Asian Shares Mostly Weaker With Nikkei 225 Down As Investors Await Fed

Investing.com - Asian markets were mostly weaker on Tuesday as investors stayed cautious ahead of the start of a two-day Fed meeting widely expected to produce a rate hike of a quarter point.

Japan's Nikkei 225 fell 0.18%, while Australia's S&P/ASX 200 gained 0.17%. Toshiba shares rose 1%, outperforming most peers in the tech sector in Japan after the company said it had not come to a consensus over a dispute with Western Digital (NASDAQ:WDC). On Monday, Argyle Street Management, an activist investor in Toshiba, told the troubled Japanese company it did not have to sell its memory chip arm to a consortium led by Bain, Reuters reported. Argyle made the remarks after Toshiba received a recent cash injection, the news agency added.

Australia reported the third quarter house price index fell 0.2%, compared with a 0.6% rise seen, while NAB released its business confidence with a reading of 6, down from 8 and its business survey with a reading of 12, down from 21 for November.

Earlier, Japan said producer prices rose a more than expected 0.4% in November on month and a 3.5% pace on year.

In Greater China, the Shanghai Composite slipped 0.57% and the Hang Seng index fell 0.46%.

Overnight, U.S. stocks were higher after the close on Monday, as gains in the Telecoms, Technology and Oil & Gas sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.23% to hit a new all time high, while the S&P 500 index climbed 0.32%, and the NASDAQ Composite index added 0.51%.

Crude Oil Gains Solidly In Asia On UK Pipeline Outage, API Estimates Awaited

Investing.com - Crude oil prices gained in Asia on Tuesday led by Brent crossing $65 a barrel for the first time since 2015 as a shutdown of a key pipeline led to a spike in the global benchmark and investors looked ahead to US industry inventory estimates on crude and refined products.

On the New York Mercantile Exchange crude futures for January delivery rose 0.41% to $58.23 a barrel, while on London's Intercontinental Exchange, Brent gained 0.56% to trade at $65.08 a barrel.

The American Petroleum Institute reports its estimates of US crude and refined product stocks last week with a 3.780 million barrels draw in crude and a build of 416,000 barrels in distillates and a 2.184 million barrels gain in gasoline supplies expected.

The estimates will be followed on Wednesday by official data from the Energy Information Administration.

Overnight, Brent oil prices settled sharply higher on Monday amid supply disruptions after a major North Sea pipeline shut for repairs, while signs of rising US production capped gains in crude oil prices.

The Brent-WTI spread rose to the widest since October, as Brent prices surge after the shutdown of the Forties pipeline, which carries 40% of North Sea oil and gas, sparked expectations of tightening supply.

The shutdown comes four days after the pipeline operating capacity was cut following reports of “small” leak last week.

In the U.S., meanwhile, gains in the WTI crude oil futures were somewhat capped amid signs of growing output from US producers.

The number of oil rigs operating in the US rose for the third consecutive week, said oil field services company Baker Hughes on Friday.

The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand. A higher rig count tends to signal a further rise in U.S. production.

Earlier in the session oil prices shrugged off somewhat bearish comments from UAE Energy Minister Suhail bin Mohammed al-Mazroui, who said OPEC and non-OPEC producers plan to announce in June an exit strategy from global supply cuts but stressed that the pact would not end by then.

Gold Prices Slip Slightly In Asia With focus On Fed Language

Investing.com Gold prices dipped slightly in Asia on Tuesday with language from he Fed after its rate announcement on Wednesday seen as key for direction.

Gold futures for February delivery on the Comex division of the New York Mercantile Exchange fell 0.06% to $1,246.10 a troy ounce.

Overnight, gold prices remained under pressure on Monday despite weakness in the dollar as data showed money managers slashed their bullish bets on the precious metal to a 17-week low ahead of a widely expected Federal Reserve interest rate hike.

Fresh from a three-week losing streak, gold prices struggled to pare recent losses as investors awaited the final Federal Reserve meeting of the year which is slated to get underway on Tuesday, with a policy decision due Wednesday.

As well as the policy decision on interest rates, investors are expected to parse the Federal Reserve’s update to the summary of economic projections for clues on future monetary policy.

According to investing.com’s fed rate monitor tool, 100% of traders expect the Federal Reserve to hike interest rates on Wednesday. In anticipation of further monetary policy tightening, traders have slashed their bullish bets on gold to a 17-week low.

Large speculative net long position fell 51,100 to 173,300, a 17-week low, the CFTC said on Friday.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

Aussie Dips As Housing Data, NAB Sentiment Views Disappoint

Investing.com - The Aussie reversed course and fell after disappointing housing data and a weak business sentiment reading from NAB on Tuesday as the market stayed cautious ahead of the start of a two-day Fed meeting widely expected to produce a rate hike of a quarter point.

Australia reported the third quarter house price index fell 0.2%, compared with a 0.6% rise seen, while NAB released its business confidence with a reading of 6, down from 8 and its business survey with a reading of 12, down from 21 for November.

Earlier, Japan said producer prices rose a more than expected 0.4% in November on month and a 3.5% pace on year.

AUD/USD traded at 0.7522, down 0.07%, while USD/JPY changed hands at 113.55, down 0.01%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.11% to 93.94.

Overnight, the dollar was mostly unchanged against a basket of major currencies on Monday after data showed US employers posted fewer job openings than expected in October, pointing to signs of possible weakness in the labor market.

The U.S. Labor Department's latest Job Openings and Labor Turnover Survey (JOLTs) report, a measure of labor demand, showed job openings in October cooled to about 6 million, missing expectations of 6.03 million.

The subdued report comes as investors continued to mull over last Friday’s November nonfarm payrolls showing wage growth remained stagnant, despite an uptick in the number of jobs created.

Also weighing on the dollar was an uptick in the safe-haven currencies like the yen and Swiss franc after an explosion in New York weighed on risk sentiment.

