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  • Day Ahead: Top 3 Things to Watch

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

    1. Fed Releasing Meeting Minutes

    Tomorrow the Federal Open Market Committee will release the minutes from its last rate-setting meeting.

    The minutes arrive at 2:00 PM ET (19:00 GMT), and the market will be looking for more detail on just how patient the Fed intends to be with its rate hike plan.

    There will also be interest in any comments on the balance sheet.

    The Fed is close to wrapping up its quantitative tightening program, Investing.com’s Darrell Delamaide wrote.

    “First, (the Fed) effectively ruled out any rate increases this year,” Delamaide said. “Now the message coming across is that the Fed won’t be shrinking its balance sheet much more than it has already and will keep it at fairly elevated levels.”

    “It may even keep quantitative easing -- purchasing bonds with money created out of thin air -- as a new tool for monetary policy rather than just an emergency measure.”

    The market is pricing in rates staying on hold this year, according to Investing.com’s Fed Rate Monitor Tool.

    2. Theresa May Parlays With the EU

    U.K. Prime Minister Theresa May is going to Brussels to try to minimize the pain of the United Kingdom's exit from the European Union.

    Her office says it will be a significant meeting. European Union President Jean-Claude Junker was openly skeptical much would come from the meeting, set for Wednesday evening.

    Among the biggest concerns is whether the U.K. and EU-member Ireland can avoid a hard border stop, meaning goods won't be able to flow freely between Northern Ireland and Ireland.

    The FTSE index was off 0.6% on Tuesday and is off 0.8% this week. That said, the index is up 6.7% this year.

    3. The Earnings Parade Carries On

    Wednesday's earnings reports will have a consumer-oriented theme, coming after Wal-Mart's (NYSE:WMT) fourth-quarter results beat on top and bottom lines.

    Some of the companies reporting include:

    CVS Health (NYSE:CVS). The consensus estimate of analysts polled by Investing.com is that the company will report a profit of $2.09 a share on revenue of $54.6 billion. Shares fell 21% between their summer peak and December and are up 11% since.

    Car-rental company Avis Budget Group (NASDAQ:CAR) is seen reporting earnings of 38 cents a share on revenue of $2.05 billion, according to estimates compiled by Investing.com. The shares lost half their value between March and December. They're up a third from the December bottom.

    The Cheesecake Factory (NASDAQ:CAKE). The restaurant chain is expected to report a profit of 62 cents a share on revenue of $592.9 million. The shares fell 31% between a July peak to December and are up 11% since.

    Read more
  • Canada stocks higher at close of trade; S&P/TSX Composite up 0.63%

    Investing.com – Canada stocks were higher after the close on Tuesday, as gains in the Materials, IT and Energy sectors led shares higher.

    At the close in Toronto, the S&P/TSX Composite gained 0.63% to hit a new 3-months high.

    The best performers of the session on the S&P/TSX Composite were Pretium Resources Inc. (TO:PVG), which rose 11.06% or 1.06 points to trade at 10.64 at the close. Meanwhile, Bombardier Inc (TO:BBDb) added 10.40% or 0.260 points to end at 2.760 and Turquoise Hill Resources Ltd. (TO:TRQ) was up 9.78% or 0.220 points to 2.470 in late trade.

    The worst performers of the session were CCL Industries Inc (TO:CCLb), which fell 4.23% or 2.51 points to trade at 56.87 at the close. Superior Plus Corp (TO:SPB) declined 4.18% or 0.49 points to end at 11.23 and Cameco Corp (TO:CCO) was down 4.17% or 0.68 points to 15.64.

    Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 762 to 366 and 102 ended unchanged.

    The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.15% to 14.10 a new 3-months low.

    Gold Futures for April delivery was up 1.66% or 21.95 to $1344.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.79% or 0.44 to hit $56.42 a barrel, while the April Brent oil contract rose 0.03% or 0.02 to trade at $66.49 a barrel.

    CAD/USD was down 0.02% to 0.7569, while CAD/EUR rose 0.00% to 0.6674.

    The US Dollar Index Futures was down 0.40% at 96.355.

    Read more
  • Trade Deal Hopes Support Oil, Despite Rally Being Stretched

    By Barani Krishnan

    Investing.com - Hedge funds chasing the upside in oil are watching a potential trade deal and the stock market, despite signs that U.S. crude at closer to $60 a barrel could also bring new shale supply.

    New York-traded West Texas Intermediate crude traded at around three-month highs on Tuesday as Wall Street's three main stock indexes stayed in positive territory on hopes that the U.S. and China will hammer out a deal to end their protracted trade war.

    U.K. traded Brent, the global oil benchmark, was slightly lower after tanker loadings showed Iran's crude exports were higher than expected in January and at least holding steady this month, as some customers increased purchases on waivers from U.S. sanctions. Iranian oil shipments are averaging 1.25 million barrels per day (bpd) in February, higher than estimated earlier, Reuters reported.

    WTI settled up 50 cents, or 0.9%, at $56.09 per barrel.

    Brent, the global oil benchmark, was down 14 cents, or 0.2%, at $66.36 per barrel by 3:00 PM ET (20:00 GMT)

    "If anything, the price action today leans a bit bearish to me as we have lost the support of products and Brent with weaker products spreads and weaker Brent spreads," said Scott Shelton, energy futures broker at ICAP (LON:NXGN) in Durham, N.C.

    "The question is, will the market care about any of this as the flows have switched to buying on the CTA side," Shelton said, referring to Commodity Trading Advisors, the market terminology for hedge funds. Data on Friday showed money managers raising their bullish bets on U.S. oil by 10%, the most since late August.

    Year to date, WTI is up about 23%, having risen around $14 a barrel from Christmas Eve lows of under $43. Brent is up 22% on the year, rising some $12 barrel from its Dec. 24 bottom.

    Much of the rally in oil is the result of production cuts by Saudi Arabia, which has been slashing output more aggressively than it committed since December to salvage a market that lost 40% of its value in the fourth quarter of last year. In January, Saudi output fell to 10.213 million barrels per day versus a pledged 10.3 million bpd.

    Up until now, the Saudis have been targeting their production cuts on the heavier oils they ship to the United States.

    But a Reuters report on Tuesday said Saudi Arabia also plans to reduce light crude oil supplies to Asian customers for cargoes loading in March in an attempt to prevent Asian stockpiles of light crude from building. In the past, the Saudis did not limit providing their Asian customers supplies of Arab Extra Light crude above contractual volumes.

    The Saudi move to cover more bases with their production cuts could, however, eat into their prized market share in Asia, especially if U.S. producers encroach into that turf.

