dpa-AFX NEWSTICKER (product sample)

18.08.2017

Primeenergy Corp. Announces 86% Drop In Q2 Profit

WASHINGTON (dpa-AFX) - Primeenergy Corp. (PRNG) reported a profit for second quarter that lost ground compared to the same period last year.The company said its bottom line dropped to $0.36 million, or $0.12 per share. This was down from $2.53 million, or $0.83 per share, in last year's second quarter.The company said revenue for the quarter rose 53.1% to $21.53 million. This was up from $14.06 million last year.Primeenergy Corp. earnings at a glance:-Earnings (Q2): $0.36 Mln. vs. $2.53 Mln. last year.-Earnings Decline (Y-o-Y): -85.8%-EPS (Q2): $0.12 vs. $0.83 last year.-EPS Decline (Y-o-Y): -85.5%-Revenue (Q2): $21.53 Mln vs. $14.06 Mln last year.-Revenue Change (Y-o-Y): 53.1%Copyright RTT News/dpa-AFX
18.08.2017

Estee Lauder Holding On To Strong Gain In Late-Day Trading

WASHINGTON (dpa-AFX) - Shares of Estee Lauder (EL) have pulled back off their highs of the session but continue to see significant strength in late-day trading on Friday. After reaching a record intraday high, Estee Lauder is currently up by 7.9 percent.The rally by Estee Lauder comes after the cosmetics maker reported better than expected fiscal fourth quarter results and provided upbeat guidance.Copyright RTT News/dpa-AFX
18.08.2017

Gap Turns Lower After Seeing Early Strength

SAN FRANCISCO (dpa-AFX) - After rising sharply early in the session, shares of Gap (GPS) have turned lower over the course of the trading day on Friday. Gap is currently down by 1.4 percent.The pullback by Gap comes even though the apparel retailer reported second quarter results that beat estimates and raised its full-year forecast.Copyright RTT News/dpa-AFX
18.08.2017

Tenet Healthcare Rebounds After Board Members Resign

WASHINGTON (dpa-AFX) - Hospital operator Tenet Healthcare (THC) has shown a strong move to the upside during trading on Friday, jumping by 13.5 percent. Shares of Tenet are bouncing off an eight-year closing low.The rebound by Tenet comes after Randy Simpson and Matt Ripperger resigned from the company's board of directors, leading to speculation of a potential proxy fight.Copyright RTT News/dpa-AFX
18.08.2017

USANA To Expand In Four European Countries Beginning Mid-year 2018 =

MADRID (dpa-AFX) - Nutritional company USANA Health Sciences, Inc. (USNA) said it will be expanding in four European countries beginning mid-year 2018. The company noted that the new markets - Romania, Germany, Italy and Spain - will increase its global footprint to 24 from 20 markets worldwide.USANA CEO Kevin Guest said, 'This expansion is a great way for us to impact the health of even more individuals in Europe, which is in-line with our ultimate goal of creating the healthiest family on earth.'These new European markets will be supported by both in-country Field Development Managers and by USANA's European headquarters in Paris, France. Currently, all four markets are open to Preferred Customers.Copyright RTT News/dpa-AFX
18.08.2017

Company Spotlight: ANI Pharmaceuticals

WASHINGTON (dpa-AFX) - In today's Spotlight column, the company we are featuring is ANI Pharmaceuticals Inc. (ANIP).ANI Pharma develops, manufactures and markets branded and generic prescription pharmaceuticals, and also provides contract manufacturing services to select clients. The Company markets 23 generic prescription pharmaceuticals, 7 branded prescription pharmaceuticals, and offers contract manufacturing services to 4 customers.ANI Pharmaceuticals also has a well-stocked pipeline - with 71 generic products and 5 branded products in development, addressing a total annual market size of $3.7 billion, based on data from IMS Health.Of particular interest in the branded product pipeline is the re-commercialization of Cortrophin Gel and Cortrophin-Zinc, which according to the Company is a strategic opportunity.Cortrophin Gel is used as a diagnostic agent in the screening of patients presumed to have adrenocortical insufficiency. Cortrophin-Zinc (Zinc Hydroxide) is a topical skin product that is used as a protective coating for mild skin irritations and abrasions. (Source: MIN).The following is the latest update related to Corticotropin re-commercialization.'The manufacturing of an intermediate scale batch of Corticotropin API by ANI Pharma's active pharmaceutical ingredient ('API') manufacturer is expected to be completed in the third quarter of 2017. Shortly after completing the first intermediate scale batch of API, the Company intends to manufacture a second intermediate scale batch, starting the third quarter of 2017. ANI Pharma has identified a finished dosage form contract manufacturer and intends to initiate Corticotropin finished dosage form manufacturing in the third quarter of 2017. The Company intends to meet and present its Regulatory Filing Plan to the FDA in the second half of 2017'.Recent event:On August 3, 2017, the Company reported strong second quarter financial results.In the recent second quarter, net income rose to $2.68 million or $0.23 per share on revenues of $44.76 million. This compared with a net income of $1.12 million or $0.10 per share and revenue of $31.34 million in the year-ago quarter. Adjusted non-GAAP earnings per share were $0.98 in Q2, 2017, up from $0.75 in the comparable year-ago quarter.Looking ahead, the Company expects net revenues for 2017 to be between $181 million and $190 million, and adjusted non-GAAP earnings per share to be between $3.58 and $3.94. In 2016, the net revenue was $128.6 million and adjusted non-GAAP net income per share was $3.78.Shares of ANI Pharma have traded in a range of $42.23 to $69.85 over the last 1 year. The stock closed Thursday's trading at $45.76, up 2.46%. When we first alerted this stock to our premium subscribers in November 2013, it was trading around $11.42.Copyright RTT News/dpa-AFX
18.08.2017

