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Market Updates

Israel stocks lower at close of trade; TA 35 down 0.07%

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

At the close in Tel Aviv, the TA 35 lost 0.07%.

The best performers of the session on the TA 35 were Partner (TA:PTNR), which rose 7.00% or 98 points to trade at 1498 at the close. Meanwhile, Paz Oil (TA:PZOL) added 2.53% or 1270 points to end at 51450 and Bazan Oil Refineries Ltd (TA:ORL) was up 2.48% or 4.0 points to 165.0 in late trade.

The worst performers of the session were OPKO Health Inc (TA:OPK), which fell 6.65% or 150 points to trade at 2105 at the close. Teva Pharmaceutical Industries Ltd (TA:TEVA) declined 2.15% or 187 points to end at 8509 and Tower Semiconductor Ltd (TA:TSEM) was down 1.29% or 102 points to 7819.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 193 to 178 and 35 ended unchanged.

Shares in Tower Semiconductor Ltd (TA:TSEM) fell to 52-week lows; down 1.29% or 102 to 7819.

Crude oil for September delivery was unchanged 0.00% or 0.00 to $69.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/ILS was down 0.03% to 3.6378, while EUR/ILS rose 0.10% to 4.2514.

The US Dollar Index Futures was down 0.14% at 94.44.

Read More

Israel stocks lower at close of trade; TA 35 down 0.07%

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

At the close in Tel Aviv, the TA 35 lost 0.07%.

The best performers of the session on the TA 35 were Partner (TA:PTNR), which rose 7.00% or 98 points to trade at 1498 at the close. Meanwhile, Paz Oil (TA:PZOL) added 2.53% or 1270 points to end at 51450 and Bazan Oil Refineries Ltd (TA:ORL) was up 2.48% or 4.0 points to 165.0 in late trade.

The worst performers of the session were OPKO Health Inc (TA:OPK), which fell 6.65% or 150 points to trade at 2105 at the close. Teva Pharmaceutical Industries Ltd (TA:TEVA) declined 2.15% or 187 points to end at 8509 and Tower Semiconductor Ltd (TA:TSEM) was down 1.29% or 102 points to 7819.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 193 to 178 and 35 ended unchanged.

Shares in Tower Semiconductor Ltd (TA:TSEM) fell to 52-week lows; losing 1.29% or 102 to 7819.

Crude oil for September delivery was unchanged 0.00% or 0.00 to $69.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/ILS was down 0.03% to 3.6378, while EUR/ILS rose 0.10% to 4.2514.

The US Dollar Index Futures was down 0.14% at 94.44.

Read More

United Arab Emirates stocks higher at close of trade; DFM General up 0.55%

Investing.com – United Arab Emirates stocks were higher after the close on Sunday, as gains in the Insurance, Consumer Staples and Telecoms sectors led shares higher.

At the close in Dubai, the DFM General rose 0.55%, while the ADX General index gained 0.20%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 14.94% or 0.115 points to trade at 0.885 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 8.58% or 0.060 points to end at 0.759 and Islamic Arab Insurance Company (DU:SALAMA) was up 5.46% or 0.022 points to 0.425 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 1.41% or 0.004 points to trade at 0.280 at the close. Amanat Holdings PJSC (DU:AMANT) declined 0.79% or 0.010 points to end at 1.260 and National Central Cooling Co. (DU:TABR) was down 0.57% or 0.010 points to 1.750.

The top performers on the ADX General were Methaq (AD:METH) which rose 6.49% to 0.820, Invest Bank AD (AD:INVB) which was up 3.33% to settle at 2.480 and Dana Gas (AD:DANA) which gained 2.88% to close at 1.070.

The worst performers were Em Driving Co (AD:DRIV) which was down 8.11% to 6.80 in late trade, Sharjah Islami (AD:SIB) which lost 2.44% to settle at 1.200 and International Holding Company PJSC (AD:IHC) which was down 2.26% to 1.30 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 7 and 3 ended unchanged; on the Abu Dhabi, 16 rose and 10 declined, while 6 ended unchanged.

Shares in Em Driving Co (AD:DRIV) fell to 52-week lows; falling 8.11% or 0.60 to 6.80.

Crude oil for August delivery was up 0.33% or 0.23 to $70.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.12% to 4.2919.

The US Dollar Index Futures was down 0.14% at 94.44.

Read More

United Arab Emirates stocks higher at close of trade; DFM General up 0.55%

Investing.com – United Arab Emirates stocks were higher after the close on Sunday, as gains in the Insurance, Consumer Staples and Telecoms sectors led shares higher.

At the close in Dubai, the DFM General gained 0.55%, while the ADX General index added 0.20%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 14.94% or 0.115 points to trade at 0.885 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 8.58% or 0.060 points to end at 0.759 and Islamic Arab Insurance Company (DU:SALAMA) was up 5.46% or 0.022 points to 0.425 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 1.41% or 0.004 points to trade at 0.280 at the close. Amanat Holdings PJSC (DU:AMANT) declined 0.79% or 0.010 points to end at 1.260 and National Central Cooling Co. (DU:TABR) was down 0.57% or 0.010 points to 1.750.

The top performers on the ADX General were Methaq (AD:METH) which rose 6.49% to 0.820, Invest Bank AD (AD:INVB) which was up 3.33% to settle at 2.480 and Dana Gas (AD:DANA) which gained 2.88% to close at 1.070.

The worst performers were Em Driving Co (AD:DRIV) which was down 8.11% to 6.80 in late trade, Sharjah Islami (AD:SIB) which lost 2.44% to settle at 1.200 and International Holding Company PJSC (AD:IHC) which was down 2.26% to 1.30 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 7 and 3 ended unchanged; on the Abu Dhabi, 16 rose and 10 declined, while 6 ended unchanged.

Shares in Em Driving Co (AD:DRIV) fell to 52-week lows; losing 8.11% or 0.60 to 6.80.

Crude oil for August delivery was up 0.33% or 0.23 to $70.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.12% to 4.2919.

The US Dollar Index Futures was down 0.14% at 94.44.

Read More

Gold / Silver / Copper Prices - Weekly Outlook: July 16 - 20

Investing.com - The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion.

Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy to a Senate committee on Tuesday.

Powell will likely face questions on a wide range of economic issues, including the potential effect of the Trump administration’s trade policy on the economy.

Markets will be eyeing the outcome of a meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin on Monday amid heightened geopolitical tensions.

Investors will also get updates on U.S. retail sales, housing data and industrial production this week.

Gold prices slid on Friday to settle at their lowest level in nearly a year as the dollar posted solid gains for the week.