    Boosting the significance of U.S. crude production, Indian Oil Corporation said it has signed a $1.5 billion deal to buy oil from the United States in an effort to reduce dependence on traditional suppliers.

    This was the first term contract finalized by an Indian oil company for import of U.S.-origin crude grades, the IOC said in a statement on Monday. Interestingly just a day before Saudi Crown Prince Mohamad bin Salman was to begin his visit of India.

    Some traders also point to the likelihood of U.S. shale production ramping again in coming months with WTI nearing $60 per barrel.

    Last week, the U.S. oil rig count published by Baker Hughes rose for a second week in a row after falling to a nine-month low of 847 at the end of January.

    Read more
  • Can IBM Shares Continue Their Roll?

    Investing.com - It may shock, but IBM (NYSE:IBM) shares are on something of a roll. The question is how long the roll will last.

    The stock is up 21% this year, second among the 30 stocks in the Dow. Boeing (NYSE:BA) is tops, in part because Airbus Group (PA:AIR) is struggling and because traders are betting a U.S.-China trade deal will get done.

    But IBM? This is a stock that fell 25% in 2018 and 7.6% in 2017 and has struggled to show revenue growth for years.

    Maybe IBM has a few things going for it.

    Most important is that, for now, investors seem willing to wait to see if CEO Ginni Rometty's bet on building a real cloud business comes to fruition. The business has been growing, but maybe not as quickly as some investors want. Revenue for the business grew 12% in the fourth quarter to $19.2 billion.

    But IBM faces intense competition from players like Amazon.com's (NASDAQ:AMZN) Amazon Web Services, Microsoft's (NASDAQ:MSFT) Azure business and Alphabet's (NASDAQ:GOOGL) Google Cloud Platform.

    The key is IBM's pending $34 billion acquisition of open-source cloud developer Red Hat (NYSE:RHT), expected in the latter half of the year. It's seen as the big fuel for the cloud business.

    Add to that continued investments in analytics and artificial intelligence.

    And IBM has real and long-standing relationships with the biggest players in the financial services industry that at least provides stable service revenue.

    The stock began the year on the cheap side after hitting a 52-week low of $105.84 during the December market meltdown. Even now, its $1.57-a-share quarterly dividend represents a 4.6% yield, compared with the S&P 500's yield of about 2%. And the dividend doesn't seem to be at risk.

    Technical indicators mostly rate the stock a buy. Its relative strength index, a measure of a stock's momentum, is about 60. A reading above 75 suggests it's overbought and vulnerable to a selloff.

    But the proof ultimately will be real results, which may explain why the stock's up 2.7% in February, about even with the S&P 500 but trailing the Dow's 3.7% gain.

    Read more
  • Palladium King Again With New Record High Over Gold

    By Barani Krishnan

    Investing.com - The crown moves over again to the white metal.

    Palladium, used as a precious metal in jewelry since 1939 as an alternative to platinum in the alloys called white gold -- and more importantly, in recent years, as an emissions purifier and catalyts in gasoline-powered cars -- hit record highs of nearly $1,500 an ounce on Tuesday.

    Gold moved higher as well, hitting 10-month peaks on the back of a weaker dollar and global growth worries. But the yellow metal traded at a discount of nearly $150 an ounce to palladium.

    Spot palladium shot up by $24, or 1.6%, to 1,483.70 per ounce by 2:32 PM ET (19:32 GMT), after reaching a peak of $1,490.65 to remain the world's most valuable traded metal.

    Spot gold, reflective of trades in physical bullion, rose by $13.52, or 1%, to $1,339.78 per ounce.

    Spot platinum climbed rose by $13.55, or 1.7%, to $820 per ounce.

    In futures trading, gold's benchmark April contract on the Comex division of the New York Mercantile Exchange settled up $22.70, or 1.7%, at $1,344.80 per ounce.

    Palladium also moved further north of platinum, with its ratio to its sister metal rising to 1.7, well above levels at which auto catalyst producers would be willing to switch between the two metals, those who track the industry say. Platinum is an exhaust purifier and catalyst for diesel-powered cars, sales of which have fallen since Volkswagen's (DE:VOWG_p) emissions-rigging scandal in 2015.

    Bank of America Merrill Lynch (NYSE:BAC) said in a note that it expected palladium to go even higher but warned investors to "get ready for more volatility".

    It added that while substitution toward platinum may happen, "it can be slow to evolve, also because it takes time to re-engineer catalysts".

    Inventories of palladium in warehouses in Switzerland, typically the residual palladium market, are well below the highs seen a few years ago. Similarly, stocks at Chicago Mercantile Exchange warehouses have drawn for years and are now depleted.

    Tight supplies have led to the remarkable anomaly of falling assets under management at physically backed ETFs at the same time as prices rallied. Sticking with inventories, top palladium producer Norilsk Nickel has also managed its stockpiles diligently, preventing a glut.

    Trades in other Comex metals as of 3:23 PM ET (20:23 GMT):

    Palladium futures up $51.85, or 3.7%, at $1,459.05 per ounce.

    Silver futures up 22 cents, or 1.4%, at $15.97 per ounce.

    Platinum futures up $14.90, or 1.9%, at $821.80 per ounce.

    Copper futures up 7.4 cents, or 2.7%, at $2.87 per pound.

    Read more
  • Dollar Slides as Sterling Shines on Strong Jobs Data, Brexit Hopes

    Investing.com – The U.S. dollar slipped against a basket of major currencies Tuesday, pressured by strength in the pound on strong labor market data and hopes for progress on upcoming Brexit talks.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.45% to 96.30.

    GBP/USD rose 1.03% to $1.3054 as the U.K. unemployment rate remained at record lows, while wage growth of 3.4% for December missed economist expectations.

    The pound was also propped up by expectations for progress on Brexit talks, even as EU Commission President Jean-Claude Juncker said a lack of signals on the Brexit progress would likely stifle talks with U.K. Prime Minister Theresa May on Wednesday.

    "I am meeting Mrs. May tomorrow evening, and there is not enough movement for me to be able to assume that it will be a productive discussion," Juncker said.

    EUR/USD rose 0.36% as a German investor confidence improved to its highest level in five months in February, according to survey data from the ZEW - Leibniz Centre for European Economic Research.

    USD/JPY fell 0.04% to Y110.56 after Bank of Japan governor Haruhiko Kuroda told the Japanese parliament that the central bank would consider additional easing if a stronger yen threaten to depress prices and activity.

    USD/CAD fell 0.20% to C$1.3213.

