MARKET REVIEW

Advance Auto Parts Earnings, Revenue beat in Q4

Investing.com - Advance Auto Parts reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $1.84 on revenue of $2.27B. Analysts polled by Investing.com forecast EPS of $1.13 on revenue of $2,103M. That compared to EPS of $0.77 on revenue of $2.04B in the same period a year earlier. The company had reported EPS of $1.89 on revenue of $2.27B in the previous quarter.

For the year, Advance Auto Parts shares are up 79.77%, outperforming the S&P 500 which is up 1.96% year to date.

Advance Auto Parts follows other major Services sector earnings this month


On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.

Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $86.66B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Stocks - Dow Fails to Avert Weekly Loss Despite Triple-Digit Rally

Investing.com - The Dow closed lower for the week, despite a rally Friday that came even as the White House reportedly walked backed President Donald Trump's upbeat comments on trade.

The Dow Jones Industrial Average rose 0.49%. The S&P 500 rose 0.22%, while the Nasdaq Composite fell 0.15%.

Wall Street went into rally mode Friday after Trump said he was hopeful the U.S. and China will reach a consensus on trade deal. The White House, however, peddled a more sombre narrative on trade in the wake of Trump's comments, telling CNBC that a deal was not coming soon.

Still, the broader averages held their gains, but that did little to avert a weekly loss following a rout in tech.

Facebook (NASDAQ:FB) fell 3% amid the fallout from a New York Times article detailing how the company conspired to cover up warnings that Russia had used the social media platform to disrupt the U.S. election in 2016.

Weakness in tech was exacerbated by a slump in semiconductor stocks as Nvidia's (NASDAQ:NVDA) soft earnings and light guidance, owing to excess inventories (an industry-wide problem for many chipmakers), triggered fire-selling across the industry.

Rival chipmaker Advanced Micro Devices (NASDAQ:AMD) fell 4%, while Applied Materials (NASDAQ:AMAT) was rewarded for its quarterly results, which came in line with consensus. Its share rose 1%.

The Philadelphia Semiconductor Index fell 1%.

Energy added steel to the rally on Friday as oil prices settled flat, but slumped 6% for the week on concerns about a global glut in supplies.

Retailers kept the broader market in check, however, following a rout in both Nordstrom and Williams-Sonoma.

Nordstrom (NYSE:JWN) fell 14% after its earnings, including a one-time item, fell short of estimates. The retailer grew comps 2.3% in the third quarter, below estimates for a 2.4% increase.

Williams-Sonoma (NYSE:WSM) was punished for delivering mixed third-quarter results as earnings beat, but revenue missed consensus estimates, sending its shares tumbling 11%.

The pair of quarterly results followed strong quarterly earnings from other retailers this week, including Walmart (NYSE:WMT) and Macy’s (NYSE:M), but that did little stop the SPDR S&P Retail ETF (NYSE:XRT) falling 4.5% for the week.

Sentiment on stocks were also lifted by easing concerns about steeper U.S. rate increases after Federal Reserve Vice Chairman Richard Clarida indicated that the U.S. central bank may stop at the neutral rate, rather than continue hiking beyond the neutral rate, which might be interpreted as an effective "rate cut," JPMorgan said in a note to clients.

Top S&P 500 Gainers and Losers Today:

Pacific Gas & Electric (NYSE:PCG), Edison International (NYSE:EIX) and NetApp (NASDAQ:NTAP) were among the top S&P 500 gainers for the session.

Nvidia (NASDAQ:NVDA), Nordstrom (NYSE:JWN) and Activision Blizzard (NASDAQ:ATVI) were among the worst S&P 500 performers of the session.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.49%

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Telecoms, Utilities and Oil&Gas sectors led shares higher while losses in the Consumer Services, Technology and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 0.49%, while the S&P 500 index climbed 0.22%, and the NASDAQ Composite index declined 0.15%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 2.53% or 3.18 points to trade at 128.77 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 2.33% or 6.17 points to end at 271.11 and McDonald’s Corporation (NYSE:MCD) was up 2.20% or 4.03 points to 187.59 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 1.86% or 1.85 points to trade at 97.69 at the close. Boeing Co (NYSE:BA) declined 1.65% or 5.62 points to end at 335.95 and Visa Inc (NYSE:V) was down 1.17% or 1.66 points to 140.18.

The top performers on the S&P 500 were Pacific Gas&Electric Co (NYSE:PCG) which rose 37.54% to 24.40, Edison International (NYSE:EIX) which was up 15.38% to settle at 54.45 and NetApp Inc (NASDAQ:NTAP) which gained 4.38% to close at 71.89.

The worst performers were NVIDIA Corporation (NASDAQ:NVDA) which was down 18.76% to 164.43 in late trade, Nordstrom Inc (NYSE:JWN) which lost 13.66% to settle at 50.93 and Activision Blizzard Inc (NASDAQ:ATVI) which was down 4.89% to 50.94 at the close.

The top performers on the NASDAQ Composite were TESARO Inc (NASDAQ:TSRO) which rose 31.48% to 34.96, EMC Insurance Group Inc (NASDAQ:EMCI) which was up 30.26% to settle at 31.25 and The Dixie Group Inc (NASDAQ:DXYN) which gained 15.98% to close at 0.980.

The worst performers were Rewalk Robotics Ltd (NASDAQ:RWLK) which was down 45.45% to 0.24 in late trade, Limbach Holdings Inc (NASDAQ:LMB) which lost 27.46% to settle at 6.05 and Euroseas Ltd (NASDAQ:ESEA) which was down 25.45% to 1.230 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1606 to 1455 and 96 ended unchanged; on the Nasdaq Stock Exchange, 1386 fell and 1231 advanced, while 106 ended unchanged.

