Peru stocks lower at close of trade; S&P Lima General down 0.59%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the S&P Lima Juniors, Electricity and Services sectors led shares lower.

At the close in Lima, the S&P Lima General lost 0.59% to hit a new 3-months low.

The best performers of the session on the S&P Lima General were Trevali Mining (LM:TV), which rose 2.50% or 0.020 points to trade at 0.820 at the close. Meanwhile, Sider (LM:SID) added 1.51% or 0.010 points to end at 0.670 and Bco Continenta (LM:CON) was up 1.10% or 0.046 points to 4.230 in late trade.

The worst performers of the session were Relapasa (LM:REL), which fell 5.74% or 0.014 points to trade at 0.230 at the close. Sociedad Minera el Brocal SAA (LM:BRO) declined 5.56% or 0.500 points to end at 8.500 and PPX Mining Corp (LM:PPX) was 5.41% or 0.00 points to 0.07.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 18 to 8 and 13 ended unchanged.

Crude oil for August delivery was up 0.72% or 0.47 to $65.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.09% or 0.07 to hit $74.24 a barrel, while the August Gold Futures contract fell 0.68% or 8.70 to trade at $1269.90 a troy ounce.

USD/PEN was down 0.12% to 3.2785, while EUR/PEN rose 0.11% to 3.8026.

The US Dollar Index Futures was up 0.14% at 94.78.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.17%

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

At the close in NYSE, the Dow Jones Industrial Average declined 0.17%, while the S&P 500 index climbed 0.17%, and the NASDAQ Composite index climbed 0.72%.

The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 1.00% or 1.01 points to trade at 101.87 at the close. Meanwhile, Intel Corporation (NASDAQ:INTC) added 1.04% or 0.55 points to end at 53.48 and Walt Disney Company (NYSE:DIS) was up 0.99% or 1.05 points to 107.15 in late trade.

The worst performers of the session were The Travelers Companies Inc (NYSE:TRV), which fell 2.47% or 3.17 points to trade at 124.99 at the close. McDonald’s Corporation (NYSE:MCD) declined 1.46% or 2.41 points to end at 162.56 and International Business Machines (NYSE:IBM) was down 0.88% or 1.27 points to 142.63.

The top performers on the S&P 500 were Twenty-First Century Fox Inc A (NASDAQ:FOXA) which rose 7.54% to 48.08, Twenty-First Century Fox Inc (NASDAQ:FOX) which was up 7.38% to settle at 47.56 and Apache Corporation (NYSE:APA) which gained 5.59% to close at 45.68.

The worst performers were Starbucks Corporation (NASDAQ:SBUX) which was down 9.07% to 52.22 in late trade, Oracle Corporation (NYSE:ORCL) which lost 7.46% to settle at 42.82 and Hewlett Packard Enterprise Co (NYSE:HPE) which was down 4.69% to 15.15 at the close.

The top performers on the NASDAQ Composite were Naked Brand Group Inc (NASDAQ:NAKD) which rose 434.59% to 8.500, CLPS Inc (NASDAQ:CLPS) which was up 55.67% to settle at 16.75 and Forward Industries Inc (NASDAQ:FORD) which gained 54.93% to close at 2.200.

The worst performers were Anika Therapeutics Inc (NASDAQ:ANIK) which was down 37.62% to 28.77 in late trade, Gevo Inc (NASDAQ:GEVO) which lost 37.13% to settle at 12.2600 and Helios and Matheson Analytics Inc (NASDAQ:HMNY) which was down 30.65% to 0.312 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1888 to 1164 and 124 ended unchanged; on the Nasdaq Stock Exchange, 1630 rose and 923 declined, while 111 ended unchanged.

Shares in Twenty-First Century Fox Inc A (NASDAQ:FOXA) rose to all time highs; up 7.54% or 3.37 to 48.08. Shares in Starbucks Corporation (NASDAQ:SBUX) fell to 52-week lows; losing 9.07% or 5.21 to 52.22. Shares in Twenty-First Century Fox Inc (NASDAQ:FOX) rose to all time highs; up 7.38% or 3.27 to 47.56. Shares in Oracle Corporation (NYSE:ORCL) fell to 52-week lows; falling 7.46% or 3.45 to 42.82. Shares in Naked Brand Group Inc (NASDAQ:NAKD) rose to 3-years highs; gaining 434.59% or 6.910 to 8.500. Shares in Anika Therapeutics Inc (NASDAQ:ANIK) fell to 3-years lows; down 37.62% or 17.35 to 28.77. Shares in CLPS Inc (NASDAQ:CLPS) rose to all time highs; rising 55.67% or 5.99 to 16.75. Shares in Helios and Matheson Analytics Inc (NASDAQ:HMNY) fell to all time lows; down 30.65% or 0.138 to 0.312.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 4.04% to 12.81.

Gold Futures for August delivery was down 0.63% or 8.10 to $1270.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.79% or 0.51 to hit $65.41 a barrel, while the August Brent oil contract fell 1.16% or 0.87 to trade at $74.21 a barrel.

EUR/USD was down 0.05% to 1.1583, while USD/JPY rose 0.29% to 110.37.

The US Dollar Index Futures was up 0.11% at 94.75.

Colombia stocks lower at close of trade; COLCAP down 0.34%

Investing.com – Colombia stocks were lower after the close on Wednesday, as losses in the Industrials, Investment and Financials sectors led shares lower.

At the close in Colombia, the COLCAP lost 0.34%.

The best performers of the session on the COLCAP were Etb (CN:ETB), which rose 2.36% or 9.0 points to trade at 391.0 at the close. Meanwhile, Celsia SA (CN:CEL) added 1.86% or 85.0 points to end at 4650.0 and Conconcret (CN:CIC) was up 1.15% or 9.0 points to 790.0 in late trade.

The worst performers of the session were Bcolombia (CN:BIC), which fell 1.12% or 380.0 points to trade at 33620.0 at the close. Avianca Holdings Pf (CN:AVT_p) declined 0.58% or 15.0 points to end at 2590.0 and Grupo Aval Acciones y Valores SA Pref (CN:GAA_p) was down 0.41% or 5.0 points to 1210.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 18 to 10 and 3 ended unchanged.

