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Australia stocks higher at close of trade; S&P/ASX 200 up 0.66%

April 24, 2018, 06:00

Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the Consumer Discretionary, Consumer Staples and Industrials sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 rose 0.66% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Webjet Ltd (AX:WEB), which rose 3.55% or 0.380 points to trade at 11.090 at the close. Meanwhile, Altium Ltd (AX:ALU) added 3.49% or 0.690 points to end at 20.450 and Aristocrat Leisure Ltd (AX:ALL) was up 3.49% or 0.895 points to 26.525 in late trade.

The worst performers of the session were South32 Ltd (AX:S32), which fell 9.34% or 0.370 points to trade at 3.590 at the close. Boral Ltd. (AX:BLD) declined 8.50% or 0.640 points to end at 6.890 and Australian Pharma Industries Ltd (AX:API) was down 7.52% or 0.100 points to 1.230.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 618 to 604 and 355 ended unchanged.

Shares in Aristocrat Leisure Ltd (AX:ALL) rose to all time highs; rising 3.49% or 0.895 to 26.525. Shares in Australian Pharma Industries Ltd (AX:API) fell to 3-years lows; down 7.52% or 0.100 to 1.230.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.71% to 11.666.

Gold Futures for June delivery was up 0.32% or 4.20 to $1328.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.89% or 0.61 to hit $69.25 a barrel, while the June Brent oil contract rose 0.62% or 0.46 to trade at $75.17 a barrel.

AUD/USD was up 0.01% to 0.7605, while AUD/JPY rose 0.11% to 82.75.

The US Dollar Index Futures was down 0.02% at 90.67.

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Asian Equities Broadly Bounce; U.S. Treasury Yields in Focus

April 24, 2018, 05:37

Investing.com – Asian equities broadly traded in green in afternoon trade on Tuesday, with Japanese, Australian, Hong Kong and Chinese equities making gains while only South Korean stocks dipped. Meanwhile, the rising yields on 10-year U.S. Treasuries that climbed to a four-year high weighed on investor sentiment.

Japan’s Nikkei 225 added 0.80% to 22,264.00 by 1:38AM ET (05:38 GMT). Japanese stocks were supported by a weaker yen as the dollar moved up to its strongest level since March 1.

Asian equities were pressured on earlier Tuesday morning by a rally in the U.S. dollar, which hit a three-month high as yields on United States 10-Year reached 2.99% for the first time in more than four years.

Chinese and Hong Kong stocks rallied amid Beijing’s determination to achieve this year’s economic targets. The Communist Party’s politburo, China’s top decision-making body, pledged to open up the economy. The country also wants to promote healthy development of credit, stocks, bonds, currency and property markets.

Hong Kong shares were also recovering, with the Hang Seng Index climbing 1% up to 30,548.50, setting to snap a two-day loss. Tech stocks recovered, with heavyweight Tencent Holdings Ltd (HK:0700) adding 1%. The real estate stock Country Garden Holdings Company Ltd (HK:2007) that surged 5% was among the top performers on Tuesday afternoon.

In China, the Shanghai Composite and the SZSE Component both added 1.78%. The real estate and consumer sectors rose. Meanwhile, trade tensions between China and the U.S. are still in focus and are likely to remain a motivator for investors.

Down under, Australia’s S&P/ASX 200 was up 0.72% at 5,928.30.

The South Korea Kospi, however, was down 0.24% to 2,468.68. One company in focus on Tuesday was South Korea’s SK Hynix Inc (KS:000660), the second largest maker of memory chips in the world after Samsung Electronics (KS:KS:005930). Hynix released earnings on Tuesday that met market expectations with operating profits rising 77%. The company’s stock still dropped 2.73% on South Korea’s stock exchange.

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Cryptocurrencies’ Prices Rise; Malta Supports Digital Coins

April 24, 2018, 04:54


Investing.com – Cryptocurrencies’ prices gained on Thursday. Reports that Malta was supportive of the digital coins gained attention. Meanwhile, India is uncertain whether the country will ban cryptocurrencies.

Bitcoin was trading at $9,254.9 by 12:55AM ET (04:55GMT) on the Bitfinex exchange, up 4.15% over the previous 24 hours.

Ethereum, the world’s second largest cryptocurrency by market cap, gained 6.96% at $679.92 on the Bitfinex exchange.

XRP/USD token traded 6.77% higher at $92320 on the Poloniex exchange.

Meanwhile, Litecoin added 8.69% to $161.90.

Malta’s Prime Minister Joseph Muscat said cryptocurrencies are “the inevitable future of money” and will form the future global economy’s foundation.

Malta is supportive of cryptocurrency exchanges and companies by creating fair and defined rules and regulations, which the government said “will offer legal certainty in a space that is currently unregulated.” Binance, one of the world’s largest exchanges, plans to move to Malta from Hong Kong.

Elsewhere, India is preparing a bill on the regulation of cryptocurrency, but different parties hold mixed views on whether to ban or regulate the digital coins. While the finance ministry is said to be in favour of regulating cryptocurrency, the Income Tax Department reportedly thinks otherwise. Reports also said the Reserve Bank of India does not intend to ban virtual currencies.

The Indian Special Investigation Team also said to be wanting to ban the use of bitcoins after discovering that the digital coin was used to pay for drugs. But Sarvesh Tyagi, a Delhi-based cyber law expert, said “it is doubtful that the SIT will succeed in banning the use of cryptocurrencies. Ban is not a solution. We need a regulatory authority.”

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Oil Prices Rise On Fears Of Iran Sanctions

April 24, 2018, 04:07

Investing.com - Oil prices rose on Tuesday morning in Asia, triggered by fears that U.S. sanctions could reduce Iran’s crude output.

Crude Oil WTI Futures for June delivery were trading at $68.94 a barrel in Asia at 11:30PM ET (03:30 GMT), up 0.44%. Brent crude futures for June delivery, traded in London, were up 0.31% at $74.94 per barrel.

Meanwhile, Shanghai Crude Oil WTI Futures for September delivery were up 2.73% at 448.20 yuan ($70.97) per barrel.

Oil markets have been swinging in response to posturing from the U.S. and members of the Organization of the Petroleum Exporting Countries (OPEC). Just yesterday, prices tumbled amid fears that oversupply could return due to a rising U.S. rig count which indicated further increases in the country’s crude output.

