Mastercard Falls 3%

Investing.com - Mastercard (NYSE:MA) fell by 3.02% to trade at $193.03 by 10:35 (15:35 GMT) on Monday on the NYSE exchange.

The volume of Mastercard shares traded since the start of the session was 648.97K. Mastercard has traded in a range of $192.81 to $199.23 on the day.

The stock has traded at $207.9800 at its highest and $192.8900 at its lowest during the past seven days.

Boeing Falls 4%

Investing.com - Boeing (NYSE:BA) fell by 3.85% to trade at $323.02 by 10:07 (15:07 GMT) on Monday on the NYSE exchange.

The volume of Boeing shares traded since the start of the session was 878.77K. Boeing has traded in a range of $322.21 to $336.04 on the day.

The stock has traded at $371.0000 at its highest and $322.3100 at its lowest during the past seven days.

Adobe Falls 3%

Investing.com - Adobe (NASDAQ:ADBE) fell by 3.46% to trade at $230.62 by 09:56 (14:56 GMT) on Monday on the NASDAQ exchange.

The volume of Adobe shares traded since the start of the session was 445.68K. Adobe has traded in a range of $230.58 to $238.62 on the day.

The stock has traded at $248.2900 at its highest and $230.6200 at its lowest during the past seven days.

NVIDIA Falls 3%

Investing.com - NVIDIA (NASDAQ:NVDA) fell by 3.45% to trade at $158.75 by 09:33 (14:33 GMT) on Monday on the NASDAQ exchange.

The volume of NVIDIA shares traded since the start of the session was 1.89M. NVIDIA has traded in a range of $158.60 to $161.80 on the day.

The stock has traded at $209.3200 at its highest and $158.7500 at its lowest during the past seven days.

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.84%

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Retail, Financial Services and Agriculture&Food sectors led shares higher.

At the close in Saudi Arabia, the Tadawul All Share rose 0.84%.

The best performers of the session on the Tadawul All Share were Saudi Fisheries Co. (SE:6050), which rose 10.00% or 2.55 points to trade at 28.05 at the close. Meanwhile, Najran Cement Company (SE:3002) added 5.71% or 0.47 points to end at 8.70 and Southern Province Cement Co. (SE:3050) was up 4.12% or 1.50 points to 37.95 in late trade.

The worst performers of the session were Saudi Industrial Export Co (SE:4140), which fell 9.95% or 12.00 points to trade at 108.60 at the close. Arabian Cement Co (SE:3010) declined 4.66% or 1.10 points to end at 22.50 and Al Baha Investment and Development Company SJSC (SE:4130) was down 3.20% or 0.64 points to 19.36.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 100 to 69 and 13 ended unchanged.

Crude oil for January delivery was up 0.74% or 0.42 to $56.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.22% or 0.15 to hit $66.91 a barrel, while the December Gold Futures contract rose 0.02% or 0.30 to trade at $1221.10 a troy ounce.

EUR/SAR was up 0.07% to 4.2880, while USD/SAR fell 0.02% to 3.7522.

The US Dollar Index Futures was down 0.09% at 96.25.

MarketPulse Europe: Auto Sector Holds Up Despite Renault Bloodbath

Investing.com - The European auto sector was higher in midday trade on Monday, despite a steep decline in shares of Renault (PA:RENA), which were set for their worst day in more than two years.

Renault shares sank as much as 15% in Paris to hit their lowest level since October 2014 after Nissan said it was moving to oust chairman Carlos Ghosn, who doubles as Renault's chairman and chief executive, after finding that he had used company money for personal use and committed several other serious acts of misconduct.

The Japanese automaker said that based on a whistleblower report, it had been investigating possible improper practices of Ghosn for several months.

Shares were last off by 10.6% by 6:35AM ET (1135GMT).

However, other automakers across the continent fared much better. The broader European auto sector index (SXAP) was up around 0.2% in midday trade.

French automaker Peugeot SA (PA:PEUP) tacked on 0.7% in Paris.

In Germany, BMW AG (DE:BMWG), Porsche SE (DE:PSHG_p) and Volkswagen (DE:VOWG_p) were all in positive territory, trading higher by 1.4%, 1.1% and 0.9% respectively.

Italian automakers were also higher, with Fiat NV (MI:FCHA) and Ferrari NV (MI:RACE) gaining 0.6% and 0.5%.

Indonesia stocks lower at close of trade; IDX Composite Index down 0.12%

Investing.com – Indonesia stocks were lower after the close on Monday, as losses in the Infrastructure, Mining and Consumer Industry sectors led shares lower.

At the close in Jakarta, the IDX Composite Index fell 0.12%.

The best performers of the session on the IDX Composite Index were Transcoal Pacific Tbk PT (JK:TCPI), which rose 41.67% or 2625 points to trade at 8925 at the close. Meanwhile, Guna Timur Raya PT (JK:TRUK) added 33.77% or 51 points to end at 202 and Metro Realty Tbk (JK:MTSM) was up 28.78% or 40 points to 179 in late trade.

The worst performers of the session were Asuransi Multi Artha Guna Tbk PT (JK:AMAG), which fell 19.53% or 66 points to trade at 272 at the close. Gowa Makassar Tourism Develop (JK:GMTD) declined 18.24% or 2700 points to end at 12100 and Nipress Tbk (JK:NIPS) was down 12.50% or 50 points to 350.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 191 to 188 and 132 ended unchanged.

