Mexico stocks lower at close of trade; S&P/BMV IPC down 0.43%

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

At the close in Mexico, the S&P/BMV IPC declined 0.43%.

The best performers of the session on the S&P/BMV IPC were Industrias Penoles Sab De CV (MX:PENOLES), which rose 2.27% or 9.52 points to trade at 428.61 at the close. Meanwhile, Banregio Grupo Financiero SAB De CV (MX:GFREGIOO) added 1.72% or 1.91 points to end at 112.96 and Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA) was up 1.28% or 8.48 points to 671.91 in late trade.

The worst performers of the session were Grupo LALA SA de CV (MX:LALAB), which fell 2.17% or 0.64 points to trade at 28.90 at the close. Genomma Lab Internacional SAB De CV (MX:LABB) declined 1.72% or 0.370 points to end at 21.120 and Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) was down 1.67% or 0.750 points to 44.160.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 159 to 126 and 24 ended unchanged.

Gold Futures for February delivery was up 0.29% or 3.90 to $1331.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.59% or 0.38 to hit $63.57 a barrel, while the March Brent oil contract fell 0.81% or 0.56 to trade at $68.75 a barrel.

USD/MXN was up 0.15% to 18.6366, while EUR/MXN fell 0.02% to 22.7682.

The US Dollar Index Futures was up 0.20% at 90.49.

Top 5 Things That Moved Markets This Past Week

Investing.com - A look at the top five things that rocked markets this past week.

Earnings Season Kicked into Full Gear

US stocks shrugged off a possible US government shutdown to close at record highs as ongoing optimism over earnings spurred investor appetite for risker assets.

Financials got the week off to a good start amid quarterly earnings report from US Bancorp (NYSE:USB), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) that beat Wall Street estimates, while Goldman Sachs (NYSE:GS) bucked the trend, reporting its first quarterly loss since 2011.

International Business Machines (NYSE:IBM) quarterly report Thursday also garnered attention after the tech company reported quarterly revenue growth for the first time in twenty-three quarters as its move into cloud, artificial intelligence and block chain technology offset declines from its traditional software business.

The S&P 500 closed at a record high on Friday.

WTI Crude Oil Snapped 4-Week Winning Streak

The weekly streak of gains in crude oil prices came to an abrupt end this week as investors weighed the impact of rising US production on OPEC’s efforts to rid the market of excess supplies amid comments from the IEA.

The International Energy Agency (IEA), in its monthly report, warned that rising non-OPEC production would offset a raft of positive factors supporting oil prices including ongoing OPEC-led output cuts.

Crude oil futures settled at $61.44, down 58 cents.

Pound, Sterling Downed the Dollar

It was another miserable week for the dollar as it struggled to find its footing amid a surge in both the pound and sterling.

EUR/USD notched its fifth-straight weekly win, rising above four-year highs despite European Central Bank (ECB) officials’ attempts to quash investor expectations that the central bank would announce plans to unwind its massive stimulus programme at next week’s meeting.

GBP/USD rose to its highest since the June 2016 Brexit vote amid growing expectations that the Bank of England would soon have to raise rates to prevent the economy from overheating.

Gold Fought Off Pressure From Soaring US Government Bond Yields

Gold prices held above four-month highs this week despite coming under pressure from a surge in government bond yields to multi-year highs.

Yields on United States 10-Year this week rose to their highest since 2014 amid strong China economic growth data and rising expectations for faster inflation growth.

Macquarie said that risks of a reversal in gold prices are rising, as it is “harder for gold to ignore the impressive snapback in real yields” since the turn of the year.

Crypto-Market Crashed. Attempted Recovery. But Remains Under Pressure.

A sea of red swept over crypto-markets this week after a crypto-crash Tuesday through Wednesday unfolded in markets, wiping billions of dollars from the market as investors fled positions amid fears that China and Korea were planning a ban on cryptocurrency-related activity.

The total cryptocurrency market cap slumped to a low of about $478 billion at the depths of the crash on Wednesday before rebounding to about $562 billion Friday. That is markedly lower than the $829 billion total market cap peak set less than two weeks ago on Jan. 7.

As the sell-off deepened, Ripple XRP fell to a low of $0.87 on the poloniex exchange, Ethereum fell to a low of $770, Bitcoin fell to a low $9,231. The ‘big 3’ cryptocurrencies by market cap, however, have since recovered some of their losses but remain under pressure.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.21%

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

At the close in NYSE, the Dow Jones Industrial Average added 0.21%, while the S&P 500 index added 0.44%, and the NASDAQ Composite index added 0.55%.

The best performers of the session on the Dow Jones Industrial Average were Nike Inc (NYSE:NKE), which rose 4.84% or 3.10 points to trade at 67.21 at the close. Meanwhile, Goldman Sachs Group Inc (NYSE:GS) added 2.05% or 5.15 points to end at 256.12 and Home Depot Inc (NYSE:HD) was up 1.51% or 3.00 points to 201.33 in late trade.

The worst performers of the session were International Business Machines (NYSE:IBM), which fell 3.99% or 6.75 points to trade at 162.37 at the close. General Electric Company (NYSE:GE) declined 3.04% or 0.51 points to end at 16.26 and American Express Company (NYSE:AXP) was down 1.83% or 1.83 points to 98.03.

The top performers on the S&P 500 were Mattel Inc (NASDAQ:MAT) which rose 5.97% to 16.14, Hanesbrands Inc (NYSE:HBI) which was up 5.45% to settle at 23.20 and Nike Inc (NYSE:NKE) which gained 4.84% to close at 67.21.

The worst performers were International Business Machines (NYSE:IBM) which was down 3.99% to 162.37 in late trade, CBS Corporation (NYSE:CBS) which lost 3.75% to settle at 57.75 and McCormick&Company Incorporated (NYSE:MKC) which was down 3.61% to 99.19 at the close.

The top performers on the NASDAQ Composite were Forward Industries Inc (NASDAQ:FORD) which rose 137.90% to 2.950, NuCana PLC (NASDAQ:NCNA) which was up 41.55% to settle at 20.51 and New Age Beverages Corp (NASDAQ:NBEV) which gained 22.50% to close at 3.92.

