Crude oil settles more than 3% lower but avoids 6th straight weekly loss

Investing.com – Oil prices settled lower on Friday as U.S. refineries continued to recover at a slow pace in the wake of flooding due to Storm Harvey which kept demand for crude oil subdued. On the New York Mercantile Exchange crude futures for October delivery fell more than 3% to settle a ...

China: GDP growth to slow in 2018 – Wells Fargo

Economists at Wells Fargo forecast that China will slowdown in 2018 relatively to 2017. According to them, the government should be able to manage the banking system in case of a crisis.  Key Quotes:  “Volatility rose in financial markets in early 2016 as investors fretted tha ...

Array BioPharma rallies after releasing positive clinical trial data

Investing.com - Array BioPharma Inc (NASDAQ:ARRY) shares climbed on Friday following the company’s release of positive data from a Phase 3 clinical trial assessing the combination of binimetinib, encorafenib and Eli Lilly's Erbitux (cetuximab) in patients with metastatic BRAF-positive colorectal ...

USD/CAD rebounds modestly on Friday, drops 250 pips over the week

USD/CAD is rising modestly on Friday still sharply lower for the week. The pair bottomed earlier today at 1.2060, the lowest level since May 2015 and, at the moment, it trades at 1.2130/35, up 20 pips for the day. CAD: Bad day, great week  The loonie lost strength today after the release o ...

Gold steadies at 1-year highs as dollar tumble continues

Investing.com – Gold prices traded at one-year highs on Friday, supported by continued dollar weakness amid a drop in investor expectations of a December rate hike, after New York Fed president William Dudley appeared to adopt a less hawkish stance on monetary policy tightening. Gold future ...

Eurozone: self-sustaining economic expansion to remain intact – Wells Fargo

Analysts from Wells Fargo, expected the increasingly self-sustaining economic expansion in the eurozone to remain intact and they consider that a tighter ECB policy should lead to a higher euro against the US dollar.  Key Quotes:  “Real GDP has accelerated in the Eurozone, a ...

Retailers hit by Target’s price cuts

Investing.com - Retailers were experiencing a sell-off on Friday, pressured by Target Corporation's (NYSE:TGT) announcement that it will cut prices on thousands of products, from cereal and paper towels to baby formula, razors, bath tissue and more. The news sent Target shares lower, likely becaus ...

Dollar stuck at 32-month low as Fed rate hike outlook sours

Investing.com – The dollar remained at more than two-and-a-half year lows on Friday amid a fall in expectations that the Federal Reserve will hike rates this year while the euro continued its trend higher following the European Central Bank meeting on Thursday. The U.S. dollar index, whic ...

Nigeria stocks lower at close of trade; NSE 30 down 0.37%

Investing.com – Nigeria stocks were lower after the close on Friday, as losses in the Banking, Insurance and Food, Beverages&Tobacco sectors led shares lower. At the close in Lagos, the NSE 30 declined 0.37%. The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), ...

Finisar falls after guiding Q2 revenues below analyst estimates

Investing.com - Finisar Corporation's (NASDAQ:FNSR) shares were lower on Friday, with investors selling off some of their positions in reaction to the company’s lowered current (second) quarter guidance. The company lowered its guidance during Thursday’s after hours session when reporting its first ...

United States Baker Hughes US Oil Rig Count declined to 756 from previous 759

Morocco stocks higher at close of trade; Moroccan All Shares up 0.78%

Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Construction&Building Materials, Insurance and Transport sectors led shares higher. At the close in Casablanca, the Moroccan All Shares gained 0.78% to hit a new 6-months high. The best performers of the ...

What has changed in EM – BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers, shares his views on the emerging markets with the key quotes found below: "South Korea completed installation of the THAAD missile shield.  Four remaining missile launchers arrived at a military base in South Korea ...

Equifax plunges, but cybersecurity names rally in wake of data breach

Investing.com - Equifax Inc (NYSE:EFX) was one of the top losing stocks on Friday, with investors continuing to react to the company’s massive data breach and the fact that some Equifax executives sold stock before the data breach was made public. Equifax announced Thursday afternoon of a massive ...