MARKET REVIEW

PBOC Sets Yuan Parity At 6.4335 Against Dollar, Strongest Since Dec 2015

Investing.com - The People's Bank of China set the yuan mid-point at 6.4335 against the dollar on Wednesday, the strongest since Dec. 10, 2015, and compared to the previous close of 6.4369.

Market participants said the official fix was in line with their forecasts, reflecting the dollar's movements in global trade.

Yen Holds Gains After Surprise Jump In Core Machinery Orders

Investing.com - The yen held gains against the dollar in Asia on Wednesday as core machinery orders unexpectedly rose and the euro gained after comments from a key European central banker on the hawkish side.

USD/JPY changed hands at 110.39, down 0.06%, while EUR/USD traded at 1.2271, up 0.08%. AUD/USD traded at 0.7971, up 0.13%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.11% to 90.23.

In Asia, Japan reported a surprise jump in core machinery orders for November with a 5.7% leap, compared to a 1.4% drop expected on month and 4.1% pace annually, compared to a 0.7% decline seen on year. Australia reports home loans data for November with a 0.1% increase seen on month.

It would be "appropriate" for the European Central Bank to stop its bond purchases, due to run at least until September, this year, Bundesbank's head Jens Weidmann told the Frankfurter Allgemeine Zeitung in an interview to be published on Wednesday.

Overnight, the dollar rose against a basket of major currencies supported by euro weakness amid a report suggesting that the European Central Bank was unlikely announce plans to unwind its bond buying programme.

Reuters reported Tuesday, citing sources close to the ECB, that the central bank was unlikely to alter its policy message at next week’s meeting, as inflation remains well below the 2% target.

The central bank’s inflationary concerns come ahead of Wednesday’s final reading on December inflation expected to confirm consumer prices grew 1.4%.

Sterling, meanwhile, pared some of its losses against the greenback despite data showing annual inflation rose slower than estimated in December. While investors also mulled over Prime Minister Theresa May’s comments insisting that the UK would definitely be leaving the European Union on 29th March 2019.

The North American Free Trade Agreement (NAFTA) uncertainty has dominated Canadian dollar direction over the past week, Action Economics said, adding that it doesn’t expect the uncertainty, however, to weigh on the Bank of Canada’s interest rate decision.

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.21%

Investing.com – Mexico stocks were higher after the close on Tuesday, as gains in the Consumer Staples, Consumer Goods&Services and Industrials sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC rose 0.21%.

The best performers of the session on the S&P/BMV IPC were VOLARIS A (MX:VOLARA), which rose 5.87% or 0.91 points to trade at 16.42 at the close. Meanwhile, Alfa, S.A.B. De C.V. (MX:ALFAA) added 3.21% or 0.720 points to end at 23.170 and Kimberly - Clark De Mexico A (MX:KIMBERA) was up 3.20% or 1.100 points to 35.480 in late trade.

The worst performers of the session were Grupo Financiero Banorte (MX:GFNORTEO), which fell 2.42% or 2.690 points to trade at 108.260 at the close. Becle SA (MX:CUERVO) declined 1.33% or 0.430 points to end at 31.960 and Grupo Mexico, S.A.B. De C.V. (MX:GMEXICOB) was down 1.13% or 0.750 points to 65.530.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 195 to 129 and 19 ended unchanged.

Gold Futures for February delivery was up 0.29% or 3.90 to $1338.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.64% or 0.41 to hit $63.89 a barrel, while the March Brent oil contract fell 0.01% or 0.01 to trade at $69.28 a barrel.

USD/MXN was up 0.01% to 18.7754, while EUR/MXN unchanged 0.00% to 23.0196.

The US Dollar Index Futures was up 0.11% at 90.23.

Peru stocks higher at close of trade; S&P Lima General up 0.24%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Food&Beverages, S&P Lima Juniors and Banking&Financials sectors led shares higher.

At the close in Lima, the S&P Lima General added 0.24% to hit a new 3-years high.