    Read more
  • France stocks lower at close of trade; CAC 40 down 0.15%

    Investing.com – France stocks were lower after the close on Tuesday, as losses in the Utilities, Oil&Gas and Gas&Water sectors led shares lower.

    At the close in Paris, the CAC 40 lost 0.15%, while the SBF 120 index lost 0.17%.

    The best performers of the session on the CAC 40 were Valeo SA (PA:VLOF), which rose 1.76% or 0.47 points to trade at 27.16 at the close. Meanwhile, Peugeot SA (PA:PEUP) added 0.94% or 0.20 points to end at 21.57 and Veolia Environnement VE SA (PA:VIE) was up 0.76% or 0.145 points to 19.300 in late trade.

    The worst performers of the session were Bouygues SA (PA:BOUY), which fell 1.38% or 0.43 points to trade at 30.82 at the close. WFD Unibail Rodamco NV (AS:URW) declined 1.09% or 1.58 points to end at 143.54 and STMicroelectronics NV (PA:STM) was down 1.03% or 0.150 points to 14.480.

    The top performers on the SBF 120 were Genfit (PA:GNFT) which rose 12.36% to 20.540, DBV Technologies (PA:DBV) which was up 3.67% to settle at 13.570 and Trigano (PA:TRIA) which gained 3.04% to close at 88.15.

    The worst performers were Vallourec (PA:VLLP) which was down 5.17% to 1.680 in late trade, Maisons du Monde SAS (PA:MDM) which lost 3.36% to settle at 23.620 and Worldline SA (PA:WLN) which was down 3.12% to 52.700 at the close.

    Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 312 to 258 and 94 ended unchanged.

    The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 2.09% to 14.60.

    Gold Futures for April delivery was up 1.68% or 22.25 to $1344.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.46% or 0.26 to hit $56.24 a barrel, while the April Brent oil contract fell 0.59% or 0.39 to trade at $66.11 a barrel.

    EUR/USD was up 0.36% to 1.1348, while EUR/GBP fell 0.69% to 0.8688.

    The US Dollar Index Futures was down 0.45% at 96.308.

    Read more
  • U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.54%

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

    At the close in London, the Investing.com United Kingdom 100 fell 0.54%.

    The best performers of the session on the Investing.com United Kingdom 100 were Micro Focus International PLC (LON:MCRO), which rose 3.63% or 63.50 points to trade at 1812.00 at the close. Meanwhile, Tui AG (LON:TUIT) added 3.25% or 26.80 points to end at 852.80 and Coca Cola HBC AG (LON:CCH) was up 2.69% or 69.0 points to 2633.0 in late trade.

    The worst performers of the session were HSBC Holdings PLC (LON:HSBA), which fell 4.01% or 26.60 points to trade at 637.10 at the close. Mediclinic International PLC (LON:MDCM) declined 2.82% or 9.00 points to end at 310.60 and BAE Systems PLC (LON:BAES) was down 2.52% or 13.20 points to 511.60.

    Falling stocks outnumbered advancing ones on the London Stock Exchange by 1187 to 855 and 337 ended unchanged.

    Gold Futures for April delivery was up 1.64% or 21.65 to $1343.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.71% or 0.40 to hit $56.38 a barrel, while the April Brent oil contract fell 0.47% or 0.31 to trade at $66.19 a barrel.

    GBP/USD was up 1.07% to 1.3059, while EUR/GBP fell 0.65% to 0.8691.

    The US Dollar Index Futures was down 0.46% at 96.297.

    Read more
  • U.S. Dollar Extends Losses Amid Dovish Remarks from Fed's Mester

    Investing.com - The U.S. dollar dropped for a third-consecutive session on Tuesday, as further dovish comments from a Federal Reserve member put downward pressure on the greenback.

    At 12:02 PM ET (15:02 GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.22% to 96.52.

    Cleveland Fed President Loretta Mester, normally considered to be one of the Fed hawks, stated that she would favor slowing down the balance sheet normalization process.

    Mester's remarks joined a wider chorus from the central bank as recent signs of economic weakness, including the largest decline in retail sales in nine years, have forced policymakers to reverse course from a previously more aggressive stance in favor of policy tightening.

    “Quantitative tightening, which Federal Reserve chair Jerome Powell likes to refer to as ‘balance sheet runoff’, is no longer on autopilot,” Investing.com analyst Darrell Delamaide said.

    In currency pairs, the pound was favored by dollar weakness. Despite little progress on plans for its departure from the European Union -- U.K. Prime Minister Theresa May is scheduled to meet Wednesday with EU commission president Jean-Claude Juncker amid few expectations for any advances -- sterling benefited from a solid employment report released before the U.S. market open. GBP/USD was last up 0.83% at 1.3026.

    The euro also gained against the greenback as closely watched indicator of German economic sentiment saw a better-than-expected improvement in the mood of eurozone’s No. 1 economy. EUR/USD advanced 0.13% to 1.1321.

    Dollar weakness also limited the yen’s losses despite comments overnight from Bank of Japan governor Haruhiko Kuroda indicating that the central bank was ready to ramp up stimulus if the strength of the Japanese currency hurt the economy. USD/JPY inched up 0.08% to 110.67.

    Read more
  • Papa John’s Stumbles Midday on Price War Worries

    Investing.com - Shares of Papa John’s fell midday following an analyst downgrade on concerns the pizza chain is ill-equipped to face a current price war.

    Papa John's (NASDAQ:PZZA) stock fell 2.8% in midday trading.

    Stifel Nicolaus downgraded the stock to sell from hold and issued a price target of $35 to $38, according to Briefing.com. Shares are currently trading around $44.

    The chief reason from the downgrade is that Papa John’s is likely to have to continue discounting and promotions, which will hurt its “already low profitability,” Stifel said.

    Also in the sector, Domino’s Pizza (NYSE:DPZ) fell 1%, while Pizza Hut operator Yum! Brands (NYSE:YUM) rose 0.5%.

    Read more
  • Gold Prices Rise to Fresh 9-Month Highs Amid Dovish Fed Remarks

    Investing.com - Gold prices moved higher on Tuesday as another member of the Federal Reserve weighed in on slowing down the central bank's tightening of monetary policy.

    At 10:37 AM ET (15:37 GMT), gold futures for April delivery on the Comex division of the New York Mercantile Exchange gained $18.25, or 1.38%, to $1,340.25 a troy ounce, its best level since May 14.

    Cleveland Fed president Loretta Mester, normally considered to be one of the Fed hawks, stated that she would favor slowing down the balance sheet normalization process.