Shares in Transcoal Pacific Tbk PT (JK:TCPI) rose to all time highs; rising 41.67% or 2625 to 8925.

Crude oil for January delivery was up 0.81% or 0.46 to $56.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.19% or 0.13 to hit $66.89 a barrel, while the December Gold Futures contract rose 0.06% or 0.70 to trade at $1221.50 a troy ounce.

USD/IDR was up 0.26% to 14583.8, while AUD/IDR fell 1.01% to 10594.40.

The US Dollar Index Futures was down 0.12% at 96.22.

EOS Falls 10% In Selloff

Investing.com - EOS was trading at $4.2131 by 04:23 (09:23 GMT) on the Investing.com Index on Monday, down 10.10% on the day. It was the largest one-day percentage loss since October 11.

The move downwards pushed EOS's market cap down to $3.8341B, or 2.21% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $4.2077 to $4.6487 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 21.7%. The volume of EOS traded in the twenty-four hours to time of writing was $873.6180M or 5.74% of the total volume of all cryptocurrencies. It has traded in a range of $4.2077 to $5.4723 in the past 7 days.

At its current price, EOS is still down 81.67% from its all-time high of $22.98 set on April 29.

Elsewhere in cryptocurrency trading

Bitcoin was last at $5,325.9 on the Investing.com Index, down 5.92% on the day.

XRP was trading at $0.47698 on the Investing.com Index, a loss of 8.76%.

Bitcoin's market cap was last at $92.6888B or 53.50% of the total cryptocurrency market cap, while XRP's market cap totaled $19.2836B or 11.13% of the total cryptocurrency market value.

Japan stocks higher at close of trade; Nikkei 225 up 0.65%

Investing.com – Japan stocks were higher after the close on Monday, as gains in the Shipbuilding, Machinery and Precision Instruments sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 0.65%.

The best performers of the session on the Nikkei 225 were Showa Denko K.K. (T:4004), which rose 5.89% or 250.0 points to trade at 4495.0 at the close. Meanwhile, Tokai Carbon Co., Ltd. (T:5301) added 5.16% or 77.0 points to end at 1569.0 and Softbank Corp. (T:9984) was up 5.09% or 448.0 points to 9250.0 in late trade.

The worst performers of the session were The Shizuoka Bank, Ltd. (T:8355), which fell 6.77% or 72.0 points to trade at 992.0 at the close. Concordia Financial Group Ltd (T:7186) declined 5.51% or 29.0 points to end at 497.0 and Fukuoka Financial Group, Inc. (T:8354) was down 4.01% or 106.0 points to 2538.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2203 to 1311 and 173 ended unchanged.

Shares in Fukuoka Financial Group, Inc. (T:8354) fell to 52-week lows; down 4.01% or 106.0 to 2538.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.30% to 22.60.

Crude oil for January delivery was up 1.04% or 0.59 to $57.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.55% or 0.37 to hit $67.13 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1221.60 a troy ounce.

USD/JPY was down 0.03% to 112.79, while EUR/JPY fell 0.01% to 128.83.

The US Dollar Index Futures was down 0.12% at 96.22.

Forex- Dollar Dips on Rate Hike Doubts; Sterling Holding Above 1.28

Investing.com - The dollar dipped against a currency basket on Monday, adding to Friday’s losses amid uncertainty over the pace of future U.S. interest rate hikes, while the pound was holding above the 1.28 level as Brexit worries rumbled on.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged down 0.09% to 96.25 by 03:29 AM ET (08:29 AM GMT) after falling 0.48% on Friday. The index had hit a 16-month high of 97.53 on Nov. 12.

The dollar weakened on Friday after dovish comments by Federal Reserve Vice Chair Richard Clarida, who said he saw some evidence that global growth is slowing.

Clarida also noted that U.S. interest rates are nearing a neutral rate, and being at neutral "makes sense."

Separately, Dallas Fed head Robert Kaplan said Friday he is seeing a growth slowdown in Europe and China.

The comments were seen as an indication that the Fed may pause its rates hikes sooner than had been anticipated.

The dollar was little changed against the yen, with USD/JPY at 112.82 after falling to two-week lows of 112.61 overnight.

Overall market sentiment remained cautious in the wake of tension between U.S. Vice President Mike Pence and Chinese President Xi Jinping at the Apec summit over the weekend.

The euro was trading near-one-and-a-half week highs against the dollar, with EUR/USD changing hands at 1.1420.

The pound was holding above the 1.28 level against the dollar, with GBP/USD rising 0.3% to 1.2872 after selling off last week amid turmoil over British Prime Minister Theresa May's draft Brexit deal.

Sterling found some support following reports that the European Union’s chief negotiator proposed extending the Brexit transition period for another two years to give the UK and EU more time to complete a trade deal.

May is struggling to keep the Brexit deal on track after several government ministers, including her Brexit secretary, resigned last week while other government ministers are attempting to mount a leadership challenge.

The pound was higher against the euro, with EUR/GBP slipping 0.29% to 0.8874.

Litecoin Falls 11% In Bearish Trade

Investing.com - Litecoin was trading at $38.904 by 03:08 (08:08 GMT) on the Investing.com Index on Monday, down 10.64% on the day. It was the largest one-day percentage loss since November 14.

