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uBanker Blog

  • Dollar pushes lower as market sentiment wanes

    Investing.com - The dollar pushed lower against the other major currencies on Friday, as investors remained cautious following a terrorist attack in Spain and as U.S. political tensions continued to dampen demand for the greenback.

    Sentiment on the greenback remained vulnerable after eight chief executives quit two business advisory councils on Wednesday, in protest over U.S. President Donald Trump’s controversial remarks on weekend violence in Virginia.

    The U.S. President reacted to the departures by disbanding the councils – the American Manufacturing Council and the Strategic and Policy Forum.

    White House Economic Adviser Gary Cohn denied rumors of his possible departure late Thursday. However, growing opposition to Trump’s positions, including from within his own party, have fueled concerns over the administration’s ability to implement its political agenda.

    The dollar was also under pressure after the minutes of the Federal Reserve’s July policy meeting released on Wednesday showed that members of the central bank remain divided over the need to raise interest rates further this year, citing low inflation.

    The yen and Swiss franc were higher, with USD/JPY down 0.48% at 109.05 and with USD/CHF slid 0.25% to trade at 0.9607.

    Demand for the safe-haven currencies strengthened after a van rammed into pedestrians in a crowded tourist area of Barcelona on Thursday evening, killing at least 13 people and injuring 100 others.

    The Islamic State claimed responsibility for the incident. S

    Shortly after, a second attack was perpetrated in Cambrils, a coastal town south of Barcelona, where police said they killed five attackers.

    EUR/USD rose 0.30% to 1.1759, off the previous session’s three-week low of 1.1662, while GBP/USD gained 0.26% to 1.2901.

    The Australian and New Zealand dollars were stronger, with AUD/USD up 0.49% at 0.7924 and with NZD/USD climbing 0.58% to 0.7325.

    Meanwhile, USD/CAD shed 0.28% to trade at 1.2644.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.27% at 93.39.

    Read more
  • Japan stocks lower at close of trade; Nikkei 225 down 1.18%

    Investing.com – Japan stocks were lower after the close on Friday, as losses in the Trading, Marine Transport and Mining sectors led shares lower.

    At the close in Tokyo, the Nikkei 225 fell 1.18% to hit a new 3-months low.

    The best performers of the session on the Nikkei 225 were Asahi Group Holdings, Ltd. (T:2502), which rose 1.56% or 72.0 points to trade at 4676.0 at the close. Meanwhile, Unitika, Ltd. (T:3103) added 1.22% or 1.0 points to end at 83.0 and Nippon Sheet Glass Co., Ltd. (T:5202) was up 1.08% or 9.0 points to 839.0 in late trade.

    The worst performers of the session were Fujikura Ltd. (T:5803), which fell 3.98% or 37.0 points to trade at 893.0 at the close. Mitsubishi Electric Corp. (T:6503) declined 3.69% or 63.0 points to end at 1643.0 and NKSJ Holdings, Inc. (T:8630) was down 3.35% or 145.0 points to 4180.0.

    Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2613 to 639 and 213 ended unchanged.

    The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.41% to 14.98.

    Crude oil for September delivery was up 0.30% or 0.14 to $47.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.20% or 0.10 to hit $51.13 a barrel, while the December Gold Futures contract rose 0.50% or 6.42 to trade at $1298.82 a troy ounce.

    USD/JPY was down 0.45% to 109.09, while EUR/JPY fell 0.30% to 128.06.

    The US Dollar Index Futures was down 0.20% at 93.45.

    Read more
  • Gold prices move higher in risk-off trade

    Investing.com - Gold prices moved higher on Friday, hovering close to a recent two-month peak, after a terrorist attack in Spain boosted demand for safe-haven assets.

    Comex gold futures were up around $1.95, or about 0.14%, to $1,293.12 a troy ounce by 3:00AM ET (0700GMT), not far from a two-month high of $1,298.10 reached late last week.

    The precious mental found support after a van rammed into pedestrians in a crowded tourist area of Barcelona on Thursday evening, killing at least 13 people and injuring 100 others.

    The Islamic State claimed responsibility for the incident. Spanish police said that two men had been arrested so far.

    Gold prices were also boosted by a weaker U.S. dollar, after eight chief executives quit two business advisory councils on Wednesday in protest over U.S. President Donald Trump’s controversial remarks on weekend violence in Virginia.

    The U.S. President reacted to the departures by disbanding the councils – the American Manufacturing Council and the Strategic and Policy Forum.

    White House Economic Adviser Gary Cohn denied rumors of his possible departure late Thursday. However, growing opposition to Trump’s positions, including from within his own party, have fueled concerns over the administration’s ability to implement its political agenda.

    The dollar also remained under pressure after the minutes of the Fed’s July policy meeting released on Wednesday showed that members of the central bank remain divided over the need to raise interest rates further this year, citing low inflation.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.11% at 93.54.

    The precious metal is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of increases.

    Elsewhere on the Comex, silver futures slipped 0.2 cents, or around 0.13%, to $17.03 a troy ounce.

    Read more
  • Taiwan stocks lower at close of trade; Taiwan Weighted down 0.46%

    Investing.com – Taiwan stocks were lower after the close on Friday, as losses in the , Glass and Paper&Pulp sectors led shares lower.

    At the close in Taiwan, the Taiwan Weighted declined 0.46%.

    The best performers of the session on the Taiwan Weighted were Young Optics Inc (TW:3504), which rose 10.00% or 5.00 points to trade at 55.00 at the close. Meanwhile, Sesoda Corp (TW:1708) added 9.95% or 2.85 points to end at 31.50 and Sun Race Sturmey-Archer Inc (TW:1526) was up 9.93% or 3.00 points to 33.20 in late trade.

