OPEC+ close to dropping the idea of an emergency meeting – report

So much for that hope

OPEC+ is close to dropping the idea of an emergency meeting this month and will stick with March meeting dates, according to delegates cited by Bloomberg. They say the Saudis may still push for hte Feb meeting.

Oil has climbed this week for the first time since Jan 3…at least for now. The March contract just expired.

So much for that hope

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Pebble Beach close call fuels Mickelson’s fire for 2020

Pebble Beach close call fuels Mickelson's fire for 2020 Pebble Beach close call fuels Mickelson’s fire for 2020

(Reuters) – Phil Mickelson fell short in his quest for a record sixth Pebble Beach Pro-Am victory on Sunday but said his results over the last few weeks had given him momentum for the rest of the year.

Mickelson got within two strokes of eventual winner Nick Taylor with five holes left on the famous California course but faded down the stretch to finish five back.

“It was a hard day but I got outplayed,” the five-times major champion told reporters after shooting a two-over-par 74.

“I’m totally fine with that in that I’m going to continue to get better and give myself more chances and I’m really excited about the rest of the year.

“These last couple of weeks have really given me a lot of motivation and momentum to continue doing what I’m doing.”

The 49-year-old has plenty to motivate him this year, not least the U.S. Open at Winged Foot, the same venue where he double-bogeyed the last in 2006 when needing only par to win.

He is not currently exempt to return this year to a championship he has never won despite six runner-up finishes.

Mickelson has said he would not accept a special exemption into the tournament in June but Sunday’s third-place finish will help his chances of earning a place on merit.

The result will lift him to about 55th in the world rankings, with the top 60 as of May 20 exempt.

Also on the horizon this year is the Ryder Cup, an event the American has not missed since making his debut in 1995.

September’s installment at Whistling Straits in Wisconsin could be his final chance to play in the biennial competition against Europe on home soil.

Sunday marked Mickelson’s first top-10 finish on the PGA Tour since winning at Pebble Beach last year. He also came third at the European Tour’s Saudi International a week ago.

While not at his best on Sunday, Mickelson said it was not because of a lack of self belief.

“My focus was really sharp today,” he said.

“I just didn’t execute and we had a few misjudgments of the wind.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Apple to close all China mainland stores due to virus outbreak

© Reuters. People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of the new coronavirus, in Shanghai © Reuters. People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of the new coronavirus, in Shanghai

(Reuters) – Apple Inc (NASDAQ:) on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9. as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.

“Out of an abundance of caution and based on the latest advice from leading health experts, we’re closing all our corporate offices, stores, and contact centers in mainland China through February 9,” Apple said in a statement. The company said looked forward to re-opening stores “as soon as possible”.

Earlier this week, Apple closed three stores in China due to concerns about the spread of the virus.

It’s joining a handful of overseas retailers, including Starbucks Corp (NASDAQ:) and McDonald’s Corp to temporarily shut storefronts as a precautionary measure.

Many other companies, meanwhile, have called for employees in China to work from home and cease non-essential business travel in the first week of February.

Normally, businesses in China would be preparing to return to normal operations following the end of the week-long Lunar New Year Holiday.

Apple remains heavily reliant on China both for smartphone sales as well as for its supply chain and manufacturing. Many factories in Hubei province, including plants run by AB InBev and General Motors Co (NYSE:), have temporarily suspended production due to the virus.

In a recent earnings call, Apple CEO Tim Cook said the company was working out mitigation plans to deal with possible production loss from its suppliers in Wuhan. The city where the virus outbreak originated is home to several Apple suppliers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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US equities close higher again with a strong finish to cap a great week

US equity performance on Friday

  • S&P 500 up 13 points to 3329 or +0.4%
  • DJIA +0.2%
  • Nasdaq +0.3%

On the week:

  • S&P 500 +1.9%
  • DJIA +1.8%
  • Nasdaq +2.3%

The gains have been non-stop in large caps but it hasn’t been quite the same party in small and mid-caps. I’ll be watching the Russell 2000 in the weeks ahead as it approaches resistance.

US equity performance on Friday

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China: We are in close communication with US on trade deal signing ceremony

Comments by the Chinese foreign ministry

Trump Xi

“Both sides’ economic and trade teams are in close communication about detailed arrangements for the deal’s signing and other follow-up work.”

No further elaboration there by the Chinese foreign ministry spokesman, Geng Shuang.