The move downwards pushed Litecoin's market cap down to $2.338B, or 1.32% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B.

Litecoin had traded in a range of $38.579 to $43.236 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 22.75%. The volume of Litecoin traded in the twenty-four hours to time of writing was $381.269M or 2.65% of the total volume of all cryptocurrencies. It has traded in a range of $38.5790 to $51.5986 in the past 7 days.

At its current price, Litecoin is still down 90.74% from its all-time high of $420.00 set on December 12, 2017.

Elsewhere in cryptocurrency trading

Bitcoin was last at $5,373.1 on the Investing.com Index, down 5.29% on the day.

XRP was trading at $0.47394 on the Investing.com Index, a loss of 7.80%.

Bitcoin's market cap was last at $94.465B or 53.38% of the total cryptocurrency market cap, while XRP's market cap totaled $19.339B or 10.93% of the total cryptocurrency market value.

Gold Prices Slip; Dollar Little Changed After Fed’s Comments

Investing.com - Gold prices slipped on Monday, while the dollar was subdued against its rivals after Federal Reserve officials cautioned on the global economy.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange edged down 0.3% to $1,219.1 a troy ounce by 1:20 AM ET (06:20 GMT).

The U.S. dollar index that tracks the greenback against a basket of other currencies edged up 0.08% to 96.4.

Richard Clarida, the Federal Reserve’s newly appointed vice chair, expressed caution over the global growth outlook on Friday and said "that's something that is going to be relevant" for the outlook for the U.S. economy.

Federal Reserve Bank of Dallas President Robert Kaplan also said in a separate interview with Fox Business that he expected a growth slowdown in Europe and China.

Markets widely expect a fourth rate hike for this year at the Fed's December meeting and policymakers have pointed to two more rate hikes by June 2019.

Prospects of higher U.S. interest rates are bad news for dollar-denominated gold as they raise the opportunity cost of holding the bullion.

Elsewhere, Brexit remained in focus after British Prime Minister Theresa May said Sunday that toppling her would risk delaying the UK's exit from the European Union.

“It is not going to make the [Brexit] negotiations any easier and it won’t change the parliamentary arithmetic,” she said.

China Environmental Technology's Shares Rebound

Investing.com - The shares of China Environmental Technology Holdings Ltd (HK:0646) bounced back 9.62% to HK$0.057 on Monday morning, after a nearly 50% slide on Friday. The plummet came after the company’s second-largest shareholder escaped Hong Kong police on the same day, according to sources cited by the South China Morning Post.

According to CET’s interim report, second largest shareholder Leon Li held a 19.74% stake in the company. He is the owner of a company named Options Inc., which is the parent company of fertility medical treatment provider Pacific Fertility Institutes Holdings Company Limited (PFI).

Local media sources reported that the 34-year-old was arrested in Hong Kong in 2015 for using a falsified document to apply for a U.S. visa. During the trial, he skipped bail and escaped to the Dominican Republic. After that, he used his “authentic documents” to enter Hong Kong again as Leon Li.

Cardano Falls 11% In Bearish Trade

Investing.com - Cardano was trading at $0.056667 by 00:50 (05:50 GMT) on the Investing.com Index on Monday, down 10.76% on the day. It was the largest one-day percentage loss since November 14.

The move downwards pushed Cardano's market cap down to $1.51014B, or 0.84% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B.

Cardano had traded in a range of $0.056663 to $0.062403 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 23.46%. The volume of Cardano traded in the twenty-four hours to time of writing was $19.96109M or 0.14% of the total volume of all cryptocurrencies. It has traded in a range of $0.0567 to $0.0771 in the past 7 days.

At its current price, Cardano is still down 95.80% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $5,424.0 on the Investing.com Index, down 4.77% on the day.

XRP was trading at $0.47563 on the Investing.com Index, a loss of 10.55%.

Bitcoin's market cap was last at $95.88070B or 53.16% of the total cryptocurrency market cap, while XRP's market cap totaled $19.54120B or 10.84% of the total cryptocurrency market value.

XRP Falls 11% In Rout

Investing.com - XRP was trading at $0.47481 by 00:50 (05:50 GMT) on the Investing.com Index on Monday, down 10.75% on the day. It was the largest one-day percentage loss since October 11.

The move downwards pushed XRP's market cap down to $19.54957B, or 10.84% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53400B.

XRP had traded in a range of $0.47455 to $0.51586 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 3.84%. The volume of XRP traded in the twenty-four hours to time of writing was $849.90617M or 6.08% of the total volume of all cryptocurrencies. It has traded in a range of $0.4238 to $0.5321 in the past 7 days.

At its current price, XRP is still down 85.57% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $5,411.6 on the Investing.com Index, down 4.77% on the day.

Ethereum was trading at $162.72 on the Investing.com Index, a loss of 9.87%.

Bitcoin's market cap was last at $95.95478B or 53.20% of the total cryptocurrency market cap, while Ethereum's market cap totaled $17.42106B or 9.66% of the total cryptocurrency market value.

Oil Prices Climb on Tightened OPEC Supply Ahead

Investing.com - Oil prices edged up on Monday morning in Asia amid expectations that de-facto OPEC leader Saudi Arabia will urge the organization and its allies to slash supply to boost oil prices after a sell-off this month.