Company Spotlight: ANI Pharmaceuticals

WASHINGTON (dpa-AFX) - In today's Spotlight column, the company we are featuring is ANI Pharmaceuticals Inc. (ANIP).ANI Pharma develops, manufactures and markets branded and generic prescription pharmaceuticals, and also provides contract manufacturing services to select clients. The Company markets 23 generic prescription pharmaceuticals, 7 branded prescription pharmaceuticals, and offers contract manufacturing services to 4 customers.ANI Pharmaceuticals also has a well-stocked pipeline - with 71 generic products and 5 branded products in development, addressing a total annual market size of $3.7 billion, based on data from IMS Health.Of particular interest in the branded product pipeline is the re-commercialization of Cortrophin Gel and Cortrophin-Zinc, which according to the Company is a strategic opportunity.Cortrophin Gel is used as a diagnostic agent in the screening of patients presumed to have adrenocortical insufficiency. Cortrophin-Zinc (Zinc Hydroxide) is a topical skin product that is used as a protective coating for mild skin irritations and abrasions. (Source: MIN).The following is the latest update related to Corticotropin re-commercialization.'The manufacturing of an intermediate scale batch of Corticotropin API by ANI Pharma's active pharmaceutical ingredient ('API') manufacturer is expected to be completed in the third quarter of 2017. Shortly after completing the first intermediate scale batch of API, the Company intends to manufacture a second intermediate scale batch, starting the third quarter of 2017. ANI Pharma has identified a finished dosage form contract manufacturer and intends to initiate Corticotropin finished dosage form manufacturing in the third quarter of 2017. The Company intends to meet and present its Regulatory Filing Plan to the FDA in the second half of 2017'.Recent event:On August 3, 2017, the Company reported strong second quarter financial results.In the recent second quarter, net income rose to $2.68 million or $0.23 per share on revenues of $44.76 million. This compared with a net income of $1.12 million or $0.10 per share and revenue of $31.34 million in the year-ago quarter. Adjusted non-GAAP earnings per share were $0.98 in Q2, 2017, up from $0.75 in the comparable year-ago quarter.Looking ahead, the Company expects net revenues for 2017 to be between $181 million and $190 million, and adjusted non-GAAP earnings per share to be between $3.58 and $3.94. In 2016, the net revenue was $128.6 million and adjusted non-GAAP net income per share was $3.78.Shares of ANI Pharma have traded in a range of $42.23 to $69.85 over the last 1 year. The stock closed Thursday's trading at $45.76, up 2.46%. When we first alerted this stock to our premium subscribers in November 2013, it was trading around $11.42.Copyright RTT News/dpa-AFX
18.08.2017

H&E Prices Senior Notes Offering

WASHINGTON (dpa-AFX) - H&E Equipment Services, Inc. (HEES) announced the pricing of $750 million aggregate principal amount of its senior notes due 2025 in an unregistered offering. The Notes will pay interest semi-annually at a rate of 5.625% per annum. The Notes will be senior unsecured obligations of the company and will be guaranteed by certain of its domestic restricted subsidiaries. The offering is expected to close on August 24, 2017, subject to the satisfaction of customary closing conditions.Copyright RTT News/dpa-AFX
18.08.2017

Peabody Says Secondary Offering By Certain Selling Stockholders Has Been Priced

WASHINGTON (dpa-AFX) - Peabody Energy Corp. (BTU) announced Friday that the underwritten secondary offering of 12.8 million shares of its common stock by certain of its existing stockholders affiliated with Discovery Capital Management, LLC has been priced.Peabody has agreed to repurchase from the underwriter a number of these shares having an aggregate value of approximately $40 million.The selling stockholders will receive all of the net proceeds from the offering. Peabody is not offering any shares in the offering and will not receive any proceeds from the sale.Also, none of Peabody's officers or directors are selling any shares in the offering. The shares being offered were previously issued by Peabody in connection with its emergence from Chapter 11 on April 3 and subsequent conversions of preferred stock.Further, the company said its per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the selling stockholders. Peabody expects to fund the share repurchase with cash on hand.The offering and share repurchase are expected to close on August 23, subject to the satisfaction of customary closing conditions.Credit Suisse is acting as the sole underwriter of the offering.Copyright RTT News/dpa-AFX
18.08.2017

Estée Lauder Targets 9-11% Earnings Growth In FY18

WASHINGTON (dpa-AFX) - The Estée Lauder Companies Inc. (EL) announced, for fiscal 2018, net earnings per share before charges associated with restructuring and other activities are projected to be between $3.87 and $3.94. On a constant currency basis, before charges associated with restructuring and other activities, earnings per share are expected to increase between 9% and 11%. Net sales are forecasted to increase between 8% and 9% versus the prior-year period. Net sales are forecasted to grow between 7% and 8% in constant currency.For the first-quarter, the company projects net earnings per share before charges associated with restructuring and other activities to be between $0.94 and $0.97 for an increase of 12% to 15% over the prior-year period. Net sales are forecasted to increase between 9% and 10% versus the prior-year period both on a reported and constant currency basis.Fabrizio Freda, CEO, said: 'We expect the great momentum we built throughout the past year to continue in fiscal 2018. Our full-year outlook in constant currency reflects net sales growth of 7% to 8%, including incremental sales from our fiscal 2017 acquisitions, and 9% to 11% earnings per share growth. Looking out over the next three years, we continue to target constant currency net sales growth of 6% to 8% and double-digit EPS growth.'Adjusting for the restructuring and other charges and other adjustments, net earnings per share for the three months ended June 30, 2017 was $0.51, and in constant currency rose 25%. Excluding the impact of foreign currency translation, net sales increased 11%.Copyright RTT News/dpa-AFX
18.08.2017

The Swiss Stock Market Extended Recent Losses

BRUSSELS (dpa-AFX) - The Swiss stock market ended Friday's session solidly in negative territory, extending the loss from the previous day. The deadly terror attack in Spain had a negative impact on investor sentiment at the end of the trading week. Meanwhile, investors also remain concerned that U.S. President Trump will be unable to implement the tax reforms and infrastructure programs that were promised during the election.The Swiss Market Index decreased by 0.79 percent Friday and finished at 8,874.35. The Swiss Leader Index dropped 0.76 percent and the Swiss Performance Index lost 0.79 percent.Sika declined 2.3 percent, Aryzta dropped 2.2 percent and Dufry fell 1.9 percent. The index heavyweights all finished in the red Friday. Roche weakened by 1.2 percent and Novartis surrendered 1.1 percent. The stocks were under pressure due to the news that U.S. House Democrats have launched an investigation into price increases for multiple sclerosis drugs. Shares of Nestlé also finished lower by 0.5 percent.Geberit decreased 1.1 percent. The stock extended yesterday's losses following the release of its disappointing half year results.Copyright RTT News/dpa-AFX
18.08.2017

The Swiss Stock Market Extended Recent Losses

BRUSSELS (dpa-AFX) - The Swiss stock market ended Friday's session solidly in negative territory, extending the loss from the previous day. The deadly terror attack in Madrid had a negative impact on investor sentiment at the end of the trading week. Meanwhile, investors also remain concerned that U.S. President Trump will be unable to implement the tax reforms and infrastructure programs that were promised during the election.The Swiss Market Index decreased by 0.79 percent Friday and finished at 8,874.35. The Swiss Leader Index dropped 0.76 percent and the Swiss Performance Index lost 0.79 percent.Sika declined 2.3 percent, Aryzta dropped 2.2 percent and Dufry fell 1.9 percent. The index heavyweights all finished in the red Friday. Roche weakened by 1.2 percent and Novartis surrendered 1.1 percent. The stocks were under pressure due to the news that U.S. House Democrats have launched an investigation into price increases for multiple sclerosis drugs. Shares of Nestlé also finished lower by 0.5 percent.Geberit decreased 1.1 percent. The stock extended yesterday's losses following the release of its disappointing half year results.Copyright RTT News/dpa-AFX
18.08.2017

