MARKET REVIEW

Peru stocks higher at close of trade; S&P Lima General up 0.45%

Investing.com – Peru stocks were higher after the close on Friday, as gains in the Mining, Food&Beverages and Telecoms sectors led shares higher.

At the close in Lima, the S&P Lima General gained 0.45%.

The best performers of the session on the S&P Lima General were Austral Group SAA (LM:AUG), which rose 5.63% or 0.080 points to trade at 1.500 at the close. Meanwhile, Corporacion Aceros Arequipa SA (LM:ARE) added 2.98% or 0.020 points to end at 0.690 and Southern Copper Corp (LM:SPC) was up 2.77% or 0.94 points to 34.89 in late trade.

The worst performers of the session were Backus Johnsto (LM:BKJi), which fell 2.35% or 0.400 points to trade at 16.600 at the close. Candente Copper (LM:DNT) declined 2.17% or 0.0010 points to end at 0.0450 and Grana Y Monter (LM:GRA) was down 1.91% or 0.040 points to 2.060.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 15 to 9 and 9 ended unchanged.

Shares in Candente Copper (LM:DNT) fell to 52-week lows; falling 2.17% or 0.0010 to 0.0450.

Crude oil for August delivery was up 0.89% or 0.38 to $43.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.97% or 0.44 to hit $45.66 a barrel, while the August Gold Futures contract rose 0.71% or 8.91 to trade at $1258.31 a troy ounce.

USD/PEN was down 0.11% to 3.2560, while EUR/PEN fell 0.02% to 3.6454.

The US Dollar Index Futures was down 0.29% at 96.98.

Brazil stocks lower at close of trade; Bovespa down 0.30%

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Public Utilities, Financials and Electric Power sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 0.30%.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 4.22% or 0.17 points to trade at 4.20 at the close. Meanwhile, Gerdau SA Pref (SA:GGBR4) added 3.63% or 0.34 points to end at 9.70 and Estacio Participacoes SA (SA:ESTC3) was up 3.43% or 0.52 points to 15.68 in late trade.

The worst performers of the session were Centrais Eletricas Brasileiras SA (SA:ELET3), which fell 4.92% or 0.62 points to trade at 11.99 at the close. Fibria Celulose SA (SA:FIBR3) declined 3.57% or 1.26 points to end at 34.05 and Centrais Eletricas Brasileiras SA (SA:ELET6) was down 3.39% or 0.56 points to 15.94.

Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 184 to 158 and 42 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.20% to 29.95 a new 1-month low.

Gold Futures for August delivery was up 0.66% or 8.21 to $1257.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.82% or 0.35 to hit $43.09 a barrel, while the September US coffee C contract rose 5.46% or 6.38 to trade at $123.30 .

USD/BRL was down 0.03% to 3.3413, while EUR/BRL rose 0.36% to 3.7413.

The US Dollar Index Futures was down 0.32% at 96.95.

US stocks close mostly higher as Nasdaq posts weekly gain

Investing.com – U.S. stocks closed mostly higher on Friday, as upbeat new home sales data eased concerns about a slowdown in the housing market while a rebound in oil prices helped energy snap a four-day losing streak, lifting the broader market into positive territory.

On the New York Mercantile Exchange crude futures for August delivery rose 27 cents to settle at $43.01 a barrel but oil prices remained in bear market territory, down roughly 20% since the turn of the year.

New home sales, which make up about 10% of all U.S. home sales, increased 2.9% to a seasonally adjusted rate of 610,000 units last month, The Commerce Department said on Friday. April's sales pace was also revised sharply higher to 593,000 units from 569,000 units.

Analysts had forecast U.S. existing home sales rising 5.4% to a pace of 597,000 units last month.

Investors also kept a close eye on health care stocks, which closed about 3% higher for the week ahead of the Senate’s vote on a healthcare bill next week, which aims to repeal and replace Obamacare.

A flurry of comments from Federal Reserve officials failed to draw significant moves in equity markets as St. Louis Fed President James Bullard was the only Fed official who commented on monetary policy.

Bullard said that the Fed can afford to stop raising short-term interest rates and wait and see how economy develops.

The Dow Jones Industrial Average closed at 21,394.76. The S&P 500 closed 0.13% higher while the Nasdaq Composite closed at 5,811, up 0.44%.

The ‘Bulls and Bears’ on Wall Street

The top Dow gainers for the session: EQT Corporation (NYSE:EQT) up 1.7%, Boeing Co (NYSE:BA) up 1.4%, while Microsoft Corporation (NASDAQ:MSFT) rose 1.4%.

Home Depot Inc (NYSE:HD) down 0.9 %, Goldman Sachs Group Inc (NYSE:GS) down 1.2% and Wal-Mart Stores Inc (NYSE:WMT) down 0.9%, were among the worst Dow performers of the session.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.01%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.01%, while the S&P 500 index added 0.16%, and the NASDAQ Composite index gained 0.46%.

The best performers of the session on the Dow Jones Industrial Average were Visa Inc (NYSE:V), which rose 1.73% or 1.62 points to trade at 95.58 at the close. Meanwhile, Boeing Co (NYSE:BA) added 1.40% or 2.79 points to end at 202.23 and Microsoft Corporation (NASDAQ:MSFT) was up 1.35% or 0.95 points to 71.21 in late trade.