Gold futures for August delivery settled down 0.39% at $1,241.80 on the Comex division of the New York Mercantile Exchange. For the week, prices were down 1%, the fourth weekly loss in five weeks.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, ended the week with gains of 0.71%. A stronger U.S. currency makes gold and other dollar-denominated commodities more expensive for holders of other currencies.

Demand for the dollar has been underpinned as recent economic data indicated that the Federal Reserve is likely to remain on track to raise interest rates twice more this year.

The U.S. currency has also been boosted as rising trade tensions fueled safe haven demand for the dollar and acted as a drag on other currencies.

The Trump administration said last week that it plans to impose 10% tariffs on an additional $200 billion in Chinese imports.

Gold prices have failed to garner any support despite growing risk aversion, suggesting the yellow metal is losing its safe haven status.

Elsewhere in precious metals trading, silver settled down 0.89% at $15.83 a troy ounce, for a weekly loss of 0.91%.

Platinum settled at $831.70, 1.74% lower for the day to end the week with a loss of 1.81%. It was the fifth consecutive weekly loss.

Among base metals, copper for July delivery ended at $2.777, off 0.14% for the day, to end the week down 1.28%.

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

Monday, July 16

Financial markets in Japan will be closed for a holiday.

China is to release data on second quarter growth, fixed asset investment and industrial production.

Canada is to report on foreign securities purchases.

The U.S. is to publish retail sales figures and a report on manufacturing activity in the New York region.

Tuesday, July 17

New Zealand is to release data on consumer price inflation.

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

Bank of England Governor Mark Carney is to speak and the UK is to publish its latest employment report.

Canada is to report on manufacturing sales.

The U.S. is to publish data on industrial production.

Later in the day, Fed Chairman Jerome Powell is to testify on the monetary policy report before the Senate Banking Committee, in Washington.

Wednesday, July 18

The UK is to publish its latest inflation report.

The euro zone is to release revised inflation figures.

The U.S. is to publish report on building permits and housing starts. Meanwhile, Fed Chairman Jerome Powell is to testify on the monetary policy report for a second day Washington.

Thursday, July 19

Australia is to publish its latest employment report.

The UK is to release data on retail sales.

The U.S. is to publish reports on jobless claims and manufacturing activity in the Philadelphia region.

Friday, July 20

The UK is to report on public sector borrowing.

Finance ministers from the G20 group of nations are to hold the first day of a summit meeting in Buenos Aires.

Canada is to round up the week with data on retail sales and inflation.

Read More

Weekly Outlook: July 16 - 20

Investing.com - Investors will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy to a Senate committee on Tuesday.

Powell will likely face questions on a wide range of economic issues, including the potential effect of the Trump administration’s trade policy on the economy.

Markets will be eyeing the outcome of a meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin on Monday amid heightened geopolitical tensions.

Investors will also get updates on U.S. retail sales, housing data and industrial production.

The dollar dipped against a currency basket on Friday, pulling away from two week highs, but still notched up a weekly gain and prospects for a stronger dollar remain intact for now.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.14% at 92.44 in late trade, after hitting a high of 95.00, the most since June 29. For the week, the index rose 0.71%.

Demand for the dollar has been underpinned as recent economic data indicated that the Federal Reserve is likely to remain on track to raise interest rates twice more this year.

The U.S. currency has also been boosted as rising trade tensions fueled safe haven demand for the dollar and acted as a drag on other currencies.

The Trump administration said last week that it plans to impose 10% tariffs on an additional $200 billion in Chinese imports.

The dollar eased from six-month highs against the yen on Friday, with USD/JPY dipping 0.12% to 112.38, off an earlier high of 112.79. For the week the paid climbed 1.76%.

The euro edged higher against the dollar in late trade, with EUR/USD rising 0.13% to 1.1686, up from an earlier two-week low of 1.1613. For the week the euro lost 0.52% against the dollar.

Sterling also pushed higher late Friday, with GBP/USD gaining 0.23% to trade at 1.3235. Despite Friday’s modest gains the pound still end the week down 0.44%.

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

Monday, July 16

Financial markets in Japan will be closed for a holiday.

China is to release data on second quarter growth, fixed asset investment and industrial production.

Canada is to report on foreign securities purchases.

The U.S. is to publish retail sales figures and a report on manufacturing activity in the New York region.

Tuesday, July 17

New Zealand is to release data on consumer price inflation.

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

Bank of England Governor Mark Carney is to speak and the UK is to publish its latest employment report.

Canada is to report on manufacturing sales.

The U.S. is to publish data on industrial production.

Later in the day, Fed Chair Powell is to testify on the monetary policy report before the Senate Banking Committee, in Washington.

Wednesday, July 18

The UK is to publish its latest inflation report.

The euro zone is to release revised inflation figures.

The U.S. is to publish report on building permits and housing starts. Meanwhile, Fed Chairman Jerome Powell is to testify on the monetary policy report for a second day Washington.

Thursday, July 19

Australia is to publish its latest employment report.

The UK is to release data on retail sales.

The U.S. is to publish reports on jobless claims and manufacturing activity in the Philadelphia region.

Friday, July 20

The UK is to report on public sector borrowing.

Finance ministers from the G20 group of nations are to hold the first day of a summit meeting in Buenos Aires.

Canada is to round up the week with data on retail sales and inflation.

Read More

Economic Calendar - Top 5 Things To Watch This Week

Investing.com - Geopolitics could hang over the market in the coming week, as investors look ahead to an unprecedented meeting between U.S. President Donald Trump and Russian President Vladimir Putin on Monday.

The week ahead also marks the first big week of the second-quarter earnings season on Wall Street, with names like Netflix, Goldman Sachs, IBM and Microsoft set to report.

There will also be important testimony from Federal Reserve Chair Jerome Powell, who appears Tuesday and Wednesday before congressional panels on the economy and monetary policy.

Several important economic reports also expected, with retail sales on Monday topping the list.

Elsewhere, in Asia, China is slated to release what will be closely watched second-quarter growth data, amid warnings from analysts that the recent trade dispute with the U.S. could drag on economic activity.

Market focus is also largely attuned to the next potential steps of the U.S.-China trade conflict. The U.S. threatened 10% tariffs on an extra $200 billion worth of Chinese imports last week. However, a lack of response from China to these levies so far has assuaged some fears of conflict escalation.

Trade-war fears have been simmering for months, keeping market gains in check with investors jittery over the prospects of further escalation in tensions between the world's two largest economies having an impact on economic growth.

Ahead of the coming week, Investing.com has compiled a list of the five biggest events on the economic calendar that are most likely to affect the markets.

1. Trump-Putin Summit

U.S. President Donald Trump and Russian President Vladimir Putin hold their first summit in Helsinki, Finland on Monday.

