MARKET REVIEW

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.10%

Investing.com – Mexico stocks were higher after the close on Monday, as gains in the Telecoms Services, Financial Services and Industrials sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC rose 0.10%.

The best performers of the session on the S&P/BMV IPC were Grupo Televisa SAB Unit (MX:TLVACPO), which rose 2.96% or 2.28 points to trade at 79.30 at the close. Meanwhile, Grupo Aeroportuario Del Sureste (MX:ASURB) added 2.01% or 6.31 points to end at 319.85 and Grupo Aeroportuario Del CentroNorte (MX:OMAB) was up 1.90% or 2.040 points to 109.150 in late trade.

The worst performers of the session were Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA), which fell 3.61% or 21.92 points to trade at 585.49 at the close. VOLARIS A (MX:VOLARA) declined 2.94% or 0.36 points to end at 11.89 and Cemex SAB de CV (MX:CMXCPO) was down 1.63% or 0.210 points to 12.650.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 161 to 123 and 2 ended unchanged.

Gold Futures for August delivery was down 0.01% or 0.10 to $1241.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 4.17% or 2.92 to hit $67.03 a barrel, while the September Brent oil contract fell 4.58% or 3.45 to trade at $71.88 a barrel.

USD/MXN was down 0.35% to 18.8110, while EUR/MXN fell 0.16% to 22.0385.

The US Dollar Index Futures was down 0.20% at 94.25.

Canada stocks lower at close of trade; S&P/TSX Composite down 0.49%

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

At the close in Toronto, the S&P/TSX Composite fell 0.49%.

The best performers of the session on the S&P/TSX Composite were Turquoise Hill Resources Ltd. (TO:TRQ), which rose 3.77% or 0.140 points to trade at 3.850 at the close. Meanwhile, NFI Group Inc (TO:NFI) added 3.13% or 1.52 points to end at 50.05 and Linamar Corporation (TO:LNR) was up 2.75% or 1.54 points to 57.62 in late trade.

The worst performers of the session were Guyana Goldfields Inc . (TO:GUY), which fell 21.78% or 1.050 points to trade at 3.770 at the close. Aphria Inc (TO:APH) declined 7.23% or 0.850 points to end at 10.900 and Aurora Cannabis Inc (TO:ACB) was down 6.50% or 0.560 points to 8.060.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 630 to 461 and 117 ended unchanged.

Shares in Guyana Goldfields Inc. (TO:GUY) fell to 52-week lows; losing 21.78% or 1.050 to 3.770.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 4.53% to 14.07.

Gold Futures for August delivery was up 0.01% or 0.10 to $1241.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 4.12% or 2.88 to hit $67.07 a barrel, while the September Brent oil contract fell 4.46% or 3.36 to trade at $71.97 a barrel.

CAD/USD was up 0.16% to 0.7613, while CAD/EUR fell 0.11% to 0.6497.

The US Dollar Index Futures was down 0.20% at 94.25.

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. J&J, Goldman Sachs {{0|Goldman Sachs}}) Lead Earnings Report

Two Dow components will headline earnings reports ahead of trading Tuesday.

Johnson & Johnson (NYSE:JNJ) is forecast to earn $2.07 per share for the latest quarter on revenue of $20.39 billion. But apart from the numbers, investors will be listening to the conference call for any updates about a recent judgment to pay $4.7 billion to women who said J&J’s talcum powder resulted in ovarian cancer.

Goldman Sachs (NYSE:GS) is expected to earn $4.63 a share on revenue of $8.66 billion. Trading revenue will be in focus given JP Morgan's (NYSE:JPM) outperformance in that area.

Goldman Sachs is also expected to reveal that President David M. Solomon will succeed Lloyd C. Blankfein as the bank's next chief executive officer Tuesday.

Also reporting are Charles Schwab (NYSE:SCHW) and UnitedHealth Group (NYSE:UNH).

2. Fed Chief Powell Heads to Capitol Hill

Federal Reserve Chairman Jerome Powell heads to Capitol Hill Tuesday for the first appearance of his two-day Humprey-Hawkins testimony to Congress.

He will appear at the Senate Banking Committee first before appearing before the House Financial Services Committee.

Based on recent data and comments from Federal Open Market Committee members, the Fed is content with its plan of gradually increasing interest rates, which likely means two more hikes before the end of the year.

There is a more than 90% chance that rates will go up at the September meeting and a more than 60% chance of another rate hike in December, according to Investing.com’s Fed Rate Monitor Tool.

Congressional testimony from the Fed chief rarely elicits hints on the direction of interest rates beyond what the central bank has already intimated. But there could be interesting comments on the state of the economy and the impact of the new U.S. trade strategy.

According to the latest University of Michigan report on July consumer sentiment, “negative concerns about the potential impact (of tariffs) had risen from 15% in May to currently 38% in July, while 52% of those surveyed in the top third of income distribution - equivalent to half of consumer spending - negatively mentioned the economic impact.”

3. Netflix Tumbles on Weak Subscriber Growth

Tech stocks could face weakness tomorrow after Netflix (NASDAQ:NFLX) reported disappointing earnings after the bell Monday.

The stock fell nearly 13% in after-hours trading.

The company reported subscriber growth – a key metric for the streaming service – well below what analysts predicted.

Netflix added 670,000 U.S. subscribers in the second quarter, far from the 1.19 million Reuters consensus estimate.

Revenue came in at $3.91 billion, lower than the $3.94 billion expected.

Colombia stocks higher at close of trade; COLCAP up 0.30%

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

At the close in Colombia, the COLCAP gained 0.30%.

The best performers of the session on the COLCAP were Interconnection Electric SA ESP (CN:ISA), which rose 1.00% or 140.0 points to trade at 14160.0 at the close. Meanwhile, Bcolombia (CN:BIC) added 0.86% or 300.0 points to end at 35000.0 and Pfgrupsura (CN:SIS_p) was up 1.75% or 620.0 points to 35980.0 in late trade.