The worst performers of the session were Home Depot Inc (NYSE:HD), which fell 2.68% or 4.17 points to trade at 151.31 at the close. Goldman Sachs Group Inc (NYSE:GS) declined 1.17% or 2.58 points to end at 217.19 and Wal-Mart Stores Inc (NYSE:WMT) was down 0.90% or 0.68 points to 74.84.

The top performers on the S&P 500 were Frontier Communications Corporation (NASDAQ:FTR) which rose 8.93% to 1.22, EQT Corporation (NYSE:EQT) which was up 8.00% to settle at 56.19 and Southwestern Energy Company (NYSE:SWN) which gained 4.23% to close at 5.79.

The worst performers were Bed Bath&Beyond Inc (NASDAQ:BBBY) which was down 12.12% to 29.65 in late trade, Sysco Corporation (NYSE:SYY) which lost 5.42% to settle at 49.92 and Whirlpool Corporation (NYSE:WHR) which was down 3.32% to 188.68 at the close.

The top performers on the NASDAQ Composite were AVEO Pharmaceuticals Inc (NASDAQ:AVEO) which rose 71.75% to 1.2500, Marathon Patent Group Inc (NASDAQ:MARA) which was up 52.27% to settle at 0.335 and Portola Pharmaceuticals Inc (NASDAQ:PTLA) which gained 46.75% to close at 56.13.

The worst performers were Top Ships Inc (NASDAQ:TOPS) which was down 66.67% to 0.8000 in late trade, Sphere 3D Corp (NASDAQ:ANY) which lost 33.31% to settle at 0.171 and Delcath Systems Inc (NASDAQ:DCTH) which was down 32.26% to 0.1600 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2146 to 1064 and 35 ended unchanged; on the Nasdaq Stock Exchange, 1623 rose and 912 declined, while 81 ended unchanged.

Shares in Bed Bath&Beyond Inc (NASDAQ:BBBY) fell to 5-year lows; falling 12.12% or 4.09 to 29.65. Shares in Boeing Co (NYSE:BA) rose to all time highs; rising 1.40% or 2.79 to 202.23. Shares in AVEO Pharmaceuticals Inc (NASDAQ:AVEO) rose to 52-week highs; up 71.75% or 0.5222 to 1.2500. Shares in Portola Pharmaceuticals Inc (NASDAQ:PTLA) rose to 52-week highs; rising 46.75% or 17.88 to 56.13.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.91% to 10.07.

Gold Futures for August delivery was up 0.66% or 8.21 to $1257.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.89% or 0.38 to hit $43.12 a barrel, while the August Brent oil contract rose 1.02% or 0.46 to trade at $45.68 a barrel.

EUR/USD was up 0.40% to 1.1197, while USD/JPY fell 0.03% to 111.30.

The US Dollar Index Futures was down 0.31% at 96.96.

Bitcoin and ethereum struggle to add to gains

Investing.com – Prices of both bitcoin and ethereum struggled to add to gains on Friday, as investors appeared to take profit on the recent rally that has seen both cryptocurrencies touch record highs.

On the U.S.-based GDAX exchange, BTC/USD fell to $2,707.2, down 0.28%.

Other big exchanges such as Poloniex, Bitfinex and BitStamp also showed the cryptocurrency trading around the $2,700-level.

Bitcoin has struggled to recover after falling from its peak of $3,000, as both profit taking and rising fears that the digital currency could be overvalued has weighed on sentiment.

Meanwhile, Ether, a currency transacted through the Ethereum platform, gained 1.89% to $324.83 but remained on track to post its first loss in three weeks.

Ethereum’s popularity has soared in a short space of time and the cryptocurrency boasts large corporate backers such as JPMorgan and Microsoft that share investors’ belief that ethereum empowers its users to “codify, decentralize, secure and trade just about anything.”

Over the past year, ethereum and bitcoin have gained roughly 2306% and 340%, respectively.

Crude futures post fifth weekly loss as oversupply jitters persist

Investing.com – Crude futures settled higher on Friday, but posted a fifth-weekly loss as investors continued to fret about the glut in supply while the number of active U.S. drilling rigs rose for a 23rd straight week.

On the New York Mercantile Exchange crude futures for August delivery rose 27 cents to settle at $43.01 a barrel, while on London's Intercontinental Exchange, Brent added 30 cents to trade at $45.52 a barrel.

Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc said in a report on Friday.

The report from Baker Hughes comes in the wake of growing fears that the oversupply problem in the market will continue despite Opec and its allies’ high compliance with the global deal to curb production.

In May, Opec and non-Opec members agreed to extend production cuts for a period of nine months until March, but stuck to production cuts of 1.8 million bpd agreed in November last year.

A monitoring committee made up of OPEC members and producers outside the group on Thursday said compliance to the deal reached 106% in May, the highest since the deal was first clinched late last year.

Sentiment on oil turned soured this week amid significant selling pressure, as prices entered bear market territory, falling 20% since the turn of the year.

Nigeria stocks lower at close of trade; NSE 30 down 2.22%

Investing.com – Nigeria stocks were lower after the close on Friday, as losses in the Food, Beverages&Tobacco, Banking and Insurance sectors led shares lower.

At the close in Lagos, the NSE 30 lost 2.22%.

The best performers of the session on the NSE 30 were Guiness Nig (LAGOS:GUINNES), which rose 2.10% or 1.50 points to trade at 73.00 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 1.56% or 0.09 points to end at 5.81 and Stanbicibtc Hl (LAGOS:IBTC) was up 1.31% or 0.40 points to 31.00 in late trade.

