Dollar Edges Higher as Virus Cases Grow By Investing.com



© Reuters.

By Peter Nurse

Investing.com – The dollar edged higher in early European trade Wednesday, with the safe haven currency in demand as a resurgence of the coronavirus in the United States cast doubt over the strength of the economic rebound.

At 3:050 AM ET (0705 GMT), the , which tracks the greenback against a basket of six other currencies, was up 0.1% at 96.873.

was up 0.2% at 1.1280, while was flat at 107.52. 

There are almost 11.8 million COVID-19 cases globally as of July 8, according to Johns Hopkins University data, of which the U.S. has the highest known numbers of cases and deaths in the world.

A number of Federal Reserve officials expressed concern Tuesday that the surge in infections could adversely impact the economy just as some stimulus programmes are set to expire.

Atlanta Federal Reserve Bank President Raphael Bostic warned that the spike in the number of cases has made business owners “nervous again” and that ‘there is a real sense this might go on longer than we have planned for.”

Still, the rise in cases is not simply a matter for America. The pair lost 0.2% to 0.6935, with the Australian dollar weakening after the country’s second-largest city Melbourne re-imposed lockdown measures to curb the outbreak. 

Elsewhere, gained 0.2% to 1.2559 after Prime Minister Boris Johnson said that the U.K. remains committed to working hard to find an agreement over trade with the EU. Chancellor of the Exchequer Rishi Sunak is due to announce details of the country’s latest fiscal stimulus package later Wednesday.

Sterling has gained around 0.6% this week against the dollar and 0.4% against the euro, but still remains one of the weakest G7 currencies as doubts still remain as to whether a trade deal will be signed by the end of the year.

Additionally, skepticism exists that a proposal by some of Donald Trump’s advisers to undermine Hong Kong’s currency peg would come to fruition, as such a move would be difficult to implement and risk hurting U.S. interests as much as it would punish China.

 

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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Dow Fends off Late Selling on Virus Spread to End Week Higher By Investing.com



© Reuters.

By Yasin Ebrahim

Investing.com – Wall Street fended off late selling to end higher for the week on Thursday as concerns about rising coronavirus cases offset a stronger-than-expected jobs report.

The gained 0.36%, or 263 points, but had gained 469 points intraday. The rose 0.48% and the added 0.52%.

Florida reported a one-day spike of more than 10,000 coronavirus cases, underscoring further signs that states are struggling to control the spread of the virus that threatens to stall the reopening progress.

Investor sentiment was further hurt by a setback in the race to find a Covid-19 vaccine. 

Moderna (NASDAQ:), the frontrunner in the vaccine race, fell 4.9% on news the drugmaker will delay a clinical trial for its Covid-19 vaccine candidate. The move marked a blow to the drugmaker’s expectations to deliver key data from the trial by Thanksgiving. 

The spike in new infections prompted investors to reassess their bullish bets on stocks tied to reopening progress. 

Airlines and cruise stocks retreated from session highs; American Airlines (NASDAQ:) turned negative after hitting a session high of $13.42 and Carnival (NYSE:) was also down after rising intraday.

Stocks had made a strong start to the session after a quicker-than-expected recovery in jobs stoked hopes of a V-shape recovery.

The U.S. economy created 4.8 million jobs in June, topping forecasts for 2.9 million jobs, while the unemployment rate fell to 11.1% from 13.3% in May. Economists expected it to drop to 12.4%.

About 33% of lost jobs, or 7.5 million out of 22.2 million, have been clawed back following losses earlier in the month, but some questioned whether the strength can continue as infections continue to mount.

“The June employment report was unambiguously positive, with jobs coming back much faster than anticipated, ” Jefferies (NYSE:) said. “While the quick turnaround is very encouraging, sustainability remains in question given the covid resurgence and the rollback of reopening in some states.”

Energy was among the biggest gainers despite cutting gains as investor worries about demand abated somewhat.

Noble Energy (NASDAQ:) Marathon Oil (NYSE:) and Diamondback Energy (NASDAQ:) led the sector higher.