Iran’s oil minister Bijan Zanganeh said there would be no need to extend the OPEC-led supply cut deal if oil prices strengthened.

Prices rebounded quickly on conviction that U.S. sanctions could dampen Iran’s output, even if the nation produces above its OPEC quota.

This month, oil has risen to its highest since late 2014. Prices have been supported by U.S. sanctions on Russian companies and individuals and by fears Washington may take new measures against struggling Venezuela and especially OPEC member Iran.

As Iran is OPEC’s third-largest producer, sanctions on the nation could tighten global oil supplies.

The U.S. has until May 12 to decide whether it will leave a nuclear deal with Iran and impose new sanctions against Tehran.

Overall markets remain well supported by healthy demand and ongoing supply cuts.

OPEC, Russia and several other oil producers have been cutting output since January 2017 in an attempt to reduce the global oversupply and prop up prices. Results are closing in on the original target of the pact – reducing industrialized nations’ oil inventories to their five-year average – and there is some confidence that the pact will be extended beyond 2018.

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Gold Prices Gain As Dollar Loses Momentum

April 24, 2018, 03:56

Investing.com – Gold prices rose on Tuesday morning as the dollar slightly dropped despite higher 10-year U.S. treasury yields.

Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $4.20, or 0.32%, to $1,328.2 a troy ounce by 11:42AM ET (03:42 GMT).

The U.S. dollar index that tracks the greenback against a basket of six major currencies shed 0.03% to 90.66.

On earlier Tuesday morning, the dollar rallied along with the higher yields on U.S. Treasuries that hit a four-year high, then started to lose its momentum. The dollar, however, hit a new high since March 1 as United States 10-Year reached 2.99% for the first time in more than four years.

Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal.

Also weighing on gold prices was weaker demand for safe-haven assets after geopolitical tensions eased following easing U.S-China trade-war fears and amid signs of progress toward peace talks on the Korean peninsula.

U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China to discuss trade-related issues, while North Korea’s leader Kim Jong Un said he might be open to putting nuclear tests on hold.

In other precious metal trade, silver futures gained 0.44% to $16.660 a troy ounce, and platinum futures slipped 0.05% to $924.40 an ounce.

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Forex – Dollar Advances As U.S. Treasury Yields Reach New High

April 24, 2018, 03:31

Investing.com – The dollar continued to rally on Tuesday morning in Asia along with the higher yields on U.S. Treasuries that hit a four-year high, and the rally in the dollar weighed down the yen. Meanwhile, eyes were on the Aussie in the morning as Australia released some lacklustre CPI data.

The U.S. dollar index that tracks the greenback against a basket of six major currencies gained 0.01% to 90.70 at 11:28PM ET (03:28 GMT), the strongest level since March 1.

The dollar gained a momentum and hit a three-month high as United States 10-Year reached 2.99% for the first time in more than four years, as concern about inflation returned.

The recent bounce in yields and the dollar came as strengthening inflation prospects added to expectations of a more hawkish approach from the Federal Reserve this year.

As for the economic calendar, the U.S. will release its March new home sales data and CB consumer confidence for April later in the day. As the consumer confidence measures the overall economic activity, a higher-than-expected reading will further give the dollar a boost.

In Japan, the USD/JPY pair gained 0.08% to a one-month high at 108.81. The yen dropped as the dollar climbed thanks to increases in yields of U.S. Treasuries. Yields on 10-year notes are close to 3%, the highest level since early 2014.

The AUD/USD pair steadied at 0.7605. Australia’s first quarter consumer price inflation came in at 0.4% compared to the same period last year, missing the estimate of 0.5% and down from the previous quarter's print of 0.6%. The Aussie dropped in early morning amid disappointing economic data and a dovish Reserve Bank of Australia (RBA) that looks set to keep rates well into 2019, but the Aussie recovered later on.

In China, The People's Bank of China set the fix rate of yuan against the dollar at 6.3229 versus the previous day's 6.3034. The USD/CNY pair eased 0.03% to trade at 6.3154.

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Asian Equities Rise; Tech Stocks Remain Under Pressure

April 24, 2018, 01:40

Investing.com - Asian equities moved broadly higher at the opening Tuesday, although with some caution.

Hong Kong, China, Japan and Australia all were in the black at or shortly after opening despite some modest losses in the U.S. overnight, where both the Dow Jones Industrial Average and NASDAQ Composite gave up some ground and the S&P 500 gained just 0.01%. South Korean markets were the exception, quickly giving up modest early gains.

Putting pressure on Asian equities was a rally in the U.S. dollar, which hit a three-month high as yields on 10-Year U.S. Treasuries reached 2.99% for the first time in more than four years – although the dropped a little shortly after.

Also in focus in the morning in Asia were tech stocks, with semiconductor makers continuing to slide. On Friday, Apple (NASDAQ:AAPL) took a hit in U.S. trading, falling 4.1%, and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) , Apple’s main chip supplier, gave up 7% the same day after it trimmed its full year revenue target.

One company in focus on Tuesday was South Korea’s SK Hynix Inc (KS:000660)., the second largest maker of memory chips in the world after Samsung Electronics (KS:005930). Hynix released earnings on Tuesday that met market expectations with operating profits rising 77%. The company’s stock still dropped 4.03% on South Korea’s stock exchange as of 9PM ET (01:00 GMT). Earnings season continues this week with Samsung among the companies expected to release results Tuesday.

Hong Kong shares are coming off a loss Monday that followed on the heels of a weekly loss last week, the fourth in five weeks. The Hang Seng Index ended Monday down 0.54% and was trading up 0.26%.

Investors in Hong Kong as well as mainland China remain concerned about the prospects for increased trade tension between China and the U.S.

Trade tensions between China and the U.S. are still in focus and are likely to remain a motivator for investors. On Monday, the Shanghai Composite Index fell 0.1% but the big news was the fate of tech company ZTE Corp-H (HK:0763), which the U.S. has banned from selling parts and software. ZTE stock is currently halted from trading in both Hong Kong and Mainland China bourses.

In Shanghai, the Shanghai Shenzhen CSI 300 was trading up 0.37% shortly after the opening on Tuesday, after closing the day flat on Monday. The tech heavy SZSE Component was up 0.42% Tuesday morning.

Japan’s Nikkei 225 moved up in the morning, climbing 0.56% to 22,211.50.