Just take note that until today, China has yet to confirm the specifics of the Phase One trade deal that have been touted by US officials over the past two weeks. Notably, China said that they will only disclose the details after the official signing of the deal.

The remark above comes after US president Trump said yesterday that he and China president Xi Jinping will have a signing ceremony to the Phase One trade deal.

In case you missed it, Trump told reporters yesterday that, “We’ll be having a signing ceremony, yes. And we’ll be having a quicker signing because we want to get it done. The deal is done, it’s just being translated now.”
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US stocks close with solid gains. S&P up on the week. Dow and Nasdaq show modest declines

Dow Jones rises by 1.17%

The major indices are closing with solid gains on the day after strong job gains. The Dow industrial average leads the way with a gain of over 1.2%. The S&P index and NASDAQ index rose by about 0.9% to 1.0%.

The final numbers are showing:

  • S&P index rose 28.42 points or 0.91% at 3145.85. The high price reached 3150.60. The low extended to 3134.62
  • NASDAQ index rose 85.826 points or 1.0%. The high price reached 8665.44. The low extended to 8630.57
  • Dow industrial average rose 336.90 points or 1.22% at 28014.69. The high price reached 28035.85. The low price extended to 27839.68

For the week, the S&P index squeaked out a small gain while the NASDAQ and Dow both ended with modest losses. The changes for the week are showing:

  • S&P index, +0.16%
  • NASDAQ index, -0.10%
  • Dow industrial average, -0.13%

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Australia stocks lower at close of trade; S&P/ASX 200 down 0.74%

© Reuters.  Australia stocks lower at close of trade; S&P/ASX 200 down 0.74% © Reuters. Australia stocks lower at close of trade; S&P/ASX 200 down 0.74%

Investing.com – Australia stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower.

At the close in Sydney, the lost 0.74%.

The best performers of the session on the were Monadelphous Group Ltd (ASX:), which rose 3.00% or 0.480 points to trade at 16.500 at the close. Meanwhile, Southern Cross Media Group Ltd (ASX:) added 2.81% or 0.025 points to end at 0.915 and Metcash Ltd (ASX:) was up 2.36% or 0.070 points to 3.040 in late trade.

The worst performers of the session were Polynovo Ltd (ASX:), which fell 6.09% or 0.120 points to trade at 1.850 at the close. Webjet Ltd (ASX:) declined 5.98% or 0.770 points to end at 12.110 and Mineral Resources Ltd (ASX:) was down 5.50% or 0.810 points to 13.920.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 676 to 443 and 303 ended unchanged.

The , which measures the implied volatility of S&P/ASX 200 options, was up 3.61% to 11.627.

Gold Futures for December delivery was down 0.29% or 4.25 to $ 1469.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.25% or 0.14 to hit $ 56.87 a barrel, while the January Brent oil contract fell 0.27% or 0.17 to trade at $ 62.23 a barrel.

AUD/USD was down 0.04% to 0.6800, while AUD/JPY fell 0.05% to 73.83.

The US Dollar Index Futures was down 0.01% at 97.800.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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European major indices close the day mostly lower

Yields are mixed 

The major European stock indices are closing the day mostly lower. The provisional closes are showing:

  • German DAX, -0.32%
  • France’s CAC, -0.11%
  • UK’s FTSE 100, -0.67%
  • Spain’s Ibex, -0.17%
  • Italy’s FTSE MIB, -0.41%

A look at the benchmark 10 year yields is showing a mixed picture with Germany France and UK yields moving lower, while the more risky Spain Italy and Portugal moving higher.

Yields are mixed 

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Turkish blast lands close to U.S. outpost in Syria

Turkish artillery fire accidentally came close to hitting a U.S. outpost in northern Syria on Friday, CBS News confirms. The Turkish military has been launching artillery and air strikes into Syria but not yet crossed the border in strength.

Three artillery shells landed within a couple of hundred yards from soldiers manning an observation post near the main U.S. base inside Syria, U.S. officials told CBS News. 

No one was hurt, but it was exactly the kind of incident Defense Secretary Mark Esper and Joint Chiefs Chairman Mark Milley had warned the Turks about — even to the point of giving them the exact locations of American troops.

“The Turkish military is fully aware, down to explicit grid coordinate details of the location of U.S. forces and we have been in coordination with them,” Milley said, “to make sure that they know exactly where American forces are and everyone has been told.

Civilians frantically flee Turkish bombings in Syria

The Turkish Defense Ministry said the artillery fire was not aimed at the Americans but at nearby Kurdish fighters.