Growth in emerging economies, low energy prices and rising petrochemical sales will support oil demand, Goldman Sachs (NYSE:) said. The bank forecasts oil demand to decline by 8% this year, rebound by 6% in 2021 and reach pre-Covid levels in 2022.

In other news, Tesla (NASDAQ:) surged 8% to an all-time high as its second-quarter vehicle deliveries, topped analysts estimates at a time when others in the auto industry have seen sales slump.

Tesla delivered 90,650 vehicles during the quarter, well above estimates for 74,130 vehicles.

Elsewhere, insurance tech company Lemonade (NYSE:) rallied on its public market debut, soaring 138%. The stock was priced at $29 per share.

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.



Asian shares inch higher as data drives rebound hopes By Reuters



© Reuters. An SGX sign is pictured at Singapore Stock Exchange

By Shriya Ramakrishnan

(Reuters) – Asian stocks struggled for headway on Wednesday as the second half of the year got underway, with improving economic data offset by worries that surging coronavirus cases in the United States could derail the world’s recovery before it properly begins.

Following firm U.S. housing data and signs of a rebound in Europe’s economy, the latest boost to sentiment came from Chinese factory activity gathering steam in June, with the Caixin/Markit manufacturing PMI rising to 51.2 compared with expectations for 50.5.

But virus cases surged, too, with the U.S. recording 47,000 infections on Tuesday, its biggest single-day spike since the pandemic began.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, led by gains in Korea and China.

slipped 0.2%, though, U.S. stock futures fell 0.3% and gold sat close to an eight-year peak, pointing to elevated caution.

The moves follow a strong finish to the quarter on Wall Street and also a loss of momentum in recent weeks as U.S. infection rates have surged, with some states reimposing restrictions on business and personal activity.

The S&P 500 index rose 1.5% for an almost 20% gain over the past three months, fuelled by unprecedented central bank stimulus and hopes for a swift pandemic recovery, but it rose only 1.8% in June.

Coronavirus cases more than doubled in 14 U.S. states last month, a Reuters analysis showed, and fears are growing that the caseload could prompt fresh lockdowns.

“Clearly we are not in total control right now,” the country’s top infectious disease expert, Anthony Fauci, told a Senate committee on Tuesday, adding that cases could increase by as much as 100,000 daily if the outbreak is not contained.

The surge has prompted California, Texas and Florida to shut recently re-opened bars in the last few days, while Australia has locked-down parts of its second-biggest city, Melbourne, to try and stop a spike in cases there.

“The rise in COVID-19 infections is now triggering a reversal on the reopening strategy,” said Rodrigo Catril, senior FX strategist at National Australia Bank (OTC:) in Sydney.

“It remains to be seen if the U.S economy will continue to surprise over the coming month.”

The U.S. government bond market remains in a cautious mood. Yields on benchmark 10-year government debt rose overnight to 0.6774%, but finished the quarter steady. [US/]

UNWELCOME DEVELOPMENTS

On top of virus worries, China’s introduction of sweeping new laws to crack down on dissent in Hong Kong also has investors eying geopolitical tensions with trepidation.

The laws have already prompted Washington to begin dismantling Hong Kong’s special status under U.S. law.

“It has not taken people by surprise, but it’s an unwelcome development,” said Imre Speizer, a foreign exchange strategist at Westpac in Auckland. “It’s one of a number of geopolitical factors which is a negative for some asset classes now.”

Currency markets were in a holding pattern ahead of the next slew of data due to provide a snapshot of the U.S. recovery.

The dollar held gains against most majors and slipped on the safe-haven yen, last buying 107.68 yen and trading at $0.6909 per Australian dollar. [FRX/]

U.S. manufacturing activity data due later in the day,is forecast to show a recovery from a 11-year low in April while the non-farm payrolls report on Thursday is expected to show the economy added 3 million jobs in June.

Elsewhere sterling rebounded from near a one-month low on Tuesday and hung on to most of that ground at $1.2382.

Gold hovered near an 8-year high at $1780.64 an ounce. rose 43 cents or 1% to $41.70 a barrel, while was up 1.3% at $39.76 a barrel.