Shares in NVIDIA Corporation (NASDAQ:NVDA) fell to 52-week lows; losing 18.76% or 37.96 to 164.43. Shares in Activision Blizzard Inc (NASDAQ:ATVI) fell to 52-week lows; down 4.89% or 2.62 to 50.94. Shares in McDonald’s Corporation (NYSE:MCD) rose to all time highs; gaining 2.20% or 4.03 to 187.59. Shares in Rewalk Robotics Ltd (NASDAQ:RWLK) fell to all time lows; losing 45.45% or 0.20 to 0.24. Shares in EMC Insurance Group Inc (NASDAQ:EMCI) rose to all time highs; rising 30.26% or 7.26 to 31.25. Shares in Limbach Holdings Inc (NASDAQ:LMB) fell to all time lows; falling 27.46% or 2.29 to 6.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 9.21% to 18.14.

Gold Futures for December delivery was up 1.88% or 22.60 to $1221.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.60% or 0.34 to hit $56.80 a barrel, while the January Brent oil contract rose 0.51% or 0.34 to trade at $66.96 a barrel.

EUR/USD was up 0.76% to 1.1414, while USD/JPY fell 0.70% to 112.86.

The US Dollar Index Futures was down 0.49% at 96.32.

Gold Posts Best Weekly Gain in Five on Brexit

Investing.com - Theresa May could be fighting for her political survival, but the Brexit crisis she's in has thrown gold bulls a lifeline.

Initially resigned to losing the market's $1,200 support level as the week began, fans of the yellow metal not only got to stay in their comfort zone but also saw their best weekly gain in five as hedgers rushed to the relative safely of bullion after the pounding taken by sterling from Britan's EU-exit woes.

COMEX gold futures for December delivery settled up $8, or 0.7%, at $1,223 per troy ounce after running up to $1,225.90 earlier. For the week, it rose 1.4%, its best gain since the week ended Oct. 5.

Bullion bears have hoped to send gold sharply below $1,200, a support in place since September, to exploit further weakness in the $1,100 levels.

"Gold continues steady rally from Brexit worries," said George Gero, precious metals analyst at RBC Wealth Management in New York.

After her unpopular Brexit draft unveiled earlier in the week, UK Prime Minister May was battling to halt a growing revolt from the Tory right as half a dozen more backbenchers came out in favor of a no-confidence vote against her, with signs more MPs would join next week.

The U.K. political drama aside, gold was also propped up by flagging hopes for a US-China trade settlement after a senior Trump administration official was quoted telling Reuters that Beijing's written response to U.S. demands, received earlier this week, was unlikely to result in a deal.

The dollar, a contrarian trade to gold, also contributed to the yellow metal's advance, sliding 0.5%.

Among other precious metals on COMEX, silver rose 3.1% to $14.38 per ounce.

Palladium surged 1.9 % to $1,158.90 per ounce, while sister metal platinum rose 0.3% to $847.70.

In base metals, COMEX copper rose 1.7% to $2.80 per pound.

MarketPulse: Retailers Up for Sale as Nordstrom, Williams-Sonoma Plunge

Investing.com - Retailers were nursing losses heading into the close, led by plunge in Nordstrom and Williams-Sonoma on concerns about soft quarterly earnings and guidance.

Nordstrom (NYSE:JWN) fell 14% after its quarterly results fell short on earnings, revenue and comps. The retailer grew comps 2.3% in the third quarter, below estimates for a 2.4% increase.

The retailer blamed the earnings miss on a non-recurring credit-card-related charge after disclosing that some cardholders with delinquent accounts were erroneously charged higher interest. Excluding that charge, Nordstrom actually beat profit expectations.

But there is little mercy for retail stocks lately, even those like Macy’s (NYSE:M) and Walmart (NYSE:WMT) that had strong results and guidance.

Williams-Sonoma Inc (NYSE:WSM) was punished for revealing a slowdown in comps and compressed margins in the third quarter, sending its shares down more than 11%.

The company recorded third-quarter earnings of $0.95 a share, $0.01 above analysts' estimate of $0.94. Revenue for the quarter came in at $1.36 billion, just below the consensus estimate of $1.37 billion.

RBC singled out slowing comps and compressed margins as headwinds for the company in the quarter, partly driven by delayed product receipts from Chinese port congestion.

Walmart added to losses from a day earlier, when its upbeat quarterly results were overshadowed by concerns over whether the retailer can sustain the pace of growth seen in quarter. Its shares fell 2%.

Brazil stocks higher at close of trade; Bovespa up 2.94%

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

At the close in Sao Paulo, the Bovespa added 2.94%.

The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET3), which rose 8.65% or 1.99 points to trade at 25.00 at the close. Meanwhile, Braskem SA (SA:BRKM5) added 7.46% or 3.71 points to end at 53.41 and Gerdau SA Pref (SA:GGBR4) was up 7.26% or 1.10 points to 16.25 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 1.58% or 0.18 points to trade at 11.22 at the close. Suzano Papel e Celulose SA (SA:SUZB3) declined 1.40% or 0.55 points to end at 38.60 and Cielo SA (SA:CIEL3) was down 0.81% or 0.08 points to 9.75.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 295 to 111 and 35 ended unchanged.

Shares in Centrais Eletricas Brasileiras SA (SA:ELET3) rose to 52-week highs; up 8.65% or 1.99 to 25.00. Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; down 0.81% or 0.08 to 9.75.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 5.20% to 36.44 a new 3-months low.

Gold Futures for December delivery was up 1.94% or 23.30 to $1222.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.55% or 0.31 to hit $56.77 a barrel, while the December US coffee C contract rose 2.48% or 2.73 to trade at $112.78 .

USD/BRL was down 1.06% to 3.7439, while EUR/BRL fell 0.36% to 4.2722.

The US Dollar Index Futures was down 0.49% at 96.32.

Colombia stocks higher at close of trade; COLCAP up 0.33%

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

At the close in Colombia, the COLCAP added 0.33%.

The best performers of the session on the COLCAP were Pfgrupsura (CN:SIS_p), which rose 3.10% or 940.0 points to trade at 31220.0 at the close. Meanwhile, Canacol Energy Ltd (CN:CNE) added 2.56% or 250.0 points to end at 10000.0 and Grupo Nutresa SA (CN:NCH) was up 1.98% or 460.0 points to 23660.0 in late trade.