The worst performers of the session were Cemex Latam Holdings SA (CN:CLH), which fell 1.72% or 140.0 points to trade at 7990.0 at the close. Ecopetrol SA (CN:ECO) declined 0.84% or 25.0 points to end at 2940.0 and Grupoaval (CN:GAA) was down 0.84% or 10.0 points to 1180.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 16 to 14 and 2 ended unchanged.

Shares in Cemex Latam Holdings SA (CN:CLH) fell to 5-year lows; falling 1.72% or 140.0 to 7990.0.

US coffee C for September delivery was up 0.41% or 0.45 to $110.42 . Elsewhere in commodities trading, US cocoa for delivery in September fell 4.27% or 107.00 to hit $2399.00 , while the August Gold Futures contract rose 0.01% or 0.10 to trade at $1241.30 a troy ounce.

USD/COP was up 0.40% to 2870.50, while BRL/COP rose 0.10% to 743.33.

The US Dollar Index Futures was down 0.19% at 94.26.

Stocks - Nasdaq Closes Lower; Netflix Sinks as Revenue, Guidance Misses

Investing.com – U.S. stocks closed roughly flat on Monday, weighed down by a fall in energy as oil prices plunged, keeping a lid on gains in the broader market amid mostly positive earnings from large corporates.

The Dow Jones Industrial Average rose about 0.18%. The S&P 500 fell roughly 0.13%, while the Nasdaq Composite lost about 0.26%.

BlackRock and Bank of America reported second-quarter earnings beats, but investors dumped BlackRock (NYSE:BLK) stock as the bank reported a slowdown in inflows.

Yet the more-than-4% gain in Bank of America (NYSE:BAC) stock more than offset losses, driving financials to a solid gain for the day.

The upbeat performance in financials, however, were offset by a slump in the energy sector on falling oil prices. Oil prices settled lower on expectations the loss of Iranian crude from the global market would be less than many had anticipated after the U.S. said it may provide waivers to some importers of Iranian crude.

On the New York Mercantile Exchange crude futures for August delivery fell 4.2% to settle at $68.08 a barrel.

Overall, 86% of companies that have reported earnings so far, have topped consensus, with profits growing by 20.1%, FactSet data showed.

Netflix kicked off earnings for blue-chip tech stocks after the bell Monday, with weaker-than-expected second-quarter results. Microsoft (NASDAQ:MSFT) will report earnings on Thursday after market close.

Tech started the week on the back foot, ending the day mostly unchanged despite a rally in shares of Amazon to a record high.

Amazon.com (NASDAQ:AMZN) stock closed more than 1.5% higher as the tech giant got its 'Prime Day' sale underway, a 36-hour event which traditionally bolsters sales as customers flock online to scoop up discounts.

In economic news, core retail sales rose 0.4% last month, compared with an upwardly-revised 1.4% increase for May. The Empire State manufacturing index fell 2.4 points in July to a reading of 22.6.

The data came a day ahead of Federal Reserve Chairman Jerome Powell's testimony on the economy and monetary policy before the U.S. Senate Banking Committee on Tuesday at 10 AM ET (14:00 GMT) in Washington, followed by the House Financial Services Committee the next day.

On the political front, a summit between US President Trump and Russian leader Putin drew little market reaction as focus was mostly centered on Russian meddling in the U.S. election.

"The Russian state has never interfered, and is not going to interfere into internal American affairs, including the election process," Putin said.

Top Gainers and Losers on Wall Street Today:

The top Dow gainers for the session: JPMorgan Chase NYSE:JPM) gained roughly 4%, Goldman Sachs (NYSE:GS) rose 2% and Cisco Systems (NASDAQ:CSCO) up 1.7%.

Caterpillar (NYSE:CAT) down about 1.9%, Exxon Mobil (NYSE:XOM) off 1% and Johnson & Johnson (NYSE:JNJ) down 1%, were among the worst Dow performers of the session.

Stocks – Energy Stocks Fall as Oil Prices Sink Below $70

Investing.com - Energy stocks were the biggest drag on the U.S. market Monday as oil prices tumbled on expectations Iran supply disruptions may be averted.

Crude oil futures fell about 4.5% as of 2:00 PM ET (18:00 GMT) and were near the lows of the day. ExxonMobil (NYSE:XOM) stock dropped about 1.2%, Chevron (NYSE:CVX) stock was down about 1.3%, ConocoPhillips (NYSE:COP) stock lost about 2.2% and Hess (NYSE:HES) stock lost more than 4%.

Treasury Secretary Steve Mnuchin said Friday in remarks embargoed for today that the U.S. would consider exceptions in placing punitive measure on countries that purchased oil from Iran.

“We want people to reduce oil purchases to zero, but in certain cases if people can’t do that overnight, we’ll consider exceptions,” Mnuchin told reporters on Friday, Reuters reported.

The S&P Energy Sector was down about 1.4% in afternoon trading.

Nigeria stocks lower at close of trade; NSE 30 down 0.24%

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

At the close in Lagos, the NSE 30 declined 0.24%.

The best performers of the session on the NSE 30 were Uacn Prop (LAGOS:UACN), which rose 5.26% or 0.70 points to trade at 13.80 at the close. Meanwhile, Unilever Nig (LAGOS:UNILEVE) added 0.10% or 0.05 points to end at 51.90 and Nig Brew (LAGOS:NB) was unchanged 0.00% or 0.00 points to 110.00 in late trade.

The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 10.00% or 0.070 points to trade at 0.630 at the close. Pz Cussons LG (LAGOS:PZ) declined 10.00% or 1.90 points to end at 17.10 and Wapco (LAGOS:WAPCO) was down 9.33% or 3.50 points to 34.00.

Falling stocks outnumbered advancing ones on the Lagos by 71 to 15 and 19 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; down 10.00% or 1.90 to 17.10.

