OPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open down 3 points.
The former ambassador to Ukraine testified that she felt threatened by President Trump’s disparaging comments about her in a phone call with his Ukrainian counterpart as the second public hearing of the impeachment inquiry continued.
Walt Disney-controlled Hulu said it is boosting the cost of Hulu + Live TV-its service that offers live news and sports as well as on-demand content-to $54.99 a month.
Each Market in Focus
Australian shares ended higher with the benchmark S&P/ASX 200 index closing up 0.9% at 6793.7, on reports that the U.S. and China are nearing a trade deal, though President Trump isn’t ready to sign off.
It was the benchmark’s second straight day of gains and put it about 1% higher for the week.
Property shares logged a gain of 1.3% and consumer discretionary shares closed up 1.2%.
Infant formula and organic food company Bellamy’s rose nearly 2% on news that Australian authorities approved its takeover by a Chinese dairy company.
The Dow opened modestly higher Friday and meandered for much of the session before staging a late rally and crossing the milestone in the final minute of the session.
The index closed at 28004.89, a gain of 223 points, or 0.8%-its first thousand-point milestone since July.
Investors drove the broad stock market index up about 0.9% Friday for 0.9% weekly gain. The S&P 500’s six-week winning streak is its longest since November 2017 when the index rose for eight consecutive weeks.
However, it comes in the midst of lull-the index hadn’t moved up or down more than 0.5% for nine consecutive trading days through Thursday, the longest streak since October 2018, according to Dow Jones Market Data.
Gold for December delivery on Comex lost $4.90, or 0.3%, to settle at $1,468.50 an ounce, with prices for the most-active contract still managing to end about 0.4% higher for the week.
December silver declined 8 cents, or 0.5%, to $16.948 an ounce, to pare its
weekly gain to around 0.7%.
Oil futures climbed to tally a gain for the week, with optimism over phase one of a potential U.S.-China trade deal lifting prospects for energy demand, even as traders weigh a conflicting outlook for crude supplies.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, slid for the third day in a row, falling to 90.87 from 90.99.
European markets rose as traders took their cue from advances on Wall Street. The Stoxx Europe 600 gained 0.3%, the FTSE 100 climbed 0.09%, the CAC-40 rose 0.6% and the DAX ticked up 0.4%.
The Nikkei 225 in Tokyo finished the day 0.7% higher, although it was marginally down for the week.
Hong Kong stocks’ morning recovery proved short-lived as the market erased gains by session end. The Hang Seng Index closed flat at 26326.66. Banks were broadly weaker, as Bank of Communications fell 1.5%, HSBC Holdings lost 0.4%, while BOC Hong Kong declined by 0.2%. Chinese pharmas were also down, as prices corrected from relative strength in
Indian stocks ended the day higher, sustaining broad advances this week amid continued expectations of further policy-easing measures to boost a slowing economy.
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