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Taiwan stocks lower at close of trade; Taiwan Weighted down 0.90%

January 24, 2018, 06:45

Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the , Semiconductor and Electronics sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted lost 0.90%.

The best performers of the session on the Taiwan Weighted were Faraday Technology Corp (TW:3035), which rose 9.98% or 6.20 points to trade at 68.30 at the close. Meanwhile, CMC Magnetics Corp (TW:2323) added 9.96% or 0.480 points to end at 5.300 and Falcon Power Co Ltd (TW:1516) was up 9.92% or 1.80 points to 19.95 in late trade.

The worst performers of the session were Solytech Enterprise Corp (TW:1471), which fell 7.36% or 0.69 points to trade at 8.68 at the close. Airtac International Group (TW:1590) declined 4.72% or 23.50 points to end at 474.50 and LARGAN Precision Co Ltd (TW:3008) was down 4.41% or 175.00 points to 3790.00.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 394 to 385 and 115 ended unchanged.

Shares in Faraday Technology Corp (TW:3035) rose to 3-years highs; rising 9.98% or 6.20 to 68.30. Shares in CMC Magnetics Corp (TW:2323) rose to 52-week highs; gaining 9.96% or 0.480 to 5.300.

Crude oil for March delivery was up 0.05% or 0.03 to $64.50 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.14% or 0.10 to hit $69.86 a barrel, while the February Gold Futures contract rose 0.44% or 5.90 to trade at $1342.60 a troy ounce.

USD/TWD was up 0.13% to 29.263, while TWD/CNY fell 0.05% to 0.2196.

The US Dollar Index Futures was down 0.14% at 89.75.

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Australia stocks higher at close of trade; S&P/ASX 200 up 0.29%

January 24, 2018, 05:30

Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the Healthcare, IT and Energy sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.29%.

The best performers of the session on the S&P/ASX 200 were Qbe Insurance Group Ltd (AX:QBE), which rose 5.47% or 0.570 points to trade at 11.000 at the close. Meanwhile, Wisetech Global Ltd (AX:WTC) added 4.18% or 0.610 points to end at 15.190 and Domain Holdings Australia Ltd (AX:DHG) was up 3.67% or 0.110 points to 3.110 in late trade.

The worst performers of the session were GWA Group Ltd (AX:GWA), which fell 4.42% or 0.130 points to trade at 2.810 at the close. St Barbara Ltd (AX:SBM) declined 3.90% or 0.150 points to end at 3.700 and HT&E Ltd (AX:HT1) was down 3.51% or 0.060 points to 1.650.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 654 to 554 and 399 ended unchanged.

Shares in Wisetech Global Ltd (AX:WTC) rose to all time highs; rising 4.18% or 0.610 to 15.190.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.91% to 11.015.

Gold Futures for February delivery was up 0.28% or 3.80 to $1340.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.03% or 0.02 to hit $64.45 a barrel, while the March Brent oil contract fell 0.19% or 0.13 to trade at $69.83 a barrel.

AUD/USD was up 0.15% to 0.8013, while AUD/JPY fell 0.15% to 88.10.

The US Dollar Index Futures was down 0.16% at 89.74.

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Asian Shares Mixed With Tokyo Down On Stronger Yen, US Trade Views Eyed

January 24, 2018, 04:28

Investing.com - Asian shares were mixed on Wednesday with the stronger yen weighing on Tokyo and markets cautious on concerns the US may pursue more trade actions that would hit companies in Asia.

Japan's Nikkei 225 fell 0.56% as a stronger yen weighed and the US dollar index held below 90.

Japan reported trade figures for December with the trade balance at a surplus of ¥359 billion, narrower than the ¥530 billion surplus seen. Imports jumped 14.9%, above the 12.3% gain seen, while exports rose 9.3%, less than the 10.1% pace seen.

In Australia, the S&P/ASX 200 rose 0.33% with the country's "Big Four" banks mostly higher, with Westpac rising 0.62%.

In Greater China, the Shanghai Composite rose 0.14% and the Hang Seng index eased 0.28%.

The ECB is slated to meet on Thursday, when many expect the central bank to keep rates unchanged while ECB president Mario Draghi is likely to downplay any investor expectations that the central bank will soon announce plans to adopt a less dovish stance on monetary policy.

Overnight, the Dow Jones Industrial Average fell 4.27 points, or 0.02%, to 26,210.33, the S&P 500 gained 6.22 points, or 0.22%, to 2,839.19 and the Nasdaq Composite added 52.26 points, or 0.71%, to 7,460.29.

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Dollar Falls Further In Asia On Global Trade Worries, Trump At Davos

January 24, 2018, 03:33

Investing.com - The dollar fell further in Asia on Wednesday on growing concerns of a global trade spat following trade action by the US against China and South Korea and concerns over the what kind of trade message the Trump administration will give at Davos.

Japan reported trade figures for December with the trade balance at a surplus of ¥359 billion, narrower than the ¥530 billion surplus seen. Imports jumped 14.9%, above the 12.3% gain seen, while exports rose 9.3%, less than the 10.1% pace seen.

USD/JPY changed hands at 110.05, down 0.25%, while AUD/USD traded at 0.7998, down 0.04%. GBP/USD rose 0.15% to 1.4024, while EUR/USD gained 0.07% to 1.2306.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.09% to 89.80.

Overnight, the dollar rose from lows but remained under pressure as the yen made strong gains shrugging off less hawkish than expected comments from the Bank of Japan following its decision to keep monetary policy unchanged.

In what was a quiet day on the calendar for the top-tier US economic data, the dollar struggled to find its footing after falling to fresh three-and-a-half month lows before paring some of its losses.