Neither side expects the one-day summit to yield major policy breakthroughs given the battered state of U.S.-Russia relations, which are languishing at their lowest ebb since the Cold War.

Geopolitical analysts expect Putin to urge Trump to soften sanctions imposed over Ukraine, while Trump has said he will press Putin on everything from allegations of meddling in the 2016 U.S. election to the war in Syria.

On Friday, some lawmakers pressed Trump to cancel the summit after Special Counsel Robert Mueller indicted 12 Russians for interfering in the general election.

Meanwhile, European leaders will be watching the outcome closely, especially after Trump called Germany a "captive" of Russia at a testy NATO summit in Belgium last week, due to its plans for a major new gas pipeline.

2. U.S. Q2 Earnings Season Kicks Into High Gear

There are about 60 S&P 500 companies reporting earnings in the week ahead, including seven Dow stocks, in what will be the first big week of the second-quarter earnings season.

Bank of America (NYSE:BAC) and BlackRock (NYSE:BLK) report Monday, along with tech darling Netflix (NASDAQ:NFLX).

Tuesday sees Goldman Sachs (NYSE:GS), Johnson & Johnson (NYSE:JNJ) and UnitedHealth (NYSE:UNH) post results.

On Wednesday, Morgan Stanley (NYSE:MS), American Express (NYSE:AXP) and IBM (NYSE:IBM) report earnings.

Microsoft (NASDAQ:MSFT), Advanced Micro Devices (NASDAQ:AMD) and Blackstone (NYSE:BX) are on the docket Thursday.

Finally, corporate results from General Electric (NYSE:GE) and Honeywell (NYSE:HON) round up the week on Friday.

Analysts have said they are expecting another strong quarter, with earnings growth at around 21%, according to Thomson Reuters data. However, the season is being clouded by trade tensions and their impact on corporate profits, with analysts likely to scrutinize outlook statements to see if companies discuss the impact of Trump's trade policies on future spending plans, input costs and profitability.

3. Fed Chair Powell Testifies

Federal Reserve Chair Jerome Powell is set to deliver his semi-annual monetary policy testimony on the economy before Senate and House committees in Washington DC.

Powell is scheduled to testify on the economy before the Senate Banking Committee at 10:00AM ET Tuesday. On Wednesday, he will appear in front the House Financial Services Committee also at 10AM ET.

Text of the testimony will be released 90 minutes before he starts speaking.

Powell's comments will be monitored closely for further clues on when and how fast the Fed will raise interest rates.

The Fed's semi-annual report on monetary policy, sent to Congress last Friday, pointed to "solid" U.S. economic growth and reiterated its plans to continue raising interest rates gradually.

4. U.S. Retail Sales

The Commerce Department will publish data on retail sales for June at 8:30AM ET Monday.

The consensus forecast is that the report will show retail sales rose 0.4% last month, moderating from a gain of 0.8% in May.

Excluding the automobile sector, sales are expected to increase 0.4%, after a 0.9% rise a month earlier.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy. Consumer spending accounts for as much as 70% of U.S. economic growth.

Besides the retail sales report, this week's calendar also features U.S. data on building permits, housing starts, industrial production, as well as surveys on manufacturing conditions in the Philadelphia and New York regions.

On the central bank front, the Federal Reserve's Beige Book will be in focus.

The U.S. central bank hiked interest rates last month for the second time this year and has projected two more rate increases by year-end.

Traders are currently pricing in around an 85% chance of a rate hike in September, according to Investing.com’s Fed Rate Monitor Tool. Odds of a fourth rate hike by December was seen at about 55%.

5. China Q2 GDP

China will be the first major economy to report second-quarter growth data when it publishes its GDP numbers at around 0200GMT on Monday (10:00PM ET Sunday).

The report is expected to show the world's second-largest economy grew 6.7% in the April-June period, moderating slightly from growth of 6.8% in the first quarter.

The Asian nation will also publish data on June industrial production, fixed asset investment and retail sales along with the GDP report.

China, the world's largest exporter, has so far escaped any major blow to its foreign trade sector despite rising trade tensions with the U.S.

Washington and Beijing appeared increasingly headed toward open trade conflict after several rounds of negotiations failed to resolve U.S. complaints over Chinese industrial policies, lack of market access in China and a $375 billion U.S. trade deficit.

Stay up-to-date on all of this week's economic events by visiting: http://www.investing.com/economic-calendar/

Read More

Peru stocks higher at close of trade; S&P Lima General up 0.10%

Investing.com – Peru stocks were higher after the close on Friday, as gains in the Non-Metal Minerals, Industrials and Services sectors led shares higher.

At the close in Lima, the S&P Lima General rose 0.10%.

The best performers of the session on the S&P Lima General were Cerro Verde (LM:CVE), which rose 4.65% or 1.000 points to trade at 22.500 at the close. Meanwhile, Grana Y Monter (LM:GRA) added 3.90% or 0.090 points to end at 2.400 and Edegel (LM:EDE) was up 3.02% or 0.060 points to 2.050 in late trade.

The worst performers of the session were Candente Copper (LM:DNT), which fell 1.79% or 0.0010 points to trade at 0.0550 at the close. Aceros Arequip (LM:AREi) declined 1.33% or 0.010 points to end at 0.740 and Credicorp (LM:BAP) was down 0.87% or 2.00 points to 227.00.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 10 to 8 and 18 ended unchanged.

Crude oil for August delivery was up 0.33% or 0.23 to $70.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/PEN was down 0.13% to 3.2687, while EUR/PEN fell 0.18% to 3.8173.

The US Dollar Index Futures was down 0.14% at 94.44.

Read More

Top 5 Things That Moved Markets This Past Week

Investing.com – Top 5 things that rocked U.S. markets this week:

1. Amazon Jumps for the Week; Netflix Sees Earnings Jitters

Wall Street ended the week higher, with all the major indices closing in the green.

Tech stocks were winners for the week. The tech-heavy Nasdaq finished up more than 1% and the S&P Technology Index rose more than 2%.

Among the big winners in tech land was Amazon (NASDAQ:AMZN). The stock got a boost on a price target raise by Canaccord to $2,000 from $1,800 Thursday and again when S.G. Cowen raised its price target on the stock to $2,100 from $2,000 Friday.

In the rest of the FAANG stocks, Alphabet’s Google (NASDAQ:GOOGL), Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) all closed up for the week.

But Netflix (NASDAQ:NFLX), which reports earnings after the bell Monday, ended in the red, hurt by Friday selloff. There are likely a few jitters about what numbers Netflix would have to report to spur more buying with the stock up around 100% year to date.

2. Inflation Data Lets Fed Stay Steady on Rates

Inflation data was paramount during the week, especially after last Friday’s employment report gave mixed signals of strong continued job creation but weaker-than-expected wage growth.

