Click to Verify

Register Now And Get A Free Introduction Lesson

Try us Without Risk


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



Register for No-Loss Guarantee

HOT OPPORTUNITIES

Check how much you could earn on

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

Courses for all skill levels

For beginners

Courses for beginners without previous experience.

Sign Up

For professionals

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

Sign Up

See what others are trading

Find out what’s hot, and what’s not.

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

 
 
 

Market Updates

Portugal stocks lower at close of trade; PSI 20 down 0.13%

Investing.com – Portugal stocks were lower after the close on Tuesday, as losses in the Telecoms, Consumer Services and Technology sectors led shares lower.

At the close in Lisbon, the PSI 20 declined 0.13%.

The best performers of the session on the PSI 20 were REN (LS:RENE), which rose 1.02% or 0.0260 points to trade at 2.5640 at the close. Meanwhile, Mota Engil (LS:MOTA) added 0.88% or 0.0350 points to end at 4.0200 and Ibersol SGPS (LS:IBS) was up 0.82% or 0.100 points to 12.300 in late trade.

The worst performers of the session were J. Martins SGPS (LS:JMT), which fell 0.74% or 0.1300 points to trade at 17.3250 at the close. Galp Energia Nom (LS:GALP) declined 0.65% or 0.1050 points to end at 16.1000 and Banco Comercial Portugues (LS:BCP) was down 0.65% or 0.0019 points to 0.2891.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 19 to 16 and 6 ended unchanged.

Brent oil for March delivery was down 1.28% or 0.90 to $69.36 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.72% or 0.46 to hit $63.84 a barrel, while the February Gold Futures contract fell 0.02% or 0.30 to trade at $1334.60 a troy ounce.

EUR/USD was down 0.20% to 1.2241, while EUR/GBP fell 0.07% to 0.8887.

The US Dollar Index Futures was up 0.27% at 90.37.

Read More

Netherlands stocks higher at close of trade; AEX up 0.02%

Investing.com – Netherlands stocks were higher after the close on Tuesday, as gains in the Technology, Consumer Services and Healthcare sectors led shares higher.

At the close in Amsterdam, the AEX added 0.02%.

The best performers of the session on the AEX were NN Group NV (AS:NN), which rose 1.60% or 0.60 points to trade at 38.10 at the close. Meanwhile, ASML Holding NV (AS:ASML) added 1.22% or 1.85 points to end at 153.65 and Koninklijke KPN NV (AS:KPN) was up 0.88% or 0.025 points to 2.867 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 1.20% or 0.365 points to trade at 30.155 at the close. SBM Offshore NV (AS:SBMO) declined 0.96% or 0.15 points to end at 15.49 and Akzo Nobel (AS:AKZO) was down 0.87% or 0.66 points to 75.42.

Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 68 to 47 and 9 ended unchanged.

Shares in NN Group NV (AS:NN) rose to all time highs; rising 1.60% or 0.60 to 38.10.

The AEX Volatility, which measures the implied volatility of AEX options, was up 3.87% to 9.76.

Crude oil for February delivery was down 0.78% or 0.50 to $63.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.35% or 0.95 to hit $69.31 a barrel, while the February Gold Futures contract fell 0.05% or 0.70 to trade at $1334.20 a troy ounce.

EUR/USD was down 0.24% to 1.2237, while EUR/GBP fell 0.13% to 0.8881.

The US Dollar Index Futures was up 0.28% at 90.38.

Read More

Belgium stocks lower at close of trade; BEL 20 down 0.01%

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

At the close in Brussels, the BEL 20 declined 0.01%.

The best performers of the session on the BEL 20 were bpost NV (BR:BPOST), which rose 1.49% or 0.40 points to trade at 27.20 at the close. Meanwhile, Engie SA (PA:ENGIE) added 1.21% or 0.17 points to end at 14.66 and UCB (BR:UCB) was up 0.86% or 0.58 points to 68.30 in late trade.

The worst performers of the session were Umicore SA (BR:UMI), which fell 2.85% or 1.29 points to trade at 43.97 at the close. Aperam SA (AS:APAM) declined 2.27% or 1.04 points to end at 44.76 and Galapagos NV (AS:GLPG) was down 0.59% or 0.540 points to 91.720.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 72 to 47 and 17 ended unchanged.

Shares in bpost NV (BR:BPOST) rose to 52-week highs; rising 1.49% or 0.40 to 27.20.

Gold Futures for February delivery was down 0.05% or 0.70 to $1334.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.93% or 0.60 to hit $63.70 a barrel, while the March Brent oil contract fell 1.48% or 1.04 to trade at $69.22 a barrel.

EUR/USD was down 0.23% to 1.2238, while EUR/GBP fell 0.10% to 0.8884.

The US Dollar Index Futures was up 0.29% at 90.39.

Read More

Germany stocks mixed at close of trade; DAX up 0.35%

Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Financial Services, Software and Telecoms sectors led shares higher while losses in the Construction, Basic Resources and Retail sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.35%, while the MDAX index gained 0.80%, and the TecDAX index declined 0.06%.

The best performers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 3.17% or 2.850 points to trade at 92.640 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 2.28% or 4.10 points to end at 184.00 and Vonovia SE (DE:VNAn) was up 1.57% or 0.63 points to 40.84 in late trade.

The worst performers of the session were Heidelbergcement AG O.N. (DE:HEIG), which fell 1.41% or 1.320 points to trade at 92.300 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 1.38% or 0.350 points to end at 25.010 and Linde AG O.N. (DE:LING) was down 1.35% or 2.60 points to 189.45.

The top performers on the MDAX were Lanxess AG (DE:LXSG) which rose 3.91% to 72.220, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 3.73% to settle at 75.680 and Rational AG (BS:RAAd) which gained 2.89% to close at 552.00.

The worst performers were Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 1.44% to 41.000 in late trade, Salzgitter AG (DE:SZGG) which lost 1.18% to settle at 50.040 and Hella KGaA Hueck&Co (DE:HLE) which was down 0.95% to 57.10 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 2.34% to 12.470, Sartorius AG VZO O.N. (DE:SATG_p) which was up 1.95% to settle at 88.750 and United Internet AG NA (DE:UTDI) which gained 1.20% to close at 57.540.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 3.32% to 13.840 in late trade, RIB Software AG Na (DE:RIB) which lost 3.12% to settle at 26.700 and Nordex SE O.N. (DE:NDXG) which was down 2.50% to 11.105 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 399 to 331 and 85 ended unchanged.

