My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
US stocks end in the red
Jun 28,2017

U.S. stocks fell on Tuesday, 27 June 2017 with major indexes ending near session lows after Senate Republicans delayed a vote on health care legislation and as losses for technology shares deepened. Equities sold off into the closing bell, leaving the major averages at their worst marks of the day.

The Dow Jones Industrial Average dropped 98.89 points, or 0.5%, to finish at 21,310.66. The S&P 500 slid 19.69 points, or 0.8%, to close at 2,419.38. The Nasdaq Composite Index which is heavily weighted toward the technology sector, skidded 100.53 points, or 1.6% to 6,146.62.

While the Nasdaq traded lower throughout the session, pressured by the latest day of weakness in the technology space, the Dow and S&P had move into modestly positive territory in midday trading. However, losses accelerated after Republican Senate leaders postponed a vote on a controversial health-care bill that would replace Obamacare until after the July 4 holiday.

Tuesday marked the second straight daily decline for the Nasdaq. The S&P 500 has fallen in four of the past six sessions while the Dow has dropped in five of the past six.

There was a notable jump in long-term rates on Tuesday as sovereign bond markets came under selling pressure in the wake of a morning remark from ECB President Mario Draghi that the threat of deflation is gone. The yield on the 10-yr Treasury note jumped six basis points to 2.20%, which contributed partly to the selling activity in richly-valued technology stocks. However, the heavily-weighted financial sector benefited from the activity in the Treasury market.

The ICE U.S. Dollar Index was down 0.9% and weakness in the greenback tends to boost demand for dollar-priced commodities from investors using another currency.

U.S. data on Tuesday showed a larger-than-expected rise to 118.9 in the consumer confidence index. The key takeaway from the report is that consumer expectations for the short-term have been reined in some, but are still upbeat overall.

Bullion prices ended higher at Comex on Tuesday, 27 June 2017. Gold edged higher on Tuesday to notch its fourth gain in five sessions as the dollar dropped and U.S. equities weakened, drawing investor attention to the precious metal. Prices finished off the days best levels, however, losing ground as Federal Reserve Chairwoman Janet Yellen started speaking about global economic issues at an event in London in the minutes ahead of golds price settlement.

August gold added 50 cents, or less than 0.05%, to settle at $1,246.90 an ounce after touching an earlier high of $1,253.80. September silver rose 2 cents, or 0.1%, to $16.651 an ounce after trading as high as $16.73.

Crude-oil prices advanced on Tuesday, 27 June 2017 with the commodity logging its fourth gain in a row as traders braced for a possible decline in U.S. supplies.

August West Texas Intermediate crude rose by 86 cents, or 2%, to settle at $44.24 a barrel on the New York Mercantile Exchange, while Brent oil for August delivery gained 82 cents, or 1.8%, to $46.65 a barrel.

On Wednesday, investors will receive the weekly MBA Mortgage Applications Index and May Pending Home Sales (consensus 0.5%). The two reports will be released at 7:00 ET and 10:00 ET, respectively.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks end mixed, Yellen speech eyed
Jun 27,2017

Asia Pacific share market closed mixed after a lacklusture trade on Tuesday, 27 June 2017, as Wall Street overnight provided few catalysts after the S&P 500 and the Dow closed overnight effectively flat and on caution ahead of U.S. Federal Reserve Chair Janet Yellens speech later in the day.

Yellen is scheduled to take part in a discussion on global economic issues at Londons Royal Academy and a number of other top Fed officials are also due to speak later in the global day. Later Tuesday investors will closely watch comments from Federal Reserve Chairwoman Janet Yellen to support the Feds projection for one more interest rate rise this year.

Oil prices were largely unchanged as the market took a breather after stabilising over the past three days. Crude oil delivery for August was currently up by 0.11 percent or $43.49 per barrel. The crude oil price nudged higher, stemming steep recent losses on talk of OPECs resolve to re-balance oil markets.

Looking ahead later in the global day, European Central Bank President Mario Draghi is expected to speak at the European Central Bank Forum on Central Banking, in Portugal. Reserve Bank of Australia Assistant Governor Guy Debelle is expected to speak at the Global FX Code of Conduct Launch in Singapore, via satellite. Bank of England Governor Mark Carney is scheduled to hold a press conference about the Financial Stability Report, in London.