Japanese stocks were supported by a weaker yen. The USD/JPY dropped as the dollar climbed thanks to increases in yields of US Treasuries. Yields on United States 10-Year notes are close to 3%, the highest level since early 2014.

Australian stocks also moved up, with the S&P/ASX 200 rising 0.26%.

The South Korea KOSPI was marginally down in morning trade, giving up early gains to drop 0.58%.

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Peru stocks higher at close of trade; S&P Lima General up 0.29%

April 23, 2018, 09:25

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

At the close in Lima, the S&P Lima General gained 0.29% to hit a new 5-year high.

The best performers of the session on the S&P Lima General were Bco Continenta (LM:CON), which rose 2.30% or 0.100 points to trade at 4.450 at the close. Meanwhile, Enel Distribucion Peru SAA (LM:ENE) added 1.72% or 0.100 points to end at 5.900 and Intergroup (LM:IFS) was up 1.34% or 0.562 points to 42.500 in late trade.

The worst performers of the session were Relapasa (LM:REL), which fell 3.23% or 0.010 points to trade at 0.300 at the close. Trevali Mining (LM:TV) declined 3.03% or 0.030 points to end at 0.960 and Panoro (LM:PML) was down 2.87% or 0.008 points to 0.271.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 14 to 10 and 16 ended unchanged.

Crude oil for June delivery was up 0.75% or 0.51 to $68.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.01% or 0.01 to hit $74.99 a barrel, while the June Gold Futures contract fell 0.87% or 11.70 to trade at $1326.60 a troy ounce.

USD/PEN was up 0.50% to 3.2345, while EUR/PEN fell 0.41% to 3.9481.

The US Dollar Index Futures was up 0.68% at 90.69.

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Day Ahead: Top 3 Things to Watch

April 23, 2018, 09:05

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

1. Housing Data, Consumer Confidence, Richmond Fed Manufacturing on Tap

Amid easing geopolitical tensions following improving U.S-China trade relations and signs of progress toward peace talks on the Korean peninsula, investor attention will likely remain on top-tier economic data, corporate earnings and rising U.S. bond yields.

The Commerce Department is expected to report new home sales in March rose 1.9% to 625,000 units from 618,000 units in February.

Economist forecast the Conference Board’s consumer confidence gauge due 10:00 am ET to show a cooler reading of 126.0 for April from 127.7 in the previous month.

The Richmond Fed manufacturing index data for March due 10:00 am ET is expected to increase to 16 from a reading of 15 in March.

The 10Y US Treasury yield will also be in focus as it neared a key 3% level Monday amid growing investor expectations for a continued uptick in U.S. economic growth and inflation.

The dollar rose against a basket of major currencies on Monday, hitting a more than seven week high, supported by rising U.S. bond yields and a slump in both the yen and Aussie dollar against the greenback.

2. API Data to Extend Crude Oil Rally?

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute (API) due Tuesday after data last week showed a draw in U.S. crude stockpiles.

The American Petroleum Institute reported last Tuesday crude oil stockpiles fell by 1.047 million barrels. The Energy Information Administration’s weekly report showed a 1.071 million barrel decline in crude supplies closely matching the API figure.

Crude oil futures started the week on the front foot rebounding from intraday weakness which followed bearish comments on OPEC cuts from Iran.

3. Alphabet to Lift Sentiment on Tech?

Google-parent company Alphabet traded roughly flat in afterhours after posting first-quarter earnings and revenue that beat Wall Street estimates but investors weighed the tech-giant’s ramp up in capital expenditure, which was more than double analysts’ estimates.

Alphabet posted first-quarter earnings of $9.93 per share on $31.15 billion in revenue, topping analysts’ expectations for earnings of $9.28 per share on $30.29 billion in revenue.

Capital expenditures for Alphabet's Google division rose to $7.7 billion for the first quarter of 2018, more than triple last year's expenditures of $2.41 billion and more than double the $3.5 billion analysts had expected for all of Alphabet’s divisions.

Advertising revenues, which forms a large chunk of Alphabet’s revenues, was $26.6 billion for the quarter.

Cost-per-click, the price Google charges for its ads, fell 7% year-on-year while the price for views of ads sold rose 8%.

Shares of Alphabet Inc Class A (NASDAQ:GOOGL) rose 0.19% in after hours trading to $1,069.50 after closing 0.33% lower at $1,073.81.

The report from Alphabet kicked off what is expected to be the busiest week of earnings which will include reports from tech behemoths Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Twitter.

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Bitcoin Trickles Lower; Bitcoin Cash Extends Rally

April 23, 2018, 08:39

Investing.com – Bitcoin traded roughly unchanged on Monday amid a lack of significant news to sway sentiment in either direction.

Bitcoin fell 0.85% to $8,848 on the Bitfinex exchange after rising above $9,000 before paring gains as investors awaited further catalysts to determine direction.

Despite the lack of significant crypto-related news, investors cheered ongoing signs of improvement in sentiment on cryptos after Goldman Sachs was reported to have appointed its first head of digital assets markets as it explores ways for its clients to invest in cryptocurrencies.

The recent turn in sentiment on cryptocurrencies has been characterized by a renewed investor demand as the total cryptomarket cap continued to edge higher.

The total market cap of cryptocurrencies rose to about $397 billion, at the time of writing, from about $378 billion last week.

Ripple XRP fell 2.04% to $0.86000 on the Poloniex exchange, while Ethereum fell 1% to $636.01.

BItcoin cash, meanwhile, rose 10.93% to $1,379.60, in part because mining group Antpool reduced the supply of bitcoin cash in circulation by “burning” a portion of the coins it receives as part of a mining reward, according to Bloomberg.

For the uninitiated, bitcoin cash miners are users who help maintain the system by validating transactions stored in “blocks” on the network.

Using powerful computer hardware, miners validate blocks by solving a complex “puzzle” – the more powerful the computer the faster its ability to solve the puzzle. Every time a "puzzle" is solved, a portion of bitcoin cash is distributed to the "puzzle solver" or miner.

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Mexico stocks higher at close of trade; S&P/BMV IPC up 0.02%

April 23, 2018, 08:29

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

At the close in Mexico, the S&P/BMV IPC gained 0.02%.