    Mester's remarks joined a wider chorus from the central bank as recent signs of economic weakness, including the largest decline in retail sales in nine years, have forced policymakers to reverse course 180 degrees from a previously more aggressive stance in favor of policy tightening.

    “Quantitative tightening, which Federal Reserve chair Jerome Powell likes to refer to as ‘balance sheet runoff’, is no longer on autopilot,” Investing.com analyst Darrell Delamaide said.

    The dovish shift in tone to the Fed’s message implies a longer pause in rate hikes, which in turn decreases the opportunity cost of holding non-interest bearing gold.

    In other metals trading, palladium futures pressed higher as predictions that demand will rise this year as stricter emissions standards pump demand for the metal used in catalytic converters. At 10:40 AM ET (15:40 GMT), the metal gained 3.24% to $1,452.75 an ounce, a new record high.

    “In combination with supply-side issues, the market is going to be in a sizeable deficit this year ... potential for better-than-expected demand from China will exacerbate that tightness,” ANZ analyst Daniel Hynes said.

    -- Reuters contributed to this report.

    Read more
  • Oil Prices Retreat from 3-Month Highs, Next Round of Trade Talks in Focus

    Investing.com - Oil prices pulled back from three-month highs on Tuesday, as investors awaited news from the latest round of U.S.-China trade talks.

    New York-traded West Texas Intermediate crude futures fell 24 cents, or 0.43%, at $55.74 a barrel by 9:30 AM ET (14:30 GMT), after hitting $56.73 a day earlier, its best level since November of last year.

    Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 83 cents, or 1.25%, to $65.67. Monday’s peak of $66.83 was also its best level since last November.

    A new round of U.S.-Sino trade talks kicked off in Washington on Tuesday with further sessions amid higher level officials expected later in the week.

    The trade dispute between the world’s two largest economies has been widely blamed for a lack of business confidence, hindering growth amid the uncertainty and taking its toll on the outlook for oil demand. The World Trade Organization warned on Tuesday that its quarterly leading indicator for global trade had slumped to its lowest reading in nine years and would likely fall further if tensions continued.

    But investors were optimistic after comments from officials that last week’s negotiations in Beijing had resulted in progress on major sticking points between the two parties.

    “The market is slowly regaining its bullish footing, subject to the perception of economic risks tied to U.S.-China trade talks," Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, said.

    In other energy trading, gasoline futures fell 0.89% to $1.5589 a gallon by 9:33 AM ET (14:33 GMT), while heating oil declined 1.29% to $1.9942 a gallon.

    Lastly, natural gas futures edged forward 0.11% to $2.628 per million British thermal unit.

    -- Reuters contributed to this report.

    Read more
  • Walmart Rises 3%

    Investing.com - Walmart (NYSE:WMT) rose by 3.42% to trade at $103.41 by 09:32 (14:32 GMT) on Tuesday on the NYSE exchange.

    The volume of Walmart shares traded since the start of the session was 2.15M. Walmart has traded in a range of $102.16 to $103.50 on the day.

    The stock has traded at $103.5100 at its highest and $95.1400 at its lowest during the past seven days.

    Read more
  • Stellar Climbs 10% As Investors Gain Confidence

    Investing.com - Stellar was trading at $0.09054 by 07:51 (12:51 GMT) on the Investing.com Index on Tuesday, up 10.09% on the day. It was the largest one-day percentage gain since December 28, 2018.

    The move upwards pushed Stellar's market cap up to $1.69827B, or 1.27% of the total cryptocurrency market cap. At its highest, Stellar's market cap was $12.12000B.

    Stellar had traded in a range of $0.08269 to $0.09054 in the previous twenty-four hours.

    Over the past seven days, Stellar has seen a rise in value, as it gained 14.37%. The volume of Stellar traded in the twenty-four hours to time of writing was $145.53248M or 0.40% of the total volume of all cryptocurrencies. It has traded in a range of $0.0749 to $0.0905 in the past 7 days.

    At its current price, Stellar is still down 90.16% from its all-time high of $0.92 set on January 3, 2018.

    Elsewhere in cryptocurrency trading

    Bitcoin was last at $3,914.5 on the Investing.com Index, up 3.79% on the day.

    Ethereum was trading at $147.27 on the Investing.com Index, a gain of 2.33%.

    Bitcoin's market cap was last at $69.06586B or 51.58% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.52954B or 11.60% of the total cryptocurrency market value.

    Read more
  • EOS Climbs 14% In Rally

    Investing.com - EOS was trading at $3.6076 by 07:21 (12:21 GMT) on the Investing.com Index on Tuesday, up 14.05% on the day. It was the largest one-day percentage gain since February 18.

    The move upwards pushed EOS's market cap up to $3.2640B, or 2.44% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

    EOS had traded in a range of $3.4675 to $3.7990 in the previous twenty-four hours.

    Over the past seven days, EOS has seen a rise in value, as it gained 28.82%. The volume of EOS traded in the twenty-four hours to time of writing was $2.3369B or 6.50% of the total volume of all cryptocurrencies. It has traded in a range of $2.7192 to $3.7990 in the past 7 days.

    At its current price, EOS is still down 84.30% from its all-time high of $22.98 set on April 29, 2018.

    Elsewhere in cryptocurrency trading

    Bitcoin was last at $3,914.0 on the Investing.com Index, up 4.39% on the day.

    Ethereum was trading at $147.65 on the Investing.com Index, a gain of 4.91%.

    Bitcoin's market cap was last at $68.8815B or 51.51% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.5279B or 11.61% of the total cryptocurrency market value.

    Read more
  • Stocks - U.S. Futures Drift Lower Amid Lull in Trade Talks

    Investing.com - U.S. stock futures pointed to a slightly lower open on Tuesday, as traders await fresh developments from the latest round of U.S.- China trade talks due to resume later in the day.

    The S&P 500 futures were down around nine points as of 6:55 AM ET (11:45 GMT), while Dow futures were off 91 points and tech-heavy Nasdaq 100 futures pointed to a drop of 20 points.

    Markets are set to re-open on Tuesday after Monday’s holiday.

    A new session of trade talks between the U.S. and China is to get underway in Washington Tuesday, with follow-up sessions at a higher level due to take place later in the week, the White House said on Monday.

    The talks follow a round of negotiations that ended in Beijing last week without a deal but which officials said had resulted in progress.

    U.S. tariffs on $200 billion in imports from China are set to rise to 25% from 10% if no deal is reached by March 1.

    In earnings, Walmart (NYSE:WMT) is one of the last notable names slated to report quarterly results, as the fourth-quarter earnings season winds down.