In the New York session, U.S. S&P/Case-Shiller home price index for April, U.S. consumer confidence index for June, and U.S. Richmond Fed manufacturing index for June are slated for release. Federal Reserve Bank of Philadelphia President Patrick Harker is expected to speak about the economic outlook and international trade at the European Economics & Financial Centre, in London. Federal Reserve Chair Janet Yellen will speak on global economic issues at the British Academy Presidents Lecture, in London.

Among Asian bourses

Australia Stocks edge lower

Australian equity market ended edge lower after swinging between positive and negative territory in narrow range, as gains among the major banks and miners failed to counter weakness in the Utilities, Healthcare and Consumer Staples sectors. The S&P/ASX 200 index closed down 0.1% or 5.96 points to 5,714.20 at the close of trade.

The gains on the financial trimmed the losses on the index. Commonwealth Bank of Australia and Australia & New Zealand Banking both rose for a second day running, recovering from another bout of selling last week after South Australias state government proposed a tax that would piggyback on a new federal levy on the biggest banks liabilities that has raised concerns other state governments could follow. The pair gained 0.7% and 1%, respectively, while Westpac Banking and National Australia Bank were little changed. Leading insurer QBE Insurance Group which fell 1.5% hitting over a six-month low earlier in the day, ended the session 1.3% higher. Bank of Queensland closed 1.9% higher while BT Investment Management rose 1%.

Shares of material sector also advanced. Among the miners, BHP Billiton inched higher while Fortescue Metals Group climbed 3.8% as iron-ore prices have stabilized in recent sessions, and Chinese futures were modestly higher on Tuesday. Rio Tinto rose 0.5% after signalling an end to the bidding war for its NSW coal operations by saying it still plans to sell to to Yancoal after the Chinese company raised its bid to $US2.69 billion ($A3.55 billion) in response to a rival offer by Glencore

Blackmores dropped by 4.4% after the vitamins producer said Chief Executive and Managing Director Christine Holgate was stepping down after nine years at the helm, to take over running Australia Post.

Energy giant Santos ended 0.3% down after the company has agreed to form a strategic partnership with key Chinese shareholders to jointly invest in gas exploration and LNG production in Australia and Papua New Guinea.

Nikkei rises on softer yen

The Japan share market finished session edge higher, as investors sentiments buoyed by as the yens retreat against the U.S. dollar, with shares of iron and steel, rubber product and mining-linked sectors being major gainers. However, market gains limited as investors became more circumspect ahead of U.S. Federal Reserve Chair Janet Yellens speech later in the day. The 225-issue Nikkei Stock Average added 71.74 points, or 0.36%, to close the day at 20,225.09. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 6.81 points, or 0.42%, to finish the day at 1,619.02.

Advancing issues outpaced declining ones by 1,215 to 654 on the First Section. Trading volume on the main section on Tuesday came to 1,573.97 million shares, rising from Mondays volume of 1,395.60 million shares. The turnover on the second trading day of the week totaled 2,142.0 billion yen.

Shares of export-related issues gained after the dollar stood tall on Tuesday, hitting a more than one-month high against the yen as investors waited to see if Federal Reserve Chair Janet Yellen would stick to her positive economic outlook at an event later in the global session. The dollar was at 112.07 yen, the highest since May 24. Among exports, Toyota Motor Corp rose 0.7%, while Panasonic Corp added 1.3% and Canon Inc advanced 0.8%.

Also on the positive side was the steel sector which got a boost with reports highlighting a positive reversal in steel prices. Goldman Sachs wrote in a report that East Asian steel prices are clearly turning up after bottoming in early June. JFE Holdings soared 2.5% and Nippon Steel & Sumitomo Metal Corp surged 2.7%.

Troubled air bag inflator maker Takata Corp, which filed for bankruptcy protection in the United States and Japan on Monday, tumbled to 110 yen, a daily limit low. Takata apologised on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firms last annual shareholder meeting as a listed company.

China Stocks up on industrial profit data

The Mainland China equity market closed higher after recouping earlier losses, as sentiments firmed up on news that Chinese industrial profits growth accelerated in May from a year ago. Data from the National Bureau of Statistics showed that Chinas industrial profits grew at a faster pace of 16.7% year-over-year in May, following a 14% spike in April. However, gains were limited as investors turned cautious amid a strong rally in blue-chips after MSCI decided last week to add 222 China-listed stocks to its Emerging Markets Index. Sector performance was mixed, with gains were led by bank stocks, while real estate stocks dragged behind after jumping nearly 9% during the previous two sessions. The blue-chip CSI300 index rose 0.2%, to 3,674.72 points, while the Shanghai Composite Index added 0.2% to 3,191.20 points.