The best performers of the session on the S&P/BMV IPC were Grupo Financiero Inbursa , SAB De CV (MX:GFINBURO), which rose 2.40% or 0.730 points to trade at 31.150 at the close. Meanwhile, Grupo Aeroportuario del Pacifico SAB De CV Class B (MX:GAPB) added 2.33% or 4.53 points to end at 199.20 and Grupo Aeroportuario Del Sureste (MX:ASURB) was up 2.19% or 7.16 points to 333.61 in late trade.

The worst performers of the session were VOLARIS A (MX:VOLARA), which fell 15.79% or 2.07 points to trade at 11.04 at the close. Grupo LALA SA de CV (MX:LALAB) declined 3.98% or 0.99 points to end at 23.86 and El Puerto De Liverpool Sab De CV (MX:LIVEPOLC1) was down 2.00% or 2.62 points to 128.28.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 211 to 97 and 13 ended unchanged.

Shares in VOLARIS A (MX:VOLARA) fell to 3-years lows; falling 15.79% or 2.07 to 11.04.

Gold Futures for June delivery was down 0.94% or 12.60 to $1325.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.77% or 0.53 to hit $68.93 a barrel, while the June Brent oil contract rose 1.27% or 0.94 to trade at $75.00 a barrel.

USD/MXN was up 2.19% to 18.9333, while EUR/MXN rose 1.52% to 23.1127.

The US Dollar Index Futures was up 0.69% at 90.70.

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Canada stocks higher at close of trade; S&P/TSX Composite up 0.44%

April 23, 2018, 08:25

Investing.com – Canada stocks were higher after the close on Monday, as gains in the Energy, Consumer Discretionary and Consumer Staples sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.44% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Stars Group Inc (TO:TSGI), which rose 15.15% or 5.66 points to trade at 43.02 at the close. Meanwhile, Peyto Exploration&Development Corp (TO:PEY) added 6.95% or 0.77 points to end at 11.85 and Birchcliff Energy Ltd . (TO:BIR) was up 6.86% or 0.28 points to 4.36 in late trade.

The worst performers of the session were Aurora Cannabis Inc (TO:ACB), which fell 6.85% or 0.590 points to trade at 8.020 at the close. Canopy Growth Corp (TO:WEED) declined 6.20% or 1.860 points to end at 28.150 and Tahoe Resources Inc (TO:THO) was down 5.97% or 0.41 points to 6.46.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 594 to 513 and 127 ended unchanged.

Shares in Stars Group Inc (TO:TSGI) rose to all time highs; rising 15.15% or 5.66 to 43.02.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.58% to 15.30.

Gold Futures for June delivery was down 0.93% or 12.40 to $1325.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.75% or 0.51 to hit $68.91 a barrel, while the June Brent oil contract rose 1.24% or 0.92 to trade at $74.98 a barrel.

CAD/USD was down 0.63% to 0.7783, while CAD/EUR unchanged 0.00% to 0.6374.

The US Dollar Index Futures was up 0.69% at 90.70.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.06%

April 23, 2018, 08:25

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.06%, while the S&P 500 index gained 0.01%, and the NASDAQ Composite index fell 0.25%.

The best performers of the session on the Dow Jones Industrial Average were Merck&Company Inc (NYSE:MRK), which rose 2.41% or 1.42 points to trade at 60.25 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) added 1.59% or 0.76 points to end at 48.66 and Nike Inc (NYSE:NKE) was up 1.20% or 0.79 points to 66.88 in late trade.

The worst performers of the session were Goldman Sachs Group Inc (NYSE:GS), which fell 2.10% or 5.29 points to trade at 246.67 at the close. Procter&Gamble Company (NYSE:PG) declined 1.08% or 0.80 points to end at 73.00 and Walmart Inc (NYSE:WMT) was down 1.01% or 0.88 points to 86.10.

The top performers on the S&P 500 were Henry Schein Inc (NASDAQ:HSIC) which rose 6.83% to 73.79, Mattel Inc (NASDAQ:MAT) which was up 6.33% to settle at 13.78 and Hanesbrands Inc (NYSE:HBI) which gained 5.87% to close at 18.22.

The worst performers were Arconic Inc (NYSE:ARNC) which was down 5.20% to 22.05 in late trade, Micron Technology Inc (NASDAQ:MU) which lost 3.16% to settle at 49.02 and Western Digital Corporation (NASDAQ:WDC) which was down 2.86% to 87.00 at the close.

The top performers on the NASDAQ Composite were Check Cap Ltd (NASDAQ:CHEK) which rose 78.82% to 7.260, Integrated Media Technology Ltd (NASDAQ:IMTE) which was down 19.33% to settle at 2.42 and Foresight Autonomous Holdings Ltd ADR (NASDAQ:FRSX) which gained 17.21% to close at 3.61.

The worst performers were Prothena Corporation plc (NASDAQ:PRTA) which was down 68.78% to 11.50 in late trade, Akorn Inc (NASDAQ:AKRX) which lost 33.76% to settle at 13.05 and Westmoreland Coal Company (NASDAQ:WLB) which was down 29.82% to 0.20 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1667 to 1375 and 155 ended unchanged; on the Nasdaq Stock Exchange, 1448 fell and 1076 advanced, while 145 ended unchanged.

Shares in Procter&Gamble Company (NYSE:PG) fell to 52-week lows; down 1.08% or 0.80 to 73.00. Shares in Prothena Corporation plc (NASDAQ:PRTA) fell to 3-years lows; down 68.78% or 25.34 to 11.50. Shares in Akorn Inc (NASDAQ:AKRX) fell to 3-years lows; down 33.76% or 6.65 to 13.05. Shares in Westmoreland Coal Company (NASDAQ:WLB) fell to all time lows; down 29.82% or 0.09 to 0.20.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 3.26% to 16.33.

Gold Futures for June delivery was down 0.93% or 12.50 to $1325.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.75% or 0.51 to hit $68.91 a barrel, while the June Brent oil contract rose 1.27% or 0.94 to trade at $75.00 a barrel.

EUR/USD was down 0.65% to 1.2208, while USD/JPY rose 0.99% to 108.73.

The US Dollar Index Futures was up 0.69% at 90.70.

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Brazil stocks lower at close of trade; Bovespa down 0.04%

April 23, 2018, 08:25

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

At the close in Sao Paulo, the Bovespa declined 0.04%.