European Markets Fell After Deadly Madrid Terror Attack

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The European markets ended Friday's session firmly in negative territory, extending their losses from the previous session. Investor sentiment was negatively impacted by a deadly terror attack in Spain. Travel and leisure stocks were under heavy pressure following the attack.A van mowed down pedestrians in the heart of Spain's second-largest city Barcelona on Thursday, killing at least 13 people in a terror attack claimed by Islamic State. More than 100 others were reportedly injured, many so severely that the death toll could rise.The pan-European Stoxx Europe 600 index weakened by 0.72 percent. The Euro Stoxx 50 index of eurozone bluechip stocks decreased 0.46 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, lost 0.69 percent.The DAX of Germany dropped 0.31 percent and the CAC 40 of France fell 0.64 percent. The FTSE 100 of the U.K. declined 0.86 percent and the SMI of Switzerland finished lower by 0.79 percent.In Frankfurt, Deutsche Lufthansa, which is in talks to buy a majority of insolvent airline Air Berlin's assets, rose 0.15 percent.In Paris, Air France-KLM dropped 1.59 percent.In London, British Airways owner International Consolidated Airlines fell 1.92 percent, easyJet dropped 0.92 percent, InterContinental Hotels Group shed 1.60 percent and cruise-ship operator Carnival declined 1.21 percent.Shanta Gold surged 11.54 percent. The company narrowed its first-half loss and said it would not acquire Helio as previously announced.The euro area current account surplus declined to the lowest in nearly three years in June, the European Central Bank said Friday. The current account surplus fell to EUR 21.2 billion in June from EUR 30.5 billion in May. This was the lowest level since August 2014. Eurozone construction output decreased for the second straight month in June, Eurostat reported Friday. Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May.German producer prices rose at the slowest pace so far this year in July, data from Destatis showed Friday.Producer prices for industrial products advanced 2.3 percent year-on-year in July, slightly weaker than the 2.4 percent increase seen in June. This was the weakest since December, when prices gained 1 percent. Economists had forecast 2.2 percent annual increase.With consumer expectations showing a significant rebound, the University of Michigan released a report on Friday showing a much bigger than expected improvement in U.S. consumer sentiment in the month of August.The report said the preliminary reading on the consumer sentiment index for August jumped to 97.6 from the final July reading of 93.4. Economists had expected the index to inch up to 94.0.Copyright RTT News/dpa-AFX
18.08.2017

Wall Street Set To Bounce Back

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The earnings season is narrowing down and there are no major economic announcements for the day, except the consumer sentiment report. The Market is showing a direction to bounce back on Friday as the initial trading at the U.S. Futures Index are mostly on a positive note. Asian shares closed mostly lower, while European share are trading in the red. As of 6.45 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were up 1.25 points and the Nasdaq 100 futures were climbing 16.25 points.U.S. stocks closed down on Thursday. The Dow tumbled 274.14 points or 1.2 percent to 21,750.73, the Nasdaq plummeted 123.19 points or 1.9 percent to 6,211.91 and the S&P 500 slumped 38.10 points 1.5 percent to 2,430.01.On the economic front, the Institute for Social Research of the University of Michigan's Consumer Sentiment for August will be issued at 10.00 am ET. The economists are looking consensus of 94.0, slightly down from 93.4 in the previous month. Dallas Federal Reserve Bank President Robert Kaplan will participate in a moderated Q&A session at the Dallas County Community College District Conference Day 2017 in Dallas, with audience Q&A at 10.15 am ET. The Baker Hughes North American rig count for the week will published at 1.00 pm ET. The prior week North American Rig Count was 1169 and U.S. rig counts were 949. Lenovo Group Ltd. Reported net loss attributable to equity holders for the first-quarter of about $72 million, compared to profit of $173 million reported in the corresponding period of last year. Loss per share was $0.66 cents, compared with earnings per share $1.56 cents last year.The Group's consolidated revenue was almost flat year-on year with 0.4 percent decline year-on-year or an increase of 0.8 percent excluding currency impact to $10.012 billion.Deere & Co. (DE) reported third quarter net income attributable to the company of $642 million, up 31 percent from $489 million in the prior year. On a per share basis, earnings grew to $1.97 from $1.55 last year. Total Net sales for the quarter climbed 17 percent to $6.833 billion from $5.861 billion a year ago. Asian stocks closed mostly down on Friday. Chinese shares closed on a steady note amid optimism over earnings and improving growth. The benchmark Shanghai Composite index finished marginally higher at 3,268.72 while Hong Kong's Hang Seng index closed down 296.65 points or 1.08 percent at 27,047.57.Japanese shares hit 3-1/2-month lows as the yen strengthened amid U.S. political worries. The Nikkei average fell 232.22 points or 1.18 percent to 19,470.41, its lowest level since May 2. The broader Topix index closed 1.08 percent lower at 1,597.36.Australian shares fell notably. The benchmark S&P/ASX 200 index dropped 32.10 points or 0.56 percent to 5,747.10 but ended the week up by 0.9 percent. The broader All Ordinaries index ended down 28.70 points or 0.49 percent at 5,798.50.The big four banks fell between 0.6 percent and 1.6 percent. Miners also succumbed to selling pressure, with Forescue Metals Group and BHP Billiton losing 1-2 percent, as base metal prices edged down from multi-year highs.European shares are trading in the red. Among the major indices, CAC 40 of France is dow 54.64 points or 1.06 percent. DAX of Germany is declining 72.42 points or 0.59 percent. FTSW 100 of England is slipping 72.79 points or 0.98 percent. Swiss Market Index is down 80.33 points or 0.90 percent. Euro Stoxx 50, that provides a Blue-chip representation of supersector leaders in the Eurozone, is currently down 0.88 percent.Copyright RTT News/dpa-AFX
18.08.2017