The euro continued its trend higher against the greenback as data indicating underlying strength in the US economy, added to the growing speculation that bullish Eurozone growth would force the ECB to consider plans to end its quantitative easing program.

The ECB is slated to meet on Thursday, when many expect the central bank to keep rates unchanged while ECB president Mario Draghi is likely to downplay any investor expectations that the central bank will soon announce plans to adopt a less dovish stance on monetary policy.

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Gold Prices Gain In Asia On Weaker Dollar, Trump Trade Policies Eyed

January 24, 2018, 03:02

Investing.com - Gold prices gains in Asia on Wednesday with a weaker dollar aiding buying for the greenback-denominated commodity with a backdrop of rising concerns about growing US protectionism in global trade ahead of a speech at the end of the week by president Trump in Davos.

Comex gold futures rose 0.26% to $1,340.20 a troy ounce. The US dollar index was down 0.14% to 89.75.

Overnight, gold prices remained higher on Tuesday, as sentiment on the U.S. dollar remained fragile even after the U.S. government shutdown ended.

The dollar only mildly recovered after Congress approved a measure on Monday to fund the government for around three weeks and President Donald Trump signed the bill, ending the three-day government shutdown.

Gold is sensitive to moves in the dollar. A weaker dollar makes gold less expensive for holders of foreign currency.

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Crude Oil Prices Fall In Asia On API Estimates, Market Awaits EIA Data

January 24, 2018, 02:11

Investing.com - Crude oil prices fell in Asia on Wednesday as investors look ahead to see if official weekly data on US weekly inventories will paint a different picture from industry estimates.

On the New York Mercantile Exchange crude futures for March delivery eased 0.08% to $64.42 a barrel, while on London's Intercontinental Exchange, Brent fell 0.23% to $69.75 a barrel.

US crude oil stocks soared by 4.755 million barrels last week, according to estimates by the American Petroleum Institute released on Tuesday, a surprise gain and above expectations of a 1.6 million barrels draw.

Gasoline inventories jumped 4.117 million barrels, while distillate stocks fell 1.280 million barrels, Analysts expected crude oil inventories fell 1.6 million barrels, distillates down 1.471 million barrels and gasoline supplies up by 2.486 million barrels.

On Wednesday, the Energy information Administration will release official figures. The API and EIA figures often diverge.

Overnight, crude oil prices settled higher as investors remained optimistic that major oil producers, part of the ongoing output-cut agreement, would continue to cut output while rising economic growth fuelled expectations for higher oil demand growth.

Energy ministers from Russia and Saudi Arabia Monday signalled support to continue the 1.8 million barrels per day output-cut agreement, which has slashed global oil supplies, moving the oil market closer to rebalancing, stoking a rally in oil prices to multi-year highs.

Also adding support to sentiment on oil prices was an International Monetary Fund (IMF) report, in which the international organisation revised upward its forecast for global economic growth, boosting investor expectations for higher oil demand growth.

US crude production rose by 258,000 barrels per day (bpd) to 9.75 million barrels per day last week, EIA reported last week.

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PBOC Sets Yuan Parity At 6.3916 Against Dollar, Strongest Since Dec 2015

January 24, 2018, 01:20

Investing.com - The People's Bank of China set the yuan parity rate against the dollar at 6.3916 on Wednesday, compared to the previous close of 6.4084, the strongest since Dec. 4, 2015.

The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate.

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Dollar Falls Against Yen In Asia As Trade Issues At Forefront

January 24, 2018, 12:08

Investing.com - The dollar fell against the yen in early Asia on Tuesday as pressure on the greenback grows following trade action by the US against China and South Korea and concerns over the what kind of trade message the Trump administration will give at Davos.

Japan reported trade figures for December with the trade balance at a surplus of ¥359 billion, narrower than the ¥530 billion surplus seen. Imports jumped 14.9%, above the 12.3% gain seen, while exports rose 9.3%, less than the 10.1% pace seen.

USD/JPY changed hands at 110.18, down 0.14%, while AUD/USD traded at 0.8000, down 0.01%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 89.88, down 0.30%.

Overnight, the dollar rose from lows but remained under pressure as the yen made strong gains shrugging off less hawkish than expected comments from the Bank of Japan following its decision to keep monetary policy unchanged.

In what was a quiet day on the calendar for the top-tier US economic data, the dollar struggled to find its footing after falling to fresh three-and-a-half month lows before paring some of its losses.

The euro continued its trend higher against the greenback as data indicating underlying strength in the US economy, added to the growing speculation that bullish Eurozone growth would force the ECB to consider plans to end its quantitative easing program.

The ECB is slated to meet on Thursday, when many expect the central bank to keep rates unchanged while ECB president Mario Draghi is likely to downplay any investor expectations that the central bank will soon announce plans to adopt a less dovish stance on monetary policy.

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Mexico stocks higher at close of trade; S&P/BMV IPC up 0.57%

January 23, 2018, 10:29

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

At the close in Mexico, the S&P/BMV IPC added 0.57% to hit a new 3-months high.

The best performers of the session on the S&P/BMV IPC were VOLARIS A (MX:VOLARA), which rose 2.54% or 0.38 points to trade at 15.35 at the close. Meanwhile, Grupo Financiero Banorte (MX:GFNORTEO) added 1.96% or 2.180 points to end at 113.420 and Infraestructura Energetica Nova SAB (MX:IENOVA) was up 1.80% or 1.67 points to 94.38 in late trade.

The worst performers of the session were Wal - Mart De Mexico, SAB De CV (MX:WALMEX), which fell 1.42% or 0.680 points to trade at 47.310 at the close. PINFRA SAB De CV (MX:PINFRA) declined 0.65% or 1.26 points to end at 191.78 and Arca Continental , S.A.B. De C.V. (MX:AC) was down 0.60% or 0.84 points to 138.66.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 203 to 107 and 15 ended unchanged.