The best performers of the session on the Bovespa were Kroton Educacional SA (SA:KROT3), which rose 5.26% or 0.71 points to trade at 14.21 at the close. Meanwhile, Lojas Americanas SA (SA:LAME4) added 3.15% or 0.60 points to end at 19.64 and Magazine Luiza SA (SA:MGLU3) was up 3.05% or 2.96 points to 99.87 in late trade.

The worst performers of the session were Hypermarcas SA (SA:HYPE3), which fell 5.60% or 1.88 points to trade at 31.72 at the close. MRV Engenharia e Participacoes SA (SA:MRVE3) declined 2.28% or 0.34 points to end at 14.60 and Fleury SA (SA:FLRY3) was down 2.20% or 0.60 points to 26.70.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 238 to 211 and 30 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 3.33% to 27.58.

Gold Futures for June delivery was down 0.94% or 12.60 to $1325.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.75% or 0.51 to hit $68.91 a barrel, while the July US coffee C contract rose 0.88% or 1.03 to trade at $118.58 .

USD/BRL was up 1.02% to 3.4483, while EUR/BRL rose 0.35% to 4.2095.

The US Dollar Index Futures was up 0.69% at 90.70.

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Colombia stocks higher at close of trade; COLCAP up 0.97%

April 23, 2018, 08:15

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

At the close in Colombia, the COLCAP gained 0.97% to hit a new 1-month high.

The best performers of the session on the COLCAP were Promigas (CN:PMG), which rose 2.96% or 220.0 points to trade at 7660.0 at the close. Meanwhile, Cemex Latam Holdings SA (CN:CLH) added 0.98% or 90.0 points to end at 9240.0 and Interconnection Electric SA ESP (CN:ISA) was up 0.27% or 40.0 points to 14880.0 in late trade.

The worst performers of the session were Pfgrupoarg (CN:ARG_p), which fell 2.86% or 480.0 points to trade at 16320.0 at the close. Conconcret (CN:CIC) declined 2.56% or 25.0 points to end at 952.0 and Bcolombia (CN:BIC) was down 2.01% or 700.0 points to 34200.0.

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

Shares in Interconnection Electric SA ESP (CN:ISA) rose to 5-year highs; gaining 0.27% or 40.0 to 14880.0.

US coffee C for July delivery was up 0.88% or 1.03 to $118.58 . Elsewhere in commodities trading, US cocoa for delivery in July fell 0.04% or 1.00 to hit $2728.00 , while the June Gold Futures contract fell 0.91% or 12.20 to trade at $1326.10 a troy ounce.

USD/COP was up 1.56% to 2803.69, while BRL/COP rose 0.52% to 812.83.

The US Dollar Index Futures was up 0.69% at 90.70.

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Crude Oil Prices Sidestep Bearish Iran Comments on OPEC Cuts to Settle Higher

April 23, 2018, 06:40

Investing.com - Crude oil prices settled higher on Monday as investors weighed bearish comments from Iran concerning an extension to the output-cut agreemnt against a drop in global oil supplies.

On the New York Mercantile Exchange crude futures for June delivery rose 24 cents to settle at $68.64 a barrel, while on London's Intercontinental Exchange, Brent rose 0.97% to trade at $74.80 a barrel.

Sentiment on an extension to the output-cut agreement were dented somewhat after Iran's oil minister Bijan Zanganeh claimed that a continued rise in crude oil prices would nullify the need to extend the OPEC-lead deal.

Zanganeh confirmed Iran was exporting just over 2.5 million barrels per day, which is around a 30% increase from March levels, Bloomberg reported.

This comes as growing investor expectations the U.S. was set to impose new Iranian sanctions in May, limiting the country’s oil output, paving the way for an extended rally in crude prices.

“New Iranian sanctions in May would likely be the catalyst needed to encourage long-term buyers to revisit US E&P’s in a more serious way and could lead to materially higher oil prices, erase the backwardation in crude and provide a path for prices to stay elevated for quite some time,” said NatAlliance Securities Energy Specialist Leo Mariani.

The output agreement is close to ridding the market of excess supplies of crude, which stood at just 12 million barrels above the five-year average, Reuters reported last week, citing a source familiar with the matter.

In November 2016, OPEC and other producers, including Russia agreed to cut output by 1.8 million barrels per day (bpd) to slash global inventories to the five year-average. The OPEC-led deal was renewed last year through 2018.

Also supporting sentiment on crude prices was a slight disruption in global crude supplies after Bloomberg reported that rebels attacked Libya’s Waha oil pipeline on Sunday, which knocked 80,000 barrels per day offline.

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Gold prices Tumble 1% as Dollar, Yields Jump

April 23, 2018, 06:10

Investing.com – Gold prices tumbled pressured by easing geopolitical tensions and continued dollar strength on the back of the rising US bond yields.

Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $13.50, or 1.01%, to $1,324.80 a troy ounce.

Gold prices languished at more than two-week lows as the dollar jumped to an eight-week high against a basket of major currencies buoyed by a continued uptick dollar as the 10-Year U.S. Treasury yield neared 3%.

Gold is sensitive to moves higher in both bond yields and the U.S. dollar – A stronger dollar makes gold more expensive for holders of foreign currency, while a rise in U.S. rates, lift the opportunity cost of holding non-yielding assets such as bullion.

Also weighing on gold prices was waning safe-haven demand after geopolitical tensions eased following easing U.S-China trade-war fears and amid signs of progress toward peace talks on the Korean peninsula.

North Korea said at the weekend it would suspend nuclear and missile tests ahead of planned summits with South Korea and the United States. This comes as U.S. President Donald Trump said last week that he hoped a summit with North Korean leader Kim Jong Un would be successful.

Easing U.S.-China tensions also lessened demand for safe-haven gold after U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China to discuss trade-related issues.

In other precious metal trade, silver futures fell 3.13% to $16.625 a troy ounce, while platinum futures fell 0.88% to $923.60 an ounce.

Copper fell 0.93% to $3.11.

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Dollar Hits 8-Week High as 10Y Yield Nears 3%; Yen, Aussie Dollar Slumps

April 23, 2018, 05:30

Investing.com – The dollar rose to an eight-week high against a basket of currencies amid a slump in both the yen and Aussie dollar, while a rise in the 10-year U.S. treasury yield close an important 3% level also lifted sentiment.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.65% to 90.67.

The 10-year US treasury yield neared an important 3% level as investors added to bets for the Federal Reserve to hike rates four times this year.