The worst performers were PAVmed Inc (NASDAQ:PAVM) which was down 28.02% to 1.83 in late trade, Argos Therapeutics Inc (NASDAQ:ARGS) which lost 19.51% to settle at 2.17 and Heat Biologics Inc (NASDAQ:HTBX) which was down 15.00% to 0.340 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2073 to 1013 and 132 ended unchanged; on the Nasdaq Stock Exchange, 1804 rose and 740 declined, while 110 ended unchanged.

Shares in Nike Inc (NYSE:NKE) rose to all time highs; up 4.84% or 3.10 to 67.21. Shares in Nike Inc (NYSE:NKE) rose to all time highs; gaining 4.84% or 3.10 to 67.21. Shares in General Electric Company (NYSE:GE) fell to 5-year lows; down 3.04% or 0.51 to 16.26. Shares in Home Depot Inc (NYSE:HD) rose to all time highs; gaining 1.51% or 3.00 to 201.33. Shares in Forward Industries Inc (NASDAQ:FORD) rose to 5-year highs; rising 137.90% or 1.710 to 2.950. Shares in PAVmed Inc (NASDAQ:PAVM) fell to all time lows; down 28.02% or 0.71 to 1.83. Shares in NuCana PLC (NASDAQ:NCNA) rose to all time highs; gaining 41.55% or 6.02 to 20.51. Shares in Heat Biologics Inc (NASDAQ:HTBX) fell to all time lows; losing 15.00% or 0.060 to 0.340.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 7.60% to 11.30.

Gold Futures for February delivery was up 0.29% or 3.90 to $1331.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.67% or 0.43 to hit $63.52 a barrel, while the March Brent oil contract fell 0.84% or 0.58 to trade at $68.73 a barrel.

EUR/USD was down 0.18% to 1.2216, while USD/JPY fell 0.23% to 110.84.

The US Dollar Index Futures was up 0.20% at 90.49.

CFTC: Crude Oil Net Longs at All-Time High; Speculators Less Bullish on Euro

Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 16 on Friday.


Speculative positioning in the CME and ICE currency, commodity, energy and index futures:

LongShort
NetPriorChangeGrossChangeGrossChange
EUR139.5k144.7k-5.2k254.3k12.3k114.9k17.5k
GBP26.2k25.5k0.7k84.7k-0.4k58.5k-1.1k
JPY-119.4k-125.5k6.2k38.2k0.8k157.5k-5.4k
CHF-21.1k-21.9k0.8k14.2k-4.3k35.3k-5.1k
CAD17.6k17.5k0.1k61.5k2.9k43.9k2.8k
AUD10.1k5.5k4.6k50.3k-2.0k40.3k-6.6k
NZD-8.0k-11.0k3.0k17.8k0.5k25.8k-2.5k
MXN46.8k29.8k17.0k82.8k4.1k36.0k-12.9k
S&P 500122.5k77.4k45.0k556.3k37.4k433.9k-7.6k
Gold211.7k203.3k8.4k301.9k12.7k90.2k4.3k
Silver37.2k38.0k-0.8k79.9k-4.4k42.7k-3.6k
Copper61.2k62.3k-1.1k138.6k-9.4k77.4k-8.3k
RUB27.1k26.0k1.1k34.1k1.7k7.0k0.6k
Crude Oil707.8k657.6k50.2k854.1k52.6k146.3k2.4k


Brazil stocks higher at close of trade; Bovespa up 0.32%

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

At the close in Sao Paulo, the Bovespa gained 0.32% to hit a new all time high.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 4.57% or 0.50 points to trade at 11.43 at the close. Meanwhile, Braskem SA (SA:BRKM5) added 4.56% or 2.21 points to end at 50.71 and Viavarejo Unt (SA:VVAR11) was up 4.26% or 0.96 points to 23.48 in late trade.

The worst performers of the session were Metalurgica Gerdau SA (SA:GOAU4), which fell 3.67% or 0.25 points to trade at 6.57 at the close. Telefonica Brasil SA (SA:VIVT4) declined 2.68% or 1.36 points to end at 49.35 and Gerdau SA Pref (SA:GGBR4) was down 2.61% or 0.38 points to 14.16.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 230 to 193 and 46 ended unchanged.

Shares in Usinas Siderurgicas de Minas Gerais (SA:USIM5) rose to 3-years highs; rising 4.57% or 0.50 to 11.43.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.24% to 32.67.

Gold Futures for February delivery was up 0.47% or 6.20 to $1333.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.63% or 0.40 to hit $63.55 a barrel, while the March US coffee C contract rose 0.12% or 0.14 to trade at $121.17 .

USD/BRL was down 0.36% to 3.1950, while EUR/BRL fell 0.43% to 3.9073.

The US Dollar Index Futures was up 0.10% at 90.40.

Colombia stocks lower at close of trade; COLCAP unchanged

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

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

The best performers of the session on the COLCAP were Celsia SA (CN:CEL), which rose 2.00% or 95.0 points to trade at 4845.0 at the close. Meanwhile, Grupo Aval Acciones y Valores SA Pref (CN:GAA_p) added 1.57% or 20.0 points to end at 1290.0 and Conconcret (CN:CIC) was up 1.52% or 15.0 points to 1005.0 in late trade.

The worst performers of the session were Canacol Energy Ltd (CN:CNE), which fell 2.85% or 300.0 points to trade at 10220.0 at the close. Cementos Argos Pf (CN:CCB_p) declined 0.90% or 90.0 points to end at 9900.0 and Grupo Nutresa SA (CN:NCH) was down 0.73% or 200.0 points to 27140.0.

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

US coffee C for March delivery was up 0.12% or 0.14 to $121.17 . Elsewhere in commodities trading, US cocoa for delivery in March fell 2.40% or 47.50 to hit $1928.00 , while the February Gold Futures contract rose 0.46% or 6.10 to trade at $1333.30 a troy ounce.

USD/COP was up 0.18% to 2850.00, while BRL/COP rose 0.53% to 891.99.

The US Dollar Index Futures was up 0.09% at 90.39.

Dollar Off Lows as Trump Reportedly Makes Last-Ditch Effort To Avert Shutdown

Investing.com – The dollar eased from session lows against a basket of major currencies amid reports that president Donald Trump invited Senate minority leader Chuck Schumer to work out a deal to avoid a government shutdown.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.14% to 90.36.