Gold Futures for February delivery was up 0.68% or 9.10 to $1341.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.42% or 0.90 to hit $64.47 a barrel, while the March Brent oil contract fell 0.11% or 0.08 to trade at $69.83 a barrel.

USD/MXN was down 0.02% to 18.6940, while EUR/MXN rose 0.01% to 22.9931.

The US Dollar Index Futures was down 0.30% at 89.88.

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Day Ahead: Top 3 Things to Watch

January 23, 2018, 09:41

EU Manufacturing, Services Data

Eurozone service and manufacturing data is expected to be closely monitored for an insight into the strength of the Eurozone economy ahead of the European Central Bank meeting Thursday.

Service sector growth is expected to show a nearly unchanged reading of 56.5 in January compared to 56.6 in the precious month, while economists forecast the manufacturing purchasing managers index cooled in January to a reading of 57.9 compared to a 58.1 reading in December.

Ahead of the data, the EUR/USD has pared gains amid fading investor optimism that the European Central Bank will soon announce plans to taper its lax monetary policy measures.

Energy Information Administration Weekly Inventory Report

A fresh batch of inventory data from the Energy Information Administration (EIA) on Wednesday is expected to show that U.S. crude stockpiles fell for the tenth-straight week.

Analysts forecast crude inventories fell by about 1.6 million barrels in the week ended Jan 19.

Crude oil futures settle higher on Tuesday amid optimism over ongoing OPEC-led output cuts while faster global economic growth is expected to boost oil demand growth.

UK Labor Market

Data from the Office for National Statistics is expected to show, average weekly earnings grew by 2.3% in November, in-line with wage growth in the previous month.

Economist forecast the unemployment rate, meanwhile, remained at 4.3% in November. Britons could see an uptick in wages, according to Michael Saunders, a member of the Bank’s monetary policy, as lower migration is expected to created “recruitment difficulties” for businesses.

GBP/USD rose 0.04% to $1.3996 its highest since June 2016.

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Bitcoin, Ripple Rebound as Buyers Make Modest Return to Cryptomarket

January 23, 2018, 09:36

Investing.com – Ripple’s XRP and bitcoin rose sharply on Tuesday amid signs of fresh capital inflows into the crypto-market despite the looming threat of regulation from Asia.

The total cryptocurrency market cap rose roughly 5% to $535 billion from a low of around $505 billion seen in Tuesday's session, which followed reports that the South Korean government will propose a corporate and local income tax on the country’s digital currency exchanges this year of up to 24.2%.

Also supporting sentiment on cryptos were signs of renewed institutional demand for bitcoin, the largest cryptocurrency by market cap, after Adena Friedman, the CEO of the Nasdaq stock exchanged confirmed earlier reports that the index is considering adding a bitcoin futures product.

Ripple XRP rose 17.21% to $1.383 well below its all-time high of $3.28 on the poloniex exchange. While Ethereum, the second largest cryptocurrency by market cap, rose 3.24% to $1,001.60.

Bitcoin, rose 7.05% to $11,072 after falling below $10,000 earlier in the session.

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Peru stocks higher at close of trade; S&P Lima General up 0.20%

January 23, 2018, 09:35

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Banking&Financials, Services and Electricity sectors led shares higher.

At the close in Lima, the S&P Lima General rose 0.20% to hit a new 3-years high.

The best performers of the session on the S&P Lima General were Edegel (LM:EDE), which rose 3.83% or 0.070 points to trade at 1.900 at the close. Meanwhile, Credicorp (LM:BAP) added 1.26% or 2.90 points to end at 232.80 and ENGIE Energia Peru SA (LM:ENGI) was up 0.70% or 0.050 points to 7.150 in late trade.

The worst performers of the session were Atacocha (LM:ATB), which fell 4.29% or 0.030 points to trade at 0.670 at the close. Panoro (LM:PML) declined 3.23% or 0.010 points to end at 0.300 and Sider (LM:SID) was down 2.10% or 0.010 points to 0.465.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 18 to 11 and 12 ended unchanged.

Shares in Credicorp (LM:BAP) rose to all time highs; rising 1.26% or 2.90 to 232.80.

Crude oil for March delivery was up 1.34% or 0.85 to $64.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.16% or 0.80 to hit $69.83 a barrel, while the February Gold Futures contract rose 0.67% or 8.90 to trade at $1340.80 a troy ounce.

USD/PEN was up 0.17% to 3.2190, while EUR/PEN rose 0.48% to 3.9496.

The US Dollar Index Futures was down 0.29% at 89.89.

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

January 23, 2018, 09:25

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.01%, while the S&P 500 index gained 0.22%, and the NASDAQ Composite index climbed 0.71%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 4.96% or 6.91 points to trade at 146.26 at the close. Meanwhile, General Electric Company (NYSE:GE) added 4.45% or 0.72 points to end at 16.89 and International Business Machines (NYSE:IBM) was up 2.24% or 3.65 points to 166.25 in late trade.

The worst performers of the session were Johnson&Johnson (NYSE:JNJ), which fell 4.26% or 6.31 points to trade at 141.83 at the close. Procter&Gamble Company (NYSE:PG) declined 3.09% or 2.84 points to end at 89.05 and Chevron Corporation (NYSE:CVX) was down 1.16% or 1.54 points to 131.02.

The top performers on the S&P 500 were ResMed Inc (NYSE:RMD) which rose 14.67% to 100.35, Mattel Inc (NASDAQ:MAT) which was up 10.38% to settle at 17.76 and Netflix Inc (NASDAQ:NFLX) which gained 9.98% to close at 250.29.

