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Market Updates

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Drug Stocks Rally Midday; Chinese Stocks Take a Hit

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

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

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

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

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

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

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

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

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

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

Alibaba (NYSE:BABA) fell about 1.5%.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read More

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

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

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

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

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

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

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

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

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

Read More

Netflix Rises 3.02%

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

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

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

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Oil Prices Surge on Supply Concerns

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

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

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

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

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

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

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

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

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

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General Electric Falls 3.12%

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

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

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

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Stocks - Wall Street Slides Despite M&A Heating Up

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

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

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

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

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

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

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

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

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

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

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Comcast Falls 5.54%

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

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

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

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Gold Prices Broadly Higher as U.S. Dollar Slumps

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

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

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

Chances of an increase in December were at 86.1%.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Top 5 Things to Know in the Market on Monday

Investing.com - Here are the top five things you need to know in financial markets on Monday, September 24:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Stellar Lumens Falls 11.76% In Selloff

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

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

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

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

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

Elsewhere in cryptocurrency trading

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

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

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

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XRP Falls 10.26% In Rout

Investing.com - XRP was trading at $0.53404 by 05:06 (09:06 GMT) on the Investing.com Index on Monday, down 10.26% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed XRP's market cap down to $21.63B, or 9.81% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.

XRP had traded in a range of $0.53293 to $0.58246 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 93.74%. The volume of XRP traded in the twenty-four hours to time of writing was $857.78M or 5.83% of the total volume of all cryptocurrencies. It has traded in a range of $0.26925 to $0.78848 in the past 7 days.

At its current price, XRP is still down 83.77% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,615.9 on the Investing.com Index, down 1.83% on the day.

Ethereum was trading at $233.44 on the Investing.com Index, a loss of 6.42%.

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

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Oil Prices Surge amid Market Tightening, Upcoming Iran Sanctions

Investing.com - Oil prices surged on Monday, as upcoming U.S. sanctions on Iran and tightening global supply weighed on investors.

West Texas Crude oil futures for November rose 1.68% to $71.97 a barrel as of 4:25 AM ET (8:25 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.93% to $79.75.

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

Meanwhile, Saudi Arabia pushed back against a call last week by U.S. President Donald Trump to lower prices.

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

A potential tightening in U.S. markets sparked investor concern as well.

Although U.S. oil production is near a record high of 11 million barrels per day (bpd), commercial crude oil inventories are at their lowest since early 2015. Decreased drilling activity could point towards a future slowdown in production, with the oil rig count falling by 2 to 1,053 last week.

In other energy trading, Gasoline RBOB Futures rose 1.70% at $2.0362 a gallon, while heating oil increased 1.68% to $2.2680 a gallon. Natural gas futures slipped 0.30% to $2.965 per million British thermal units.

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China Evergrande Invests US$2.12 billion Into Guanghui Group

Investing.com – China’s real estate giant China Evergrande Group (HK:3333) Group announced an RMB14.49 billion (US$2.12 billion) investment into Guanghui Group, becoming the company’s second largest shareholder, according to an Evergrande statement on Sunday.

Evergrande purchased 23.87% of the shares of Guanghui for RMB6.68 billion (US$1 billion). The company is set to inject an additional RMB7.81 billion (US$1.14 billion) into Guanghui as capital, it said in the statement. After the transaction, Evergrande will own a 40.96% stake in Guanghui.

The two companies entered a strategic partnership in the fields of vehicle sales, energy, real estate and logistics. Established in 1989, Guanghui’s net profits after tax fell 1.1% from RMB4 billion (US$580 million) in 2016 to RMB3.94 billion (US$575 million) in 2017. Its net assets stood at RMB26.96 billion (US$3.94 billion).

Guanghui’s subsidiary, Xinjiang Guanghui Industry Investment Group Co. Ltd. (SHA:600256) went public in 2000 on the Shanghai Stock Exchange. In 2016, Guanghui acquired automobile maker BMW’s largest dealer in the country, Grand Baoxin Auto.