Senate Minority Leader Chuck Schumer will go to the White House on Friday to meet with President Donald Trump about a possible deal to avoid a government shutdown, CNBC reported, citing a source familiar with the meeting.

The dollar failed to advance on the news, however, as earlier reports suggested that Democrats and a small contingent of Republicans could block a stopgap bill passed Thursday forcing the government into shutdown.

The University of Michigan's survey of consumer attitudes for January fell to 94.4, missing economists’ forecasts for a reading of 97. While one-year inflation expectations rose 2.8% in January from 2.7% in December, and five-year inflation expectations grew 2.5% from 2.4%.

Action Economics said it expects to see “an upward revision in late-January,” this should narrow the gap to others surveys which have indicated higher readings of consumer consumer confidence.

Sterling and the euro, meanwhile, bucked their recent trend higher against the greenback as both currencies came under pressure.

GBP/USD fell 0.30% to $1.3855 as retail sales data fell short of estimates.

EUR/USD fell 0.11% to $1.224 amid reports that the European Central Bank (ECB) could extend its net asset purchases programme (APP) through the end of the year amid ongoing discussion among ECB policymakers on how best to end its stimulus programme.

USD/CAD rose 0.39% to C$1.2405, while USD/JPY fell 0.45% to Y110.61.

Portugal stocks higher at close of trade; PSI 20 up 0.31%

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

At the close in Lisbon, the PSI 20 gained 0.31% to hit a new 52-week high.

The best performers of the session on the PSI 20 were Sonae Capital (LS:SONAC), which rose 7.13% or 0.0700 points to trade at 1.0520 at the close. Meanwhile, CTT Correios de Portugal SA (LS:CTT) added 2.83% or 0.1000 points to end at 3.6380 and Sonae (LS:YSO) was up 1.57% or 0.0190 points to 1.2290 in late trade.

The worst performers of the session were Corticeira Amorim (LS:CORA), which fell 0.57% or 0.060 points to trade at 10.440 at the close. Nos SGPS SA (LS:NOS) declined 0.54% or 0.0300 points to end at 5.5350 and J. Martins SGPS (LS:JMT) was down 0.51% or 0.0900 points to 17.5600.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 25 to 11 and 2 ended unchanged.

Shares in Sonae Capital (LS:SONAC) rose to 5-year highs; up 7.13% or 0.0700 to 1.0520. Shares in Sonae (LS:YSO) rose to 52-week highs; rising 1.57% or 0.0190 to 1.2290.

Brent oil for March delivery was down 0.97% or 0.67 to $68.64 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.95% or 0.61 to hit $63.34 a barrel, while the February Gold Futures contract rose 0.53% or 7.00 to trade at $1334.20 a troy ounce.

EUR/USD was down 0.02% to 1.2235, while EUR/GBP rose 0.25% to 0.8827.

The US Dollar Index Futures was up 0.07% at 90.37.

Netherlands stocks higher at close of trade; AEX up 0.31%

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

At the close in Amsterdam, the AEX rose 0.31% to hit a new 5-year high.

The best performers of the session on the AEX were Koninklijke Philips NV (AS:PHG), which rose 2.28% or 0.75 points to trade at 33.58 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 2.17% or 1.940 points to end at 91.200 and Wolters Kluwer (AS:WLSNc) was up 1.75% or 0.74 points to 43.08 in late trade.

The worst performers of the session were ABN AMRO Group NV (AS:ABNd), which fell 1.63% or 0.46 points to trade at 27.70 at the close. SBM Offshore NV (AS:SBMO) declined 1.11% or 0.17 points to end at 15.55 and Koninklijke Boskalis Westminster NV (AS:BOSN) was down 0.91% or 0.29 points to 31.56.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 81 to 41 and 10 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 2.31% to 10.00.

Crude oil for February delivery was down 1.00% or 0.64 to $63.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.01% or 0.70 to hit $68.61 a barrel, while the February Gold Futures contract rose 0.55% or 7.30 to trade at $1334.50 a troy ounce.

EUR/USD was up 0.01% to 1.2239, while EUR/GBP rose 0.24% to 0.8826.

The US Dollar Index Futures was up 0.02% at 90.33.

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 1.07%

Investing.com – Denmark stocks were higher after the close on Friday, as gains in the Healthcare, Personal&Household Goods and Technology sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 added 1.07%.

The best performers of the session on the OMX Copenhagen 20 were Genmab (CO:GEN), which rose 2.95% or 33.5 points to trade at 1170.5 at the close. Meanwhile, Chr. Hansen Holding A/S (CO:CHRH) added 2.87% or 15.2 points to end at 544.0 and Lundbeck A/S (CO:LUN) was up 2.36% or 7.3 points to 316.0 in late trade.

The worst performers of the session were Jyske Bank A/S (CO:JYSK), which fell 2.43% or 8.6 points to trade at 344.6 at the close. Vestas Wind Systems A/S (CO:VWS) declined 1.77% or 7.8 points to end at 432.3 and AP Moeller - Maersk A/S B (CO:MAERSKb) was down 1.53% or 170 points to 10965.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 74 to 46 and 20 ended unchanged.

Crude oil for February delivery was down 1.00% or 0.64 to $63.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.01% or 0.70 to hit $68.61 a barrel, while the February Gold Futures contract rose 0.54% or 7.20 to trade at $1334.40 a troy ounce.

USD/DKK was down 0.04% to 6.0820, while EUR/DKK fell 0.04% to 7.4431.

The US Dollar Index Futures was up 0.03% at 90.34.

Belgium stocks higher at close of trade; BEL 20 up 0.22%

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

At the close in Brussels, the BEL 20 added 0.22%.

The best performers of the session on the BEL 20 were UCB (BR:UCB), which rose 2.37% or 1.62 points to trade at 70.00 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 2.17% or 1.940 points to end at 91.200 and Ontex Group (BR:ONTEX) was up 2.01% or 0.52 points to 26.44 in late trade.

The worst performers of the session were Umicore SA (BR:UMI), which fell 0.58% or 0.25 points to trade at 42.74 at the close. Proximus NV (BR:PROX) declined 0.15% or 0.04 points to end at 27.38 and Engie SA (PA:ENGIE) was down 0.10% or 0.01 points to 14.42.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 79 to 33 and 20 ended unchanged.