US coffee C for September delivery was up 0.31% or 0.36 to $116.78 . Elsewhere in commodities trading, US cocoa for delivery in September rose 4.54% or 111.00 to hit $2557.00 , while the August Gold Futures contract fell 0.59% or 7.60 to trade at $1271.00 a troy ounce.

USD/COP was down 0.10% to 2919.50, while BRL/COP fell 0.88% to 773.95.

The US Dollar Index Futures was up 0.11% at 94.75.

Bitcoin Steadies Amid Fresh Cyberattack of Major Crypto Exchange

Investing.com – Bitcoin's steadied from a drop earlier in the session, shrugging off a report of a cyberattack on a major cryptocurrency exchange.

Bitcoin rose 0.29% to $6,754.4 on the Bitfinex exchange, after falling to a low of $6,560.0 earlier during the session.

South Korean crypto-exchange Bithumb – the sixth largest crypto exchange in the world by trading volume – confirmed that cyber thieves had successfully stolen $31 million worth of cryptos following a successful attack between late Tuesday night and early Wednesday morning.

This is the second major cyberattack of a large crypto exchange in June after crypto-exchange Coinrail confirmed a security breach a little over a week ago.

Bitcoin steadied, however, as traders appeared willing to buy the popular crypto on weakness – a potential sign tentative demand is returning to the crypto market.

The total market cap of cryptocurrencies rose to about $289 billion, at the time of writing, from $287 billion at the start of the week. Bitcoin appears to have absorbed a large chuck of the uptick in inflows as other large-cap cryptos struggled.

Ripple XRP rose 0.45% to $0.54182 on the Poloniex exchange, while Ethereum fell 0.56% to $535.48.

Bitcoin Cash fell 1.47% to $887.89, while Litecoin fell 0.34% to $97.76.

Crude Oil Prices Settle Higher Amid Massive Draw in U.S. Crude Supplies

Investing.com – WTI crude oil prices settled higher buoyed by data showing a massive draw in U.S. crude supplies for the second-straight week and investor expectations major oil producers may opt for a modest output hike at a meeting this week.

On the New York Mercantile Exchange crude futures for July delivery rose 1.8% to settle at $66.22 a barrel, while on London's Intercontinental Exchange, Brent fell 0.75% to trade at $74.52 a barrel.

Inventories of U.S. crude fell by 5.914 million barrels for the week ended June 15, topping expectations for a draw of 2.100 million barrels, according to data from the Energy Information Administration (EIA).

A rise in refinery runs to 17.7 million barrels per day (bpd), underpinned a build in product inventories as both gasoline and distillate stockpiles increased by more than analysts had forecast.

Gasoline inventories – one of the products that crude is refined into – increased by 3.277 million barrels, confounding expectations for a build of just 0.188 million barrels, while supplies of distillate – the class of fuels that includes diesel and heating oil – unexpectedly rose by 2.715 million barrels, confounding expectations for a draw of 0.164 million barrels.

U.S. oil output, meanwhile, remained at a record 10.9 million bpd, after rising 100,000 bpd in the previous week, according to the EIA. That leaves the U.S. firmly positioned as the second largest oil producer behind Russia.

The mixed report on crude and product inventories came amid comments from Iranian Oil Minister Bijan Zanganeh, who signalled he may be open to a modest uptick in production.

Zanganeh said OPEC members that had cut output beyond levels specified in the production-cut agreement should return to compliance, easing fears that major oil producers like Saudi Arabia would hike output aggressively.

OPEC and its allies' 1.8 million (bpd) production-cut agreement agreed in November 2016 has rid the market of excess crude supplies. The OPEC-led deal is expected to come under review at the oil-cartel's meeting due Friday.

Gold Prices Hover Above Session Lows as U.S. Bond Yields Rise

Investing.com – Gold prices hovered above session lows Wednesday as fears of a full-blown trade war between the U.S-China eased, sending U.S. bond yields higher, hurting demand for safe-haven gold.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $4.00 or 0.31%, to $1,274.60 a troy ounce, hovering above a session low of $1,273.30.

The U.S. 10Y Treasury yields rose sharply as investor sentiment swung to riskier assets on the back of easing trade concerns and hawkish remarks from Fed chairman Jerome Powell, who said the case for gradual rate hikes was "strong."

Gold is sensitive to moves in higher in U.S. bond yields, which lift the opportunity cost of holding gold as it pays no interest.

Powell also said, however, that the threat of trade policy changes could force the Fed to question its outlook on monetary policy, which some analysts suggested may stem losses in the yellow metal.

"One saving grace for the Gold market is that the threat of a trade war can put the Fed in a holding pattern on future rate hikes," said Dillon Gage's metals division.

Gold prices have been mostly shunned as a possible destination for safe-haven flows despite recent threats of more tariffs from both the U.S. and China as investors fear the dollar has further room to advance.

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

In other precious metal trade, silver futures fell 0.11% to $16.31 a troy ounce, while platinum futures rose 0.86% to $872.30 an ounce.

Copper prices lost 0.03% to $3.05 coming off their lowest point this month as traders fret a U.S.-China trade war would slowdown both Chinese copper demand and commodities imports.

Nigeria stocks lower at close of trade; NSE 30 down 0.15%

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

At the close in Lagos, the NSE 30 lost 0.15%.

The best performers of the session on the NSE 30 were Total Nig (LAGOS:TOTAL), which rose 4.97% or 9.60 points to trade at 202.90 at the close. Meanwhile, Zenithbank (LAGOS:ZENITHB) added 1.96% or 0.50 points to end at 26.00 and Wemabank (LAGOS:WEMABAN) was up 1.37% or 0.010 points to 0.720 in late trade.

The worst performers of the session were Unilever Nig (LAGOS:UNILEVE), which fell 5.00% or 2.65 points to trade at 50.35 at the close. Pz Cussons LG (LAGOS:PZ) declined 4.82% or 1.00 points to end at 19.75 and Union Bank LG (LAGOS:UBN) was down 4.20% or 0.25 points to 5.95.

Falling stocks outnumbered advancing ones on the Lagos by 53 to 32 and 18 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; falling 4.82% or 1.00 to 19.75.