The numbers grabbing the headlines were the levels in wholesale and retail inflation not seen for a while.

The producer price index (PPI) was up 3.4% in June year over year, the highest level in 6-1/2 years. The June consumer price index (CPI) posted a year-over-year rise of 2.9%, the largest rise in six years.

But the stock market tends to focus more on the month-on-month numbers and those figures were mixed. CPI was in line with expectations month over month, while core CPI, which excludes volatile food and energy prices, was up less than expected. PPI and core PPI came in just a little hotter than expectations.

So, while prices are definitely rising, the economy is so far avoiding the spikes that would fuel fears over interest rates rising quickly.

More significant for those zoned in on the Fed’s rate-hike path than the inflation data was likely the shift of Chicago Fed President Charles Evans comments in a wide-ranging interview with The Wall Street Journal that the economy could handle a move to neutral rates. That was interpreted to mean he’d support two rate-hikes this year.

There is currently a more-than-80% of a rate hike in September and a more-than-55% chance of one in December, according to Investing.com’s Rate Monitor Tool.

3. Delta Results Steal the Spotlight From Banks

The bank earnings were supposed be the highlight of the week. But the mixed results from Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC) failed to spur anything but a muted reaction from the market Friday.

Instead, Delta Air Lines (NYSE:DAL) likely offered the most insight for investors. Shares climbed Thursday after the carrier beat second-quarter profit expectations thanks to fair increases.

But it also highlighted a jump in fuel costs of nearly 40% in the quarter, a $2 billion increase.

That’s trouble for the airline sector as whole, which is already struggling in 2018. The Dow Transports are off about 0.6% year to date. But there could be more weakness ahead if fuel costs remain high and companies like FedEx (NYSE:FDX) and UPS (NYSE:UPS) are hit by trade battles.

4. Trade War Jitters Abate (Somewhat)

Until earnings arrived in earnest Friday, the summer, low-volume market has been especially susceptible to the vagaries of trade tensions.

The week started off with more saber rattling between the U.S. and its trade partners. The U.S. released a list on Tuesday of $200 billion more in Chinese goods that it would assess for tariffs of 10%. China again promised retaliation.

That same day, ahead of his trip to Europe, President Donald Trump tweeted that the U.S. loses $151 billion on trade with the EU and that the single bloc charges the U.S. big tariffs and enacts trade barriers.

But worries were assuaged on Thursday when Treasury Secretary Steve Mnuchin said there was a possibility that the U.S. and China could restart trade talks. And the president, while hammering allies of NATO spending, has not made any remarks about specific trade action against Europe.

The rosier outlook on trade was reflected in the performance of Boeing (NYSE:BA), which is particularly sensitive to trade battles given the amount of its overseas business.

Boeing was one of the best Dow performers for the week.

5. Oil Holds Above $70

Oil prices fell for the week, but energy stock bulls will be heartened by crude oil’s ability to stay above $70 mark on Friday.

Crude oil futures for August delivery settled at $71.01 per barrel, up 1% on the day.

Oil did dip below $70 in morning trading, rose steadily through the rest of the day, then sold off late. The latest Baker Hughes rig count showing no change added some support to prices.

For the week, mixed signals on supplies scaled back investor expectations for a global supply shortage as Libya resumed exports, U.S. supplies fell more than expected, while bets on a significant loss of Iranian crude were trimmed.

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Mexico stocks lower at close of trade; S&P/BMV IPC down 0.60%

Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Materials, Telecoms Services and Consumer Goods&Services sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC lost 0.60%.

The best performers of the session on the S&P/BMV IPC were El Puerto De Liverpool Sab De CV (MX:LIVEPOLC1), which rose 2.43% or 3.28 points to trade at 138.14 at the close. Meanwhile, VOLARIS A (MX:VOLARA) added 2.08% or 0.25 points to end at 12.25 and Alfa, S.A.B. De C.V. (MX:ALFAA) was up 2.05% or 0.460 points to 22.930 in late trade.

The worst performers of the session were GMexico Transportes SA de CV (MX:GMXT), which fell 4.02% or 1.180 points to trade at 28.440 at the close. Grupo Aeroportuario Del CentroNorte (MX:OMAB) declined 2.32% or 2.540 points to end at 107.120 and Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA) was down 2.14% or 13.23 points to 606.34.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 153 to 137 and 5 ended unchanged.

Gold Futures for August delivery was down 0.43% or 5.40 to $1241.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.36% or 0.25 to hit $70.58 a barrel, while the September Brent oil contract rose 0.54% or 0.40 to trade at $74.85 a barrel.

USD/MXN was down 0.42% to 18.8970, while EUR/MXN fell 0.32% to 22.0821.

The US Dollar Index Futures was down 0.13% at 94.45.

Read More

Canada stocks lower at close of trade; S&P/TSX Composite down 0.14%

Investing.com – Canada stocks were lower after the close on Friday, as losses in the Healthcare, Clean Technology and Real Estate sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.14%.

The best performers of the session on the S&P/TSX Composite were CES Energy Solutions Corp (TO:CEU), which rose 3.24% or 0.150 points to trade at 4.780 at the close. Meanwhile, PrairieSky Royalty Ltd (TO:PSK) added 2.85% or 0.70 points to end at 25.22 and Birchcliff Energy Ltd . (TO:BIR) was up 2.81% or 0.14 points to 5.13 in late trade.

The worst performers of the session were Alaris Royalty Corp . (TO:AD), which fell 3.68% or 0.600 points to trade at 15.710 at the close. Cascades Inc . (TO:CAS) declined 3.68% or 0.44 points to end at 11.52 and Aurora Cannabis Inc (TO:ACB) was down 3.47% or 0.310 points to 8.620.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 566 to 506 and 131 ended unchanged.

Shares in Cascades Inc. (TO:CAS) fell to 52-week lows; falling 3.68% or 0.44 to 11.52.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 6.07% to 13.46.

Gold Futures for August delivery was down 0.42% or 5.20 to $1241.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.47% or 0.33 to hit $70.66 a barrel, while the September Brent oil contract rose 0.60% or 0.45 to trade at $74.90 a barrel.

CAD/USD was down 0.03% to 0.7600, while CAD/EUR fell 0.14% to 0.6505.

The US Dollar Index Futures was down 0.12% at 94.46.

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Brazil stocks higher at close of trade; Bovespa up 0.98%

Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Financials, Real Estate and Consumption sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 0.98% to hit a new 1-month high.

The best performers of the session on the Bovespa were Raia Drogasil SA (SA:RADL3), which rose 5.13% or 3.65 points to trade at 74.75 at the close. Meanwhile, Multiplan SA (SA:MULT3) added 4.50% or 2.55 points to end at 59.24 and Cvc Brasil ON (SA:CVCB3) was up 4.37% or 1.81 points to 43.25 in late trade.