    The worst performers of the session were Green Seal Holding Ltd (TW:1262), which fell 7.91% or 6.80 points to trade at 79.20 at the close. Hiyes International Co Ltd (TW:2348) declined 6.37% or 2.05 points to end at 30.15 and Taimide Tech Inc (TW:3645) was down 5.95% or 2.70 points to 42.70.

    Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 526 to 260 and 91 ended unchanged.

    Shares in Young Optics Inc (TW:3504) rose to 52-week highs; up 10.00% or 5.00 to 55.00. Shares in Sesoda Corp (TW:1708) rose to 52-week highs; gaining 9.95% or 2.85 to 31.50. Shares in Sun Race Sturmey-Archer Inc (TW:1526) rose to all time highs; rising 9.93% or 3.00 to 33.20.

    Crude oil for September delivery was unchanged 0.00% or 0.00 to $47.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.04% or 0.02 to hit $51.05 a barrel, while the December Gold Futures contract rose 0.14% or 1.87 to trade at $1294.27 a troy ounce.

    USD/TWD was up 0.09% to 30.335, while TWD/CNY rose 0.14% to 0.2209.

    The US Dollar Index Futures was down 0.16% at 93.49.

    Read more
  • Australia stocks lower at close of trade; S&P/ASX 200 down 0.51%

    Investing.com – Australia stocks were lower after the close on Friday, as losses in the Metals&Mining, Financials and Industrials sectors led shares lower.

    At the close in Sydney, the S&P/ASX 200 fell 0.51%.

    The best performers of the session on the S&P/ASX 200 were Tatts Group Ltd (AX:TTS), which rose 4.23% or 0.170 points to trade at 4.190 at the close. Meanwhile, Tabcorp Holdings Ltd (AX:TAH) added 4.12% or 0.170 points to end at 4.300 and Treasury Wine Estates Ltd (AX:TWE) was up 3.40% or 0.440 points to 13.400 in late trade.

    The worst performers of the session were IPH Ltd (AX:IPH), which fell 3.44% or 0.160 points to trade at 4.490 at the close. Iress Ltd (AX:IRE) declined 3.52% or 0.435 points to end at 11.935 and Qbe Insurance Group Ltd (AX:QBE) was down 3.40% or 0.380 points to 10.790.

    Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 621 to 493 and 380 ended unchanged.

    The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.87% to 13.898.

    Gold Futures for December delivery was down 0.00% or 0.06 to $1292.34 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.08% or 0.04 to hit $47.05 a barrel, while the October Brent oil contract fell 0.12% or 0.06 to trade at $50.97 a barrel.

    AUD/USD was up 0.10% to 0.7894, while AUD/JPY fell 0.08% to 86.34.

    The US Dollar Index Futures was down 0.09% at 93.56.

    Read more
  • Asian shares down across the board on U.S. jitters

    Investing.com - Asian shares fell across the board on Friday, taking a cue from a nervous Wall Street as political woes for President Donald Trump imperil his tax cut and infrastructure spending plans.

    Japan's Nikkei 225 dropped 1.10%, while South Korea's Kopsi edged down 0.21%.

    Other markets in Asia fell with the S&P/ASX 200 fell 0.72%. In China, the Shanghai Composite dipped 0.20% an the Hong Kong Hang Seng index eased 0.71. In China, data on house prices for July showed a 9.7% rise, compared with a 10.2% gain posted in June.

    Wynn Macau saw its stock fall 2.23% after Hong Kong-listed subsidiary of Wynn resorts reported a profit of HKD 1.59 billion (USD 203.47 million) for the first half of the year, above the HKD 1.1 billion recorded for the same period a year ago.

    Overnight, U.S. stocks closed lower on Thursday, as the recent controversies engulfing U.S. President Donald Trump raised concerns that his pro-growth policies could be delayed, offsetting upbeat reports indicating the economy continued to strengthen.

    U.S. stocks pared early session gains, as rumours swirled that National Economic Council Chairman Gary Cohn was set to resign, over the president’s failure to denounce white supremacist violence in Charlottesville over the weekend.

    A White official, however, quashed the rumours, saying Cohn “is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false.”

    Losses in U.S. stocks continued, as traders questioned whether the recent backlash that led to end of the White House council on manufacturing and the Strategic and Policy reform, would deter members of Congress from working with the President to introduce his pro-growth policies.

    The political upheaval in Washington overshadowed initial jobs and manufacturing data that topped forecasts.

    Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 232,000 for the week ended Aug. 12, the Labor Department said. That beat economists’ forecasts of a just 4,000 decline.

    On the manufacturing front, the Federal Reserve bank of Philadelphia said that its Philly Fed manufacturing index rose to a seasonally adjusted 18.9 for August, compared with consensus estimates of 18.5.

    On the corporate earnings front, better-than-expected earnings from Wal-Mart Stores Inc (NYSE:NYSE:WMT) and Alibaba (NYSE:BABA) Group Holdings Ltd (NYSE:BABA) failed to lift sentiment on the broader market, as the latter’s share price rose nearly 3% on the day.

    The Dow Jones Industrial Average closed lower at 21,750. The S&P 500 closed 1.54% lower while the Nasdaq Composite closed at 6221.91, down 1.94%.

    Read more
  • Gold drifts higher in Asia as India-China spat in focus

    Investing.com - Gold drifted slightly higher in Asia with some attention shifting to a tense Himalayan standoff between India and China who fought a brief, but bloody border war over the territory in 1962.

    Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.02% to $1.292.57 a troy ounce.

    India and China, the world's top two gold buyers, started a standoff two months ago when Indian troops confronted Chinese forces working on a road over the Doklam Plateau, a strategically important area near where Tibet, India and Bhutan meet, and which both China and Bhutan – an ally of India – claim as their own.