The worst performers of the session were Unilever Nig (LAGOS:UNILEVE), which fell 9.72% or 4.18 points to trade at 38.81 at the close. Wemabank (LAGOS:WEMABAN) declined 1.64% or 0.010 points to end at 0.570 and Wapco (LAGOS:WAPCO) was down 4.99% or 2.55 points to 48.60.

Falling stocks outnumbered advancing ones on the Lagos by 58 to 33 and 29 ended unchanged.

Crude oil for August delivery was up 0.23% or 0.10 to $42.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.35% or 0.16 to hit $45.38 a barrel, while the August Gold Futures contract rose 0.65% or 8.18 to trade at $1257.58 a troy ounce.

EUR/NGN was up 0.01% to 352.010, while USD/NGN fell 0.15% to 324.000.

The US Dollar Index Futures was down 0.31% at 96.96.

Dollar ticks lower as investors await comments from Fed officials

Investing.com – The dollar fell against a basket of global currencies despite upbeat housing data on Friday easing worries about a slowdown in the housing market while investors awaited a flurry of comments from Fed officials.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.31% to 96.96

New home sales, which make up about 10% of all U.S. home sales, increased 2.9% to a seasonally adjusted rate of 610,000 units last month, The Commerce Department said on Friday. April's sales pace was also revised sharply higher to 593,000 units from 569,000 units.

Analysts had forecast U.S. existing home sales rising 5.4% to a pace of 597,000 units last month.

The dollar struggled, however, to pair losses as investors shifted attention to monetary policy with several Federal Reserve officials slated for a public appearance.

Earlier during the session, St. Louis Fed President James Bullard said that the Fed can afford to stop raising short-term interest rates and wait and see how the economy develops.

Speeches from FOMC Members Loretta Mester and Jorome Powell are slated for later in the session.

The euro and sterling were the main beneficiaries of the slump in the greenback.

GBP/USD rose by 0.37% to $1.2729, as investor optimism grew that the Bank of England could raise rates soon in the wake of comments from BoE chief Andy Haldane earlier in the week suggesting that UK central bank should consider raising rates.

EUR/USD tacked on 0.39% to $1.1195, while EUR/GBP added 0.05% to $0.8797.

USD/CAD traded at C$1.3265, up 0.23%, as oil prices remained on track to end the week in negative weighing on the oil-linked Canadian dollar.

The dollar traded roughly flat against its Japanese counterpart, with USD/JPY at Y111.30.

Portugal stocks lower at close of trade; PSI 20 down 0.85%

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

At the close in Lisbon, the PSI 20 declined 0.85% to hit a new 1-month low.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 1.00% or 0.0030 points to trade at 0.3040 at the close. Meanwhile, Nos SGPS SA (LS:NOS) added 0.53% or 0.0290 points to end at 5.5040 and Galp Energia Nom (LS:GALP) was up 0.08% or 0.0100 points to 13.1150 in late trade.

The worst performers of the session were Montepio (LS:MPIO), which fell 4.40% or 0.022 points to trade at 0.478 at the close. Sonae (LS:YSO) declined 2.20% or 0.0210 points to end at 0.9330 and Banco Comercial Portugues (LS:BCP) was down 2.16% or 0.0051 points to 0.2314.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 31 to 8 and 5 ended unchanged.

Brent oil for August delivery was up 0.80% or 0.36 to $45.58 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.73% or 0.31 to hit $43.05 a barrel, while the August Gold Futures contract rose 0.61% or 7.62 to trade at $1257.02 a troy ounce.

EUR/USD was up 0.40% to 1.1197, while EUR/GBP rose 0.05% to 0.8797.

The US Dollar Index Futures was down 0.33% at 96.94.

Spain stocks lower at close of trade; IBEX 35 down 0.74%

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

At the close in Madrid, the IBEX 35 lost 0.74% to hit a new 1-month low.

The best performers of the session on the IBEX 35 were Acerinox (MC:ACX), which rose 1.22% or 0.145 points to trade at 12.050 at the close. Meanwhile, Indra A (MC:IDR) added 1.08% or 0.140 points to end at 13.100 and International Consolidated Airlines Group SA (MC:ICAG) was up 0.75% or 0.051 points to 6.821 in late trade.

The worst performers of the session were B. Sabadell (MC:SABE), which fell 2.18% or 0.038 points to trade at 1.708 at the close. Grifols SA (MC:GRLS) declined 2.07% or 0.555 points to end at 26.245 and Caixabank SA (MC:CABK) was down 1.97% or 0.081 points to 4.030.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 95 to 63 and 21 ended unchanged.

Gold Futures for August delivery was up 0.64% or 7.95 to $1257.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.56% or 0.24 to hit $42.98 a barrel, while the August Brent oil contract rose 0.66% or 0.30 to trade at $45.52 a barrel.

EUR/USD was up 0.39% to 1.1195, while EUR/GBP rose 0.01% to 0.8794.

The US Dollar Index Futures was down 0.31% at 96.96.

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

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

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

The best performers of the session on the AEX were Koninklijke Ahold Delhaize NV (AS:AD), which rose 3.70% or 0.61 points to trade at 17.09 at the close. Meanwhile, ASML Holding NV (AS:ASML) added 2.30% or 2.70 points to end at 120.00 and Koninklijke Boskalis Westminster NV (AS:BOSN) was up 0.98% or 0.28 points to 29.45 in late trade.