The worst performers of the session were Ultrapar Participacoes SA (SA:UGPA3), which fell 4.94% or 2.24 points to trade at 43.10 at the close. Embraer SA (SA:EMBR3) declined 4.62% or 1.00 points to end at 20.66 and Cia Paranaense de Energia (SA:CPLE6) was down 1.89% or 0.41 points to 21.32.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 252 to 183 and 27 ended unchanged.

Shares in Ultrapar Participacoes SA (SA:UGPA3) fell to 5-year lows; falling 4.94% or 2.24 to 43.10.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.29% to 32.96.

Gold Futures for August delivery was down 0.40% or 5.00 to $1241.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.44% or 0.31 to hit $70.64 a barrel, while the September US coffee C contract fell 1.57% or 1.75 to trade at $109.97 .

USD/BRL was down 0.72% to 3.8544, while EUR/BRL fell 0.60% to 4.5037.

The US Dollar Index Futures was down 0.13% at 94.45.

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Colombia stocks higher at close of trade; COLCAP up 0.08%

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

At the close in Colombia, the COLCAP gained 0.08%.

The best performers of the session on the COLCAP were Conconcret (CN:CIC), which rose 3.81% or 29.0 points to trade at 790.0 at the close. Meanwhile, Avianca Holdings Pf (CN:AVT_p) added 0.86% or 20.0 points to end at 2350.0 and Interconnection Electric SA ESP (CN:ISA) was up 0.57% or 80.0 points to 14020.0 in late trade.

The worst performers of the session were Bancolombia Pf (CN:BIC_p1), which fell 0.85% or 300.0 points to trade at 35100.0 at the close. Cementos Argos Pf (CN:CCB_p) added 0.12% or 10.0 points to end at 8380.0 and Grupoaval (CN:GAA) was down 0.83% or 10.0 points to 1190.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 16 to 11 and 6 ended unchanged.

US coffee C for September delivery was down 1.57% or 1.75 to $109.97 . Elsewhere in commodities trading, US cocoa for delivery in September rose 0.99% or 24.50 to hit $2506.00 , while the August Gold Futures contract fell 0.42% or 5.20 to trade at $1241.40 a troy ounce.

USD/COP was down 0.57% to 2859.00, while BRL/COP rose 0.26% to 743.00.

The US Dollar Index Futures was down 0.12% at 94.46.

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Crude Oil Prices Settle Higher, But Can't Avoid Weekly Slump Amid Rising Supply

Investing.com – WTI crude oil prices settled higher Friday, but posted steep losses for the week, as traders eased bets on a global supply shortage in the wake of resuming crude flows from Libya and expectations the decline in Iranian exports would be less severe than anticipated.

On the New York Mercantile Exchange crude futures for August delivery rose 1.00% to settle at $71.01 a barrel, while on London's Intercontinental Exchange, Brent rose 1.5% to trade at $75.56 a barrel.

Crude oil prices fell nearly 4% for the week as mixed signals on supplies scaled back investor expectations for a global supply shortage. Libya resumed exports, U.S. supplies fell more than expected, while bets on a significant loss of Iranian crude were trimmed.

Data showing inventories of U.S. crude fell by 12.633 million barrels for the week ended July 6 were overshadowed by Libya's announcement that it would reopen four oil export terminals, which some analysts said could see as much as 0.7 million barrels per day return to the market.

That came as investors were mulling the prospect of a less severe loss of Iran crude after U.S. Secretary of State Mike Pompeo said the White House would consider extending sanctions relief to some oil buyers of Iranian crude beyond the previously announced November deadline.

Rising OPEC output also weighed on sentiment as the oil-cartel revealed earlier this week its members had increased output last month, led by a rise in Saudi output to levels not seen since the output-cut agreement in 2016.

The International Energy Agency's warning of a potential capacity crunch had a limited impact on markets.

"In June, Iran's crude exports fell back by about 230,000 barrels a day, albeit from a relatively high level in May, as European purchases dropped by nearly 50%," the agency said.

Sentiment on oil prices on Friday were also helped by data pointing to signs of a pause in the pace of U.S. output, which remains unchanged at 10.9 million barrels a day.

Oilfield services firm Baker Hughes reported its weekly U.S. rig count was unchanged at 863.

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Gold Prices On-Track for Lowest Settlement in 2-Weeks; Metal Prices Steady

Investing.com – Gold prices hovered above fresh seven-month lows Friday, as a weaker dollar failed to lift sentiment, while other metals steadied as trade war concerns eased.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $5.30, or 0.43%, to $1,241.30 a troy ounce.

Gold prices resumed their decline and remained on track for their lowest settlement in nearly two weeks as easing trade-war concerns offset the dollar's retreat against its rivals from a two-week high.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.01% to 94.58, but remained well below its intraday of high of 95.00.

Dollar-denominated commodities such as gold are sensitive to moves in the dollar. A rise in the dollar makes gold more expensive for holders of foreign currency, reducing demand for the precious metal.

Downside momentum in other metals was somewhat limited by easing trade-war concerns as traders brushed off the possibility of an uptick in China-U.S. trade tensions, despite data showing China's surplus with the U.S. rose to record $29 billion.

The sharp uptick in exports, which significantly boosted the surplus, was said to be unsustainable, and likely the result of Chinese exporters rushing shipments before U.S. tariffs went into effect in the first week of July.

Copper prices, fell 0.07% to $2.78, while zinc prices settled 0.08% lower at 2,581.25

Aluminium prices fell 0.17% to 2,039.75, while Nickel futures settled nearly 2% lower at 13,955.00.

Silver futures fell 0.98% to $15.82 a troy ounce, while platinum futures fell 1.89% to $830.40 to near 10-year lows on expectations of lower demand from the automotive sector amid potential tariffs that could hurt carmakers.

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Nigeria stocks higher at close of trade; NSE 30 up 0.59%

Investing.com – Nigeria stocks were higher after the close on Friday, as gains in the Oil&Gas, Food, Beverages&Tobacco and Banking sectors led shares higher.

At the close in Lagos, the NSE 30 gained 0.59%.

The best performers of the session on the NSE 30 were Wapco (LAGOS:WAPCO), which rose 8.70% or 3.00 points to trade at 35.55 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 3.45% or 0.20 points to end at 5.80 and Dangsugar (LAGOS:DANGSUG) was up 2.94% or 0.50 points to 17.50 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 9.74% or 1.85 points to trade at 17.15 at the close. Skye Bank (LAGOS:SKYEBAN) declined 3.08% or 0.020 points to end at 0.650 and Uacn Prop (LAGOS:UACN) was down 1.48% or 0.20 points to 13.30.