Shares in Bayerische Motoren Werke AG (DE:BMWG) rose to 52-week highs; gaining 3.17% or 2.850 to 92.640. Shares in Volkswagen AG VZO O.N. (DE:VOWG_p) rose to 52-week highs; up 2.28% or 4.10 to 184.00. Shares in Lanxess AG (DE:LXSG) rose to all time highs; rising 3.91% or 2.720 to 72.220.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.30% to 12.33.

Gold Futures for February delivery was down 0.01% or 0.10 to $1334.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.82% or 0.53 to hit $63.77 a barrel, while the March Brent oil contract fell 1.48% or 1.04 to trade at $69.22 a barrel.

EUR/USD was down 0.19% to 1.2243, while EUR/GBP fell 0.03% to 0.8890.

The US Dollar Index Futures was up 0.26% at 90.36.

Read More

Morocco stocks higher at close of trade; Moroccan All Shares up 0.60%

Investing.com – Morocco stocks were higher after the close on Tuesday, as gains in the Holding Companies, Telecoms and Forestry&Paper sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.60% to hit a new 5-year high.

The best performers of the session on the Moroccan All Shares were BMCI (CS:BMCI), which rose 5.97% or 55 points to trade at 975 at the close. Meanwhile, S2M (CS:S2M) added 5.76% or 16.00 points to end at 294.00 and Delta Holding S.A (CS:DHO) was up 4.67% or 1.61 points to 36.11 in late trade.

The worst performers of the session were Afric Industries Sa (CS:AFIND), which fell 6.00% or 16.90 points to trade at 264.90 at the close. Realis. Mecaniques (CS:SRM) declined 2.77% or 8.00 points to end at 281.00 and IB Maroc Com SA (CS:IBC) was down 2.08% or 2.65 points to 125.05.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 19 to 18 and 11 ended unchanged.

Shares in BMCI (CS:BMCI) rose to 5-year highs; rising 5.97% or 55 to 975. Shares in Afric Industries Sa (CS:AFIND) fell to 3-years lows; losing 6.00% or 16.90 to 264.90. Shares in S2M (CS:S2M) rose to 5-year highs; gaining 5.76% or 16.00 to 294.00. Shares in Delta Holding S.A (CS:DHO) rose to 5-year highs; gaining 4.67% or 1.61 to 36.11.

Crude oil for February delivery was down 1.17% or 0.75 to $63.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.75% or 1.23 to hit $69.03 a barrel, while the February Gold Futures contract fell 0.01% or 0.10 to trade at $1334.80 a troy ounce.

EUR/MAD was down 0.04% to 11.3000, while USD/MAD rose 0.14% to 9.2283.

The US Dollar Index Futures was up 0.26% at 90.36.

Read More

Russia stocks lower at close of trade; MOEX Russia down 0.16%

Investing.com – Russia stocks were lower after the close on Tuesday, as losses in the Mining, Telecoms and Power sectors led shares lower.

At the close in Moscow, the MOEX Russia fell 0.16%.

The best performers of the session on the MOEX Russia were Lenta Ltd (MCX:LNTADR), which rose 3.80% or 14 points to trade at 369 at the close. Meanwhile, Ros Agro PLC (MCX:AGRODR) added 2.95% or 17 points to end at 592 and DIXY Group ao (MCX:DIXY) was up 2.52% or 8.10 points to 329.70 in late trade.

The worst performers of the session were Aeroflot (MCX:AFLT), which fell 3.99% or 5.85 points to trade at 140.75 at the close. MMC Norilsk Nickel (MCX:GMKN) declined 3.19% or 375.0 points to end at 11375.0 and Magnit (MCX:MGNT) was down 2.72% or 179.0 points to 6400.0.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 130 to 91 and 19 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 9.65% to 20.120 a new 1-month high.

Gold Futures for February delivery was down 0.01% or 0.20 to $1334.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.17% or 0.75 to hit $63.55 a barrel, while the March Brent oil contract fell 1.75% or 1.23 to trade at $69.03 a barrel.

USD/RUB was up 0.26% to 56.4802, while EUR/RUB rose 0.01% to 69.1550.

The US Dollar Index Futures was up 0.26% at 90.36.

Read More

Stocks- Dow Hits 26,000 Amid Strong Earnings Results

Investing.com – The Dow hit 26,000 for the first time on Tuesday as strong earnings from Citigroup (NYSE:C) and UnitedHealth Group Incorporated (NYSE:UNH) helped Wall Street rise.

The S&P 500 rose 12 points or 0.44% to 2,798.44 as of 10:47 AM ET (15:47 GMT) while the Dow composite increased 185 points or 0.72% to 25,988.49, shortly below a morning high of 26,080.60 and tech heavy NASDAQ Composite was up over 50 points or 0.70% to 7,311.97.

Citigroup rose 0.98% after its earnings came in better than expected while UnitedHealth increased 2.32% on strong financial results. Meanwhile technology stocks surged, with Apple (NASDAQ:AAPL) up 1.22% and Amazon.com (NASDAQ:AMZN) gaining 1.88%. Luxury car maker Tesla (NASDAQ:TSLA) rose 2.18% while airplane maker Boeing (NYSE:BA) moved forward 2.59% and Netflix (NASDAQ:NFLX) jumped 1.16%. General Motors (NYSE:GM) was up 2.51% percent after the company said it expected earnings in 2018 to be flat, but would pick up again in 2019.

Elsewhere payments processor Square (NYSE:SQ) fell 2.81% while Bitcoin Investment Trust (OTC:GBTC) slumped 9.29% as the price of cryptocurrencies fell by double digits and General Electric (NYSE:GE) decreased 3.41% amid news that it was taking a $6.2 billion charge from a legacy insurance portfolio.

In Europe stocks were mixed. In Germany the DAX rose 67 points or 0.52% while France’s CAC 40 increased two points or 0.04% and in London the FTSE 100 fell 23 points or 0.30%. Meanwhile Spain’s IBEX 35 was up 66 points or 0.64% and the pan-European Euro Stoxx 50 rose five points or 0.14%.

In commodities, gold futures inched down 0.01% to $1,334.70 a troy ounce while crude oil futures fell 0.20% to $64.17 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, rallied 0.31% to 90.41.