WTI Crude Oil Settles Higher, but Virus Concerns Keep Lid on Gains By Investing.com



© Reuters.

By Yasin Ebrahim

Investing.com – U.S. crude oil prices settled higher on Thursday, but gains were limited as a jump in coronavirus cases threatened to renew demand-destroying lockdowns.

On the New York Mercantile Exchange rose 1.87% to $38.72 a barrel, while on London’s Intercontinental Exchange (NYSE:), added 1.8% to $41.05 a barrel.

The rebound from session lows arrived as investors continue to assess the impact of rising Covid-19 cases, which are forcing some parts of the U.S. to scale back reopening measures.

“The biggest risk is and remains the recovery of demand, which is now hanging in the balance following a steep rise in new Covid-19 cases,” Commerzbank (DE:) said in a note.

New infections reached 38,115 nationwide on Wednesday, the highest since the pandemic began.

Oil prices, however, are little changed heading into the final day of trading for the week following a slump on Wednesday as a surge in production pushed inventories to record highs.

The Energy Information Administration on Wednesday reported a 1.4 million-barrel rise in U.S. crude stockpiles, to an all-time-high 541 million barrels.

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.



Oil Creeps Higher, Awaiting US Data on Fuel Demand By Investing.com



© Reuters.

By Barani Krishnan

Investing.com – Oil prices were up modestly Tuesday, holding on to advances from the previous session, ahead of key U.S. government data that will show whether demand for fuels is improving appreciably as  businesses try to get back on their feet from Covid-19 lockdowns.

“The ‘price’ of oil has a lot of optimism in it in the near term with all of the COVID risks but … I could (also) paint a picture of reasons why I think prices are about to crater,” said Scott Shelton, energy futures broker at ICAP (LON:) in Durham, North Carolina. “My conviction on both currently is pretty close to nil and I don’t think I am alone.”

New York-traded , the benchmark for U.S. crude, was up 41 cents, or 1.1%, to $37.53 per barrel by 12:32 PM ET (16:32 GMT). It rose 2.4% in the previous session.

London-traded , the global benchmark for oil, gained 65 cents, or 1.6%, to trade at $40.37. It rose 2.6% on Monday.

The U.S. economy is unlikely to achieve full recovery until Americans are certain that the coronavirus pandemic has been contained, Federal Reserve Chairman Jay Powell said on Tuesday.

“Moreover, the longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said in testimony before a Senate banking committee.

Oil prices rose ahead of the American Petroleum Institute’s weekly snapshot on crude and fuel products inventories due at 4:30 PM ET. The API numbers serve as precursor for official stockpiles data scheduled for Wednesday from the U.S. Energy Information Administration.

A consensus of analysts’ estimates tracked by Investing.com showed that U.S. likely grew by 500,000 barrels for the week ended June 12. Crude stockpiles rose 5.72 million barrels in the previous week to May 5 to reach a record high of 538 million barrels, EIA data showed.

, led by diesel, is, meanwhile, expected to have risen 2.65 million barrels, adding to the previous week’s gain of 1.6 million. Distillate stockpiles have grown by nearly 53 million barrels in total over nine weeks, EIA data showed.

, the one bright spot on the oil complex so far, is expected to have fallen by 230,000 barrels versus a previous build of 866,000.

 

 

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.



Argentine bonds edge higher as market waits on sweetened debt offer By Reuters



© Reuters. FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration

BUENOS AIRES (Reuters) – Argentina over-the-counter bonds edged higher on Friday as markets watched for signs of an expected sweetened offer from the government to restructure $65 billion in foreign debt.

The country’s sovereign bonds were up an average 0.6%, while the local Merval stock index rose more than 4% at open, continuing a surge as investors with an appetite for risk flock to Argentine assets despite the country’s crises.

Argentina is racing to restructure a painful debt load it says that it cannot pay, after its ninth sovereign default in May, with a moving deadline for talks on Friday. Striking a deal is key to averting a long and messy legal standoff with creditors.

“We remain pretty optimistic and price action underlines that,” said one bondholder who is not part of the main creditor committees involved in the negotiations.

