 10:55 (15:55 GMT) on the Investing.com Index on Friday, down 10.13% on the day. It was the largest one-day percentage loss since December 6.

The move downwards pushed Stellar's market cap down to $1.96264B, or 1.89% of the total cryptocurrency market cap. At its highest, Stellar's market cap was $12.12000B.

Stellar had traded in a range of $0.10089 to $0.10503 in the previous twenty-four hours.

Over the past seven days, Stellar has seen a drop in value, as it lost 8.75%. The volume of Stellar traded in the twenty-four hours to time of writing was $67.01478M or 0.56% of the total volume of all cryptocurrencies. It has traded in a range of $0.1009 to $0.1252 in the past 7 days.

At its current price, Stellar is still down 89.03% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,286.5 on the Investing.com Index, down 4.57% on the day.

XRP was trading at $0.29283 on the Investing.com Index, a loss of 4.44%.

Bitcoin's market cap was last at $57.29260B or 55.08% of the total cryptocurrency market cap, while XRP's market cap totaled $11.98464B or 11.52% of the total cryptocurrency market value.

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