Read More

Crude Oil Prices Remain Lower But Downside Limited

Investing.com - Crude oil prices remained lower on Tuesday, but losses were expected to remain limited as overal optimism over the rebalancing of the market continued to lend strong support to the commodity.

The U.S. West Texas Intermediate crude February contract was down 18 cents or about 0.30% at $64.14 a barrel by 10:00 a.m. ET (14:00 GMT), still close to last Thursday' three-year peak of $64.77.

Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London lost 57 cents or about 0.78% to $69.71 a barrel, not far from a three-year higher of $70.05 also hit last Thursday.

Oil prices have remained supported in recent weeks amid ongoing optimism that OPEC-led output cuts would continue to drain the market of excess supplies.

Futures have added around 13% since early December, benefiting from production cut efforts led by the Organization of the Petroleum Exporting Countries and Russia. The producers agreed in December to extend current oil output cuts until the end of 2018.

The deal to cut oil output by 1.8 million barrels a day (bpd) was adopted last winter by OPEC, Russia and nine other global producers. The agreement was due to end in March 2018, having already been extended once.

However, analysts and traders have warned that the recent rally could encourage U.S. shale oil producers to ramp up production as they look to take advantage of higher prices.

Elsewhere, gasoline futures fell 0.11% to $1.857 a gallon, while natural gas futures lost 2.78% to $3.111 per million British thermal units.

Read More

USD/CAD Slips Lower After Downbeat U.S. Data

Investing.com - The U.S. dollar slipped lower against its Canadian counterpart on Tuesday, after the release of downbeat U.S. data, as a drop in oil prices weighed on demand for the commodity-related Canadian currency.

USD/CAD was down 0.10% at 1.2415 by 09:30 a.m. ET (13:30 GMT).

The Federal Reserve Bank of New York reported on Tuesday that its Empire State manufacturing index fell to 17.70 in January from 19.60 the previous month, confouding expectations for a decline to only 18.00.

The dollar has recently been pressured lower by concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, led by the European Central Bank to begin unwinding loose monetary policy at a faster pace than expected.

Expectations that the ECB could soon start to scale back its monetary stimulus program received a boost on Monday after ECB Governing Council member Ardo Hansson said bond purchases could end in one step in September if the economy and inflation develop as expected.

But the Canadian dollar's gains were capped by a decline in oil prices on Tuesday, even though overall optimism over the rebalancing of the market continued to support the commodity.

The loonie was higher against the euro, with EUR/CAD sliding 0.58% to 1.5156.

Read More

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.65%

Investing.com – Saudi Arabia stocks were higher after the close on Tuesday, as gains in the Agriculture&Food, Telecoms&IT and Insurance sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.65% to hit a new 52-week high.

The best performers of the session on the Tadawul All Share were Emaar The Economic City (SE:4220), which rose 4.85% or 0.65 points to trade at 14.06 at the close. Meanwhile, Bupa Arabia for Coop. Insurance (SE:8210) added 4.27% or 3.85 points to end at 94.00 and AXA Cooperative Insurance Company (SE:8250) was up 3.69% or 0.84 points to 23.58 in late trade.

The worst performers of the session were Saudi Printing&Packaging Company (SE:4270), which fell 4.45% or 0.95 points to trade at 20.42 at the close. Saudi Arabia Fertilizers Co. (SE:2020) declined 2.74% or 1.92 points to end at 68.20 and Rabigh Refining&Petrochemical Co (SE:2380) was down 2.65% or 0.55 points to 20.18.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 95 to 77 and 11 ended unchanged.

Crude oil for February delivery was down 0.20% or 0.13 to $64.17 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.94% or 0.66 to hit $69.60 a barrel, while the February Gold Futures contract rose 0.08% or 1.10 to trade at $1336.00 a troy ounce.

EUR/SAR was down 0.26% to 4.5885, while USD/SAR rose 0.03% to 3.7517.

The US Dollar Index Futures was up 0.32% at 90.42.

Read More

Citigroup Shares Extend Gains After Q4 Earnings Beat

Investing.com – Shares in Citigroup (NYSE:C) extended gains in pre-market trade on Tuesday after reporting fourth quarter earnings.

The fourth largest U.S. bank by assets reported adjusted earnings per share (EPS) of $1.28 in the three months ended December 31.

Analysts’ forecast pointed to earnings of $1.19 a share.

The adjusted earnings per share factored out the estimated impact of recent tax reform which contributed to the bank noting a a net loss for the fourth quarter of $18.3 billion, or $7.15 per share.

"The net loss of $18.3 billion, or $7.15 per share, included an estimated one-time, non-cash charge of $22 billion, or $8.43 per share, recorded in the tax line within Corporate / Other, related to the enactment of the Tax Cuts and Jobs Act (Tax Reform)," Citi said in the press release.

Meanwhile, the company’s revenue increased 1.5% from the same quarter a year earlier to $17.26 billion, beating the forecast for $17.22 billion.

"While our fourth quarter results reflected the impact of a significant non-cash charge due to tax reform, the impact on our regulatory capital was much less significant," Citi chief executive Michael Corbat said.

"Tax reform does not change our capital return goals as we remain committed to returning at least $60 billion of capital in the current and next two CCAR cycles, subject to regulatory approval," he added.

Traders will now turn their attention to the firm’s conference call due to start at 10:00AM ET (15:00GMT).

Following the release of the report, shares (NYSE:C) jumped 2.07% in pre-market trade to $78.45, from the previous closing price of $76.84. Citi had been trading up nearly 1% at around $77.60 prior to the publication.

Read More

India stocks lower at close of trade; Nifty 50 down 0.38%

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Real Estate, Metals and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.38%, while the BSE Sensex 30 index lost 0.21%.

The best performers of the session on the Nifty 50 were Wipro Ltd (NS:WIPR), which rose 5.90% or 18.60 points to trade at 331.95 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 4.40% or 40.05 points to end at 949.25 and Infosys Ltd (NS:INFY) was up 3.86% or 41.70 points to 1122.85 in late trade.

The worst performers of the session were Coal India Ltd (NS:COAL), which fell 4.87% or 14.90 points to trade at 291.60 at the close. Hindustan Petroleum Corporation Ltd (NS:HPCL) declined 3.53% or 15.05 points to end at 410.40 and Bajaj Finance Ltd (NS:BJFN) was down 2.66% or 46.15 points to 1687.35.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR) which rose 4.88% to 331.90, Infosys Ltd (BO:INFY) which was up 3.93% to settle at 1122.90 and Tata Consultancy Services Ltd. (BO:TCS) which gained 3.77% to close at 2850.85.