    Overnight, gold prices traded near session highs on Thursday after the minutes of the Federal Reserve’s July meeting showed members were concerned about raising interest rates amid a slowdown in inflation, narrowing investor expectations for a third rate hike later this year.

    The minutes of the Fed's July 25-26 policy meeting on Wednesday, showed some policymakers believed the Fed could afford to stand pat on further rate increases until it is clear the trend of soft inflation is transitory.

    The somewhat dovish minutes, dampened investor expectations of third rate hike later this year, underpinning a move higher in gold futures.

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

    Gold futures, however, struggled to breach $1,300 as initial jobless claims and manufacturing data topped forecasts, lifting sentiment on the strength of the U.S. economy.

    Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 232,000 for the week ended Aug. 12, the Labor Department said. That beat economists’ forecasts of a just 4,000 decline.

    In a separate report, the Federal Reserve bank of Philadelphia said that its Philly Fed manufacturing index rose to a seasonally adjusted 18.9 for August, compared with consensus estimates of 18.5.

    The upbeat economic reports lifted the dollar against its rivals, capping gains in dollar-denominated commodities.

    Read more
  • Yen gains in early Asia, China house prices data ahead

    Investing.com - The yen gained in early Asia on Friday in a light regional data day ahead.

    USD/JPY changed hands at 109.47, down 0.10%, while AUD/USD traded at 0.7886, flat ahead of china housing figures that indicate demand for raw materials. In China, data on house prices for July is due with a 10.2% gain posted in June.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.25% to 93.64.

    Overnight, the dollar traded higher against a basket of global currencies on Thursday, as the White House quashed rumours that National Economic Council Chairman Gary Cohn was set to resign while upbeat jobs and manufacturing data lifted sentiment.

    The dollar resumed its climb after paring earlier gains, as a White House official said Cohn “is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false,” following a tweet sent from an unverified news account suggesting that Cohn was set to resign.

    Also adding to positive sentiment on the greenback were a pair of upbeat economic reports on initial jobless claims and manufacturing activity, suggesting the U.S. economy is on track for solid third-quarter growth.

    Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 232,000 for the week ended Aug. 12, the Labor Department said. That beat economists’ forecasts of a just 4,000 decline.

    On the manufacturing front, the Federal Reserve bank of Philadelphia said that its Philly Fed manufacturing index rose to a seasonally adjusted 18.9 for August, compared with consensus estimates of 18.5.

    The rebound in the dollar came after it slumped to session lows on Wednesday, as sentiment on a third rate hike later this year soured, after the minutes from the Federal Reserve’s July policy meeting indicated Fed members were divided on the outlook for inflation and monetary policy tightening.

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

    Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Mining, Food&Beverages and Banking&Financials sectors led shares lower.

    At the close in Lima, the S&P Lima General declined 0.59%.

    The best performers of the session on the S&P Lima General were Candente Copper (LM:DNT), which rose 59.62% or 0.0310 points to trade at 0.0830 at the close. Meanwhile, Minera Irl (LM:IRL) added 7.58% or 0.01 points to end at 0.07 and Volcan Compania Minera SAA (LM:VOLa) was up 5.88% or 0.100 points to 1.800 in late trade.

    The worst performers of the session were Austral Group SAA (LM:AUG), which fell 10.07% or 0.150 points to trade at 1.340 at the close. Trevali Mining (LM:TV) declined 5.17% or 0.060 points to end at 1.100 and Southern Copper Corp (LM:SPC) was down 2.45% or 0.98 points to 39.02.

    Rising stocks outnumbered declining ones on the Lima Stock Exchange by 16 to 13 and 11 ended unchanged.

    Crude oil for September delivery was up 0.34% or 0.16 to $46.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.02% or 0.01 to hit $50.85 a barrel, while the December Gold Futures contract rose 0.78% or 9.96 to trade at $1292.86 a troy ounce.

    USD/PEN was unchanged 0.00% to 3.2425, while EUR/PEN unchanged 0.00% to 3.8079.

    The US Dollar Index Futures was up 0.25% at 93.64.

    Read more
  • Brazil stocks lower at close of trade; Bovespa down 0.90%

    Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Financials, Real Estate and Industrials sectors led shares lower.

    At the close in Sao Paulo, the Bovespa lost 0.90%.

    The best performers of the session on the Bovespa were Estacio Participacoes SA (SA:ESTC3), which rose 3.08% or 0.65 points to trade at 21.77 at the close. Meanwhile, Qualicorp SA (SA:QUAL3) added 2.70% or 0.90 points to end at 34.20 and Lojas Americanas SA (SA:LAME4) was up 1.76% or 0.29 points to 16.81 in late trade.

    The worst performers of the session were JBS SA (SA:JBSS3), which fell 4.14% or 0.36 points to trade at 8.34 at the close. Banco Santander Brasil SA Unit (SA:SANB11) declined 2.92% or 0.81 points to end at 26.95 and Centrais Eletricas Brasileiras SA (SA:ELET6) was down 2.91% or 0.52 points to 17.37.

    Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 257 to 109 and 33 ended unchanged.

    Shares in Estacio Participacoes SA (SA:ESTC3) rose to 52-week highs; rising 3.08% or 0.65 to 21.77.

    The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 5.66% to 25.21.

    Gold Futures for December delivery was up 0.79% or 10.13 to $1293.03 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.45% or 0.21 to hit $46.99 a barrel, while the September US coffee C contract fell 1.89% or 2.48 to trade at $128.47 .

    USD/BRL was up 0.68% to 3.1745, while EUR/BRL rose 0.28% to 3.7210.

    The US Dollar Index Futures was up 0.25% at 93.64.

    Read more
  • Gap tops expectations, hikes guidance - shares rally

    Investing.com - Gap Inc (NYSE:GPS) shares surged during Thursday’s after hours after the company reported that it had easily beat Wall Street’s second quarter earnings expectations.