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Oil Prices Near Two-Months High as OPEC Issues Tepid Response to Trump’s Demand

Investing.com - Oil prices rose more than 1% on Monday and climbed near two-months high as the Organization of Petroleum Exporting Countries (OPEC) issued a tepid response to U.S. President Donald Trump’s demand to lower oil prices.

On the New York Mercantile Exchange, Crude Oil WTI Futures for November delivery rose 1.1% to $71.54 a barrel, while on London's Intercontinental Exchange, Brent Oil Futures for December delivery gained 1.3% to trade at $79.22 a barrel.

The jump in oil prices came after OPEC said over the weekend that the group would only raise output if customers requested it, as Saudi Arabia, Russia and their allies stopped short of promising specific extra volumes of crude.

Last week, U.S. President Donald Trump asked the OPEC to keep prices lower.

“We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!” he said in a tweet.

Meanwhile, U.S.-China trade disputes remained in focus as the U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products are set to kick in later in the day.

On Monday, China cancelled its planned trade talks with the U.S. Citing people familiar with the situation, reports suggested Beijing is unlikely to resume talks with Washington until after November’s mid-term elections.

“It would be ‘asking for an insult,’ if China went ahead with trade talks after the US announced new tariffs and sanctions,” Shi Yinhong, a professor of international relations at Renmin University of China, said Saturday. “In the long run, there will be talks, because the trade war won’t last for thousands of years.”

In other news, oilfield services firm Baker Hughes reported on Friday that the number of U.S. oil drilling rigs in operation rose by 1 to 866 this week.

“There are discussions to increase production by another 500,000 (barrels a day) bpd. They (OPEC and non-OPEC) can increase output when they meet in December,” Reuters reported, citing a source.

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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.50%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Cement, Petrochemicals and Multi Investment sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share gained 0.50%.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (SE:8030), which rose 6.06% or 0.80 points to trade at 14.00 at the close. Meanwhile, Tabuk Cement Co. (SE:3090) added 4.30% or 0.50 points to end at 12.14 and Al Alamiya Cooperative Insurance (SE:8280) was up 3.57% or 1.25 points to 36.25 in late trade.

The worst performers of the session were Saudi Fisheries Co. (SE:6050), which fell 4.92% or 0.88 points to trade at 17.00 at the close. Dallah Healthcare Holding Company (SE:4004) declined 4.41% or 2.80 points to end at 60.70 and Saudi Enaya Cooperative Insurance (SE:8311) was down 3.53% or 0.74 points to 20.24.

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

Shares in Saudi Fisheries Co. (SE:6050) fell to 5-year lows; falling 4.92% or 0.88 to 17.00. Shares in Dallah Healthcare Holding Company (SE:4004) fell to 52-week lows; down 4.41% or 2.80 to 60.70.

Crude oil for November delivery was up 0.57% or 0.40 to $70.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December unchanged 0.00% or 0.00 to hit $78.24 a barrel, while the December Gold Futures contract fell 0.65% or 7.90 to trade at $1203.40 a troy ounce.

EUR/SAR was down 0.22% to 4.4074, while USD/SAR fell 0.01% to 3.7502.

The US Dollar Index Futures was up 0.34% at 93.79.

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Stellar Lumens Jumps 20.52% In a Green Day

Investing.com - Stellar Lumens was trading at $0.29950 by 06:14 (10:14 GMT) on the Investing.com Index on Sunday, up 20.52% on the day. It was the largest one-day percentage gain since September 23.

The move upwards pushed Stellar Lumens's market cap up to $5.46B, or 2.39% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.23883 to $0.29953 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a rise in value, as it gained 43.26%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $168.11M or 1.22% of the total volume of all cryptocurrencies. It has traded in a range of $0.19368 to $0.29953 in the past 7 days.

At its current price, Stellar Lumens is still down 67.44% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,764.9 on the Investing.com Index, up 0.99% on the day.

Ethereum was trading at $246.43 on the Investing.com Index, a gain of 3.35%.

Bitcoin's market cap was last at $116.85B or 51.08% of the total cryptocurrency market cap, while Ethereum's market cap totaled $25.11B or 10.98% of the total cryptocurrency market value.

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