With the blue-chip index trading at the highest level since early 2016, some investors arent sure if the index can run up much further amid signs Beijing will continue to keep liquidity conditions relatively tight. Citing relatively high liquidity levels in the banking system, Chinas central bank on Tuesday skipped open market operations for a third consecutive day, as short-term borrowing rates have eased recently.

Data from the National Bureau of Statistics (NBS) released on Tuesday showed profitability growth in Chinese industrial companies accelerated in May 2017. The combined profits of Chinese industrial firms rose 16.7% year-on-year to CNY626 billion in May, up 2.7%age points from the 14% y/y growth rate in April. For the first five months of this year, total profits rose 22.7% to CNY2.905 trillion. The growth rate was 1.7%age points lower than the 24.4% gain in the first four months. The NBS attributed the rise in May profit growth compared to April to a faster growth in investment profits and products sales.

Hong Kong Stocks end down

The Hong Kong stock market ended slight lower in narrow trade on tracking the mixed performance of the US markets overnight, tumble in the growth enterprise market (GEM) for start-ups due to worries over potential policy changes, and on caution ahead of ahead of U.S. Federal Reserve Chair Janet Yellens speech later in the day. The Hang Seng index fell 0.1%, to 25,839.99, while the China Enterprises Index lost 0.3%, to 10,498.07 points. Turnover increased to HK$72.5 billion from HK$68.2 billion on Monday.

Geely Auto (00175) shot up 4.12% to HK$16.16 after its board lot size will be changed to 1,000 shares effective from 18 July.

A nearl-10% slump in GEM, the biggest drop in nearly two years, soured the mood. Over a dozen small-caps lost over 50% on Tuesday - some tumbling over 90% - amid speculation the Hong Kong stock exchange would delist thinly-traded stocks. China Jicheng Holdings lost 94%, while Greaterchina Professional Services tumbled 93%. Most small cap stocks under heavy selling are among the 50 stocks which shareholder activist David Webb recommended not to own. Major Holdings (01389) plunged 80.99% to HK$0.192. GreaterChina Professional Services (08193) tumbled 93.4% to HK$0.064.

Indian market registers modest losses

Key benchmark indices closed the first trading session of the week with modest losses. The barometer index, the S&P BSE Sensex dropped 178.76 points or 0.57% at 30,959.45, as per the provisional closing data. The Nifty 50 index lost 60.35 points or 0.63% at 9,514.60, as per the provisional closing data. The Sensex provisionally settled below the psychological 31,000 level. Negative cues from European markets spoiled investors sentiment.

Geopolitical tensions also weighed on market sentiment amid reports suggesting that China today, 27 June 2017 accused Indian troops of crossing the boundary in the Sikkim region and demanded their immediate withdrawal, while asserting that it stopped the Indian pilgrims who enter Tibet via the Himalayan pass of Nathu La for safety reasons in view of the border issue.

Index heavyweight and engineering and construction major L&T lost 1.34%. The company said its construction division has won orders worth Rs 2552 crore across various business segments. The announcement was made during market hours today, 27 June 2017.

State-run Bharat Heavy Electricals (Bhel) was down 0.48%. The company announced that it secured an order for setting up 15 megawatts (MW) Solar Photovoltaic (SPV) Power Plant on engineering, procurement and construction (EPC) basis, in Gujarat. The order has been placed on Bhel by Gujarat Alkalies and Chemical (GACL) for setting up the SPV Power Plant at Gujarat Solar Park at Charanka in Gujarat. The announcement was made during trading hours today, 27 June 2017.

Software major Infosys declined 1.84%. The company issued a press release regarding its settlement with New York Attorney General. The company said that its agreement concluded the State of New Yorks investigation relating to the amount of taxes the company paid in 2010-2011 without any criminal or civil charges being filed. While this investigation centered on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard, Infosys said.