Futures Suggest A Bounce Back For Wall Street

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The earnings season is narrowing down and there are no major economic announcements for the day, except the consumer sentiment report. The Market is showing a direction to bounce back on Friday as the initial trading at the U.S. Futures Index are mostly on a positive note. Asian shares closed mostly lower, while European share are trading in the red. As of 6.45 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were up 1.25 points and the Nasdaq 100 futures were climbing 16.25 points.U.S. stocks closed down on Thursday. The Dow tumbled 274.14 points or 1.2 percent to 21,750.73, the Nasdaq plummeted 123.19 points or 1.9 percent to 6,211.91 and the S&P 500 slumped 38.10 points 1.5 percent to 2,430.01.On the economic front, the Institute for Social Research of the University of Michigan's Consumer Sentiment for August will be issued at 10.00 am ET. The economists are looking consensus of 94.0, slightly down from 93.4 in the previous month. Dallas Federal Reserve Bank President Robert Kaplan will participate in a moderated Q&A session at the Dallas County Community College District Conference Day 2017 in Dallas, with audience Q&A at 10.15 am ET. The Baker Hughes North American rig count for the week will published at 1.00 pm ET. The prior week North American Rig Count was 1169 and U.S. rig counts were 949. Lenovo Group Ltd. Reported net loss attributable to equity holders for the first-quarter of about $72 million, compared to profit of $173 million reported in the corresponding period of last year. Loss per share was $0.66 cents, compared with earnings per share $1.56 cents last year.The Group's consolidated revenue was almost flat year-on year with 0.4 percent decline year-on-year or an increase of 0.8 percent excluding currency impact to $10.012 billion.Deere & Co. (DE) reported third quarter net income attributable to the company of $642 million, up 31 percent from $489 million in the prior year. On a per share basis, earnings grew to $1.97 from $1.55 last year. Total Net sales for the quarter climbed 17 percent to $6.833 billion from $5.861 billion a year ago. Asian stocks closed mostly down on Friday. Chinese shares closed on a steady note amid optimism over earnings and improving growth. The benchmark Shanghai Composite index finished marginally higher at 3,268.72 while Hong Kong's Hang Seng index closed down 296.65 points or 1.08 percent at 27,047.57.Japanese shares hit 3-1/2-month lows as the yen strengthened amid U.S. political worries. The Nikkei average fell 232.22 points or 1.18 percent to 19,470.41, its lowest level since May 2. The broader Topix index closed 1.08 percent lower at 1,597.36.Australian shares fell notably. The benchmark S&P/ASX 200 index dropped 32.10 points or 0.56 percent to 5,747.10 but ended the week up by 0.9 percent. The broader All Ordinaries index ended down 28.70 points or 0.49 percent at 5,798.50.The big four banks fell between 0.6 percent and 1.6 percent. Miners also succumbed to selling pressure, with Forescue Metals Group and BHP Billiton losing 1-2 percent, as base metal prices edged down from multi-year highs.European shares are trading in the red. Among the major indices, CAC 40 of France is dow 54.64 points or 1.06 percent. DAX of Germany is declining 72.42 points or 0.59 percent. FTSW 100 of England is slipping 72.79 points or 0.98 percent. Swiss Market Index is down 80.33 points or 0.90 percent. Euro Stoxx 50, that provides a Blue-chip representation of supersector leaders in the Eurozone, is currently down 0.88 percent.Copyright RTT News/dpa-AFX
18.08.2017

European Shares Retreat On US Policy Uncertainty

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks tumbled on Friday after a deadly attack in Spain left the world shocked.A van mowed down pedestrians in the heart of Spain's second-largest city Barcelona on Thursday, killing at least 13 people in a terror attack claimed by Islamic State. More than 100 others were reportedly injured, many so severely that the death toll could rise.Ongoing political worries in the U.S. also kept markets under pressure after reports emerged that Gary Cohn, a key force behind Trump's tax reform program, is considering resigning as President Trump's top economic advisor. However, the White House knocked down these rumors.The pan-European Stoxx Europe 600 was down about 1 percent at 373.23 in late opening deals after declining 0.6 percent the previous day. Spain's IBEX 35 index was down 1.1 percent, the German DAX was declining 0.8 percent, France's CAC 40 index was losing 1.1 percent and the U.K.'s FTSE 100 was down 1 percent. Banks were broadly lower, with Deutsche Bank, Societe Generale, BNP Paribas and Barclays falling 1-2 percent. Travel and leisure stocks were also hit hard. British Airways owner International Consolidated Airlines fell 2.3 percent, easyJet dropped 2.2 percent, InterContinental Hotels Group shed 1.8 percent and cruise-ship operator Carnival declined 1.7 percent. Deutsche Lufthansa, which is in talks to buy a majority of insolvent airline Air Berlin's assets, fell 1.5 percent. Shanta Gold shares rallied 7.7 percent in London. The company narrowed its first-half loss and said it would not acquire Helio as previously announced.Gold miner Randgold Resources rallied 1.5 percent as gold prices held mostly steady on safe-haven buying. On a light day on the economic front, ECB data showed that the euro area current account surplus declined to the lowest in nearly three years in June. The current account surplus fell to 21.2 billion euros in June from 30.5 billion euros in May. Separately, Eurostat reported that Eurozone construction output decreased for the second straight month in June.Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May.Copyright RTT News/dpa-AFX
18.08.2017

FTSE 100 Tumbles After Attacks In Spain

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. shares fell on Friday, with travel and leisure stocks succumbing to heavy selling pressure, after a deadly attack in Spain left the world shocked.Ongoing political worries in the U.S. also kept markets under pressure, with investors fretting over the implications for President Donald Trump's stimulus and tax plans.The U.K.'s FTSE 100 was down 74 points or 1.00 percent at 7,313 in late opening deals after declining 0.6 percent in the previous session.Travel and leisure stocks were hit hard. British Airways owner International Consolidated Airlines fell 2.3 percent, easyJet dropped 2.2 percent, InterContinental Hotels Group shed 1.8 percent and cruise-ship operator Carnival declined 1.7 percent. Shanta Gold shares rallied 7.7 percent. The company narrowed its first-half loss and said it would not acquire Helio as previously announced.Gold miner Randgold Resources rallied 1.5 percent as gold prices held mostly steady on safe-haven buying.Copyright RTT News/dpa-AFX
18.08.2017

CAC 40 Down Over 1% As Risk Aversion Deepens

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French shares fell sharply on Friday as political turmoil in the U.S. and a terrorist attack in Spain helped deepen risk aversion in financial markets.The benchmark CAC 40 was down 60 points or 1.16 percent at 5,087 in late opening deals after declining 0.6 percent on Thursday.Banks led the decliners, with BNP Paribas, Credit Agricole and Societe Generale losing 1-2 percent. On a light day on the economic front, ECB data showed that the euro area current account surplus declined to the lowest in nearly three years in June. The current account surplus fell to 21.2 billion euros in June from 30.5 billion euros in May.Copyright RTT News/dpa-AFX
18.08.2017