Crude oil for September delivery was down 4.26% or 2.98 to $66.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.46% or 3.36 to hit $71.97 a barrel, while the August Gold Futures contract fell 0.17% or 2.10 to trade at $1239.10 a troy ounce.

EUR/NGN was up 0.57% to 357.670, while USD/NGN rose 0.28% to 361.500.

The US Dollar Index Futures was down 0.15% at 94.30.

Morocco stocks lower at close of trade; Moroccan All Shares down 0.02%

Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Hotels, Restaurants&Leisure, Forestry&Paper and Mining sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.02% to hit a new 52-week low.

The best performers of the session on the Moroccan All Shares were Sonasid (CS:SOND), which rose 4.56% or 23 points to trade at 536 at the close. Meanwhile, Cosumar (CS:CSMR) added 3.47% or 6 points to end at 176 and Stokvis Nord Afrique (CS:SNA) was up 2.59% or 0.44 points to 17.44 in late trade.

The worst performers of the session were SMI (CS:SMI), which fell 5.99% or 164 points to trade at 2572 at the close. Risma (CS:RIS) declined 2.60% or 4.50 points to end at 168.50 and Micro Data SA (CS:MIC) was down 2.40% or 7.00 points to 285.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 16 to 15 and 3 ended unchanged.

Shares in SMI (CS:SMI) fell to 52-week lows; down 5.99% or 164 to 2572.

Crude oil for September delivery was down 3.90% or 2.73 to $67.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.13% or 3.11 to hit $72.22 a barrel, while the August Gold Futures contract fell 0.19% or 2.30 to trade at $1238.90 a troy ounce.

EUR/MAD was up 0.06% to 11.0690, while USD/MAD fell 0.07% to 9.4581.

The US Dollar Index Futures was down 0.14% at 94.31.

Portugal stocks higher at close of trade; PSI 20 up 0.02%

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

At the close in Lisbon, the PSI 20 gained 0.02%.

The best performers of the session on the PSI 20 were Sonae Capital (LS:SONAC), which rose 1.19% or 0.0110 points to trade at 0.9340 at the close. Meanwhile, Sonae (LS:YSO) added 1.18% or 0.0120 points to end at 1.0300 and Mota Engil (LS:MOTA) was up 1.17% or 0.0350 points to 3.0300 in late trade.

The worst performers of the session were Nos SGPS SA (LS:NOS), which fell 1.06% or 0.0520 points to trade at 4.8500 at the close. Semapa (LS:SEM) declined 0.88% or 0.2000 points to end at 22.6500 and Ibersol SGPS (LS:IBS) was down 0.82% or 0.100 points to 12.100.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 17 to 14 and 8 ended unchanged.

Brent oil for September delivery was down 4.21% or 3.17 to $72.16 a barrel. Elsewhere in commodities trading, Crude oil for delivery in September fell 3.95% or 2.76 to hit $67.19 a barrel, while the August Gold Futures contract fell 0.19% or 2.40 to trade at $1238.80 a troy ounce.

EUR/USD was up 0.12% to 1.1700, while EUR/GBP rose 0.19% to 0.8846.

The US Dollar Index Futures was down 0.11% at 94.34.

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.22%

Investing.com – Denmark stocks were lower after the close on Monday, as losses in the Industrials, Real Estate and Financials sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 declined 0.22%.

The best performers of the session on the OMX Copenhagen 20 were GN Store Nord (CO:GN), which rose 1.18% or 3.4 points to trade at 292.1 at the close. Meanwhile, Nordea Bank AB (CO:NDA) added 1.00% or 0.62 points to end at 62.76 and Pandora A/S (CO:PNDORA) was up 0.46% or 2.0 points to 441.0 in late trade.

The worst performers of the session were AP Moeller - Maersk A/S B (CO:MAERSKb), which fell 2.39% or 192 points to trade at 7836 at the close. AP Moeller - Maersk A/S A (CO:MAERSKa) declined 2.09% or 160 points to end at 7480 and DSV (CO:DSV) was down 1.21% or 6.2 points to 507.0.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 63 to 55 and 20 ended unchanged.

Crude oil for September delivery was down 4.02% or 2.81 to $67.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.34% or 3.27 to hit $72.06 a barrel, while the August Gold Futures contract fell 0.20% or 2.50 to trade at $1238.70 a troy ounce.

USD/DKK was down 0.11% to 6.3722, while EUR/DKK fell 0.03% to 7.4525.

The US Dollar Index Futures was down 0.06% at 94.38.

Italy stocks lower at close of trade; Investing.com Italy 40 down 0.28%

Investing.com – Italy stocks were lower after the close on Monday, as losses in the Oil&Gas, Industrials and Chemicals sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 fell 0.28%.

The best performers of the session on the Investing.com Italy 40 were Italgas SpA (MI:IG), which rose 1.73% or 0.082 points to trade at 4.810 at the close. Meanwhile, Davide Campari Milano SpA (MI:CPRI) added 1.52% or 0.11 points to end at 7.37 and Poste Italiane SpA (MI:PST) was up 1.45% or 0.110 points to 7.682 in late trade.

The worst performers of the session were Saipem SpA (MI:SPMI), which fell 4.27% or 0.1780 points to trade at 3.9910 at the close. Ferrari NV (MI:RACE) declined 1.51% or 1.85 points to end at 120.60 and ENI (MI:ENI) was down 1.39% or 0.23 points to 16.05.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 180 to 171 and 32 ended unchanged.

Crude oil for September delivery was down 4.02% or 2.81 to $67.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.33% or 3.26 to hit $72.07 a barrel, while the August Gold Futures contract fell 0.21% or 2.60 to trade at $1238.60 a troy ounce.

EUR/USD was up 0.09% to 1.1696, while EUR/GBP rose 0.20% to 0.8847.

The US Dollar Index Futures was down 0.07% at 94.37.