The worst performers of the session were Corporacion Financiera Colombiana SA (CN:CFV), which fell 2.67% or 560.0 points to trade at 20400.0 at the close. Banco Davivienda Pf (CN:DVI_p) declined 1.82% or 620.0 points to end at 33500.0 and Celsia SA (CN:CEL) was down 1.18% or 50.0 points to 4200.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 18 to 8 and 2 ended unchanged.

US coffee C for December delivery was up 2.48% or 2.73 to $112.78 . Elsewhere in commodities trading, US cocoa for delivery in March rose 3.05% or 66.00 to hit $2232.00 , while the December Gold Futures contract rose 1.96% or 23.50 to trade at $1222.70 a troy ounce.

USD/COP was down 0.94% to 3168.35, while BRL/COP rose 0.13% to 846.20.

The US Dollar Index Futures was down 0.49% at 96.32.

Dollar Hurt by Cautious Clarida Remarks, Sterling Rebound

Investing.com - The dollar swooped lower against its rivals Friday, and looked set to snap a four-week winning streak, after Federal Reserve Vice Chairman Richard Clarida flagged concerns about global growth and delivered somewhat dovish remarks on monetary policy.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.46% to 96.35.

Clarida told CNBC on Friday the Fed is getting closer to a neutral rate -- one that neither overstimulates the economy, nor stifles growth -- and cited "some evidence" that global economy is slowing.

Clarida's remarks was viewed as dovish, sending the dollar tumbling, leading some to speculate whether the Fed would pause its gradual rate hikes sooner than expected, despite analysts downplaying the remarks.

RBC said that the market reactions to interpretations of the Fed "seem completely backwards," as there was "nothing in the economic data has shifted the Fed’s growth and inflation outlook."

Economic data offered little in the way of support for the greenback, as industrial production fell short of economists' estimates.

Industrial production, a measure of output at factories, mines and utilities, rose a 0.1% in October, the Federal Reserve said Friday. This was slightly below the 0.2% rise forecast by economists.

A rebound in the pound following its worst slump of the year Thursday also kept a lid on the greenback, as traders were relieved that no additional ministers had resigned from UK Prime Minister Theresa May's government as she prepares to sell her deal to parliament and could face another leadership challenge.

GBP/USD rose 0.45% to $1.2832, EUR/USD rose 0.72% to $1.1410.

USD/JPY traded fell 0.74% to Y112.81 and USD/CAD fell 0.14% to C$$1.3160. The loonie was underpinned by strong oil prices, which rebounded for a third-straight day Friday.

Spain stocks lower at close of trade; IBEX 35 down 0.18%

Investing.com – Spain stocks were lower after the close on Friday, as losses in the Financial Services&Real Estate, Chemical, Petroleum&Plastic and Building&Construction sectors led shares lower.

At the close in Madrid, the IBEX 35 lost 0.18%.

The best performers of the session on the IBEX 35 were Melia Hotels (MC:MEL), which rose 2.83% or 0.240 points to trade at 8.720 at the close. Meanwhile, Tecnicas Reunidas (MC:TRE) added 1.67% or 0.370 points to end at 22.500 and Acciona (MC:ANA) was up 1.32% or 1.020 points to 78.440 in late trade.

The worst performers of the session were Inmobiliaria Colonial SA (MC:COL), which fell 2.33% or 0.205 points to trade at 8.595 at the close. Cie Automotive (MC:CIEA) declined 1.61% or 0.360 points to end at 22.040 and BBVA (MC:BBVA) was down 1.33% or 0.066 points to 4.911.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 101 to 63 and 21 ended unchanged.

Gold Futures for December delivery was up 1.91% or 22.90 to $1222.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.12% or 0.07 to hit $56.39 a barrel, while the January Brent oil contract rose 0.02% or 0.01 to trade at $66.63 a barrel.

EUR/USD was up 0.78% to 1.1416, while EUR/GBP rose 0.24% to 0.8891.

The US Dollar Index Futures was down 0.50% at 96.31.

Netherlands stocks lower at close of trade; AEX down 0.47%

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

At the close in Amsterdam, the AEX fell 0.47%.

The best performers of the session on the AEX were Galapagos NV (AS:GLPG), which rose 1.17% or 1.060 points to trade at 91.380 at the close. Meanwhile, ASR Nederland NV (AS:ASRNL) added 0.65% or 0.26 points to end at 40.14 and Unilever NV DRC (AS:UNc) was up 0.65% or 0.32 points to 49.04 in late trade.

The worst performers of the session were ASML Holding NV (AS:ASML), which fell 2.99% or 4.56 points to trade at 147.74 at the close. Altice NV (AS:ATCA) declined 2.13% or 0.05 points to end at 2.11 and ABN AMRO Group NV (AS:ABNd) was down 1.96% or 0.45 points to 22.46.

Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 69 to 55 and 15 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 10.61% to 15.89.

Crude oil for December delivery was down 0.39% or 0.22 to $56.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.23% or 0.15 to hit $66.47 a barrel, while the December Gold Futures contract rose 1.94% or 23.30 to trade at $1222.50 a troy ounce.

EUR/USD was up 0.78% to 1.1416, while EUR/GBP rose 0.20% to 0.8888.

The US Dollar Index Futures was down 0.50% at 96.31.

Finland stocks higher at close of trade; OMX Helsinki 25 up 0.62%

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

At the close in Helsinki, the OMX Helsinki 25 gained 0.62%.

The best performers of the session on the OMX Helsinki 25 were DNA Oyj (HE:DNAO), which rose 2.22% or 0.4000 points to trade at 18.4100 at the close. Meanwhile, Huhtamaki Oyj (HE:HUH1V) added 1.67% or 0.42 points to end at 25.58 and Neste Oil Oyj (HE:NESTE) was up 1.67% or 1.18 points to 71.96 in late trade.