Crude oil for August delivery was up 0.83% or 0.54 to $65.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.44% or 0.33 to hit $74.75 a barrel, while the August Gold Futures contract fell 0.26% or 3.30 to trade at $1275.30 a troy ounce.

EUR/NGN was up 0.07% to 416.200, while USD/NGN rose 0.14% to 361.000.

The US Dollar Index Futures was up 0.04% at 94.69.

Morocco stocks higher at close of trade; Moroccan All Shares up 0.28%

Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Real Estate, Insurance and Banking sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.28%.

The best performers of the session on the Moroccan All Shares were Saham Assurance (CS:SAH), which rose 5.19% or 80 points to trade at 1620 at the close. Meanwhile, BMCI (CS:BMCI) added 2.55% or 24 points to end at 964 and Residences Dar Saada SA (CS:RDS) was up 2.38% or 2.90 points to 125.00 in late trade.

The worst performers of the session were Stroc Industrie (CS:STR), which fell 9.86% or 3.40 points to trade at 31.10 at the close. Promopharm S.A. (CS:PRO) declined 4.76% or 65 points to end at 1300 and Delattre Levivier Maroc (CS:DLM) was down 4.39% or 7.35 points to 160.10.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 15 to 13 and 8 ended unchanged.

Shares in Promopharm S.A. (CS:PRO) fell to 52-week lows; losing 4.76% or 65 to 1300. Shares in Delattre Levivier Maroc (CS:DLM) fell to 52-week lows; falling 4.39% or 7.35 to 160.10.

Crude oil for August delivery was up 0.66% or 0.43 to $65.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.52% or 0.39 to hit $74.69 a barrel, while the August Gold Futures contract fell 0.28% or 3.60 to trade at $1275.00 a troy ounce.

EUR/MAD was down 0.02% to 11.0600, while USD/MAD fell 0.01% to 9.5445.

The US Dollar Index Futures was up 0.05% at 94.70.

Dollar Subdued as GBP/USD Fights Back, U.S. Housing Data Fall Short

Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.01% to 94.66 after trading as high as 94.98 during the session.

The dollar come under pressure after sales of previously owned homes in the U.S. unexpectedly fell in May, as tight supply, higher prices and mortgage rates weighed on housing activity.

The Commerce Department said existing home sales declined 0.4% in May from the previous month to a seasonally adjusted annual rate of 5.43 million units. That undershot economists' forecast for a 1.5% rise to 5.52 million units.

The dollar's momentum was also held back by a rebound in GBP/USD to $1.3197 as UK Prime Minister Theresa May won a key vote on the Brexit Withdrawal Bill, averting the need to give parliament a "meaningful" vote on the eventual terms of a trade deal with the EU.

The dollar had hit session highs earlier, buoyed by a sharp rise in the 10Y Treasury yield amid fading U.S.-China trade war fears and somewhat hawkish comments from Federal Reserve chairman Jerome Powell.

Fed chairman Powell said the case for gradual rate hikes was "strong," reaffirming investor expectations the central bank would raise rates twice more in 2018.

Easing trade concerns, meanwhile, reduced investor appetite for safe-havens, pressuring both the yen and Swiss franc against the greenback.

USD/JPY rose 0.15% to Y110.20, while USD/CHF gained 0.16% to 0.9962.

EUR/USD fell 0.02% as European Central Bank president Mario Draghi said the central bank would continue its patient approach to monetary policy tightening.

USD/CAD fell 0.16% C$1.3301 as softer oil prices and a worsening North American Free Trade Agreement (NAFTA) continued to weigh on the loonie.

Portugal stocks lower at close of trade; PSI 20 down 0.19%

Investing.com – Portugal stocks were lower after the close on Wednesday, as losses in the Basic Materials, Industrials and Utilities sectors led shares lower.

At the close in Lisbon, the PSI 20 lost 0.19%.

The best performers of the session on the PSI 20 were Pharol SGPS SA (LS:PHRA), which rose 5.33% or 0.0130 points to trade at 0.2570 at the close. Meanwhile, Ibersol SGPS (LS:IBS) added 4.72% or 0.550 points to end at 12.200 and F.Rama (LS:RAMA) was up 2.84% or 0.250 points to 9.050 in late trade.

The worst performers of the session were The Navigator Company SA (LS:NVGR), which fell 2.73% or 0.1450 points to trade at 5.1700 at the close. Altri SGPS (LS:ALSS) declined 2.28% or 0.1900 points to end at 8.1600 and Semapa (LS:SEM) was down 2.19% or 0.5000 points to 22.3000.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 16 to 12 and 8 ended unchanged.

Brent oil for August delivery was down 1.19% or 0.89 to $74.19 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.32% or 0.21 to hit $65.11 a barrel, while the August Gold Futures contract fell 0.31% or 4.00 to trade at $1274.60 a troy ounce.

EUR/USD was down 0.01% to 1.1588, while EUR/GBP fell 0.17% to 0.8781.

The US Dollar Index Futures was up 0.03% at 94.68.

Finland stocks higher at close of trade; OMX Helsinki 25 up 0.47%

Investing.com – Finland stocks were higher after the close on Wednesday, as gains in the Consumer Services, Consumer Goods and Basic Materials sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 added 0.47%.

The best performers of the session on the OMX Helsinki 25 were Valmt (HE:VALMT), which rose 2.59% or 0.41 points to trade at 16.22 at the close. Meanwhile, Kesko Oyj (HE:KESKOB) added 2.51% or 1.26 points to end at 51.36 and Nokian Renkaat Oyj (HE:NRE1V) was up 2.09% or 0.73 points to 35.70 in late trade.

The worst performers of the session were Huhtamaki Oyj (HE:HUH1V), which fell 1.66% or 0.54 points to trade at 32.00 at the close. Tieto Oyj (HE:TIETO) declined 0.63% or 0.18 points to end at 28.56 and Fortum Oyj (HE:FORTUM) was down 0.63% or 0.12 points to 19.88.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 91 to 51 and 17 ended unchanged.

Shares in Kesko Oyj (HE:KESKOB) rose to 5-year highs; up 2.51% or 1.26 to 51.36.