    The retail giant is expected to post earnings of $1.33 per share on revenue of $138.81 billion for the three months to January 31, according to analysts polled by Investing.com, when it reports before the opening bell.

    U.S. same-store sales are expected to rise 3.0% from a year earlier

    Other notable companies reporting results include, Advance Auto Parts, Medtronic (NYSE:MDT), and Herbalife (NYSE:HLF)

    In economic news, investors will be looking to the National Association of Home Builders housing market index at 10:00 AM ET (15:00 GMT).

    In commodities, gold futures advanced 0.72% to $1,331.6 a troy ounce, while crude oil was trading near three-month highs at $56.45 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.18% to 96.91.

    - Reuters contributed to this report

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  • Germany's Pessimism Lightened a Bit in February - ZEW

    Investing.com -- A closely-watched measure of Germany’s economic mood improved in February, easing concerns over the health of the euro zone\'s largest economy.

    The ZEW Center for Economic Research said that its index of German economic sentiment rose to -13.4 points this month from a reading of -15.0 in January. That\'s a tad better than the -14.1 expected by analysts ahead of time.

    However, the Current Conditions Index fell to 15.0 from 27.6, compared to expectations for a reading of 20.0.

    An index level above 0.0 notionally indicates optimism, whereas a level below 0.0 indicates pessimism. In reality, the ZEW index is more useful as a gauge of turning points in the economic mood, rather than as a measure of absolute levels.

    The forward-looking index has been improving since October, while the Current Conditions index has been trending down since January 2018. Both trends basically continued unchanged in February.

    Recent data showed that the German economy only narrowly avoided slipping into a recession at the end of last year, amid global trade conflicts, messy Brexit negotiations and the after-effects of the diesel emissions scandal on its auto sector.

    A new threat to the auto sector is now emerging: U.S. President Donald Trump is reviewing a report from Commerce Secretary Wilbur Ross that reportedly describes auto imports as a threat to U.S. national security - a classification that could pave the way for import tariffs on German cars.

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  • Dollar Rises After BoJ's Kuroda Talks Down Yen; ZEW, U.K. Jobs Data Eyed

    Investing.com -- The dollar was broadly flat against the euro and sterling in early trade in Europe Tuesday but rose against the yen after Bank of Japan Governor Haruhiko Kuroda said he was willing to take action to stop the currency rising too far.

    At 03:00 AM ET (0800 GMT), the dollar was at 110.75 yen, up from an earlier low of 110.45.

    Answering questions from lawmakers, Kuroda said the BoJ would ramp up stimulus if a sharp rise in the yen hurt the economy and made it harder to reach the bank’s 2% inflation target.

    The yen strengthened sharply at the end of last year as the collapse in risk appetite led traders to unwind carry trades funded in the Japanese currency. It had spent most of 2019 giving up those gains until turning up after last week’s shockingly weak U.S. economic data.

    In Europe, the euro has continued its rise back above $1.13 in early trading ahead of a flood of data over the next few days that will show whether the slowdown has bottomed out or is getting worse. Tuesday’s data calendar is dominated by the German ZEW sentiment index, due at 5:00 AM ET (10:00 GMT).

    The dollar index, which measures the greenback against a basket of currencies, weakened as the euro rose, and was at 96.672 by 3:40 AM ET (8:40 GMT).

    The British pound was little changed at $1.2929, ahead of the monthly monthly jobs report from the Office for National Statistics, due at 4:30 AM (9:30 GMT).

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  • HSBC’s 2018 Profit Rises 16% But Misses Estimates

    Investing.com - HSBC Holdings (LON:HSBA), Europe’s largest bank, reported on Tuesday that its 2018 net profit came in below expectations.

    Reported pre-tax profit was $19.89 billion, up 15.9% from a year ago, the bank said in a statement. It was expected to record a 23.8% jump in pre-tax profit to $21.26 billion for the year.

    The core capital ratio, a key measure of financial strength, fell to 14% at end-December from 14.5% at the end of 2017, HSBC said in the statement. The fall was mainly due to adverse foreign exchange movements, it noted.

    The bank’s annual dividend remained unchanged from the year before at $0.51 per share.

    "First of all, from the revenue side. I'm a little bit concerned about capital markets because, as we all know, in last year's fourth-quarter, sentiment and market conditions were not so good. So, capital markets or global markets as it's called in HSBC, the revenue may be under pressure," Kenny Wen, wealth management strategist at Hong Kong-based financial services firm Everbright Sun Hung Kai, told CNBC.

    Hong Kong-listed shares in the bank dropped 2.3% by 12:30 AM ET (05:30 GMT) following the release of the results.

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  • Netherlands stocks higher at close of trade; AEX up 0.00%

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

    At the close in Amsterdam, the AEX added 0.00% to hit a new 3-months high.

    The best performers of the session on the AEX were Altice NV (AS:ATCA), which rose 4.54% or 0.08 points to trade at 1.89 at the close. Meanwhile, Akzo Nobel NV (AS:AKZO) added 2.98% or 2.42 points to end at 83.50 and Koninklijke DSM NV (AS:DSMN) was up 2.10% or 1.98 points to 96.38 in late trade.

    The worst performers of the session were Relx PLC (AS:REL), which fell 1.45% or 0.285 points to trade at 19.310 at the close. ASR Nederland NV (AS:ASRNL) declined 1.26% or 0.48 points to end at 37.74 and Randstad NV (AS:RAND) was down 1.11% or 0.52 points to 46.30.

    Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 76 to 44 and 14 ended unchanged.

    Shares in Akzo Nobel NV (AS:AKZO) rose to all time highs; rising 2.98% or 2.42 to 83.50. Shares in Koninklijke DSM NV (AS:DSMN) rose to all time highs; rising 2.10% or 1.98 to 96.38.

    The AEX Volatility, which measures the implied volatility of AEX options, was up 2.40% to 13.61.

    Crude oil for April delivery was up 0.88% or 0.49 to $56.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.33% or 0.22 to hit $66.47 a barrel, while the April Gold Futures contract rose 0.15% or 2.00 to trade at $1329.70 a troy ounce.

    EUR/USD was up 0.16% to 1.1312, while EUR/GBP fell 0.06% to 0.8749.

    The US Dollar Index Futures was down 0.12% at 96.620.

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  • U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.30%

    Investing.com – U.K. stocks were lower after the close on Monday, as losses in the Tobacco, Pharmaceuticals&Biotech and General Industrial sectors led shares lower.

    At the close in London, the Investing.com United Kingdom 100 fell 0.30%.