Falling stocks outnumbered advancing ones on the Lagos by 61 to 29 and 17 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; down 9.74% or 1.85 to 17.15.

Crude oil for August delivery was up 1.00% or 0.70 to $71.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.10% or 0.82 to hit $75.27 a barrel, while the August Gold Futures contract fell 0.38% or 4.70 to trade at $1241.90 a troy ounce.

EUR/NGN was down 0.07% to 355.640, while USD/NGN unchanged 0.00% to 361.000.

The US Dollar Index Futures was up 0.01% at 94.58.

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Dollar Retreats From 2-Week Highs as GBP/USD Rebounds

Investing.com – The dollar retreated from a two-week high against its rivals Friday, pressured by a rebound in the pound from an 11-day low.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.01% to 94.56, after hitting a two-week high of 95.00.

GBP/USD rebounded from an 11-day low of $1.3103 to $1.3213, after U.S. President Donald Trump walked back his criticism of British Prime Minister Theresa May, and claimed a U.K.-U.S. trade deal was still possible.

That eased investor fears that Britain would struggle to secure a trade deal with the United States as Trump had reportedly told the Sun newspaper on Thursday that May's Brexit plan may "kill" Britain's chances of such a deal.

Elsewhere, China's trade surplus with the U.S. hit a record of nearly $29 billion, raising the risk of deepening its trade-related rift with the United States.

That, however, failed to trigger significant demand for safe-haven yen and Swiss franc as the latter fell modestly against the greenback.

USD/JPY fell 0.07% to Y112.44, while USD/CHF rose 0.03% to 1.0027.

The Federal Reserve's release of a monetary policy report to Congress in advance of Fed chairman Powell's testimony before the Senate due Tuesday, also had a muted impact on the dollar.

The Fed gave a positive assessment of the U.S. economy, insisting that strong labor markets and inflation would support the central bank's plan to continue with gradual rate hikes.

EUR/USD fell 0.02% to $1.1669, while the USD/CAD rose 0.11% to C$1.3169, as gains in the latter pair were limited by rising oil prices – a boon for the loonie.

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Portugal stocks lower at close of trade; PSI 20 down 0.26%

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

At the close in Lisbon, the PSI 20 lost 0.26%.

The best performers of the session on the PSI 20 were F.Rama (LS:RAMA), which rose 6.32% or 0.600 points to trade at 10.100 at the close. Meanwhile, J. Martins SGPS (LS:JMT) added 0.72% or 0.0900 points to end at 12.6700 and CTT Correios de Portugal SA (LS:CTT) was up 0.55% or 0.0160 points to 2.9060 in late trade.

The worst performers of the session were Pharol SGPS SA (LS:PHRA), which fell 2.20% or 0.0055 points to trade at 0.2440 at the close. EDP (LS:EDP) declined 1.17% or 0.0410 points to end at 3.4600 and The Navigator Company SA (LS:NVGR) was down 1.07% or 0.0550 points to 5.0750.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 22 to 9 and 6 ended unchanged.

Brent oil for September delivery was up 1.22% or 0.91 to $75.36 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.00% or 0.70 to hit $71.03 a barrel, while the August Gold Futures contract fell 0.35% or 4.40 to trade at $1242.20 a troy ounce.

EUR/USD was up 0.01% to 1.1672, while EUR/GBP fell 0.07% to 0.8831.

The US Dollar Index Futures was down 0.01% at 94.56.

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Finland stocks lower at close of trade; OMX Helsinki 25 down 0.79%

Investing.com – Finland stocks were lower after the close on Friday, as losses in the Telecoms, Utilities and Basic Materials sectors led shares lower.

At the close in Helsinki, the OMX Helsinki 25 fell 0.79%.

The best performers of the session on the OMX Helsinki 25 were Wartsila Oyj Abp (HE:WRT1V), which rose 2.44% or 0.40 points to trade at 16.80 at the close. Meanwhile, Outotec Oyj (HE:OTE1V) added 0.90% or 0.058 points to end at 6.518 and Konecranes ABP (HE:KCRA) was up 0.60% or 0.21 points to 35.15 in late trade.

The worst performers of the session were Elisa Oyj (HE:ELISA), which fell 9.22% or 3.82 points to trade at 37.60 at the close. Stora Enso Oyj R (HE:STERV) declined 1.57% or 0.265 points to end at 16.575 and Huhtamaki Oyj (HE:HUH1V) was down 1.55% or 0.48 points to 30.53.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 71 to 64 and 24 ended unchanged.

Brent oil for September delivery was up 1.22% or 0.91 to $75.36 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.87% or 0.61 to hit $70.94 a barrel, while the August Gold Futures contract fell 0.36% or 4.50 to trade at $1242.10 a troy ounce.

EUR/USD was down 0.01% to 1.1670, while EUR/GBP fell 0.06% to 0.8832.

The US Dollar Index Futures was up 0.01% at 94.58.

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Netherlands stocks higher at close of trade; AEX up 0.56%

Investing.com – Netherlands stocks were higher after the close on Friday, as gains in the Healthcare, Industrials and Oil&Gas sectors led shares higher.

At the close in Amsterdam, the AEX added 0.56%.

The best performers of the session on the AEX were Randstad Holding NV (AS:RAND), which rose 1.78% or 0.90 points to trade at 51.44 at the close. Meanwhile, Aegon NV (AS:AEGN) added 1.13% or 0.058 points to end at 5.190 and Aalberts Industries NV (AS:AALB) was up 1.13% or 0.45 points to 40.42 in late trade.

The worst performers of the session were Altice NV (AS:ATCA), which fell 1.31% or 0.04 points to trade at 3.17 at the close. Koninklijke KPN NV (AS:KPN) declined 0.77% or 0.019 points to end at 2.464 and Philips Lighting NV (AS:LIGHT) was down 0.36% or 0.08 points to 21.96.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 85 to 38 and 12 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 1.86% to 11.43.

Crude oil for August delivery was up 0.91% or 0.64 to $70.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.25% or 0.93 to hit $75.38 a barrel, while the August Gold Futures contract fell 0.36% or 4.50 to trade at $1242.10 a troy ounce.

EUR/USD was down 0.02% to 1.1669, while EUR/GBP fell 0.06% to 0.8832.

The US Dollar Index Futures was up 0.02% at 94.59.

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France stocks higher at close of trade; CAC 40 up 0.43%

Investing.com – France stocks were higher after the close on Friday, as gains in the Consumer Goods, Consumer Services and Industrials sectors led shares higher.

At the close in Paris, the CAC 40 rose 0.43%, while the SBF 120 index added 0.32%.