France stocks lower at close of trade; CAC 40 down 0.36%

Investing.com – France stocks were lower after the close on Monday, as losses in the Oil&Gas, Basic Materials and Utilities sectors led shares lower.

At the close in Paris, the CAC 40 declined 0.36%, while the SBF 120 index lost 0.30%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which rose 1.07% or 0.14 points to trade at 13.28 at the close. Meanwhile, Accor SA (PA:ACCP) added 0.93% or 0.41 points to end at 44.63 and Cap Gemini SA (PA:CAPP) was up 0.65% or 0.75 points to 117.00 in late trade.

The worst performers of the session were TechnipFMC PLC (PA:FTI), which fell 3.22% or 0.86 points to trade at 25.84 at the close. ArcelorMittal SA (AS:MT) declined 1.34% or 0.340 points to end at 25.115 and Valeo SA (PA:VLOF) was down 1.32% or 0.65 points to 48.51.

The top performers on the SBF 120 were Technicolor (PA:TCH) which rose 4.78% to 1.075, Elior Group (PA:ELIOR) which was up 2.19% to settle at 13.05 and Orpea (PA:ORP) which gained 1.76% to close at 124.00.

The worst performers were SES (PA:SESFd) which was down 5.95% to 16.99 in late trade, TechnipFMC PLC (PA:FTI) which lost 3.22% to settle at 25.84 and CGG SA (PA:GEPH) which was down 2.85% to 2.248 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 301 to 263 and 92 ended unchanged.

Shares in Orpea (PA:ORP) rose to all time highs; up 1.76% or 2.15 to 124.00.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 1.31% to 11.80.

Gold Futures for August delivery was down 0.20% or 2.50 to $1238.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 4.05% or 2.83 to hit $67.12 a barrel, while the September Brent oil contract fell 4.33% or 3.26 to trade at $72.07 a barrel.

EUR/USD was up 0.08% to 1.1695, while EUR/GBP rose 0.20% to 0.8847.

The US Dollar Index Futures was down 0.06% at 94.38.

Belgium stocks higher at close of trade; BEL 20 up 0.15%

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

At the close in Brussels, the BEL 20 rose 0.15% to hit a new 1-month high.

The best performers of the session on the BEL 20 were Cofinimmo-Sicafi (BR:COFB), which rose 1.48% or 1.60 points to trade at 109.80 at the close. Meanwhile, KBC (BR:KBC) added 1.31% or 0.860 points to end at 66.360 and Sofina (BR:SOF) was up 1.20% or 1.80 points to 152.00 in late trade.

The worst performers of the session were Telenet Group (BR:TNET), which fell 5.67% or 2.52 points to trade at 41.94 at the close. Proximus NV (BR:PROX) declined 2.22% or 0.46 points to end at 20.23 and Engie SA (PA:ENGIE) was down 0.92% or 0.12 points to 13.40.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 63 to 52 and 15 ended unchanged.

Shares in Sofina (BR:SOF) rose to all time highs; up 1.20% or 1.80 to 152.00.

Gold Futures for August delivery was down 0.12% or 1.50 to $1239.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 4.13% or 2.89 to hit $67.06 a barrel, while the September Brent oil contract fell 4.58% or 3.45 to trade at $71.88 a barrel.

EUR/USD was up 0.21% to 1.1711, while EUR/GBP rose 0.25% to 0.8851.

The US Dollar Index Futures was down 0.17% at 94.28.

Poland stocks lower at close of trade; WIG30 down 0.86%

Investing.com – Poland stocks were lower after the close on Monday, as losses in the Telecoms, Energy and Oil&Gas sectors led shares lower.

At the close in Warsaw, the WIG30 fell 0.86%.

The best performers of the session on the WIG30 were CD Projekt SA (WA:CDR), which rose 2.81% or 5.40 points to trade at 197.40 at the close. Meanwhile, Dino Polska SA (WA:DNP) added 2.38% or 2.40 points to end at 103.40 and PKP Cargo (WA:PKPP) was up 1.49% or 0.65 points to 44.15 in late trade.

The worst performers of the session were Gornictwo Naftowe i Gazownictwo SA (WA:PGN), which fell 3.74% or 0.22 points to trade at 5.67 at the close. Tauron Polska Energia SA (WA:TPE) declined 3.18% or 0.070 points to end at 2.130 and Eurocash SA (WA:EUR) was down 3.14% or 0.61 points to 18.80.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 233 to 209 and 174 ended unchanged.

Shares in CD Projekt SA (WA:CDR) rose to all time highs; gaining 2.81% or 5.40 to 197.40. Shares in Eurocash SA (WA:EUR) fell to 5-year lows; down 3.14% or 0.61 to 18.80.

Crude oil for September delivery was down 3.86% or 2.70 to $67.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.27% or 3.22 to hit $72.11 a barrel, while the August Gold Futures contract fell 0.10% or 1.30 to trade at $1239.90 a troy ounce.

EUR/PLN was down 0.08% to 4.3102, while USD/PLN fell 0.21% to 3.6810.

The US Dollar Index Futures was down 0.17% at 94.28.

Norway stocks lower at close of trade; Oslo OBX down 0.82%

Investing.com – Norway stocks were lower after the close on Monday, as losses in the Energy, Telecoms and Real Estate sectors led shares lower.

At the close in Oslo, the Oslo OBX declined 0.82%.

The best performers of the session on the Oslo OBX were Aker Solutions OL (OL:AKSOL), which rose 2.75% or 1.48 points to trade at 55.30 at the close. Meanwhile, Golden Ocean Group Ltd (OL:GOGLT) added 0.87% or 0.60 points to end at 69.75 and Storebrand ASA (OL:STB) was up 0.85% or 0.58 points to 68.50 in late trade.

The worst performers of the session were REC Silicon ASA (OL:REC), which fell 3.61% or 0.03 points to trade at 0.81 at the close. Aker BP ASA (OL:AKERBP) declined 3.22% or 9.60 points to end at 288.80 and Equinor ASA (OL:EQNR) was down 1.83% or 4.0 points to 214.2.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 95 to 73 and 32 ended unchanged.