The worst performers of the session were Metsa Board Oyj B (HE:METSB), which fell 1.30% or 0.090 points to trade at 6.855 at the close. Wartsila Oyj Abp (HE:WRT1V) declined 0.40% or 0.06 points to end at 14.80 and KONE Oyj (HE:KNEBV) was down 0.25% or 0.11 points to 43.23.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 85 to 64 and 13 ended unchanged.

Brent oil for January delivery was down 0.44% or 0.29 to $66.33 a barrel. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.60% or 0.34 to hit $56.12 a barrel, while the December Gold Futures contract rose 1.94% or 23.30 to trade at $1222.50 a troy ounce.

EUR/USD was up 0.79% to 1.1418, while EUR/GBP rose 0.20% to 0.8888.

The US Dollar Index Futures was down 0.53% at 96.28.

Belgium stocks higher at close of trade; BEL 20 up 0.10%

Investing.com – Belgium stocks were higher after the close on Friday, as gains in the Consumer Goods, Basic Materials and Industrial Engineering sectors led shares higher.

At the close in Brussels, the BEL 20 rose 0.10%.

The best performers of the session on the BEL 20 were Ontex Group (BR:ONTEX), which rose 1.28% or 0.23 points to trade at 18.22 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 1.17% or 1.060 points to end at 91.380 and Ageas (BR:AGES) was up 1.07% or 0.470 points to 44.250 in late trade.

The worst performers of the session were Aperam SA (AS:APAM), which fell 1.65% or 0.43 points to trade at 25.70 at the close. Solvay SA (BR:SOLB) declined 0.96% or 1.00 points to end at 102.80 and Telenet Group Holding NV (BR:TNET) was down 0.88% or 0.38 points to 42.56.

Falling stocks outnumbered advancing ones on the Brussels Stock Exchange by 63 to 50 and 13 ended unchanged.

Shares in Aperam SA (AS:APAM) fell to 3-years lows; down 1.65% or 0.43 to 25.70.

Gold Futures for December delivery was up 1.89% or 22.70 to $1221.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.46% or 0.26 to hit $56.72 a barrel, while the January Brent oil contract rose 0.51% or 0.34 to trade at $66.96 a barrel.

EUR/USD was up 0.71% to 1.1408, while EUR/GBP rose 0.12% to 0.8881.

The US Dollar Index Futures was down 0.47% at 96.34.

U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.44%

Investing.com – U.K. stocks were lower after the close on Friday, as losses in the Construction&Materials, Oil Equipment Services&Distribution and Life Insurance/Assurance sectors led shares lower.

At the close in London, the Investing.com United Kingdom 100 lost 0.44%.

The best performers of the session on the Investing.com United Kingdom 100 were Micro Focus International PLC (LON:MCRO), which rose 3.76% or 53.00 points to trade at 1463.50 at the close. Meanwhile, Paddy Power Betfair PLC (LON:PPB) added 3.52% or 245.00 points to end at 7205.00 and Rio Tinto PLC (LON:RIO) was up 2.88% or 109.50 points to 3910.00 in late trade.

The worst performers of the session were Royal Bank of Scotland Group PLC (LON:RBS), which fell 3.26% or 7.30 points to trade at 216.90 at the close. Royal Mail PLC (LON:RMG) declined 2.89% or 9.40 points to end at 316.00 and Travis Perkins PLC (LON:TPK) was down 2.71% or 28.00 points to 1004.50.

Falling stocks outnumbered advancing ones on the London Stock Exchange by 1170 to 862 and 325 ended unchanged.

Shares in Royal Bank of Scotland Group PLC (LON:RBS) fell to 52-week lows; losing 3.26% or 7.30 to 216.90. Shares in Royal Mail PLC (LON:RMG) fell to all time lows; falling 2.89% or 9.40 to 316.00.

Gold Futures for December delivery was up 1.89% or 22.70 to $1221.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.60% or 0.34 to hit $56.80 a barrel, while the January Brent oil contract rose 0.65% or 0.43 to trade at $67.05 a barrel.

GBP/USD was up 0.56% to 1.2845, while EUR/GBP rose 0.12% to 0.8881.

The US Dollar Index Futures was down 0.47% at 96.34.

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.65%

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

At the close in Stockholm, the OMX Stockholm 30 gained 0.65%.

The best performers of the session on the OMX Stockholm 30 were Tele2 AB (ST:TEL2b), which rose 2.85% or 2.95 points to trade at 106.30 at the close. Meanwhile, Securitas AB ser. B (ST:SECUb) added 2.59% or 3.90 points to end at 154.20 and Essity AB B (ST:ESSITYb) was up 2.37% or 5.20 points to 224.80 in late trade.

The worst performers of the session were AstraZeneca PLC (ST:AZN), which fell 1.35% or 10.0 points to trade at 729.4 at the close. Swedish Match AB (ST:SWMA) declined 0.90% or 3.7 points to end at 406.3 and AB SKF B (ST:SKFb) was down 0.89% or 1.2 points to 139.6.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 360 to 272 and 43 ended unchanged.

Crude oil for December delivery was up 0.60% or 0.34 to $56.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.57% or 0.38 to hit $67.00 a barrel, while the December Gold Futures contract rose 1.87% or 22.40 to trade at $1221.60 a troy ounce.

EUR/SEK was up 0.18% to 10.2864, while USD/SEK fell 0.51% to 9.0178.

The US Dollar Index Futures was down 0.46% at 96.35.

Morocco stocks lower at close of trade; Moroccan All Shares down 0.09%

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

At the close in Casablanca, the Moroccan All Shares declined 0.09%.

The best performers of the session on the Moroccan All Shares were Micro Data SA (CS:MIC), which rose 5.96% or 14.90 points to trade at 265.00 at the close. Meanwhile, Oulmes (CS:OULM) added 5.88% or 80 points to end at 1440 and Promopharm S.A. (CS:PRO) was up 5.85% or 57 points to 1032 in late trade.

The worst performers of the session were Med Paper (CS:PAP), which fell 7.48% or 1.74 points to trade at 21.52 at the close. BMCI (CS:BMCI) declined 6.82% or 49 points to end at 670 and Managem (CS:MNG) was down 6.67% or 75 points to 1050.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 18 to 15 and 9 ended unchanged.