Powered by Capital Market - Live News

Hong Kong Stocks end down
Jun 27,2017

The Hong Kong stock market ended slight lower in narrow trade on Thursday, 22 June 2017, after the mixed performance of the US markets overnight, tumble in the growth enterprise market (GEM) for start-ups due to worries over potential policy changes, and on caution ahead of ahead of U.S. Federal Reserve Chair Janet Yellens speech later in the day. The Hang Seng index fell 0.1%, to 25,839.99, while the China Enterprises Index lost 0.3%, to 10,498.07 points. Turnover increased to HK$72.5 billion from HK$68.2 billion on Monday.

Powered by Capital Market - Live News

China Stocks up on industrial profit data
Jun 27,2017

The Mainland China equity market closed higher after recouping earlier losses on Tuesday, 27 June 2017, as sentiments firmed up on news that Chinese industrial profits growth accelerated in May from a year ago. Data from the National Bureau of Statistics showed that Chinas industrial profits grew at a faster pace of 16.7% year-over-year in May, following a 14% spike in April. However, gains were limited as investors turned cautious amid a strong rally in blue-chips after MSCI decided last week to add 222 China-listed stocks to its Emerging Markets Index. Sector performance was mixed, with gains were led by bank stocks, while real estate stocks dragged behind after jumping nearly 9% during the previous two sessions. The blue-chip CSI300 index rose 0.2%, to 3,674.72 points, while the Shanghai Composite Index added 0.2% to 3,191.20 points.

Powered by Capital Market - Live News

Nikkei rises on softer yen, Yellen speech eyed
Jun 27,2017

The Japan share market finished session edge higher on Tuesday, 27 June 2017, as investors sentiments buoyed by as the yens retreat against the U.S. dollar, with shares of iron and steel, rubber product and mining-linked sectors being major gainers. However, market gains limited as investors became more circumspect ahead of U.S. Federal Reserve Chair Janet Yellens speech later in the day. The 225-issue Nikkei Stock Average added 71.74 points, or 0.36%, to close the day at 20,225.09. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 6.81 points, or 0.42%, to finish the day at 1,619.02.

Powered by Capital Market - Live News

Australia Stocks edge lower
Jun 27,2017

Australian equity market ended edge lower after swinging between positive and negative territory in narrow range on Tuesday, 27 June 2017, as gains among the major banks and miners failed to counter weakness in the Utilities, Healthcare and Consumer Staples sectors. The S&P/ASX 200 index closed down 0.1% or 5.96 points to 5,714.20 at the close of trade.

Powered by Capital Market - Live News

US stocks close mostly lower
Jun 23,2017

U.S. stocks reversed direction to close mostly lower on Thursday, 22 June 2017 as weak financials and consumer staples shares eclipsed a rally in the health-care and biotechnology sectors. The stock market held a modest gain throughout the majority of Thursdays session, but increased selling pressure in the final hour of action dragged the major averages from their best marks of the day.

The Dow Jones Industrial Average slipped 12.74 points to end at 21,397.29. The Nasdaq Composite Index bucked the trend for a second day to edge up 2.73 points to close at 6,236.69, supported by the biotechnology advance. The S&P 500 dropped 1.11 points to finish at 2,434.50, with financial stocks falling 0.6% and consumer staples shedding 0.7%.

Equities opened Thursdays session slightly lower, but ticked up into positive territory after the Senate released its version of the healthcare reform bill. Health-care stocks were among the biggest gainers, adding 1.4%, as lawmakers released a n++discussion draftn++ of the health-care bill that aims to cut Medicaid and eliminate penalties for people who dont buy insurance, among other changes.

Latest economic data at Wall Street showed that the latest weekly initial jobless claims count totaled 241,000 while the consensus expected a reading of 240,000. It was above the revised prior week count of 238,000 (from 237,000). As for continuing claims, they rose to 1.944 million from the revised count of 1.936 million (from 1.935 million). The key takeaway from this report is that it will feed expectations for another decent-sized gain in nonfarm payrolls since it encompassed the week in which the survey for the June employment report was conducted.

Separately, the Conference Boards Leading Indicators report for May increased 0.3% (consensus 0.3%) after moving higher by a revised 0.2% in April (from 0.3%). The key takeaway from the report is that strengths among the leading indicators have remained more widespread than weaknesses. Also, the FHFA Housing Price Index for April increased 0.7%, which followed a revised uptick of 0.7% (from 0.6%) in March.

Bullion prices ended higher at Comex on Thursday, 22 June 2016. Gold tallied back-to-back session on Thursday, as the precious metal tried to clamber off five-week lows struck earlier this week.