“Maybe the new offer will be a modest improvement but they will want to get reasonably high acceptance to reduce the risk of litigation,” he said.

Argentine President Alberto Fernandez said on Wednesday that a deadline for the talks will likely be extended by at least 10 days and possibly more. He also reaffirmed that the country needed to strike a deal.

A government source previously told Reuters that an amended offer would likely be unveiled this week.

Argentina’s bonds, which slumped last year into distressed territory, have been higher in the last month as talks have progressed, despite a gap remaining between what Argentina is willing to pay and what key creditor groups want.

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.



Dollar Edges Higher as New Virus Wave Prompts Risk Aversion By Investing.com



© Reuters.

By Peter Nurse

Investing.com – The dollar edged higher in early European trade Friday, with investors seeking this safe haven amid fears of a second wave of the Covid-19 outbreak and the possibility of renewed lockdowns to curb the spread.

At 2:55 AM ET (0655 GMT), the , which tracks the greenback against a basket of six other currencies, was up marginally at 96.743. traded 0.3% higher at 107.12, while gained 0.1% to 1.1307.

These fears have grown with the U.S. reporting more than 2 million Covid-19 cases as of June 12 and a number of the more populous states reporting increased numbers of infections.

“The three most populous states, California, Texas and Florida, all struggle with high levels of new infections and Texas and Florida have seen a renewed increase lately,” said analysts at Danske Bank, in a research note. “This may be spooking the markets as to getting the virus under control and seeing a continued normalisation, including a ramp-up in spending.”

That said, “the bar for turning to lockdowns again seems very high, though. Not least in the U.S., where there is strong opposition to this,” Danske added.

Additionally, the market was still digesting a grim picture of the U.S. economic recovery painted by the U.S. Federal Reserve after it concluded its policy meeting on Wednesday.

Elsewhere, sterling has weakened across the board after data showed that Britain’s economy shrank by a record 20.4% in April from March as the country spent the month in a tight coronavirus lockdown.

“At the same time, the Brexit news flow does not look encouraging,” Danske said, “as the U.K. and the E.U. still seem far away from each other.”

Financial Times reported Thursday that the high level summit between U.K. PM Boris Johnson, European Commission President Ursula von der Leyen and European Council President Charles Michel is set to take place on June 15.

dropped 0.1% to 1.2583 and gained 0.3% to 0.8986.

 

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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Israel stocks higher at close of trade; TA 35 up 0.09% By Investing.com



© Reuters. Israel stocks higher at close of trade; TA 35 up 0.09%

Investing.com – Israel stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher.

At the close in Tel Aviv, the rose 0.09% to hit a new 3-months high.

The best performers of the session on the were OPKO Health Inc (TASE:), which rose 4.83% or 42 points to trade at 912 at the close. Meanwhile, Israel Discount Bank Ltd (TASE:) added 4.48% or 52 points to end at 1212 and Airport City Ltd (TASE:) was up 3.98% or 178 points to 4652 in late trade.

The worst performers of the session were Energean Oil & Gas PLC (TASE:), which fell 5.26% or 133 points to trade at 2396 at the close. Fattal 1998 Holdings Ltd (TASE:) declined 3.83% or 930 points to end at 23360 and Delek Drilling LP (TASE:) was down 3.05% or 10 points to 318.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 228 to 163 and 25 ended unchanged.

Crude oil for July delivery was down 0.37% or 0.14 to $38.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.76% or 0.31 to hit $40.49 a barrel, while the August Gold Futures contract rose 0.95% or 16.25 to trade at $1721.35 a troy ounce.

USD/ILS was down 0.03% to 3.4480, while EUR/ILS rose 0.39% to 3.9098.

The US Dollar Index Futures was down 0.25% at 96.362.

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.



Asia stocks set to gain after recovery hopes push Wall Street higher


NEW YORK (Reuters) – Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.

FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon

Markets have been encouraged by a May U.S. jobs report last week that showed a surprise fall in the unemployment rate, bolstering views that the worst of the downturn is over and that the economy was moving towards a quick rebound.