The best performers of the session on the S&P Lima General were Alicorp (LM:ALI), which rose 3.98% or 0.450 points to trade at 11.750 at the close. Meanwhile, Panoro (LM:PML) added 2.48% or 0.008 points to end at 0.331 and Bco Continenta (LM:CON) was up 1.62% or 0.070 points to 4.380 in late trade.

The worst performers of the session were Trevali Mining (LM:TV), which fell 4.51% or 0.060 points to trade at 1.270 at the close. Atacocha (LM:ATB) declined 4.11% or 0.030 points to end at 0.700 and Aceros Arequip (LM:AREi) was down 2.70% or 0.020 points to 0.720.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 14 to 12 and 13 ended unchanged.

Shares in Alicorp (LM:ALI) rose to all time highs; rising 3.98% or 0.450 to 11.750.

Crude oil for February delivery was down 0.67% or 0.43 to $63.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.34% or 0.94 to hit $69.32 a barrel, while the February Gold Futures contract rose 0.29% or 3.90 to trade at $1338.80 a troy ounce.

USD/PEN was down 0.05% to 3.2090, while EUR/PEN fell 0.20% to 3.9304.

The US Dollar Index Futures was up 0.09% at 90.21.

Canada stocks lower at close of trade; S&P/TSX Composite down 0.41%

Investing.com – Canada stocks were lower after the close on Tuesday, as losses in the Energy, Healthcare and Materials sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.41%.

The best performers of the session on the S&P/TSX Composite were SSR Mining Inc (TO:SSRM), which rose 12.33% or 1.26 points to trade at 11.48 at the close. Meanwhile, Constellation Software Inc . (TO:CSU) added 6.90% or 50.87 points to end at 787.87 and Pretium Resources Inc. (TO:PVG) was up 4.63% or 0.64 points to 14.46 in late trade.

The worst performers of the session were Tahoe Resources Inc (TO:THO), which fell 7.22% or 0.45 points to trade at 5.78 at the close. NexGen Energy Ltd. (TO:NXE) declined 6.82% or 0.210 points to end at 2.870 and Peyto Exploration&Development Corp (TO:PEY) was down 6.58% or 0.91 points to 12.92.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 739 to 417 and 130 ended unchanged.

Shares in Constellation Software Inc. (TO:CSU) rose to all time highs; rising 6.90% or 50.87 to 787.87. Shares in Peyto Exploration&Development Corp (TO:PEY) fell to 5-year lows; losing 6.58% or 0.91 to 12.92.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 0.90% to 12.28 a new 1-month high.

Gold Futures for February delivery was up 0.28% or 3.80 to $1338.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.67% or 0.43 to hit $63.87 a barrel, while the March Brent oil contract fell 1.35% or 0.95 to trade at $69.31 a barrel.

CAD/USD was up 0.02% to 0.8047, while CAD/EUR rose 0.05% to 0.6563.

The US Dollar Index Futures was up 0.09% at 90.21.

Dow Jones Reverses Nearly 300 Point Gain to Close Lower as Shutdown Fears Grow

Investing.com – Wall Street closed lower reversing triple-digit gains as fears over a government shutdown offset investor optimism for a solid quarter of corporate earnings.

The Dow Jones Industrial Average closed lower at 25,792. The S&P 500 closed 0.35% lower, while the Nasdaq Composite closed at 7,223.69, down 0.51%. The Dow jones gained as much as 283 points, rising above 26,000 for the first ever before closing lower.

The prospect of a government shutdown unnerved investors after talks between Republicans and Democrats over passing a spending bill to avoid a government shutdown stalled as an immigration bill, which Democrats want to pass remains a sticking point. A spending bill would need to be passed by end of Friday to avoid a government shutdown.

That overshadowed underlying investor optimism for a solid quarter of earnings after Citigroup (NYSE:C) reported earnings that beat estimates while revenue was in-line with Wall Street consensus. Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) are slated to report earnings Wednesday.

Also weighing on the broader market was a more than 1% slump in energy as crude oil settled sharply lower amid profit taking, and investor expectations that domestic production is set to surge.