The worst performers of the session were NN Group NV (AS:NN), which fell 4.02% or 1.27 points to trade at 30.44 at the close. Randstad Holding NV (AS:RAND) declined 3.63% or 1.93 points to end at 51.19 and Koninklijke KPN NV (AS:KPN) was down 3.40% or 0.103 points to 2.926.

Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 69 to 52 and 13 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 1.63% to 12.00.

Crude oil for August delivery was up 0.56% or 0.24 to $42.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.64% or 0.29 to hit $45.51 a barrel, while the August Gold Futures contract rose 0.62% or 7.78 to trade at $1257.18 a troy ounce.

EUR/USD was up 0.38% to 1.1194, while EUR/GBP rose 0.01% to 0.8794.

The US Dollar Index Futures was down 0.30% at 96.97.

Russia stocks higher at close of trade; MICEX up 0.40%

Investing.com – Russia stocks were higher after the close on Friday, as gains in the Mining, Telecoms and Power sectors led shares higher.

At the close in Moscow, the MICEX gained 0.40%.

The best performers of the session on the MICEX were DIXY Group ao (MCX:DIXY), which rose 5.31% or 10.80 points to trade at 214.00 at the close. Meanwhile, AFK Sistema (MCX:AFKS) added 4.48% or 0.600 points to end at 14.000 and Uralkaliy (MCX:URKA) was up 4.31% or 5.30 points to 128.30 in late trade.

The worst performers of the session were Aeroflot (MCX:AFLT), which fell 1.52% or 2.95 points to trade at 191.35 at the close. Magnit (MCX:MGNT) declined 0.54% or 50.0 points to end at 9280.0 and Gazprom PAO (MCX:GAZP) was down 0.38% or 0.45 points to 119.10.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 127 to 87 and 17 ended unchanged.

The Russian VIX, which measures the implied volatility of MICEX options, was down 1.77% to 22.810.

Gold Futures for August delivery was up 0.62% or 7.80 to $1257.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.56% or 0.24 to hit $42.98 a barrel, while the August Brent oil contract rose 0.64% or 0.29 to trade at $45.51 a barrel.

USD/RUB was down 0.90% to 59.4063, while EUR/RUB fell 0.42% to 66.6580.

The US Dollar Index Futures was down 0.30% at 96.97.

Belgium stocks lower at close of trade; BEL 20 down 0.25%

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

At the close in Brussels, the BEL 20 fell 0.25% to hit a new 1-month low.

The best performers of the session on the BEL 20 were Aperam SA (AS:APAM), which rose 1.22% or 0.49 points to trade at 40.91 at the close. Meanwhile, Etablissementen Fr Colruyt NV (BR:COLR) added 0.95% or 0.41 points to end at 44.29 and Engie SA (PA:ENGIE) was up 0.94% or 0.13 points to 13.91 in late trade.

The worst performers of the session were UCB (BR:UCB), which fell 1.48% or 0.93 points to trade at 62.01 at the close. Galapagos NV (AS:GLPG) declined 1.36% or 0.960 points to end at 69.760 and Anheuser Busch Inbev SA NV (BR:ABI) was down 1.22% or 1.25 points to 100.95.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 61 to 53 and 9 ended unchanged.

Gold Futures for August delivery was up 0.63% or 7.83 to $1257.23 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.73% or 0.31 to hit $43.05 a barrel, while the August Brent oil contract rose 0.80% or 0.36 to trade at $45.58 a barrel.

EUR/USD was up 0.39% to 1.1196, while EUR/GBP rose 0.05% to 0.8797.

The US Dollar Index Futures was down 0.32% at 96.95.

Germany stocks lower at close of trade; DAX down 0.47%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Food&Beverages, Utilities and Pharmaceuticals&Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.47%, while the MDAX index fell 0.28%, and the TecDAX index fell 0.75%.

The best performers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 0.68% or 0.125 points to trade at 18.630 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 0.56% or 0.20 points to end at 35.60 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 0.28% or 0.055 points to 19.660 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 2.88% or 0.565 points to trade at 19.070 at the close. E.ON SE NA (DE:EONGn) declined 1.35% or 0.122 points to end at 8.905 and Linde AG O.N. (DE:LING) was down 1.18% or 2.05 points to 171.15.

The top performers on the MDAX were Metro AG ST O.N. (DE:MEOG) which rose 3.83% to 29.800, Salzgitter AG (DE:SZGG) which was up 3.72% to settle at 35.840 and Stroeer SE (DE:SAXG) which gained 2.50% to close at 55.270.

The worst performers were Suedzucker AG (DE:SZUG) which was down 5.33% to 18.735 in late trade, Zalando SE (DE:ZALG) which lost 3.64% to settle at 41.02 and Deutsche Pfandbriefbank AG (DE:PBBG) which was down 2.75% to 10.41 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE:COKG) which rose 3.38% to 54.800, Aixtron SE (DE:AIXGn) which was up 2.82% to settle at 5.970 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 1.71% to close at 51.650.

The worst performers were Wirecard AG (DE:WDIG) which was down 3.39% to 58.110 in late trade, Nordex SE O.N. (DE:NDXG) which lost 3.06% to settle at 10.285 and Morphosys AG O.N. (DE:MORG) which was down 2.13% to 63.060 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 440 to 298 and 21 ended unchanged.