    The best performers of the session on the Investing.com United Kingdom 100 were Reckitt Benckiser Group PLC (LON:RB), which rose 4.64% or 279.00 points to trade at 6296.00 at the close. Meanwhile, Micro Focus International PLC (LON:MCRO) added 4.08% or 68.50 points to end at 1748.50 and Next PLC (LON:NXT) was up 2.84% or 134.00 points to 4858.00 in late trade.

    The worst performers of the session were Old Mutual Ltd (LON:OMU), which fell 2.72% or 3.48 points to trade at 124.52 at the close. Hikma Pharmaceuticals PLC (LON:HIK) declined 2.30% or 40.50 points to end at 1718.50 and International Consolidated Airlines Group S.A. (LON:ICAG) was down 2.11% or 14.00 points to 649.80.

    Rising stocks outnumbered declining ones on the London Stock Exchange by 1186 to 851 and 349 ended unchanged.

    Gold Futures for April delivery was up 0.15% or 2.00 to $1329.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.88% or 0.49 to hit $56.47 a barrel, while the April Brent oil contract rose 0.38% or 0.25 to trade at $66.50 a barrel.

    GBP/USD was up 0.30% to 1.2928, while EUR/GBP fell 0.05% to 0.8750.

    The US Dollar Index Futures was down 0.12% at 96.620.

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  • Germany stocks mixed at close of trade; DAX down 0.01%

    Investing.com – Germany stocks were mixed after the close on Monday, as gains in the Software, Media and Retail sectors led shares higher while losses in the Transportation&Logistics, Technology and Insurance sectors led shares lower.

    At the close in Frankfurt, the DAX lost 0.01%, while the MDAX index climbed 0.57%, and the TecDAX index climbed 1.48%.

    The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 15.19% or 15.175 points to trade at 115.075 at the close. Meanwhile, Henkel&Co KGaA AG Pref (DE:HNKG_p) added 1.59% or 1.38 points to end at 88.28 and Deutsche Telekom AG Na (DE:DTEGn) was up 0.84% or 0.120 points to 14.380 in late trade.

    The worst performers of the session were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 2.39% or 0.640 points to trade at 26.110 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 1.70% or 0.225 points to end at 13.035 and Deutsche Lufthansa AG (DE:LHAG) was down 1.34% or 0.300 points to 22.070.

    The top performers on the MDAX were Puma SE (DE:PUMG) which rose 3.62% to 458.50, Zalando SE (DE:ZALG) which was up 3.21% to settle at 26.98 and GEA Group AG (DE:G1AG) which gained 3.12% to close at 21.150.

    The worst performers were Schaeffler AG Pref (DE:SHA_p) which was down 1.90% to 7.74 in late trade, Osram Licht AG (DE:OSRn) which lost 1.68% to settle at 40.46 and Wacker Chemie O.N. (DE:WCHG) which was down 1.07% to 90.44 at the close.

    The top performers on the TecDAX were Tele Columbus AG (DE:TC1n) which rose 8.45% to 2.02, Hapag Lloyd AG (DE:HLAG) which was up 6.69% to settle at 26.4600 and Xing AG (DE:OBCGn) which gained 5.94% to close at 285.50.

    The worst performers were Kloeckner&Co SE NA (DE:KCOGn) which was down 6.04% to 6.2200 in late trade, VTG AG O.N. (DE:VT9G) which lost 2.49% to settle at 51.000 and Dr. Hoenle AG O.N. (DE:HNLG) which was down 1.47% to 53.600 at the close.

    Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 400 to 307 and 72 ended unchanged.

    Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to 3-years lows; losing 1.70% or 0.225 to 13.035.

    The DAX volatility index, which measures the implied volatility of DAX options, was up 0.89% to 17.10.

    Gold Futures for April delivery was up 0.15% or 2.00 to $1329.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.88% or 0.49 to hit $56.47 a barrel, while the April Brent oil contract rose 0.38% or 0.25 to trade at $66.50 a barrel.

    EUR/USD was up 0.16% to 1.1312, while EUR/GBP fell 0.05% to 0.8750.

    The US Dollar Index Futures was down 0.12% at 96.620.

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  • Norway stocks higher at close of trade; Oslo OBX up 0.07%

    Investing.com – Norway stocks were higher after the close on Monday, as gains in the Pharma Biotech&Life Sciences, Capital Goods and Auto&components sectors led shares higher.

    At the close in Oslo, the Oslo OBX rose 0.07% to hit a new 1-month high.

    The best performers of the session on the Oslo OBX were P/f Bakkafrost (OL:BAKKA), which rose 4.18% or 19.00 points to trade at 473.40 at the close. Meanwhile, Grieg Seafood (OL:GSFO) added 3.04% or 3.50 points to end at 118.60 and BW Offshore Ltd (OL:BWO) was up 2.36% or 1.100 points to 47.700 in late trade.

    The worst performers of the session were Norwegian Air Shuttle ASA (OL:NWC), which fell 4.46% or 4.34 points to trade at 93.00 at the close. Nel ASA (OL:NEL) declined 1.77% or 0.100 points to end at 5.265 and TGS-NOPEC Geophysical Company ASA (OL:TGS) was down 1.56% or 4.0 points to 251.6.

    Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 106 to 86 and 26 ended unchanged.

    Shares in Norwegian Air Shuttle ASA (OL:NWC) fell to 5-year lows; down 4.46% or 4.34 to 93.00.

    Crude oil for April delivery was up 0.88% or 0.49 to $56.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.33% or 0.22 to hit $66.47 a barrel, while the April Gold Futures contract rose 0.15% or 2.00 to trade at $1329.70 a troy ounce.

    EUR/NOK was down 0.10% to 9.7332, while USD/NOK fell 0.30% to 8.6066.

    The US Dollar Index Futures was down 0.12% at 96.620.

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  • Litecoin Climbs 10% As Investors Gain Confidence

    Investing.com - Litecoin was trading at $47.913 by 11:35 (16:35 GMT) on the Investing.com Index on Monday, up 10.04% on the day. It was the largest one-day percentage gain since February 8.

    The move upwards pushed Litecoin's market cap up to $2.869B, or 2.17% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B.

    Litecoin had traded in a range of $43.798 to $47.913 in the previous twenty-four hours.

    Over the past seven days, Litecoin has seen a rise in value, as it gained 8.55%. The volume of Litecoin traded in the twenty-four hours to time of writing was $1.328B or 4.28% of the total volume of all cryptocurrencies. It has traded in a range of $40.7214 to $47.9127 in the past 7 days.

    At its current price, Litecoin is still down 88.59% from its all-time high of $420.00 set on December 12, 2017.