In corporate news, Qualcomm Incorporated (NASDAQ:QCOM) closed more than 4% higher after the chipmaker said that for 2019, it is targeting non-GAAP earnings of $6.75 to $7.50 per share, well above the $4.02 average estimate from analysts consensus.

'Bulls and Bears' on Wall Street

The top Dow gainers for the session: Merck & Company Inc (NYSE:MRK) up 5.8%, UnitedHealth Group Incorporated (NYSE:UNH) up 4.9% and Coca-Cola Company (NYSE:KO) up 0.8%

General Electric Company (NYSE:GE) down 2.9%, Nike Inc (NYSE:NKE) down 1.9%, and United Technologies Corporation (NYSE:UTX) down 1.9%, were among the worst Dow performers of the session.

Regulatory Crackdown Triggers Fear, Uncertainty and Doubt as Ripple Slumps 30%

Investing.com – The price of Ripple’s XRP fell sharply on Tuesday as traders fled cryptocurrencies after the threat of regulatory action grew on reports China, and South Korea were preparing to step up efforts to curb cryptocurrency activity.

South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had told a local radio station that the government is preparing a set of measures to curb cryptocurrency related activity, which may include banning cryptocurrency exchanges. It was reported, however, that plans for increased regulatory measures are yet to finalized.

That added to regulatory fears as China was also said to be considering a ban of centralised trading of virtual currencies.

Ripple (XRP) fell 30% to $1.26 after reaching an all-time high of $3.28 last Thursday, as the threat of regulatory action overshadowed recent positive developments including a partnership announcement with Moneygram last week.

Ethereum, the second largest cryptocurrency by market cap, fell 18.44% to $1,058.90 well below its recent all-time high of $1,423.2 set on Jan.13.

An exodus of South Korea crypto-investors is widely viewed as a major headwind for the Ethereum as more 10% of the cryptocurrency is said to be traded against the South Korean won.

Bitcoin continued its recent decline falling 17.29% to $11,440. The digital currency has fallen nearly 50% from its December peak of $19,891.

Bitcoin skeptics have been quick to comment on bitcoin’s demise as former Wells Fargo Chairman and CEO Dick Kovacevich said the popular digital currency was a “pyramid scheme,” adding that he was “surprised it isn't even lower."

Crude Oil Prices Settle Lower Amid Profit Taking

Investing.com – Crude oil prices eased from three-year highs on profit taking but remained well supported amid expectations OPEC-led output curbs would further tighten global supplies offsetting rising US production.

On the New York Mercantile Exchange WTI crude futures for January delivery fell 57 cents to settle at $63.73 a barrel, while on London's Intercontinental Exchange, Brent fell 76 cents to trade at $69.50 a barrel.

It what was a thin trading day, following the Martin Luther King holiday Monday, oil prices fell as traders took profit on the recent rally which saw both Brent crude and WTI crude prices hit three-year highs supported by rising global demand growth and OPEC’s ongoing commitment to the output-cut pact.

“We see that the market is becoming balanced. We see that the market surplus is decreasing, but the market is not completely balanced yet,” he told reporters. “Of course, we need to continue monitoring the situation,” said Russian Energy Minister Alexander Novak.

Rising US oil production, however, remains a concern for investors as data last week showed the number of U.S. oil rigs drilling for oil, an early indicator of future production, rose by 10 to 752, its highest level in more than four months.

Production has yet to rise above 10 million barrels per day (bpd) as data on Friday showed US oil production dropped by the most since October as the “bomb cyclone” winter storm disrupted output.

That said, however, sentiment on oil prices at current levels remains positive as Morgan Stanley raised its Brent forecast for the third quarter of 2018 to $75 per barrel, up from $63 per barrel.

“With many equity markets at all-time highs, interest rates still low, and oil prices lagging their usual correlation with inflation this is should keep oil futures well underpinned,” said Morgan Stanley in a note to clients.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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%.

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.

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.

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.

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.

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.

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.

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.