Brent oil for August delivery was down 1.25% or 0.94 to $74.14 a barrel. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.15% or 0.10 to hit $65.00 a barrel, while the August Gold Futures contract fell 0.27% or 3.40 to trade at $1275.20 a troy ounce.

EUR/USD was up 0.01% to 1.1590, while EUR/GBP fell 0.13% to 0.8785.

The US Dollar Index Futures was up 0.02% at 94.67.

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.81%

Investing.com – Denmark stocks were higher after the close on Wednesday, as gains in the Real Estate, Industrials and Healthcare sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 added 0.81%.

The best performers of the session on the OMX Copenhagen 20 were Genmab (CO:GEN), which rose 5.60% or 53.8 points to trade at 1014.0 at the close. Meanwhile, DSV (CO:DSV) added 2.90% or 15.0 points to end at 532.0 and AP Moeller - Maersk A/S A (CO:MAERSKa) was up 2.00% or 170 points to 8690 in late trade.

The worst performers of the session were Vestas Wind Systems A/S (CO:VWS), which fell 1.82% or 7.6 points to trade at 410.0 at the close. Danske Bank A/S (CO:DANSKE) declined 1.00% or 2.1 points to end at 208.7 and Pandora A/S (CO:PNDORA) was down 0.25% or 1.2 points to 484.8.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 72 to 44 and 19 ended unchanged.

Crude oil for August delivery was up 0.28% or 0.18 to $65.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.19% or 0.89 to hit $74.19 a barrel, while the August Gold Futures contract fell 0.26% or 3.30 to trade at $1275.30 a troy ounce.

USD/DKK was down 0.01% to 6.4310, while EUR/DKK fell 0.00% to 7.4535.

The US Dollar Index Futures was up 0.02% at 94.67.

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.22%

Investing.com – Italy stocks were higher after the close on Wednesday, as gains in the Healthcare, Financials and Utilities sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 gained 0.22%.

The best performers of the session on the Investing.com Italy 40 were UniCredit SpA (MI:CRDI), which rose 2.77% or 0.4000 points to trade at 14.8660 at the close. Meanwhile, Recordati (MI:RECI) added 2.74% or 0.92 points to end at 34.48 and Banco Bpm (MI:BAMI) was up 2.71% or 0.069 points to 2.599 in late trade.

The worst performers of the session were Salvatore Ferragamo SpA (MI:SFER), which fell 8.44% or 2.07 points to trade at 22.46 at the close. Prysmian (MI:PRY) declined 2.17% or 0.53 points to end at 23.90 and CNH Industrial NV (MI:CNHI) was down 2.06% or 0.194 points to 9.236.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 191 to 160 and 29 ended unchanged.

Crude oil for August delivery was up 0.18% or 0.12 to $65.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.17% or 0.88 to hit $74.20 a barrel, while the August Gold Futures contract fell 0.26% or 3.30 to trade at $1275.30 a troy ounce.

EUR/USD was up 0.01% to 1.1590, while EUR/GBP fell 0.15% to 0.8783.

The US Dollar Index Futures was up 0.02% at 94.67.

Belgium stocks higher at close of trade; BEL 20 up 0.14%

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

At the close in Brussels, the BEL 20 rose 0.14%.

The best performers of the session on the BEL 20 were bpost NV (BR:BPOST), which rose 4.57% or 0.67 points to trade at 15.33 at the close. Meanwhile, Etablissementen Fr Colruyt NV (BR:COLR) added 3.68% or 1.66 points to end at 46.74 and Galapagos NV (AS:GLPG) was up 1.94% or 1.620 points to 85.000 in late trade.

The worst performers of the session were Ontex Group (BR:ONTEX), which fell 3.10% or 0.64 points to trade at 20.00 at the close. Argen-X (BR:ARGX) declined 1.26% or 1.00 points to end at 78.60 and Proximus NV (BR:PROX) was down 1.16% or 0.24 points to 20.53.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 59 to 54 and 19 ended unchanged.

Shares in Proximus NV (BR:PROX) fell to 3-years lows; losing 1.16% or 0.24 to 20.53.

Gold Futures for August delivery was down 0.23% or 3.00 to $1275.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.66% or 0.43 to hit $65.33 a barrel, while the August Brent oil contract fell 0.71% or 0.53 to trade at $74.55 a barrel.

EUR/USD was up 0.01% to 1.1590, while EUR/GBP fell 0.18% to 0.8780.

The US Dollar Index Futures was up 0.01% at 94.66.

Germany stocks higher at close of trade; DAX up 0.14%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Software, Financial Services and Retail sectors led shares higher.

At the close in Frankfurt, the DAX added 0.14%, while the MDAX index climbed 0.32%, and the TecDAX index gained 1.06%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 1.41% or 2.14 points to trade at 154.44 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 1.32% or 1.500 points to end at 115.300 and Fresenius SE&Co KGAA O.N. (DE:FREG) was up 1.12% or 0.760 points to 68.920 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 1.43% or 0.320 points to trade at 22.070 at the close. Continental AG O.N. (DE:CONG) declined 1.41% or 3.10 points to end at 217.10 and Daimler AG NA O.N. (DE:DAIGn) was down 0.74% or 0.450 points to 60.450.

The top performers on the MDAX were Metro AG (DE:MEOG) which rose 3.47% to 7.756, MTU Aero Engines NA O.N. (DE:MTXGn) which was up 2.13% to settle at 162.90 and Osram Licht AG (DE:OSRn) which gained 1.91% to close at 49.58.

The worst performers were Duerr AG (DE:DUEG) which was down 1.64% to 91.000 in late trade, Puma SE (DE:PUMG) which lost 1.23% to settle at 483.50 and Schaeffler AG Pref (DE:SHA_p) which was down 1.22% to 12.50 at the close.

The top performers on the TecDAX were Isra Vision O.N. (DE:ISRG) which rose 7.37% to 51.70, Morphosys AG O.N. (DE:MORG) which was up 5.20% to settle at 102.150 and Medigene NA O.N. (DE:MDG1k) which gained 3.83% to close at 13.000.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 3.70% to 14.445 in late trade, Aixtron SE (DE:AIXGn) which lost 1.57% to settle at 11.895 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 1.55% to 63.700 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 384 to 320 and 82 ended unchanged.