Peru stocks lower at close of trade; S&P Lima General down 0.14%

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

At the close in Lima, the S&P Lima General declined 0.14% to hit a new 1-month low.

The best performers of the session on the S&P Lima General were Alicorp (LM:ALI), which rose 1.96% or 0.200 points to trade at 10.420 at the close. Meanwhile, Unacem (LM:CEL) added 1.72% or 0.050 points to end at 2.960 and Grana Y Monter (LM:GRA) was up 1.53% or 0.030 points to 1.990 in late trade.

The worst performers of the session were Edegel (LM:EDE), which fell 4.76% or 0.100 points to trade at 2.000 at the close. Milpo (LM:MIL) declined 3.50% or 0.160 points to end at 4.410 and PPX Mining Corp (LM:PPX) was 2.82% or 0.00 points to 0.07.

Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 19 to 9 and 13 ended unchanged.

Shares in Edegel (LM:EDE) fell to 5-year lows; falling 4.76% or 0.100 to 2.000.

Crude oil for January delivery was up 1.10% or 0.63 to $57.99 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.00% or 1.27 to hit $64.67 a barrel, while the February Gold Futures contract fell 0.38% or 4.80 to trade at $1243.60 a troy ounce.

USD/PEN was up 0.20% to 3.2426, while EUR/PEN rose 0.25% to 3.8151.

The US Dollar Index Futures was up 0.11% at 93.94.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.23%

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

At the close in NYSE, the Dow Jones Industrial Average rose 0.23% to hit a new all time high, while the S&P 500 index climbed 0.32%, and the NASDAQ Composite index added 0.51%.

The best performers of the session on the Dow Jones Industrial Average were Walt Disney Company (NYSE:DIS), which rose 2.49% or 2.60 points to trade at 106.83 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 1.95% or 3.30 points to end at 172.67 and Verizon Communications Inc (NYSE:VZ) was up 1.47% or 0.75 points to 51.84 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 0.96% or 2.74 points to trade at 283.16 at the close. Home Depot Inc (NYSE:HD) declined 0.63% or 1.16 points to end at 182.25 and UnitedHealth Group Incorporated (NYSE:UNH) was down 0.51% or 1.14 points to 222.77.

The top performers on the S&P 500 were CenturyLink Inc (NYSE:CTL) which rose 8.18% to 15.87, TechnipFMC PLC (NYSE:FTI) which was up 4.53% to settle at 28.59 and Symantec Corporation (NASDAQ:SYMC) which gained 4.43% to close at 29.22.

The worst performers were Scana Corporation (NYSE:SCG) which was down 6.17% to 42.38 in late trade, Macerich Company (NYSE:MAC) which lost 3.74% to settle at 63.29 and Ulta Beauty Inc (NASDAQ:ULTA) which was down 3.74% to 216.14 at the close.

The top performers on the NASDAQ Composite were Yield10 Bioscience Inc (NASDAQ:YTEN) which rose 179.29% to 5.530, argenx NV ADR (NASDAQ:ARGX) which was up 78.88% to settle at 54.47 and Wecast Network Inc (NASDAQ:SSC) which gained 47.35% to close at 3.610.

The worst performers were Global Brokerage Inc Class A (NASDAQ:GLBR) which was down 54.39% to 0.52 in late trade, PhaseRx Inc (NASDAQ:PZRX) which lost 44.90% to settle at 0.55 and Spark Therapeutics Inc (NASDAQ:ONCE) which was down 34.97% to 47.72 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1684 to 1423 and 129 ended unchanged; on the Nasdaq Stock Exchange, 1427 fell and 1136 advanced, while 123 ended unchanged.

Shares in argenx NV ADR (NASDAQ:ARGX) rose to all time highs; rising 78.88% or 24.02 to 54.47. Shares in PhaseRx Inc (NASDAQ:PZRX) fell to all time lows; down 44.90% or 0.45 to 0.55. Shares in Wecast Network Inc (NASDAQ:SSC) rose to 3-years highs; rising 47.35% or 1.160 to 3.610.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 2.82% to 9.31 a new 1-month low.

Gold Futures for February delivery was down 0.37% or 4.60 to $1243.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.10% or 0.63 to hit $57.99 a barrel, while the February Brent oil contract rose 2.00% or 1.27 to trade at $64.67 a barrel.

EUR/USD was down 0.03% to 1.1770, while USD/JPY rose 0.04% to 113.53.

The US Dollar Index Futures was up 0.10% at 93.93.

Canada stocks higher at close of trade; S&P/TSX Composite up 0.05%

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

At the close in Toronto, the S&P/TSX Composite gained 0.05%.

The best performers of the session on the S&P/TSX Composite were Eldorado Gold Corporation (TO:ELD), which rose 6.71% or 0.10 points to trade at 1.59 at the close. Meanwhile, ProMetic Life Sciences Inc. (TO:PLI) added 6.30% or 0.080 points to end at 1.350 and Fortuna Silver Mines Inc (TO:FVI) was up 6.19% or 0.34 points to 5.83 in late trade.

The worst performers of the session were Kirkland Lake Gold Ltd (TO:KL), which fell 4.80% or 0.860 points to trade at 17.060 at the close. New Gold Inc . (TO:NGD) declined 4.51% or 0.180 points to end at 3.810 and DHX Media Ltd B (TO:DHXb) was down 3.73% or 0.15 points to 3.87.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 602 to 550 and 138 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 1.26% to 11.22.

Gold Futures for February delivery was down 0.37% or 4.60 to $1243.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.10% or 0.63 to hit $57.99 a barrel, while the February Brent oil contract rose 2.00% or 1.27 to trade at $64.67 a barrel.

CAD/USD was down 0.13% to 0.7777, while CAD/EUR fell 0.03% to 0.6607.

The US Dollar Index Futures was up 0.09% at 93.92.

The Day Ahead: Top 3 Things to Watch

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

US macro data on tap

Tuesday marks the start of busy on the calendar for top-tier U.S. data with wholesale inflation and the Fed budget balance data in focus, while the Federal Open Market Committee two-day meeting gets underway.