Crude Oil WTI Futures for January delivery rose 1.15% to $57.33 a barrel at 10:50PM ET (02:50 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for January delivery inched up 0.66% to $67.44 per barrel on London’s Intercontinental Exchange.

As oil prices slid for the sixth straight week, major crude exporter Saudi Arabia is expected to push OPEC and its allies to cut output in December from 1 million to 1.4 million barrels per day (bpd) to cater to a slowdown in global demand. The ministers are set to meet on Dec. 6 in Vienna, Austria to determine its production policy for the first half of 2019, various reports showed.

“The market’s bullish radar is still waiting for OPEC+ [OPEC and its allies] to deliver sizeable cut number,” Stephen Innes, head of trading for Asia Pacific at futures brokerage Oanda, told Reuters.

Another large crude producer, Russia, might not join the output-cut at OPEC, according to Reuters, citing two high-ranking officials. They were quoted saying that lowering output is “not the right systematic approach.”

Elsewhere, crude supply in North America is on the rise. According to energy services firm Baker Hughes, the U.S. added two oil rigs as of Nov. 16 to 888, up 150 from a year ago, while Canada added one rig to 118, a hike from 109 last year.

U.S. crude production continued to climb, recording 11.7 million bpd as of Nov. 9, according to the Energy Information Administration. The organization is due to release production data on Wednesday.

On the demand side, the world’s third-largest economy, Japan, reported on Monday a 7.7% drop in petroleum imports in October this year.

Meanwhile in France, more than 280,000 people took to the streets on Saturday to protest rising fuel prices, but the demonstration soon turned ugly, resulting in one death and over 200 injuries, according to BBC.

Israel stocks higher at close of trade; TA 35 up 0.35%

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Communication, Technology and Real Estate sectors led shares higher.

At the close in Tel Aviv, the TA 35 rose 0.35%.

The best performers of the session on the TA 35 were OPKO Health Inc (TA:OPK), which rose 3.83% or 48 points to trade at 1300 at the close. Meanwhile, Nice Ltd (TA:NICE) added 3.14% or 1290 points to end at 42340 and Ormat Technologies (TA:ORA) was up 2.59% or 490 points to 19430 in late trade.

The worst performers of the session were Tower Semiconductor Ltd (TA:TSEM), which fell 1.78% or 98 points to trade at 5407 at the close. Delek Drilling LP (TA:DEDRp) declined 1.64% or 18 points to end at 1080 and ICL Israel Chemicals Ltd (TA:ICL) was down 1.29% or 30 points to 2292.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 197 to 171 and 45 ended unchanged.

Crude oil for January delivery was unchanged 0.00% or 0.00 to $56.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.57% or 0.38 to hit $67.00 a barrel, while the December Gold Futures contract rose 1.90% or 22.80 to trade at $1222.00 a troy ounce.

USD/ILS was down 0.17% to 3.7020, while EUR/ILS rose 0.65% to 4.2278.

The US Dollar Index Futures was down 0.50% at 96.31.

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 2.16%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Industrial Investment, Telecoms&IT and Media&Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 2.16% to hit a new 1-month low.

The best performers of the session on the Tadawul All Share were Al Sorayai Trading&Industrial Group (SE:1213), which rose 5.58% or 0.76 points to trade at 14.38 at the close. Meanwhile, Food Products Co. (SE:2100) added 5.26% or 0.82 points to end at 16.42 and Knowledge Economic City (SE:4310) was up 1.56% or 0.15 points to 9.75 in late trade.

The worst performers of the session were Saudi Industrial Export Co (SE:4140), which fell 10.00% or 13.40 points to trade at 120.60 at the close. Falcom Petrochemical declined 8.21% or 2.80 points to end at 31.30 and Amana Cooperative Insurance Co (SE:8310) was down 5.82% or 1.10 points to 17.80.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 169 to 13 and 3 ended unchanged.

Crude oil for January delivery was unchanged 0.00% or 0.00 to $56.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.57% or 0.38 to hit $67.00 a barrel, while the December Gold Futures contract rose 1.90% or 22.80 to trade at $1222.00 a troy ounce.

EUR/SAR was up 0.84% to 4.2850, while USD/SAR rose 0.04% to 3.7531.

The US Dollar Index Futures was down 0.50% at 96.31.

Crude Oil Prices - Weekly Outlook: November 19 - 23

Investing.com - In the week ahead, oil traders will pay close attention to comments from global crude producers to gauge their readiness on cutting output, after prices suffered their sixth weekly loss in a row.

Global oil prices have lost roughly a quarter of their value since early October in what has become one of the biggest declines since a price collapse in 2014, with surging supply and the specter of faltering demand scaring off investors.

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Dec. 6 in Vienna to decide on production policy for the next six months.

OPEC officials have been making increasingly frequent public statements that the cartel and its partners would start withholding crude in 2019 to tighten supply and prop up prices.

Saudi Arabia, OPEC's de facto leader, wants the cartel to slash production by about 1.4 million barrels per day (bpd), according to recent reports.

On Friday, futures pulled back to finish flat after data showed that U.S. energy firms added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years.

Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, the highest level since March 2015, oilfield services firm Baker Hughes said in its closely followed report on Friday.

West Texas Intermediate crude, the U.S. benchmark, ended Friday's session flat at $56.68 a barrel by close of trade on the New York Mercantile Exchange, down from an earlier high above $58.

For the week, WTI lost 6.2%, tallying their sixth straight weekly drop.

Meanwhile, the global benchmark, Brent crude for January delivery on the ICE (NYSE:ICE) Futures Europe exchange, tacked on 14 cents to end at $66.76 a barrel.

It lost about 4.8% for the week.

Looking ahead, fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise will capture the market's attention.

The Energy Information Administration reported last week that domestic crude supplies rose by 10.3 million barrels, up for an eighth straight week, while U.S. production rose to another record.

Ahead of the coming week, Investing.com has compiled a list of the main events likely to affect the oil market.

Tuesday, November 20

The American Petroleum Institute is to publish its weekly update on U.S. oil supplies.

Wednesday, November 21

The U.S. Energy Information Administration will release its weekly report on oil stockpiles.

Thursday, November 22

Financial markets in the U.S. will be closed for the Thanksgiving holiday.

Friday, November 23

Baker Hughes will release weekly data on the U.S. oil rig count.

Gold / Silver / Copper Prices - Weekly Outlook: November 19 - 23

Investing.com - This week precious metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices ended higher on Friday, notching up a weekly gain of more than 1%.

Safe haven demand for the yellow metal was underpinned following the recent selloff in equity markets, a steep fall in oil pieces and mounting uncertainty over the outlook for the global economy arising out of trade tensions.

Heightened uncertainty over Brexit also supported safe haven demand for gold.

December gold futures ended up 0.66% at $1,223.00 on the Comex division of the New York Mercantile Exchange late Friday, for a weekly gain of 1.19%.

The dollar fell against a basket of the other major currencies on Friday after dovish comments by Federal Reserve Vice Chair Richard Clarida, who said he saw some evidence that global growth is slowing.

Clarida also noted that U.S. interest rates are nearing a neutral rate, and being at neutral "makes sense."

The comments were seen as an indication that the Fed may pause its interest rates hikes sooner than had been anticipated.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.5% to one-week lows of 96.31 in late trade, to end the week 0.43% lower.

A weaker dollar can make dollar denominated assets, like gold, less expensive to potential buyers holding other currencies.

Elsewhere in metals trading, palladium hit record highs on Friday and amid concerns over a supply shortage. The metal is used in catalytic converters which reduce harmful emissions in gasoline engines.

Palladium futures high a high of $1,168.30 and settled at $1,154.6, up 1.51% for the day, to end the week with a gain of 5.4%.

Silver settled up 0.83% at $14.382 a troy ounce, to end the week with a gain of 1.81%, while copper ended at $2.804, up 2% for the day, ending the week down 4.35%.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, November 19

Japan is to release data on trade.

Federal Reserve Bank of New York President John Williams is to speak at an event in New York.

Tuesday, November 20

The Bank of Japan is to publish the minutes of its latest policy setting meeting.

Bank of England Governor Mark Carney and several policymakers are to testify on inflation and the economic outlook before Parliament's Treasury Committee.

The U.S. is to release data on building permits and housing starts.

Wednesday, November 21

The UK is to release data on public sector borrowing.

The U.S. is to publish reports on initial jobless claims and durable goods orders as well as revised figures on consumer sentiment.

Thursday, November 22

Financial markets in the U.S. will be closed for the Thanksgiving holiday.

The European Central Bank is to publish the minutes of its latest policy setting meeting.

Friday, November 23

Markets in Japan will remain closed for a holiday.

The euro zone is to release data on private sector business activity.

Canada is to round up the week with figures on retail sales and inflation.

Trading in U.S. financial markets will end early after Thursday’s holiday.

Advance Auto Parts Earnings, Revenue beat in Q4

Investing.com - Advance Auto Parts reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $1.84 on revenue of $2.27B. Analysts polled by Investing.com forecast EPS of $1.13 on revenue of $2,103M. That compared to EPS of $0.77 on revenue of $2.04B in the same period a year earlier. The company had reported EPS of $1.89 on revenue of $2.27B in the previous quarter.

For the year, Advance Auto Parts shares are up 79.77%, outperforming the S&P 500 which is up 1.96% year to date.

Advance Auto Parts follows other major Services sector earnings this month


On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.

Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $86.66B

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

Stocks - Dow Fails to Avert Weekly Loss Despite Triple-Digit Rally

Investing.com - The Dow closed lower for the week, despite a rally Friday that came even as the White House reportedly walked backed President Donald Trump's upbeat comments on trade.

The Dow Jones Industrial Average rose 0.49%. The S&P 500 rose 0.22%, while the Nasdaq Composite fell 0.15%.

Wall Street went into rally mode Friday after Trump said he was hopeful the U.S. and China will reach a consensus on trade deal. The White House, however, peddled a more sombre narrative on trade in the wake of Trump's comments, telling CNBC that a deal was not coming soon.

Still, the broader averages held their gains, but that did little to avert a weekly loss following a rout in tech.

Facebook (NASDAQ:FB) fell 3% amid the fallout from a New York Times article detailing how the company conspired to cover up warnings that Russia had used the social media platform to disrupt the U.S. election in 2016.

Weakness in tech was exacerbated by a slump in semiconductor stocks as Nvidia's (NASDAQ:NVDA) soft earnings and light guidance, owing to excess inventories (an industry-wide problem for many chipmakers), triggered fire-selling across the industry.

Rival chipmaker Advanced Micro Devices (NASDAQ:AMD) fell 4%, while Applied Materials (NASDAQ:AMAT) was rewarded for its quarterly results, which came in line with consensus. Its share rose 1%.

The Philadelphia Semiconductor Index fell 1%.

Energy added steel to the rally on Friday as oil prices settled flat, but slumped 6% for the week on concerns about a global glut in supplies.

Retailers kept the broader market in check, however, following a rout in both Nordstrom and Williams-Sonoma.

Nordstrom (NYSE:JWN) fell 14% after its earnings, including a one-time item, fell short of estimates. The retailer grew comps 2.3% in the third quarter, below estimates for a 2.4% increase.

Williams-Sonoma (NYSE:WSM) was punished for delivering mixed third-quarter results as earnings beat, but revenue missed consensus estimates, sending its shares tumbling 11%.

The pair of quarterly results followed strong quarterly earnings from other retailers this week, including Walmart (NYSE:WMT) and Macy’s (NYSE:M), but that did little stop the SPDR S&P Retail ETF (NYSE:XRT) falling 4.5% for the week.

Sentiment on stocks were also lifted by easing concerns about steeper U.S. rate increases after Federal Reserve Vice Chairman Richard Clarida indicated that the U.S. central bank may stop at the neutral rate, rather than continue hiking beyond the neutral rate, which might be interpreted as an effective "rate cut," JPMorgan said in a note to clients.

Top S&P 500 Gainers and Losers Today:

Pacific Gas & Electric (NYSE:PCG), Edison International (NYSE:EIX) and NetApp (NASDAQ:NTAP) were among the top S&P 500 gainers for the session.

Nvidia (NASDAQ:NVDA), Nordstrom (NYSE:JWN) and Activision Blizzard (NASDAQ:ATVI) were among the worst S&P 500 performers of the session.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.49%

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Telecoms, Utilities and Oil&Gas sectors led shares higher while losses in the Consumer Services, Technology and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average added 0.49%, while the S&P 500 index climbed 0.22%, and the NASDAQ Composite index declined 0.15%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 2.53% or 3.18 points to trade at 128.77 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 2.33% or 6.17 points to end at 271.11 and McDonald’s Corporation (NYSE:MCD) was up 2.20% or 4.03 points to 187.59 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 1.86% or 1.85 points to trade at 97.69 at the close. Boeing Co (NYSE:BA) declined 1.65% or 5.62 points to end at 335.95 and Visa Inc (NYSE:V) was down 1.17% or 1.66 points to 140.18.

The top performers on the S&P 500 were Pacific Gas&Electric Co (NYSE:PCG) which rose 37.54% to 24.40, Edison International (NYSE:EIX) which was up 15.38% to settle at 54.45 and NetApp Inc (NASDAQ:NTAP) which gained 4.38% to close at 71.89.

The worst performers were NVIDIA Corporation (NASDAQ:NVDA) which was down 18.76% to 164.43 in late trade, Nordstrom Inc (NYSE:JWN) which lost 13.66% to settle at 50.93 and Activision Blizzard Inc (NASDAQ:ATVI) which was down 4.89% to 50.94 at the close.

The top performers on the NASDAQ Composite were TESARO Inc (NASDAQ:TSRO) which rose 31.48% to 34.96, EMC Insurance Group Inc (NASDAQ:EMCI) which was up 30.26% to settle at 31.25 and The Dixie Group Inc (NASDAQ:DXYN) which gained 15.98% to close at 0.980.

The worst performers were Rewalk Robotics Ltd (NASDAQ:RWLK) which was down 45.45% to 0.24 in late trade, Limbach Holdings Inc (NASDAQ:LMB) which lost 27.46% to settle at 6.05 and Euroseas Ltd (NASDAQ:ESEA) which was down 25.45% to 1.230 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1606 to 1455 and 96 ended unchanged; on the Nasdaq Stock Exchange, 1386 fell and 1231 advanced, while 106 ended unchanged.

Shares in NVIDIA Corporation (NASDAQ:NVDA) fell to 52-week lows; losing 18.76% or 37.96 to 164.43. Shares in Activision Blizzard Inc (NASDAQ:ATVI) fell to 52-week lows; down 4.89% or 2.62 to 50.94. Shares in McDonald’s Corporation (NYSE:MCD) rose to all time highs; gaining 2.20% or 4.03 to 187.59. Shares in Rewalk Robotics Ltd (NASDAQ:RWLK) fell to all time lows; losing 45.45% or 0.20 to 0.24. Shares in EMC Insurance Group Inc (NASDAQ:EMCI) rose to all time highs; rising 30.26% or 7.26 to 31.25. Shares in Limbach Holdings Inc (NASDAQ:LMB) fell to all time lows; falling 27.46% or 2.29 to 6.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 9.21% to 18.14.

Gold Futures for December delivery was up 1.88% or 22.60 to $1221.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.60% or 0.34 to hit $56.80 a barrel, while the January Brent oil contract rose 0.51% or 0.34 to trade at $66.96 a barrel.

EUR/USD was up 0.76% to 1.1414, while USD/JPY fell 0.70% to 112.86.