Gold Futures for February delivery was up 0.55% or 7.30 to $1334.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.05% or 0.67 to hit $63.28 a barrel, while the March Brent oil contract fell 1.04% or 0.72 to trade at $68.59 a barrel.

EUR/USD was down 0.02% to 1.2236, while EUR/GBP rose 0.23% to 0.8825.

The US Dollar Index Futures was up 0.03% at 90.34.

Germany stocks higher at close of trade; DAX up 1.15%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Consumer&Cyclical, Basic Resources and Transportation&Logistics sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.15% to hit a new 1-month high, while the MDAX index gained 0.91%, and the TecDAX index added 0.72%.

The best performers of the session on the DAX were Adidas AG (DE:ADSGN), which rose 6.90% or 11.80 points to trade at 182.80 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 4.45% or 1.120 points to end at 26.300 and Fresenius SE&Co KGAA O.N. (DE:FREG) was up 3.10% or 2.020 points to 67.140 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 0.51% or 0.46 points to trade at 89.66 at the close. Linde AG O.N. (DE:LING) declined 0.37% or 0.70 points to end at 188.20 and Heidelbergcement AG O.N. (DE:HEIG) was down 0.34% or 0.320 points to 92.560.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 6.23% to 0.51, Rheinmetall AG (DE:RHMG) which was up 2.93% to settle at 114.300 and Rational AG (BS:RAAd) which gained 2.85% to close at 558.90.

The worst performers were Metro AG (DE:MEOG) which was down 12.68% to 11.395 in late trade, Uniper SE (DE:UN01) which lost 1.03% to settle at 25.040 and K+S AG NA O.N. (DE:SDFGn) which was down 0.85% to 22.160 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENG) which rose 5.43% to 32.640, Evotec AG O.N. (DE:EVTG) which was up 3.35% to settle at 14.200 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 3.13% to close at 59.250.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 5.04% to 13.750 in late trade, Slm Solution G (DE:AM3D) which lost 1.87% to settle at 44.50 and Nordex SE O.N. (DE:NDXG) which was down 1.40% to 10.920 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 488 to 232 and 96 ended unchanged.

Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; up 2.93% or 3.250 to 114.300. Shares in Jenoptik AG (DE:JENG) rose to all time highs; up 5.43% or 1.680 to 32.640. Shares in CompuGroup Medical AG O.N. (DE:COPMa) rose to all time highs; up 3.13% or 1.800 to 59.250.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.23% to 12.61.

Gold Futures for February delivery was up 0.57% or 7.60 to $1334.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.05% or 0.67 to hit $63.28 a barrel, while the March Brent oil contract fell 1.02% or 0.71 to trade at $68.60 a barrel.

EUR/USD was up 0.02% to 1.2240, while EUR/GBP rose 0.26% to 0.8828.

The US Dollar Index Futures was up 0.01% at 90.32.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.38%

Investing.com – U.K. stocks were higher after the close on Friday, as gains in the Tobacco, Forestry&Paper and Industrial Metals&Mining sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 added 0.38%.

The best performers of the session on the Investing.com United Kingdom 100 were EasyJet PLC (LON:EZJ), which rose 4.73% or 71.50 points to trade at 1584.50 at the close. Meanwhile, InterContinental Hotels Group PLC (LON:IHG) added 2.58% or 124.00 points to end at 4928.00 and British American Tobacco PLC (LON:BATS) was up 2.26% or 112.00 points to 5062.00 in late trade.

The worst performers of the session were Capita PLC (LON:CPI), which fell 4.17% or 15.80 points to trade at 363.20 at the close. Dixons Carphone PLC (LON:DC) declined 3.57% or 6.95 points to end at 187.95 and Babcock International Group PLC (LON:BAB) was down 3.25% or 24.00 points to 714.00.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1102 to 897 and 140 ended unchanged.

Shares in EasyJet PLC (LON:EZJ) rose to 52-week highs; up 4.73% or 71.50 to 1584.50. Shares in Capita PLC (LON:CPI) fell to 5-year lows; falling 4.17% or 15.80 to 363.20. Shares in InterContinental Hotels Group PLC (LON:IHG) rose to all time highs; rising 2.58% or 124.00 to 4928.00.

Gold Futures for February delivery was up 0.56% or 7.40 to $1334.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.02% or 0.65 to hit $63.30 a barrel, while the March Brent oil contract fell 1.01% or 0.70 to trade at $68.61 a barrel.

GBP/USD was down 0.24% to 1.3864, while EUR/GBP rose 0.26% to 0.8828.

The US Dollar Index Futures was up 0.02% at 90.33.

Poland stocks higher at close of trade; WIG30 up 0.41%

Investing.com – Poland stocks were higher after the close on Friday, as gains in the Media, Information Technology and Oil&Gas sectors led shares higher.

At the close in Warsaw, the WIG30 rose 0.41% to hit a new all time high.

The best performers of the session on the WIG30 were Kruk SA (WA:KRU), which rose 3.54% or 7.60 points to trade at 222.40 at the close. Meanwhile, Grupa Lotos SA (WA:LTSP) added 2.93% or 1.66 points to end at 58.40 and Eurocash SA (WA:EUR) was up 1.93% or 0.52 points to 27.42 in late trade.

The worst performers of the session were Enea SA (WA:ENAE), which fell 1.78% or 0.21 points to trade at 11.62 at the close. Kernel Holding SA (WA:KER) declined 1.72% or 0.85 points to end at 48.65 and Bank Millennium SA (WA:MILP) was down 1.24% or 0.12 points to 9.52.

Rising stocks outnumbered declining ones on the Warsaw Stock Exchange by 243 to 233 and 199 ended unchanged.

Crude oil for February delivery was down 0.92% or 0.59 to $63.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.92% or 0.64 to hit $68.67 a barrel, while the February Gold Futures contract rose 0.53% or 7.10 to trade at $1334.30 a troy ounce.

EUR/PLN was up 0.26% to 4.1729, while USD/PLN rose 0.28% to 3.4103.

The US Dollar Index Futures was up 0.04% at 90.35.

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.36%

Investing.com – Sweden stocks were higher after the close on Friday, as gains in the Healthcare, Industrials and Basic Materials sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 added 0.36%.