The worst performers were Coal India Ltd (BO:COAL) which was down 4.57% to 291.50 in late trade, Reliance Industries Ltd (BO:RELI) which lost 2.54% to settle at 923.50 and Tata Motors Ltd (BO:TAMO) which was down 2.30% to 421.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1359 to 273 and 20 ended unchanged; on the Bombay Stock Exchange, 2171 fell and 717 advanced, while 108 ended unchanged.

Shares in Wipro Ltd (NS:WIPR) rose to 52-week highs; up 5.90% or 18.60 to 331.95. Shares in HCL Technologies Ltd (NS:HCLT) rose to 52-week highs; up 4.40% or 40.05 to 949.25. Shares in Infosys Ltd (NS:INFY) rose to 52-week highs; up 3.86% or 41.70 to 1122.85. Shares in Wipro Ltd (BO:WIPR) rose to 52-week highs; gaining 4.88% or 15.45 to 331.90. Shares in Infosys Ltd (BO:INFY) rose to 52-week highs; rising 3.93% or 42.50 to 1122.90. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to all time highs; rising 3.77% or 103.65 to 2850.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.54% to 14.0850.

Gold Futures for February delivery was down 0.16% or 2.20 to $1332.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.20% or 0.13 to hit $64.17 a barrel, while the March Brent oil contract fell 0.95% or 0.67 to trade at $69.59 a barrel.

USD/INR was up 0.94% to 64.115, while EUR/INR rose 0.47% to 78.2630.

The US Dollar Index Futures was up 0.43% at 90.52.

Read More

Dollar Continues to Mildly Recover But Gains Seen Limited

Investing.com - The dollar continued to mildly recover from sharp losses posted against other major currencies on Tuesday, but gains were expected to remain limited and the greenback was still trading within close distance of a three-year trough.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.36% at 90.45 by 05:15 a.m. ET (09:15 GMT), off Monday's three-year low of 90.05.

The euro and the pound were lower, with EUR/USD down 0.30% at 1.2228, off the previous session's three-year peak of 1.2296, and with GBP/USD shedding 0.25% to 1.3756.

The dollar has been pressured lower by concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, led by the European Central Bank to begin unwinding loose monetary policy at a faster pace than expected.

Expectations that the ECB could soon start to scale back its monetary stimulus program received a boost on Monday after ECB Governing Council member Ardo Hansson said bond purchases could end in one step in September if the economy and inflation develop as expected.

Meanwhile, the pound weakened after official data on Tuesday showed that UK consumer price inflation pulled back from a five-year high in December.

The yen and the Swiss franc were also weaker, with USD/JPY up 0.19% at 110.74 and with USD/CHF adding 0.18% to 0.9647.

Elsewhere, the Australian and New Zealand dollars were lower, with AUD/USD down 0.28% at 0.7944 and with NZD/USD retreating 0.45% to 0.7266.

Earlier Tuesday, data showed that New Zealand's business confidence index fell to -12 in the fourth quarter from a reading og 5 in the three months to September.

Meanwhile, USD/CAD held steady at 1.2437.

Read More

Sterling Slips To Day’s Lows after UK Inflation Data

Investing.com - Sterling slid to the day’s lows against the dollar on Tuesday after data showing that UK inflation slowed in December for the first time in six months, meaning that Britain’s cost of living squeeze eased.

GBP/USD was at 1.3756 by 04:54 AM ET (09:54 AM GMT), pulling further away from Monday’s peaks of 1.3819, the strongest level since Britain’s vote to exit the European Union in June 2016.

The consumer price index slowed to an annual rate of 3.0% last month the Office for National Statistics reported, down from November’s six-year high of 3.1% and the first decline since June.

The reading was in line the economists’ forecasts.

Underlying inflation, which strips out food and energy costs, slowed more than expected to 2.5% from a year earlier.

The drop in inflation showed that the impact of the steep fall in the pound in the aftermath of the Brexit vote is now fading, but consumer prices are still rising faster than wages, which grew by 2.3% in the past year.

The Bank of England has said it expects inflation to have peaked late last year and expects it to slowly fall over the next three years to just above its 2.0% target.

The BoE is widely expected to keep interest rates unchanged at 0.5% at its February meeting as it awaits indications of a pick-up in wage growth.

Sterling was steady against the euro, with EUR/GBP at 0.8888.

Read More

UK Annual Inflation Eases Back From 5-year High in December

Investing.com - Consumer price inflation (CPI) in the UK pulled back from a five-year high in December, official data showed on Tuesday.

In a report, the UK Office for National Statistics (ONS) said the rate of consumer price inflation rose from the year before by a seasonally adjusted 3.0% last month, in line with expectations compared to November’s 3.1% increase which had been the highest inflation since March 2012.

Month-over-month, consumer price inflation rose 0.4% in December, also in line with forecasts and compared to the 0.3% gain registered in the previous month.

Core CPI, which excludes food, energy, alcohol, and tobacco costs rose at a seasonally adjusted rate of 2.5% last month, below forecasts for a 2.6% and the 2.7% advance registered in November.

The retail price index (RPI) increased by 4.1% on an annualized basis in December, compared to previous month’s 3.9% rise. Analysts had expected inflation to match November’s reading.

Month-on-month, RPI increased by 0.8% in December, higher than the 0.2% rise seen a month earlier and the forecast for a 0.6% gain.

Core RPI increased at an annualized rate of 4.2% in last month, higher than the 4.0% rise registered a month earlier.

Month-on-month, core RPI rose by 0.8% in December, compared to the 0.1% increase seen the previous month.

The data also showed that the house price index rose 5.1% in December, following a 5.4% increase a month earlier. November’s data was revised up from an initial 4.5% rise.

The ONS indicated that the downward effect came mainly from air fares, along with a fall in the prices of a range of recreational goods, particularly games and toys.

“The downward contributions were partially offset by an increase in tobacco prices, reflecting duty increases that came into effect following the Autumn Budget, along with an increase in petrol and diesel prices,” the ONS added.

Following the report, GBP/USD traded at 1.3773 from around 1.3784 ahead of the release of the data, EUR/GBP was at 0.8878 from 0.8872 earlier while GBP/JPY changed hands at 152.44, compared to 152.56 previously.