“The jobs report blew away expectations and the numbers were unparalleled in history,” said Thomas Hayes, chairman of Great Hill Capital in New York. “We’re starting to see in the market the magnitude and speed of U.S. government intervention and the market is now looking through the short-term negative numbers from GDP towards a much stronger recovery.”

Australian S&P/ASX 200 futures were up 0.67% and Hong Kong’s Hang Seng index futures rose 0.52%. However, Japan’s Nikkei 225 futures were down 0.04%.​

The Nasdaq hit a record high close on Monday, becoming the first of Wall Street’s three main indexes to bounce back from the market crash caused by the pandemic.

Financial, automotive and retail-oriented and energy shares – the stocks most beaten-down since the pandemic slammed markets – have been leading equity indices higher recently.

U.S. stocks also added to gains late in the trading session after the Federal Reserve eased the terms of its “Main Street” lending program to encourage more businesses and banks to participate.

On Wall Street, the Dow Jones Industrial Average rose 1.7%, the S&P 500 gained 1.20% and the Nasdaq Composite added 1.13%.

Oil prices fell after Saudi energy minister Prince Abdulaziz bin Salman said on Monday that the kingdom and Gulf allies Kuwait and the United Arab Emirates would not cut an extra 1.18 million bpd in July as they are doing this month.

The Organization of Petroleum Exporting Countries and others had on Saturday agreed to sustain cuts equal to about 10% of global oil supply.

U.S. benchmark crude fell $1.36 a barrel to settle at $38.19 a barrel, while Brent settled down $1.50 at $40.80 a barrel.

In currency market, the dollar slid and commodity currencies gained as risk appetite ramped up. The New Zealand dollar rose to its highest in nearly four months after the government said it had stopped local transmission of the coronavirus.

The dollar index fell 0.053%, with the euro up 0.02% to $1.1294.

The Japanese yen weakened 0.01% versus the greenback at 108.44 per dollar, while sterling was last trading at $1.2733, up 0.09% on the day.

Yields on top-rated German government bonds dipped but remained near more than two-month highs hit last week on the back of improving sentiment in world markets.

U.S. Treasury yields also fell, with the 10-year note down 2.8 basis points at 0.8785%. Gold rose after a steep decline, boosted by hopes of a dovish monetary policy outlook from the Federal Reserve after the U.S. central bank ends a two-day meeting on Wednesday.

Investors are now seeking clarity from Fed Chair Jerome Powell on monetary and fiscal policies.

U.S. gold futures settled up 1.3% at $1,705.1 an ounce.

Reporting by Chibuike Oguh in New York; Editing by Sam Holmes



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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.83% By Investing.com



© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.83%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the , and sectors led shares higher.

At the close in Saudi Arabia, the gained 0.83%.

The best performers of the session on the were National Gypsum Company (SE:), which rose 9.95% or 1.32 points to trade at 14.58 at the close. Meanwhile, Al-Ahlia Insurance Company (SE:) added 9.94% or 0.81 points to end at 8.96 and National Agriculture Development Co (SE:) was up 9.30% or 2.40 points to 28.20 in late trade.

The worst performers of the session were Bupa Arabia for Coop. Insurance (SE:), which fell 2.09% or 2.40 points to trade at 112.60 at the close. Riyad REIT (SE:) declined 1.78% or 0.14 points to end at 7.74 and Mulkia Gulf Real Estate REIT (SE:) was down 1.27% or 0.10 points to 7.78.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 151 to 39 and 9 ended unchanged.

Shares in National Agriculture Development Co (SE:) rose to 52-week highs; up 9.30% or 2.40 to 28.20. Shares in Mulkia Gulf Real Estate REIT (SE:) fell to 52-week lows; losing 1.27% or 0.10 to 7.78.

Crude oil for July delivery was up 4.12% or 1.54 to $38.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 4.95% or 1.98 to hit $41.97 a barrel, while the August Gold Futures contract fell 2.26% or 39.05 to trade at $1688.35 a troy ounce.

EUR/SAR was down 0.37% to 4.2400, while USD/SAR rose 0.03% to 3.7550.

The US Dollar Index Futures was up 0.29% at 96.938.

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.