DAX Tumbles After Wall Street Selloff

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares tumbled on Friday amid political turmoil in the U.S. and a terrorist attack in Barcelona, Spain.The benchmark DAX was down 105 points or 0.86 percent at 12,098 in late opening deals after closing half a percent lower in the previous session. Spain's IBEX 35 index was down 1.1 percent. Banks led the decliners, with Commerzbank declining 0.6 percent and Deutsche Bank falling as much as 1.6 percent. Deutsche Lufthansa, which is in talks to buy a majority of insolvent airline Air Berlin's assets, fell nearly 2 percent.On a light day on the economic front, data from Destatis showed that German producer prices rose at the slowest pace so far this year in July. Producer prices for industrial products advanced 2.3 percent year-on-year, slightly weaker than the 2.4 percent increase seen in June.Overnight, U.S. stocks plunged as technology stocks sold off, Cisco Systems issued a disappointing sales forecast and investors fretted about uncertainty over the U.S. political outlook. The Dow dropped 1.2 percent to post its biggest single-day loss in three months and the S&P 500 fell 1.5 percent to its lowest closing level in over a month, while the Nasdaq Composite slumped 1.9 percent.Copyright RTT News/dpa-AFX
18.08.2017

Asian Shares Join Global Slide After Barcelona Attack

CANBERA (dpa-AFX) - Asian stocks joined a global slide on Friday as the ongoing political turmoil in Washington put President Donald Trump's stimulus and tax plans in jeopardy and a deadly attack in Spain that killed at least 13 people and injured more than 100 others left the world shocked.Chinese shares closed on a steady note amid optimism over earnings and improving growth. The benchmark Shanghai Composite index finished marginally higher at 3,268.72 while Hong Kong's Hang Seng index was down 252 points or 0.93 percent at 27,090 in late trade. Japanese shares hit 3-1/2-month lows as the yen strengthened amid U.S. political worries, the deadly terror attack in Spain and renewed concerns about US-North Korea tensions. Investors also adopted a cautious stance ahead of controversial joint military exercises of South Korea and the U.S., scheduled to start next week.The Nikkei average fell 232.22 points or 1.18 percent to 19,470.41, its lowest level since May 2. The broader Topix index closed 1.08 percent lower at 1,597.36. Exporters and financials underperformed, with Sony, Panasonic, Mitsubishi UFJ Financial Group and T&D Holdings declining 2-3 percent. Australian shares fell notably, led down by banks on concerns over Trump's stalled legislative agenda and a move by the government to strengthen its money laundering laws. The benchmark S&P/ASX 200 index dropped 32.10 points or 0.56 percent to 5,747.10 but ended the week up by 0.9 percent. The broader All Ordinaries index ended down 28.70 points or 0.49 percent at 5,798.50.The big four banks fell between 0.6 percent and 1.6 percent. Miners also succumbed to selling pressure, with Forescue Metals Group and BHP Billiton losing 1-2 percent, as base metal prices edged down from multi-year highs. Primary Health Care rallied 2.8 percent despite the company reporting a full-year loss, reflecting impairment charges related to its medical centers business. Seoul stocks edged lower as concerns grew over Trump's ability to push through his economic goals. The benchmark Kospi ended down 3.30 points or 0.14 percent at 2,358.37, paring early losses as foreign investors turned buyers towards the end of the session. New Zealand's benchmark S&P/NZX 50 index closed little changed at 7,873.55 after closing at a fresh record high in the previous session. CBL Corp shares plunged 9.8 percent after the insurer reported a 36 percent fall in first-half operating earnings. Malaysia's KLSE Composite index was down 0.2 percent even as official data showed the country's economic growth growth accelerated unexpectedly in the three months ended June. GDP grew 5.8 percent year-over-year in the second quarter, faster than the 5.6 percent rise in the Mach quarter. India's Sensex was down over 1 percent, Singapore's Straits Times index was moving down 0.4 percent and the Taiwan Weighted lost half a percent while Indonesia's Jakarta Composite index was rising 0.1 percent. Overnight, U.S. stocks tumbled as technology stocks sold off, Cisco Systems issued a disappointing sales forecast and reports emerged that Gary Cohn is considering resigning as President Trump's top economic advisor, raising concerns over the future of President Donald Trump's agenda.However, the White House knocked down these rumors. The Dow dropped 1.2 percent to post its biggest single-day loss in three months and the S&P 500 fell 1.5 percent to its lowest closing level in over a month, while the Nasdaq Composite slumped 1.9 percent.Copyright RTT News/dpa-AFX
19.08.2017

ARGENTINA: Country To Resume Pork Imports From The United States

BUENOS AIRES (dpa-AFX) - Argentina will soon resume importing pork from the United States for the first time since 1992, according to reports.The announcement came a few days after U.S. Vice President Mike Pence visited Argentinean President Mauricio Macri in Buenos Aires.According to a White House statement, the United States is the world's leading exporter of pork, and this agreement opens a potential market of $ 10 million per year for American pork producers.Argentina has blocked imports of pork from the United States since 1992, citing animal health problems. Under the terms of the agreement, all fresh, chilled and frozen pork and pork products from United States animals will be eligible for export to Argentina.Also, the White House said that the United States remains focused on expanding trade in other agricultural products between both countries, particularly beef, poultry and fresh fruits.Copyright RTT News/dpa-AFX
18.08.2017

ARGENTINA: U.S. Resumes Argentinean Fresh Lemons Imports After 16 Years

BUENOS AIRES (dpa-AFX) - The United States Department of Agriculture (USDA) definitively authorized Argentinean fresh lemons to entry the country, ending a 16 years suspension.According to Argentina's Ministry of Foreign Affairs, the fresh lemons exports to the U.S. were authorized after the South American country producers had met the phytosanitary requirements.According to the Argentinean Ministry of Agroindustry, it is estimated that annual exports will reach around 20 thousand tons, totaling US$ 50 million.Also, Argentina and the United States will keep on talking to enable exports of beef and sheep, as well as other products of interest such as fresh fruits.Copyright RTT News/dpa-AFX
18.08.2017