Crude oil for September delivery was down 3.70% or 2.59 to $67.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.13% or 3.11 to hit $72.22 a barrel, while the August Gold Futures contract fell 0.09% or 1.10 to trade at $1240.10 a troy ounce.

EUR/NOK was up 0.02% to 9.4907, while USD/NOK fell 0.20% to 8.1035.

The US Dollar Index Futures was down 0.18% at 94.27.

Greece stocks higher at close of trade; Athens General Composite up 0.50%

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

At the close in Athens, the Athens General Composite added 0.50%.

The best performers of the session on the Athens General Composite were Nireus Aqua (AT:NIRr), which rose 5.42% or 0.009 points to trade at 0.179 at the close. Meanwhile, Gek Terna (AT:HRMr) added 3.46% or 0.180 points to end at 5.380 and Ellaktor SA (AT:HELr) was up 3.45% or 0.070 points to 2.150 in late trade.

The worst performers of the session were Loulis Mills (AT:LOUr), which fell 2.75% or 0.06 points to trade at 2.14 at the close. Iaso (AT:IASr) declined 2.21% or 0.018 points to end at 0.796 and Autohellas (AT:AUTr) was down 1.72% or 0.40 points to 22.80.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 64 to 31 and 19 ended unchanged.

Shares in Ellaktor SA (AT:HELr) rose to 3-years highs; gaining 3.45% or 0.070 to 2.150.

Gold Futures for August delivery was down 0.15% or 1.80 to $1239.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 3.30% or 2.31 to hit $67.64 a barrel, while the September Brent oil contract fell 3.66% or 2.76 to trade at $72.57 a barrel.

EUR/USD was up 0.18% to 1.1707, while EUR/GBP rose 0.22% to 0.8848.

The US Dollar Index Futures was down 0.14% at 94.31.

Gold Falls as Lower Dollar, Data Weigh

Investing.com - Gold prices inched down on Monday, despite a lower U.S. dollar as data supported expectations of a Fed interest rate increase.

Comex gold futures for August delivery decreased 0.15% to $1,239.30 a troy ounce as of 11:18 AM ET (15:18 GMT).

Gold was weighed down by economic data pointing to an increase in Federal Reserve interest rates. Retail sales increased by 0.5% for the fifth month in a row, according to the U.S. Commerce Department.

The Fed raised rates twice this year and is expected to raise rates at least once more before the end of the year.Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise.

Investors were also paying attention to any news of the meeting between U.S. President Donald Trump Russian President Vladimir Putin at their one-on-one meeting in Helsinki on Monday.

Meanwhile the dollar was lower. Gold normally rises as the dollar falls, as the precious metal is denominated in the U.S. currency and is sensitive to moves in the dollar.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched down 0.14% to 94.00.

Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls.

Elsewhere on the Comex, silver futures were down 0.13% to $15.795 a troy ounce. Among other precious metals, platinum slumped 1.11% to $821.20 while palladium decreased 2.03% to $914.30 an ounce. Copper futures lost 0.31% to $2.767 a pound.

Israel stocks lower at close of trade; TA 35 down 0.22%

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

At the close in Tel Aviv, the TA 35 declined 0.22%.

The best performers of the session on the TA 35 were Alony Hetz Properties and Investments Ltd (TA:ALHE), which rose 2.53% or 84 points to trade at 3399 at the close. Meanwhile, Harel (TA:HARL) added 1.43% or 38 points to end at 2690 and Nice Ltd (TA:NICE) was up 1.30% or 510 points to 39810 in late trade.

The worst performers of the session were Perrigo (TA:PRGO), which fell 2.19% or 610 points to trade at 27210 at the close. OPKO Health Inc (TA:OPK) declined 1.62% or 34 points to end at 2071 and Leumi (TA:LUMI) was down 1.41% or 31 points to 2175.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 205 to 177 and 35 ended unchanged.

Crude oil for September delivery was down 3.72% or 2.60 to $67.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 3.70% or 2.79 to hit $72.54 a barrel, while the August Gold Futures contract fell 0.10% or 1.20 to trade at $1240.00 a troy ounce.

USD/ILS was down 0.23% to 3.6296, while EUR/ILS fell 0.04% to 4.2499.

The US Dollar Index Futures was down 0.14% at 94.31.

Oil Prices Sink Below $68 as U.S. Treasury Considers Waivers on Iran Sanctions

Investing.com - Oil prices fell more than 3% to below $68 on Monday as the U.S. Treasury Secretary Steven Mnuchin suggested that certain exceptions could be made for countries importing oil from Iran.

New York-traded West Texas Intermediate crude futures tumbled $2.33 or 3.3% to $67.62 a barrel by 10:32 AM ET (14:33 GMT).

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., sank $2.56 or 3.4%, to $72.77.

“We want people to reduce oil purchases to zero, but in certain cases if people can't do that overnight, we'll consider exceptions," Mnuchin told reporters on Friday in comments embargoed until Monday, according to Reuters.

After U.S. President Donald Trump withdrew from the Iran nuclear deal and reimposed sanctions, countries buying oil from Tehran were threatened with secondary sanctions from the U.S., cutting down on Iran’s contribution to global supply.

However, Trump has complained on several occasions about prices being too high and said he had requested Saudi Arabia to increase output.

Mnuchin suggested that he would meet with counterparts on the sidelines of a G20 finance ministers' meeting in Buenos Aires on July 19-22 where sanctions on Iran were likely to be a topic of conversation.

“The State Department has the ability to issue waivers around significant reductions in the oil markets, that's something that Treasury and State will be doing,” Mnuchin said, adding that the U.S. would be “open to listening”.