According to investing.com’s Fed rate monitor tool, the odds of a fourth rate hike rose to 40% from about 25% last month. This comes on the back of growing investor expectations for a continued uptick in U.S. economic growth and inflation.

A flurry of mostly positive economic data also underpinned a move higher in the greenback as services, manufacturing PMIs and housing data topped economists’ estimates.

Easing U.S.-China trade relations, meanwhile, also helped lift sentiment on the greenback after U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China to discuss trade-related issues.

Easing trade-war fears, lessened demand for safe-haven yen, as USD/JPY rose 0.93% to Y108.66, its highest in more than two months. Weakness in the yen comes despite growing uncertainty surrounding the future of Japan Prime Minister Shinzo Abe after his approval ratings continued to edged lower.

Elsewhere, reports the U.S. may lift sanctions on Rusal, eased commodity supply shortage fears, sending the commodity-sensitive AUD/USD tumbling to $0.7609, down 0.82%.

GBP/USD fell below $1.4000, while EUR/USD fell 0.63% to $1.2211 ahead of the European Central Bank meeting slated for Thursday.

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Nigeria stocks higher at close of trade; NSE 30 up 0.07%

April 23, 2018, 05:15

Investing.com – Nigeria stocks were higher after the close on Monday, as gains in the Oil&Gas, Food, Beverages&Tobacco and Insurance sectors led shares higher.

At the close in Lagos, the NSE 30 added 0.07%.

The best performers of the session on the NSE 30 were Nestle Nig (LAGOS:NESTLE), which rose 5.00% or 71.10 points to trade at 1493.60 at the close. Meanwhile, Fbn Holdings (LAGOS:FBNH) added 4.67% or 0.600 points to end at 13.450 and Nig Brew (LAGOS:NB) was up 2.85% or 3.60 points to 129.70 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 4.67% or 1.05 points to trade at 21.45 at the close. Skye Bank (LAGOS:SKYEBAN) declined 4.21% or 0.040 points to end at 0.910 and Dangsugar (LAGOS:DANGSUG) was down 3.97% or 0.85 points to 20.65.

Falling stocks outnumbered advancing ones on the Lagos by 49 to 33 and 21 ended unchanged.

Crude oil for June delivery was down 0.03% or 0.02 to $68.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.46% or 0.34 to hit $74.40 a barrel, while the June Gold Futures contract fell 1.00% or 13.40 to trade at $1324.90 a troy ounce.

EUR/NGN was down 0.60% to 440.250, while USD/NGN unchanged 0.00% to 360.000.

The US Dollar Index Futures was up 0.67% at 90.68.

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Morocco stocks lower at close of trade; Moroccan All Shares down 0.11%

April 23, 2018, 05:05

Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Hotels, Restaurants&Leisure, Real Estate and Oil&Gas sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.11%.

The best performers of the session on the Moroccan All Shares were Timar (CS:TIM), which rose 9.88% or 21.75 points to trade at 241.80 at the close. Meanwhile, Involys (CS:INV) added 7.45% or 9.50 points to end at 137.00 and Agma Lahlou-Tazi (CS:AGMA) was up 6.00% or 174 points to 3076 in late trade.

The worst performers of the session were Risma (CS:RIS), which fell 3.34% or 5.95 points to trade at 172.00 at the close. Residences Dar Saada SA (CS:RDS) declined 3.20% or 4.00 points to end at 121.00 and Douja Prom Addoha (CS:ADH) was down 2.93% or 0.74 points to 24.55.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 21 to 17 and 5 ended unchanged.

Crude oil for June delivery was down 0.22% or 0.15 to $68.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.30% or 0.22 to hit $74.28 a barrel, while the June Gold Futures contract fell 0.99% or 13.30 to trade at $1325.00 a troy ounce.

EUR/MAD was down 0.23% to 11.2840, while USD/MAD rose 0.37% to 9.2366.

The US Dollar Index Futures was up 0.63% at 90.65.

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Portugal stocks higher at close of trade; PSI 20 up 0.30%

April 23, 2018, 04:45

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

At the close in Lisbon, the PSI 20 added 0.30% to hit a new 1-month high.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 6.32% or 0.0135 points to trade at 0.2270 at the close. Meanwhile, Altri SGPS (LS:ALSS) added 1.86% or 0.1100 points to end at 6.0100 and Galp Energia Nom (LS:GALP) was up 1.85% or 0.2950 points to 16.2450 in late trade.

The worst performers of the session were F.Rama (LS:RAMA), which fell 3.91% or 0.500 points to trade at 12.300 at the close. Corticeira Amorim (LS:CORA) declined 1.77% or 0.200 points to end at 11.100 and J. Martins SGPS (LS:JMT) was down 1.09% or 0.1550 points to 14.0450.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 18 to 16 and 2 ended unchanged.

Shares in Altri SGPS (LS:ALSS) rose to all time highs; gaining 1.86% or 0.1100 to 6.0100. Shares in J. Martins SGPS (LS:JMT) fell to 52-week lows; down 1.09% or 0.1550 to 14.0450.

Brent oil for June delivery was up 0.20% or 0.15 to $74.21 a barrel. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.31% or 0.21 to hit $68.19 a barrel, while the June Gold Futures contract fell 0.98% or 13.10 to trade at $1325.20 a troy ounce.

EUR/USD was down 0.59% to 1.2215, while EUR/GBP fell 0.19% to 0.8759.

The US Dollar Index Futures was up 0.63% at 90.65.

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Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.37%

April 23, 2018, 04:35

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

At the close in Copenhagen, the OMX Copenhagen 20 added 0.37%.

The best performers of the session on the OMX Copenhagen 20 were DSV (CO:DSV), which rose 1.72% or 8.4 points to trade at 496.9 at the close. Meanwhile, Coloplast A/S (CO:COLOb) added 1.38% or 7.2 points to end at 528.2 and Novozymes A/S B (CO:NZYMb) was up 1.10% or 3.4 points to 312.2 in late trade.

The worst performers of the session were Genmab (CO:GEN), which fell 1.07% or 13.5 points to trade at 1253.5 at the close. Chr. Hansen Holding A/S (CO:CHRH) declined 0.71% or 4.0 points to end at 562.2 and AP Moeller - Maersk A/S B (CO:MAERSKb) was down 0.59% or 56 points to 9488.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 68 to 55 and 13 ended unchanged.