The best performers of the session on the CAC 40 were Compagnie Generale des Etablissements Michelin SCA (PA:MICP), which rose 2.59% or 2.70 points to trade at 106.80 at the close. Meanwhile, LVMH Moet Hennessy Louis Vuitton SE (PA:LVMH) added 2.28% or 6.60 points to end at 295.95 and Airbus Group SE (PA:AIR) was up 2.15% or 2.26 points to 107.40 in late trade.

The worst performers of the session were Orange SA (PA:ORAN), which fell 0.78% or 0.12 points to trade at 14.60 at the close. Vinci SA (PA:SGEF) declined 0.65% or 0.56 points to end at 85.66 and Sanofi SA (PA:SASY) was down 0.44% or 0.32 points to 71.91.

The top performers on the SBF 120 were SES (PA:SESFd) which rose 3.95% to 17.73, Worldline SA (PA:WLN) which was up 3.06% to settle at 52.150 and CGG SA (PA:GEPH) which gained 2.94% to close at 2.314.

The worst performers were Altran Technologies (PA:ALTT) which was down 27.20% to 8.721 in late trade, Rexel (PA:RXL) which lost 3.90% to settle at 11.96 and Iliad (PA:ILD) which was down 1.78% to 138.05 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 309 to 260 and 100 ended unchanged.

Shares in Airbus Group SE (PA:AIR) rose to all time highs; gaining 2.15% or 2.26 to 107.40. Shares in Altran Technologies (PA:ALTT) fell to 3-years lows; down 27.20% or 3.259 to 8.721.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 5.88% to 11.65.

Gold Futures for August delivery was down 0.35% or 4.40 to $1242.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.91% or 0.64 to hit $70.97 a barrel, while the September Brent oil contract rose 1.25% or 0.93 to trade at $75.38 a barrel.

EUR/USD was down 0.02% to 1.1669, while EUR/GBP fell 0.06% to 0.8832.

The US Dollar Index Futures was up 0.01% at 94.58.

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Belgium stocks higher at close of trade; BEL 20 up 0.09%

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

At the close in Brussels, the BEL 20 added 0.09%.

The best performers of the session on the BEL 20 were Galapagos NV (AS:GLPG), which rose 1.08% or 0.920 points to trade at 86.360 at the close. Meanwhile, Solvay SA (BR:SOLB) added 0.80% or 0.85 points to end at 107.20 and KBC (BR:KBC) was up 0.55% or 0.360 points to 65.860 in late trade.

The worst performers of the session were Telenet Group (BR:TNET), which fell 5.17% or 2.30 points to trade at 42.16 at the close. Proximus NV (BR:PROX) declined 1.84% or 0.38 points to end at 20.31 and bpost NV (BR:BPOST) was down 0.73% or 0.09 points to 12.32.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 56 to 51 and 21 ended unchanged.

Shares in bpost NV (BR:BPOST) fell to all time lows; falling 0.73% or 0.09 to 12.32.

Gold Futures for August delivery was down 0.34% or 4.20 to $1242.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.91% or 0.64 to hit $70.97 a barrel, while the September Brent oil contract rose 1.18% or 0.88 to trade at $75.33 a barrel.

EUR/USD was down 0.02% to 1.1669, while EUR/GBP fell 0.10% to 0.8828.

The US Dollar Index Futures was up 0.01% at 94.58.

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Germany stocks mixed at close of trade; DAX up 0.38%

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Food&Beverages, Transportation&Logistics and Technology sectors led shares higher while losses in the Retail, Telecoms and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX added 0.38%, while the MDAX index gained 0.37%, and the TecDAX index fell 0.12%.

The best performers of the session on the DAX were Linde AG 1 (DE:LIN1), which rose 1.50% or 3.2000 points to trade at 216.0000 at the close. Meanwhile, Deutsche Post AG NA O.N. (DE:DPWGn) added 1.48% or 0.410 points to end at 28.060 and Adidas AG (DE:ADSGN) was up 1.32% or 2.45 points to 187.75 in late trade.

The worst performers of the session were Fresenius SE&Co KGAA O.N. (DE:FREG), which fell 3.08% or 2.120 points to trade at 66.600 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 1.34% or 0.280 points to end at 20.620 and E.ON SE NA (DE:EONGn) was down 0.81% or 0.078 points to 9.601.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 2.47% to 58.100, Osram Licht AG (DE:OSRn) which was up 2.41% to settle at 33.98 and Airbus Group SE (DE:AIRG) which gained 2.07% to close at 107.36.

The worst performers were Zalando SE (DE:ZALG) which was down 2.83% to 47.37 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 1.50% to settle at 115.00 and Leoni AG (DE:LEOGn) which was down 1.30% to 41.110 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 6.71% to 11.717, Siltronic AG (DE:WAFGn) which was up 3.31% to settle at 126.500 and Cancom SE O.N. (DE:COKG) which gained 2.93% to close at 96.500.

The worst performers were Siemens Healthineers AG (DE:SHLG) which was down 2.19% to 37.81 in late trade, Software AG (DE:SOWGn) which lost 2.11% to settle at 40.830 and SLM Solutions Group AG (DE:AM3D) which was down 1.74% to 31.00 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 429 to 272 and 79 ended unchanged.

Shares in Linde AG 1 (DE:LIN1) rose to all time highs; up 1.50% or 3.2000 to 216.0000. Shares in Airbus Group SE (DE:AIRG) rose to all time highs; gaining 2.07% or 2.18 to 107.36. Shares in Leoni AG (DE:LEOGn) fell to 52-week lows; falling 1.30% or 0.540 to 41.110.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.30% to 14.12.

Gold Futures for August delivery was down 0.35% or 4.40 to $1242.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.80% or 0.56 to hit $70.89 a barrel, while the September Brent oil contract rose 1.25% or 0.93 to trade at $75.38 a barrel.

EUR/USD was down 0.04% to 1.1666, while EUR/GBP fell 0.10% to 0.8828.

The US Dollar Index Futures was up 0.02% at 94.59.

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U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.12%

Investing.com – U.K. stocks were higher after the close on Friday, as gains in the Industrial Metals&Mining, Software&Computer Services and Industrial Engineering sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 added 0.12%.

The best performers of the session on the Investing.com United Kingdom 100 were Micro Focus International PLC (LON:MCRO), which rose 4.67% or 57.00 points to trade at 1278.50 at the close. Meanwhile, DCC plc (LON:DCC) added 3.70% or 255.0 points to end at 7155.0 and Burberry Group PLC (LON:BRBY) was up 2.53% or 52.00 points to 2108.00 in late trade.