In other energy trading, gasoline futures fell 3.04% $2.0327 a gallon by 10:37 AM ET (14:37 GMT), while heating oil lost 2.82% to $2.0733 a gallon.

Lastly, natural gas futures gained 0.47% to $2.765 per million British thermal units.

U.S. Retail Sales Rise 0.5% in June

Investing.com - Retail sales increased by a seasonally adjusted 0.5% last month, according to the U.S. Commerce Department, in line with expectations. It was the fifth consecutive monthly increase.

Retail sales for May were revised to a gain of 1.3% from a previously reported 0.8% increase.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy.

Core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4%, also in line with forecasts. Core sales rose 1.4% in the preceding month.

Core sales correspond most closely with the consumer spending component of the government's gross domestic product report. Consumer spending accounts for as much as 70% of U.S. economic growth.

Stocks- U.S. Futures Flat as Investors Look to Earnings

Investing.com – U.S. futures were flat as investors turn their focus to corporate earnings.

The S&P 500 futures fell half a point or 0.02% to 2,802.75 as of 6:49 AM ET (10:49 GMT) while Dow futures increased eight points or 0.03% to 25,012.0. Meanwhile tech heavy Nasdaq 100 futures gained six points or 0.08% to 7,399.25.

U.S. President Donald Trump wraps up his European tour on Monday with a one-on-one meeting with Russian President Vladimir Putin in Helsinki. Geopolitical analysts expect Putin to urge Trump to soften sanctions, while Trump has said he will discuss allegations of meddling in the 2016 election to the war in Syria.

Meanwhile earnings season continues in earnest on Monday, with Blackrock (NYSE:BLK) reporting higher than expected earnings results. Bank of America (NYSE:BAC) was up 0.53% after its financial results came in better than expected.

Netflix (NASDAQ:NFLX) is set to release its financial results after markets close. The streaming site rose 1.10% while Facebook (NASDAQ:FB) was up 0.24% and General Electric (NYSE:GE) inched up 0.36%. Microsoft (NASDAQ:MSFT) gained 0.47% and Cisco Systems (NASDAQ:CSCO) increased 0.34%.

Elsewhere Tesla (NASDAQ:TSLA) fell 0.90% as the luxury car maker announced its Model 3 is available for sale in all of North America, with expected delivery in one to three months.

In economic news, retail sales are set for 8:30 AM ET (12:30 GMT) while the New York Empire State Manufacturing Index comes out at the same time.

In Europe stocks were mostly down. Germany’s DAX rose 13 points or 0.10% while in France the CAC 40 decreased nine points or 0.18% and in London, the FTSE 100 fell 54 points or 0.71%. Meanwhile the pan-European Euro Stoxx 50 lost three points or 0.10% while Spain’s IBEX 35 inched down 18 points or 0.19%.

In commodities, gold futures rose 0.18% to $1,243.40 a troy ounce while crude oil futures decreased 1.83% to $68.67 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.14% to 94.31.

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.12%

Investing.com – Sri Lanka stocks were lower after the close on Monday, as losses in the Information Technology, Telecoms and Banking, Financials&Insurance sectors led shares lower.

At the close in Colombo, the CSE All-Share declined 0.12%.

The best performers of the session on the CSE All-Share were PCH Holdings PLC (CM:PCHH), which rose 40.00% or 0.200 points to trade at 0.700 at the close. Meanwhile, Amana Takaful PLC (CM:ATL) added 28.57% or 0.200 points to end at 0.900 and Associated Motor Finance Company PLC (CM:ASSO) was up 24.88% or 99.50 points to 499.50 in late trade.

The worst performers of the session were Blue Diamonds Jewellery Worldwide PLC (CM:BLUE), which fell 14.29% or 0.100 points to trade at 0.600 at the close. Shalimar Estates (CM:SHAL) declined 11.86% or 177.60 points to end at 1320.00 and Agstar PLC (CM:AGST) was down 10.26% or 0.40 points to 3.50.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 85 to 70 and 58 ended unchanged.

Shares in Blue Diamonds Jewellery Worldwide PLC (CM:BLUE) fell to all time lows; losing 14.29% or 0.100 to 0.600. Shares in Associated Motor Finance Company PLC (CM:ASSO) rose to 52-week highs; up 24.88% or 99.50 to 499.50.

Crude oil for September delivery was down 1.83% or 1.28 to $68.67 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.99% or 1.50 to hit $73.83 a barrel, while the August Gold Futures contract rose 0.21% or 2.60 to trade at $1243.80 a troy ounce.

GBP/LKR was up 0.56% to 212.030, while USD/LKR rose 0.19% to 159.860.

The US Dollar Index Futures was down 0.17% at 94.28.

Dollar Slips Lower, Euro Pushes Up to Day’s Highs

Investing.com - The dollar slipped lower against a currency basket on Monday, having posted its largest weekly gain in a month last week as investors turned their attention to U.S. retail sales figures for June later in the session.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slid 0.15% to 94.30 by 06:27 AM ET (10:27 AM GMT). The index rose 0.7% last week, its largest weekly percentage gain since mid-June.

Demand for the dollar continued to be underpinned as the risk of a further escalation in trade conflict and soft economic data out of China kept investors cautious.

Data overnight showed that China’s economy slowed in line with expectations in the second quarter, indicating that the trade dispute with the U.S. may be acting as a drag on growth.

Chinese GDP rose at an annual rate of 6.7% in the three months to June, down from 6.8% in the first quarter.

Also Monday, China said it had filed a complaint with the World Trade Organization over a U.S. threat to slap 10% tariffs on $200 billion of Chinese imports.

The move came after U.S. President Donald Trump alarmed European leaders over the weekend by declaring that the EU is a “foe” given how it trades with the U.S.

The euro rose to the day’s highs against the softer dollar, with EUR/USD adding on 0.2% to trade at 1.1709.

The dollar was little changed against the safe haven yen, with USD/JPY last at 112.38.

Investors were looking ahead to June retail sales figures from the U.S. later in the day.