U.S. Consumer Sentiment Improves Much More Than Expected In August

WASHINGTON (dpa-AFX) - With consumer expectations showing a significant rebound, the University of Michigan released a report on Friday showing a much bigger than expected improvement in U.S. consumer sentiment in the month of August.The report said the preliminary reading on the consumer sentiment index for August jumped to 97.6 from the final July reading of 93.4. Economists had expected the index to inch up to 94.0.'Consumer confidence rose in the first half of August to its highest level since January due to a more positive outlook for the overall economy as well as more favorable personal financial prospects,' said Richard Curtin, the survey's chief economist.Reflecting the improvement in expectations, the index of consumer expectations surged up to 89.0 in August from 80.5 in July.On the other hand, the report said the current economic conditions index fell to 111.0 in August from 113.4 in the previous month.Curtin said the fallout from last weekend's violent events in Charlottesville, Virginia, is likely to reverse the improvement in economic expectations recorded across all political affiliations in early August.'Moreover, the Charlottesville aftermath is more likely to weaken the economic expectations of Republicans, since prospects for Trump's economic policy agenda have diminished,' Curtin said. He added, 'Nonetheless, the partisan difference between the optimism of Republicans and the pessimism of Democrats is still likely to persist, with Independents remaining as the bellwether group.'On the inflation front, one-year inflation expectations remained unchanged at 2.6 percent, while five-year inflation expectations edged down to 2.5 percent in August from 2.6 percent in July.Copyright RTT News/dpa-AFX
18.08.2017

Poland's Industrial Output Falls More Than Forecast

WARSAW (dpa-AFX) - Poland's industrial production declined more than expected in July on sharp reduction in manufacturing, data from the Central Statistical Office revealed Friday.At the same time, producer price inflation accelerated in July, the statistical office said in a separate communique. Industrial production fell 8.5 percent in July from June, bigger than the expected 6.7 percent decrease. Within total production, manufacturing contracted 9.2 percent and mining shrank 5.5 percent. Meanwhile, output of electricity and other utilities gained 0.1 percent.On a yearly basis, industrial production increased 6.2 percent in July. Nonetheless, this was weaker than the expected 8.4 percent rise. Producer price inflation rose more than expected to 2.2 percent in July from 1.8 percent in June. Prices were forecast to climb 2 percent. Month-on-month, producer prices moved up 0.3 percent, in contrast to a 0.4 percent fall in June.Copyright RTT News/dpa-AFX
18.08.2017

Eurozone Industrial Production Yet To Show Improved Trend: ING

BRUSSELS (dpa-AFX) - Eurozone industry is undergoing a cautious recovery and an actual improvement in the current trend of production is yet to happen, Bert Colijn, a senior economist at ING, said.Industrial production dropped 0.6 percent monthly in June, reversing a 1.2 percent rise in May, data from Eurostat showed on August 14. The latest fall was the first decline in four months.Annually, industrial production growth moderated to 2.6 percent in June from 3.9 percent in May.'It is somewhat disappointing that production has yet to recover to its pre-crisis level,' Colijn said.'With the start of the crisis now ten years ago, industrial production is still 6.5 percent below its peak.'Nonetheless, due to strength in orders and businesses still reporting strong improvements in production, an improved trend for production is still in the cards, the economist said.'This would indicate that the surprising growth in the Eurozone could continue in the second half of the year,' the economist predicted.But, July's manufacturing Purchasing Managers Index marked its weakest reading in six months. 'This false start to the quarter was also seen in other surveys, which could mean that 3Q GDP will be a touch weaker than the first half of the year, but that would still lead to a healthy 2 percent annual GDP growth rate for 2017,' Colijn said.Copyright RTT News/dpa-AFX
18.08.2017

Portugal PPI Inflation Slows Further

LISBON (dpa-AFX) - Portugal's producer price inflation eased for the fourth consecutive month in July, figures from Statistics Portugal showed Friday.Industrial producer prices climbed 2.2 percent year-over-year in July, slower than the 2.8 percent increase in June. The measure has been rising since December 2016.Excluding the energy grouping, the index rose 1.2 percent annually in July, following a 1.3 percent gain in the prior month.Month-on-month, producer prices fell 0.3 percent from June, when it edged down by 0.1 percent.Copyright RTT News/dpa-AFX
18.08.2017

Italy Current Account Surplus Grows In June

ROME (dpa-AFX) - Italy's current account surplus increased in June from a year ago, data from the Bank of Italy showed Friday.The current account surplus climbed to EUR 5.26 billion in June from EUR 4.04 billion in the corresponding month last year.The surplus on trade in goods fell to EUR 5.21 billion in June from EUR 5.38 billion in the same month of 2016. Similarly, services surplus shrank to EUR 551 million from EUR 661 million.At the same time, primary income balance turned to a surplus of EUR 475 million in June from a deficit of EUR 1.12 billion last year. The negative balance in secondary income widened to EUR 981 million from EUR 889 million.The capital account deficit rose notably from EUR 42 million to EUR 208 million. In contrast, the financial account balance came in at a surplus of EUR 5.5 billion versus a shortfall of EUR 5.54 billion.In the twelve months ending in June , the current account balance surplus amounted to EUR 45.9 billion, equivalent to 2.7 percent of GDP, compared to 36.7 billion in the twelve months ending in June 2016.Copyright RTT News/dpa-AFX
18.08.2017

Eurozone Construction Output Falls For Second Month

BRUSSELS (dpa-AFX) - Eurozone construction output decreased for the second straight month in June, Eurostat reported Friday. Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May. The 0.5 percent decline was caused by a 0.5 percent fall in civil engineering and 0.4 percent decrease in building construction. On a yearly basis, construction output growth accelerated to 3.4 percent in June from 2.7 percent in May. This was the fastest expansion in three months. In the EU28, construction output fell 0.2 percent, while it grew by 3.6 percent from the same period of previous year.Copyright RTT News/dpa-AFX
18.08.2017

Eurozone Current Account Surplus Lowest Since 2014

BRUSSELS (dpa-AFX) - The euro area current account surplus declined to the lowest in nearly three years in June, the European Central Bank said Friday. The current account surplus fell to EUR 21.2 billion in June from EUR 30.5 billion in May. This was the lowest level since August 2014. The surplus on trade in goods rose to EUR 27.4 billion in June from EUR 26.6 billion. Meanwhile, the surplus on services declined to EUR 2.2 billion from EUR 2.7 billion. Primary income declined to EUR 4.6 billion from EUR 11.3 billion. The deficit on secondary income widened to EUR 13 billion from EUR 10.1 billion in the previous month. In June 2017, combined direct and portfolio investment recorded net acquisitions of assets of EUR 34 billion and net incurrences of liabilities of EUR 39 billion. The 12-month cumulated current account for the period ending in June 2017 registered a surplus of EUR 336.5 billion, or equivalent to 3.1 percent of euro area GDP.Copyright RTT News/dpa-AFX
18.08.2017