The best performers of the session on the OMX Stockholm 30 were Sandvik AB (ST:SAND), which rose 1.76% or 2.75 points to trade at 159.15 at the close. Meanwhile, Getinge AB ser. B (ST:GETIb) added 1.63% or 1.9 points to end at 115.5 and Securitas AB ser. B (ST:SECUb) was up 1.37% or 2.00 points to 148.15 in late trade.

The worst performers of the session were Skandinaviska Enskilda Banken AB A (ST:SEBa), which fell 1.09% or 1.10 points to trade at 100.00 at the close. Tele2 AB (ST:TEL2b) declined 0.95% or 0.92 points to end at 95.44 and Skanska AB ser. B (ST:SKAb) was down 0.77% or 1.25 points to 160.25.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 346 to 259 and 58 ended unchanged.

Shares in Sandvik AB (ST:SAND) rose to all time highs; up 1.76% or 2.75 to 159.15.

Crude oil for February delivery was down 0.91% or 0.58 to $63.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.91% or 0.63 to hit $68.68 a barrel, while the February Gold Futures contract rose 0.53% or 7.10 to trade at $1334.30 a troy ounce.

EUR/SEK was up 0.19% to 9.8327, while USD/SEK rose 0.22% to 8.0354.

The US Dollar Index Futures was up 0.03% at 90.34.

Morocco stocks higher at close of trade; Moroccan All Shares up 0.79%

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

At the close in Casablanca, the Moroccan All Shares gained 0.79% to hit a new 5-year high.

The best performers of the session on the Moroccan All Shares were Hps (CS:HPS), which rose 6.80% or 119.00 points to trade at 1869.00 at the close. Meanwhile, Afriquia Gaz (CS:AGAZ1) added 5.99% or 180 points to end at 3186 and Lydec (CS:LYD) was up 5.98% or 37.40 points to 662.40 in late trade.

The worst performers of the session were SMI (CS:SMI), which fell 5.97% or 197 points to trade at 3103 at the close. Sothema (CS:SOT) declined 5.67% or 85 points to end at 1415 and Fenie Brossette (CS:FBR) was down 5.63% or 8.95 points to 150.05.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 37 to 12 and 8 ended unchanged.

Shares in Hps (CS:HPS) rose to 5-year highs; up 6.80% or 119.00 to 1869.00. Shares in Afriquia Gaz (CS:AGAZ1) rose to all time highs; gaining 5.99% or 180 to 3186.

Crude oil for February delivery was down 1.02% or 0.65 to $63.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.01% or 0.70 to hit $68.61 a barrel, while the February Gold Futures contract rose 0.57% or 7.60 to trade at $1334.80 a troy ounce.

EUR/MAD was up 0.01% to 11.2980, while USD/MAD fell 0.02% to 9.2287.

The US Dollar Index Futures was up 0.01% at 90.32.

Norway stocks higher at close of trade; Oslo OBX up 0.18%

Investing.com – Norway stocks were higher after the close on Friday, as gains in the Auto&components, Transport and Commercial Service And Supplies sectors led shares higher.

At the close in Oslo, the Oslo OBX gained 0.18%.

The best performers of the session on the Oslo OBX were Norwegian Finans Holding ASA (OL:NOFI), which rose 3.01% or 2.65 points to trade at 90.75 at the close. Meanwhile, Golden Ocean Group Ltd (OL:GOGLT) added 2.04% or 1.40 points to end at 70.00 and Norsk Hydro ASA (OL:NHY) was up 1.74% or 1.04 points to 61.00 in late trade.

The worst performers of the session were BW LPG Ltd (OL:BWLPG), which fell 2.27% or 0.89 points to trade at 38.31 at the close. Subsea 7 SA (OL:SUBC) declined 1.64% or 2.2 points to end at 129.2 and Yara International ASA (OL:YAR) was down 1.21% or 4.7 points to 385.1.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 108 to 72 and 26 ended unchanged.

Crude oil for February delivery was down 1.02% or 0.65 to $63.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.01% or 0.70 to hit $68.61 a barrel, while the February Gold Futures contract rose 0.57% or 7.60 to trade at $1334.80 a troy ounce.

EUR/NOK was up 0.10% to 9.6100, while USD/NOK rose 0.08% to 7.8507.

The US Dollar Index Futures was up 0.01% at 90.32.

Italy stocks higher at close of trade; Investing.com Italy 40 up 0.53%

Investing.com – Italy stocks were higher after the close on Friday, as gains in the Healthcare, Travel&Leisure and Telecoms sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 gained 0.53% to hit a new 52-week high.

The best performers of the session on the Investing.com Italy 40 were Salvatore Ferragamo (MI:SFER), which rose 3.83% or 0.84 points to trade at 22.76 at the close. Meanwhile, Yoox Net-A-Porter Group SpA (MI:YNAP) added 2.44% or 0.72 points to end at 30.26 and Generali (MI:GASI) was up 2.34% or 0.37 points to 16.17 in late trade.

The worst performers of the session were Mediaset (MI:MS), which fell 1.29% or 0.042 points to trade at 3.212 at the close. Saipem SpA (MI:SPMI) declined 0.99% or 0.0400 points to end at 4.0160 and Banco Bpm (MI:BAMI) was down 0.98% or 0.028 points to 2.822.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 202 to 155 and 33 ended unchanged.

Shares in Generali (MI:GASI) rose to 52-week highs; rising 2.34% or 0.37 to 16.17.

Crude oil for February delivery was down 1.24% or 0.79 to $63.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.17% or 0.81 to hit $68.50 a barrel, while the February Gold Futures contract rose 0.51% or 6.80 to trade at $1334.00 a troy ounce.

EUR/USD was down 0.04% to 1.2233, while EUR/GBP rose 0.31% to 0.8832.

The US Dollar Index Futures was up 0.07% at 90.37.

Greece stocks higher at close of trade; Athens General Composite up 1.30%

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

At the close in Athens, the Athens General Composite rose 1.30%.

The best performers of the session on the Athens General Composite were Select Textile (AT:EPIr), which rose 7.00% or 0.014 points to trade at 0.214 at the close. Meanwhile, ThesKi Port (AT:OLTr) added 6.92% or 1.80 points to end at 27.80 and Crete Plastics SA (AT:PLAKR) was up 4.84% or 0.450 points to 9.750 in late trade.