    Elsewhere in cryptocurrency trading

    Bitcoin was last at $3,874.1 on the Investing.com Index, up 6.58% on the day.

    Ethereum was trading at $147.12 on the Investing.com Index, a gain of 13.70%.

    Bitcoin's market cap was last at $68.310B or 51.74% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.455B or 11.71% of the total cryptocurrency market value.

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  • Turkey stocks lower at close of trade; BIST 100 down 0.96%

    Investing.com – Turkey stocks were lower after the close on Monday, as losses in the Transport, Banking and Tourism sectors led shares lower.

    At the close in Istanbul, the BIST 100 fell 0.96%.

    The best performers of the session on the BIST 100 were Aksa Enerji Uretim AS (IS:AKSEN), which rose 5.13% or 0.140 points to trade at 2.870 at the close. Meanwhile, Tofas Turk Otomobil Fabrikasi AS (IS:TOASO) added 4.63% or 0.88 points to end at 19.90 and Galatasaray Sportif Sinai ve Ticari Yatirimlar AS (IS:GSRAY) was up 4.03% or 0.06 points to 1.55 in late trade.

    The worst performers of the session were Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IS:IPEKE), which fell 9.11% or 0.480 points to trade at 4.790 at the close. Koza Anadolu Metal Madencilik Isletmeleri AS (IS:KOZAA) declined 7.71% or 0.450 points to end at 5.390 and Koza Altin Isletmeleri AS (IS:KOZAL) was down 5.52% or 2.81 points to 48.14.

    Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 195 to 162 and 49 ended unchanged.

    Gold Futures for April delivery was up 0.10% or 1.35 to $1329.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.59% or 0.33 to hit $56.31 a barrel, while the April Brent oil contract rose 0.29% or 0.19 to trade at $66.44 a barrel.

    USD/TRY was up 0.72% to 5.3084, while EUR/TRY rose 0.92% to 6.0027.

    The US Dollar Index Futures was down 0.10% at 96.640.

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  • Oil Prices Hit 2019 High as Market Tightening Spurs 20% Recovery

    Investing.com - Oil prices hit their highest levels in three months on Monday on evidence of supply reductions and on hopes that the U.S. and China may resolve their trade dispute.

    A truce in that trade war would could support global demand and contribute to a broad market rebalancing,

    New York-traded West Texas Intermediate crude futures rose 35 cents, or 0.63%, at $56.33 a barrel by 9:34 AM ET (14:34 GMT). That was off the intraday peak of $56.73, its highest level since November of last year.

    Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up 3 cents, or 0.05%, to $66.28. The intraday high of $66.84 was also a three-month high.

    Fears of a fresh glut on world markets have receded as data showing broad compliance within OPEC for its agreement (with other major producers) to cut output at the end of last year. Figures have shown that Saudi Arabia, the bloc's de facto leader, had delivered its promised cuts, giving credibility to oil minister Khalid al-Falih's subsequent promise to cut even more.

    OPEC and a group of 10 producers outside the cartel, led by Russia had agreed to collectively cut production by a total of 1.2 million barrels per day during the first six months of 2019. However, there have also been signs that Russia, the other key signatory to the OPEC deal, hasn't cut as promised - something that has prompted questions as to whether the deal can hold.

    “OPEC production cuts and U.S. sanctions on both Iran and Venezuela are limiting supply,” said Jasper Lawler, head of research at London Capital Group.

    On the demand side, U.S. President Donald Trump also boosted confidence after saying over the weekend that talks with China are “going extremely well,” and that Washington is closer than ever before to “having a real trade deal."

    Trump added that he would remove tariffs if the two sides could reach an agreement.

    “Trade tensions which have weighed on global growth are showing signs of easing, boosting sentiment across markets and lifting oil demand prospects," Lawler explained.

    Consultancy JBC Energy commented in a note that its calculations “do tell us that we are looking at the tightest (first half) crude balance in many years and, as such, a certain degree of price support does simply make sense for the time being.”

    PVM Oil Associates analyst Tamas Varga warned that there are still many pending uncertainties that could have a negative impact on oil prices.

    “Latest available data, however, point in the direction of a tightening market. It is not recommended to swim against the current and presently the 'oil' river is flowing north,”

    In other energy trading, gasoline futures fell 0.18% to $1.5700 a gallon by 9:44 AM ET (14:44 GMT), while heating oil slipped 0.06% to $2.0191 a gallon.

    Lastly, natural gas futures traded up 0.38% to $2.635 per million British thermal unit.

    -- Reuters contributed to this report.

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  • Gold Prices Rise Towards Fresh 10-Month High as Dollar Slips

    Investing.com - Gold prices edged higher on Monday, rising towards their best level since April as the U.S. dollar weakened on hopes the U.S. and China would hammer out an agreement resolving their protracted trade war.

    Comex gold futures were up $2.25, or around 0.2%, at $1,329.95 a troy ounce by 8:40AM ET (13:40 GMT), not far from a 10-month high of $1,331.10.

    Meanwhile, spot gold was trading at $1,326.91 per ounce, up $5.50, or roughly 0.4%.

    There will be no floor trading on the Comex on Monday because of Washington's Birthday, more widely known as Presidents Day. All electronic transactions will be booked with Tuesday's trades for settlement.

    The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, dipped 0.2% to 96.54, well off a 2019 high of 97.23 reached on Friday.

    Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

    Markets will be keeping abreast of the next round of trade discussions between the U.S. and China in Washington this week, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods by March 1.

    U.S. tariffs on $200 billion in imports from China are set to rise to 25% from 10% if no deal is reached by March 1, but U.S. President Donald Trump said that he may extend the deadline if the two sides were close to an agreement.

    Investors will also focus on the release of the minutes from the Federal Reserve's last meeting, due on Wednesday, for further insight into the outlook for monetary policy in the months ahead.

    After the Fed hiked rates four times in 2018, investors now expect the U.S. central bank to halt its monetary tightening policy this year as risks to the U.S. economy mount.

    "Looser monetary policies are generally favorable to gold, which has benefited since the Fed paused its tightening path," said Nicholas Frappell, global general manager, ABC Bullion.

    In other metals trading, silver futures tacked on 6.9 cents, or about 0.4%, to trade at $15.81 a troy ounce.

    Meanwhile, palladium futures jumped 1.6% to reach an all-time high of $1,430.45 an ounce.

    "In combination with supply-side issues, the market is going to be in a sizeable deficit this year ... potential for better-than-expected demand from China will exacerbate that tightness," said ANZ analyst Daniel Hynes.