Analysts expect inflation remained steady at the wholesale level, measured by the producer price index, rising 0.4% in November.

Following the release of the wholesale inflation data, the Federal Reserve budget balance, which measures the difference in value between the federal government's income and expenditure, is expected to come into focus as economists forecast the budget widened to $134.04 billion in November, compared to $63 billion in the previous month.

The dollar rose against its rivals on Monday amid expectations that the Federal Reserve will raise rates on Wednesday for the third time this year.

Pound to receive a boost?

GBP/USD could be the ‘one to watch’ in Tuesday’s session as investors await UK inflation data expected to show a rise in consumer prices continued at pace beyond the Bank of England’s target.

Economists are forecasting that the consumer price index (CPI) rose at an annual rate of 3.0% in November, after a similar rate of growth in the previous month.

Inflation has remained well above the Bank of England’s 2% target, which prompted the Bank of England to raise rates in early November for the first time in decade.

Sterling has advanced sharply against the dollar over recent weeks as the deadlock in brexit talks came to an end after Britain and the EU agreed to a deal on the so-called divorce bill, allowing the second phase of Brexit negotiations, on future trade relations, to proceed.

U.S. crude oil stockpiles on tap

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute due Tuesday.

The American Petroleum Institute reported crude oil stockpiles fell by about 5.5 million barrels last week.

Crude oil futures have made a strong start to the week on expectations of supply disruptions after a major pipeline was shut following a leak but the growing number of US oil rigs curb gains, stoking fears that rising US production could offset OPEC and non-OPEC output curbs.

Crude Oil Prices Settled Higher After Forties Pipeline Shutdown

Investing.com – Brent oil prices settled sharply higher on Monday amid supply disruptions after a major North Sea pipeline shut for repairs, while signs of rising US production capped gains in crude oil prices.

On the New York Mercantile Exchange crude futures for January delivery rose 1.1% to settle at $57.99 a barrel, while on London's Intercontinental Exchange, Brent gained 2.1% to trade at $64.72 a barrel.

The Brent-WTI spread rose to the widest since October, as Brent prices surge after the shutdown of the Forties pipeline, which carries 40% of North Sea oil and gas, sparked expectations of tightening supply.

The shutdown comes four days after the pipeline operating capacity was cut following reports of “small” leak last week.

In the U.S., meanwhile, gains in the WTI crude oil futures were somewhat capped amid signs of growing output from US producers.

The number of oil rigs operating in the US rose for the third consecutive week, said oil field services company Baker Hughes on Friday.

The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand. A higher rig count tends to signal a further rise in U.S. production.

Earlier in the session oil prices shrugged off somewhat bearish comments from UAE Energy Minister Suhail bin Mohammed al-Mazroui, who said OPEC and non-OPEC producers plan to announce in June an exit strategy from global supply cuts but stressed that the pact would not end by then.

“We will announce ... a strategy in the June meeting. That does not mean we will exit in June. That means we will come up with a strategy,” Mazroui told reporters in Abu Dhabi.

The rise in crude oil prices comes against a backdrop of growing bearish bets on oil as CFTC data on Friday showed WTI net shorts increased for an eighth-week straight week to a fresh record, rising 1% to 594,256 contracts.

Bitcoin Edges Higher, Bitcoin Cash Adds to Gains

Investing.com – Bitcoin rose on Monday, a day after it made its debut on the Chicago-based derivatives CBOE exchange amid signs of robust investor demand, while bitcoin cash added to recent gains.

On the U.S.-based Bitfinex exchange, bitcoin rose to $16,475, up $1495, or 9.98% after hitting an all-time high of $17,160 on Friday. The popular digital currency market cap rose to $279.89 billion.

Bitcoin futures remained well supported after its debut Sunday on the CBOE got underway to a bright start, as it surged to a high of $18,700 before pairing gains. The launch bitcoin futures on the CBOE comes a week ahead of CME Group’s launch of bitcoin futures slated for Dec. 18.

The launch of futures trading has drawn a mixed reaction from investors, as it provides market participants with the option to place bearish bets on bitcoin, which could pressure the price of digital currency. Other market participants believe, however, that the launch of futures paves the way for bitcoin to become an established asset class, which would spur institutional demand.

The positive sentiment on bitcoin poured into other areas of the crypto-market, as bitcoin cash rose 9.95% to $1,419.90, while bitcoin gold rose 11.16% to $244.65.

Ethereum, the second largest cryptocurrency by market cap, rose 9.18% to $470.55.

Netherlands stocks higher at close of trade; AEX up 0.22%

Investing.com – Netherlands stocks were higher after the close on Monday, as gains in the Telecoms, Oil&Gas and Basic Materials sectors led shares higher.

At the close in Amsterdam, the AEX rose 0.22% to hit a new 1-month high.

The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 11.10% or 0.81 points to trade at 8.14 at the close. Meanwhile, Gemalto (AS:GTO) added 4.39% or 1.43 points to end at 33.89 and Galapagos NV (AS:GLPG) was up 3.54% or 2.600 points to 76.040 in late trade.

The worst performers of the session were Heineken (AS:HEIN), which fell 0.58% or 0.50 points to trade at 85.08 at the close. Koninklijke DSM NV (AS:DSMN) declined 0.57% or 0.46 points to end at 79.54 and Aalberts Industries NV (AS:AALB) was down 0.57% or 0.25 points to 43.28.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 61 to 59 and 9 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was up 3.03% to 10.73.

Crude oil for January delivery was up 0.70% or 0.40 to $57.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.69% or 1.07 to hit $64.47 a barrel, while the February Gold Futures contract fell 0.10% or 1.30 to trade at $1247.10 a troy ounce.

EUR/USD was up 0.16% to 1.1793, while EUR/GBP rose 0.44% to 0.8831.

The US Dollar Index Futures was down 0.04% at 93.80.