The worst performers of the session were Athens Medical (AT:AMCr), which fell 2.74% or 0.040 points to trade at 1.420 at the close. Jumbo SA (AT:BABr) declined 2.27% or 0.350 points to end at 15.090 and Piraeus Port (AT:OLPr) was down 2.04% or 0.34 points to 16.36.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 79 to 31 and 15 ended unchanged.

Shares in ThesKi Port (AT:OLTr) rose to 3-years highs; rising 6.92% or 1.80 to 27.80.

Gold Futures for February delivery was up 0.47% or 6.30 to $1333.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.13% or 0.72 to hit $63.23 a barrel, while the March Brent oil contract fell 1.08% or 0.75 to trade at $68.56 a barrel.

EUR/USD was down 0.07% to 1.2229, while EUR/GBP rose 0.25% to 0.8827.

The US Dollar Index Futures was up 0.09% at 90.39.

USD/CAD Rises Despite Upbeat Canadian Data

Investing.com - The U.S. dollar rose against its Canadian counterpart on Friday, despite the release of upbeat data from Canada and overall caution regarding the greenback, as a sharp decline in oil prices dampened demand for Canada's commodity-related currency.

USD/CAD was up 0.17% at 1.2442 by 09:30 a.m. ET (13:30 GMT).

Sentiment on the greenback remained vulnerable as U.S. lawmakers failed to agree on a federal budget deal on Thursday, sparking fears of a government shutdown this weekend.

The U.S. dollar was also affected by the fact that the yield on the U.S. 10-year Treasury hit its highest level since 2014.

The dollar has been pressured lower in recent sessions amid concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, including the European Central Bank to begin unwinding loose monetary policy at a faster pace.

In Canada, data on Friday showed that manufacturing sales increased 3.4% in November, beating expectations for a 2.0% gain. Manufacturing sales slipped 0.6% in October, whose figure was revised from a previously estimated 0.4% dip.

But the local currency was pressured lower by dropping oil prices, following news of an increase in U.S. production.

The Canadian dollar also remained on the downside after the Bank of Canada on Wednesday hiked its overnight cash rate to 1.25% from 1.0%, in a widely anticipated decision.

The loonie was also lower against the euro, with EUR/CAD up 0.17% to 1.5225.

Cryptocurrencies Attempt Recovery Amid Weekly Bloodbath Over Regulatory Concerns

Investing.com – Cryptocurrencies fought on Friday to recover from a weekly bloodbath that saw double-digit losses among their largest members.

These digital assets have experienced a volatile start to 2018 after a massive rally last year as worries over increased regulatory scrutiny hit the market.

Policymakers in South Korea once again indicated on Thursday that they are considering shutting down domestic cryptocurrency exchanges. The country is one is one of the largest markets for major coins like bitcoin and ethereum.

Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes.

The Chinese public security ministry said on Friday that the world’s second largest economy will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games. As concerns over investor protection grow across the globe.

The U.S. Securities & Exchange Commission on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

The SEC's division of investment management demanded answers to at least 31 detailed questions about how mutual funds or exchange-traded funds based on bitcoin would store, safeguard, and price that asset.

“There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors,” the SEC's director of the division of investment management Dalia Blass warned in a letter to fund managers who unleashed a range of proposals for funds holding bitcoin or related assets.

The International Monetary Fund is calling for global coordination on cryptocurrencies as it warned of the risks from surging prices.

“Greater international discussion and cooperation among regulators, yes, would be helpful,” IMF spokesman Gerry Rice told reporters Thursday in Washington.

Governments around the world are grappling with how to regulate cryptocurrency trading, and policymakers are expected to discuss the matter at a G20 summit in Argentina in March.

As of 9:19AM ET (14:19GMT), most of the major cryptocurrencies, known for extreme volatility, were registering gains on the back of heavy weekly losses.

Specifically, Bitcoin, the largest by market cap, traded up around 19% at $11,703.00, but was still on track for losses of more than 14% in the last seven days.

Number two Ethereum rose 3.8% to $1,073.90, with a weekly decline of about 13%.

The more “affordable” competitor Ripple traded up 5.5% to $1.61745, reducing its weekly losses to about 18%.

Meanwhile, Bitcoin-offshoot Bitcoin Cash edged forward 0.4% to $1,803.10 but still chalked up a weekly plunge of more than 28%.

Survey Shows Millennials Struggling With Retirement

Investing.com - A majority of millennials expect to experience another economic depression and retire at an older age than their parents.
Those are two of the conclusions of a new survey by Aperion Care, which interviewed 2,000 millennials
Almost 80% said they expect to live through another major economic downturn in their lifetime, while 60% said they will retire later in life than their parents.
The survey also shows that millennials are struggling to save money for retirement and may be underestimating how much is needed for their post working years.
Only 58% have started saving for retirement.
More than 80% have saved less than $50,000.
One in three think they'll need less than $200,000 to retire comfortably.

Top 5 Things to Know in the Market on Friday

Investing.com - Here are the top five things you need to know in financial markets on Friday, January 19:

1. U.S. 10-year yield hits highest level since 2014

The yield on the U.S. 10-year Treasury hit its highest level in more than three years on Friday as the selloff in global bond markets continued. Bond yields move inversely to prices.

Investors are speculating that global central banks are embarking on a solid move to remove ultra-loose monetary policies with the Federal Reserve projecting to raise interest rates three times this year.

Moreover, market participants are positioning ahead of governement debt issuance that will likely be needed if U.S. President Donald Trump’s follows through on his massive infrastructure plan.

At 5:59AM ET (10:59GMT), the 10-year yield rose around 0.7% to 2.630%, close to an intraday high of 2.642%, not seen since September 2014.

2. Dollar wallows near 3-year lows on government shutdown worries

The dollar hovered near a three-year low against major rivals on Friday as fears of a possible U.S. government shutdown added to underlying weakness that stems from the growing trend toward monetary policy normalization around the world.

The U.S. House of Representatives passed a bill on Thursday to fund government operations through February 16 and avoid agency shutdowns this weekend when existing allocations expire, but President Donald Trump’s insistence that an extension of funding for the Children's Health Insurance Program (CHIP), a Democratic priority may have complicated its passage in the Senate.