The worst performers were Scana Corporation (NYSE:SCG) which was down 5.07% to 41.16 in late trade, Johnson&Johnson (NYSE:JNJ) which lost 4.26% to settle at 141.83 and Procter&Gamble Company (NYSE:PG) which was down 3.09% to 89.05 at the close.

The top performers on the NASDAQ Composite were Real Goods Solar Inc (NASDAQ:RGSE) which rose 33.04% to 1.5300, vTv Therapeutics Inc (NASDAQ:VTVT) which was up 28.43% to settle at 7.59 and Revolution Lighting Technologies (NASDAQ:RVLT) which gained 25.00% to close at 4.1500.

The worst performers were Obalon Therapeutics Inc (NASDAQ:OBLN) which was down 33.33% to 3.46 in late trade, Stanley Furniture Company Inc (NASDAQ:STLY) which lost 23.17% to settle at 0.630 and Proteon Therapeutics Inc (NASDAQ:PRTO) which was down 18.00% to 2.05 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1872 to 1199 and 136 ended unchanged; on the Nasdaq Stock Exchange, 1319 rose and 1173 declined, while 155 ended unchanged.

Shares in ResMed Inc (NYSE:RMD) rose to all time highs; rising 14.67% or 12.84 to 100.35. Shares in Netflix Inc (NASDAQ:NFLX) rose to all time highs; rising 9.98% or 22.71 to 250.29. Shares in The Travelers Companies Inc (NYSE:TRV) rose to all time highs; rising 4.96% or 6.91 to 146.26. Shares in Obalon Therapeutics Inc (NASDAQ:OBLN) fell to all time lows; losing 33.33% or 1.73 to 3.46. Shares in Stanley Furniture Company Inc (NASDAQ:STLY) fell to all time lows; down 23.17% or 0.190 to 0.630.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.54% to 11.09.

Gold Futures for February delivery was up 0.67% or 8.90 to $1340.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.90% or 1.21 to hit $64.78 a barrel, while the March Brent oil contract rose 1.65% or 1.14 to trade at $70.17 a barrel.

EUR/USD was up 0.31% to 1.2300, while USD/JPY fell 0.54% to 110.31.

The US Dollar Index Futures was down 0.30% at 89.88.

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Canada stocks higher at close of trade; S&P/TSX Composite up 0.02%

January 23, 2018, 09:25

Investing.com – Canada stocks were higher after the close on Tuesday, as gains in the IT, Energy and Materials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.02%.

The best performers of the session on the S&P/TSX Composite were Kinaxis Inc (TO:KXS), which rose 10.59% or 8.06 points to trade at 84.18 at the close. Meanwhile, Birchcliff Energy Ltd . (TO:BIR) added 9.28% or 0.31 points to end at 3.65 and New Gold Inc . (TO:NGD) was up 6.75% or 0.260 points to 4.110 in late trade.

The worst performers of the session were Pretium Resources Inc. (TO:PVG), which fell 26.45% or 3.55 points to trade at 9.87 at the close. Knight Therapeutics Inc (TO:GUD) declined 3.65% or 0.29 points to end at 7.66 and Turquoise Hill Resources Ltd. (TO:TRQ) was down 3.59% or 0.150 points to 4.030.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 640 to 483 and 136 ended unchanged.

Shares in Pretium Resources Inc. (TO:PVG) fell to 52-week lows; down 26.45% or 3.55 to 9.87.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 1.06% to 12.43.

Gold Futures for February delivery was up 0.68% or 9.00 to $1340.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.90% or 1.21 to hit $64.78 a barrel, while the March Brent oil contract rose 1.65% or 1.14 to trade at $70.17 a barrel.

CAD/USD was up 0.17% to 0.8050, while CAD/EUR fell 0.14% to 0.6545.

The US Dollar Index Futures was down 0.30% at 89.88.

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Nasdaq Closes at Record Highs as Netflix Soars

January 23, 2018, 09:17

Investing.com – US stocks closed higher as investors continued to bet on a solid quarter of corporate earnings amid the release of mostly bullish quarterly reports Tuesday.

The Dow Jones Industrial Average closed higher at 26228.16. The S&P 500 closed 0.22% higher, while the Nasdaq Composite closed at 7460.29, up 0.71%.

With little on the economic calendar, earnings season continued to dictate direction in US equities as investors mulled over a raft of corporate earnings including a bullish quarterly earnings report from Netflix (NASDAQ:NFLX) which propelled the tech-heavy Nasdaq to close at record highs.

A flurry of analysts upgrades on Netflix followed the earnings beat amid expectations that the streaming giant would continue to ramp up subscriber growth despite ongoing competition.

"We believe that Netflix has achieved a level of sustainable scale, growth, and profitability that isn't currently reflected in its stock price," said RBC in a note to clients. "This conclusion is based on our assessment of Netflix's 55 million US subscriber and 63 million international subscriber bases, which makes Netflix one of the largest global entertainment subscription businesses."

Procter & Gamble, Travelers, Johnson & Johnson also reported earnings that topped analysts’ estimates while Verizon undershot the street’s estimates on the bottom line but beat on the top line.

Investors also cheered the end of the government shutdown Monday as members of the Senate voted late Monday 81-18 in favour of a bill to allocate funding through Feb. 8.

In corporate news, Apple Inc (NASDAQ:AAPL) closed flat amid fading investor expectations for strong iPhone X sales after J.P. Morgan analyst Narci Chang wrote in a research note that "high-end smartphones are clearly hitting a plateau this year."

'Bulls and Bears' on Wall Street

The top Dow gainers for the session: The Travelers Companies Inc (NYSE:TRV) rose 5%, General Electric Company (NYSE:GE) up 4.5% and International Business Machines (NYSE:IBM) up 2.2%

Johnson & Johnson (NYSE:JNJ) down 4.3%, Procter & Gamble Company (NYSE:PG) down 3.1%, and Chevron Corporation (NYSE:CVX) down 1.2%, were among the worst Dow performers of the session.