The US Dollar Index Futures was down 0.49% at 96.32.

Gold Posts Best Weekly Gain in Five on Brexit

Investing.com - Theresa May could be fighting for her political survival, but the Brexit crisis she's in has thrown gold bulls a lifeline.

Initially resigned to losing the market's $1,200 support level as the week began, fans of the yellow metal not only got to stay in their comfort zone but also saw their best weekly gain in five as hedgers rushed to the relative safely of bullion after the pounding taken by sterling from Britan's EU-exit woes.

COMEX gold futures for December delivery settled up $8, or 0.7%, at $1,223 per troy ounce after running up to $1,225.90 earlier. For the week, it rose 1.4%, its best gain since the week ended Oct. 5.

Bullion bears have hoped to send gold sharply below $1,200, a support in place since September, to exploit further weakness in the $1,100 levels.

"Gold continues steady rally from Brexit worries," said George Gero, precious metals analyst at RBC Wealth Management in New York.

After her unpopular Brexit draft unveiled earlier in the week, UK Prime Minister May was battling to halt a growing revolt from the Tory right as half a dozen more backbenchers came out in favor of a no-confidence vote against her, with signs more MPs would join next week.

The U.K. political drama aside, gold was also propped up by flagging hopes for a US-China trade settlement after a senior Trump administration official was quoted telling Reuters that Beijing's written response to U.S. demands, received earlier this week, was unlikely to result in a deal.

The dollar, a contrarian trade to gold, also contributed to the yellow metal's advance, sliding 0.5%.

Among other precious metals on COMEX, silver rose 3.1% to $14.38 per ounce.

Palladium surged 1.9 % to $1,158.90 per ounce, while sister metal platinum rose 0.3% to $847.70.

In base metals, COMEX copper rose 1.7% to $2.80 per pound.

MarketPulse: Retailers Up for Sale as Nordstrom, Williams-Sonoma Plunge

Investing.com - Retailers were nursing losses heading into the close, led by plunge in Nordstrom and Williams-Sonoma on concerns about soft quarterly earnings and guidance.

Nordstrom (NYSE:JWN) fell 14% after its quarterly results fell short on earnings, revenue and comps. The retailer grew comps 2.3% in the third quarter, below estimates for a 2.4% increase.

The retailer blamed the earnings miss on a non-recurring credit-card-related charge after disclosing that some cardholders with delinquent accounts were erroneously charged higher interest. Excluding that charge, Nordstrom actually beat profit expectations.

But there is little mercy for retail stocks lately, even those like Macy’s (NYSE:M) and Walmart (NYSE:WMT) that had strong results and guidance.

Williams-Sonoma Inc (NYSE:WSM) was punished for revealing a slowdown in comps and compressed margins in the third quarter, sending its shares down more than 11%.

The company recorded third-quarter earnings of $0.95 a share, $0.01 above analysts' estimate of $0.94. Revenue for the quarter came in at $1.36 billion, just below the consensus estimate of $1.37 billion.

RBC singled out slowing comps and compressed margins as headwinds for the company in the quarter, partly driven by delayed product receipts from Chinese port congestion.

Walmart added to losses from a day earlier, when its upbeat quarterly results were overshadowed by concerns over whether the retailer can sustain the pace of growth seen in quarter. Its shares fell 2%.

Brazil stocks higher at close of trade; Bovespa up 2.94%

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

At the close in Sao Paulo, the Bovespa added 2.94%.

The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET3), which rose 8.65% or 1.99 points to trade at 25.00 at the close. Meanwhile, Braskem SA (SA:BRKM5) added 7.46% or 3.71 points to end at 53.41 and Gerdau SA Pref (SA:GGBR4) was up 7.26% or 1.10 points to 16.25 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 1.58% or 0.18 points to trade at 11.22 at the close. Suzano Papel e Celulose SA (SA:SUZB3) declined 1.40% or 0.55 points to end at 38.60 and Cielo SA (SA:CIEL3) was down 0.81% or 0.08 points to 9.75.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 295 to 111 and 35 ended unchanged.

Shares in Centrais Eletricas Brasileiras SA (SA:ELET3) rose to 52-week highs; up 8.65% or 1.99 to 25.00. Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; down 0.81% or 0.08 to 9.75.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 5.20% to 36.44 a new 3-months low.

Gold Futures for December delivery was up 1.94% or 23.30 to $1222.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.55% or 0.31 to hit $56.77 a barrel, while the December US coffee C contract rose 2.48% or 2.73 to trade at $112.78 .

USD/BRL was down 1.06% to 3.7439, while EUR/BRL fell 0.36% to 4.2722.

The US Dollar Index Futures was down 0.49% at 96.32.

Colombia stocks higher at close of trade; COLCAP up 0.33%

Investing.com – Colombia stocks were higher after the close on Friday, as gains in the Investment, Agriculture and Financials sectors led shares higher.

At the close in Colombia, the COLCAP added 0.33%.

The best performers of the session on the COLCAP were Pfgrupsura (CN:SIS_p), which rose 3.10% or 940.0 points to trade at 31220.0 at the close. Meanwhile, Canacol Energy Ltd (CN:CNE) added 2.56% or 250.0 points to end at 10000.0 and Grupo Nutresa SA (CN:NCH) was up 1.98% or 460.0 points to 23660.0 in late trade.