    Gap earned 58 cents in the second quarter on revenue of $3.8 billion, whereas analysts had forecast earnings of 52 cents on revenue of $3.77 million.

    Comparable stores sales grew by 1%, their third consecutive quarterly advance. Following the positive second quarter results, the company increased its fiscal year 2017 guidance to a range of $2.12 to $2.20. The company also increased its adjusted EPS guidance to a range of $2.02 to $2.10, compared to previous guidance of $1.95 to $2.05. Analysts are looking for full year (adjusted) EPS to come in at $2.00.

    Gap's shares were up almost 9% during Thursday's after hours session.

    Read more
  • Canada stocks lower at close of trade; S&P/TSX Composite down 0.32%

    Investing.com – Canada stocks were lower after the close on Thursday, as losses in the Materials, Telecoms and Consumer Discretionary sectors led shares lower.

    At the close in Toronto, the S&P/TSX Composite fell 0.32%.

    The best performers of the session on the S&P/TSX Composite were Pason Systems Inc . (TO:PSI), which rose 4.44% or 0.77 points to trade at 18.13 at the close. Meanwhile, Pretium Resources Inc. (TO:PVG) added 3.82% or 0.40 points to end at 10.87 and Extendicare Inc (TO:EXE) was up 2.74% or 0.25 points to 9.38 in late trade.

    The worst performers of the session were ProMetic Life Sciences Inc. (TO:PLI), which fell 6.40% or 0.080 points to trade at 1.170 at the close. Ivanhoe Mines Ltd. (TO:IVN) declined 5.86% or 0.260 points to end at 4.180 and Interfor Corp (TO:IFP) was down 4.59% or 0.84 points to 17.47.

    Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 608 to 432 and 158 ended unchanged.

    Shares in ProMetic Life Sciences Inc. (TO:PLI) fell to 3-years lows; falling 6.40% or 0.080 to 1.170.

    The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 5.97% to 14.03.

    Gold Futures for December delivery was up 0.81% or 10.42 to $1293.32 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.53% or 0.25 to hit $47.03 a barrel, while the October Brent oil contract rose 1.27% or 0.64 to trade at $50.91 a barrel.

    CAD/USD was down 0.38% to 0.7895, while CAD/EUR fell 0.07% to 0.6730.

    The US Dollar Index Futures was up 0.24% at 93.63.

    Read more
  • Colombia stocks higher at close of trade; COLCAP up 0.30%

    Investing.com – Colombia stocks were higher after the close on Thursday, as gains in the Public Services, Investment and Industrials sectors led shares higher.

    At the close in Colombia, the COLCAP gained 0.30%.

    The best performers of the session on the COLCAP were Grupo Aval Acciones y Valores SA Pref (CN:GAA_p), which rose 1.56% or 20.0 points to trade at 1305.0 at the close. Meanwhile, Grupoaval (CN:GAA) added 1.56% or 20.0 points to end at 1305.0 and Empresa de Energia de Bogota SA ESP (CN:EEB) was up 1.53% or 30.0 points to 1985.0 in late trade.

    The worst performers of the session were Bancolombia Pf (CN:BIC_p1), which fell 1.22% or 400.0 points to trade at 32400.0 at the close. Banco Davivienda Pf (CN:DVI_p) declined 0.83% or 280.0 points to end at 33640.0 and Etb (CN:ETB) was down 0.73% or 4.0 points to 545.0.

    Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 23 to 5 and 4 ended unchanged.

    Shares in Etb (CN:ETB) fell to 52-week lows; falling 0.73% or 4.0 to 545.0.

    US coffee C for September delivery was down 1.89% or 2.48 to $128.47 . Elsewhere in commodities trading, US cocoa for delivery in December rose 2.45% or 45.00 to hit $1883.50 , while the December Gold Futures contract rose 0.81% or 10.45 to trade at $1293.35 a troy ounce.

    USD/COP was up 0.35% to 2977.94, while BRL/COP fell 0.40% to 937.43.

    The US Dollar Index Futures was up 0.18% at 93.58.

    Read more
  • Dow sheds 270 points as political drama grips Wall Street

    Investing.com – U.S. stocks closed lower on Thursday, as the recent controversies engulfing U.S. President Donald Trump raised concerns that his pro-growth policies could be delayed, offsetting upbeat reports indicating the economy continued to strengthen.

    U.S. stocks pared early session gains, as rumours swirled that National Economic Council Chairman Gary Cohn was set to resign, over the president’s failure to denounce white supremacist violence in Charlottesville over the weekend.

    A White official, however, quashed the rumours, saying Cohn “is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false.”

    Losses in U.S. stocks continued, as traders questioned whether the recent backlash that led to end of the White House council on manufacturing and the Strategic and Policy reform, would deter members of Congress from working with the President to introduce his pro-growth policies.

    The political upheaval in Washington overshadowed initial jobs and manufacturing data that topped forecasts.

    Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 232,000 for the week ended Aug. 12, the Labor Department said. That beat economists’ forecasts of a just 4,000 decline.

    On the manufacturing front, the Federal Reserve bank of Philadelphia said that its Philly Fed manufacturing index rose to a seasonally adjusted 18.9 for August, compared with consensus estimates of 18.5.

    On the corporate earnings front, better-than-expected earnings from Wal-Mart Stores Inc (NYSE:WMT) and Alibaba Group Holdings Ltd (NYSE:BABA) failed to lift sentiment on the broader market, as the latter’s share price rose nearly 3% on the day.

    The Dow Jones Industrial Average closed lower at 21,750. The S&P 500 closed 1.54% lower while the Nasdaq Composite closed at 6221.91, down 1.94%.