Shares in BMCI (CS:BMCI) fell to 52-week lows; down 6.82% or 49 to 670. Shares in Managem (CS:MNG) fell to 52-week lows; losing 6.67% or 75 to 1050.

Crude oil for December delivery was up 0.53% or 0.30 to $56.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.53% or 0.35 to hit $66.97 a barrel, while the December Gold Futures contract rose 1.85% or 22.20 to trade at $1221.40 a troy ounce.

EUR/MAD was up 0.31% to 10.8200, while USD/MAD fell 0.42% to 9.4841.

The US Dollar Index Futures was down 0.46% at 96.35.

Greece stocks lower at close of trade; Athens General Composite down 0.78%

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

At the close in Athens, the Athens General Composite fell 0.78%.

The best performers of the session on the Athens General Composite were Crete Plastics SA (AT:PLAKR), which rose 7.56% or 0.900 points to trade at 12.900 at the close. Meanwhile, Iaso (AT:IASr) added 4.73% or 0.040 points to end at 0.886 and Alpha Bank SA (AT:ACBr) was up 2.02% or 0.024 points to 1.212 in late trade.

The worst performers of the session were Public Power (AT:DEHr), which fell 4.51% or 0.06 points to trade at 1.27 at the close. Eurobank Ergasias SA (AT:EURBr) declined 4.45% or 0.0226 points to end at 0.4854 and Attica Bank SA (AT:BOAr) was down 3.93% or 0.005 points to 0.127.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 68 to 34 and 16 ended unchanged.

Shares in Eurobank Ergasias SA (AT:EURBr) fell to 52-week lows; falling 4.45% or 0.0226 to 0.4854.

Gold Futures for December delivery was up 1.85% or 22.20 to $1221.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.45% or 0.82 to hit $57.28 a barrel, while the January Brent oil contract rose 1.37% or 0.91 to trade at $67.53 a barrel.

EUR/USD was up 0.67% to 1.1404, while EUR/GBP rose 0.16% to 0.8884.

The US Dollar Index Futures was down 0.45% at 96.36.

Turkey stocks higher at close of trade; BIST 100 up 0.34%

Investing.com – Turkey stocks were higher after the close on Friday, as gains in the Tourism, Information Technology and Banking sectors led shares higher.

At the close in Istanbul, the BIST 100 added 0.34%.

The best performers of the session on the BIST 100 were Turcas Petrol AS (IS:TRCAS), which rose 13.38% or 0.190 points to trade at 1.610 at the close. Meanwhile, ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS) added 5.93% or 0.160 points to end at 2.860 and TAV Havalimanlari Holding (IS:TAVHL) was up 5.44% or 1.28 points to 24.80 in late trade.

The worst performers of the session were Vakif Gayrimenkul Yatirim Ortakligi AS (IS:VKGYO), which fell 7.37% or 0.160 points to trade at 2.010 at the close. ICBC Turkey Bank AS (IS:ICBCT) declined 6.20% or 0.500 points to end at 7.560 and Anadolu Cam Sanayi AS (IS:ANACM) was down 3.30% or 0.100 points to 2.930.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 189 to 154 and 64 ended unchanged.

Gold Futures for December delivery was up 1.83% or 22.00 to $1221.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.09% or 1.18 to hit $57.64 a barrel, while the January Brent oil contract rose 1.91% or 1.27 to trade at $67.89 a barrel.

USD/TRY was down 0.11% to 5.3463, while EUR/TRY rose 0.44% to 6.0966.

The US Dollar Index Futures was down 0.41% at 96.39.

General Electric Falls 3%

Investing.com - General Electric (NYSE:GE) fell by 3.46% to trade at $7.89 by 10:03 (15:03 GMT) on Friday on the NYSE exchange.

The volume of General Electric shares traded since the start of the session was 28.63M. General Electric has traded in a range of $7.87 to $8.20 on the day.

The stock has traded at $9.3400 at its highest and $7.7200 at its lowest during the past seven days.

Stocks - Wall Street Falls on Trade, Earnings Guidance Concerns

Investing.com - Wall Street opened lower on Friday, as concerns over trade and disappointing earnings guidance dampened market sentiment.

The S&P 500 fell 13 points, or 0.49%, to 2,716.74 as of 9:35 AM ET (14:35 GMT), while the Dow dipped 102 points, or 0.41%, to 25,186.45 and the tech-heavy Nasdaq Composite was down 68 points, or 0.95%, to 7,190.18.

Chipmaker and broader technology stocks were under pressure, after Nvidia (NASDAQ:NVDA) forecast a fall in chip sales for the holiday quarter as demand for Apple (NASDAQ:AAPL) products waned. Shares of Nvidia plunged 19%, while Apple dipped 0.76% and Advanced Micro Devices (NASDAQ:AMD) fell 7%.

Amazon.com (NASDAQ:AMZN) fell 2.52%, while Facebook (NASDAQ:FB) decreased 3.42% on growing concerns over how the social media network manages community standards and posts.

Hopes of a trade deal between the U.S. and China receded after a White House official told Reuters on Thursday that China’s written response to U.S. demands for trade reform are unlikely to lead to a deal. U.S. President Donald Trump and Chinese President Xi Jinping are expected to talk about trade disagreements at the G20 summit later this month.

Elsewhere, BlackBerry (NYSE:BB) rose 1.64% on news that it is acquiring artificial intelligence and cybersecurity company Cylance in a $1.4 billion cash deal. Pacific Gas & Electric (NYSE:PCG) jumped 37% after a report that the California Public Utilities Commission does not want the the company to go into bankruptcy should it be found responsible for the wildfire in northern California.

In commodities, gold futures rose 2.17% to $1,225.20 a troy ounce, while crude oil surged 1.75% to $57.45 a barrel on news that OPEC could curb its production output. The U.S. dollar index, which measures the greenback against a basket of six major currencies, decreased 0.53% to 96.28.