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US Crude Oil Inventories Rose 4.755 Million Barrels Last Week - API

January 23, 2018, 09:16

Investing.com - US crude oil inventories rose by 4.755 million barrels last week, according to estimates by the American Petroleum Institute released on Tuesday, a surprise gain and above expectations of a 1.6 million barrels draw.

Gasoline inventories jumped 4.117 million barrels, while distillate stocks fell 1.280 million barrels, Analysts expected crude oil inventories fell 1.6 million barrels, distillates down 1.471 million barrels and gasoline supplies up by 2.486 million barrels.

On Wednesday, the Energy information Administration will release official weekly figures.

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Brazil stocks lower at close of trade; Bovespa down 1.22%

January 23, 2018, 08:30

Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Basic Materials, Consumption and Industrials sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 1.22%.

The best performers of the session on the Bovespa were Cosan SA Industria e Comercio (SA:CSAN3), which rose 1.74% or 0.73 points to trade at 42.65 at the close. Meanwhile, Fibria Celulose SA (SA:FIBR3) added 1.51% or 0.82 points to end at 55.12 and Cia Paranaense de Energia (SA:CPLE6) was up 0.66% or 0.15 points to 22.85 in late trade.

The worst performers of the session were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which fell 4.71% or 0.53 points to trade at 10.72 at the close. EcoRodovias SA (SA:ECOR3) declined 4.55% or 0.55 points to end at 11.55 and Centrais Eletricas Brasileiras SA (SA:ELET6) was down 4.31% or 0.93 points to 20.65.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 269 to 181 and 29 ended unchanged.

Shares in Fibria Celulose SA (SA:FIBR3) rose to all time highs; up 1.51% or 0.82 to 55.12.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 7.19% to 34.45 a new 1-month high.

Gold Futures for February delivery was up 0.60% or 8.00 to $1339.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.81% or 1.15 to hit $64.72 a barrel, while the March US coffee C contract fell 1.23% or 1.50 to trade at $120.88 .

USD/BRL was up 1.11% to 3.2378, while EUR/BRL rose 1.35% to 3.9789.

The US Dollar Index Futures was down 0.26% at 89.92.

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Colombia stocks lower at close of trade; COLCAP unchanged

January 23, 2018, 08:20

Investing.com – Colombia stocks were lower after the close on Tuesday, as in the sectors led shares .

At the close in Colombia, the COLCAP unchanged 0.00% to hit a new 3-years high.

The best performers of the session on the COLCAP were Ecopetrol SA (CN:ECO), which rose 5.07% or 125.0 points to trade at 2590.0 at the close. Meanwhile, Etb (CN:ETB) added 2.40% or 11.0 points to end at 469.0 and Banco Davivienda Pf (CN:DVI_p) was up 1.24% or 380.0 points to 31100.0 in late trade.

The worst performers of the session were Bancolombia Pf (CN:BIC_p1), which fell 1.35% or 420.0 points to trade at 30760.0 at the close. Bcolombia (CN:BIC) declined 1.23% or 380.0 points to end at 30620.0 and Grupoaval (CN:GAA) was down 0.78% or 10.0 points to 1280.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.

Shares in Ecopetrol SA (CN:ECO) rose to 3-years highs; rising 5.07% or 125.0 to 2590.0.

US coffee C for March delivery was down 1.23% or 1.50 to $120.88 . Elsewhere in commodities trading, US cocoa for delivery in March fell 0.54% or 10.50 to hit $1935.00 , while the February Gold Futures contract rose 0.62% or 8.20 to trade at $1340.10 a troy ounce.

USD/COP was down 0.10% to 2855.00, while BRL/COP fell 1.20% to 881.77.

The US Dollar Index Futures was down 0.24% at 89.93.

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Crude Oil Prices Settle Higher Ahead of Inventory Data

January 23, 2018, 07:40

Investing.com – Crude oil prices settled higher as investors remained optimistic that major oil producers, part of the ongoing output-cut agreement, would continue to cut output while rising economic growth fuelled expectations for higher oil demand growth.

On the New York Mercantile Exchange crude futures for March delivery rose 90 cents to settle at $64.47 a barrel, while on London's Intercontinental Exchange, Brent gained 86 cents to trade at $69.89 a barrel.

Energy ministers from Russia and Saudi Arabia Monday signalled support to continue the 1.8 million barrels per day output-cut agreement, which has slashed global oil supplies, moving the oil market closer to rebalancing, stoking a rally in oil prices to multi-year highs.

Also adding support to sentiment on oil prices was an International Monetary Fund (IMF) report, in which the international organisation revised upward its forecast for global economic growth, boosting investor expectations for higher oil demand growth.

In the U.S., meanwhile, focus shifted to the American Petroleum Institute weekly inventory report expected Tuesday after US markets close, while the US Energy Information Administration issues its supply totals Wednesday at 10:30 a.m. ET.

Despite expectations for a tenth-straight weekly decline in US crude inventories, oil output is expected to garner significant attention as it nears 10 million bpd.

U.S. crude production rose by 258,000 barrels per day (bpd) to 9.75 million barrels per day last week, the Energy Information Agency (EIA) reported last week.

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Gold Recovers Losses as Treasury Yields, Dollar Slump

January 23, 2018, 07:13

Investing.com – Gold recovered from lows to trade higher as a slump in dollar and US treasury yields boosted demand for the yellow metal.

Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by $5.10, or 0.40%, to $1,337.20 a troy ounce.