Spain stocks lower at close of trade; IBEX 35 down 0.14%

Investing.com – Spain stocks were lower after the close on Monday, as losses in the Consumer Services, Telecoms&IT and Chemical, Petroleum&Plastic sectors led shares lower.

At the close in Madrid, the IBEX 35 lost 0.14%.

The best performers of the session on the IBEX 35 were Acerinox (MC:ACX), which rose 2.23% or 0.255 points to trade at 11.700 at the close. Meanwhile, Cellnex Telecom SA (MC:CLNX) added 1.83% or 0.39 points to end at 21.46 and Grifols SA (MC:GRLS) was up 1.45% or 0.350 points to 24.430 in late trade.

The worst performers of the session were Mediaset ESP (MC:TL5), which fell 1.58% or 0.156 points to trade at 9.734 at the close. Ferrovial (MC:FER) declined 1.50% or 0.280 points to end at 18.360 and Amadeus IT (MC:AMA) was down 1.30% or 0.790 points to 60.000.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 97 to 76 and 23 ended unchanged.

Gold Futures for February delivery was down 0.11% or 1.40 to $1247.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.73% or 0.42 to hit $57.78 a barrel, while the February Brent oil contract rose 1.75% or 1.11 to trade at $64.51 a barrel.

EUR/USD was up 0.15% to 1.1792, while EUR/GBP rose 0.43% to 0.8830.

The US Dollar Index Futures was down 0.04% at 93.80.

Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.25%

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

At the close in Copenhagen, the OMX Copenhagen 20 gained 0.25% to hit a new 1-month high.

The best performers of the session on the OMX Copenhagen 20 were Jyske Bank A/S (CO:JYSK), which rose 4.67% or 15.6 points to trade at 349.8 at the close. Meanwhile, Danske Bank A/S (CO:DANSKE) added 2.10% or 5.0 points to end at 242.6 and Pandora A/S (CO:PNDORA) was up 0.63% or 4.0 points to 640.5 in late trade.

The worst performers of the session were Oersted A/S (CO:ORSTED), which fell 0.97% or 3.40 points to trade at 347.50 at the close. Carlsberg A/S B (CO:CARLb) declined 0.96% or 7.0 points to end at 725.0 and Genmab (CO:GEN) was down 0.92% or 11.0 points to 1183.0.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 70 to 45 and 26 ended unchanged.

Crude oil for January delivery was up 0.77% or 0.44 to $57.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.77% or 1.12 to hit $64.52 a barrel, while the February Gold Futures contract fell 0.10% or 1.30 to trade at $1247.10 a troy ounce.

USD/DKK was down 0.16% to 6.3110, while EUR/DKK rose 0.01% to 7.4421.

The US Dollar Index Futures was down 0.04% at 93.80.

Germany stocks lower at close of trade; DAX down 0.23%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Utilities, Consumer&Cyclical and Telecoms sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.23%, while the MDAX index declined 0.24%, and the TecDAX index fell 0.25%.

The best performers of the session on the DAX were Siemens AG Class N (DE:SIEGn), which rose 1.56% or 1.80 points to trade at 117.00 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 1.10% or 0.98 points to end at 89.84 and Thyssenkrupp AG O.N. (DE:TKAG) was up 1.00% or 0.230 points to 23.130 in late trade.

The worst performers of the session were Adidas AG (DE:ADSGN), which fell 3.10% or 5.60 points to trade at 175.00 at the close. E.ON SE NA (DE:EONGn) declined 1.53% or 0.150 points to end at 9.640 and Deutsche Telekom AG Na (DE:DTEGn) was down 1.22% or 0.190 points to 15.330.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 24.36% to 0.59, Wacker Chemie O.N. (DE:WCHG) which was up 5.67% to settle at 150.95 and Aurubis AG (DE:NAFG) which gained 2.23% to close at 72.470.

The worst performers were Airbus Group SE (F:AIRG) which was down 2.50% to 85.807 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 1.75% to settle at 37.800 and Uniper SE (DE:UN01) which was down 1.62% to 24.655 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 12.20% to 14.530, Medigene NA O.N. (DE:MDG1k) which was up 10.41% to settle at 13.260 and RIB Software AG Na (DE:RIB) which gained 5.86% to close at 20.600.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 3.16% to 22.230 in late trade, SMA Solar Technology AG (DE:S92G) which lost 3.14% to settle at 33.915 and Siltronic AG (DE:WAFGn) which was down 2.87% to 116.850 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 410 to 349 and 34 ended unchanged.

Shares in Wacker Chemie O.N. (DE:WCHG) rose to 5-year highs; rising 5.67% or 8.10 to 150.95. Shares in Dialog Semiconductor (DE:DLGS) fell to 3-years lows; losing 3.16% or 0.725 to 22.230.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.94% to 13.87.

Gold Futures for February delivery was down 0.06% or 0.70 to $1247.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.03% or 0.59 to hit $57.95 a barrel, while the February Brent oil contract rose 2.08% or 1.32 to trade at $64.72 a barrel.

EUR/USD was up 0.20% to 1.1798, while EUR/GBP rose 0.50% to 0.8836.

The US Dollar Index Futures was down 0.07% at 93.77.

Nigeria stocks lower at close of trade; NSE 30 down 0.80%

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

At the close in Lagos, the NSE 30 lost 0.80%.

The best performers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 4.87% or 0.35 points to trade at 7.54 at the close. Meanwhile, Nestle Nig (LAGOS:NESTLE) added 3.54% or 49.92 points to end at 1440.05 and Dangsugar (LAGOS:DANGSUG) was up 3.30% or 0.66 points to 20.50 in late trade.

The worst performers of the session were Fidelitybk (LAGOS:FIDELIT), which fell 4.82% or 0.120 points to trade at 2.370 at the close. Uacn Prop (LAGOS:UACN) declined 4.63% or 0.81 points to end at 16.70 and Pz Cussons LG (LAGOS:PZ) was down 3.87% or 0.89 points to 22.11.