U.S. Industrial Production Rises in October

Investing.com - U.S. industrial production rose in October, according to data released on Friday.

The Federal Reserve reported that industrial output rose 0.1% last month after gaining 0.2% in September.

Economists had forecast industrial production rising 0.2%.

September's 0.2% advance was revised down from an initial 0.3% increase.

Meanwhile, manufacturing production increased 0.3% in October, in line with the previous month’s gain and above the consensus estimate of 0.2%.

September's 0.3% rise was an upward revision from an initial increase of 0.2%.

Bitcoin Rises After Selloff; Other Cryptos Broadly Higher

Investing.com - Cryptocurrency prices recovered somewhat Friday, as Bitcoin rallied after two days of losses.

Bitcoin gained 1.62% to $5,695.00 on the Bitfinex exchange, as of 8:55 AM ET (13:55 GMT). The digital coin slumped 12% on Wednesday and still remains below its two-month average of the $6,000 range.

While the exact reason for the selloff remains uncertain, some analysts speculated that it was due to a hard fork of Bitcoin cash on Thursday.

BCH/USD slumped 44.11% to $250.00.

Cryptocurrencies overall were higher, with the total coin market capitalization at $184 billion at the time of writing, compared to $179 billion on Thursday, but remained below last week’s high of $220 billion.

Ethereum, or Ether, increased 1.25% to $180.63 and Litecoin was at $42.880, up 2.24%, while XRP gained 4.85% to $0.47844.

In other news, chipmaker Nvidia (NASDAQ:NVDA) slumped 18% as the company forecast a drop in fourth-quarter revenue. The company’s gaming cards are popular with cryptocurrency miners, but as popularity in digital currencies wanes, demand for the product has decreased.

“Near-term results reflect excess channel inventory post the cryptocurrency boom, which will be corrected,” Nividia CEO Jensen Huang said in a statement.

Meanwhile, Japan’s Financial Services Agency plans to regulate virtual coin wallets. Currently only companies that buy and sell digital coins are required to register with the agency.

The agency argues that wallets are like bank accounts and should fall under their jurisdiction. At the moment, Japanese law does not apply to the wallet service providers because they do not trade in digital currencies.

Top 5 Things to Know in the Market on Friday

Investing.com - Here are the top five things you need to know in financial markets on Friday, November 16:

1. Pound steady even as UK PM may face confidence vote

The pound registered slight gains against the dollar on Friday, recovering slightly after its worst daily decline since October 2016 in the prior session, as uncertainty over a deal between the UK and the European Union over Brexit skyrocketed, with British Prime Minister Theresa May “likely” facing a vote of no confidence.

Sky News reported that government officials have been told to cancel engagements and return to London in preparation for the vote which requires a motion from just 48 officials. The threshold is expected to be reached later on Friday with a vote reported to be likely next Tuesday.

The hostility from government and opposition lawmakers raised the risk that the deal would be rejected in the UK parliament, and that Britain could leave the EU on March 29 without a safety net.

Sterling hovered near Thursday’s lows of lows of $1.2722 and €1.1247.

2. China trade “talks” have not halted U.S. tariff plan

Recent hopes that trade tension between China and the U.S. may be receding on reports of continuing talks ahead of U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit later this month began to fade as officials deemed a deal to be unlikely.

A senior Trump administration official told Reuters on Thursday that China’s written response to U.S. demands for trade reforms, received earlier this week, was unlikely to trigger a breakthrough deal.

U.S. Trade Representative Robert Lighthizer on Thursday denied a report that he had told some industry executives that another round of tariffs on Chinese imports had been put on hold as the two nations pursue talks.

“The plan for the tariffs ... has not changed at all. Any reports to the contrary are incorrect," a spokesperson for Lighthizer’s office said in a statement.

3. Nvidia’s disappointing outlook hammers chip stocks

Nvidia forecast disappointing sales of its chips for the holiday quarter in a woeful reminder of reported weakness in Apple (NASDAQ:AAPL) suppliers, sending tech stocks in the semiconductor sector sprawling.

Shares of Nvidia (NASDAQ:NVDA) plunged 17% in Friday’s pre-market trade tainting Advanced Micro Devices (NASDAQ:AMD) with losses of 5%.

Friday’s earnings schedule will be sparse with the focus on Viacom (NASDAQ:VIAB) whose results are expected ahead of the opening bell.

4. Nasdaq expected to lead losses on Wall Street

As hopes for a thawing of trade tension between the U.S. and China fade to the background and uncertainty surrounding a possible Brexit deal between the UK and EU rise, U.S. futures pointed to a lower open on Wall Street. Nvidia’s disappointing outlook hit sentiment on tech stocks with the Nasdaq expected to lead the losses.

At 5:54 AM ET (10:54 GMT), the blue-chip Dow futures fell 89 points, or 0.35%, S&P 500 futures lost 14 points, or 0.49%, while the Nasdaq 100 futures traded down 78 points, or 1.16%.

Elsewhere, European stocks struggled to recover after a rough week where Brexit tensions and worries over the Italian budget sent shares sprawling. Investors remained cautious as they waited for the UK to make a move on whether to oust Theresa May from power.

Earlier, Asian share markets ended mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from chipmaker Nvidia which slugged the tech sector.

5. Oil rebounds as attention turns to hopes for output cuts

Oil prices surged on Friday, recovering part of a sharp weekly decline, as attention began to turn to hopes that OPEC would be able to reach a meaningful deal to cut output and tackle rising supply at its policy meeting in Vienna on Dec. 6.

U.S. crude was on the rise for a third consecutive session paring weekly losses to below 5% as reports on Wednesday suggested that OPEC was mulling a plan with Russia and other allies to cut production by 1.4 million barrels in order to reign in the recent decline in prices and rebalance the market.

Concerns of oversupply will remain in the spotlight as investors keep an eye on a measure of future output stateside with Baker Hughes’ weekly data out at 1:00 PM (18:00 GMT) Friday.

The U.S. rig count rose by 8 to 874 last week, the highest level since March 2015, according to the oilfield services firm.