Shares in Nordex SE O.N. (DE:NDXG) fell to 3-years lows; falling 3.06% or 0.325 to 10.285.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.97% to 12.99.

Gold Futures for August delivery was up 0.62% or 7.79 to $1257.19 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.73% or 0.31 to hit $43.05 a barrel, while the August Brent oil contract rose 0.77% or 0.35 to trade at $45.57 a barrel.

EUR/USD was up 0.40% to 1.1197, while EUR/GBP rose 0.03% to 0.8796.

The US Dollar Index Futures was down 0.32% at 96.95.

Turkey stocks lower at close of trade; BIST 100 down 0.43%

Investing.com – Turkey stocks were lower after the close on Friday, as losses in the Food&Beverages, Textile&Leather and Tourism sectors led shares lower.

At the close in Istanbul, the BIST 100 lost 0.43%.

The best performers of the session on the BIST 100 were Koza Altin Isletmeleri AS (IS:KOZAL), which rose 7.91% or 1.48 points to trade at 20.18 at the close. Meanwhile, Koza Anadolu Metal Madencilik Isletmeleri AS (IS:KOZAA) added 5.73% or 0.150 points to end at 2.770 and SASA Polyester Sanayi AS (IS:SASA) was up 4.93% or 0.340 points to 7.240 in late trade.

The worst performers of the session were Anadolu Efes Biracilik ve Malt Sanayi AS (IS:AEFES), which fell 3.67% or 0.82 points to trade at 21.50 at the close. Gozde Girisim Sermayesi Yatirim Ortakligi AS (IS:GOZDE) declined 2.91% or 0.080 points to end at 2.670 and ODAS Elektrik Uretim Sanayi Ticaret AS (IS:ODAS) was down 2.72% or 0.150 points to 5.360.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 184 to 160 and 63 ended unchanged.

Gold Futures for August delivery was up 0.64% or 7.96 to $1257.36 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.80% or 0.34 to hit $43.08 a barrel, while the August Brent oil contract rose 0.82% or 0.37 to trade at $45.59 a barrel.

USD/TRY was down 0.08% to 3.5064, while EUR/TRY rose 0.17% to 3.9264.

The US Dollar Index Futures was down 0.33% at 96.94.

Greece stocks higher at close of trade; Athens General-Composite up 0.47%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Chemicals, Banking and Food sectors led shares higher.

At the close in Athens, the Athens General-Composite added 0.47%.

The best performers of the session on the Athens General-Composite were Select Textile (AT:EPIr), which rose 9.72% or 0.021 points to trade at 0.230 at the close. Meanwhile, Attica Bank SA (AT:BOAr) added 8.26% or 0.009 points to end at 0.118 and Lamda Develop (AT:LMDr) was up 5.64% or 0.330 points to 6.180 in late trade.

The worst performers of the session were Profile Syst (AT:PRFr), which fell 4.98% or 0.033 points to trade at 0.630 at the close. Selonda Aquaculture SA (AT:SELr) declined 3.06% or 0.0070 points to end at 0.2250 and Centric Hold (AT:DESr) was down 2.46% or 0.003 points to 0.119.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 62 to 46 and 10 ended unchanged.

Shares in Select Textile (AT:EPIr) rose to 52-week highs; gaining 9.72% or 0.021 to 0.230. Shares in Lamda Develop (AT:LMDr) rose to 3-years highs; gaining 5.64% or 0.330 to 6.180.

Gold Futures for August delivery was up 0.68% or 8.49 to $1257.89 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.68% or 0.29 to hit $43.03 a barrel, while the August Brent oil contract rose 0.73% or 0.33 to trade at $45.55 a barrel.

EUR/USD was up 0.42% to 1.1199, while EUR/GBP rose 0.02% to 0.8795.

The US Dollar Index Futures was down 0.34% at 96.93.

U.S. stocks tick higher in volatile trade, Fed remarks ahead

Investing.com – Wall Street saw choppy trade around the unchanged mark for most of Friday, though shares last registered slight gains, as investors looked ahead to appearances from several members of the Federal Reserve (Fed) and watched oil claw back some of this week’s losses.

At 10:52AM ET (14:52GMT), the Dow Jones edged forward 17 points, or 0.08%, the S&P 500 rose 5 points, or 0.22%, while the Nasdaq Composite traded up 16 points, or 0.25%.

Stocks seemed reluctant to move far across the unchanged mark as they wavered back and forth between slight gains and losses throughout Friday’s session and investors waited for remarks from several Fed officials as they looked to gauge the future path of U.S. monetary policy in an economy marked by tepid inflation.

St. Louis Fed chief James Bullard was scheduled to discuss the U.S. economy and policy at a conference at 11:15AM ET (15:15GMT).

Cleveland Fed president Loretta Mester will be the keynote speaker at a summit on housing, human capital and inequality at 12:40PM ET (16:40GMT).

Fed governor Jerome Powell will participate in a symposium organized by the Chicago Fed at 2:15PM ET (18:15GMT).

New York Fed president William Dudley will participate this coming weekend in a panel discussion organized by the Bank for International Settlements at 8:15AM ET (12:15GMT) on Sunday.

Markets remained skeptical that the U.S. central bank would manage to hike rates for a third time this year with Fed fund futures not putting the odds near the 50% threshold until March 2018, according to Investing.com’s Fed Rate Monitor Tool.

