March crude oil CLH4 -0.31% rose 87 cents, or 0.9%, to settle at $98.23 a barrel on the New York Mercantile Exchange after slipping a nickel on Wednesday. It was the highest close of the year so far for a most-active contract, according to FactSet data. Click Here To Register For Free Trial Services
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Japanese stocks advanced in early trade Friday, with the export-oriented market aided in part by easing in the yen USDJPY -0.20% against the U.S. dollar. The Nikkei Stock Average JP:NIK -1.03% rose 0.7% to 15,116.9, but faced a weekly loss of 1.8%. The broader Topix in early trade was up 0.6%. Standing out were shares of NEC Corp. JP:6701 +8.89% NIPNF -7.27% , rallying 9.3% after the company said it plans to book ¥27 billion ($262.7 million) gain in the fiscal year ending March on the sale of its Internet services operations Biglobe Ltd. to Japan Industrial Partners. Also climbing were shares of Fujitsu Ltd. JP:6702 +10.55% FJTSY +5.22% , up 8.2% after the company swung to a third-quarter profit of ¥12 billion. Click Here To Register For Free Trial Services
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Microsoft Inc. MSFT +0.79% shares rose 1.1% to $37.25 following a report that Satya Nadella, the company’s enterprise and cloud chief, will be named as chief executive. Yahoo Inc. YHOO -0.09% shares were off by 0.9% at $34.98 after the search company took to its Tumblr blog to announce that hackers had tried to break into an undisclosed number of email accounts through a coordinated effort. Click Here To Register For Free Trial Services
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Google GOOG +4.15% shares rose 4.2% to $1,183 on heavy volume, with much of that boost coming as the Q&A period on the company’s earnings conference call started. Read MarketWatch’s blog covering Google’s analyst call. Google shares closed up 2.6% Thursday, charged by the late Wednesday announcement that the company is selling Motorola to Lenovo. Click Here To Register For Free Trial Services
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Gold for February delivery GCG4 +0.08% tacked on 80 cents, or 0.1%, to $1,262.90 an ounce. March silver SIH4 -0.01% gave up a penny to $19.54 an ounce. A day earlier, gold futures closed higher, stoked by fears of an emerging-market crisis and a sharp decline for equities on Wall Street. After that, sellers merged in electronic trading, if only for a while, after the Fed said it’s cutting its stimulus program on Feb. 1 by another $10 billion a month.
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Gold futures closed higher Wednesday, finding support on the back of emerging-market concerns and a sharp decline in U.S equities, but prices for the metal slipped in electronic trading after the Federal Reserve’s decision to taper its bond-buying program by another $10 billion a month to $65 billion. Oil futures on the New York Mercantile Exchange lost more ground following the announcement. February gold GCG4 +0.10% was last at $1,259 an ounce in electronic trading on Globex, after settling at $1,262.20 on the Comex division of Nymex, up $11.40, or 0.9%, ahead of the Fed decision. March crude CLH4 +0.06% was at $97.20 a barrel, down 21 cents, or 0.2%, shortly before the Nymex close.
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Wall Street finished Tuesday’s session with the best gains in two weeks. The S&P 500 closed up 0.6% to 1,792.50, and the Dow industrials DJIA -1.19% ended the session up 0.5% to 15,928.56, breaking a five-day skid. Turkey is the tree — U.S. growth slowing is the new forest. New-home
sales and new orders were nasty slowdowns,” said McCullough.
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Those issues will still be in the spotlight when Facebook FB +12.09% reports results after the market closes on Wednesday, though investors will likely also focus on the bright side, led by the expected gains from video ads and Instagram. Click Here To Register For Free Trial Services
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Shares of Yahoo YHOO +0.03% fell more than 4% in premarket after its results disappointed late Tuesday, prompting concerns that Chief Executive Officer Marissa Mayer still doesn’t have a grip on turning around the Internet services company. Click Here To Register For Free Trial Services
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Ahead of the statement, the euro EURUSD -0.04% was little changed at $1.3658 versus $1.3662 late Tuesday in North America. The pound GBPUSD +0.03% was on par with late Tuesday’s level of $1.6578.