India stocks higher at close of trade; Nifty 50 up 0.62%

Investing.com – India stocks were higher after the close on Friday, as gains in the Technology, Green Energy and Healthcare sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.62% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.56%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 9.10% or 27.70 points to trade at 332.75 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 3.36% or 33.25 points to end at 1022.20 and Eicher Motors Ltd. (NS:EICH) was up 3.55% or 850.75 points to 24735.00 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 6.49% or 13.35 points to trade at 191.00 at the close. Indiabulls Housing Finance Ltd (NS:INBF) declined 4.95% or 39.85 points to end at 766.20 and Tata Steel Ltd (NS:TISC) was down 2.50% or 14.75 points to 574.10.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 9.81% to 333.60, Reliance Industries Ltd (BO:RELI) which was up 2.79% to settle at 1127.50 and Hero MotoCorp Ltd (BO:HROM) which gained 1.81% to close at 2970.00.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 7.14% to 191.30 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.47% to settle at 574.10 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.02% to 7332.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 941 to 635 and 70 ended unchanged; on the Bombay Stock Exchange, 1473 fell and 1073 advanced, while 139 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.57% to 18.3500.

Gold Futures for December delivery was up 1.39% or 16.70 to $1215.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.09% or 1.18 to hit $57.64 a barrel, while the January Brent oil contract rose 2.28% or 1.52 to trade at $68.14 a barrel.

USD/INR was down 0.03% to 71.855, while EUR/INR fell 0.10% to 81.3925.

The US Dollar Index Futures was up 0.08% at 96.87.

Gold Prices Rise amid Trade, Brexit Risk

Investing.com - Gold prices were higher on Friday as investors moved to risk-averse assets amid Brexit turmoil and trade war concerns.

Comex gold futures for December delivery increased 1.43% to $1,216.30 a troy ounce as of 5:04 AM ET (10:04 GMT).

Uncertainty over Prime Minister Theresa May’s proposed Brexit deal lingered after Brexit minister Dominic Raab resigned on Thursday.

Raab said he could not support the prime minister’s support terms of the the draft.

Meanwhile traders are also keeping an eye on trade war developments between the U.S. and China. A White House official told Reuters on Thursday that China’s written response to U.S. demands for trade reform are unlikely to lead to a deal in talks between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit later this month.

Still, tariffs on $200 billion of Chinese goods is set to increase to 25% from 10% on Jan. 1.

A flat dollar also helped lift sentiment for the precious metal.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.03% to 96.82.

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

Oil Prices Pare Sharp Weekly Decline Ahead of Data on U.S. Drilling Activity

Investing.com - Oil prices moved higher on Friday, recovering for a third straight session and paring a sharp weekly decline, as bullish hopes center on hopes for an OPEC-led production cut and investors awaited the latest reading on weekly oil rig activity in the U.S.

New York-traded West Texas Intermediate crude futures gained 65 cents, or 1.15%, at $57.11 a barrel by 4:07 AM ET (9:07 GMT).

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., rose 87 cents, or 1.31%, to $67.49.

Even with Friday’s third straight gain, both barrels were on track for weekly losses of nearly 5% and 4%, respectively. The barrel of West Texas Intermediate oil is off more than 25% since hitting a 4-year high at the beginning of October as increasing signs of growing output from key producers - mainly the U.S., Saudi Arabia and Russia - have sparked growing concerns of oversupply amid waning demand.

The International Energy predicted this week that demand from non-OECD countries would diminish next year, while OPEC’s monthly report released on Tuesday admitted that the cartel forecast demand for its oil to fall faster than expected in 2019.

The Energy Information Administration said on Thursday that U.S. weekly production hit a fresh record high of 11.7 million barrels per day, while U.S. crude stockpiles registered there largest increase in 21 months.

With that in mind, investors looked ahead to a measure of future output stateside with Baker Hughes’ weekly data out at 1:00 PM (18:00 GMT) Friday.

The U.S. rig count rose by 8 to 874 last week, the highest level since March 2015, according to the oilfield services firm.

Helping to support the current three-day rebound, reports on Wednesday suggested that OPEC was mulling a plan with Russia and other allies to cut production by 1.4 million barrels in order to reign in the recent decline in prices and rebalance the market.

OPEC will hold its policy-setting meeting on Dec. 6 in Vienna.

In other energy trading, gasoline futures advanced 0.89% to $1.5705 a gallon by 4:11 AM ET (9:11 GMT), while heating oil rose 0.52% to $2.0848 a gallon.

Lastly, natural gas futures traded down 0.22% to $4.029 per million British thermal units.

Japan stocks lower at close of trade; Nikkei 225 down 0.57%

Investing.com – Japan stocks were lower after the close on Friday, as losses in the Chemical, Petroleum&Plastic, Services and Glass sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 0.57%.

The best performers of the session on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (T:4506), which rose 4.85% or 136.0 points to trade at 2938.0 at the close. Meanwhile, Inpex Corp. (T:1605) added 2.81% or 34.5 points to end at 1263.5 and Chugai Pharmaceutical Co., Ltd. (T:4519) was up 2.61% or 180.0 points to 7080.0 in late trade.

The worst performers of the session were Showa Denko K.K. (T:4004), which fell 8.61% or 400.0 points to trade at 4245.0 at the close. SUMCO Corp. (T:3436) declined 7.96% or 131.0 points to end at 1515.0 and Tokai Carbon Co., Ltd. (T:5301) was down 7.62% or 123.0 points to 1492.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2479 to 1036 and 174 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.30% to 22.60.

Crude oil for December delivery was up 1.59% or 0.90 to $57.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.65% or 1.10 to hit $67.72 a barrel, while the December Gold Futures contract rose 0.24% or 2.90 to trade at $1217.90 a troy ounce.

USD/JPY was down 0.31% to 113.30, while EUR/JPY rose 0.01% to 128.75.

The US Dollar Index Futures was down 0.14% at 96.66.