German Producer Price Inflation Slowest In 7 Months

BERLIN (dpa-AFX) - German producer prices rose at the slowest pace so far this year in July, data from Destatis showed Friday.Producer prices for industrial products advanced 2.3 percent year-on-year in July, slightly weaker than the 2.4 percent increase seen in June. This was the weakest since December, when prices gained 1 percent. Economists had forecast 2.2 percent annual increase. Prices of all main industrial groups increased from the previous year in July. Prices of non-durable consumer goods increased 3.7 percent and prices of intermediate goods grew 3 percent. Energy prices moved up 1.9 percent and that of durable consumer goods and capital goods increased 1.1 percent, each.Month-on-month, producer prices gained 0.2 percent after staying flat in June. Prices were forecast to remain unchanged in July.Copyright RTT News/dpa-AFX
18.08.2017

Dollar Losing Ground Heading Into The Weekend

WASHINGTON (dpa-AFX) - The dollar is down against all of its major rivals Friday afternoon. On a light day for economic news, investors remained focused on the turmoil that continues to plague the Trump administration and the deadly terror attack in Spain.In another high profile shakeup at the White House, Steve Bannon is out as President Donald Trump's chief strategist.Bannon's departure comes as Trump has faced considerable criticism over his response to last weekend's violent events in Charlottesville, Virginia.The president has come under fire for comments suggesting both white supremacists and counter-protesters were to blame for the violence.With consumer expectations showing a significant rebound, the University of Michigan released a report on Friday showing a much bigger than expected improvement in U.S. consumer sentiment in the month of August.The report said the preliminary reading on the consumer sentiment index for August jumped to 97.6 from the final July reading of 93.4. Economists had expected the index to inch up to 94.0.A van mowed down pedestrians in the heart of Spain's second-largest city Barcelona on Thursday, killing at least 13 people in a terror attack claimed by Islamic State. More than 100 others were reportedly injured, many so severely that the death toll could rise.The dollar has dropped to around $1.1765 against the Euro Friday afternoon, from an early high of $1.1709.The euro area current account surplus declined to the lowest in nearly three years in June, the European Central Bank said Friday. The current account surplus fell to EUR 21.2 billion in June from EUR 30.5 billion in May. This was the lowest level since August 2014. Eurozone construction output decreased for the second straight month in June, Eurostat reported Friday. Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May.German producer prices rose at the slowest pace so far this year in July, data from Destatis showed Friday.Producer prices for industrial products advanced 2.3 percent year-on-year in July, slightly weaker than the 2.4 percent increase seen in June. This was the weakest since December, when prices gained 1 percent. Economists had forecast 2.2 percent annual increase.The buck climbed to a high of $1.2831 against the pound sterling Friday, but has since eased back to around $1.2875.The greenback rose to a high of Y109.596 against the Japanese Yen Friday, but has since retreated to around Y109.150.Copyright RTT News/dpa-AFX
18.08.2017

Dollar Little Changed After U.S. Consumer Sentiment Index

BRUSSELS (dpa-AFX) - Following the release of the University of Michigan's Consumer Sentiment for August at 10.00 am ET Friday, the greenback changed little against its major rivals.The greenback was trading at 1.1745 against the euro, 108.71 against the yen, 0.9595 against the franc and 1.2885 against the pound around 10:02 am ET.Copyright RTT News/dpa-AFX
18.08.2017

Dollar Mixed Ahead Of U.S. Consumer Sentiment Index

BRUSSELS (dpa-AFX) - The Institute for Social Research of the University of Michigan's Consumer Sentiment for August will be issued at 10.00 am ET Friday. The economists are looking consensus of 94.0, slightly down from 93.4 in the previous month.Ahead of the data, the greenback traded mixed against its major rivals. While the greenback fell against the yen and the franc, it held steady against the euro and the pound.The greenback was worth 1.1741 against the euro, 108.77 against the yen, 0.9597 against the franc and 1.2887 against the pound as of 9:55 am ET.Copyright RTT News/dpa-AFX
18.08.2017

Loonie Advances As Canadian Inflation Rises

CANBERA (dpa-AFX) - The Canadian dollar climbed against its major rivals in the European session on Friday, after a data showed that the nation's inflation improved more than forecast in July.Data from Statistics Canada showed that Canadian inflation rose 0.2 percent on a seasonally adjusted monthly basis in July.This follows a flat reading in June, which had been forecast to remain unchanged for the month.Core inflation, excluding food and energy, grew 0.2 percent on a monthly basis. The index matched the June reading.Crude oil futures inched higher ahead of the U.S. rig count data that may confirm U.S. production is slowing.Crude for September delivery rose to $0.07 to $47.16 per barrel.The Baker Hughes North American rig count for the week will be published at 1.00 pm ET. The prior week North American Rig Count was 1169 and U.S. rig counts were 949. Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 8.9 million barrels for the week ended Aug. 11.The loonie showed mixed performance in the Asian session. While the loonie dropped against the greenback and the yen, it held steady against the euro. Against the aussie, the currency rose.The loonie advanced to 1.2608 against the greenback, following a decline to 1.2691 at 7:45 pm ET. If the loonie rises further, 1.25 is possibly seen as its next resistance level.Bouncing off from an early 4-day low of 86.05 against the yen, the loonie ticked up to 86.49. The loonie is seen finding resistance around the 88.00 region.The loonie reversed from an early 2-day low of 1.4881 against the euro, edging up to 1.4797. Continuation of the loonie's uptrend may see it challenging resistance around the 1.46 mark.According to the data from Eurostat, Eurozone construction output decreased for the second straight month in June. Construction output declined 0.5 percent month-on-month in June, bigger than the 0.2 percent decrease seen in May.The loonie hit a 2-day high of 0.9973 against the aussie, off its early low of 1.0029. The next possible resistance for the loonie is seen around the 0.98 area.Looking ahead, U.S. University of Michigan's preliminary consumer sentiment for August is due shortly.At 10:15 am ET, Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the Dallas County Community College.Copyright RTT News/dpa-AFX
18.08.2017

Loonie Rises Following Canada CPI

CANBERA (dpa-AFX) - Following the release of Canada consumer prices for July at 8:30 am ET Friday, the loonie advanced against its major rivals.The loonie was trading at 1.4835 against the euro, 86.33 against the yen, 1.0002 against the aussie and 1.2627 against the greenback around 8:32 am ET.Copyright RTT News/dpa-AFX
18.08.2017

Loonie Mixed Ahead Of Canada CPI

CANBERA (dpa-AFX) - Statistics Canada will release Canada consumer prices for July at 8:30 am ET Friday. Inflation is expected to be flat on month, following a 0.1 percent decline in June.Ahead of the data, the loonie traded mixed against its major rivals. While the loonie held steady against the euro, it dropped against the aussie, greenback and the yen.The loonie was worth 1.4868 against the euro, 86.10 against the yen, 1.0026 against the aussie and 1.2664 against the greenback as of 8:25 am ET.Copyright RTT News/dpa-AFX
18.08.2017