Shares in Dialog Semiconductor (DE:DLGS) fell to 3-years lows; falling 3.70% or 0.555 to 14.445. Shares in Morphosys AG O.N. (DE:MORG) rose to all time highs; rising 5.20% or 5.050 to 102.150.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.27% to 15.60.

Gold Futures for August delivery was down 0.21% or 2.70 to $1275.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.48% or 0.96 to hit $65.86 a barrel, while the August Brent oil contract fell 0.09% or 0.07 to trade at $75.01 a barrel.

EUR/USD was unchanged 0.00% to 1.1589, while EUR/GBP fell 0.22% to 0.8777.

The US Dollar Index Futures was up 0.01% at 94.66.

Norway stocks lower at close of trade; Oslo OBX down 0.47%

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Commercial Service And Supplies, Utilities and Technology Hardware&Equipment sectors led shares lower.

At the close in Oslo, the Oslo OBX lost 0.47%.

The best performers of the session on the Oslo OBX were Golden Ocean Group Ltd (OL:GOGLT), which rose 1.57% or 1.15 points to trade at 73.93 at the close. Meanwhile, Aker BP ASA (OL:AKERBP) added 0.88% or 2.60 points to end at 299.60 and Schibsted ASA A (OL:SBSTA) was up 0.75% or 1.9 points to 256.7 in late trade.

The worst performers of the session were Norwegian Air Shuttle ASA (OL:NWC), which fell 4.72% or 13.60 points to trade at 274.40 at the close. SalMar ASA (OL:SALM) declined 2.21% or 7.80 points to end at 345.60 and Grieg Seafood (OL:GSFO) was down 1.96% or 1.70 points to 84.90.

Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 101 to 73 and 32 ended unchanged.

Crude oil for August delivery was up 1.74% or 1.13 to $66.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.15% or 0.11 to hit $75.19 a barrel, while the August Gold Futures contract fell 0.20% or 2.60 to trade at $1276.00 a troy ounce.

EUR/NOK was down 0.41% to 9.4501, while USD/NOK fell 0.42% to 8.1534.

The US Dollar Index Futures was unchanged 0.00% at 94.65.

Oil Markets Brace For Russia, OPEC Production Boost

Investing.com - Oil traders are betting OPEC and Russia will announce an increase in oil production this week. Analysts say it's only a matter of how much.
Market watchers say OPEC members are fundamentally divided over what to do, and that means trying to forge some kind of compromise at the oil cartel's meeting on Friday. Analysts say the production increase could be anywhere between 300,000 and 1.5 million barrels a day. Russia has said it wants the high end, while OPEC's top producer Saudi Arabia is thought to be more willing to settle for a smaller increase. Analysts say the problem for Saudi Arabia is that the majority of OPEC members are opposed to an any increase at all. That group includes two key producers -- Iran and Venezuela. Iran is now saying a deal at the meeting is unlikely.
At the same time, analysts say Saudi Arabia may want to make a token gesture to appease President Trump, who says oil prices are too high. Prices have soared in the past year, touching $80 a barrel.
"I think it will be a modest increase. Anyway, anything less than a million barrels per day is bullish for oil." says Joe McMonigle, senior oil analyst at Hedgeye Risk Management.
And that could see prices quickly rebound to their recent highs.

Israel stocks higher at close of trade; TA 35 up 0.79%

Investing.com – Israel stocks were higher after the close on Wednesday, as gains in the Biomed, Technology and Financials sectors led shares higher.

At the close in Tel Aviv, the TA 35 added 0.79%.

The best performers of the session on the TA 35 were Teva Pharmaceutical Industries Ltd (TA:TEVA), which rose 3.05% or 263 points to trade at 8873 at the close. Meanwhile, First International Bank of Israel Ltd (TA:FTIN) added 2.50% or 190 points to end at 7800 and Partner (TA:PTNR) was up 2.09% or 27 points to 1321 in late trade.

The worst performers of the session were Cellcom Israel Ltd (TA:CEL), which fell 2.49% or 54 points to trade at 2115 at the close. Tower Semiconductor Ltd (TA:TSEM) declined 0.85% or 68 points to end at 7962 and Paz Oil (TA:PZOL) was down 0.67% or 320 points to 47320.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 239 to 148 and 36 ended unchanged.

Shares in Cellcom Israel Ltd (TA:CEL) fell to 52-week lows; falling 2.49% or 54 to 2115. Shares in Tower Semiconductor Ltd (TA:TSEM) fell to 52-week lows; losing 0.85% or 68 to 7962. Shares in Paz Oil (TA:PZOL) fell to 5-year lows; down 0.67% or 320 to 47320.

Crude oil for August delivery was up 1.00% or 0.65 to $65.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.07% or 0.05 to hit $75.03 a barrel, while the August Gold Futures contract fell 0.14% or 1.80 to trade at $1276.80 a troy ounce.

USD/ILS was down 0.18% to 3.6276, while EUR/ILS fell 0.27% to 4.2002.

The US Dollar Index Futures was up 0.07% at 94.72.

U.S. Existing Home Sales Fall in May

Investing.com - Sales of previously-owned U.S. homes unexpectedly fell in May, according to figures released by the National Association of Realtors on Wednesday.

Existing home sales fell 0.4% in May from the previous month to an annualized pace of 5.43 million units.

Economists had forecast a 1.5% increase to an annualized pace of 5.52 million.

Existing home sales account for 90% of the market and are calculated when a contract closes.

NAR chief economist Lawrence Yun indicated that "a solid economy and job market should be generating a much stronger sales pace than what has been seen so far this year."

Yun pointed out that closings were down in a majority of the country last month and declined on an annual basis in each major region.

Regarding prices, the report showed that median existing-home price for all housing types in May was $264,800, up 4.9% from May 2017 ($252,500). That was an all-time high and the 75th straight month of year-over-year gains in prices.

"Incredibly low supply continues to be the primary impediment to more sales, but there’s no question the combination of higher prices and mortgage rates are pinching the budgets of prospective buyers, and ultimately keeping some from reaching the market,” he explained.

Stocks- Wall Street Rallies as Trade Tensions Wane

Investing.com – Wall Street rose on Wednesday as investors shrugged off trade tensions between the U.S. and China.