At 6:01AM ET (11:01GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.22% at 90.11, moving closer to Wednesday's three-year trough of 89.97. It is down around 2% so far in 2018.

3. U.S. set to take pole position in global oil output, IEA says

U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said in its monthly report released Friday.

The IEA boosted its forecasts for non-OPEC supply growth this year by 100,000 barrels to 1.7 million barrels a day compared to last month’s report.

“This year promises to be a record-setting one for the U.S.,” the IEA said Friday.

“Relentless growth should see the U.S. hit historic highs above 10 million barrels a day (in output), overtaking Saudi Arabia and rivaling Russia during the course of 2018 — provided OPEC and non-OPEC restraints remain in place," the Paris-based organization explained.

U.S. crude oil futures fell 0.39% to $63.70 at 6:02AM ET (11:02GMT), while Brent oil lost 0.40% to $69.03.

Later on Friday, market participants will also keep an eye on U.S. shale production when Baker Hughes releases its most recent weekly rig count data.

4. Wall Street set to recover while eyeing shutdown and consumer data

U.S. stocks looked set Friday to bounce back from the prior session’s losses as market participants kept an eye on developments in the wrangling over the extension of funding to avoid a government shutdown this weekend.

Investors will also pay attention to the preliminary release of the University of Michigan’s consumer sentiment index for January out at 10:00AM ET (15:00GMT).

At 6:03AM ET (11:03GMT) Friday, the blue-chip Dow futures rose 87 points, or 0.34%, S&P 500 futures advanced 8 points, or 0.30%, while the Nasdaq 100 futures gained 31 points, or 0.46%.

Elsewhere, European bourses also gained as traders focused on a fresh round of corporate earnings reports.

Earlier, Asian shares closed higher as optimism over the global economic growth outlook and improved corporate earnings continued to support the rally at the start of 2018. Further supporting economic confidence was data on Thursday that showed China's growth in 2017 accelerated for the first time in seven years.

5. Cryptocurrency stage recovery from sharp selloff

After a severe selloff this week under the ongoing threat of regulation in the crypto-industry after China and South Korea were recently reported to be preparing a set of regulatory measures aimed at curbing or even banning cryptocurrency-related activities, the altcoins staged a broad-based recovery on Friday.

Despite the potential of a ban, investors returned to the market as the total cryptocurrency market cap rose more than 20% to nearly $600 billion from a low of around $478 billion on Wednesday, triggering a rebound in both large cap coins and smaller “altcoins.”

Bitcoin was trading at $11,651 by 6:05AM ET (11:05GMT) on the Bitfinex exchange, up 3.5%.

Ethereum, the world’s second largest cryptocurrency by market cap, was last up 5.5% at $1,060.00 on the Bitfinex exchange.

Meanwhile, Ripple's XRP token jumped nearly 15% to $1.638.21 on the Poloniex exchange.

India stocks higher at close of trade; Nifty 50 up 0.72%

Investing.com – India stocks were higher after the close on Friday, as gains in the Banking, Real Estate and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.72% to hit a new all time high, while the BSE Sensex 30 index gained 0.71%.

The best performers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd (NS:INBF), which rose 4.79% or 59.60 points to trade at 1301.80 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 4.20% or 17.50 points to end at 433.45 and Bajaj Finance Ltd (NS:BJFN) was up 2.73% or 45.30 points to 1701.90 in late trade.

The worst performers of the session were Ambuja Cements Ltd. (NS:ABUJ), which fell 2.68% or 7.40 points to trade at 268.60 at the close. UltraTech Cement Ltd (NS:ULTC) declined 2.35% or 103.65 points to end at 4300.00 and Infosys Ltd (NS:INFY) was down 0.59% or 6.80 points to 1143.45.

The top performers on the BSE Sensex 30 were Adani Port and Special Economic Zone Ltd (BO:APSE) which rose 4.68% to 433.75, ICICI Bank Ltd (BO:ICBK) which was up 2.15% to settle at 353.55 and State Bank Of India (BO:SBI) which gained 2.08% to close at 309.05.

The worst performers were Infosys Ltd (BO:INFY) which was down 0.82% to 1143.25 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 0.74% to settle at 572.00 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.61% to 196.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 814 to 796 and 29 ended unchanged; on the Bombay Stock Exchange, 1436 fell and 1379 advanced, while 134 ended unchanged.

Shares in ICICI Bank Ltd (BO:ICBK) rose to 52-week highs; gaining 2.15% or 7.45 to 353.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.16% to 13.9825.

Gold Futures for February delivery was up 0.60% or 8.00 to $1335.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.45% or 0.29 to hit $63.66 a barrel, while the March Brent oil contract fell 0.52% or 0.36 to trade at $68.95 a barrel.

USD/INR was down 0.18% to 63.761, while EUR/INR rose 0.09% to 78.2365.

The US Dollar Index Futures was down 0.22% at 90.11.

Indonesia stocks higher at close of trade; IDX Composite Index up 0.28%

Investing.com – Indonesia stocks were higher after the close on Friday, as gains in the Basic Industry, Mining and Miscellaneous Industry sectors led shares higher.

At the close in Jakarta, the IDX Composite Index added 0.28% to hit a new all time high.

The best performers of the session on the IDX Composite Index were PT First Indo American Leasing Tbk (JK:FINN), which rose 34.48% or 40 points to trade at 156 at the close. Meanwhile, LCK Global Kedaton (JK:LCKM) added 24.49% or 119 points to end at 605 and Tifico Fiber Indonesia Tbk (JK:TFCO) was up 16.13% or 100 points to 720 in late trade.

The worst performers of the session were Ramayana Lestari Sentosa Tbk (JK:RALS), which fell 17.33% or 260 points to trade at 1240 at the close. Fortune Mate Indonesia Tbk (JK:FMII) declined 16.67% or 100 points to end at 500 and Intikeramik Alamasri Industri (JK:IKAI) was down 9.52% or 12 points to 114.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 175 to 169 and 130 ended unchanged.

Shares in LCK Global Kedaton (JK:LCKM) rose to all time highs; rising 24.49% or 119 to 605.