Gold prices recovered lows to trade within a tight range as traders awaited further direction ahead of the European Central Bank meeting, and US economic growth data this week. Dollar and US treasury yields weakness, meanwhile, supporting upward momentum in the precious metal was offset somewhat by falling safe-haven demand amid a lack of geopolitical tensions.

United States 10-Year was set to post its biggest daily loss in nearly three-weeks. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The rise in gold prices come as the US government shutdown came to end late Monday after the U.S. Senate voted to pass a temporary spending plan through Feb. 8. Market participants, however, deemed the impact of the government shutdown on risk sentiment as muted, adding that the end of shutdown was unlikely to add significant downside risk to gold.

In other precious metal trade, silver futures fell 0.20% to $16.96 a troy ounce, while platinum futures rose 1.15% to $1,008.

Copper fell 2.55% to $23.12, while natural gas rose 6.42% to $3.43.

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Dollar Struggles to Pare Losses Against Yen, Remains Below 3-Year Lows

January 23, 2018, 06:16

Investing.com – The dollar rose from lows but remained under pressure as the yen made strong gains shrugging off less hawkish than expected comments from the Bank of Japan following its decision to keep monetary policy unchanged.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.12% to 90.04

In what was a quiet day on the calendar for the top-tier US economic data, the dollar struggled to find its footing after falling to fresh three-and-a-half month lows before paring some of its losses.

The euro continued its trend higher against the greenback as data indicating underlying strength in the US economy, added to the growing speculation that bullish Eurozone growth would force the ECB to consider plans to end its quantitative easing programme.

The ECB is slated to meet on Thursday, when many expect the central bank to keep rates unchanged while ECB president Mario Draghi is likely to downplay any investor expectations that the central bank will soon announce plans to adopt a less dovish stance on monetary policy.

Action Economics said it doesn’t expect major changes to the guidance as ECB president Mario Draghi is unlikely to commit to an end date for quantitative easing.

GBP/USD fell 0.03% to $1.3982 while USD/CAD rose 0.09% to C$1.2457.

USD/JPY fell 0.45% to Y110.41 after the Bank of Japan policy, as expected, kept monetary policy unchanged on Tuesday. The yen, however, shrugged off Bank of Japan (BoJ) governor Haruhiko Kuroda's attempts to curb expectations that the central bank is nearing an eventual exit from its monetary policy programme.

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Portugal stocks higher at close of trade; PSI 20 up 0.82%

January 23, 2018, 05:45

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

At the close in Lisbon, the PSI 20 added 0.82% to hit a new 52-week high.

The best performers of the session on the PSI 20 were Banco Comercial Portugues (LS:BCP), which rose 4.38% or 0.0140 points to trade at 0.3339 at the close. Meanwhile, Nos SGPS SA (LS:NOS) added 0.82% or 0.0450 points to end at 5.5500 and Semapa (LS:SEM) was up 0.75% or 0.1400 points to 18.8600 in late trade.

The worst performers of the session were Pharol SGPS SA (LS:PHRA), which fell 3.02% or 0.0075 points to trade at 0.2410 at the close. Sonae (LS:YSO) declined 0.82% or 0.0100 points to end at 1.2130 and Mota Engil (LS:MOTA) was down 0.50% or 0.0200 points to 4.0150.

Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 21 to 14 and 9 ended unchanged.

Shares in Banco Comercial Portugues (LS:BCP) rose to 52-week highs; rising 4.38% or 0.0140 to 0.3339. Shares in Semapa (LS:SEM) rose to all time highs; up 0.75% or 0.1400 to 18.8600.

Brent oil for March delivery was up 1.13% or 0.78 to $69.81 a barrel. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.32% or 0.84 to hit $64.41 a barrel, while the February Gold Futures contract rose 0.39% or 5.20 to trade at $1337.10 a troy ounce.

EUR/USD was up 0.13% to 1.2278, while EUR/GBP rose 0.19% to 0.8785.

The US Dollar Index Futures was down 0.12% at 90.04.

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Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.22%

January 23, 2018, 05:35

Investing.com – Denmark stocks were higher after the close on Tuesday, as gains in the Software&Computer Services, Chemicals and Technology sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 gained 0.22% to hit a new 1-month high.

The best performers of the session on the OMX Copenhagen 20 were Lundbeck A/S (CO:LUN), which rose 2.58% or 8.1 points to trade at 322.1 at the close. Meanwhile, AP Moeller - Maersk A/S B (CO:MAERSKb) added 2.27% or 250 points to end at 11245 and AP Moeller - Maersk A/S A (CO:MAERSKa) was up 1.90% or 200 points to 10700 in late trade.

The worst performers of the session were Genmab (CO:GEN), which fell 3.20% or 37.5 points to trade at 1133.0 at the close. Pandora A/S (CO:PNDORA) declined 0.98% or 6.0 points to end at 609.2 and DSV (CO:DSV) was down 0.81% or 4.0 points to 490.8.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 67 to 61 and 15 ended unchanged.

Crude oil for March delivery was up 1.29% or 0.82 to $64.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.09% or 0.75 to hit $69.78 a barrel, while the February Gold Futures contract rose 0.41% or 5.50 to trade at $1337.40 a troy ounce.

USD/DKK was down 0.17% to 6.0602, while EUR/DKK rose 0.02% to 7.4449.

The US Dollar Index Futures was down 0.17% at 90.00.

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Finland stocks higher at close of trade; OMX Helsinki 25 up 0.04%

January 23, 2018, 05:30

Investing.com – Finland stocks were higher after the close on Tuesday, as gains in the Telecoms, Utilities and Consumer Services sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 rose 0.04% to hit a new 3-months high.