    The biggest losers on Wall Street

    Cisco Systems Inc (NASDAQ:CSCO) down 4%, Apple Inc (NASDAQ:AAPL) down 1.9% and Goldman Sachs Group Inc (NYSE:GS) down 1.9%, were among the worst Dow performers of the session.

    Read more
  • Bitcoin rally stops short of $4,500 before turning negative

    Investing.com – Bitcoin pared gains on Thursday sliding into negative territory after setting fresh all-time highs earlier in the session as concerns grew the digital currency could face a second split in November.

    On the U.S.-based Bitfinex exchange, bitcoin fell to $4,294.5, down $63.5 or 1.46%, after hitting all-time highs of $4,492.3.

    Following the adoption of the first part of Segwit2x, a software upgrade to speed up transactions on the bitcoin network, investors braced for the second part of the Segwit2x update due November, fearing a second split in the blockchain supporting bitcoin.

    The second part of the SegWit2x seeks to double the transaction capacity on the bitcoin network, allowing speedier transactions, however, not all members of the bitcoin community agree with the proposal, raising fears of a yet another split in the digital currency – an event known as a ‘hard fork’.

    Bitcoin’s blockchain split into two on August 2, after a members of the bitcoin community rejected the first part of the SegWit2x upgrade, creating a competing currency called ‘Bitcoin Cash’.

    Bitcoin Cash shrugged off concerns in the cryptocurrency space, rising 34.21% to $410.27 while Ethereum, dipped by 0.29% to $299.05.

    To stay on top of the latest moves in the crypto-space, be sure to check out: https://www.investing.com/crypto/

    Read more
  • Globus Medical shares higher as FDA grants Exelsius 510 clearance

    Investing.com - Globus Medical (NYSE:GMED) shares were getting a big boost on Thursday from the FDA’s grand of 510(k) clearance for the company’s robotic guidance and navigation system, Excelsius GPS.

    According to the company, this system supports minimally invasive and open orthopedic and neurosurgical procedures, with screw placement applications in the spine and orthopedic surgery. It is designed to minimize radiation exposure, streamline workflow and reproducibly assist in implant placement.

    Globus's shares were recently up 4.5%.

    Read more
  • Snap executives run for the exit, sell over $9 Mln in stock

    Investing.com - Snap Inc 's (NYSE:SNAP) executives have been rapidly selling their shares in the company since the lockup expired, on Monday.

    Snap Inc went public in March and restrictions on the company’s IPO meant that employees could not sell shares awarded to them through compensations plans until this Monday. Since Monday, top executives sold an estimated $9.3 million worth of shares.

    Snap's shares were up 1% Thursday afternoon.

    Read more
  • Energen shares climb as another activist pushes sale

    Investing.com - Energen Corporation's (NYSE:EGN) shares were climbing on Thursday, boosted by a WSJ report that Elliott Management has joined Corvex Management in pushing for the company to put itself up for sale.

    Elliott Management owns a 4%-5% stake in Energen. Corvex increased its position to about 10% earlier this week. Under Alabama law, Corvex’s position entitles it to call a special meeting and add up to six directors to the company’s board.

    Both hedge funds believe that Energen’s Permian Basin properties could attract a buyer. EGN recently completed a strategic review.

    Energen's shares were recently up 3.4%

    Read more
  • Nigeria stocks higher at close of trade; NSE 30 up 0.27%

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

    At the close in Lagos, the NSE 30 rose 0.27%.

    The best performers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 3.92% or 0.020 points to trade at 0.520 at the close. Meanwhile, Zenithbank (LAGOS:ZENITHB) added 2.27% or 0.51 points to end at 23.01 and Dangsugar (LAGOS:DANGSUG) was up 1.56% or 0.20 points to 12.86 in late trade.

    The worst performers of the session were Guiness Nig (LAGOS:GUINNES), which fell 3.37% or 2.96 points to trade at 85.41 at the close. Diamond Bank (LAGOS:DIAMONB) declined 3.36% or 0.040 points to end at 1.160 and Fidelitybk (LAGOS:FIDELIT) was down 2.33% or 0.030 points to 1.260.

    Falling stocks outnumbered advancing ones on the Lagos by 43 to 29 and 22 ended unchanged.

    Crude oil for September delivery was up 0.28% or 0.13 to $46.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.92% or 0.46 to hit $50.73 a barrel, while the December Gold Futures contract rose 0.82% or 10.46 to trade at $1293.36 a troy ounce.

    EUR/NGN was down 0.35% to 421.970, while USD/NGN fell 0.28% to 362.500.

    The US Dollar Index Futures was up 0.09% at 93.49.

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  • Morocco stocks lower at close of trade; Moroccan All Shares down 0.10%

    Investing.com – Morocco stocks were lower after the close on Thursday, as losses in the Chemicals, Distributors and Food Producers&Processors sectors led shares lower.

    At the close in Casablanca, the Moroccan All Shares declined 0.10%.

    The best performers of the session on the Moroccan All Shares were IB Maroc Com SA (CS:IBC), which rose 10.00% or 12.50 points to trade at 137.55 at the close. Meanwhile, Jet Contractors (CS:JET) added 9.98% or 22.90 points to end at 252.40 and Nexans Maroc (CS:NEX) was up 5.99% or 10.15 points to 179.70 in late trade.

    The worst performers of the session were Stroc Industrie (CS:STR), which fell 4.44% or 2.40 points to trade at 51.60 at the close. Snep (CS:SNP) declined 3.97% or 24.00 points to end at 581.00 and Auto Hall (CS:AUTO) was down 2.91% or 3.20 points to 106.60.

    Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 20 to 19 and 9 ended unchanged.

    Shares in IB Maroc Com SA (CS:IBC) rose to 52-week highs; rising 10.00% or 12.50 to 137.55. Shares in Jet Contractors (CS:JET) rose to 52-week highs; gaining 9.98% or 22.90 to 252.40. Shares in Nexans Maroc (CS:NEX) rose to 52-week highs; gaining 5.99% or 10.15 to 179.70.