China stocks higher at close of trade; Shanghai Composite up 0.41%

Investing.com – China stocks were higher after the close on Friday, as gains in the Technology Hardware&Equipment, Real Estate Investments&Services and Technology sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.41% to hit a new 1-month high, while the SZSE Component index climbed 0.75%.

The best performers of the session on the Shanghai Composite were Zhejiang Shenghua Biok Biology Co Ltd (SS:600226), which rose 10.12% or 0.340 points to trade at 3.700 at the close. Meanwhile, Ningbo Yunsheng Co Ltd (SS:600366) added 10.09% or 0.570 points to end at 6.220 and Shang Gong Group Co Ltd B (SS:900924) was up 10.06% or 0.067 points to 0.733 in late trade.

The worst performers of the session were Sichuan Minjiang Hydropower Co Ltd (SS:600131), which fell 10.02% or 1.200 points to trade at 10.780 at the close. Hua Xin Cement (SS:900933) declined 7.28% or 0.139 points to end at 1.770 and Shanghai Yahong Moulding Co Ltd (SS:603159) was down 3.91% or 0.810 points to 19.880.

The top performers on the SZSE Component were Sichuan Shuangma Cement Co Ltd (SZ:000935) which rose 10.02% to 18.12, GuangDong Huasheng Electrical Appliances Co Ltd (SZ:002670) which was up 10.01% to settle at 11.32 and Do-Fluoride Chemicals Co Ltd (SZ:002407) which gained 9.97% to close at 11.80.

The worst performers were Vtron Technologies Ltd (SZ:002308) which was down 10.05% to 5.280 in late trade, Jiangsu Shagang Co Ltd (SZ:002075) which lost 10.01% to settle at 14.48 and Zhonghong Holding Co Ltd (SZ:000979) which was down 9.46% to 0.67 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 952 to 438 and 83 ended unchanged.

Shares in Jiangsu Shagang Co Ltd (SZ:002075) fell to 52-week lows; falling 10.01% or 1.61 to 14.48. Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to 5-year lows; losing 9.46% or 0.07 to 0.67.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.99.

Gold Futures for December delivery was up 1.42% or 17.00 to $1216.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.81% or 0.46 to hit $56.92 a barrel, while the January Brent oil contract rose 0.99% or 0.66 to trade at $67.28 a barrel.

USD/CNY was up 0.03% to 6.9414, while EUR/CNY rose 0.27% to 7.8805.

The US Dollar Index Futures was down 0.05% at 96.74.

Gold Prices Flat; Brexit Concerns in Focus

Investing.com - Gold prices remained flat on Thursday. Brexit fears took centre stage after UK Brexit Minister Dominic Raab resigned, adding to uncertainty over whether Prime Minister Theresa May's proposed Brexit deal will win parliamentary approval.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange was little changed at $1,215.3 a troy ounce by 1:26 AM ET (06:26 GMT).

Raab, in a letter to the prime minister, said he could not support terms of her draft Brexit plan.

"For my part, I cannot support the deal for two reasons," Raab said in a letter. "First, I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom."

"Secondly," he added, "I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit."

Without a deal, the U.K. would move from seamless trade with the EU to customs arrangements set by the World Trade Organization for external states.

Meanwhile, better-than-expected retail sales figure released on Thursday failed to lift the dollar.

The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.1% at 96.79.

The Commerce Department said on Thursday that core retail sales rose 0.7% last month, above economists’ forecast for a 0.5% rise, signalling ongoing strength in consumer spending.

The U.S. Department of Labor, meanwhile, reported Thursday that initial jobless claims rose by 2,000 to a seasonally adjusted 216,000 for the week ended Nov. 10, in line with economists’ forecasts.

Pound Rises Despite Brexit Crisis; Yen Gains

Investing.com - The British pound rose on Thursday despite concerns that political turmoil in the U.K. could see it leave the EU on March 29 without a safety net.

The GBP/USD pair rose 0.2% to 1.2799 by 12:45 AM ET (05:45 GMT) even after multiple important ministers in the U.K., including Brexit Secretary Dominic Raab, resigned from Prime Minister Theresa May's government.

At least 16 members of her own Conservative Party have called for a vote of no confidence in May, citing dissatisfaction with her proposals, the CNBC reported.

Without a deal, the U.K. would move from seamless trade with the EU to customs arrangements set by the World Trade Organization for external states.

Sterling would sink as a result while bond yields on U.K. debt would also likely fall.

Meanwhile, the safe-haven yen has benefited from a deepening Brexit crisis and traded higher on Thursday. The USD/JPY pair dropped 0.3% to 113.4.

Elsewhere, the U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.1% to 96.79.

The Commerce Department said on Thursday that core retail sales rose 0.7% last month, above economists’ forecast for a 0.5% rise, signalling ongoing strength in consumer spending.

The U.S. Department of Labor, meanwhile, reported Thursday that initial jobless claims rose by 2,000 to a seasonally adjusted 216,000 for the week ended Nov. 10, in line with economists’ forecasts.

The USD/CNY pair was little changed at 6.9410 as the People's Bank of China (PBOC) set the yuan reference rate at 6.9377 vs the previous day's fix of 6.9402.

New Regulations Send Shares of Wisdom Education Down Almost 15%

Investing.com - The Hong Kong shares of Chinese schools group Wisdom Education International Holdings Co Ltd (HK:6068) plummeted 14.96% to HK$3.58 on Friday morning, a day after Beijing announced new regulations on pre-school education.

Education stocks fell after Beijing condemned kindergartens for their “excessive profit-seeking behavior” and banned private kindergartens from seeking public listings on their own or as part of a portfolio.

Another education company, China Maple Leaf Educational Systems Ltd (HK:1317) also saw its shares plunge by 16.89% to HK$3.69, while the shares of China Yuhua Education Corp Ltd (HK:6169) dropped 12.47% to HK$3.37.

The new regulations put a brake on the country’s booming private education market, which is expected to grow from CNY2.9 trillion in 2016 to CNY4.9 trillion by 2020, according to Frost & Sullivan forecasts quoted by the South China Morning Post.