The worst performers of the session were Randgold Resources Ltd (LON:RRS), which fell 1.65% or 92.00 points to trade at 5480.00 at the close. Mediclinic International PLC (LON:MDCM) declined 1.60% or 8.60 points to end at 527.60 and Merlin Entertainments PLC (LON:MERL) was down 1.17% or 4.80 points to 404.70.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1140 to 813 and 334 ended unchanged.

Shares in Randgold Resources Ltd (LON:RRS) fell to 52-week lows; falling 1.65% or 92.00 to 5480.00.

Gold Futures for August delivery was down 0.30% or 3.70 to $1242.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.80% or 0.56 to hit $70.89 a barrel, while the September Brent oil contract rose 1.22% or 0.91 to trade at $75.36 a barrel.

GBP/USD was up 0.08% to 1.3216, while EUR/GBP fell 0.08% to 0.8830.

The US Dollar Index Futures was up 0.01% at 94.58.

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Turkey stocks higher at close of trade; BIST 100 up 0.36%

Investing.com – Turkey stocks were higher after the close on Friday, as gains in the Tourism, Transport and Food&Beverages sectors led shares higher.

At the close in Istanbul, the BIST 100 gained 0.36%.

The best performers of the session on the BIST 100 were Tekfen Holding AS (IS:TKFEN), which rose 6.21% or 1.10 points to trade at 18.82 at the close. Meanwhile, Ulker Biskuvi Sanayi AS (IS:ULKER) added 5.21% or 0.85 points to end at 17.16 and Alcatel Lucent Teletas Telekomunikasyon AS (IS:ALCTL) was up 4.47% or 0.230 points to 5.380 in late trade.

The worst performers of the session were Arcelik AS (IS:ARCLK), which fell 5.37% or 0.70 points to trade at 12.33 at the close. Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D (IS:KRDMD) declined 4.45% or 0.200 points to end at 4.290 and Koza Anadolu Metal Madencilik Isletmeleri AS (IS:KOZAA) was down 3.78% or 0.220 points to 5.600.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 241 to 102 and 66 ended unchanged.

Shares in Tekfen Holding AS (IS:TKFEN) rose to all time highs; rising 6.21% or 1.10 to 18.82. Shares in Arcelik AS (IS:ARCLK) fell to 3-years lows; losing 5.37% or 0.70 to 12.33.

Gold Futures for August delivery was down 0.33% or 4.10 to $1242.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.51% or 0.36 to hit $70.69 a barrel, while the September Brent oil contract rose 0.91% or 0.68 to trade at $75.13 a barrel.

USD/TRY was down 0.50% to 4.8305, while EUR/TRY fell 0.55% to 5.6392.

The US Dollar Index Futures was up 0.01% at 94.58.

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Greece stocks higher at close of trade; Athens General Composite up 1.26%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Telecoms, Retail and Household sectors led shares higher.

At the close in Athens, the Athens General Composite gained 1.26%.

The best performers of the session on the Athens General Composite were Selonda Aquaculture SA (AT:SELr), which rose 10.78% or 0.0110 points to trade at 0.1130 at the close. Meanwhile, Hellenic Telec (AT:OTEr) added 4.05% or 0.42 points to end at 10.79 and Marfin Invest (AT:MRFr) was up 4.03% or 0.004 points to 0.108 in late trade.

The worst performers of the session were Nireus Aqua (AT:NIRr), which fell 2.97% or 0.005 points to trade at 0.170 at the close. ThesKi Water (AT:TWSr) declined 1.50% or 0.070 points to end at 4.630 and Ellaktor SA (AT:HELr) was down 1.46% or 0.030 points to 2.030.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 64 to 26 and 14 ended unchanged.

Gold Futures for August delivery was down 0.30% or 3.80 to $1242.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.44% or 0.31 to hit $70.64 a barrel, while the September Brent oil contract rose 0.90% or 0.67 to trade at $75.12 a barrel.

EUR/USD was unchanged 0.00% to 1.1671, while EUR/GBP fell 0.07% to 0.8831.

The US Dollar Index Futures was down 0.01% at 94.56.

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Greece stocks higher at close of trade; Athens General Composite up 1.26%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Telecoms, Retail and Household sectors led shares higher.

At the close in Athens, the Athens General Composite gained 1.26%.

The best performers of the session on the Athens General Composite were Selonda Aquaculture SA (AT:SELr), which rose 10.78% or 0.0110 points to trade at 0.1130 at the close. Meanwhile, Hellenic Telec (AT:OTEr) added 4.05% or 0.42 points to end at 10.79 and Marfin Invest (AT:MRFr) was up 4.03% or 0.004 points to 0.108 in late trade.

The worst performers of the session were Nireus Aqua (AT:NIRr), which fell 2.97% or 0.005 points to trade at 0.170 at the close. ThesKi Water (AT:TWSr) declined 1.50% or 0.070 points to end at 4.630 and Ellaktor SA (AT:HELr) was down 1.46% or 0.030 points to 2.030.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 64 to 26 and 14 ended unchanged.

Gold Futures for August delivery was down 0.30% or 3.80 to $1242.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.44% or 0.31 to hit $70.64 a barrel, while the September Brent oil contract rose 0.90% or 0.67 to trade at $75.12 a barrel.

EUR/USD was unchanged 0.00% to 1.1671, while EUR/GBP fell 0.07% to 0.8831.

The US Dollar Index Futures was down 0.01% at 94.56.

Read More

Greece stocks higher at close of trade; Athens General Composite up 1.26%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Telecoms, Retail and Household sectors led shares higher.

At the close in Athens, the Athens General Composite added 1.26%.

The best performers of the session on the Athens General Composite were Selonda Aquaculture SA (AT:SELr), which rose 10.78% or 0.0110 points to trade at 0.1130 at the close. Meanwhile, Hellenic Telec (AT:OTEr) added 4.05% or 0.42 points to end at 10.79 and Marfin Invest (AT:MRFr) was up 4.03% or 0.004 points to 0.108 in late trade.

The worst performers of the session were Nireus Aqua (AT:NIRr), which fell 2.97% or 0.005 points to trade at 0.170 at the close. ThesKi Water (AT:TWSr) declined 1.50% or 0.070 points to end at 4.630 and Ellaktor SA (AT:HELr) was down 1.46% or 0.030 points to 2.030.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 64 to 26 and 14 ended unchanged.

Gold Futures for August delivery was down 0.30% or 3.70 to $1242.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.44% or 0.31 to hit $70.64 a barrel, while the September Brent oil contract rose 0.90% or 0.67 to trade at $75.12 a barrel.

EUR/USD was unchanged 0.00% to 1.1671, while EUR/GBP fell 0.07% to 0.8831.

The US Dollar Index Futures was down 0.01% at 94.56.

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