The best performers of the session on the OMX Helsinki 25 were Amer Sports Corporation (HE:AMEAS), which rose 2.74% or 0.62 points to trade at 23.25 at the close. Meanwhile, Elisa Oyj (HE:ELISA) added 2.49% or 0.81 points to end at 33.29 and Metso Oyj (HE:METSO) was up 1.56% or 0.44 points to 28.61 in late trade.

The worst performers of the session were Cargotec Oyj (HE:CGCBV), which fell 4.44% or 2.25 points to trade at 48.40 at the close. Stora Enso Oyj R (HE:STERV) declined 1.71% or 0.250 points to end at 14.395 and Neste Oil Oyj (HE:NESTE) was down 1.49% or 0.88 points to 58.04.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 89 to 57 and 13 ended unchanged.

Brent oil for March delivery was up 1.09% or 0.75 to $69.78 a barrel. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.29% or 0.82 to hit $64.39 a barrel, while the February Gold Futures contract rose 0.41% or 5.50 to trade at $1337.40 a troy ounce.

EUR/USD was up 0.19% to 1.2285, while EUR/GBP rose 0.17% to 0.8783.

The US Dollar Index Futures was down 0.17% at 90.00.

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Netherlands stocks lower at close of trade; AEX down 0.11%

January 23, 2018, 05:35

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

At the close in Amsterdam, the AEX fell 0.11%.

The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 4.43% or 0.40 points to trade at 9.52 at the close. Meanwhile, Koninklijke Vopak NV (AS:VOPA) added 1.36% or 0.51 points to end at 38.12 and Galapagos NV (AS:GLPG) was up 1.28% or 1.180 points to 93.240 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 2.27% or 0.680 points to trade at 29.280 at the close. ING Groep NV (AS:INGA) declined 1.90% or 0.317 points to end at 16.349 and Koninklijke Ahold Delhaize NV (AS:AD) was down 1.25% or 0.237 points to 18.713.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 74 to 47 and 7 ended unchanged.

Shares in Galapagos NV (AS:GLPG) rose to all time highs; up 1.28% or 1.180 to 93.240.

The AEX Volatility, which measures the implied volatility of AEX options, was down 0.55% to 10.26.

Crude oil for March delivery was up 1.29% or 0.82 to $64.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.09% or 0.75 to hit $69.78 a barrel, while the February Gold Futures contract rose 0.41% or 5.40 to trade at $1337.30 a troy ounce.

EUR/USD was up 0.18% to 1.2284, while EUR/GBP rose 0.17% to 0.8783.

The US Dollar Index Futures was down 0.17% at 90.00.

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France stocks lower at close of trade; CAC 40 down 0.12%

January 23, 2018, 05:35

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

At the close in Paris, the CAC 40 fell 0.12%, while the SBF 120 index lost 0.10%.

The best performers of the session on the CAC 40 were Carrefour SA (PA:CARR), which rose 3.22% or 0.60 points to trade at 19.06 at the close. Meanwhile, Atos SE (PA:ATOS) added 1.40% or 1.80 points to end at 130.30 and Unibail Rodamco SE (AS:UNBP) was up 1.22% or 2.50 points to 207.30 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 2.27% or 0.680 points to trade at 29.280 at the close. Peugeot SA (PA:PEUP) declined 1.39% or 0.26 points to end at 18.75 and Airbus Group SE (PA:AIR) was down 1.23% or 1.15 points to 92.10.

The top performers on the SBF 120 were Carrefour SA (PA:CARR) which rose 3.22% to 19.06, Genfit (PA:GNFT) which was up 2.31% to settle at 27.500 and SES (PA:SESFd) which gained 1.99% to close at 13.55.

The worst performers were Biomerieux SA (PA:BIOX) which was down 2.32% to 75.70 in late trade, ArcelorMittal SA (AS:MT) which lost 2.27% to settle at 29.280 and Korian Medica SA (PA:KORI) which was down 1.78% to 26.520 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 301 to 297 and 93 ended unchanged.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 1.23% to 11.31.

Gold Futures for February delivery was up 0.41% or 5.40 to $1337.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.29% or 0.82 to hit $64.39 a barrel, while the March Brent oil contract rose 1.10% or 0.76 to trade at $69.79 a barrel.

EUR/USD was up 0.19% to 1.2285, while EUR/GBP rose 0.17% to 0.8783.

The US Dollar Index Futures was down 0.18% at 89.99.

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Spain stocks higher at close of trade; IBEX 35 up 0.24%

January 23, 2018, 05:35

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

At the close in Madrid, the IBEX 35 gained 0.24% to hit a new 3-months high.

The best performers of the session on the IBEX 35 were Inmobiliaria Colonial SA (MC:COL), which rose 2.12% or 0.180 points to trade at 8.670 at the close. Meanwhile, Mediaset ESP (MC:TL5) added 1.73% or 0.162 points to end at 9.508 and Bankia SA (MC:BKIA) was up 1.60% or 0.067 points to 4.264 in late trade.

The worst performers of the session were ArcelorMittal SA (MC:MTS), which fell 2.12% or 0.635 points to trade at 29.300 at the close. Caixabank SA (MC:CABK) declined 1.24% or 0.055 points to end at 4.370 and Aena Aeropuertos SA (MC:AENA) was down 0.56% or 1.00 points to 178.10.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 116 to 64 and 16 ended unchanged.

Shares in Inmobiliaria Colonial SA (MC:COL) rose to 5-year highs; rising 2.12% or 0.180 to 8.670.

Gold Futures for February delivery was up 0.41% or 5.40 to $1337.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.29% or 0.82 to hit $64.39 a barrel, while the March Brent oil contract rose 1.09% or 0.75 to trade at $69.78 a barrel.

EUR/USD was up 0.20% to 1.2286, while EUR/GBP rose 0.17% to 0.8783.

The US Dollar Index Futures was down 0.18% at 89.99.