The S&P 500 gained six points or 0.25% to 2,769.56 as of 9:41 AM ET (13:41 GMT) while the Dow composite increased 26 points or 0.11% to 24,664.33 and tech heavy NASDAQ Composite rose over 40 points or 0.52% to 7,766.07.

Trade tensions between the U.S. and China still remained on the back of investors minds, as the two largest economies in the world faced a tit-for-tat over trade tariffs.

Stocks tumbled on Tuesday after U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods if China refused “to change its practices,” he said.

Technology stocks were among the biggest gainers after the morning bell, with Netflix (NASDAQ:NFLX) gaining 2.32% and Twitter up 2.58%. Twenty-First Century Fox Inc (NASDAQ:FOX) surged 6.77% after accepting a higher bid by Walt Disney Company (NYSE:DIS) for its assets. Disney was up 0.94%. Meanwhile Walgreens rose 2.22% after news that it was replacing General Electric (NYSE:GE) on the Dow. General Electric fell 1.06%.

Elsewhere Starbucks (NASDAQ:SBUX) decreased 5.36% amid slow sales growth and news that it was closing 150 U.S. stores, while Oracle (NYSE:ORCL) slumped 5.21%.

In Europe stocks were mostly up. Germany’s DAX rose nine points or 0.07% while in France the CAC 40 decreased seven points or 0.14% and in London, the FTSE 100 was up 63 points or 0.84%. Meanwhile the pan-European Euro Stoxx 50 gained nine points or 0.28% while Spain’s IBEX 35 rose 104 points or 1.07%.

In commodities, gold futures fell 0.19% to $1,276.20 troy ounce while crude oil futures increased 1.56% to $65.91 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.04% to 94.69.

Fed Chair Jerome Powell Says Case for Gradual Rate Hikes is 'Strong'

Investing.com - Federal Reserve chairman Jerome Powell said on Wednesday that the economic backdrop in the U.S. supported the central bank’s outlook to move ahead with gradual policy tightening.

In a speech prepared for the ECB Forum on Central Banking in Sintra, Portugal on Wednesday, Powell noted that the need for highly accommodative monetary policy was clear during the economic recovery.

“But with unemployment low and expected to decline further, inflation close to our objective, and the risks to the outlook roughly balanced, the case for continued gradual increases in the federal funds rate is strong,” he said.

Powell indicated that the U.S. economy is performing “very well” after nine years of an expansion.

“Growth is meaningfully above most estimates of its long-term trend--though admittedly, that trend is not as strong as we would like it to be,” he said.

Powell also highlighted that the labor market was “particularly robust” while inflation has moved up close to the Fed’s 2% target.

Overall, Powell admitted that persistently strong economic conditions could pose risks to inflation and possibly financial stability, but he also recognized that there could be lasting benefits, such as the tight labor market drawing more people into the labor force.

Powell did point out that the current environment entailed significant uncertainty in the process of making monetary policy, but still ended his speech on an upbeat note.

“Today, with the economy strong and risks to the outlook balanced, the case for continued gradual increases in the federal funds rate remains strong and broadly supported among FOMC participants,” Powell concluded.

Cryptos Fall After Another Exchange Hack

Investing.com - Cryptocurrencies were lower on Wednesday amid news of another South Korean exchange hack.

Bitcoin was trading at $6,626.10, decreasing 2.27% the Bitfinex exchange, as of 8:39 AM ET (12:39 GMT).

South Korean exchange Bithumb halted trading services after the site was hacked on Wednesday. The sixth largest platform in the world lost around 35 billion won ($31.5 million) of various virtual coins, including Ripple. The coins will be covered by the companies reserves, Bithumb said.

It’s just the latest of a number of coin hacks, as security remains one of the biggest threats to digital coins.

Just two weeks ago, Coinrail lost approximately $37.2 million worth of coins, while hackers stole more than $500 million from Japanese cryptocurrency exchange Coincheck in January.

Cryptocurrencies overall were lower after the news, with the coin market cap of total market capitalization falling to $283 billion at the time of writing compared to $291 billion on Tuesday.

Ethereum was lower, falling 3.54% to $522.48 on the Bitfinex exchange. Ripple, the third largest virtual currency, decreased 4.54% to $0.53028 while Litecoin was at $96.129, down 4.18%.

The digital coins have struggled in recent weeks amid accusations of price manipulation and a Bank of International Settlement report saying alternative coins are unscalable.

Meanwhile, Goldman Sachs (NYSE:GS) CEO Lloyd Blankfein is not ready to dismiss alternative currencies just yet. While he is not a fan, he thinks cryptocurrencies could become a established asset class in the financial world.

“I can’t say why it [cryptocurrencies] should work, but if it did work, I’d be able to explain it in hindsight why it did,” he said. “I’m not in the school of saying Gee, because it’s uncomfortable with me, because it’s unfamiliar, this can’t happen.”

GE, Oracle, Starbucks Slide in Pre-Market, Boeing Rises, Synaptics Soars

Investing.com - Stocks in focus in pre-market trade Wednesday:

• General Electric (GE) stock slid 1.47% by 8:22 AM ET (12:22 GMT) after S&P and Dow Jones Indices announced that the conglomerate would be removed from the Dow and replaced by Walgreens (WBA) on June 26. Walgreens stock jumped 3.31%.

• Oracle (ORCL) stock sank 3.93% after forecasting fiscal first quarter earnings per share, excluding extraordinary items, of $0.67-$0.69, missing the consensus estimate for $0.72.

• Starbucks (SBUX) stock slumped 3.5% as the coffee giant announced that it would close about 150 stores in the U.S. and projected global same store sales to rise 1% in its fiscal third quarter, compared to estimates for 3% growth.

• Boeing (BA) stock rose 1.4% as FedEx ordered 24 medium and large freighters with a list price of $6.6 billion.

• FedEx (FDX) stock dipped 0.4% despite reporting earnings per share of $5.91, compared to the consensus forecast for $5.66. The package delivery firm reported revenue of $17.3 billion, narrowly topping expectations for $17.22 billion. Chief Executive Frederick Smith said that he remained concerned about threats that manage the free flow of goods among countries, in a reference to recent trade tensions. “Trade is a two-way street, and FedEx supports lowering trade barriers for our customers, not raising them,” he said.