Crude oil for June delivery was down 0.19% or 0.13 to $68.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.34% or 0.25 to hit $74.31 a barrel, while the June Gold Futures contract fell 0.98% or 13.10 to trade at $1325.20 a troy ounce.

USD/DKK was up 0.60% to 6.0976, while EUR/DKK rose 0.00% to 7.4478.

The US Dollar Index Futures was up 0.62% at 90.64.

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Spain stocks higher at close of trade; IBEX 35 up 0.38%

April 23, 2018, 04:35

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

At the close in Madrid, the IBEX 35 gained 0.38% to hit a new 1-month high.

The best performers of the session on the IBEX 35 were Mapfre (MC:MAP), which rose 2.13% or 0.060 points to trade at 2.882 at the close. Meanwhile, Caixabank SA (MC:CABK) added 1.42% or 0.057 points to end at 4.060 and B. Sabadell (MC:SABE) was up 1.41% or 0.025 points to 1.766 in late trade.

The worst performers of the session were Acerinox (MC:ACX), which fell 1.72% or 0.210 points to trade at 12.010 at the close. Indra A (MC:IDR) declined 1.53% or 0.170 points to end at 10.950 and Gas Natural (MC:GAS) was down 1.40% or 0.290 points to 20.380.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 108 to 71 and 20 ended unchanged.

Gold Futures for June delivery was down 0.96% or 12.90 to $1325.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.26% or 0.18 to hit $68.22 a barrel, while the June Brent oil contract rose 0.24% or 0.18 to trade at $74.24 a barrel.

EUR/USD was down 0.60% to 1.2214, while EUR/GBP fell 0.21% to 0.8758.

The US Dollar Index Futures was up 0.62% at 90.64.

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France stocks higher at close of trade; CAC 40 up 0.48%

April 23, 2018, 04:35

Investing.com – France stocks were higher after the close on Monday, as gains in the Oil&Gas, Financials and Industrials sectors led shares higher.

At the close in Paris, the CAC 40 added 0.48% to hit a new 1-month high, while the SBF 120 index climbed 0.29%.

The best performers of the session on the CAC 40 were Airbus Group SE (PA:AIR), which rose 2.11% or 1.99 points to trade at 96.16 at the close. Meanwhile, TechnipFMC PLC (PA:FTI) added 1.86% or 0.50 points to end at 27.42 and Compagnie de Saint Gobain SA (PA:SGOB) was up 1.28% or 0.56 points to 44.57 in late trade.

The worst performers of the session were Pernod Ricard SA (PA:PERP), which fell 1.83% or 2.55 points to trade at 136.45 at the close. Legrand SA (PA:LEGD) declined 1.10% or 0.72 points to end at 64.48 and Essilor International Compagnie Generale d’Optique SA (PA:ESSI) was down 0.87% or 1.00 points to 113.45.

The top performers on the SBF 120 were Vallourec (PA:VLLP) which rose 2.96% to 5.220, Airbus Group SE (PA:AIR) which was up 2.11% to settle at 96.16 and Metropole TV (PA:MMTP) which gained 2.04% to close at 20.96.

The worst performers were SES (PA:SESFd) which was down 8.03% to 11.68 in late trade, Eramet (PA:ERMT) which lost 5.69% to settle at 139.20 and Groupe FNAC (PA:FNAC) which was down 4.81% to 88.100 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 288 to 272 and 91 ended unchanged.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 1.74% to 12.35.

Gold Futures for June delivery was down 0.96% or 12.90 to $1325.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.26% or 0.18 to hit $68.22 a barrel, while the June Brent oil contract rose 0.23% or 0.17 to trade at $74.23 a barrel.

EUR/USD was down 0.60% to 1.2214, while EUR/GBP fell 0.22% to 0.8757.

The US Dollar Index Futures was up 0.62% at 90.64.

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Russia stocks higher at close of trade; MOEX Russia up 0.82%

April 23, 2018, 04:35

Investing.com – Russia stocks were higher after the close on Monday, as gains in the Mining, Power and Oil&Gas sectors led shares higher.

At the close in Moscow, the MOEX Russia rose 0.82%.

The best performers of the session on the MOEX Russia were United Company Rusal Plc (MCX:RUAL), which rose 17.65% or 4.050 points to trade at 27.000 at the close. Meanwhile, Rosseti ao (MCX:RSTI) added 5.88% or 0.0470 points to end at 0.8470 and NPK OVK PAO (MCX:UWGN) was up 4.88% or 33.5 points to 720.0 in late trade.

The worst performers of the session were Safmar Finansovye Investitsii PAO (MCX:SFIN), which fell 3.06% or 17.5 points to trade at 555.0 at the close. Moskovskaya Birzha OAO (MCX:MOEX) declined 2.02% or 2.34 points to end at 113.65 and MegaFon OAO (MCX:MFON) was down 1.75% or 8.60 points to 483.40.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 116 to 93 and 16 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 1.99% to 31.850.

Gold Futures for June delivery was down 0.96% or 12.90 to $1325.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.26% or 0.18 to hit $68.22 a barrel, while the June Brent oil contract rose 0.24% or 0.18 to trade at $74.24 a barrel.

USD/RUB was up 0.76% to 61.8648, while EUR/RUB rose 0.17% to 75.5917.

The US Dollar Index Futures was up 0.62% at 90.64.

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Finland stocks higher at close of trade; OMX Helsinki 25 up 0.37%

April 23, 2018, 04:30

Investing.com – Finland stocks were higher after the close on Monday, as gains in the Healthcare, Telecoms and Financials sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 added 0.37% to hit a new 1-month high.

The best performers of the session on the OMX Helsinki 25 were Telia Company AB (HE:TELIA1), which rose 2.93% or 0.117 points to trade at 4.105 at the close. Meanwhile, Orion Oyj B (HE:ORNBV) added 2.75% or 0.71 points to end at 26.54 and Sampo Oyj A (HE:SAMPO) was up 1.54% or 0.67 points to 44.29 in late trade.

The worst performers of the session were Huhtamaki Oyj (HE:HUH1V), which fell 2.99% or 1.07 points to trade at 34.76 at the close. KONE Oyj (HE:KNEBV) declined 1.06% or 0.43 points to end at 40.32 and Outokumpu Oyj (HE:OUT1V) was down 0.72% or 0.0440 points to 6.0760.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 81 to 66 and 14 ended unchanged.