    Crude oil for September delivery was up 0.21% or 0.10 to $46.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.84% or 0.42 to hit $50.69 a barrel, while the December Gold Futures contract rose 0.81% or 10.37 to trade at $1293.27 a troy ounce.

    EUR/MAD was up 0.10% to 11.1340, while USD/MAD rose 0.42% to 9.4791.

    The US Dollar Index Futures was up 0.12% at 93.52.

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  • Russia stocks lower at close of trade; MICEX down 0.07%

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

    At the close in Moscow, the MICEX declined 0.07%.

    The best performers of the session on the MICEX were Akron (MCX:AKRN), which rose 5.56% or 185.0 points to trade at 3514.0 at the close. Meanwhile, Yevroplan PAO (MCX:EPLN) added 2.77% or 21.5 points to end at 799.0 and United Company Rusal Plc (MCX:RUAL) was up 2.26% or 0.900 points to 40.760 in late trade.

    The worst performers of the session were NLMK ao (MCX:NLMK), which fell 2.02% or 2.66 points to trade at 128.81 at the close. Moskovskaya Birzha OAO (MCX:MOEX) declined 2.02% or 2.30 points to end at 111.70 and MegaFon OAO (MCX:MFON) was down 1.65% or 9.40 points to 561.10.

    Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 116 to 98 and 17 ended unchanged.

    Shares in Yevroplan PAO (MCX:EPLN) rose to all time highs; up 2.77% or 21.5 to 799.0. Shares in United Company Rusal Plc (MCX:RUAL) rose to all time highs; up 2.26% or 0.900 to 40.760.

    The Russian VIX, which measures the implied volatility of MICEX options, was up 2.70% to 20.160.

    Gold Futures for December delivery was up 0.62% or 7.91 to $1290.81 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.43% or 0.20 to hit $46.98 a barrel, while the October Brent oil contract rose 1.13% or 0.57 to trade at $50.84 a barrel.

    USD/RUB was down 0.63% to 59.0088, while EUR/RUB fell 0.87% to 69.3005.

    The US Dollar Index Futures was up 0.13% at 93.53.

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  • Italy stocks lower at close of trade; Investing.com Italy 40 down 0.82%

    Investing.com – Italy stocks were lower after the close on Thursday, as losses in the Travel&Leisure, Oil&Gas and Financials sectors led shares lower.

    At the close in Milan, the Investing.com Italy 40 lost 0.82%.

    The best performers of the session on the Investing.com Italy 40 were Moncler SpA (MI:MONC), which rose 1.88% or 0.44 points to trade at 23.79 at the close. Meanwhile, Recordati (MI:RECI) added 0.77% or 0.27 points to end at 35.48 and Yoox Net-A-Porter Group SpA (MI:YNAP) was up 0.77% or 0.22 points to 28.81 in late trade.

    The worst performers of the session were Unione di Banche Italiane SpA (MI:UBI), which fell 2.62% or 0.1080 points to trade at 4.0200 at the close. UniCredit SpA (MI:CRDI) declined 2.05% or 0.3700 points to end at 17.6600 and Salvatore Ferragamo (MI:SFER) was down 1.98% or 0.49 points to 24.27.

    Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 220 to 127 and 20 ended unchanged.

    Shares in Moncler SpA (MI:MONC) rose to all time highs; gaining 1.88% or 0.44 to 23.79.

    Crude oil for September delivery was up 0.43% or 0.20 to $46.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.13% or 0.57 to hit $50.84 a barrel, while the December Gold Futures contract rose 0.62% or 7.96 to trade at $1290.86 a troy ounce.

    EUR/USD was down 0.19% to 1.1744, while EUR/GBP fell 0.11% to 0.9118.

    The US Dollar Index Futures was up 0.13% at 93.53.

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  • France stocks lower at close of trade; CAC 40 down 0.57%

    Investing.com – France stocks were lower after the close on Thursday, as losses in the Financials, Oil&Gas and Basic Materials sectors led shares lower.

    At the close in Paris, the CAC 40 lost 0.57%, while the SBF 120 index declined 0.50%.

    The best performers of the session on the CAC 40 were Veolia Environnement VE SA (PA:VIE), which rose 1.00% or 0.195 points to trade at 19.700 at the close. Meanwhile, Engie SA (PA:ENGIE) added 0.85% or 0.12 points to end at 14.20 and Kering SA (PA:PRTP) was up 0.83% or 2.55 points to 310.45 in late trade.

    The worst performers of the session were Societe Generale (PA:SOGN), which fell 2.32% or 1.14 points to trade at 47.83 at the close. Credit Agricole SA (PA:CAGR) declined 1.97% or 0.305 points to end at 15.160 and ArcelorMittal SA (AS:MT) was down 1.84% or 0.415 points to 22.080.

    The top performers on the SBF 120 were Electricite de France SA (PA:EDF) which rose 2.69% to 9.28, Eurofins Scientific (PA:EUFI) which was up 1.27% to settle at 484.75 and Remy Cointreau (PA:RCOP) which gained 1.18% to close at 98.50.

    The worst performers were Societe Generale (PA:SOGN) which was down 2.32% to 47.83 in late trade, Soitec SA (PA:SOIT) which lost 2.05% to settle at 50.150 and Credit Agricole SA (PA:CAGR) which was down 1.97% to 15.160 at the close.

    Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 312 to 255 and 111 ended unchanged.

    The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 7.88% to 14.19.

    Gold Futures for December delivery was up 0.60% or 7.74 to $1290.64 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.36% or 0.17 to hit $46.95 a barrel, while the October Brent oil contract rose 1.05% or 0.53 to trade at $50.80 a barrel.

