GLOBALES: Oil slides on supply fears; euro and stocks slip before French election
 Inicio > Internacionales | Publicado el Viernes, 21 de Abril del 2017
GLOBALES: Oil slides on supply fears; euro and stocks slip before French election


Reuters / NEW YORK Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday.

Crude oil prices slid more than 2.0 percent on Friday, on track for the biggest weekly drop in a month, on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut.

U.S. crude futures fell below $50 a barrel for the first time in two weeks, with volumes higher than the daily average.

U.S. crude CLcv1 fell 2.21 percent to $49.59 per barrel and Brent LCOcv1 was last at $51.93.

With two days to go before the French election, centrist presidential candidate, Emmanuel Macron, maintained a narrow lead in opinion polls, though a terrorism incident in Paris on Thursday pushed national security to the top of the political agenda. nL8N1HT0KY]

"After Brexit everyone has to be concerned," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey, speaking of the surprise vote in last June that resulted in the UK move to leave the European Union.

"People are not going to trade if they are nervous nowadays - there is a little nervousness, a lot of uncertainty, so let?s wait and see."

The euro was down 0.2 percent against the dollar at $1.0693 midafternoon in New York on Friday ahead of the French election.

French blue-chip stocks CAC.FCHI fell 0.4 percent, while the pan-European STOXX index added 0.1 percent.

"So far markets have been pretty sanguine in the face of the (French) presidential election, which was flagged as one of the potential banana skins for markets in this year," Hargreaves Lansdown senior analyst, Laith Khalaf, said.

However, the euro zone economy bounded into the second quarter with strong growth, according to a survey showing businesses increased activity at the fastest rate for six years as new orders stayed robust.

The IHS Markit's Flash Composite Purchasing Managers' Index, seen as a good guide to economic growth, climbed to 56.7 from March's 56.4, its highest since April 2011.



MAJOR STOCK MARKETS STEADY

U.S. stocks also edged lower on Friday as geopolitical concerns such the French election offset positive earnings news.

Of the 95 companies in the S&P 500 stock index that have reported earnings through Friday morning, about 75 percent have topped expectations, according to Thomson Reuters data, above the 71 percent average for the past four quarters.

Overall, profits of S&P 500 companies are estimated to have risen 11.2 percent in the quarter, the best since 2011.

The Dow Jones Industrial Average .DJI rose 12.15 points, or 0.06 percent, to 20,590.86, the S&P 500 .SPX lost 3.06 points, or 0.13 percent, to 2,352.78 and the Nasdaq Composite .IXIC dropped 4.00 points, or 0.07 percent, to 5,912.77.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.04 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.08 percent.

Emerging market stocks rose 0.31 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.48 percent higher, while Japan's Nikkei .N225 rose 1.03 percent.

The U.S. dollar index .DXY rose 0.19 percent, with the Japanese yen 0.10 percent firmer versus the greenback at 109.23 per dollar, while Sterling GBP= was last trading at $1.2792, down 0.12 percent on the day.

"Traders understandably look content to flatten their books and ride out the weekend's events from the sidelines," Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, said in a note.

U.S. Treasury prices gained slightly with eyes on France and no major U.S. economic releases due to set market direction. 10-year note yields have held in a tight range since falling to five-month lows on Tuesday, as investors await a catalyst to determine if bonds will continue their rally.

Benchmark 10-year notes US10YT=RR last rose 3/32 in price to yield 2.2302 percent, from 2.241 percent late on Thursday.

Spot gold XAU= added 0.2 percent to $1,284.01 an ounce. U.S. gold futures GCcv1 gained 0.19 percent to $1,286.20 an ounce.

Copper CMCU3 rose 0.26 percent to $5,637.50 a tonne.



Graphic: World FX rates in 2017 - tmsnrt.rs/2kIQHol

Graphic: French presidential election - tmsnrt.rs/2lPduBG

Graphic: Global assets in 2017 - reut.rs/2kD4BGA

Graphic: Global bonds dashboard - tmsnrt.rs/2lmwqHC



(Additional reporting by Saqib Iqbal Ahmed, Julia Simon, Chuck Mikolajczak and Karen Brettell)

GLOBALES: Oil slides on supply fears; euro and stocks slip before French election

Con Información de Reuters

http://entornointeligente.com/articulo/9901473/GLOBALES-Oil-slides-on-supply-fears;-euro-and-stocks-slip-before-French-election

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Todas las noticias del mundo te esperan en este novedoso boletín. Suscríbete!!!
http://www.entornointeligente.com





Destacadas


Ambito / El diputado massista Felipe Solá y Mirta Tundis, que deberán renovar sus bancas en estas elecciones, serán quienes encabece la lista de diputados nacionales del espacio 1País, seguido por...

Ads by Web24

Smart-Reputation.com will fix your online reputation. Contact us.
http://www.smart-reputation.com

El Espectador / Este sábado, en el estadio Nemesio Camacho El Campín, disputan el partido de vuelta. En la ida triunfaron "Las Leonas" 1-2. Archivo Independiente Santa Fe ha dominado la...

Ads by Web24

Our service help you to improve your online reputation
http://www.smart-reputation.com

Ambito / San Martín de San Juan y Rosario Central diseñaron este sábado un atractivo empate 1-1 en uno de los encuentros correspondientes a la fecha 30 del torneo de Primera...

Ads by Web24

Si tu nombre en Google está comprometido podemos ayudarte
http://www.smart-reputation.com

El Nacional / 24 de junio de 2017 09:00 PM | Actualizado el 24 de junio de 2017 21:41 PM Durante la concentración frente a la base aérea Generalísimo Francisco de Miranda,...

Ads by Web24

Regístrate y conviértete en un experto en publicidad
Http:/www.adscoins.com
ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA EST� ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM