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  • China stocks higher at close of trade; Shanghai Composite up 1.42%

    Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services&Distribution, Life Insurance and Banking sectors led shares higher.

    At the close in Shanghai, the Shanghai Composite added 1.42% to hit a new 1-month high, while the SZSE Component index gained 1.49%.

    The best performers of the session on the Shanghai Composite were Shanghai Hongda Mining Co Ltd (SS:600532), which rose 10.10% or 0.410 points to trade at 4.470 at the close. Meanwhile, Hongda (SS:600331) added 10.04% or 0.240 points to end at 2.630 and Jiangsu Changjiang Electronics Technology Co Ltd (SS:600584) was up 10.02% or 0.830 points to 9.110 in late trade.

    The worst performers of the session were Pengqi Technology Development Co Ltd A (SS:600614), which fell 10.03% or 0.680 points to trade at 6.100 at the close. Pengqi Technology Development Co Ltd B (SS:900907) declined 8.87% or 0.043 points to end at 0.442 and Shanghai No1 Pharmacy Co Ltd (SS:600833) was down 7.54% or 0.870 points to 10.670.

    The top performers on the SZSE Component were Jiaozuo Wanfang Aluminum (SZ:000612) which rose 10.10% to 4.47, Jiangsu Nhwa Pharmaceutical Co Ltd (SZ:002262) which was up 10.03% to settle at 9.65 and Muyuan Foodstuff Co Ltd (SZ:002714) which gained 10.00% to close at 32.79.

    The worst performers were Hunan TV&Broadcast Intermediary Co Ltd (SZ:000917) which was down 7.62% to 6.91 in late trade, Yinji Entertainment Media Co Ltd (SZ:002143) which lost 6.67% to settle at 3.36 and Goldleaf Jewelry Co Ltd (SZ:000587) which was down 6.17% to 3.04 at the close.

    Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1086 to 337 and 58 ended unchanged.

    The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.74.

    Gold Futures for February delivery was down 0.14% or 1.75 to $1290.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.06% or 0.55 to hit $52.62 a barrel, while the March Brent oil contract rose 0.95% or 0.58 to trade at $61.76 a barrel.

    USD/CNY was down 0.05% to 6.7700, while EUR/CNY fell 0.01% to 7.7165.

    The US Dollar Index Futures was unchanged 0.00% at 95.713.

    Read more
  • Taiwan stocks higher at close of trade; Taiwan Weighted up 0.48%

    Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Optoelectronic, Cement and Oil, Gas&Electricity sectors led shares higher.

    At the close in Taiwan, the Taiwan Weighted added 0.48% to hit a new 1-month high.

    The best performers of the session on the Taiwan Weighted were Good Will Instrument Co Ltd (TW:2423), which rose 9.90% or 2.50 points to trade at 27.75 at the close. Meanwhile, Genesis Photonics Inc (TW:3383) added 9.88% or 0.16 points to end at 1.78 and Green Energy Technology Inc (TW:3519) was up 9.88% or 0.34 points to 3.78 in late trade.

    The worst performers of the session were Sumagh High Tech Corp (TW:1475), which fell 10.00% or 1.11 points to trade at 9.99 at the close. Daxin Materials Corp (TW:5234) declined 5.08% or 5.00 points to end at 93.50 and Bonny Worldwide Ltd (TW:8467) was down 4.47% or 1.50 points to 32.05.

    Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 588 to 209 and 120 ended unchanged.

    Shares in Good Will Instrument Co Ltd (TW:2423) rose to all time highs; rising 9.90% or 2.50 to 27.75.

    Crude oil for February delivery was up 1.27% or 0.66 to $52.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.19% or 0.73 to hit $61.91 a barrel, while the February Gold Futures contract fell 0.08% or 1.05 to trade at $1291.25 a troy ounce.

    USD/TWD was up 0.06% to 30.841, while TWD/CNY rose 0.09% to 0.2197.

    The US Dollar Index Futures was up 0.02% at 95.732.

    Read more
  • Australia stocks higher at close of trade; S&P/ASX 200 up 0.50%

    Investing.com – Australia stocks were higher after the close on Friday, as gains in the IT, Consumer Staples and Metals&Mining sectors led shares higher.

    At the close in Sydney, the S&P/ASX 200 added 0.50% to hit a new 1-month high.

    The best performers of the session on the S&P/ASX 200 were Afterpay Touch Group Ltd (AX:APT), which rose 12.98% or 1.850 points to trade at 16.100 at the close. Meanwhile, Sandfire Resources NL (AX:SFR) added 6.46% or 0.430 points to end at 7.090 and Credit Corp Group Ltd (AX:CCP) was up 5.27% or 1.060 points to 21.160 in late trade.

    The worst performers of the session were Steadfast Group Ltd (AX:SDF), which fell 5.28% or 0.150 points to trade at 2.690 at the close. Estia Health Ltd (AX:EHE) declined 4.91% or 0.110 points to end at 2.130 and Sydney Airport Holdings Ltd (AX:SYD) was down 2.88% or 0.190 points to 6.410.

    Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 647 to 412 and 361 ended unchanged.

    The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.48% to 12.259 a new 3-months low.

    Gold Futures for February delivery was down 0.13% or 1.65 to $1290.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.25% or 0.65 to hit $52.72 a barrel, while the March Brent oil contract rose 1.14% or 0.70 to trade at $61.88 a barrel.

    AUD/USD was up 0.00% to 0.7191, while AUD/JPY rose 0.13% to 78.66.

    The US Dollar Index Futures was up 0.03% at 95.745.

    Read more
  • Dollar Little Changed; China-U.S. Trade Talks in Focus

    Investing.com - The U.S. dollar was little changed on Friday in Asia after trading slightly higher earlier in the day amid optimism of progress in Sino-U.S. trade talks.

    The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 95.732 by 12:01 AM ET (05:01 GMT), up 0.02%.

    Citing people with knowledge to the matter, the Wall Street Journal said U.S. Treasury Secretary Steven Mnuchin is a proponent of easing tariffs on Chinese products.

    The report sent U.S. stocks higher overnight, even after the Treasury Department quickly denied the news.

    Chinese Vice Premier Liu He will visit the U.S. later this month for another round of trade talks.

    Separately, jobless claims data showed on Thursday that the U.S. government shutdown has yet to have an impact on jobs.

    The number of people who filed for unemployment assistance in the U.S. hit its lowest level in five weeks, despite 27 days of a government shutdown which has furloughed 800,000 federal workers.

    Meanwhile, the Chinese yuan was near flat against the U.S. dollar, as the USD/CNY pair traded at 6.7768, up 0.06%.

    China’s statistics bureau on Friday revised down its final 2017 gross domestic product (GDP) growth to 6.8% from the previous 6.9%.

    The revision came ahead of Monday’s release of preliminary GDP growth figures for the latest quarter and full-year 2018.

    Sources have told Reuters earlier that Beijing is considering setting a lower economic growth target of 6-6.5% in 2019.

    The People's Bank of China (PBOC) set the yuan reference rate at 6.7665 on Friday vs the previous day's fix of 6.7592.

    Elsewhere, the USD/JPY pair was up 0.16% to 109.39.

    The AUD/USD pair was unchanged at 0.7190.

    Read more
  • Crypto Prices Rise as Thailand Stock Exchange Eyes Nationwide Digital Asset

    Investing.com - Bitcoin and other major digital coin prices made small gains on Friday in Asia following news that Thailand ’s stock exchange is keen on developing a nationwide digital asset that would include a cryptocurrency exchange.

    Bitcoin added 0.96% to $3,611.3 by 12:35 AM ET (05:35 GMT).

    Ethereum rose 1.05% to $121.4, XRP was up 0.46% to $0.32554, and Litecoin traded 1.45% higher to $31.22.

    Various media reported that the Stock Exchange of Thailand (SET) plans to apply for a digital license, with which it can operate a crypto exchange to enable digital asset trading.

    “Securities firms are currently waiting for the SET to apply for a license. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class,” said Pattera Dilokrungthirapop, the chairwoman of the Association of Securities Companies and vice-chairwoman of the SET’s board of governors.

    According to the Bangkok Post, this would make Thailand’s bourse one of the first in the world to setup a separate crypto exchange.

    The news came after the Thai financial regulators granted working licenses to three crypto trading companies last week.

    The Southeast Asian country has been known as one of the friendliest markets in Asia for crypto businesses. Not only has the country approved crypto and ICO regulations, but it also has legalized seven cryptocurrencies, including Bitcoin and Ethereum.

    In other news, U.S. researchers received some attention on Friday as they are said to be developing a new cryptocurrency superior to Bitcoin. Researchers from seven colleges such as Stanford and MIT are working on the new digital token known as Unit-e, which could rival Visa (NYSE:V) and Mastercard (NYSE:MA) in terms of transactions processed per second.

    Read more
  • Day Ahead: Top 3 Things to Watch

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

    1. Netflix Slumps After Hours

    Netflix (NASDAQ:NFLX) could weigh on tech stocks tomorrow after reporting mixed earnings after the bell today.

    The consensus on Wall Street seemed to be that the numbers weren’t so hot as the stock fell more than 3% after hours.

    But guidance was also mixed, so look for lots of commentary on whether to look on Netflix as half full or half empty.

    A lot will depend on whether you like your metrics new-fangled or old-fashioned.

    If you like the new stuff, first-quarter subscriber addition guidance topped forecasts. But earnings guidance looked well below expectations.

    2. Schlumberger Earnings on Tap

    Earnings are few on the ground tomorrow, typical of a Friday.

    But there will be results that are a good proxy for the oil market coming from Schlumberger (NYSE:SLB) ahead of trading.

    On average, analysts expect that the world’s largest oilfield services and equipment company earned 37 cents per share on revenue of about $8 billion.

    Investors will also be looking for any insight into drilling activity in the wake of the sharp drop in oil prices at the end of last year.

    Oil buffs will also be checking in on the Baker Hughes oil rig count, which stood at 873 last week. It arrives at 1 PM ET (18:00 GMT).

    3. Michigan Sentiment Index Expected to Drop

    Among economic indicators, the latest reading on consumer confidence will lead the way tomorrow morning.

    The University of Michigan will release its preliminary January consumer sentiment index at 10:00 AM ET (15:00 GMT).

    On average, economists expect that the index fell slightly to 97. Measures of expectations and current conditions are also forecast to have dropped slightly.

    Read more
  • Stocks - Dow Closes Higher Despite U.S.-China Trade Uncertainty

    Investing.com – The Dow closed higher Thursday but gave up a large portion of its gains after the Trump Administration downplayed a report the U.S. was considering easing tariffs on China to hasten a trade deal.

    The Dow Jones Industrial Average closed 0.67% at 24,370.10, below its intraday high of 24,474.46. The S&P 500 gained 0.76% and the Nasdaq Composite climbed 0.71%.

    Wall Street pared some gains as investor hopes that a U.S.-China trade deal could be in the offing were dealt a blow by a Treasury spokesman. The spokesman downplayed a report from the Wall Street Journal suggesting that U.S. officials were warming up to the idea of scaling back tariffs on Chinese imports to persuade Beijing to consider deeper concessions on trade.

    “Neither Secretary Mnuchin nor Ambassador Lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with China,” the spokesman told CNBC.

    The U.S. has slapped tariffs on $250 billion worth of Chinese goods, about half the value of U.S. imports from the country, and many hope a deal can be agreed upon, or at the very least stave off the threat of further escalation.

    The 90-day trade-war truce is due to end March 1. Without a deal, President Donald Trump has threatened to impose another round of tariffs and raise duties on imports from China to 25% from 10%.

    Caterpillar (NYSE:CAT) and Boeing (NYSE:BA), both barometers of global trade given their large international exposures, closed more than 2% higher, underpinning industrials and the broader market.

    Industrials were also led higher by defense stocks after President Trump outlined a revamped U.S. missile defense strategy. Northrop Grumman (NYSE:NOC) and Lockheed Martin (NYSE:LMT) ended the day higher. Fastenal (NASDAQ:FAST), the big distributor of industrial and construction supplies, also played a role in the broader move higher after it reported earnings and revenue that topped consensus estimates. Shares rose nearly 6%.

    Energy names, meanwhile, shrugged off a slip in oil prices on the back off concerns over weak demand and rising U.S. output.

    Financials continued to tack on gains even as shares of Morgan Stanley (NYSE:MS) fell after its earnings and revenue for the fourth quarter missed estimates. Citigroup (NYSE:C), JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs (NYSE:GS) ended the day higher.

    In other corporate earnings, Netflix (NASDAQ:NFLX) stock fell more than 2% in afterhours trade on a mixed fourth quarter report that beat analysts' expectations but revenue fell short. The streaming giant posted subscriber additions ahead of company guidance.

    Top S&P 500 Gainers and Losers Today:

    Fastenal (NASDAQ:FAST), M&T Bank (NYSE:MTB), PPG Industries (NYSE:PPG) were among the top S&P 500 gainers for the session.

    Pacific Gas & Electric Co (NYSE:PCG), Morgan Stanley (NYSE:MS), CenturyLink (NYSE:CTL) were among the worst S&P 500 performers of the session.

    Read more
  • Mexico stocks higher at close of trade; S&P/BMV IPC up 0.33%

    Investing.com – Mexico stocks were higher after the close on Thursday, as gains in the Healthcare, Financial Services and Telecoms Services sectors led shares higher.

    At the close in Mexico, the S&P/BMV IPC rose 0.33% to hit a new 1-month high.

    The best performers of the session on the S&P/BMV IPC were Genomma Lab Internacional SAB De CV (MX:LABB), which rose 5.12% or 0.640 points to trade at 13.130 at the close. Meanwhile, Grupo Financiero Banorte (MX:GFNORTEO) added 2.44% or 2.530 points to end at 106.190 and Grupo Financiero Santander Mexico SAB de CV Class B (MX:BSMXB) was up 2.14% or 0.550 points to 26.250 in late trade.

    The worst performers of the session were Gentera SAB de CV (MX:GENTERA), which fell 5.04% or 0.775 points to trade at 14.595 at the close. Alsea , S.A.B. De C.V. (MX:ALSEA) declined 4.11% or 2.290 points to end at 53.400 and Arca Continental , S.A.B. De C.V. (MX:AC) was down 3.73% or 4.06 points to 104.75.

    Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 171 to 118 and 6 ended unchanged.

    Gold Futures for February delivery was down 0.18% or 2.35 to $1291.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.11% or 0.06 to hit $52.25 a barrel, while the March Brent oil contract fell 0.16% or 0.10 to trade at $61.22 a barrel.

    USD/MXN was up 0.68% to 19.0157, while EUR/MXN rose 0.62% to 21.6594.

    The US Dollar Index Futures was up 0.04% at 95.715.

    Read more
  • Canada stocks higher at close of trade; S&P/TSX Composite up 0.61%

    Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Consumer Discretionary, Materials and Financials sectors led shares higher.

    At the close in Toronto, the S&P/TSX Composite rose 0.61% to hit a new 1-month high.

    The best performers of the session on the S&P/TSX Composite were Husky Energy Inc . (TO:HSE), which rose 12.36% or 1.92 points to trade at 17.45 at the close. Meanwhile, Crescent Point Energy Corp . (TO:CPG) added 4.54% or 0.20 points to end at 4.61 and Canada Goose Holdings Inc (TO:GOOS) was up 4.52% or 2.85 points to 65.94 in late trade.

    The worst performers of the session were MEG Energy Corp (TO:MEG), which fell 35.60% or 3.04 points to trade at 5.50 at the close. Peyto Exploration&Development Corp (TO:PEY) declined 10.72% or 0.85 points to end at 7.08 and Aurora Cannabis Inc (TO:ACB) was down 10.39% or 1.01 points to 8.71.

    Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 539 to 539 and 127 ended unchanged.

    The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.53% to 16.95 a new 1-month low.

    Gold Futures for February delivery was down 0.18% or 2.30 to $1291.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.10% or 0.05 to hit $52.26 a barrel, while the March Brent oil contract fell 0.13% or 0.08 to trade at $61.24 a barrel.

    CAD/USD was down 0.13% to 0.7533, while CAD/EUR fell 0.02% to 0.6614.

    The US Dollar Index Futures was up 0.03% at 95.708.

    Read more
  • JB Hunt Earnings miss, Revenue beats In Q4

    Investing.com - JB Hunt (NASDAQ:JBHT) reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.

    The firm reported earnings per share of $0.81 on revenue of $2.32B. Analysts polled by Investing.com forecast EPS of $1.5 on revenue of $2.31B. That compared to EPS of $0.87 on revenue of $1.99B in the same period a year earlier. The company had reported EPS of $1.47 on revenue of $2.21B in the previous quarter.

    JB Hunt shares lost 100.00% to trade at $0.00 in after-hours trade following the report.

    JB Hunt follows other major Transportation sector earnings this month


    On Wednesday, CSX reported fourth quarter EPS of $1.01 on revenue of $3.14B, compared to forecasts of EPS of $0.99 on revenue of $3.13B.

    Delta Air Lines earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $1.3 on revenue of $10.74B. Investing.com analysts expected EPS of $1.27 on revenue of $10.77B

    Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

    Read more
  • Brazil stocks higher at close of trade; Bovespa up 1.12%

    Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Real Estate, Consumption and Public Utilities sectors led shares higher.

    At the close in Sao Paulo, the Bovespa added 1.12% to hit a new all time high.

    The best performers of the session on the Bovespa were BRF SA (SA:BRFS3), which rose 6.48% or 1.44 points to trade at 23.66 at the close. Meanwhile, Localiza Rent a Car SA (SA:RENT3) added 6.27% or 1.82 points to end at 30.86 and Qualicorp SA (SA:QUAL3) was up 6.04% or 0.87 points to 15.28 in late trade.

    The worst performers of the session were Log Commercial Properties e Participacoes SA (SA:LOGG3), which fell 5.21% or 1.00 points to trade at 18.20 at the close. Embraer SA (SA:EMBR3) declined 4.79% or 1.03 points to end at 20.47 and B2W Cia Digital (SA:BTOW3) was down 2.42% or 1.16 points to 46.75.

    Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 288 to 143 and 34 ended unchanged.

    The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.16% to 30.93.

    Gold Futures for February delivery was down 0.24% or 3.05 to $1290.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.15% or 0.08 to hit $52.39 a barrel, while the March US coffee C contract rose 0.34% or 0.35 to trade at $102.75 .

    USD/BRL was up 0.39% to 3.7506, while EUR/BRL rose 0.31% to 4.2711.

    The US Dollar Index Futures was up 0.07% at 95.743.

    Read more
  • Boeing Rises 3%

    Investing.com - Boeing (NYSE:BA) rose by 3.25% to trade at $363.51 by 14:50 (19:50 GMT) on Thursday on the NYSE exchange.

    The volume of Boeing shares traded since the start of the session was 2.46M. Boeing has traded in a range of $350.73 to $363.65 on the day.

    The stock has traded at $363.7800 at its highest and $340.8700 at its lowest during the past seven days.

    Read more
  • Palladium Pierces $1,400 in New Record; Gold Treads Water

    Investing.com - The lure of palladium and its importance to the auto sector is greater to precious metals investors than the shine of gold and the hedge the yellow metal offers to the world's political and financial troubles.

    The spot price of palladium, the auto-catalyst metal preferred by investors compared to its sister metal platinum, soared to record highs above $1,400 per ounce on Thursday. That made it the world's most valuable metal currently.

    Spot palladium was up $30.80, or 2.3%, at $1,394.35 per ounce by 2:18 PM ET (19:18 GMT) after reaching an all-time peak of $1,440.35 earlier.

    In futures trade, the benchmark March palladium contract on New York Mercantile Exchange's Comex was up $34.30, or 2.6%, at $1,352.80, after an intraday peak at 1,397.40.

    While palladium is at least $500 short of the record highs above $1,900 per ounce hit by gold in 2011, its near 70% rally since August, with 10% of that coming just this month alone, has stunned investors.

    Gold prices, have, meanwhile treaded water at the $1,285 to $1,295 level after briefly breaking past $1,300 on Jan. 4.

    Palladium's latest run-up has been fueled by stimulus measures aimed at boosting car ownership in China and a projection by Metals Focus Ltd. that the auto-catalyst metal will remain in a supply deficit for an eighth straight year as its status as a byproduct of mines in South Africa and Russia restricts its output despite explosive short-term demand.

    “Palladium has entered uncharted territory,” after topping technical barriers such as the 50-, 100- and 200-day moving averages, Thomas Anthonj, technical analyst at JPMorgan Chase & Co (NYSE:JPM). in London, was quoted saying by Bloomberg. “In such cases, the only orientation we have is from a technical perspective.”

    But some are skeptical about the rally going too much further.

    “Investors appear to be ignoring the fact that weak sales figures have been reported for all major auto markets in recent days,” Commerzbank (DE:CBKG) analysts including Daniel Briesemann said in a note. “Instead, they are seeing news such as the planned widening of a strike to include the platinum mines of a major South African gold and platinum producer as being a good reason to buy.”

    Philip Streible, senior market strategist for precious metals at RJO Futures in Chicago, also thinks a violent reversal may be coming.

    "It's hard to say how the mine strike will stay in place," Streible told Investing.com. "Palladium could easily push past $1,500, but I expect it come down to more normalized levels closer to the $1,250 area. A small crash could probably kick a lot of people off-guard."

    Gold futures on Comex was down $1.95, or 0.2%, at $1,291.85.

    Platinum futures rose by $4.10, or 0.5%, to $812.

    Silver futures slid 11 cents, or 0.7%, to $15.53.

    In base metals, copper futures were flat at $2.68 per pound.

    Read more
  • MarketPulse: Western Digital Dives as Analysts Sound Alarm Bell on Earnings

    Investing.com – Western Digital fell on Thursday, stifling gains in semiconductors after Wall Street turned bearish on the data-storage company on worries over upcoming earnings and guidance.

    Western Digital (NASDAQ:WDC) fell 4.5% as analysts sounded the alarm on upcoming earnings, fearing the ongoing slump in memory prices will hurt performance, leading to weaker guidance.

    "We’ve clearly misjudged the severity of the downturn in NAND," said Wells Fargo.

    Wells Fargo cut its price target on Western Digital to $65 from $75, saying weak fundamental trends point to "ugly" third-quarter guidance.

    The gloomy outlook, as well as expectations for second-quarter earnings to come in at low end of the consensus estimates, was echoed by Deutsche Bank (DE:DBKGn).

    Western Digital is slated to release second-quarter results in on Jan. 24, after the closing bell.

    Semiconductor foundry Taiwan Semiconductor Manufacturing (NYSE:TSM), meanwhile, exacerbated concerns about the malaise in semis as it warned first-quarter revenue would fall short of expectations. It blamed a weaker macroeconomic outlook, mobile product seasonality and a glut in inventories in the semiconductor supply chain. Its shares, however, inched 1% higher.

    The company reported December-quarter sales of $9.4 billion, slightly above the Wall Street consensus of $9.37 billion. But it also gave a March-quarter revenue guidance range of $7.3 billion to $7.4 billion, below estimates of $8 billion.

    Still, there's light at the end of tunnel for Taiwan Semi, even as 2019 is set to be a tough year for the company, according to JPMorgan

    "We see two silver linings for Taiwan Semi," JPMorgan (NYSE:JPM) said, citing the company's commitment "to raise cash dividends despite potential for earnings decline" and a "strong pipeline for 7nm from second half of 2019 as well as good initial engagement for 5nm." Both of which should "cement Taiwan Semis technology leadership in the next few years."

    The Philadelphia Semiconductor Index was flat in afternoon trading.

    Read more
  • Portugal stocks higher at close of trade; PSI 20 up 0.62%

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

    At the close in Lisbon, the PSI 20 added 0.62% to hit a new 1-month high.

    The best performers of the session on the PSI 20 were The Navigator Company SA (LS:NVGR), which rose 4.03% or 0.1600 points to trade at 4.1260 at the close. Meanwhile, Ramada Investimentos e Industria SA (LS:RAMA) added 1.91% or 0.150 points to end at 8.000 and Altri SGPS (LS:ALSS) was up 1.82% or 0.1200 points to 6.7300 in late trade.

    The worst performers of the session were Banco Comercial Portugues (LS:BCP), which fell 0.73% or 0.0018 points to trade at 0.2437 at the close. CTT Correios de Portugal SA (LS:CTT) declined 0.59% or 0.0180 points to end at 3.0400 and REN (LS:RENE) was down 0.16% or 0.0040 points to 2.5400.

    Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 17 to 12 and 6 ended unchanged.

    Brent oil for March delivery was down 0.36% or 0.22 to $61.10 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.75% or 0.39 to hit $51.92 a barrel, while the February Gold Futures contract fell 0.20% or 2.55 to trade at $1291.25 a troy ounce.

    EUR/USD was down 0.09% to 1.1386, while EUR/GBP fell 0.67% to 0.8786.

    The US Dollar Index Futures was up 0.09% at 95.760.

    Read more
  • Italy stocks higher at close of trade; Investing.com Italy 40 up 0.09%

    Investing.com – Italy stocks were higher after the close on Thursday, as gains in the Telecoms, Industrials and Healthcare sectors led shares higher.

    At the close in Milan, the Investing.com Italy 40 added 0.09% to hit a new 1-month high.

    The best performers of the session on the Investing.com Italy 40 were Davide Campari Milano SpA (MI:CPRI), which rose 4.14% or 0.32 points to trade at 7.93 at the close. Meanwhile, Telecom Italia (MI:TLIT) added 2.06% or 0.0106 points to end at 0.5264 and Unipol Gruppo Finanziario Spa (MI:UNPI) was up 1.62% or 0.062 points to 3.900 in late trade.

    The worst performers of the session were STMicroelectronics (MI:STM), which fell 1.91% or 0.240 points to trade at 12.310 at the close. FinecoBank Banca Fineco SpA (MI:FBK) declined 1.70% or 0.17 points to end at 9.81 and Azimut Holding (MI:AZMT) was down 1.57% or 0.16 points to 10.03.

    Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 183 to 179 and 31 ended unchanged.

    Shares in Davide Campari Milano SpA (MI:CPRI) rose to all time highs; gaining 4.14% or 0.32 to 7.93.

    Crude oil for February delivery was down 0.86% or 0.45 to $51.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.49% or 0.30 to hit $61.02 a barrel, while the February Gold Futures contract fell 0.24% or 3.05 to trade at $1290.75 a troy ounce.

    EUR/USD was down 0.10% to 1.1385, while EUR/GBP fell 0.60% to 0.8792.

    The US Dollar Index Futures was up 0.12% at 95.792.

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  • France stocks lower at close of trade; CAC 40 down 0.34%

    Investing.com – France stocks were lower after the close on Thursday, as losses in the Utilities, Consumer Goods and General Financial sectors led shares lower.

    At the close in Paris, the CAC 40 lost 0.34%, while the SBF 120 index declined 0.29%.

    The best performers of the session on the CAC 40 were Sodexo (PA:EXHO), which rose 1.75% or 1.64 points to trade at 95.18 at the close. Meanwhile, Hermes International SCA (PA:HRMS) added 1.39% or 6.80 points to end at 495.70 and Compagnie de Saint Gobain SA (PA:SGOB) was up 1.02% or 0.29 points to 29.30 in late trade.

    The worst performers of the session were Societe Generale SA (PA:SOGN), which fell 5.66% or 1.71 points to trade at 28.50 at the close. BNP Paribas SA (PA:BNPP) declined 3.85% or 1.66 points to end at 41.42 and Credit Agricole SA (PA:CAGR) was down 1.86% or 0.192 points to 10.154.

    The top performers on the SBF 120 were Eramet (PA:ERMT) which rose 6.06% to 68.25, Getlink SE (PA:GETP) which was up 3.21% to settle at 12.365 and Korian Medica SA (PA:KORI) which gained 2.72% to close at 33.960.

    The worst performers were DBV Technologies (PA:DBV) which was down 7.91% to 12.580 in late trade, Societe Generale SA (PA:SOGN) which lost 5.66% to settle at 28.50 and CGG SA (PA:GEPH) which was down 4.37% to 1.445 at the close.

    Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 319 to 261 and 88 ended unchanged.

    Shares in Getlink SE (PA:GETP) rose to 3-years highs; up 3.21% or 0.385 to 12.365.

    The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 2.69% to 15.65 a new 3-months low.

    Gold Futures for February delivery was down 0.23% or 2.95 to $1290.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.86% or 0.45 to hit $51.86 a barrel, while the March Brent oil contract fell 0.49% or 0.30 to trade at $61.02 a barrel.

    EUR/USD was down 0.11% to 1.1384, while EUR/GBP fell 0.59% to 0.8793.

    The US Dollar Index Futures was up 0.12% at 95.790.

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  • Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.55%

    Investing.com – Denmark stocks were higher after the close on Thursday, as gains in the Consumer Services, Healthcare and Oil&Gas sectors led shares higher.

    At the close in Copenhagen, the OMX Copenhagen 20 added 0.55%.

    The best performers of the session on the OMX Copenhagen 20 were DSV (CO:DSV), which rose 2.60% or 13.0 points to trade at 513.0 at the close. Meanwhile, Novozymes A/S B (CO:NZYMb) added 1.40% or 4.1 points to end at 298.0 and ISS A/S (CO:ISS) was up 1.37% or 2.55 points to 188.60 in late trade.

    The worst performers of the session were Lundbeck A/S (CO:LUN), which fell 4.16% or 12.4 points to trade at 286.0 at the close. William Demant Holding AS (CO:WDH) declined 2.76% or 5.8 points to end at 204.0 and Pandora A/S (CO:PNDORA) was down 2.40% or 6.4 points to 260.2.

    Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 64 to 63 and 14 ended unchanged.

    Crude oil for February delivery was down 0.86% or 0.45 to $51.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.47% or 0.29 to hit $61.03 a barrel, while the February Gold Futures contract fell 0.22% or 2.85 to trade at $1290.95 a troy ounce.

    USD/DKK was up 0.08% to 6.5574, while EUR/DKK fell 0.02% to 7.4658.

    The US Dollar Index Futures was up 0.11% at 95.787.

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

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

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

    The best performers of the session on the OMX Helsinki 25 were Fortum Oyj (HE:FORTUM), which rose 1.97% or 0.37 points to trade at 19.12 at the close. Meanwhile, Kesko Oyj (HE:KESKOB) added 1.87% or 0.94 points to end at 51.30 and Elisa Oyj (HE:ELISA) was up 1.63% or 0.62 points to 38.56 in late trade.

    The worst performers of the session were Wartsila Oyj Abp (HE:WRT1V), which fell 1.12% or 0.16 points to trade at 14.16 at the close. Neste Oil Oyj (HE:NESTE) declined 0.91% or 0.72 points to end at 78.20 and Outokumpu Oyj (HE:OUT1V) was down 0.74% or 0.0290 points to 3.8770.

    Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 78 to 75 and 15 ended unchanged.

    Brent oil for March delivery was down 0.51% or 0.31 to $61.01 a barrel. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.86% or 0.45 to hit $51.86 a barrel, while the February Gold Futures contract fell 0.20% or 2.65 to trade at $1291.15 a troy ounce.

    EUR/USD was down 0.10% to 1.1385, while EUR/GBP fell 0.62% to 0.8790.

    The US Dollar Index Futures was up 0.11% at 95.780.

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  • Belgium stocks lower at close of trade; BEL 20 down 0.50%

    Investing.com – Belgium stocks were lower after the close on Thursday, as losses in the Consumer Goods, Utilities and Consumer Services sectors led shares lower.

    At the close in Brussels, the BEL 20 lost 0.50%.

    The best performers of the session on the BEL 20 were Anheuser Busch Inbev SA NV (BR:ABI), which rose 1.29% or 0.80 points to trade at 62.63 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 1.07% or 0.980 points to end at 92.980 and Engie SA (PA:ENGIE) was up 0.74% or 0.10 points to 13.60 in late trade.

    The worst performers of the session were Telenet Group Holding NV (BR:TNET), which fell 3.61% or 1.44 points to trade at 38.48 at the close. KBC (BR:KBC) declined 2.55% or 1.560 points to end at 59.560 and Ontex Group (BR:ONTEX) was down 2.17% or 0.41 points to 18.50.

    Falling stocks outnumbered advancing ones on the Brussels Stock Exchange by 63 to 49 and 14 ended unchanged.

    Gold Futures for February delivery was down 0.18% or 2.35 to $1291.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.88% or 0.46 to hit $51.85 a barrel, while the March Brent oil contract fell 0.49% or 0.30 to trade at $61.02 a barrel.

    EUR/USD was down 0.11% to 1.1385, while EUR/GBP fell 0.63% to 0.8789.

    The US Dollar Index Futures was up 0.10% at 95.775.

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  • Germany stocks lower at close of trade; DAX down 0.12%

    Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Media and Basic Resources sectors led shares lower.

    At the close in Frankfurt, the DAX fell 0.12%, while the MDAX index fell 0.20%, and the TecDAX index lost 0.12%.

    The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 2.77% or 3.850 points to trade at 143.000 at the close. Meanwhile, Henkel&Co KGaA AG Pref (DE:HNKG_p) added 2.08% or 1.96 points to end at 96.16 and SAP SE (DE:SAPG) was up 1.13% or 1.010 points to 90.480 in late trade.

    The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 4.09% or 0.332 points to trade at 7.782 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 2.24% or 0.410 points to end at 17.920 and Daimler AG NA O.N. (DE:DAIGn) was down 1.84% or 0.915 points to 48.935.

    The top performers on the MDAX were GEA Group AG (DE:G1AG) which rose 4.58% to 24.000, Kion Group AG (DE:KGX) which was up 2.30% to settle at 45.86 and Scout24 AG (DE:G24n) which gained 1.71% to close at 39.240.

    The worst performers were Siltronic AG (DE:WAFGn) which was down 5.73% to 76.360 in late trade, Prosiebensat 1 Media AG (DE:PSMGn) which lost 5.06% to settle at 14.5350 and RTL Group SA (DE:RRTL) which was down 5.05% to 45.520 at the close.

    The top performers on the TecDAX were Suedzucker AG (DE:SZUG) which rose 5.06% to 13.900, Hornbach Holding VZO O.N. (DE:HBH) which was up 3.62% to settle at 45.800 and Stabilus (DE:STAB) which gained 2.47% to close at 62.20.

    The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 11.17% to 0.12 in late trade, Aixtron SE NA O.N. (DE:AIXGn) which lost 4.34% to settle at 8.2000 and SMA Solar Technology AG (DE:S92G) which was down 4.27% to 16.820 at the close.

    Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 361 to 322 and 93 ended unchanged.

    Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; losing 5.06% or 0.7750 to 14.5350. Shares in RTL Group SA (DE:RRTL) fell to all time lows; falling 5.05% or 2.420 to 45.520.

    The DAX volatility index, which measures the implied volatility of DAX options, was down 3.71% to 17.14 a new 1-month low.

    Gold Futures for February delivery was down 0.20% or 2.55 to $1291.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.59% or 0.31 to hit $52.00 a barrel, while the March Brent oil contract fell 0.28% or 0.17 to trade at $61.15 a barrel.

    EUR/USD was down 0.11% to 1.1384, while EUR/GBP fell 0.57% to 0.8794.

    The US Dollar Index Futures was up 0.11% at 95.787.

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  • U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.36%

    Investing.com – U.K. stocks were lower after the close on Thursday, as losses in the Oil Equipment Services&Distribution, Electrical and Electronic&Electrical Equipment sectors led shares lower.

    At the close in London, the Investing.com United Kingdom 100 lost 0.36%.

    The best performers of the session on the Investing.com United Kingdom 100 were Associated British Foods PLC (LON:ABF), which rose 6.98% or 152.00 points to trade at 2330.00 at the close. Meanwhile, Sage Group PLC (LON:SGE) added 5.40% or 32.00 points to end at 625.00 and Provident Financial PLC (LON:PFG) was up 2.85% or 14.80 points to 535.00 in late trade.

    The worst performers of the session were ITV PLC (LON:ITV), which fell 5.94% or 8.15 points to trade at 129.10 at the close. SSE PLC (LON:SSE) declined 3.31% or 38.50 points to end at 1126.00 and Standard Life Aberdeen PLC (LON:SLA) was down 2.81% or 7.60 points to 262.40.

    Falling stocks outnumbered advancing ones on the London Stock Exchange by 1102 to 932 and 304 ended unchanged.

    Gold Futures for February delivery was down 0.20% or 2.55 to $1291.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.61% or 0.32 to hit $51.99 a barrel, while the March Brent oil contract fell 0.26% or 0.16 to trade at $61.16 a barrel.

    GBP/USD was up 0.50% to 1.2946, while EUR/GBP fell 0.57% to 0.8795.

    The US Dollar Index Futures was up 0.12% at 95.790.

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  • Poland stocks lower at close of trade; WIG30 down 0.21%

    Investing.com – Poland stocks were lower after the close on Thursday, as losses in the Information Technology, Oil&Gas and Chemicals sectors led shares lower.

    At the close in Warsaw, the WIG30 declined 0.21%.

    The best performers of the session on the WIG30 were CD Projekt SA (WA:CDR), which rose 2.67% or 4.45 points to trade at 171.05 at the close. Meanwhile, mBank SA (WA:MBK) added 2.41% or 10.60 points to end at 450.60 and Eurocash SA (WA:EUR) was up 2.30% or 0.45 points to 20.01 in late trade.

    The worst performers of the session were Asseco Poland SA (WA:ACPP), which fell 2.55% or 1.24 points to trade at 47.42 at the close. Dino Polska SA (WA:DNP) declined 2.48% or 2.60 points to end at 102.20 and Play Communications SA (WA:PLY) was down 2.05% or 0.44 points to 21.00.

    Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 239 to 239 and 179 ended unchanged.

    Crude oil for February delivery was down 1.17% or 0.61 to $51.70 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.67% or 0.41 to hit $60.91 a barrel, while the February Gold Futures contract fell 0.18% or 2.35 to trade at $1291.45 a troy ounce.

    EUR/PLN was up 0.16% to 4.2890, while USD/PLN rose 0.21% to 3.7653.

    The US Dollar Index Futures was up 0.10% at 95.768.

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  • Russia stocks higher at close of trade; MOEX Russia up 0.54%

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

    At the close in Moscow, the MOEX Russia rose 0.54% to hit a new 3-months high.

    The best performers of the session on the MOEX Russia were Magnit (MCX:MGNT), which rose 4.66% or 185.0 points to trade at 4155.0 at the close. Meanwhile, Rosseti ao (MCX:RSTI) added 4.32% or 0.0365 points to end at 0.8813 and United Company Rusal Plc (MCX:RUAL) was up 3.28% or 0.975 points to 30.670 in late trade.

    The worst performers of the session were ALROSA ao (MCX:ALRS), which fell 2.28% or 2.380 points to trade at 102.220 at the close. X5 Retail Group NV (MCX:FIVEDR) declined 2.13% or 37.5 points to end at 1721.5 and PIK (MCX:PIKK) was down 1.32% or 4.80 points to 358.20.

    Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 107 to 103 and 20 ended unchanged.

    The Russian VIX, which measures the implied volatility of MOEX Russia options, was down 3.49% to 23.790.

    Gold Futures for February delivery was down 0.19% or 2.45 to $1291.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.19% or 0.62 to hit $51.69 a barrel, while the March Brent oil contract fell 0.68% or 0.42 to trade at $60.90 a barrel.

    USD/RUB was up 0.12% to 66.4523, while EUR/RUB rose 0.03% to 75.6403.

    The US Dollar Index Futures was up 0.11% at 95.778.

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  • Greece stocks lower at close of trade; Athens General Composite down 0.93%

    Investing.com – Greece stocks were lower after the close on Thursday, as losses in the Travel, Media and Retail sectors led shares lower.

    At the close in Athens, the Athens General Composite fell 0.93%.

    The best performers of the session on the Athens General Composite were Karatzi (AT:KRTr), which rose 5.00% or 0.300 points to trade at 6.200 at the close. Meanwhile, ThesKi Water (AT:TWSr) added 3.61% or 0.150 points to end at 4.300 and Intracom Constructions Technical and Steel Constructions SA (AT:INCr) was up 3.15% or 0.035 points to 1.145 in late trade.

    The worst performers of the session were Alpha Bank SA (AT:ACBr), which fell 9.44% or 0.095 points to trade at 0.911 at the close. National Bank of Greece SA (AT:NBGr) declined 4.30% or 0.043 points to end at 0.957 and Elliniki Technodomiki Anemos SA (AT:ANEMr) was down 4.10% or 0.065 points to 1.520.

    Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 63 to 40 and 16 ended unchanged.

    Shares in Alpha Bank SA (AT:ACBr) fell to 5-year lows; falling 9.44% or 0.095 to 0.911.

    Gold Futures for February delivery was down 0.20% or 2.55 to $1291.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.40% or 0.73 to hit $51.58 a barrel, while the March Brent oil contract fell 0.82% or 0.50 to trade at $60.82 a barrel.

    EUR/USD was down 0.14% to 1.1381, while EUR/GBP fell 0.35% to 0.8814.

    The US Dollar Index Futures was up 0.15% at 95.822.

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  • Israel stocks higher at close of trade; TA 35 up 0.10%

    Investing.com – Israel stocks were higher after the close on Thursday, as gains in the Banking, Financials and Real Estate sectors led shares higher.

    At the close in Tel Aviv, the TA 35 added 0.10%.

    The best performers of the session on the TA 35 were Gazit Globe Ltd (TA:GZT), which rose 3.16% or 86 points to trade at 2810 at the close. Meanwhile, Bezeq Israeli Telecommunication Corp Ltd (TA:BEZQ) added 2.35% or 7.8 points to end at 339.6 and Nice Ltd (TA:NICE) was up 1.93% or 740 points to 39120 in late trade.

    The worst performers of the session were OPKO Health Inc (TA:OPK), which fell 2.96% or 42 points to trade at 1379 at the close. Tower Semiconductor Ltd (TA:TSEM) declined 2.94% or 158 points to end at 5219 and Teva Pharmaceutical Industries Ltd (TA:TEVA) was down 2.90% or 205 points to 6857.

    Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 206 to 161 and 41 ended unchanged.

    Crude oil for February delivery was down 2.05% or 1.07 to $51.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.37% or 0.84 to hit $60.48 a barrel, while the February Gold Futures contract fell 0.30% or 3.85 to trade at $1289.95 a troy ounce.

    USD/ILS was up 0.22% to 3.6930, while EUR/ILS rose 0.07% to 4.2029.

    The US Dollar Index Futures was up 0.17% at 95.838.

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  • U.S. Dollar Remains Steady as Jobless Claims at 5-Week Low

    Investing.com - The greenback was steady on Thursday as jobless claims data showed the government shutdown has yet to have an impact on jobs.

    The number of people who filed for unemployment assistance in the U.S. hit its lowest level in five weeks, despite 27 days of a government shutdown which has furloughed 800,000 federal workers.

    The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.11% to 95.77 as of 10:16 AM ET (15:16 GMT). The currency remain subdued after recent comments by Federal Reserve officials suggesting further interest rates are unlikely in the next few months.

    The Fed will hold its next policy-setting meeting on Jan. 29-30.

    The loonie was lower against the dollar, with USD/CAD rising 0.3% to 1.3294, as analysts expect the Bank of Canada to delay interest rate hikes until April, Reuters reported.

    "The Fed's on hold, and Canada and the U.S. really don't have any meaningful inflation pressure. There is just no rush for the Bank to be really more aggressive with rates and that's what they have signaled," said Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets.

    The yen, typically sought by investors as a safe haven during times of economic or market stress, was a touch lower against the dollar, with USD/JPY slipping 0.13% to 108.92.

    Meanwhile sterling was a touch higher after U.K. Prime Minister Theresa May survived a vote of no confidence in her government. GBP/USD was up 0.2% to 1.2905.

    The euro dipped, with EUR/USD falling 0.08% to 1.1387.

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  • Stocks - Wall Street Falls on Weak Morgan Stanley Results, Trade Concerns

    Investing.com - Wall Street fell Thursday as weak numbers from Morgan Stanley (NYSE:MS) and worry over trade relations between the U.S. and China weighed on investors.

    The S&P 500 fell 8 points, or 0.33%, as of 9:30 AM ET (14:30 GMT), while the Dow decreased 113 points, or 0.47%, and the tech-heavy Nasdaq Composite lost 22 points, or 0.32%.

    U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips to Huawei and other Chinese companies that violate U.S. sanctions or export control laws. Investors are worried the news could put trade talks between the two largest economies in the world in jeopardy.

    Meanwhile, Morgan Stanley tumbled 4% after it posted a steep decline in its fourth quarter profit, citing volatility in the markets.

    Chipmakers were also down, as Taiwan Semiconductor Manufacturing Co (TSMC) forecast its sharpest quarterly revenue fall in a decade. Its customer Apple (NASDAQ:AAPL) declined 0.6% over worries of declining demand for smartphones. Advanced Micro Devices (NASDAQ:AMD) slumped 3.3% and Micron (NASDAQ:MU) fell 2.5%.

    Netflix (NASDAQ:NFLX) fell 0.5% ahead of its quarterly results after the closing bell. The streaming site raised subscription rates in U.S. earlier this week and is expected to report an increase in subscribers.

    Elsewhere Pacific Gas & Electric (NYSE:PCG) continued to be volatile, jumping 16.5%, while Boeing (NYSE:BA) inched up 0.3%.

    In commodities, gold futures fell 0.2% to $1,290.95 a troy ounce and crude oil decreased 1.3% to $51.62 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.09% to 95.76.

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  • U.S. Jobless Claims Fall to 5-Week Low

    Investing.com - The number of people who filed for unemployment assistance in the U.S. fell unexpectedly last week, hitting their lowest level in five weeks.

    The U.S. Department of Labor said that the number of individuals applying for initial jobless benefits in the seven days ended Jan. 12 decreased by 3,000 to a seasonally adjusted 213,000.

    Analysts expected jobless claims to rise by 3,000 to 219,000 last week from the previous week’s total of 216,000.

    The four-week moving average was 220,750, a decline of 1,000 from the previous week. The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

    Continuing jobless claims in the week ended Jan. 5 rose to 1.737 million from 1.719 million in the preceding week, compared to expectations for an increase to 1.735 million. These claims reflect people who recently lost their jobs and are already receiving benefits.

    Read more
  • Philly Fed Index Rises in January

    Investing.com - The Philadelphia Fed's manufacturing index rose in January, to a reading of 17.0 from 9.1 in December, the Philly Fed reported on Thursday.

    The consensus forecast had been for a reading of 9.7.

    Any reading above zero indicates improving conditions, below indicates worsening conditions.

    With regard to future activity in the sector, new orders increased to 21.3 in January, compared to prior month's reading of 13.3.

    The employment index declined to 9.6 in January, compared to a prior reading of 19.1, indicating a slower pace of hiring.

    Meanwhile, the prices paid index fell to 32.70 this month from 38.90.

    The Philly Fed noted that the survey’s broad indicators remained positive, although they showed mixed movements.

    “The survey’s future indexes indicate that respondents continue to expect growth over the next six months,” the report concluded.

    Read more
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