Falling stocks outnumbered advancing ones on the Lagos by 43 to 23 and 22 ended unchanged.

Shares in Union Bank LG (LAGOS:UBN) rose to 52-week highs; gaining 4.87% or 0.35 to 7.54. Shares in Dangsugar (LAGOS:DANGSUG) rose to all time highs; rising 3.30% or 0.66 to 20.50.

Crude oil for January delivery was up 1.03% or 0.59 to $57.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.05% or 1.30 to hit $64.70 a barrel, while the February Gold Futures contract fell 0.05% or 0.60 to trade at $1247.80 a troy ounce.

EUR/NGN was up 0.45% to 424.490, while USD/NGN fell 0.14% to 360.000.

The US Dollar Index Futures was down 0.07% at 93.77.

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.54%

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

At the close in Stockholm, the OMX Stockholm 30 gained 0.54%.

The best performers of the session on the OMX Stockholm 30 were Kinnevik, Investment AB ser. B (ST:KINVb), which rose 2.81% or 7.6 points to trade at 278.2 at the close. Meanwhile, Fingerprint Cards AB ser. B (ST:FINGb) added 2.79% or 0.46 points to end at 16.97 and SSAB AB ser. A (ST:SSABa) was up 2.58% or 1.05 points to 41.73 in late trade.

The worst performers of the session were Swedish Match AB (ST:SWMA), which fell 0.96% or 3.2 points to trade at 330.5 at the close. Telefonaktiebolaget LM Ericsson Class B (ST:ERICb) declined 0.60% or 0.32 points to end at 52.58 and Tele2 AB (ST:TEL2b) was down 0.57% or 0.60 points to 105.40.

Falling stocks outnumbered advancing ones on the Stockholm Stock Exchange by 321 to 298 and 57 ended unchanged.

Shares in Kinnevik, Investment AB ser. B (ST:KINVb) rose to 3-years highs; gaining 2.81% or 7.6 to 278.2.

Crude oil for January delivery was up 1.01% or 0.58 to $57.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.00% or 1.27 to hit $64.67 a barrel, while the February Gold Futures contract fell 0.01% or 0.10 to trade at $1248.30 a troy ounce.

EUR/SEK was up 0.86% to 10.0274, while USD/SEK rose 0.60% to 8.4992.

The US Dollar Index Futures was down 0.07% at 93.77.

Norway stocks higher at close of trade; Oslo OBX up 0.76%

Investing.com – Norway stocks were higher after the close on Monday, as gains in the Technology Hardware&Equipment, Materials and Energy sectors led shares higher.

At the close in Oslo, the Oslo OBX rose 0.76%.

The best performers of the session on the Oslo OBX were DNO International ASA (OL:DNO), which rose 11.33% or 0.99 points to trade at 9.73 at the close. Meanwhile, BW LPG Ltd (OL:BWLPG) added 7.26% or 2.43 points to end at 35.90 and Petroleum Geo - Services ASA (OL:PGS) was up 5.33% or 0.77 points to 15.23 in late trade.

The worst performers of the session were Nordic Nanovector ASA (OL:NANOV), which fell 5.15% or 4.40 points to trade at 81.05 at the close. Norwegian Air Shuttle ASA (OL:NWC) declined 3.72% or 6.8 points to end at 176.2 and Telenor ASA (OL:TEL) was down 1.65% or 3.0 points to 178.7.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 104 to 64 and 34 ended unchanged.

Crude oil for January delivery was up 1.01% or 0.58 to $57.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.00% or 1.27 to hit $64.67 a barrel, while the February Gold Futures contract fell 0.01% or 0.10 to trade at $1248.30 a troy ounce.

EUR/NOK was up 1.07% to 9.8707, while USD/NOK rose 0.86% to 8.3666.

The US Dollar Index Futures was down 0.07% at 93.77.

Morocco stocks lower at close of trade; Moroccan All Shares down 0.44%

Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Chemicals, Mining and Construction&Building Materials sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.44%.

The best performers of the session on the Moroccan All Shares were Risma (CS:RIS), which rose 3.94% or 5.60 points to trade at 147.70 at the close. Meanwhile, Alliances (CS:ADI) added 1.69% or 4 points to end at 244 and Atlanta (CS:ATL) was up 1.43% or 0.90 points to 63.90 in late trade.

The worst performers of the session were Zellidja S.A (CS:ZELI), which fell 5.97% or 8.55 points to trade at 134.65 at the close. Afric Industries Sa (CS:AFIND) declined 3.77% or 10.90 points to end at 278.00 and Ennakl Automobiles SA (CS:NKL) was down 2.78% or 1.40 points to 48.90.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 25 to 11 and 7 ended unchanged.

Shares in Afric Industries Sa (CS:AFIND) fell to 3-years lows; down 3.77% or 10.90 to 278.00. Shares in Ennakl Automobiles SA (CS:NKL) fell to 52-week lows; falling 2.78% or 1.40 to 48.90.

Crude oil for January delivery was up 1.01% or 0.58 to $57.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.00% or 1.27 to hit $64.67 a barrel, while the February Gold Futures contract fell 0.01% or 0.10 to trade at $1248.30 a troy ounce.

EUR/MAD was up 0.03% to 11.1510, while USD/MAD fell 0.31% to 9.4471.

The US Dollar Index Futures was down 0.07% at 93.77.

Italy stocks lower at close of trade; Investing.com Italy 40 down 0.67%

Investing.com – Italy stocks were lower after the close on Monday, as losses in the Travel&Leisure, Chemicals and Utilities sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 fell 0.67%.

The best performers of the session on the Investing.com Italy 40 were Tenaris (MI:TENR), which rose 2.76% or 0.35 points to trade at 13.02 at the close. Meanwhile, Saipem SpA (MI:SPMI) added 2.51% or 0.0840 points to end at 3.4300 and Fiat Chrysler Automobiles NV (MI:FCHA) was up 2.01% or 0.300 points to 15.190 in late trade.