Euro Rises After Eurozone Construction Output

BRUSSELS (dpa-AFX) - Following the release of Eurozone construction output for June at 5.00 am ET Friday, the euro rose against its major rivals.The euro was trading at 128.18 against the yen, 1.1295 against the franc, 1.1756 against the greenback and 0.9107 against the pound around 5:02 am ET.Copyright RTT News/dpa-AFX
18.08.2017

U.S. Dollar Declines On Trump Policy Doubts

CANBERA (dpa-AFX) - The U.S. dollar dropped against its major opponents in early European deals on Friday, as rumors over the possible departure of National Economic Council Director Gary Cohn triggered doubts about U.S. President Donald Trump's ability to push through his economic agenda. After Trump disbanded two advisory groups of American business leaders, reports emerged that Gary Cohn, a key force behind Trump's tax reform program, is considering resigning as Trump's top economic advisor. However, the White House knocked down these rumors.Cohn, former president and chief operating officer of Goldman Sachs (GS), currently serves as the Director of the National Economic Council.'Nothing has changed,' a White House official said. 'Gary is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false.'Cohn was reportedly 'upset' and 'disgusted' with Trump's remarks indicating blame for the clashes between white supremacists and counter-protesters should be shared by both sides.The day's economic calendar remains light, with a report on U.S. consumer sentiment slated for release later in the day.The currency has been trading in a negative territory in the Asian session, with the exception of the Swiss franc.The greenback fell to a weekly low of 108.99 against the yen, after having advanced to 109.55 at 9:00 pm ET. The next possible support for the greenback-yen pair is seen around the 106.00 region. The greenback slipped to 1.2899 against the pound and 1.1758 against the euro, off its early highs of 1.2863 and 1.1708, respectively. If the greenback extends decline, 1.30 and 1.19 are likely seen as its next support levels against the pound and the euro, respectively. The greenback dropped to 1.2639 versus the loonie, 0.7904 against the aussie and 0.7310 against the kiwi, from its early 2-day highs of 1.2691, 0.7870 and 0.7276, respectively. On the downside, 1.25, 0.80 and 0.74 are possibly seen as its next support levels against the loonie, the aussie and the kiwi, respectively.Reversing from an early high of 0.9631 against the Swiss franc, the greenback ticked down to 0.9610. The greenback is likely to challenge support around the 0.94 mark.Looking ahead, Canada CPI for July, U.S. University of Michigan's preliminary consumer sentiment for August and U.S. Baker Hughes rig count data are slated for release in the New York session.At 10:15 am ET, Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the Dallas County Community College.Copyright RTT News/dpa-AFX
18.08.2017

U.S. Dollar Declines Against Most Majors

CANBERA (dpa-AFX) - The U.S. dollar dropped against its most major opponents in early European deals on Friday. The greenback fell to a weekly low of 108.99 against the yen, after having advanced to 109.55 at 9:00 pm ET. The greenback slipped to 1.2899 against the pound and 1.1758 against the euro, off its early highs of 1.2863 and 1.1708, respectively. The greenback dropped to 1.2639 versus the loonie, 0.7904 against the aussie and 0.7310 against the kiwi, from its early 2-day highs of 1.2691, 0.7870 and 0.7276, respectively.The next possible support for the greenback is seen around 106.00 against the yen, 1.29 against the pound, 1.19 against the euro, 1.25 against the loonie, 0.80 against the aussie and 0.74 against the kiwi.Copyright RTT News/dpa-AFX
18.08.2017

Commodity Currencies Fall As Asian Stock Markets Traded In Negative Territory

CANBERA (dpa-AFX) - Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Friday. This was caused by Asian stocks trading in the negative territory after a deadly terrorist attack in Spain that left 13 people dead. Further, doubts grew about U.S. President Donald Trump's ability to push through his economic agenda.A van mowed down pedestrians in the heart of Spain's second-largest city Barcelona on Thursday, killing at least 13 people in a terror attack claimed by Islamic State. More than 100 others were reportedly injured, many so severely that the death toll could rise.After Trump disbanded two advisory groups of American business leaders, reports emerged that Gary Cohn, a key force behind Trump's tax reform program, is considering resigning as President Trump's top economic advisor. However, the White House knocked down these rumors.In the Asian trading, the Australian dollar fell to a 1-week low of 86.03 against the yen and a 2-day low of 1.4881 against the euro, from yesterday's closing quotes of 86.37 and 1.4867, respectively. If the aussie extends its downtrend, it may find support around 85.00 against the yen and 1.51 against the euro.Against the U.S., the New Zealand and the Canadian dollars, the aussie dropped to 2-day lows of 0.7869, 1.0809 and 0.9985 from yesterday's closing quotes of 0.7883, 1.0824 and 0.9997, respectively. The aussie may test support 0.76 against the greenback, 1.06 against the kiwi and 0.98 against the loonie.The NZ dollar fell to a 2-day low of 0.7276 against the U.S. dollar and a 1-week low of 79.53 against the yen, from yesterday's closing quotes of 0.7282 and 79.78, respectively. If the kiwi extends its downtrend, it is likely to find support around 0.71 against the greenback and 78.00 against the yen.Against the euro, the kiwi dropped to 1.6105 from yesterday's closing value of 1.6097. The kiwi could find support near the 1.62 region. The Canadian dollar fell to a 2-day low of 1.2691 against the U.S. dollar and a 4-day low of 86.13 against the yen, from yesterday's closing quotes of 1.2679 and 86.38, respectively. If the loonie extends its downtrend, it is likely to find support around 1.28 against the greenback and 85.00 against the yen.Against the euro, the loonie dropped to 1.4872 from yesterday's closing value of 1.4865. The loonie may test support near the 1.50 region. Looking ahead, Eurozone current account data and construction output for June are due to be released at 5:00 am ET. In the New York session, Canada CPI for July, U.S. University of Michigan's preliminary consumer sentiment for August and U.S. Baker Hughes rig count data are slated for release.At 10:15 am ET, Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the Dallas County Community College.Copyright RTT News/dpa-AFX

dpa-AFX SENTIMENT INDICATOR


The dpa-AFX confidence index measures the ratio of high-to-other gradings of Dax-listed companies (based on a 30-day average). A value of 50 indicates that high and low gradings balance one another out. The graph shows the indicator in relation to the DAX chart.

dpa-AFX Analyser