Meanwhile, European stock markets were trading mostly higher. London’s FTSE 100 rose 0.16%, the benchmark Euro Stoxx 50 advanced 0.24%, France's CAC 40 traded up 0.33%, while Germany's DAX gained 0.55%.

Read More

Philippines stocks higher at close of trade; PSEi Composite up 0.08%

Investing.com – Philippines stocks were higher after the close on Tuesday, as gains in the Mining&Oil, Industrials and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.08%.

The best performers of the session on the PSEi Composite were Jollibee Foods Corp (PS:JFC), which rose 5.23% or 13.80 points to trade at 277.60 at the close. Meanwhile, Semirara Mining Corp (PS:SCC) added 3.77% or 1.40 points to end at 38.50 and Megaworld Corp (PS:MEG) was up 2.46% or 0.120 points to 5.000 in late trade.

The worst performers of the session were Ayala Corp (PS:AC), which fell 3.04% or 33.00 points to trade at 1052.00 at the close. International Container Terminal Services Inc (PS:ICT) declined 2.50% or 2.800 points to end at 109.200 and JG Summit Holdings Inc (PS:JGS) was down 2.31% or 1.800 points to 76.200.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 108 to 102 and 60 ended unchanged.

Shares in Jollibee Foods Corp (PS:JFC) rose to all time highs; gaining 5.23% or 13.80 to 277.60.

Gold Futures for February delivery was up 0.31% or 4.10 to $1339.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.09% or 0.06 to hit $64.36 a barrel, while the March Brent oil contract fell 0.61% or 0.43 to trade at $69.83 a barrel.

CNY/PHP was up 0.25% to 7.8435, while USD/PHP rose 0.27% to 50.500.

The US Dollar Index Futures was up 0.23% at 90.34.

Read More

Oil Prices Edge Lower, But Hold Near 3-Year Highs

Investing.com - Crude prices edged lower in early dealings on Tuesday, but held near their highest level since late 2014, amid optimism over ongoing efforts by major producers to cut output to reduce a global glut

Brent crude futures, the benchmark for oil prices outside the U.S., were at $69.92 a barrel by 3:25AM ET (0825GMT), down 34 cents, or 0.5%, from their last close. The contract reached $70.37 on Monday, its best level since Dec. 2014.

Meanwhile, U.S. West Texas Intermediate (WTI) crude futures tacked on 15 cents, or 0.2%, to $64.44 a barrel. It rose to its highest since Dec. 2014 at $64.89 a day earlier. The U.S. benchmark did not settle on Monday due to the Martin Luther King Day holiday.

Oil prices notched a fourth week of gains in a row last week amid indications that OPEC-led output cuts are draining the market of excess supplies.

Futures have added around 13% since early December, benefiting from production cut efforts led by the Organization of the Petroleum Exporting Countries and Russia. The producers agreed in December to extend current oil output cuts until the end of 2018.

The deal to cut oil output by 1.8 million barrels a day (bpd) was adopted last winter by OPEC, Russia and nine other global producers. The agreement was due to end in March 2018, having already been extended once.

However, analysts and traders have warned that the recent rally could encourage U.S. shale oil producers to ramp up production as they look to take advantage of higher prices.

The number of oil drilling rigs climbed by 10 to 752 in the week to Jan. 5, data from General Electric (NYSE:GE)'s Baker Hughes energy services unit showed, the first increase to drilling numbers in five weeks.

In the week ahead, market participants will eye fresh weekly information on U.S. stockpiles of crude and refined products on Wednesday and Thursday to further weigh what the impact of recent storm activity was on supply and demand.

The reports come out one day later than usual due to the Martin Luther King Day holiday on Monday.

Oil traders will also focus on monthly reports from the Organization of Petroleum Exporting Counties and the International Energy Agency to assess global oil supply and demand levels.

The data will give traders a better picture of whether a global rebalancing is taking place in the oil market.

In other energy trading, gasoline futures shed 0.5% to $1.848 a gallon, while heating oil gained 0.5% at $2.094 a gallon.

Natural gas futures declined 7.7 cents, or 2.4%, to $3.123 per million British thermal units. It soared nearly 15% last week, after data showed the largest withdrawal on record in U.S. supplies in storage.

Read More

Gold Prices Stay Near 4-Month High Amid Dollar Weakness

Investing.com - Gold prices held near their highest level in around four months in early dealings on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Comex gold futures were at $1,339.40 a troy ounce by 3:00AM ET (0800GMT), up $4.60, or about 0.4%, from the last session's closing price. It hit the best level since Sept. 8 at $1,345.00 a day earlier.

The yellow metal did not settle on Monday due to the U.S. Martin Luther King Day holiday.

Meanwhile, silver futures rallied 12.9 cents, or about 0.8%, to $17.27 a troy ounce. It hit a three-month high of $17.42 on Monday.

The dollar index, which gauges the U.S. currency against a basket of six major rivals, wallowed at more than three-year lows. It was last at 90.35, after dropping as low as 90.05 on Monday, its deepest nadir since December 2014.

The greenback has been on the backfoot since last week on rising expectations that central banks in Japan and the euro zone could pare their monetary stimulus.

Looking ahead, the U.S. will release a survey on manufacturing conditions in the New York region at 8:30AM ET (1330GMT).

The majority of economists believe that the Federal Reserve will hike rates in March with a second move higher arriving in June, according to Investing.com’s Fed Rate Monitor Tool.

In other metals action, palladium prices tacked on 0.6% to $1,150.60 an ounce. It marked a record-high of $1,138 on Monday thanks to soaring demand for the auto industry.

Sister metal platinum meanwhile inched up 0.2% to $997.90 an ounce, after touching its strongest since Sept. 11 at $1,001.40 on Monday.

March copper rose 0.3% to $3.227 a pound.

Read More

Japan stocks higher at close of trade; Nikkei 225 up 0.99%

Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Marine Transport, Communication and Finance&Investment sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 0.99% to hit a new 5-year high.

The best performers of the session on the Nikkei 225 were Fanuc Corp. (T:6954), which rose 4.79% or 1530.0 points to trade at 33450.0 at the close. Meanwhile, Yaskawa Electric Corp. (T:6506) added 4.77% or 270.0 points to end at 5930.0 and Hokuetsu Kishu Paper Co., Ltd. (T:3865) was up 3.51% or 24.0 points to 707.0 in late trade.