    EUR/USD was down 0.20% to 1.1743, while EUR/GBP fell 0.11% to 0.9118.

    The US Dollar Index Futures was up 0.14% at 93.54.

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  • Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.55%

    Investing.com – Denmark stocks were lower after the close on Thursday, as losses in the Oil&Gas, Industrials and Financials sectors led shares lower.

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

    The best performers of the session on the OMX Copenhagen 20 were GN Store Nord (CO:GN), which rose 6.30% or 11.9 points to trade at 200.7 at the close. Meanwhile, Carlsberg A/S B (CO:CARLb) added 3.19% or 21.5 points to end at 696.0 and Novo Nordisk A/S B (CO:NOVOb) was up 2.10% or 6.0 points to 292.0 in late trade.

    The worst performers of the session were ISS A/S (CO:ISS), which fell 8.74% or 22.80 points to trade at 238.00 at the close. Vestas Wind Systems A/S (CO:VWS) declined 7.95% or 49.5 points to end at 573.0 and AP Moeller - Maersk A/S B (CO:MAERSKb) was down 4.03% or 540 points to 12850.

    Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 63 to 49 and 23 ended unchanged.

    Crude oil for September delivery was up 0.36% or 0.17 to $46.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.05% or 0.53 to hit $50.80 a barrel, while the December Gold Futures contract rose 0.63% or 8.08 to trade at $1290.98 a troy ounce.

    USD/DKK was up 0.18% to 6.3319, while EUR/DKK fell 0.02% to 7.4357.

    The US Dollar Index Futures was up 0.13% at 93.53.

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  • U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.48%

    Investing.com – U.K. stocks were lower after the close on Thursday, as losses in the Industrial Metals&Mining, Banking and Tobacco sectors led shares lower.

    At the close in London, the Investing.com United Kingdom 100 fell 0.48%.

    The best performers of the session on the Investing.com United Kingdom 100 were Fresnillo PLC (LON:FRES), which rose 3.85% or 58.00 points to trade at 1566.00 at the close. Meanwhile, Johnson Matthey PLC (LON:JMAT) added 2.32% or 64.00 points to end at 2818.00 and Randgold Resources Ltd (LON:RRS) was up 1.79% or 130.00 points to 7405.00 in late trade.

    The worst performers of the session were Hikma Pharmaceuticals PLC (LON:HIK), which fell 10.46% or 139.00 points to trade at 1190.00 at the close. Kingfisher PLC (LON:KGF) declined 4.10% or 12.60 points to end at 294.80 and Standard Chartered PLC (LON:STAN) was down 2.72% or 21.10 points to 755.00.

    Falling stocks outnumbered advancing ones on the London Stock Exchange by 1154 to 734 and 436 ended unchanged.

    Shares in Hikma Pharmaceuticals PLC (LON:HIK) fell to 3-years lows; losing 10.46% or 139.00 to 1190.00.

    Gold Futures for December delivery was up 0.68% or 8.72 to $1291.62 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.36% or 0.17 to hit $46.95 a barrel, while the October Brent oil contract rose 0.97% or 0.49 to trade at $50.76 a barrel.

    GBP/USD was down 0.05% to 1.2885, while EUR/GBP fell 0.18% to 0.9112.

    The US Dollar Index Futures was up 0.14% at 93.54.

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  • Poland stocks lower at close of trade; WIG30 down 0.98%

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

    At the close in Warsaw, the WIG30 fell 0.98%.

    The best performers of the session on the WIG30 were Grupa Lotos SA (WA:LTSP), which rose 3.43% or 1.70 points to trade at 51.30 at the close. Meanwhile, LPP SA (WA:LPPP) added 1.04% or 78.40 points to end at 7605.25 and Synthos SA (WA:SNS) was up 0.95% or 0.040 points to 4.250 in late trade.

    The worst performers of the session were PKP Cargo (WA:PKPP), which fell 2.93% or 1.87 points to trade at 61.90 at the close. Bank Polska Kasa Opieki SA (WA:PEO) declined 2.20% or 2.81 points to end at 125.11 and Polski Koncern Naftowy ORLEN SA (WA:PKN) was down 2.16% or 2.34 points to 105.97.

    Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 291 to 199 and 179 ended unchanged.

    Crude oil for September delivery was up 0.21% or 0.10 to $46.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.86% or 0.43 to hit $50.70 a barrel, while the December Gold Futures contract rose 0.68% or 8.66 to trade at $1291.56 a troy ounce.

    EUR/PLN was up 0.04% to 4.2691, while USD/PLN rose 0.26% to 3.6361.

    The US Dollar Index Futures was up 0.14% at 93.54.

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  • Norway stocks lower at close of trade; Oslo OBX down 1.37%

    Investing.com – Norway stocks were lower after the close on Thursday, as losses in the Auto&components, Banking and Materials sectors led shares lower.

    At the close in Oslo, the Oslo OBX lost 1.37%.

    The best performers of the session on the Oslo OBX were Nordic Nanovector ASA (OL:NANOV), which rose 0.18% or 0.15 points to trade at 83.70 at the close. Meanwhile, REC Silicon ASA (OL:REC) unchanged 0.10% or 0.00 points to end at 1.03 and Marine Harvest ASA (OL:MHG) was up 0.07% or 0.10 points to 153.10 in late trade.

    The worst performers of the session were Golden Ocean Group Ltd (OL:GOGLT), which fell 4.32% or 3.00 points to trade at 66.50 at the close. Aker BP ASA (OL:AKERBP) declined 4.17% or 6.00 points to end at 138.00 and Petroleum Geo - Services ASA (OL:PGS) was down 4.10% or 0.64 points to 14.96.

    Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 123 to 51 and 24 ended unchanged.