August gold added $3.60, or 0.3%, to settle at $1,249.40 an ounce after tacking on about 0.2% a day earlier. That was the highest settlement since Friday and it comes just three days after the contract finished Tuesday at its lowest since May 16. July silver gained 13.5 cents, or 0.8%, to $16.509 an ounce.

The closely watched dollar index traded little changed as gold prices closed, lessening the currency-related headwind for commodities priced in the currency, including gold. A stronger dollar tends to make assets pegged to the buck more expensive to buyers using other monetary units. U.S. equities, meanwhile, traded mostly higher after an earlier struggle for direction.

Crude oil prices finished modestly higher on Thursday, 22 june 2017 with a second weekly decline in U.S. crude supplies helping prices recoup some of their recent losses. But prices were still stuck in a bear market, defined as a decline from a recent peak of at least 20%, on lingering worries about strong domestic production growth.

August West Texas Intermediate crude advanced 21 cents, or 0.5%, to settle at $42.74 a barrel on the New York Mercantile Exchange. Brent crude for August delivery on Londons ICE Futures exchange added 40 cents, or 0.9%, to $45.22 a barrel.

Prices fell on Wednesday as data from the Energy Information Administration showed a weekly climb in U.S. crude production, feeding concerns that efforts by other major producers to cut down global supplies down to a five-year average will fail. The report, however, also showed that crude stockpiles declined for a second week in a row.

U.S. Treasuries settled modestly higher across the curve with the benchmark 10-yr yield slipping one basis point to 2.15%.

Investor participation was below average as fewer than 900 million shares changed hands at the NYSE floor.

Fridays lone economic report, May New Home Sales (consensus 599,000) will cross the wires at 10:00 ET.

Powered by Capital Market - Live News

Hong Kong Stocks end mixed
Jun 22,2017

The Hong Kong stock market ended slight lower on Thursday, 22 June 2017, as investors pondered the potential impact of MSCIs decision to include more mainland China stocks in a key benchmark index. The Hang Seng index fell 0.1%, to 25,674.53 points, while the China Enterprises Index gained 0.1%, to 10,402.76 points. Turnover increased to HK$78 billion from HK$76.5 billion on Wednesday.

Powered by Capital Market - Live News

China Stocks hit 17-month high after MSCI inclusion
Jun 22,2017

The Mainland China equity market closed at 17-month high on Thursday, 22 June 2017, as sentiments remained firmed after MSCI decided to add yuan-traded equities to its global benchmark indices. However, intraday gains trimmed late afternoon due to profit booking. The Shanghai Composite Index added 0.3%, or 8.76 points, to 3,147.45. The CSI 300 Index of large companies in Shanghai and Shenzhen managed to close 0.1% up at an 18-month high, while the Shenzhen Composite slid 1.3% and the ChiNext index of small-company shares in the city sank 1.4%.

Powered by Capital Market - Live News

Nikkei edges down amid lack of incentives
Jun 22,2017

The Japan share market finished session marginally lower after moving around the previous days closing levels throughout the day on Thursday, 22 June 2017, as investors sentiments lacklustre amid a dearth of fresh incentives to trade on. Mining, insurance, and oil and coal product-related issues comprised those that declined the most by the close of play, while pharmaceuticals, banks and electronics makers provided support. The 225-issue Nikkei average shed 28.28 points, or 0.14%, to end at 20,110.51. The Topix index of all first-section issues closed down 1.18 points, or 0.07%, at 1,610.38. Advancing issues outpaced declining ones by 992 to 876 on the First Section. Trading volume on the main section came to 1,550.40 million shares, declining from Wednesdays volume of 1,634.36 million shares. The turnover on the penultimate trading day of the week totaled 2,077.1 billion yen.

Powered by Capital Market - Live News

Banks and miners boost Australia market
Jun 22,2017

Australian equity market ended higher for the first time in three consecutive sessions on Thursday, 22 June 2017, as banks rebounded after two straight sessions of losses and mining stocks benefited from a rise in commodity prices. However, market gains capped after South Australia state announced plans for a fresh tax on the countrys biggest lenders that will have the same structure as a new federal levy. The S&P/ASX 200 index closed 0.7 per cent or 40.28 points higher to at 5,706. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 638 to 512 and 402 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.68% to 13.451.