The worst performers of the session were JFE Holdings, Inc. (T:5411), which fell 2.63% or 72.0 points to trade at 2664.5 at the close. Nisshin Steel Holdings Co., Ltd. (T:5413) declined 2.41% or 47.0 points to end at 1904.0 and Nikon Corp. (T:7731) was down 2.34% or 53.0 points to 2211.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1707 to 1645 and 225 ended unchanged.

Shares in Fanuc Corp. (T:6954) rose to all time highs; up 4.79% or 1530.0 to 33450.0. Shares in Yaskawa Electric Corp. (T:6506) rose to all time highs; gaining 4.77% or 270.0 to 5930.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00% to 14.91.

Crude oil for February delivery was up 0.26% or 0.17 to $64.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.44% or 0.31 to hit $69.95 a barrel, while the February Gold Futures contract rose 0.31% or 4.10 to trade at $1339.00 a troy ounce.

USD/JPY was up 0.22% to 110.77, while EUR/JPY rose 0.01% to 135.60.

The US Dollar Index Futures was up 0.26% at 90.36.

Read More

Aussie Little Changed, Kiwi Slips Lower in Late Trade

Investing.com - The Australian dollar was little changed against its U.S. counterpart on Tuesday, while the New Zealand dollar slipped lower after the release of downbeat local data and as sentiment on the greenback mildly recovered from recent losses.

AUD/USD was steady at 0.7964, just off the previous session's four-month high of 0.7978.

The greenback remained under broad selling pressure as the euro continued to strengthen after Thursday’s minutes of the European Central Bank’s December meeting said officials could consider a gradual shift in policy guidance from early 2018.

Market participants were looking ahead to manufacturing data from the New York area due later Tuesday, as well as more economic reports expected at the end of the week.

NZD/USD slipped 0.22% to trade at 0.7284, after hitting a four-month peak of 0.7315 hit on Monday.

Earlier Tuesday, data showed that New Zealand's business confidence index fell to -12 in the fourth quarter from a reading og 5 in the three months to September.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.17% at 90.28 by 02:10 a.m. ET (06:10 GMT), off Monday's three-year low of 90.05.

Read More

Peru stocks higher at close of trade; S&P Lima General up 0.05%

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

At the close in Lima, the S&P Lima General added 0.05% to hit a new 3-years high.

The best performers of the session on the S&P Lima General were Trevali Mining (LM:TV), which rose 3.91% or 0.050 points to trade at 1.330 at the close. Meanwhile, Compania Minera Milpo SAA Class I (LM:MILi) added 2.32% or 0.080 points to end at 3.530 and PPX Mining Corp (LM:PPX) was unchanged 0.00% or 0.00 points to 0.07 in late trade.

The worst performers of the session were Candente Copper (LM:DNT), which fell 2.63% or 0.0030 points to trade at 0.1110 at the close. Bco Continenta (LM:CON) declined 1.82% or 0.080 points to end at 4.310 and Relapasa (LM:REL) was down 1.39% or 0.005 points to 0.355.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 16 to 9 and 18 ended unchanged.

Shares in Trevali Mining (LM:TV) rose to 5-year highs; up 3.91% or 0.050 to 1.330.

Crude oil for February delivery was up 0.79% or 0.51 to $64.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.54% or 0.38 to hit $70.25 a barrel, while the February Gold Futures contract rose 0.42% or 5.60 to trade at $1340.50 a troy ounce.

USD/PEN was down 0.17% to 3.2105, while EUR/PEN rose 0.89% to 3.9382.

The US Dollar Index Futures was down 0.54% at 90.13.

Read More

Finland stocks lower at close of trade; OMX Helsinki 25 down 0.32%

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

At the close in Helsinki, the OMX Helsinki 25 lost 0.32%.

The best performers of the session on the OMX Helsinki 25 were Stora Enso Oyj R (HE:STERV), which rose 1.98% or 0.275 points to trade at 14.175 at the close. Meanwhile, Metsa Board Oyj B (HE:METSB) added 1.77% or 0.135 points to end at 7.750 and Orion Oyj B (HE:ORNBV) was up 1.65% or 0.51 points to 31.41 in late trade.

The worst performers of the session were Metso Oyj (HE:METSO), which fell 9.84% or 2.95 points to trade at 27.02 at the close. Outotec Oyj (HE:OTE1V) declined 4.46% or 0.330 points to end at 7.074 and Cargotec Oyj (HE:CGCBV) was down 2.15% or 1.09 points to 49.66.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 78 to 65 and 14 ended unchanged.

Shares in Stora Enso Oyj R (HE:STERV) rose to 5-year highs; up 1.98% or 0.275 to 14.175. Shares in Metsa Board Oyj B (HE:METSB) rose to 5-year highs; gaining 1.77% or 0.135 to 7.750.

Brent oil for March delivery was up 0.42% or 0.29 to $70.16 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.56% or 0.36 to hit $64.66 a barrel, while the February Gold Futures contract rose 0.46% or 6.20 to trade at $1341.10 a troy ounce.

EUR/USD was up 0.62% to 1.2273, while EUR/GBP fell 0.06% to 0.8886.

The US Dollar Index Futures was down 0.53% at 90.14.

Read More

France stocks lower at close of trade; CAC 40 down 0.13%

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

At the close in Paris, the CAC 40 declined 0.13%, while the SBF 120 index declined 0.11%.

The best performers of the session on the CAC 40 were Vivendi SA (PA:VIV), which rose 2.69% or 0.63 points to trade at 24.01 at the close. Meanwhile, Publicis Groupe SA (PA:PUBP) added 2.39% or 1.36 points to end at 58.20 and Bouygues SA (PA:BOUY) was up 1.21% or 0.54 points to 45.20 in late trade.

The worst performers of the session were Kering SA (PA:PRTP), which fell 1.33% or 5.40 points to trade at 401.50 at the close. Valeo SA (PA:VLOF) declined 1.13% or 0.74 points to end at 64.48 and STMicroelectronics (PA:STM) was down 0.95% or 0.190 points to 19.800.

The top performers on the SBF 120 were Soitec SA (PA:SOIT) which rose 4.57% to 69.850, Eramet (PA:ERMT) which was up 4.31% to settle at 120.90 and Elior Group (PA:ELIOR) which gained 3.92% to close at 18.80.