The worst performers of the session were FinecoBank Banca Fineco SpA (MI:FBK), which fell 2.07% or 0.18 points to trade at 8.52 at the close. UniCredit SpA (MI:CRDI) declined 2.06% or 0.3700 points to end at 17.5900 and Banco Bpm (MI:BAMI) was down 1.68% or 0.048 points to 2.806.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 195 to 165 and 22 ended unchanged.

Crude oil for January delivery was up 1.03% or 0.59 to $57.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.99% or 1.26 to hit $64.66 a barrel, while the February Gold Futures contract unchanged 0.00% or 0.00 to trade at $1248.40 a troy ounce.

EUR/USD was up 0.23% to 1.1801, while EUR/GBP rose 0.46% to 0.8832.

The US Dollar Index Futures was down 0.12% at 93.73.

Greece stocks lower at close of trade; Athens General Composite down 0.28%

Investing.com – Greece stocks were lower after the close on Monday, as losses in the Healthcare, Travel and Chemicals sectors led shares lower.

At the close in Athens, the Athens General Composite fell 0.28%.

The best performers of the session on the Athens General Composite were Selonda Aquaculture SA (AT:SELr), which rose 3.25% or 0.0050 points to trade at 0.1590 at the close. Meanwhile, Quest Holdings (AT:IQTr) added 2.89% or 0.250 points to end at 8.900 and Thrace Plastic (AT:THRr) was up 2.80% or 0.070 points to 2.570 in late trade.

The worst performers of the session were Select Textile (AT:EPIr), which fell 9.68% or 0.015 points to trade at 0.140 at the close. Centric Hold (AT:DESr) declined 9.35% or 0.013 points to end at 0.126 and Iaso (AT:IASr) was down 4.62% or 0.046 points to 0.950.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 53 to 52 and 8 ended unchanged.

Gold Futures for February delivery was up 0.09% or 1.10 to $1249.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.63% or 0.36 to hit $57.72 a barrel, while the February Brent oil contract rose 1.74% or 1.10 to trade at $64.50 a barrel.

EUR/USD was up 0.25% to 1.1803, while EUR/GBP rose 0.49% to 0.8835.

The US Dollar Index Futures was down 0.13% at 93.72.

Turkey stocks higher at close of trade; BIST 100 up 1.14%

Investing.com – Turkey stocks were higher after the close on Monday, as gains in the Basic Metals, Tourism and Wood, Paper&Printing sectors led shares higher.

At the close in Istanbul, the BIST 100 rose 1.14%.

The best performers of the session on the BIST 100 were Turkiye Halk Bankasi (IS:HALKB), which rose 7.96% or 0.79 points to trade at 10.71 at the close. Meanwhile, Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D (IS:KRDMD) added 7.56% or 0.180 points to end at 2.560 and Akenerji Elektrik Uretim AS (IS:AKENR) was up 7.32% or 0.060 points to 0.880 in late trade.

The worst performers of the session were Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (IS:BJKAS), which fell 2.62% or 0.110 points to trade at 4.090 at the close. TAV Havalimanlari Holding (IS:TAVHL) declined 2.56% or 0.54 points to end at 20.56 and Erbosan Erciyas Boru Sanayi Ve Ticaret AS (IS:ERBOS) was down 1.93% or 1.55 points to 78.70.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 255 to 96 and 51 ended unchanged.

Gold Futures for February delivery was up 0.09% or 1.10 to $1249.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.52% or 0.30 to hit $57.66 a barrel, while the February Brent oil contract rose 1.53% or 0.97 to trade at $64.37 a barrel.

USD/TRY was down 0.35% to 3.8221, while EUR/TRY fell 0.14% to 4.5118.

The US Dollar Index Futures was down 0.12% at 93.73.

Israel stocks higher at close of trade; TA 35 up 0.42%

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

At the close in Tel Aviv, the TA 35 gained 0.42%.

The best performers of the session on the TA 35 were Harel (TA:HARL), which rose 3.49% or 85 points to trade at 2519 at the close. Meanwhile, Elbit Systems Ltd (TA:ESLT) added 3.21% or 1480 points to end at 47600 and Teva Pharmaceutical Industries Ltd (TA:TEVA) was up 2.86% or 160 points to 5760 in late trade.

The worst performers of the session were Bezeq Israeli Telecommunication Corp Ltd (TA:BEZQ), which fell 2.30% or 12.2 points to trade at 517.4 at the close. Amot Investments Ltd (TA:AMOT) declined 2.25% or 46 points to end at 2000 and Leumi (TA:LUMI) was down 1.06% or 21 points to 1960.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 198 to 189 and 27 ended unchanged.

Crude oil for January delivery was up 0.59% or 0.34 to $57.70 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.66% or 1.05 to hit $64.45 a barrel, while the February Gold Futures contract rose 0.09% or 1.10 to trade at $1249.50 a troy ounce.

USD/ILS was up 0.03% to 3.5257, while EUR/ILS rose 0.27% to 4.1611.

The US Dollar Index Futures was down 0.12% at 93.73.

Natural Gas Futures Rally Off 9-Month Lows to Start the Week

Investing.com - Natural gas futures edged higher to start the week on Monday, but prices held close to their lowest level in nine months as market players continued to monitor winter weather forecasts to gauge demand for the fuel.

U.S. natural gas futures climbed 5.7 cents, or around 2.1%, to $2.829 per million British thermal units (btu) by 9:00AM ET (1400GMT). It touched its worst level since March 2 at $2.747 last Thursday.

The commodity sank around 9.4% last week, marking the largest weekly percentage drop since the period ended Feb. 3., amid forecasts for less heating demand through late December.

Natural gas futures have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.

Prices of the fuel typically rise ahead of the winter as colder weather sparks heating demand. The heating season from November through March is the peak demand period for U.S. gas consumption.

Meanwhile, market participants looked ahead to this week's storage data due on Thursday, which is expected to show a draw in a range between 57 and 69 billion cubic feet (bcf) in the week ended Dec. 8.