    Crude oil for September delivery was up 0.41% or 0.19 to $46.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.07% or 0.54 to hit $50.81 a barrel, while the December Gold Futures contract rose 0.56% or 7.21 to trade at $1290.11 a troy ounce.

    EUR/NOK was up 0.09% to 9.3325, while USD/NOK rose 0.37% to 7.9535.

    The US Dollar Index Futures was up 0.18% at 93.58.

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  • U.S. stocks lower as Cisco, Wal-Mart weigh

    Investing.com – Wall Street traded lower on Thursday as earnings from blue chip firms and worries over U.S. President Donald Trump's ability to implement his economic policies after he disbanded two high-profile business advisory councils dampened investor sentiment.

    At 11:33AM ET (15:33GMT), the Dow Jones fell 94 points, or 0.43%, the S&P 500 lost 14 points, or 0.57%, while the Nasdaq Composite traded down 49 points, or 0.78%.

    Cisco Systems (NASDAQ:CSCO) led the Dow lower with losses of nearly 4% after reporting quarterly revenue in its closely-watched security business that missed estimates.

    Wal-Mart (NYSE:WMT), down 2%, also put pressure on the blue-chip index after the world’s largest retailer reported lower quarterly margins.

    Separately, markets were fidgety on Thursday as they continued to watch developments surrounding reactions to Trump’s response to violence at a white nationalist rally over the weekend in Charlottesville, Virginia.

    Trump returned to his Twitter account and launched another barrage of remarks over the “removal of our beautiful states and monuments”.

    Stocks and gold registered volatile moves earlier on Thursday as rumors surfaced that Gary Cohn, Trump’s chief economic advisor and likely candidate to replace Janet Yellen at the head of the Federal Reserve, had resigned.

    That came after reports that Cohn was “upset” and “disgusted” by Trump’s reaction to the Charlottesville incident, but the rumor was later debunked.

    On the economic front, weekly jobless claims showed continued strength of the labor market, coming in better than forecasts.

    The Philadelphia Fed manufacturing survey gave a better-than-expected reading in August, though industrial production missed the mark in July and manufacturing production unexpectedly declined.

    Still ahead, investors will keep an eye on appearances from Dallas Fed president Robert Kaplan and Minneapolis Fed chief Neel Kashkari later in the session to see if they offer clues on the future path of Fed policy.

    Meanwhile, oil prices were on the rise Thursday after reports that Genscape data showed a draw of more than one barrels at Cushing inventories, the key U.S. hub for delivery, in the week to August 15.

    U.S. crude futures gained 0.43% to $46.98 by 11:34AM ET (15:34GMT), while Brent oil rose 1.05% to $50.80.

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  • Greece stocks lower at close of trade; Athens General Composite down 1.05%

    Investing.com – Greece stocks were lower after the close on Thursday, as losses in the Healthcare, Household and Banking sectors led shares lower.

    At the close in Athens, the Athens General Composite declined 1.05%.

    The best performers of the session on the Athens General Composite were Autohellas (AT:AUTr), which rose 4.55% or 1.00 points to trade at 23.00 at the close. Meanwhile, Flexopack SA (AT:FLXr) added 2.86% or 0.1300 points to end at 4.6800 and Papoutsanis (AT:PSALr) was up 1.62% or 0.005 points to 0.313 in late trade.

    The worst performers of the session were Eurobank Ergasias SA (AT:EURBr), which fell 3.68% or 0.035 points to trade at 0.916 at the close. Jumbo SA (AT:BABr) declined 3.17% or 0.475 points to end at 14.515 and Centric Hold (AT:DESr) was down 2.94% or 0.005 points to 0.165.

    Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 63 to 40 and 7 ended unchanged.

    Shares in Autohellas (AT:AUTr) rose to 5-year highs; up 4.55% or 1.00 to 23.00.

    Gold Futures for December delivery was up 0.53% or 6.76 to $1289.66 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.51% or 0.24 to hit $47.02 a barrel, while the October Brent oil contract rose 1.01% or 0.51 to trade at $50.78 a barrel.

    EUR/USD was down 0.23% to 1.1739, while EUR/GBP fell 0.20% to 0.9110.

    The US Dollar Index Futures was up 0.15% at 93.55.

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  • Israel stocks lower at close of trade; TA 35 down 0.33%

    Investing.com – Israel stocks were lower after the close on Thursday, as losses in the Banking, Oil&Gas and Communication sectors led shares lower.

    At the close in Tel Aviv, the TA 35 fell 0.33%.

    The best performers of the session on the TA 35 were Elbit Systems Ltd (TA:ESLT), which rose 2.25% or 1070 points to trade at 48620 at the close. Meanwhile, Harel (TA:HARL) added 0.56% or 12 points to end at 2156 and Leumi (TA:LUMI) was up 0.49% or 9 points to 1864 in late trade.

    The worst performers of the session were Israel Corp (TA:ILCO), which fell 2.50% or 1870 points to trade at 73050 at the close. Cellcom Israel Ltd (TA:CEL) declined 2.41% or 76 points to end at 3072 and Airport City Ltd (TA:ARPT) was down 1.87% or 91 points to 4777.

    Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 203 to 196 and 14 ended unchanged.

    Shares in Elbit Systems Ltd (TA:ESLT) rose to all time highs; gaining 2.25% or 1070 to 48620. Shares in Leumi (TA:LUMI) rose to 5-year highs; up 0.49% or 9 to 1864.

    Crude oil for September delivery was up 0.51% or 0.24 to $47.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.19% or 0.60 to hit $50.87 a barrel, while the December Gold Futures contract rose 0.46% or 5.91 to trade at $1288.81 a troy ounce.

    USD/ILS was down 0.00% to 3.6233, while EUR/ILS fell 0.27% to 4.2523.

    The US Dollar Index Futures was up 0.19% at 93.59.

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