The International Monetary Fund was also to release its latest World Economic Outlook later Monday.

Sterling pushed higher, with GBP/USD rising 0.21% to 1.3263 as investors continued to watch ongoing Brexit developments ahead of more crunch votes in the UK parliament this week, with Prime Minister Theresa May facing a rebellion from Brexit hardliners.

Economic Calendar: Top Things To Watch

Investing.com - On Monday, retail sales, business inventories and the New York Empire State Manufacturing Index are released.Earnings are due out from Netflix (NASDAQ:NFLX) (Monday), Goldman Sachs (NYSE:GS) (Tuesday), IBM (NYSE:IBM) (Wednesday) and Microsoft (NASDAQ:MSFT) (Thursday).On Tuesday, look for reports on capacity utilization, industrial production and the NAHB Housing Market Index. Fed Chairman Jerome Powell delivers his semi-annual monetary policy report to Congress on Tuesday and Wednesday.Housing starts and building permits are due out on Wednesday.

China stocks lower at close of trade; Shanghai Composite down 0.61%

Investing.com – China stocks were lower after the close on Monday, as losses in the Banking, Real Estate Investments&Services and Financials sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.61%, while the SZSE Component index declined 0.10%.

The best performers of the session on the Shanghai Composite were Baotailong New Materials Co Ltd (SS:601011), which rose 10.07% or 0.550 points to trade at 6.010 at the close. Meanwhile, Fangxing Sci (SS:600552) added 10.07% or 0.460 points to end at 5.030 and Nanjing Xinjiekou Department Store Co Ltd (SS:600682) was up 10.04% or 1.38 points to 15.13 in late trade.

The worst performers of the session were Anji Foodstuff Co Ltd (SS:603696), which fell 10.02% or 2.060 points to trade at 18.500 at the close. Fujian Furi Electronics Co Ltd (SS:600203) declined 10.01% or 0.71 points to end at 6.38 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) was down 10.00% or 0.790 points to 7.110.

The top performers on the SZSE Component were Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which rose 10.05% to 4.05, Shenzhen Shenxin Taifeng Group Co Ltd (SZ:000034) which was up 10.03% to settle at 15.69 and ZTE Corp (SZ:000063) which gained 10.00% to close at 15.51.

The worst performers were Inner Mongolia Hotision Monsod (SZ:300355) which was down 10.03% to 5.29 in late trade, Guangdong Eastone Century Technology Co Ltd (SZ:300310) which lost 10.00% to settle at 5.13 and BGI Genomics Co Ltd (SZ:300676) which was down 10.00% to 92.30 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 753 to 599 and 67 ended unchanged.

Shares in Anji Foodstuff Co Ltd (SS:603696) fell to 52-week lows; down 10.02% or 2.060 to 18.500. Shares in Fujian Furi Electronics Co Ltd (SS:600203) fell to 3-years lows; falling 10.01% or 0.71 to 6.38. Shares in Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) fell to 52-week lows; losing 10.00% or 0.790 to 7.110. Shares in Inner Mongolia Hotision Monsod (SZ:300355) fell to 52-week lows; down 10.03% or 0.59 to 5.29. Shares in Guangdong Eastone Century Technology Co Ltd (SZ:300310) fell to 3-years lows; losing 10.00% or 0.57 to 5.13.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.80.

Gold Futures for August delivery was up 0.10% or 1.30 to $1242.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.84% or 0.59 to hit $69.36 a barrel, while the September Brent oil contract fell 0.37% or 0.28 to trade at $75.05 a barrel.

USD/CNY was down 0.00% to 6.6899, while EUR/CNY rose 0.05% to 7.8231.

The US Dollar Index Futures was unchanged 0.00% at 94.44.

Taiwan stocks lower at close of trade; Taiwan Weighted down 0.43%

Investing.com – Taiwan stocks were lower after the close on Monday, as losses in the , Electricity and Electronic Parts/Components sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted fell 0.43%.

The best performers of the session on the Taiwan Weighted were Rexon Industrial Corp Ltd (TW:1515), which rose 9.97% or 4.35 points to trade at 48.00 at the close. Meanwhile, Century Iron And Steel Industrial Co Ltd (TW:9958) added 9.97% or 6.40 points to end at 70.60 and Advanced Power Electronics Corp (TW:8261) was up 9.90% or 5.00 points to 55.50 in late trade.

The worst performers of the session were Walsin Technology Corp (TW:2492), which fell 6.89% or 30.00 points to trade at 405.50 at the close. Tai Twun Enterprise Co Ltd (TW:3432) declined 6.41% or 1.35 points to end at 19.70 and Holy Stone Enterprise Co Ltd (TW:3026) was down 5.84% or 14.50 points to 234.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 422 to 371 and 120 ended unchanged.

Crude oil for September delivery was down 0.93% or 0.65 to $69.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.85% or 0.64 to hit $74.69 a barrel, while the August Gold Futures contract rose 0.30% or 3.70 to trade at $1244.90 a troy ounce.

USD/TWD was down 0.11% to 30.545, while TWD/CNY rose 0.09% to 0.2196.

The US Dollar Index Futures was down 0.12% at 94.33.

Australia stocks lower at close of trade; S&P/ASX 200 down 0.45%

Investing.com – Australia stocks were lower after the close on Monday, as losses in the Gold, Healthcare and A-REITs sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 lost 0.45%.

The best performers of the session on the S&P/ASX 200 were G8 Education Ltd (AX:GEM), which rose 5.88% or 0.140 points to trade at 2.520 at the close. Meanwhile, Inghams Group Ltd (AX:ING) added 4.53% or 0.17 points to end at 3.92 and Sigma Pharmaceuticals Ltd (AX:SIG) was up 4.21% or 0.020 points to 0.495 in late trade.