Powered by Capital Market - Live News

Nikkei gains as soft yen boosts exporters
Jun 20,2017

The Japan share market finished session in positive territory on Tuesday, 20 June 2017, as investors sentiments powered by record highs on Wall Street overnight and depreciation in the yen after Federal Reserve Bank of New York President William Dudleys comments. The Nikkei finished up 0.8% at 20,230.41 Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2249 to 938 and 296 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.52% to 13.29.

Powered by Capital Market - Live News

China Stocks fall ahead of the MSCI decision on A shares
Jun 20,2017

The Mainland China equity market closed lower on Tuesday, 20 June 2017, on caution before MSCI Inc. announcement whether it will add Chinese domestic shares to its benchmark indexes. The Shanghai Composite Index eased 0.14%, or 4.36 points, to 3,140.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.12%, or 2.21 points, to 1,879.06. The CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - fell 0.2% or 7.18 points to 3,546.49. The Nasdaq-style ChiNext rose 0.3% or 18.33 points to 1,820.98.

Powered by Capital Market - Live News

Australia Market falls on banks, realty weakness
Jun 20,2017

Australian equity market ended lower on Tuesday, 20 June 2017, as profit taking triggered after two straight sessions of gains, with shares of banks, realty, and energy companies leading broad selling. The S&P/ASX 200 index declined 0.8%, or 47.87 points to finish the session at 5,757.30.

Powered by Capital Market - Live News

Good gains for US stocks
Jun 20,2017

U.S. stocks rose on Monday, 19 June 2017 with both the Dow and the S&P 500 ending at new records as technology shares rebounded from a recent bout of sharp weakness to lead the market higher.

The Dow Jones Industrial Average rose 144.71 points, or 0.7%, to 21,528.99, ending at its highs of the day, which represented both an intraday and a closing record. With the days move, the blue-chip average is up 8.9% so far this year. The S&P 500 gained 20.31 points to 2,453.46, a gain of 0.8%. The large-cap index, up 9.6% in the year to date, hit its own intraday record of 2,453.82 on Monday finished near that high. The Nasdaq Composite Index rose 87.25 points to 6,239.01, a gain of 1.4%.

Among the most notable tech gainers on Monday, Apple rose 2.9% in its biggest one-daadvance since February, while Facebook was up 1.5%. Among other major internet names, Amazon.com added 0.8%.

The closely watched dollar index, rose by 0.3% on Monday, providing a headwind for commodities priced in the currency. A stronger dollar tends to make assets pegged to the buck more expensive to buyers using other monetary units.

Economic uncertainty could continue to hold sway over metals and currency trading, although few major economic data releases are due at the weeks start.

Last week, Fed Chairwoman Janet Yellen laid out a plan to shrink the central banks massive $4.5 trillion balance sheet, one of its economy-spurring tools, starting this year, as they also raised interest rates.

Bullion prices finished in negative territory on Monday, 19 June 2017 as the dollar strengthened and as investors favored assets perceived as risky over so-called havens. Gold has been plagued by a downbeat tone in the wake of recent signals from the Federal Reserve for at least one more increase to interest rates this year in what has been interpreted as an upbeat outlook on US economy. That view sent the yellow metal down for a second straight week last week because higher rates make gold and other commodities, which dont bear yields, less appealing.

August gold fell $9.80, or 0.8%, to $1,246.70. The metal suffered a 1.2% weekly decline last week. July silver fell 15.9 cents, or 1%, to $16.502 an ounce, marking its third straight decline.

U.S. crude-oil benchmark gave up a modest gain to settle at a seven-month low on Monday, 19 June 2017 at Nymex as worries about U.S. output growth persisted. On the New York Mercantile Exchange, light, sweet crude for delivery in July fell 54 cents, or 1.2%, to close at $44.20 a barrel, its lowest close since Nov. 14. August Brent crude on Londons ICE Futures exchange, the global benchmark, declined 46 cents, or 1%, to end at $46.91 a barrel.

Overabundance of oil has suppressed prices for nearly three years. Even though major producers in the Organization of the Petroleum Exporting Countries and Russia have sidelined a portion of their output since January, the market remains well-over saturated and oil storage around the world is in surplus.

In the bond market, U.S. Treasuries settled lower across the curve with the benchmark 10-yr yield climbing four basis points to 2.19%.

Investors did not receive any economic data on Monday. The first report of the week--first quarter Current Account Balance (consensus -$123.4 billion) will cross the wires on Tuesday at 8:30 ET.

Powered by Capital Market - Live News