• La-Z-Boy (LZB) stock tumbled 6.6% after reporting fiscal fourth quarter revenue of $420 million, below expectations of $427.4 million.

• Winnebago Industries (WGO) stock jumped 11.28% as an 18% rise in quarterly revenues allowed the firm to top consensus on both the top and bottom line.

• Synaptics (SYNA) stock soared 10.46% as the company confirmed it was in talks to be acquired by Dialog Semiconductor (DLGS), although it warned that “there is no assurance that a transaction will result from these discussions.”

• ANSYS (ANSS) stock rose 1.4% after Goldman Sachs upgraded the firm to buy from neutral.

UBS: World Cup A Winner For Twitter

Investing.com - The World Cup is just getting started, but one Wall Street firm thinks Twitter is already a winner.
In a note to clients, UBS said the global soccer tournament will prompt people to use Twitter more.
The firm raised its stock price target 44%, saying the World Cup would be a catalyst for Twitter shares.
The World Cup is just the latest major event this year to increase activity on Twitter.
The Winter Olympics and UK royal wedding already had such an effect. The midterm elections are expected to provide another boost.
UBS also said Twitter's revenue will continue to grow with the advertising shift from TV to the Internet.
Twitter's stock price began a surge in February when the social media company reported the first quarterly profit in its history.
Shares are up more than 100% in the past six months.

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.76%

Investing.com – Sri Lanka stocks were lower after the close on Wednesday, as losses in the Plantations, Power&Energy and Banking, Financials&Insurance sectors led shares lower.

At the close in Colombo, the CSE All-Share fell 0.76% to hit a new 52-week low.

The best performers of the session on the CSE All-Share were Mercantile Shipping Company PLC (CM:MSL), which rose 20.00% or 15.00 points to trade at 90.00 at the close. Meanwhile, Blue Diamonds Jewellery Worldwide PLC (CM:BLUE) added 16.67% or 0.100 points to end at 0.700 and Lanka Cement PLC (CM:LCEM) was up 10.00% or 0.30 points to 3.30 in late trade.

The worst performers of the session were EB Creasy and Company PLC (CM:EBCR), which fell 20.03% or 275.50 points to trade at 1100.00 at the close. Abans Electricals PLC (CM:ABAN) declined 12.26% or 10.90 points to end at 78.00 and Office Equipment PLC (CM:OFEQ) was down 11.73% or 8.20 points to 61.70.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 111 to 54 and 64 ended unchanged.

Shares in Mercantile Shipping Company PLC (CM:MSL) rose to 52-week highs; rising 20.00% or 15.00 to 90.00. Shares in Blue Diamonds Jewellery Worldwide PLC (CM:BLUE) rose to all time lows; rising 16.67% or 0.100 to 0.700.

Crude oil for August delivery was down 0.06% or 0.04 to $64.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.07% or 0.05 to hit $75.13 a barrel, while the August Gold Futures contract fell 0.33% or 4.20 to trade at $1274.40 a troy ounce.

GBP/LKR was down 0.08% to 210.560, while USD/LKR rose 0.03% to 160.040.

The US Dollar Index Futures was up 0.21% at 94.85.

Stocks- U.S. Futures Attempt Recovery as Trade Tensions Lull

Investing.com – U.S. futures were higher on Wednesday as trade tensions died down.

The S&P 500 futures were up 10 points or 0.36% to 2,776.25 as of 6:45 AM ET (10:45 GMT) while Dow futures increased 127 points or 0.51% to 24,842.0. Meanwhile tech heavy Nasdaq 100 futures rose 26 points or 0.36% to 7,278.25.

Trade tensions between the U.S. and China still remained on the back of investors minds, as the two largest economies in the world faced a tit-for-tat over trade tariffs.

Stocks tumbled on Tuesday after U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods if China refused “to change its practices,” he said.

Netflix (NASDAQ:NFLX) was among the top gainers in pre-market trading, rising 1.24% while Facebook (NASDAQ:FB) rose 0.51% and Tesla (NASDAQ:TSLA) gained 1.26%

General Electric (NYSE:GE) fell 3.32% amid news that it lost its spot in the Dow Jones Industrial Average and would be replaced by Walgreens Boots Alliance Inc (NASDAQ:WBA) on June 26. Starbucks (NASDAQ:SBUX) decreased 4.49% after it announced it was closing 150 stores in the U.S. due to slow sales growth.

In economic news, existing home sales are due at 10:00 AM ET (14:00 GMT). Investors will also be looking to comments from a handful of global central bankers at the ECB Forum on Central Banking in Sintra, Portugal. ECB President Mario Draghi, Federal Reserve Chair Jerome Powell and Bank of Japan (BoJ) Governor Haruhiko Kuroda are scheduled to speak on a panel at 9:30 AM ET (13:30 GMT).

In Europe stocks were up. Germany’s DAX rose 63 points or 0.50% while in France the CAC 40 increased 21 points or 0.40% and in London, the FTSE 100 was up 87 points or 1.16%. Meanwhile the pan-European Euro Stoxx 50 gained 19 points or 0.57% while Spain’s IBEX 35 jumped 104 points or 1.07%.

In commodities, gold futures were down 0.34% to $1,274.20 a troy ounce while crude oil futures rose 0.06% to $64.94 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.20% to 94.84.

Indonesia stocks lower at close of trade; IDX Composite Index down 1.83%

Investing.com – Indonesia stocks were lower after the close on Wednesday, as losses in the Financials, Property and Consumer Industry sectors led shares lower.

At the close in Jakarta, the IDX Composite Index declined 1.83%.

The best performers of the session on the IDX Composite Index were Steadfast Marine PT (JK:KPAL), which unchanged 0.00% or 0 points to trade at 262 at the close. Meanwhile, Gunawan Dianjaya Steel Tbk (JK:GDST) added 34.34% or 68 points to end at 266 and Apac Citra Centertex Tbk (JK:MYTX) was up 27.50% or 44 points to 204 in late trade.