The worst performers were Air France KLM SA (PA:AIRF) which was down 4.24% to 12.765 in late trade, Tarkett (PA:TKTT) which lost 3.65% to settle at 32.24 and Lagardere S.C.A. (PA:LAGA) which was down 2.46% to 25.74 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 316 to 294 and 85 ended unchanged.

Shares in Bouygues SA (PA:BOUY) rose to 5-year highs; up 1.21% or 0.54 to 45.20. Shares in Eramet (PA:ERMT) rose to 5-year highs; gaining 4.31% or 5.00 to 120.90. Shares in Tarkett (PA:TKTT) fell to 52-week lows; falling 3.65% or 1.22 to 32.24.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 4.71% to 10.05.

Gold Futures for February delivery was up 0.46% or 6.10 to $1341.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.58% or 0.37 to hit $64.67 a barrel, while the March Brent oil contract rose 0.43% or 0.30 to trade at $70.17 a barrel.

EUR/USD was up 0.62% to 1.2273, while EUR/GBP fell 0.06% to 0.8886.

The US Dollar Index Futures was down 0.53% at 90.14.

Read More

Spain stocks higher at close of trade; IBEX 35 up 0.05%

Investing.com – Spain stocks were higher after the close on Monday, as gains in the Chemical, Petroleum&Plastic, Telecoms&IT and Building&Construction sectors led shares higher.

At the close in Madrid, the IBEX 35 rose 0.05% to hit a new 1-month high.

The best performers of the session on the IBEX 35 were Acciona (MC:ANA), which rose 3.36% or 2.380 points to trade at 73.200 at the close. Meanwhile, Siemens Gamesa Renewable Energy SA (MC:GAM) added 2.57% or 0.320 points to end at 12.755 and Endesa (MC:ELE) was up 1.43% or 0.260 points to 18.475 in late trade.

The worst performers of the session were International Consolidated Airlines Group SA (MC:ICAG), which fell 2.57% or 0.194 points to trade at 7.358 at the close. Distribuidora Intl de Aliment (MC:DIDA) declined 1.79% or 0.081 points to end at 4.454 and Grifols SA (MC:GRLS) was down 1.10% or 0.290 points to 26.180.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 104 to 81 and 16 ended unchanged.

Gold Futures for February delivery was up 0.46% or 6.20 to $1341.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.56% or 0.36 to hit $64.66 a barrel, while the March Brent oil contract rose 0.42% or 0.29 to trade at $70.16 a barrel.

EUR/USD was up 0.63% to 1.2274, while EUR/GBP fell 0.04% to 0.8887.

The US Dollar Index Futures was down 0.53% at 90.14.

Read More

Belgium stocks higher at close of trade; BEL 20 up 0.01%

Investing.com – Belgium stocks were higher after the close on Monday, as gains in the Consumer Goods, Technology and Telecoms sectors led shares higher.

At the close in Brussels, the BEL 20 added 0.01% to hit a new 5-year high.

The best performers of the session on the BEL 20 were Galapagos NV (AS:GLPG), which rose 3.71% or 3.300 points to trade at 92.260 at the close. Meanwhile, Anheuser Busch Inbev SA NV (BR:ABI) added 0.62% or 0.59 points to end at 95.34 and Ackermans V.Haaren (BR:ACKB) was up 0.40% or 0.60 points to 149.80 in late trade.

The worst performers of the session were NV Bekaert SA (BR:BEKB), which fell 1.11% or 0.42 points to trade at 37.48 at the close. Cofinimmo-Sicafi (BR:COFB) declined 1.11% or 1.20 points to end at 106.80 and Ontex Group (BR:ONTEX) was down 0.88% or 0.24 points to 26.92.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 67 to 49 and 15 ended unchanged.

Shares in Galapagos NV (AS:GLPG) rose to all time highs; rising 3.71% or 3.300 to 92.260.

Gold Futures for February delivery was up 0.46% or 6.10 to $1341.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.44% or 0.28 to hit $64.58 a barrel, while the March Brent oil contract rose 0.21% or 0.15 to trade at $70.02 a barrel.

EUR/USD was up 0.61% to 1.2272, while EUR/GBP fell 0.03% to 0.8888.

The US Dollar Index Futures was down 0.51% at 90.16.

Read More

Forex- Dollar Continues to Fall Amid Thin Trading

Investing.com - The dollar continued to fall against a currency basket on Monday amid speculation that the European Central Bank is preparing to scale back its massive stimulus program, as trading remained thin on a U.S. holiday.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.51% to 90.16 by 12:20 PM ET (17:20 GMT), a level not seen since December 2014.

Trade volumes are expected to remain light on Monday as U.S. markets are closed for the Martin Luther King Day holiday.

The euro hit fresh three-year highs against the dollar, building on last week’s strong surge, with EUR/USD rising 0.61% to 1.2271.

The euro was bolstered by investor speculation that ECB policy makers are preparing to wind down their bond buying stimulus program.

A faster rate of monetary tightening outside the U.S. would lessen the divergence between the Federal Reserve and other central banks, weighing on the dollar.

Against the yen, the dollar fell to its lowest levels since mid-September, with USD/JPY falling 0.48% to 110.53.

The yen was boosted by comments from Bank of Japan Governor Haruhiko Kuroda on Monday highlighting the country’s economic recovery.

Sterling also pushed higher against the dollar, with GBP/USD rising 0.59% to 1.3807, the most since Britain’s vote to exit the European Union in June 2016.

The pound rallied on Friday following a report that the Netherlands and Spain are open to a deal for Britain to remain as close as possible to the EU after Brexit.

The pound shrugged off a subsequent denial of the report from officials from the Spanish and Dutch finance ministries.

Read More

Germany stocks lower at close of trade; DAX down 0.34%

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

At the close in Frankfurt, the DAX declined 0.34%, while the MDAX index declined 0.48%, and the TecDAX index lost 0.40%.

The best performers of the session on the DAX were Prosiebensat 1 Media AG (DE:PSMGn), which rose 1.93% or 0.570 points to trade at 30.050 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.71% or 0.125 points to end at 17.850 and Henkel&Co KGaA AG Pref (DE:HNKG_p) was up 0.53% or 0.60 points to 113.70 in late trade.