Data released Friday gave mixed readings as business activity in both the manufacturing and services sectors unexpectedly slowed in June, although IHS Markit indicated that there was some room for optimism as new orders increased at their fastest pace in five months.

On the positive side, the number of new home sales rose to a better-than-expected 610,000 units in May.

Meanwhile, oil managed to edge higher on Friday but was still on track for weekly losses of close to 4%.

Crude looked to log its fifth straight weekly decline, under pressure from concerns the OPEC/non-OPEC agreement to cut production would be offset by increases from members exempt from the reduction as well as a continuous rise in output from U.S. shale.

The number of rigs drilling for oil in the U.S. has increased for 22 straight weeks with the latest figures due on Friday from oilfield services firm Baker Hughes as investors waited to see if recent price drops in crude will be enough to cause a re-think on drilling plans.

U.S. crude futures gained 0.75% to $43.06 by 10:54AM ET (14:54GMT), while Brent oil rose 0.82% to $45.59.

On the earnings front, shares in Bed Bath & Beyond (NASDAQ:BBBY) tanked nearly 12% on Friday after reporting a 39% in quarterly profit after the prior days close.

U.S. shares of BlackBerry (NASDAQ:BBRY) (TO:BB) tumbled more than 12% after the Canadian firm reported first-quarter sales that missed analysts' forecasts due to an unexpected drop in its high-margin software and professional services sale.

New home sales 610K vs. 597K forecast

New home sales in the U.S. rose more-than-expected last month, official data showed on Friday.

In a report, the Census Bureau said that new home sales rose to a seasonally adjusted annual rate of 610K, from 593K in the preceding month whose figure was revised up from 569K.

Analysts had expected new home sales to rise to 597K last month.

U.S. business activity unexpectedly slows in June - Markit

Investing.com – Business activity in the U.S. private sector slowed in June, dampening optimism over the American economy, according to preliminary data released on Friday.

In a report, market research group ISH Markit said that its flash services purchasing managers’ index (PMI) fell to 53.0 in June, from the prior month’s reading of 53.6. That was a three-month low.

Analysts had expected the reading to recover to 53.7.

Services make up approximately 80% of the U.S. economy which makes the data key for interpreting growth.

Markit also said that its flash manufacturing purchasing managers’ index (PMI) dropped to 52.1 in June from the prior month’s final reading of 52.7. That was a nine-month low.

Analysts had expected a slight increase to 53.0.

On the indices, a reading above 50.0 indicates expansion, below indicates contraction.

The composite PMI, including activity in both sectors, fell to 53.0 in June from the previous month’s reading of 53.6.

Still, the report indicated that new orders left some room to be optimistic over the future as new orders rose at the strongest pace in five months.

IHS Markit chief economist Chris Williamson said warned that though growth would likely be higher than in the first quarter, “the relatively subdued PMI readings suggest there are some downside risks to the extent to which GDP will rebound.”

After the report, EUR/USD was trading at 1.1186 from around 1.1182 ahead of the release of the data, GBP/USD was at 1.2714 from 1.2713 earlier, while USD/JPY traded at 111.20 compared to 111.21 before the release.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.04, compared to 97.08 ahead of the report.

Meanwhile, U.S. stocks were trading slightly lower after the open. The Dow 30 fell 45 points or 0.21%, the S&P 500 lost 2 points, or 0.10%, while the tech-heavy Nasdaq Composite traded down 16 points or 0.25%.

Elsewhere, in the commodities market, gold futures traded at $1,258.32 a troy ounce, compared to $1,258.42 ahead of the data, while U.S. crude oil changed hands at $42.64, compared to $42.66 earlier.

Mexican retail sales 1.4% vs. 3.0% forecast

Retail sales in Mexico fell more-than-expected last month, official data showed on Friday.

In a report, Insituto Nacional de Estadistica Y Geografia said that Mexican Retail Sales fell to a seasonally adjusted 1.4%, from 6.1% in the preceding month.

Analysts had expected Mexican Retail Sales to fall to 3.0% last month.

Canadian inflation rises less than expected in May

Investing.com – Canadian inflation increased less than expected in May, according to official data released on Friday.

According to the report from Statistics Canada, consumer price index (CPI) for May increased 0.1% from the previous month, compared to forecasts for a 0.2% rise and after a 0.4% increase in April.

Year-on-year, CPI advanced 1.3% last month, compared to expectations for a 1.5% rise and an increase of 1.6% in April.

Core inflation, which excludes food and energy, rose by 0.1% in May, after a previous flat reading.

Year-on-year, core CPI advanced 0.9% in May, compared to a 1.1% increase in the previous month.

The BoC’s next monetary policy announcement is scheduled for Wednesday, July 12.

After the report, which was released simultaneously with U.S. durable goods orders, USD/CAD traded at 1.3283, compared to 1.3225 prior to the release.

Canadian core CPI 0.1%

Canadian core consumer price inflation rose last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian core CPI rose to a seasonally adjusted 0.1%, from 0.0% in the preceding month.

Analysts had expected Canadian core CPI to last month.