Crude oil for February delivery was down 0.67% or 0.43 to $63.52 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.61% or 0.42 to hit $68.89 a barrel, while the February Gold Futures contract rose 0.65% or 8.60 to trade at $1335.80 a troy ounce.

USD/IDR was down 0.16% to 13317.0, while AUD/IDR rose 0.01% to 10673.50.

The US Dollar Index Futures was down 0.25% at 90.08.

GBP/USD Trims Gains After UK Data Disappoints

Investing.com - The pound trimmed gains against the U.S. dollar on Friday, after the release of downbeat UK retail sales dampened optimism over the strength of the economy, although overall weakness in the greenback kept the pair near one-and-a-half year highs.

GBP/USD was still up 0.13% at 1.3915, off session highs of 1.3941 and not far from Wednesday's one-and-a-half year peak of 1.3944.

The pound weakened after data on Friday showed that UK retail sales declined much more than expected in December.

In other news, French President Emmanuel Macron said on Thursday that, if the UK wants access to the single market, it will have to contribute to the European Union budget and follow European jurisdiction.

Macron's comments followed a meeting with U.K. Prime Minister Theresa May on Thursday.

Meanwhile, sentiment on the greenback remained vulnerable as U.S. lawmakers failed to agree on a federal budget deal on Thursday, sparking fears of a government shutdown this weekend.

The dollar has been pressured lower in recen sessions amid concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, including the European Central Bank to begin unwinding loose monetary policy at a faster pace.

Sterling was lower against the euro, with EUR/GBP rising 0.23% to 0.8824.

UK Retail Sales Fall Twice as Much as Forecast in December

Investing.com – Retail sales in the UK declined much more than expected in December, dampening optimism over the British economy, official data showed on Friday.

In a report, UK Office for National Statistics said that retail sales decreased by 1.5% in December from the prior month, compared to the previous 1.0% gain which was revised from an initial 1.1% rise.

Analysts had expected December’s reading to drop by just 0.6%.

Year-on-year, retail sales rose by 1.4% last month, less than half the forecast for a 3.0% increase and compared to November’s 1.5% advance which was a downward revision from the initial 1.6% gain.

Core retail sales, which exclude automobile sales and fuel, fell by 1.6% in December, compared to the prior 1.1% advance which was revised down from an initial gain of 1.2%.

Economists had expected core retail sales to decline by just 0.8%.

Year-on-year, core retail sales gained 1.3% in December, missing expectations for a 3.0% increase and compared to the previous month’s 1.5% rise.

Following the report, GBP/USD traded at 1.3934 from around 1.3935 ahead of the release of the data, EUR/GBP was at 0.8818 from 0.8813 earlier, while GBP/JPY traded at 154.05 compared to 154.11 before the report.

Meanwhile, European stock markets traded mostly higher. London’s FTSE 100 edged forward 0.11%, the Euro Stoxx 50 gained 0.73%, France's CAC 40 traded up 0.50%, while Germany's DAX advanced 0.82%.

Prospect of Fed Rate Hikes Heats Up Mortgage Market

Investing.com - Mortgage rates haven't moved much this year but expectations of Federal Reserve interest rate hikes are prompting homebuyers to lock in loans.
Mortgage applications have posted solid gains in the past two weeks, according to an industry trade group.
Even though mortgage rates are still relatively low on a historical basis, analysts say consumers often make decisions in anticipation of future rate increases.
The Federal Reserve is expected to raise official interest rates two to three times this year, continuing a cycle that started in 2015.
Over the past 12 months, the rate on a 30 year mortgage averaged 4.14%, but recently touched its highest level since March of last year.
Rates are expected to peak between 4.5% and 4.7% in 2018. The high end would be the highest in seven years.
Higher borrowing costs may discourage some potential buyers, who already face rising prices because of the relatively low supply of homes.

Amid Selloff and Controversy, Venezuela Plots Cryptocurrency Launch

Investing.com - Cryptocurrency prices may be under pressure because of worries about new government regulation in Asia, but that isn't stopping Venezuela from pushing ahead with the launch of its digital currency.
The launch of the government's oil-backed cryptocurrency, known as the petro, is now planned for February 14. It had been expected to launch around the new year
President Nicholas Maduro plans to go ahead with the launch even though the country's opposition-led parliament has declared the petro illegal,
The plan is to first offer the currency to institutional investors, possibly at a discounted price. It will then be sold to retail investors.
The government wants to issue 100 million coins, each one backed by a barrel of crude oil.
Venezuela hopes to raise several billion dollars to help the cash-strapped government cope with a deep recession.

Japan stocks higher at close of trade; Nikkei 225 up 0.22%

Investing.com – Japan stocks were higher after the close on Friday, as gains in the Rubber, Transportation Equipment and Precision Instruments sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 0.22%.

The best performers of the session on the Nikkei 225 were Tokuyama Corp. (T:4043), which rose 4.58% or 160.0 points to trade at 3650.0 at the close. Meanwhile, Tosoh Corp. (T:4042) added 3.60% or 88.0 points to end at 2531.0 and Haseko Corp (T:1808) was up 3.56% or 62.00 points to 1804.00 in late trade.

The worst performers of the session were Yamaha Corp. (T:7951), which fell 3.23% or 150.0 points to trade at 4490.0 at the close. Mitsui Chemicals, Inc. (T:4183) declined 3.19% or 115.0 points to end at 3492.5 and Oki Electric Industry Co., Ltd. (T:6703) was down 2.95% or 48.0 points to 1577.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2164 to 1211 and 202 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 4.13% to 16.12.

Crude oil for February delivery was down 1.11% or 0.71 to $63.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.88% or 0.61 to hit $68.70 a barrel, while the February Gold Futures contract rose 0.38% or 5.10 to trade at $1332.30 a troy ounce.

USD/JPY was down 0.29% to 110.78, while EUR/JPY unchanged 0.00% to 135.94.

The US Dollar Index Futures was down 0.21% at 90.12.

CFD e Forex sono prodotti con leva. CFD Trading comporta un alto livello di rischio in quanto la leva può funzionare sia a vantaggio che a svantaggio. Di conseguenza, I CFD potrebbero non essere adatti a tutti gli investitori, perché si rischia di perdere tutto il capitale investito. Si prega di consultare l’intera dichiarazione dell’assunzione del Rischio.