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POPULAR NEWS
Oil Holds Loss as Iraq Seeks to Revive Output From Kirkuk Fields

Oil held losses as Iraq sought to revive output from fields in the country™s northern Kurdish regions and as U.S. fuel inventories increased. Futures added 0.2 percent in New York after dropping 1.4 percent Thursday. Iraq engineers worked to replace equipment missing from oil fields in the disputed Kirkuk province that government troops recaptured this week from Kurdish forces, a person with knowledge of the situation said. U.S. gasoline stockpiles rose for a fourth week...

Gold Heads for Weekly Drop as U.S. Equities at Record

Gold heads for fifth weekly decline in six, with U.S. stocks at record levels and investors weighing monetary policy implications of a new chair of U.S. Federal Reserve. Bullion for immediate delivery -0.3% to $1,285.92/oz at 9:40am in Singapore, according to Bloomberg generic pricing Price -1.4% this week S&P 500 Index eked out gain to finish at fresh all-time high Bloomberg Dollar Spot Index +0.3% this week Yield on 10-year Treasuries steady at...

Tokyo Stocks Open Lower, Nissan Under Pressure

Tokyo stocks opened lower Friday on profit-taking after the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped as it unveiled plans to suspend production amid an inspection scandal. The Nikkei 225 fell 0.32 percent, or 67.72 points, to 21,380.80 in early trade, while the broader Topix index lost 0.36 percent, or 6.19 points, to 1,723.85. Source: AFP

U.S. stocks close at records on tax cut hopes

U.S. benchmark stock indexes all rose on Friday to close at record levels after the Senate adopted a federal budget for next year, a key step on the road to tax cuts. The Dow Jones Industrial Average advanced 164 points to 23326, and was up 2.0% for the week. The Nasdaq Composite Index gained 24 points at 6629. The S&P 500 was up 13 points to 2575, and 0.9% for the week. The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight...

Gold Prices Decline as Dollar Gains Strength on Tax Reform Hopes

The gold selloff resumed on Friday, with the metal set to suffer its worst weekly performance in a month as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery lost $7.10, or 0.6%, to $1,282.90 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.7% weekly drop. That would mark the worst week since Sept. 22, according to FactSet data. Silver for December lost 0.3% to $17.20 an ounce, putting it on...

Dollar loses some steam after jobless claims, PPI boost
Friday, 13 October 2017 03:48 WIB | CURRENCIES |DOLLARDolar AS

The U.S. dollar retraced some of the earlier gains against many of its rivals on Thursday, which had been boosted by better-than-expected jobless claims.

Meanwhile, the British pound, which was one of the underperformers for most of the session, took a turn for the better after reports that Brussels would grant the U.K. a two-year extension in the single market.

The ICE U.S. dollar index was up less than 0.1% at 93.060, trying to snap a string of four straight declines. Meanwhile, the WSJ Dollar index which measures the buck against a wider range of currencies, was down 0.1% at 86.37.

The pound recovered after hitting a three-day low earlier in the session, last trading at $1.3265, compared to $1.3223 late Wednesday.

The euro pulled back to $1.1833 from $1.1859 late Wednesday in New York, still holding close to the gains it logged earlier this week after fears of Catalonia™s secession from Spain eased. The shared currency hit its highest level in about three weeks earlier in the session.

The dollar retreated against its Japanese counterpart, with the dollar buying ¥112.23, compared with ¥112.49 late Wednesday.

Against the Swiss franc the buck bought 0.9754 franc, up from 0.9734 franc late Wednesday in New York.

 

Source: Marketwatch

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POPULAR NEWS
Oil Holds Loss as Iraq Seeks to Revive Output From Kirkuk Fields

Oil held losses as Iraq sought to revive output from fields in the country™s northern Kurdish regions and as U.S. fuel inventories increased. Futures added 0.2 percent in New York after dropping 1.4 percent Thursday. Iraq engineers worked to replace equipment missing from oil fields in the disputed Kirkuk province that government troops recaptured this week from Kurdish forces, a person with knowledge of the situation said. U.S. gasoline stockpiles rose for a fourth week...

Gold Heads for Weekly Drop as U.S. Equities at Record

Gold heads for fifth weekly decline in six, with U.S. stocks at record levels and investors weighing monetary policy implications of a new chair of U.S. Federal Reserve. Bullion for immediate delivery -0.3% to $1,285.92/oz at 9:40am in Singapore, according to Bloomberg generic pricing Price -1.4% this week S&P 500 Index eked out gain to finish at fresh all-time high Bloomberg Dollar Spot Index +0.3% this week Yield on 10-year Treasuries steady at...

Tokyo Stocks Open Lower, Nissan Under Pressure

Tokyo stocks opened lower Friday on profit-taking after the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped as it unveiled plans to suspend production amid an inspection scandal. The Nikkei 225 fell 0.32 percent, or 67.72 points, to 21,380.80 in early trade, while the broader Topix index lost 0.36 percent, or 6.19 points, to 1,723.85. Source: AFP

U.S. stocks close at records on tax cut hopes

U.S. benchmark stock indexes all rose on Friday to close at record levels after the Senate adopted a federal budget for next year, a key step on the road to tax cuts. The Dow Jones Industrial Average advanced 164 points to 23326, and was up 2.0% for the week. The Nasdaq Composite Index gained 24 points at 6629. The S&P 500 was up 13 points to 2575, and 0.9% for the week. The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight...

Gold Prices Decline as Dollar Gains Strength on Tax Reform Hopes

The gold selloff resumed on Friday, with the metal set to suffer its worst weekly performance in a month as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery lost $7.10, or 0.6%, to $1,282.90 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.7% weekly drop. That would mark the worst week since Sept. 22, according to FactSet data. Silver for December lost 0.3% to $17.20 an ounce, putting it on...

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