Oil recovery loses steam as supply concerns persist

Investing.com - A modest recovery by oil Friday from 10-month lows lost steam as the commodity remained on track for its fifth weekly loss in a row as supply concerns persist.
U.S. crude was up 7 cents, or 0.16%, at $42.81 at 07:10 ET. Brent was up 9 cents, or 0.20%, to $45.31.
An increase in U.S. output has undermined the impact on inventories of output cuts by major producers.
OPEC and non-OPEC producers have agreed to curb output by 1.8 million barrels a day.
The accord was extended in May for another nine months to March of next year.
Baker Hughes U.S. rig count data are due out later in the session.
Nigeria and Libya, which were exempt from the OPEC-led cuts, have also increased production.

U.S. stock futures muted ahead of data, Fed speakers

Investing.com – Wall Street futures pointed to a lower open on Friday as investors looked ahead to economic data and a series of appearances from Federal Reserve (Fed) policymakers.

The blue-chip Dow futures fell 51 points, or 0.24%, at 6:51AM ET (10:51GMT), the S&P 500 futures slipped 1 point, or 0.03%, while the tech-heavy Nasdaq 100 futures dropped 9 points, or 0.15%.

Market participants will digest remarks from several Fed officials throughout Friday as they look to gauge the future path of U.S. monetary policy in an economy marked by tepid inflation.

St. Louis Fed chief James Bullard was scheduled to discuss the U.S. economy and policy at a conference at 11:15AM ET (15:15GMT).

Cleveland Fed president Loretta Mester will be the keynote speaker at a summit on housing, human capital and inequality at 12:40PM ET (16:40GMT).

Fed governor Jerome Powell will participate in a symposium organized by the Chicago Fed at 2:15PM ET (18:15GMT).

Markets remained skeptical that the U.S. central bank would manage to hike rates for a third time this year with Fed fund futures not putting the odds near the 50% threshold until March 2018, according to Investing.com’s Fed Rate Monitor Tool.

Investors also looked ahead to data points scheduled for release later in the session.

IHS Markit will release preliminary figures for June in both the manufacturing and services sectors at 9:45AM ET (13:45GMT).

A mere 15 minutes later, investors will gauge the real estate market with the publication of new home sales which were expected to have bounced back in May after a sharp decline the prior month.

While markets waited for the day’s major references stateside, the dollar traded lower ahead of the weekend. At 6:52AM ET (10:52GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% at 97.10.

Meanwhile, oil managed to edge higher on Friday but was still on track for weekly losses of 4%.

Crude looked to log its fifth straight weekly decline, under pressure from concerns the OPEC/non-OPEC agreement to cut production would be offset by increases from members exempt from the reduction as well as a continuous rise in output from U.S. shale.

The number of rigs drilling for oil in the U.S. has increased for 22 straight weeks with the latest figures due on Friday from oilfield services firm Baker Hughes as investors waited to see if recent price drops in crude will be enough to cause a re-think on drilling plans.

U.S. crude futures gained 0.23% to $42.84 by 6:53AM ET (10:53GMT), while Brent oil rose 0.33% to $45.47.

On the earnings front, Bed Bath & Beyond (NASDAQ:BBBY) looked set to trade sharply lower on Friday after reporting a 39% in quarterly profit after the prior days close. Shares were down more than 7% in the after-hours market.

BlackBerry (NASDAQ:BBRY) (TO:BB) will report its own numbers ahead of the opening bell Friday.

In other news on automakers, Ford (NYSE:F) recalled around 16,000 models in South Africa over a fire risk, while speculation continued that Tesla (NASDAQ:TSLA) was moving closer towards being able to produce its vehicles in China.

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.01%

Investing.com – Sri Lanka stocks were higher after the close on Friday, as gains in the Information Technology, Trading and Power&Energy sectors led shares higher.

At the close in Colombo, the CSE All-Share added 0.01%.

The best performers of the session on the CSE All-Share were PC Pharma PLC (CM:PCPH), which rose 100.00% or 0.1000 points to trade at 0.2000 at the close. Meanwhile, PC House PLC (CM:PCHO) added 100.00% or 0.100 points to end at 0.200 and Anilana Hotels &Properties Ltd (CM:ANIL) was up 16.67% or 0.200 points to 1.400 in late trade.

The worst performers of the session were Central Investments and Finance PLC (CM:CIFL), which fell 12.50% or 0.100 points to trade at 0.700 at the close. Tangerine Beach Hotels PLC (CM:TANG) declined 12.09% or 7.70 points to end at 56.00 and Associated Motor Finance Company PLC (CM:ASSO) was down 10.85% or 49.90 points to 410.00.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 104 to 80 and 49 ended unchanged.

Shares in PC House PLC (CM:PCHO) rose to 52-week highs; gaining 100.00% or 0.100 to 0.200.

Crude oil for August delivery was up 0.14% or 0.06 to $42.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.11% or 0.05 to hit $45.27 a barrel, while the August Gold Futures contract rose 0.73% or 9.16 to trade at $1258.56 a troy ounce.

GBP/LKR was up 0.54% to 194.965, while USD/LKR rose 0.03% to 153.240.

The US Dollar Index Futures was down 0.16% at 97.10.