The worst performers of the session were Deutsche Lufthansa AG (DE:LHAG), which fell 4.17% or 1.270 points to trade at 29.150 at the close. Vonovia SE (DE:VNAn) declined 1.28% or 0.52 points to end at 40.21 and Heidelbergcement AG O.N. (DE:HEIG) was down 1.24% or 1.180 points to 93.620.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 2.27% to 72.960, Schaeffler AG Pref (DE:SHA_p) which was up 1.63% to settle at 15.55 and Covestro AG (DE:1COV) which gained 1.37% to close at 92.000.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 4.17% to 0.39 in late trade, Suedzucker AG (DE:SZUG) which lost 3.25% to settle at 15.930 and Metro AG (DE:MEOG) which was down 1.80% to 13.080 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 8.37% to 11.390, GFT Technologies AG (DE:GFTG) which was up 2.50% to settle at 13.530 and Medigene NA O.N. (DE:MDG1k) which gained 1.63% to close at 13.110.

The worst performers were Slm Solution G (DE:AM3D) which was down 2.85% to 46.05 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 2.73% to settle at 78.500 and S&T AG (F:SANT1) which was down 2.42% to 20.200 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 399 to 316 and 104 ended unchanged.

Shares in Suedzucker AG (DE:SZUG) fell to 52-week lows; down 3.25% or 0.535 to 15.930. Shares in Covestro AG (DE:1COV) rose to all time highs; rising 1.37% or 1.240 to 92.000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.45% to 12.05.

Gold Futures for February delivery was up 0.43% or 5.80 to $1340.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.56% or 0.36 to hit $64.66 a barrel, while the March Brent oil contract rose 0.31% or 0.22 to trade at $70.09 a barrel.

EUR/USD was up 0.61% to 1.2271, while EUR/GBP fell 0.02% to 0.8889.

The US Dollar Index Futures was down 0.50% at 90.17.

Read More

Russia stocks lower at close of trade; MOEX Russia down 0.04%

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

At the close in Moscow, the MOEX Russia declined 0.04%.

The best performers of the session on the MOEX Russia were NK RussNeft PAO (MCX:RNFT), which rose 3.00% or 17.5 points to trade at 600.1 at the close. Meanwhile, Akron (MCX:AKRN) added 2.75% or 110.0 points to end at 4109.0 and NOVATEK (MCX:NVTK) was up 1.65% or 11.20 points to 690.40 in late trade.

The worst performers of the session were Detskiy Mir PAO (MCX:DSKY), which fell 1.85% or 1.85 points to trade at 98.00 at the close. Magnit (MCX:MGNT) declined 1.81% or 121.0 points to end at 6579.0 and NK Rosneft PAO (MCX:ROSN) was down 1.36% or 4.40 points to 319.95.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 129 to 93 and 18 ended unchanged.

Shares in Akron (MCX:AKRN) rose to all time highs; gaining 2.75% or 110.0 to 4109.0.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 7.02% to 19.050 a new 1-month high.

Gold Futures for February delivery was up 0.46% or 6.20 to $1341.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.53% or 0.34 to hit $64.64 a barrel, while the March Brent oil contract rose 0.36% or 0.25 to trade at $70.12 a barrel.

USD/RUB was down 0.42% to 56.4066, while EUR/RUB rose 0.33% to 69.2050.

The US Dollar Index Futures was down 0.50% at 90.17.

Read More

Norway stocks higher at close of trade; Oslo OBX up 0.06%

Investing.com – Norway stocks were higher after the close on Monday, as gains in the Diversified Financials, Telecoms and Transport sectors led shares higher.

At the close in Oslo, the Oslo OBX added 0.06%.

The best performers of the session on the Oslo OBX were Questerre Energy Corporation (OL:QEC), which rose 4.94% or 0.32 points to trade at 6.69 at the close. Meanwhile, Aker BP ASA (OL:AKERBP) added 3.37% or 7.20 points to end at 221.00 and DNO International ASA (OL:DNO) was up 1.58% or 0.17 points to 10.95 in late trade.

The worst performers of the session were Norwegian Finans Holding ASA (OL:NOFI), which fell 4.98% or 4.75 points to trade at 90.70 at the close. Grieg Seafood (OL:GSFO) declined 2.60% or 1.85 points to end at 69.35 and Norwegian Air Shuttle ASA (OL:NWC) was down 2.53% or 5.7 points to 219.3.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 96 to 89 and 22 ended unchanged.

Shares in Aker BP ASA (OL:AKERBP) rose to all time highs; up 3.37% or 7.20 to 221.00.

Crude oil for February delivery was up 0.53% or 0.34 to $64.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.39% or 0.27 to hit $70.14 a barrel, while the February Gold Futures contract rose 0.46% or 6.20 to trade at $1341.10 a troy ounce.

EUR/NOK was up 0.05% to 9.6693, while USD/NOK fell 0.47% to 7.8809.

The US Dollar Index Futures was down 0.50% at 90.17.

Read More

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.45%

Investing.com – Italy stocks were higher after the close on Monday, as gains in the Oil&Gas, Utilities and Travel&Leisure sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 gained 0.45% to hit a new 52-week high.

The best performers of the session on the Investing.com Italy 40 were Azimut Holding (MI:AZMT), which rose 12.76% or 2.13 points to trade at 18.82 at the close. Meanwhile, Saipem SpA (MI:SPMI) added 2.42% or 0.0980 points to end at 4.1520 and Fiat Chrysler Automobiles NV (MI:FCHA) was up 2.14% or 0.410 points to 19.540 in late trade.

The worst performers of the session were Recordati (MI:RECI), which fell 1.24% or 0.48 points to trade at 38.12 at the close. Buzzi Unicem (MI:BZU) declined 1.16% or 0.28 points to end at 23.82 and CNH Industrial NV (MI:CNHI) was down 1.14% or 0.140 points to 12.170.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 199 to 159 and 28 ended unchanged.

Shares in Fiat Chrysler Automobiles NV (MI:FCHA) rose to all time highs; up 2.14% or 0.410 to 19.540.

Crude oil for February delivery was up 0.39% or 0.25 to $64.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.19% or 0.13 to hit $70.00 a barrel, while the February Gold Futures contract rose 0.46% or 6.10 to trade at $1341.00 a troy ounce.

EUR/USD was up 0.57% to 1.2266, while EUR/GBP fell 0.08% to 0.8884.

The US Dollar Index Futures was down 0.46% at 90.20.

Read More

Trade On The Go

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

Why Trade Online?

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

Start Now