That compares with a gain of 2 bcf in the preceding week, a fall of 147 bcf a year earlier and a five-year average decline of 78 bcf.

Total natural gas in storage currently stands at 3.695 trillion cubic feet (tcf), according to the U.S. Energy Information Administration. That figure is 264 bcf, or around 6.6%, lower than levels at this time a year ago and 36 bcf, or roughly 1%, below the five-year average for this time of year.

Analysts estimated the amount of gas in storage would end the April-October injection season at 3.8 tcf due primarily to higher liquefied natural gas shipments abroad. That would fall short of the year-earlier record of 4.0 tcf and the five-year average of 3.9 tcf.

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.62%

Investing.com – Saudi Arabia stocks were lower after the close on Monday, as losses in the Real Estate Development, Multi Investment and Retail sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.62%.

The best performers of the session on the Tadawul All Share were AL JOUF CEMENT COMPANY (SE:3091), which rose 5.90% or 0.51 points to trade at 9.16 at the close. Meanwhile, Anaam International Holding Group (SE:4061) added 5.39% or 0.77 points to end at 15.06 and Solidarity Saudi Takaful Co (SE:8290) was up 5.39% or 1.12 points to 21.90 in late trade.

The worst performers of the session were Dar Alarkan Real Estate Development (SE:4300), which fell 9.94% or 1.39 points to trade at 12.60 at the close. Methanol Chemicals Company (SE:2001) declined 8.19% or 0.77 points to end at 8.63 and Saudi Kayan Petrochemical Company (SE:2350) was down 6.47% or 0.69 points to 9.97.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 118 to 62 and 3 ended unchanged.

Shares in AL JOUF CEMENT COMPANY (SE:3091) rose to 52-week highs; rising 5.90% or 0.51 to 9.16.

Crude oil for January delivery was up 0.35% or 0.20 to $57.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.43% or 0.27 to hit $63.67 a barrel, while the February Gold Futures contract rose 0.26% or 3.30 to trade at $1251.70 a troy ounce.

EUR/SAR was up 0.08% to 4.4154, while USD/SAR fell 0.20% to 3.7420.

The US Dollar Index Futures was down 0.09% at 93.76.

Stocks- Wall Street Set for Higher Opening as Bitcoin Futures Surge

Investing.com – U.S. futures pointed to higher opening on Monday as investors look to bitcoin futures.

The S&P 500 futures was up two points or 0.08% as of 6:48 AM ET (11:48 GMT) while Dow futures increased 48 points or 0.20% Meanwhile tech heavy Nasdaq 100 futures rose seven points or 0.12%.

Bitcoin will be on investors minds today, after the cryptocurrency started trading on the CBOE Futures Exchange on Sunday. The new Bitcoin Futures surged over 20% within hours of launching, causing a temporary outage to the trading website. The futures price has already surged over $17,000.

Chinese e-commerce firm Alibaba (NYSE:BABA) was among the biggest gainers in pre-market trading, rising 0.67% while banking firm Santander (MC:SAN) was up 0.15% and mining company Rio Tinto (LON:RIO) surged 1.76%. Steel firm Arcelormittal (AS:MT) increased 1.18%.

Elsewhere, telecommunications firm Nokia (HE:NOKIA) was flat after it announced its chief operating officer would step down. Pharmaceutical stocks were mostly down, with firm Teva Pharma Industries Ltd ADR (NYSE:TEVA) dipping down 0.37% while VistaGen Therapeutics Inc (NASDAQ:VTGN) slipped 22.22% and Zealand Pharma A/S ADR (NASDAQ:ZEAL) was down 1.21%.

On the data front, the Job Openings and Labor Turnover Survey (JOLTS) data comes out at 10:00 AM ET (15:00 GMT). Meanwhile investors are looking ahead to the Federal Open Market Committee meeting, which starts on Tuesday. An interest rate hike is highly anticipated.

Stocks in Europe were mostly down. Germany’s DAX fell five points or 0.04% while in France the CAC 40 decreased six points or 0.11% and in London, the FTSE 100 was up 41 points or 0.57%. Meanwhile the pan-European Euro Stoxx 50 fell nine points or 0.26% while Spain’s IBEX 35 slumped 27 points or 0.26%.

In commodities, gold futures rose 0.30% to $1,252.20 a troy ounce while crude oil futures was down 0.35% to $57.16 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched down 0.07% to 93.77.

United Arab Emirates stocks higher at close of trade; DFM General up 0.55%

Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Finance&Investment, Services and Consumer Staples sectors led shares higher.

At the close in Dubai, the DFM General rose 0.55%, while the ADX General index added 1.43%.

The best performers of the session on the DFM General were Dubai Investments PJSC (DU:DINV), which rose 5.22% or 0.120 points to trade at 2.420 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 4.55% or 3.00 points to end at 69.00 and Amanat Holdings PJSC (DU:AMANT) was up 3.17% or 0.040 points to 1.300 in late trade.

The worst performers of the session were Emirates NBD PJSC (DU:ENBD), which fell 2.44% or 0.200 points to trade at 8.000 at the close. Gulf Navigation Holding PJSC (DU:GNAV) declined 2.24% or 0.030 points to end at 1.310 and Islamic Arab Insurance Company (DU:SALAMA) was down 2.15% or 0.011 points to 0.501.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 11.16% to 2.390, Emirates Ins C (AD:EIC) which was up 8.33% to settle at 6.50 and Emirates Telec (AD:ETEL) which gained 3.01% to close at 17.10.

The worst performers were Al Khaleej Investment Co PJSC (AD:KICO) which was down 7.14% to 2.60 in late trade, Ad Natl Ins Co (AD:ADNI) which lost 5.00% to settle at 3.800 and Methaq (AD:METH) which was down 1.33% to 0.740 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 16 and 7 ended unchanged; on the Abu Dhabi, 10 rose and 5 declined, while 12 ended unchanged.