    -- Reuters contributed to this report

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  • Top 5 Things to Know in The Market on Monday

    Investing.com - Here are the top five things you need to know in financial markets on Monday, February 18:

    1. U.S.-China Trade Talks Continue in Washington

    Markets will be keeping abreast of the next round of trade discussions between the U.S. and China in Washington, as the two sides race to reach a deal that would avert a tariff increase on imports of Chinese goods by March 1.

    U.S. Trade Representative Robert Lighthizer and China’s vice premier and chief trade negotiator, Liu He, will lead the next round of talks scheduled for this week.

    Both sides reported progress in five days of negotiations in Beijing last week, but the White House said much work remains to be done in order to reach a deal.

    U.S. tariffs on $200 billion in imports from China are set to rise to 25% from 10% if no deal is reached by March 1, but U.S. President Donald Trump said that he may extend the deadline if the two sides were close an agreement.

    2. Commerce Submits Auto Tariff Recommendation to Trump

    Investors were also watching for more information on a Commerce Department probe on whether to impose tariffs of up to 25% on imported vehicles and auto parts on national-security grounds.

    The report was submitted to the White House on Sunday. Trump now has 90 days to decide whether to act upon the recommendations.

    The probe is the result of an investigation started by the Commerce Department in May 2018 at Trump's request. Known as a Section 232 investigation, the probe's purpose is to determine the effects of imports on national security.

    3. U.S. Markets Closed for Washington's Birthday

    U.S. financial markets are closed for Washington's Birthday, more widely known as Presidents Day. In observance of the holiday, there will be no trading on the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite indexes.

    Fixed-income markets will also be closed, which means no trading in the 10-year Treasury note.

    Meanwhile, the CME Group’s Globex, which operates options and futures exchanges, will have only partial disruptions to its normal schedule. According to the company, its crude oil and energy markets will close at 1:00PM ET (18:00 GMT).

    Other global markets will operate on a normal schedule.

    Currency markets are also operating as usual.

    4. Global Stocks Mixed

    World stocks were mixed, as market participants continued to monitor trade talks between the world's two largest economies.

    Asian stock markets closed mostly in positive territory. Shanghai blue chips surged 2.7% to their highest finish in more than six months, while Tokyo's Nikkei climbed 1.8% to reach its highest level so far this year.

    Elsewhere, European stocks were mostly lower in choppy trade, struggling to build on the four-month high they hit on Friday, due in part to the threat of President Donald Trump levying tariffs against European automakers.

    Among national indexes, Germany's DAX and Britain's FTSE 100 were both down by about 0.2% at 5:25AM ET (10:25 GMT).

    5. Oil Prices Hit 2019 Highs

    In commodities, oil prices climbed to their highest level for the year so far, supported by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran, which have helped tighten the market.

    Crude futures were also generally supported by hopes that the U.S. and China would soon resolve their trade disputes, which have dragged on global economic growth.

    U.S. West Texas Intermediate crude oil futures rose 21 cents, or around 0.4%, to $56.19 per barrel. It earlier rose to its strongest level since Nov. 20 at $56.66.

    International Brent crude oil futures also rose to their highest since November, at $66.84 per barrel, before pulling back to $65.98, down 27 cents, or 0.4%.

    -- Reuters contributed to this report

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  • Japan stocks higher at close of trade; Nikkei 225 up 1.82%

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

    At the close in Tokyo, the Nikkei 225 rose 1.82% to hit a new 1-month high.

    The best performers of the session on the Nikkei 225 were Yaskawa Electric Corp. (T:6506), which rose 6.01% or 185.0 points to trade at 3265.0 at the close. Meanwhile, Mitsui Engineering&Shipbuilding (T:7003) added 5.40% or 62.0 points to end at 1211.0 and Asahi Kasei Corp. (T:3407) was up 5.26% or 58.5 points to 1171.5 in late trade.

    The worst performers of the session were Olympus Corp. (T:7733), which fell 1.55% or 75.0 points to trade at 4775.0 at the close. Sojitz Corp. (T:2768) declined 0.95% or 4.0 points to end at 418.0 and Taiyo Yuden Co., Ltd. (T:6976) was down 0.75% or 18.0 points to 2384.0.

    Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2924 to 637 and 147 ended unchanged.

    The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 4.84% to 18.64.

    Crude oil for April delivery was up 1.02% or 0.57 to $56.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.56% or 0.37 to hit $66.62 a barrel, while the April Gold Futures contract fell 0.18% or 2.35 to trade at $1325.35 a troy ounce.

    USD/JPY was up 0.10% to 110.59, while EUR/JPY rose 0.21% to 124.95.

    The US Dollar Index Futures was down 0.04% at 96.703.

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  • Dollar Edges Back as Hopes for Trade Deal Rise

    Investing.com -- Foreign exchange markets got off to a slow start Monday, with trading set to remain subdued due to a sparse data calendar in Europe and public holidays in North America.

    The dollar has retreated slightly over the weekend amid hopes that the U.S. and China will find a way to de-escalate their trade war. Such hopes were the main driver of a rally in Asian stock markets overnight, with the Nikkei 225 and Hang Seng indices both rising over 1.5%, while mainland Chinese stocks gained even more.

    Commodity prices, too, have rallied overnight, with crude oil touching its highest level since November.

    Officials from China and the U.S. are due to continue talks this week in Washington DC.

    At 03:00 AM ET (0800 GMT), the dollar index was at 96.71, down nearly 0.5% from the new high for 2019 that it hit last week. It was supported by the buck rising against the yen, as the world’s cheapest funding currency suffered most from the return of animal spirits. The USD/JPY pair rose to 110.61.

    The euro was back above $1.13, up nearly half a cent from the low it hit on Friday when European Central Bank board member Benoit Coeure said the euro-zone economy’s slowdown had been deeper and broader than the ECB first thought.

    Marc Ostwald, global strategist and chief economist with ADM ISI in London, said in a note to clients that markets are balanced between the “ostensibly positive aspect of central banks stepping back from, or pushing back on policy tightening narratives,” given the weakening growth outlook, and the risk of further financial repression, and its baggage of negative interest rates and crushed credit premiums.

    The British pound was weaker against the dollar but was holding up against the euro after the EU’s securities regulator ESMA said it would issue temporary licenses to U.K.-based clearing houses in the event of a ‘no-deal’ Brexit. That means EU-based clients would still be able to clear trades through London in the short term, reducing the risk of financial volatility. Cable was at $1.2902.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like). Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32. The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from "de Finibus Bonorum et Malorum" by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham. There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.