The worst performers of the session were Corporacion Financiera Colombiana SA (CN:CFV), which fell 2.67% or 560.0 points to trade at 20400.0 at the close. Banco Davivienda Pf (CN:DVI_p) declined 1.82% or 620.0 points to end at 33500.0 and Celsia SA (CN:CEL) was down 1.18% or 50.0 points to 4200.0.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 18 to 8 and 2 ended unchanged.

US coffee C for December delivery was up 2.48% or 2.73 to $112.78 . Elsewhere in commodities trading, US cocoa for delivery in March rose 3.05% or 66.00 to hit $2232.00 , while the December Gold Futures contract rose 1.96% or 23.50 to trade at $1222.70 a troy ounce.

USD/COP was down 0.94% to 3168.35, while BRL/COP rose 0.13% to 846.20.

The US Dollar Index Futures was down 0.49% at 96.32.

Dollar Hurt by Cautious Clarida Remarks, Sterling Rebound

Investing.com - The dollar swooped lower against its rivals Friday, and looked set to snap a four-week winning streak, after Federal Reserve Vice Chairman Richard Clarida flagged concerns about global growth and delivered somewhat dovish remarks on monetary policy.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.46% to 96.35.

Clarida told CNBC on Friday the Fed is getting closer to a neutral rate -- one that neither overstimulates the economy, nor stifles growth -- and cited "some evidence" that global economy is slowing.

Clarida's remarks was viewed as dovish, sending the dollar tumbling, leading some to speculate whether the Fed would pause its gradual rate hikes sooner than expected, despite analysts downplaying the remarks.

RBC said that the market reactions to interpretations of the Fed "seem completely backwards," as there was "nothing in the economic data has shifted the Fed’s growth and inflation outlook."

Economic data offered little in the way of support for the greenback, as industrial production fell short of economists' estimates.

Industrial production, a measure of output at factories, mines and utilities, rose a 0.1% in October, the Federal Reserve said Friday. This was slightly below the 0.2% rise forecast by economists.

A rebound in the pound following its worst slump of the year Thursday also kept a lid on the greenback, as traders were relieved that no additional ministers had resigned from UK Prime Minister Theresa May's government as she prepares to sell her deal to parliament and could face another leadership challenge.

GBP/USD rose 0.45% to $1.2832, EUR/USD rose 0.72% to $1.1410.

USD/JPY traded fell 0.74% to Y112.81 and USD/CAD fell 0.14% to C$$1.3160. The loonie was underpinned by strong oil prices, which rebounded for a third-straight day Friday.

Spain stocks lower at close of trade; IBEX 35 down 0.18%

Investing.com – Spain stocks were lower after the close on Friday, as losses in the Financial Services&Real Estate, Chemical, Petroleum&Plastic and Building&Construction sectors led shares lower.

At the close in Madrid, the IBEX 35 lost 0.18%.

The best performers of the session on the IBEX 35 were Melia Hotels (MC:MEL), which rose 2.83% or 0.240 points to trade at 8.720 at the close. Meanwhile, Tecnicas Reunidas (MC:TRE) added 1.67% or 0.370 points to end at 22.500 and Acciona (MC:ANA) was up 1.32% or 1.020 points to 78.440 in late trade.

The worst performers of the session were Inmobiliaria Colonial SA (MC:COL), which fell 2.33% or 0.205 points to trade at 8.595 at the close. Cie Automotive (MC:CIEA) declined 1.61% or 0.360 points to end at 22.040 and BBVA (MC:BBVA) was down 1.33% or 0.066 points to 4.911.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 101 to 63 and 21 ended unchanged.

Gold Futures for December delivery was up 1.91% or 22.90 to $1222.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.12% or 0.07 to hit $56.39 a barrel, while the January Brent oil contract rose 0.02% or 0.01 to trade at $66.63 a barrel.

EUR/USD was up 0.78% to 1.1416, while EUR/GBP rose 0.24% to 0.8891.

The US Dollar Index Futures was down 0.50% at 96.31.

Netherlands stocks lower at close of trade; AEX down 0.47%

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

At the close in Amsterdam, the AEX fell 0.47%.

The best performers of the session on the AEX were Galapagos NV (AS:GLPG), which rose 1.17% or 1.060 points to trade at 91.380 at the close. Meanwhile, ASR Nederland NV (AS:ASRNL) added 0.65% or 0.26 points to end at 40.14 and Unilever NV DRC (AS:UNc) was up 0.65% or 0.32 points to 49.04 in late trade.

The worst performers of the session were ASML Holding NV (AS:ASML), which fell 2.99% or 4.56 points to trade at 147.74 at the close. Altice NV (AS:ATCA) declined 2.13% or 0.05 points to end at 2.11 and ABN AMRO Group NV (AS:ABNd) was down 1.96% or 0.45 points to 22.46.

Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 69 to 55 and 15 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 10.61% to 15.89.

Crude oil for December delivery was down 0.39% or 0.22 to $56.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.23% or 0.15 to hit $66.47 a barrel, while the December Gold Futures contract rose 1.94% or 23.30 to trade at $1222.50 a troy ounce.

EUR/USD was up 0.78% to 1.1416, while EUR/GBP rose 0.20% to 0.8888.

The US Dollar Index Futures was down 0.50% at 96.31.

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