“Earlier today, Turkish border outposts south of Suruç came under Dochka and mortar fire from the hills located approximately 1,000 meters southwest of a U.S. observation post. In self-defense, reciprocal fire was opened on the terrorist positions of the attack. Turkey did not open fire at the U.S. observation post in any way. All precautions were taken prior to opening fire in order to prevent any harm to the U.S. base,” the ministry said. 

Later on Friday, the director of the Defense Department’s Press Operations issued a statement opposing Turkey’s actions.

“The United States remains opposed to the Turkish military move into Syria and especially objects to Turkish operations outside the Security Mechanism zone and in areas where the Turks know U.S. forces are present,” Navy Captain Brook DeWalt said. “The U.S. demands that Turkey avoid actions that could result in immediate defensive action.”

The longer the fighting goes on, the greater the chances for more accidents. Esper said today he’s seen no sign the Turks are heeding his repeated pleas to call off the invasion.

© 2019 CBS Interactive Inc. All Rights Reserved.

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World – CBSNews.com

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.14%

© Reuters.  U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.14% © Reuters. U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.14%

Investing.com – U.S. stocks were mixed after the close on Monday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower.

At the close in NYSE, the gained 0.14% to hit a new 1-month high, while the index fell 0.01%, and the index declined 0.19%.

The best performers of the session on the were Walgreens Boots Alliance Inc (NASDAQ:), which rose 5.76% or 3.03 points to trade at 55.59 at the close. Meanwhile, Caterpillar Inc (NYSE:) added 3.71% or 4.55 points to end at 127.25 and Dow Inc (NYSE:) was up 2.80% or 1.21 points to 44.45 in late trade.

The worst performers of the session were Merck & Company Inc (NYSE:), which fell 3.58% or 3.10 points to trade at 83.47 at the close. Visa Inc Class A (NYSE:) declined 2.26% or 4.19 points to end at 181.55 and The Travelers Companies Inc (NYSE:) was down 1.84% or 2.79 points to 149.23.

The top performers on the S&P 500 were Helmerich and Payne Inc (NYSE:) which rose 8.56% to 41.72, National Oilwell Varco Inc (NYSE:) which was up 8.07% to settle at 23.96 and L Brands Inc (NYSE:) which gained 6.94% to close at 17.87.

The worst performers were MarketAxess Holdings Inc (NASDAQ:) which was down 11.85% to 369.69 in late trade, IDEXX Laboratories Inc (NASDAQ:) which lost 7.37% to settle at 267.20 and Roper Technologies Inc (NYSE:) which was down 4.80% to 356.96 at the close.

The top performers on the NASDAQ Composite were ACADIA Pharmaceuticals Inc (NASDAQ:) which rose 63.24% to 38.850, FuelCell Energy Inc (NASDAQ:) which was up 60.16% to settle at 0.640 and Changyoucom Limited (NASDAQ:) which gained 49.32% to close at 8.84.

The worst performers were Neurotrope Inc (NASDAQ:) which was down 77.27% to 1.0000 in late trade, Freds Inc (NASDAQ:) which lost 49.47% to settle at 0.12 and Synthesis Energy Systems Inc (NASDAQ:) which was down 26.75% to 2.3805 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1853 to 1117 and 64 ended unchanged; on the Nasdaq Stock Exchange, 1652 rose and 1024 declined, while 75 ended unchanged.

Shares in ACADIA Pharmaceuticals Inc (NASDAQ:) rose to 52-week highs; gaining 63.24% or 15.050 to 38.850. Shares in Neurotrope Inc (NASDAQ:) fell to 3-years lows; falling 77.27% or 3.4000 to 1.0000. Shares in Freds Inc (NASDAQ:) fell to all time lows; down 49.47% or 0.12 to 0.12. Shares in Synthesis Energy Systems Inc (NASDAQ:) fell to 3-years lows; falling 26.75% or 0.8695 to 2.3805.

The , which measures the implied volatility of S&P 500 options, was up 1.80% to 15.27.

Gold Futures for December delivery was down 0.56% or 8.45 to $ 1507.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.71% or 1.53 to hit $ 58.05 a barrel, while the November Brent oil contract unchanged 0.00% or 0.00 to trade at $ 62.67 a barrel.

EUR/USD was up 0.01% to 1.1047, while USD/JPY rose 0.02% to 107.25.

The US Dollar Index Futures was down 0.08% at 98.287.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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