Shares in Emirates Ins C (AD:EIC) rose to 52-week highs; gaining 8.33% or 0.50 to 6.50.

Crude oil for January delivery was down 0.42% or 0.24 to $57.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.14% or 0.09 to hit $63.31 a barrel, while the February Gold Futures contract rose 0.31% or 3.90 to trade at $1252.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED unchanged 0.00% to 4.3212.

The US Dollar Index Futures was down 0.06% at 93.78.

India stocks higher at close of trade; Nifty 50 up 0.55%

Investing.com – India stocks were higher after the close on Monday, as gains in the IT, Green Energy and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.55%, while the BSE Sensex 30 index climbed 0.62%.

The best performers of the session on the Nifty 50 were Aurobindo Pharma Ltd. (NS:ARBN), which rose 2.74% or 18.40 points to trade at 690.85 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 2.47% or 17.95 points to end at 745.55 and Wipro Ltd (NS:WIPR) was up 2.01% or 5.70 points to 289.40 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 1.50% or 5.60 points to trade at 368.05 at the close. NTPC Ltd (NS:NTPC) declined 1.50% or 2.70 points to end at 178.35 and Asian Paints Ltd. (NS:ASPN) was down 0.70% or 8.00 points to 1125.85.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 2.35% to 2662.00, Mahindra&Mahindra Ltd. (BO:MAHM) which was up 2.16% to settle at 1419.00 and Lupin Ltd (BO:LUPN) which gained 2.15% to close at 837.70.

The worst performers were NTPC Ltd (BO:NTPC) which was down 1.36% to 177.50 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 0.78% to settle at 178.90 and Reliance Industries Ltd (BO:RELI) which was down 0.55% to 915.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 813 to 776 and 27 ended unchanged; on the Bombay Stock Exchange, 1408 rose and 1252 declined, while 147 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.47% to 14.1475.

Gold Futures for February delivery was up 0.36% or 4.50 to $1252.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.23% or 0.13 to hit $57.23 a barrel, while the February Brent oil contract rose 0.13% or 0.08 to trade at $63.48 a barrel.

USD/INR was down 0.19% to 64.365, while EUR/INR rose 0.06% to 75.9022.

The US Dollar Index Futures was down 0.10% at 93.75.

Economic Calendar: Top Things to Watch This Week

Investing.com - The Federal Reserve is widely expected to lift its interest rate by 0.25 percentage points to 1.375% on Wednesday.
The ECB is expected to hold monetary policy steady on Thursday, with investors focusing instead on its new macro forecasts.
Investors will also get an update from the Bank of England and the Swiss National Bank following their meetings on Thursday.
European leaders are to hold a summit meeting in Brussels on Friday to discuss progress on Brexit.
U.S. data on inflation and retail sales, on Wednesday and Thursday respectively, will be closely watched.

Dollar Steady, Bitcoin Surges as Futures Trading Starts

Investing.com - The dollar was steady against a basket of the other major currencies on Monday but remained supported by expectations of higher interest rates, while bitcoin prices surged as futures trading in the digital currency got underway.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 93.83 by 03:30 AM ET (08:30 AM GMT), flat for the day.

Demand for the dollar continued to be underpinned after Friday’s stronger-than-expected U.S. jobs report underlined expectations for a rate hike by the Federal Reserve at its upcoming meeting.

The U.S. economy added a larger-than-forecast 228,000 jobs in November the Labor Department reported, but the report also showed that wage growth remained tepid.

The Fed is widely expected to raise interest rates at its two-day policy meeting that will end on Wednesday but the disappointing wage data could weigh on the pace of interest rate hikes next year.

The Bank of England and the European Central Bank will also meet this week and are expected to hold rates steady.

The dollar was a touch lower against the yen, with USD/JPY dipping 0.08% to 113.38.

The euro pushed higher against the dollar, with EUR/USD rising 0.16% to 1.1794, pulling back from Friday’s three week low of 1.1729.

Sterling was lower, with GBP/USD down 0.21% to 1.3365, well off the high of 1.3519 hit on Friday after a breakthrough in Brexit negotiations.

Meanwhile, the price of the digital currency bitcoin jumped 10% following the launch of trading of the first U.S. bitcoin futures on Sunday.

On the U.S.-based Bitfinex exchange, Bitcoin was last at $16,520.00.

Trading of futures tracking the cryptocurrency began at 18:00 ET on Sunday on an exchange run by Cboe Global Markets, less than 10 days after receiving a green light from the Commodity Futures Trading Commission.

Larger exchange CME Group (NASDAQ:CME) will begin initial listings of bitcoin futures contracts on December 18.

Bitcoin’s rally came amid fresh warnings that the cryptocurrency is a speculative bubble.

Philippines stocks higher at close of trade; PSEi Composite up 0.65%

Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Mining&Oil, Banking&Financials and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.65%.

The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 3.38% or 5.00 points to trade at 153.00 at the close. Meanwhile, DMCI Holdings Inc (PS:DMC) added 2.65% or 0.380 points to end at 14.700 and Metro Pacific Investments Corp (PS:MPI) was up 2.34% or 0.150 points to 6.550 in late trade.

The worst performers of the session were PLDT Inc (PS:TEL), which fell 4.95% or 75.00 points to trade at 1440.00 at the close. Globe Telecom Inc (PS:GLO) declined 3.98% or 70.00 points to end at 1690.00 and Robinsons Land Corp (PS:RLC) was down 1.58% or 0.350 points to 21.850.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 113 to 82 and 42 ended unchanged.

Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; up 3.38% or 5.00 to 153.00.

Gold Futures for February delivery was up 0.26% or 3.30 to $1251.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.49% or 0.28 to hit $57.08 a barrel, while the February Brent oil contract fell 0.47% or 0.30 to trade at $63.10 a barrel.

CNY/PHP was down 0.26% to 7.6125, while USD/PHP fell 0.32% to 50.330.

The US Dollar Index Futures was down 0.01% at 93.83.

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.