The worst performers of the session were Bakrie&Brothers Tbk (JK:BNBR), which fell 32.69% or 34 points to trade at 70 at the close. PT Dafam Property Indonesia Tbk (JK:DFAM) declined 24.90% or 300 points to end at 905 and Sidomulyo Selaras Tbk (JK:SDMU) was down 21.28% or 60 points to 222.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 287 to 120 and 93 ended unchanged.

Shares in Steadfast Marine PT (JK:KPAL) unchanged to all time highs; unchanged 0.00% or 0 to 262. Shares in Bakrie&Brothers Tbk (JK:BNBR) fell to 52-week lows; down 32.69% or 34 to 70. Shares in Gunawan Dianjaya Steel Tbk (JK:GDST) rose to all time highs; gaining 34.34% or 68 to 266.

Crude oil for August delivery was up 0.62% or 0.40 to $65.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.60% or 0.45 to hit $75.53 a barrel, while the August Gold Futures contract fell 0.31% or 4.00 to trade at $1274.60 a troy ounce.

USD/IDR was down 0.06% to 14099.2, while AUD/IDR rose 0.08% to 10283.00.

The US Dollar Index Futures was up 0.14% at 94.78.

Sterling near 7-Month Lows Ahead of Brexit Vote

Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit.

GBP/USD hit a low of 1.3148, a level not seen since November 16 and was trading at 1.3157 by 05:44 AM ET (09:44 AM GMT), off 0.14% for the day

The House of Commons was to vote on the EU withdrawal bill, the government’s flagship piece of Brexit legislation, later in the day.

The government is seeking to defeat an attempt to give MPs a “meaningful vote” before Britain could leave the EU without a deal.

The vote is coming at a time of growing investor nervousness that Brexit negotiations could fail to reach an agreement.

Sterling was little changed against the euro, with EUR/GBP last at 0.8789.

Market sentiment remained cautious as concerns over a heated trade spat between the U.S. and China lingered on.

Fears over trade tensions mounted on Tuesday after Beijing warned that it would retaliate swiftly after U.S. President Donald Trump threatened to impose a 10% tariff on $200 billion of Chinese imports.

The moves exacerbated worries among investors that the world’s two largest economies could descend into an all-out trade war.

Uncertainty over the future of the North American Free Trade Agreement and concerns over tariffs that the Trump administration has imposed on European trading partners also added to investor nerves.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.17% to 94.81, not far from Friday’s eleven-month high of 95.13.

The dollar firmed up against the yen, with USD/JPY inching up to 110.12, pulling away from Tuesday’s more than one-week lows of 109.54.

The Japanese currency is often sought by investors as a safe haven in times of geopolitical tensions and market turmoil.

The euro remained lower against the dollar, with EUR/USD slipping 0.2% to 1.1565 a day after European Central Bank President Mario Draghi reiterated that monetary policy will remain persistent, prudent and patient in the wake of the bank's dovish guidance on interest rates last week.

Japan stocks higher at close of trade; Nikkei 225 up 1.24%

Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Machinery, Chemical, Petroleum&Plastic and Mining sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 1.24%.

The best performers of the session on the Nikkei 225 were Daiichi Sankyo Co., Ltd. (T:4568), which rose 5.15% or 207.0 points to trade at 4230.0 at the close. Meanwhile, Credit Saison Co., Ltd. (T:8253) added 3.68% or 63.0 points to end at 1776.0 and Fast Retailing Co., Ltd. (T:9983) was up 3.48% or 1740.0 points to 51790.0 in late trade.

The worst performers of the session were Kobe Steel, Ltd. (T:5406), which fell 4.20% or 46.0 points to trade at 1049.5 at the close. Sumitomo Osaka Cement Co., Ltd. (T:5232) declined 3.62% or 19.0 points to end at 506.0 and Showa Denko K.K. (T:4004) was down 2.49% or 115.0 points to 4500.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1991 to 1392 and 190 ended unchanged.

Shares in Daiichi Sankyo Co., Ltd. (T:4568) rose to all time highs; up 5.15% or 207.0 to 4230.0. Shares in Fast Retailing Co., Ltd. (T:9983) rose to 52-week highs; rising 3.48% or 1740.0 to 51790.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 21.86% to 19.79 a new 1-month high.

Crude oil for August delivery was up 0.71% or 0.46 to $65.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.60% or 0.45 to hit $75.53 a barrel, while the August Gold Futures contract fell 0.35% or 4.50 to trade at $1274.10 a troy ounce.

USD/JPY was up 0.09% to 110.15, while EUR/JPY fell 0.17% to 127.34.

The US Dollar Index Futures was up 0.22% at 94.86.

Oil Prices Edge Higher Ahead Of U.S. Inventory Data

Investing.com - Oil prices edged higher on Wednesday, as investors looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise.

The U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended June 15 at 10:30AM ET (1430GMT), amid forecasts for an oil-stock drop of 2.1 million barrels.

Analysts also forecast a gain of 188,000 barrels for gasoline stockpiles, while distillate inventories are expected to fall by 164,000 barrels.

The data will also offer fresh indications on how fast domestic output levels continue to rise. U.S. crude production - driven by shale extraction - is currently at an all-time high of 10.9 million barrels per day (bpd).

After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories fell by 3.0 million barrels last week.

The API data also showed a rise of nearly 2.1 million barrels in gasoline stockpiles, while inventories of distillates climbed by 750,000 barrels.

There are often sharp divergences between the API estimates and the official figures from EIA.

U.S. benchmark oil, August West Texas Intermediate crude was up 51 cents, or roughly 0.8%, at $65.41 a barrel on the New York Mercantile Exchange by 4:15AM ET (0815GMT).

Elsewhere, August Brent crude, the global benchmark, tacked on 51 cents, or around 0.7%, to $75.59 a barrel on the ICE Futures Europe exchange.

Meanwhile, oil traders continued to weigh potential outcomes for a meeting of major oil producers later this week.

Oil ministers from OPEC, Russia and other major producing countries will meet in Vienna on Thursday and Friday to review their current production agreement that has held back 1.8 million bpd from the market for the past 18 months.

Russia has pushed for returning 1.0 million bpd back into the market relatively quickly. However, Saudi Arabia would like to try a lower amount to prevent the price from dropping too much, experts said.

However, not all OPEC members agree. Iran, Venezuela and Iraq have all said the current production agreement should stay in place.

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