U.S. stock index futures higher as oil struggles to recover

Investing.com - U.S. stock index futures edged higher Friday as oil remained on course for its fifth week of losses in a row.
The Dow futures was up 0.03% at 5:45 ET. TheDJI closed off 0.06% overnight.
The S&P 500 futures added 0.14%. The tech-heavy Nasdaq 100 futures rose 0.18%.
Oil attempted a timid recovery after hitting 10-month lows. Baker Hughes rig count ahead.
The dollar index was lower but held onto the 97 mark.
New home sales due out later in the session are expected to have risen in May.
A number of Fed members are due to speak later in the session, including Bullard and Mester.
Heathcare stocks could remain in limelight as Republican Senators unveiled their plan to replace Obamacare.
Trump backed the bill but some conservative senators said they could not support it in its current form.
Banks will also be in focus after passing stress tests that pave the way for shareholder payment plans.

Philippines stocks lower at close of trade; PSEi Composite down 0.56%

Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Property, Industrials and Services sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.56% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Emperador Inc (PS:EMP), which rose 1.63% or 0.120 points to trade at 7.470 at the close. Meanwhile, Energy Development Corp (PS:EDC) added 1.17% or 0.070 points to end at 6.070 and Aboitiz Equity Ventures Inc (PS:AEV) was up 1.13% or 0.850 points to 75.850 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 2.82% or 0.700 points to trade at 24.100 at the close. SM Prime Holdings Inc (PS:SMPH) declined 2.50% or 0.850 points to end at 33.200 and International Container Terminal Services Inc (PS:ICT) was down 2.14% or 2.150 points to 98.250.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 100 to 98 and 48 ended unchanged.

Gold Futures for August delivery was up 0.70% or 8.69 to $1258.09 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.56% or 0.24 to hit $42.98 a barrel, while the August Brent oil contract rose 0.55% or 0.25 to trade at $45.47 a barrel.

CNY/PHP was down 0.30% to 7.3432, while USD/PHP fell 0.23% to 50.225.

The US Dollar Index Futures was down 0.26% at 97.01.

EUR/USD rises after mixed E.Z. data, eyes on Brussels summit

Investing.com - The euro rose against its U.S. counterpart on Friday, after the release of mixed euro zone economic reports, as demand for the greenback remained vulnerable following the previous session’s disappointing U.S. data.

EUR/USD hit 1.1188 during European morning trade, the highest since June 19; the pair subsequently consolidated at 1.1183, gaining 0.30%.

The pair was likely to find support at 1.1126, the low of June 21 and resistance at 1.1231, the high of June 15.

Research group Markit earlier reported that its German flash manufacturing purchasing managers’ index slipped to 59.3 in June from 59.5 the previous month, compared to expectations for a decline to 59.0.

The German services PMI fell to 53.7 from 55.4.

Markit also said its French flash manufacturing PMI rose to 55.0 this month from 53.8 in April, beating expectations for a rise to 54.0.

The French services PMI slipped to 55.3 from 56.9 however.

For the entire euro zone, the composite PMI, which includes manufacturing and service sector activity, declined to 55.7 in May from 56.8 the previous month, disappointing expectations for a downtick to 56.2.

Separately, European leaders were gearing up for a second day of talks at a European Council meeting on Friday.

The previous day, British Prime Minister Theresa May laid out what she called a "fair deal" for EU citizens living in the U.K., saying that she did not want to split up families or for people to have to leave due to Brexit.

Meanwhile, the dollar remained under pressure following a report on Thursday by the U.S. Department of Labor showing that initial jobless claims in the week ending June 17 increased by 3,000 to 241,000 from the previous week’s total of 238,000.

Analysts expected jobless claims to rise by 2,000 to 240,000 last week.

The euro was lower against the pound, with EUR/GBP down 0.14% at 0.8780.

Euro zone composite PMI misses in June but best quarter in 6 years

Investing.com – Overall economic activity in the euro zone missed the mark in June, but still managed to register the best quarterly growth in six years, bolstering optimism over the region’s economy, preliminary data showed on Friday.

In a report, market research group IHS Markit said that its flash Euro Zone Composite Output Index, which measures the combined output of both the manufacturing and service sectors decreased to 55.7 in June, from the prior month’s reading of 56.8 and below forecasts a drop to 56.6.

The flash services purchasing managers’ index also declined more than expected to 54.7 this month, from the prior 56.3.

Analysts had expected the index to slip to only 56.2.

However, the preliminary euro zone manufacturing purchasing managers’ index unexpectedly rose to a seasonally adjusted 57.3 this month from a final reading of 57.0 in May. Analysts had expected the index to dip to 56.8 in June.

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

“Although the rate of growth waned to a five-month low, high order book inflows and elevated levels of business confidence meant job creation remained one of the strongest recorded over the past decade as firms continued to expand capacity to meet rising demand,” IHS Markit said.

The quarterly read was the strongest quarterly expansion in over six years, according to the report

IHS Markit chief economist Chris Williamson indicated that the survey data was consistent with growth in the euro zone accelerating to 0.7% in the second quarter from the prior reading of 0.6%.

After the report, EUR/USD traded at 1.1185 compared to 1.1173 ahead of the release, while EUR/GBP was at 0.8782 from 0.8776 earlier.

Meanwhile, European stock markets were trading lower. The Euro Stoxx 50 fell 0.42%, Germany's DAX decreased 0.25%, France’s CAC 40 traded down 0.36%, while London’s FTSE 100 lost 0.45%.

German Services PMI 53.7 vs. 55.5 forecast

German service sector activity fell unexpectedly last month, official data showed on Friday.

In a report, Markit Economics said that German Services PMI fell to 53.7, from 55.4 in the preceding month.

Analysts had expected German Services PMI to rise to 55.5 last month.