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Belgium stocks lower at close of trade; BEL 20 down 0.43%

January 23, 2018, 05:20

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

At the close in Brussels, the BEL 20 fell 0.43%.

The best performers of the session on the BEL 20 were Telenet Group (BR:TNET), which rose 1.39% or 0.85 points to trade at 61.85 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 1.28% or 1.180 points to end at 93.240 and Ontex Group (BR:ONTEX) was up 1.11% or 0.30 points to 27.26 in late trade.

The worst performers of the session were ING Groep NV (AS:INGA), which fell 1.81% or 0.302 points to trade at 16.364 at the close. Aperam SA (AS:APAM) declined 1.50% or 0.69 points to end at 45.41 and Anheuser Busch Inbev SA NV (BR:ABI) was down 0.99% or 0.93 points to 93.21.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 65 to 51 and 17 ended unchanged.

Shares in Telenet Group (BR:TNET) rose to all time highs; up 1.39% or 0.85 to 61.85. Shares in Galapagos NV (AS:GLPG) rose to all time highs; gaining 1.28% or 1.180 to 93.240.

Gold Futures for February delivery was up 0.44% or 5.90 to $1337.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.15% or 0.73 to hit $64.30 a barrel, while the March Brent oil contract rose 1.00% or 0.69 to trade at $69.72 a barrel.

EUR/USD was up 0.21% to 1.2288, while EUR/GBP rose 0.22% to 0.8787.

The US Dollar Index Futures was down 0.19% at 89.98.

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Germany stocks mixed at close of trade; DAX up 0.71%

January 23, 2018, 05:15

Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Pharmaceuticals&Healthcare, Food&Beverages and Financial Services sectors led shares higher while losses in the Basic Resources, Media and Technology sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.71% to hit a new all time high, while the MDAX index declined 0.06%, and the TecDAX index declined 0.05%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 3.31% or 3.50 points to trade at 109.22 at the close. Meanwhile, Fresenius SE&Co KGAA O.N. (DE:FREG) added 2.83% or 1.900 points to end at 69.100 and Deutsche Boerse AG (DE:DB1Gn) was up 2.81% or 2.780 points to 101.700 in late trade.

The worst performers of the session were Bayerische Motoren Werke AG (DE:BMWG), which fell 1.02% or 0.980 points to trade at 95.280 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 0.66% or 1.24 points to end at 187.26 and Prosiebensat 1 Media AG (DE:PSMGn) was down 0.56% or 0.170 points to 30.150.

The top performers on the MDAX were Metro AG (DE:MEOG) which rose 3.03% to 11.550, Norma Group AG NA O.N. (DE:NOEJ) which was up 2.88% to settle at 62.600 and Suedzucker AG (DE:SZUG) which gained 1.92% to close at 16.205.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 3.19% to 0.51 in late trade, Hella KGaA Hueck&Co (DE:HLE) which lost 1.90% to settle at 56.80 and Lanxess AG (DE:LXSG) which was down 1.70% to 72.760 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 4.65% to 84.450, Morphosys AG O.N. (DE:MORG) which was up 2.32% to settle at 83.950 and Qiagen NV (DE:QGEN) which gained 1.64% to close at 27.340.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 4.06% to 36.400 in late trade, Wirecard AG (DE:WDIG) which lost 3.67% to settle at 103.800 and Aixtron SE (DE:AIXGn) which was down 2.22% to 12.530 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 424 to 279 and 109 ended unchanged.

Shares in Deutsche Boerse AG (DE:DB1Gn) rose to 5-year highs; gaining 2.81% or 2.780 to 101.700. Shares in Norma Group AG NA O.N. (DE:NOEJ) rose to all time highs; rising 2.88% or 1.750 to 62.600. Shares in Nemetschek AG O.N. (DE:NEKG) rose to all time highs; rising 4.65% or 3.750 to 84.450.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.14% to 12.77.

Gold Futures for February delivery was up 0.40% or 5.30 to $1337.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.27% or 0.81 to hit $64.38 a barrel, while the March Brent oil contract rose 1.12% or 0.77 to trade at $69.80 a barrel.

EUR/USD was up 0.19% to 1.2285, while EUR/GBP rose 0.22% to 0.8787.

The US Dollar Index Futures was down 0.16% at 90.01.

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Nigeria stocks lower at close of trade; NSE 30 down 1.28%

January 23, 2018, 05:15

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

At the close in Lagos, the NSE 30 declined 1.28%.

The best performers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), which rose 9.93% or 0.140 points to trade at 1.550 at the close. Meanwhile, Unilever Nig (LAGOS:UNILEVE) added 5.00% or 2.21 points to end at 46.41 and Total Nig (LAGOS:TOTAL) was up 2.16% or 5.00 points to 236.00 in late trade.

The worst performers of the session were Fidelitybk (LAGOS:FIDELIT), which fell 9.16% or 0.360 points to trade at 3.570 at the close. Fbn Holdings (LAGOS:FBNH) declined 5.31% or 0.730 points to end at 13.020 and Diamond Bank (LAGOS:DIAMONB) was down 5.00% or 0.170 points to 3.230.

Falling stocks outnumbered advancing ones on the Lagos by 58 to 21 and 13 ended unchanged.

Shares in Skye Bank (LAGOS:SKYEBAN) rose to 52-week highs; gaining 9.93% or 0.140 to 1.550.

Crude oil for March delivery was up 1.29% or 0.82 to $64.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.13% or 0.78 to hit $69.81 a barrel, while the February Gold Futures contract rose 0.40% or 5.30 to trade at $1337.20 a troy ounce.

EUR/NGN was down 0.15% to 441.120, while USD/NGN unchanged 0.00% to 360.000.

The US Dollar Index Futures was down 0.16% at 90.01.

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