The Australian dollar AUDUSD +0.29% advanced to 88.07 U.S. cents from 87.73 U.S. cents. Click Here To Register For Free Trial Services
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Gold for February delivery GCG4 +0.21% in electronic trade was up $2.80, or 0.2%, to $1,252.80 an ounce. March silver SIH4 +0.42% added 6 cents, or 0.3%, to $19.56 an ounce. A day earlier, gold futures made it two sessions in a row in the red, as improving consumer confidence helped boost equities. Click Here To Register For Free Trial Services
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Crude futures on the New York Mercantile Exchange also gained, outperforming the rise in Brent crude as traders waited for weekly petroleum-supply data that is expected to show a steep drawdown in distillate inventories. As of the week ended Jan. 17, working gas in storage totalled 2.423 trillion cubic feet, according to the U.S. Energy Information Administration, down about 13% from the five-year average. Click Here To Register For Free Trial Services
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February natural gas NGG14 -1.15% advanced 19 cents, or 3.8%, to settle at $5.03 per million British thermal units on Nymex. The contract expires at the close of Nymex trading on Wednesday. March natural gas NGH14 -0.97% , which will become the front month, added 27 cents, or 5.7%, to $4.94 per million British thermal units. Click Here To Register For Free Trial Services
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Yahoo Inc. YHOO -2.43% will report after the U.S. market close Tuesday. European stocks broke a three-day losing streak, while Asia closed with mostly mild losses. Crude-oil and natural-gas prices were higher, while gold was moving south. The dollar pared gains against the yen USDJPY +0.30% after the durable goods data disappointed. Click Here To Register For Free Trial Services
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The pressure on technology stocks was attributed to Apple AAPL +0.41% , which posted disappointing iPhone sales in its fiscal second-quarter report after Monday’s close. Shares followed up a 7.6% after-hours drop with a continuing decline of 7.5% in premarket trading. Click Here To Register For Free Trial Services
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THE Straits Times Index dropped 33.56 points, or 1.09 per cent, to 3042.43.
The FTSE ST Mid Cap Index lost 0.80 per cent while the FTSE ST Small Cap Index fell 1.25 per cent.
Among the top actives, SingTel declined 0.57 per cent, DBS lost 0.60 per cent, Keppel Corp was down 1.50 per cent, UOB dropped 0.45 per cent and GLP lost 1.04 per cent.
Of the outperforming sectors, the FTSE ST Basic Materials Index added 0.67 per cent.
Of the two biggest stocks, Midas Holdings fell 1.05 per cent and Geo Energy Resources dropped 1.54 per cent. Click Here To Register For Free Trial Services
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The Australian dollar AUDUSD +0.41% fetched 87.87 U.S. cents, up from 87.38 U.S. cents on Monday. Most economists hadn’t anticipated any change in the policy repurchases rate, according to Reuters. The dollar USDINR -0.79% rose to 63.19 rupee from 62.97 rupees just after the central bank’s decision, but it soon pulled back to trade at 62.95 rupees.
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Elsewhere in metals trading, platinum for April delivery PLJ4 +0.01% rose $1.20, or 0.1%, to $1,422.30 an ounce while March palladium PAH4 +0.30% added $2.60, or 0.4%, to $725.15 an ounce. High-grade copper for March delivery HGH4 +0.17% tacked on a penny to $3.26 a pound. Click Here To Register For Free Trial Services
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Google Inc. GOOG -3.13% has acquired artificial-intelligence firm DeepMind Technologies Ltd., reports said Monday, with a Recode report citing a price of $400 million for the London-based start-up. The company was founded in 2012 and employs learning algorithms for use in simulations, e-commerce and games, Reuters said. Click Here To Register For Free Trial Services
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Singapore Exchange (SGX) will introduce the so-called circuit breakers, so as to protect investors from the fluctuating stock market.
The circuit breakers will come into effect from 24 February, and is applicable to Straits Times Index (FSSTI), MSCI Singapore Index members and all securities priced from 50 Singapore cents. The circuit breakers will be triggered when a stock edges up or down by more than 10% from at least five minutes earlier, resulting in a five-minute period where trading will be restricted. Click Here To Register For Free Trial Services
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