Brent oil for June delivery was up 0.26% or 0.19 to $74.25 a barrel. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.26% or 0.18 to hit $68.22 a barrel, while the June Gold Futures contract fell 0.97% or 13.00 to trade at $1325.30 a troy ounce.

EUR/USD was down 0.60% to 1.2214, while EUR/GBP fell 0.22% to 0.8757.

The US Dollar Index Futures was up 0.62% at 90.64.

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Italy stocks higher at close of trade; Investing.com Italy 40 up 1.03%

April 23, 2018, 04:35

Investing.com – Italy stocks were higher after the close on Monday, as gains in the Financials, Technology and Oil&Gas sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 gained 1.03% to hit a new 1-month high.

The best performers of the session on the Investing.com Italy 40 were Fiat Chrysler Automobiles NV (MI:FCHA), which rose 2.11% or 0.406 points to trade at 19.680 at the close. Meanwhile, Mediobanca (MI:MDBI) added 2.02% or 0.205 points to end at 10.375 and UnipolSai Assicurazioni SpA (MI:US) was up 1.88% or 0.040 points to 2.173 in late trade.

The worst performers of the session were Luxottica Group (MI:LUX), which fell 2.17% or 1.14 points to trade at 51.40 at the close. Italgas SpA (MI:IG) declined 1.58% or 0.082 points to end at 5.092 and Prysmian (MI:PRY) was down 0.93% or 0.23 points to 24.57.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 206 to 132 and 27 ended unchanged.

Shares in Mediobanca (MI:MDBI) rose to 5-year highs; rising 2.02% or 0.205 to 10.375.

Crude oil for June delivery was down 0.25% or 0.17 to $68.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.28% or 0.21 to hit $74.27 a barrel, while the June Gold Futures contract fell 0.97% or 13.00 to trade at $1325.30 a troy ounce.

EUR/USD was down 0.60% to 1.2214, while EUR/GBP fell 0.22% to 0.8757.

The US Dollar Index Futures was up 0.62% at 90.64.

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Netherlands stocks higher at close of trade; AEX up 0.70%

April 23, 2018, 04:35

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

At the close in Amsterdam, the AEX added 0.70% to hit a new 1-month high.

The best performers of the session on the AEX were Koninklijke Philips NV (AS:PHG), which rose 5.53% or 1.82 points to trade at 34.75 at the close. Meanwhile, ASR Nederland NV (AS:ASRNL) added 2.18% or 0.82 points to end at 38.44 and Altice NV (AS:ATCA) was up 1.83% or 0.15 points to 8.45 in late trade.

The worst performers of the session were Randstad Holding NV (AS:RAND), which fell 1.26% or 0.70 points to trade at 54.80 at the close. Heineken (AS:HEIN) declined 1.12% or 0.98 points to end at 86.66 and Akzo Nobel (AS:AKZO) was down 0.69% or 0.54 points to 78.00.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 68 to 53 and 12 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was up 2.00% to 11.69.

Crude oil for June delivery was down 0.26% or 0.18 to $68.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.28% or 0.21 to hit $74.27 a barrel, while the June Gold Futures contract fell 0.97% or 13.00 to trade at $1325.30 a troy ounce.

EUR/USD was down 0.60% to 1.2214, while EUR/GBP fell 0.23% to 0.8756.

The US Dollar Index Futures was up 0.62% at 90.64.

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Belgium stocks higher at close of trade; BEL 20 up 0.44%

April 23, 2018, 04:20

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

At the close in Brussels, the BEL 20 gained 0.44% to hit a new 1-month high.

The best performers of the session on the BEL 20 were Proximus NV (BR:PROX), which rose 2.06% or 0.53 points to trade at 26.28 at the close. Meanwhile, bpost NV (BR:BPOST) added 1.76% or 0.32 points to end at 18.55 and KBC (BR:KBC) was up 1.15% or 0.840 points to 73.800 in late trade.

The worst performers of the session were Ontex Group (BR:ONTEX), which fell 4.60% or 0.96 points to trade at 19.90 at the close. Umicore SA (BR:UMI) declined 1.65% or 0.72 points to end at 42.98 and Aperam SA (AS:APAM) was down 1.15% or 0.49 points to 42.17.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 62 to 47 and 18 ended unchanged.

Shares in Ontex Group (BR:ONTEX) fell to 3-years lows; down 4.60% or 0.96 to 19.90.

Gold Futures for June delivery was down 0.98% or 13.10 to $1325.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.42% or 0.29 to hit $68.11 a barrel, while the June Brent oil contract rose 0.11% or 0.08 to trade at $74.14 a barrel.

EUR/USD was down 0.59% to 1.2215, while EUR/GBP fell 0.21% to 0.8758.

The US Dollar Index Futures was up 0.62% at 90.64.

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U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.41%

April 23, 2018, 04:15

Investing.com – U.K. stocks were higher after the close on Monday, as gains in the Industrial Engineering, Mobile Telecommunications and Oil Equipment Services&Distribution sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 rose 0.41% to hit a new 1-month high.

The best performers of the session on the Investing.com United Kingdom 100 were Capita PLC (LON:CPI), which rose 13.14% or 21.00 points to trade at 180.80 at the close. Meanwhile, Hikma Pharmaceuticals PLC (LON:HIK) added 4.14% or 50.00 points to end at 1258.00 and St. James’s Place PLC (LON:SJP) was up 3.33% or 37.00 points to 1146.50 in late trade.

The worst performers of the session were Bunzl PLC (LON:BNZL), which fell 2.58% or 55.00 points to trade at 2075.00 at the close. WPP PLC (LON:WPP) declined 2.49% or 28.50 points to end at 1118.00 and National Grid PLC (LON:NG) was down 2.02% or 16.40 points to 796.50.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1098 to 864 and 146 ended unchanged.

Gold Futures for June delivery was down 0.97% or 13.00 to $1325.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.41% or 0.28 to hit $68.12 a barrel, while the June Brent oil contract rose 0.11% or 0.08 to trade at $74.14 a barrel.

GBP/USD was down 0.36% to 1.3952, while EUR/GBP fell 0.23% to 0.8756.

The US Dollar Index Futures was up 0.60% at 90.62.

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