The worst performers of the session were Orocobre Ltd (AX:ORE), which fell 4.44% or 0.250 points to trade at 5.380 at the close. Evolution Mining Ltd (AX:EVN) declined 4.53% or 0.150 points to end at 3.160 and Western Areas Ltd (AX:WSA) was down 3.99% or 0.145 points to 3.485.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 604 to 575 and 350 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.27% to 12.619.

Gold Futures for August delivery was up 0.31% or 3.90 to $1245.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.73% or 0.51 to hit $69.44 a barrel, while the September Brent oil contract fell 0.62% or 0.47 to trade at $74.86 a barrel.

AUD/USD was up 0.15% to 0.7434, while AUD/JPY rose 0.18% to 83.56.

The US Dollar Index Futures was down 0.08% at 94.36.

Australian Dollar Falls after Weak China Data

Investing.com – The Australian Dollar depreciated against the dollar following the release of a slew of China data on Monday.

China’s economy expanded by 6.7% in the second quarter, its slowest pace since 2016, although the growth is still above the government’s target of “about 6.5%” growth for the year.

While the official GDP readings were largely in line with market expectations, the country’s industrial output grew 6% year-on-year in June, which was slower than the expected 6.5%. The weak industrial production was cited as the catalyst for the selling in the Aussie dollar, which is usually seen as a proxy for China.

The AUD/USD pair traded at 0.7412 by 12:30AM ET (04:30 GMT), after clocking a high of 0.7436 earlier today.

Retail sales on the other hand rose 9% year-on-year in June, beating the general consensus of a 8.8% increase, although its impact on the forex markets seemed to be limited.

Elsewhere, the USD/CNY pair slipped 0.03% to 6.6889. The People's Bank of China (PBOC) set the yuan reference rate at 6.6758 on Monday versus Friday's day's fix of 6.6727.

The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.03% at 94.41 on Monday.

The yen was little changed as the USD/JPY pair edged 0.03% higher to 112.45, hovering near a six-month high of 112.79 set on Friday.

U.S. President Donald Trump's summit with his Russian counterpart in Helsinki later in the day will also be closely watched, as Trump played down expectations over the weekend for the upcoming talks.

“No matter how well I do at the Summit, if I was given the great city of Moscow as retribution for all of the sins and evils committed by Russia over the years, I would return to criticism that it wasn’t good enough,” Trump said in a series of tweets.

Oil Prices Edge Lower; Trump-Putin Summit In Focus

Investing.com – Oil prices edged lower on Monday as traders awaited the outcome of the first offcial dialogue between U.S. President Donald Trump and Russian President Vladimir Putin summit in Helsinki later in the day.

Crude Oil WTI Futures for September delivery were trading at $69.53 a barrel at 12:05AM ET (04:05 GMT), down 0.6%. Brent Oil Futures for September delivery, traded in London, were also down 0.5% at $74.92 per barrel.

"A summit between U.S. President Trump and Russian President Putin is being watched in case they say something about oil," said Kim Kwang-rae, commodity analyst at Samsung (KS:005930) Futures in Seoul.

Trump has been vocal about his dissatisfaction with higher oil prices and has urged OPEC to lower prices earlier this month.

Reports that the U.S. is considering to rein in prices by tapping into its emergency crude supplies were also cited as headwind for oil prices.

The Trump’s administration is reportedly mulling the release of oil from the nation’s 660-million-barrel Strategic Petroleum Reserve to stabilize rallying gasoline prices.

The continued trade concerns between the U.S. and China remained in focus, as traders fear the development could threaten global demand.

Treasury Secretary Steven Mnuchin said on Thursday that he and the administration are “available” for discussion, but China must first agree to deeper economic reforms. 

“To the extent that China wants to make structural changes, I and the administration are available,” Mnuchin said on Thursday. “We are not advocating tariffs. We are advocating fair trade.” 

Meanwhile, Supply disruptions resulting from strike actions in Norway and Iraq eased on Monday, while reports that Libyan ports resumed export activities pushed oil prices lower.

"Crude oil prices fell as fears of supply disruptions eased. News that Libya's state oil producer had restarted output from a major oil field ignited the selloff earlier in the week," ANZ Bank said in a note.

Bitcoin Rises; South Korea’s Bithumb to Expand into Japan, Thailand

Investing.com – Bitcoin and other major cryptocurrencies rose on Monday, while reports that South Korea's second largest crypto exchange Bithumb is expanding into Japan and Thailand raised some eyebrows.

Bitcoin was trading at $6,370.8 by 11:40PM ET (03:40 GMT) on the Bitfinex exchange, up 1.6% in the last 24 hours.

Ethereum, the world’s second largest cryptocurrency by market cap, gained 3.2% to $448.8 on the Bitifinex exchange.

Ripple’s XRP token was also up 1.9% to $0.44643 on the Poloniex exchange.

Meanwhile, Litecoin climbed 1.9% and traded at $78.6.

Bithumb announced over the weekend that it is currently working on obtaining regulatory approval from the financial regulators of both Thailand and Japan.

The South Korea-based exchange said it has already established a Thai subsidiary with registered capital of 3 million baht, and that it expects services in Thailand to beginning at the end of October.

Meanwhile, the exchange is also applying for approval from Japan’s FSA in order to open an exchange in the country in February 2019. “It plans to set up an exchange that supports the largest number of coins in Japan,” a local publication revealed.

Bithumb said it was looking for partners for its global expansion earlier this year.

“Bithumb is preparing exchange platforms for countries under the global expansion plan and we are looking for great and potential partners (corporation, entity or group) worldwide…The exchange platforms under final development stages are USD / JYP / EUR / CNY / INR / GBP / AUD / CAD / PHP / RUB and [there] will be more soon when there are any service demands,” The exchange said earlier this year.

South Korea media outlet reported that Bithumb has also established a subsidiary in Singapore and Britain. “We are considering establishing overseas subsidiaries in various countries such as the U.S. and Europe, but the time has not yet been determined,” the exchange clarified.