World markets over the weekend
20/1/2018 12:00 am
[rtl]Capitals / follow-up morning
The results of the OPEC report on oil production dominated the most important events in world markets by the end of the week, as well as concerns about a possible US government shutdown.
E-currency gains also drew investor interest again after recovering from earlier sharp losses, while global stock markets fell apart from European bourses.
US President Donald Trump denounced the Democrats' stance not to pass the spending bill to protect the government from the threat of closure. Global stocks fell US stocks closing at the same time as investors worried that the government might face a risk of closure, while European stock indexes rose by the end of the session with gains in the technology sector while the British index fell alone. Japanese stocks ended lower on the banking and insurance sectors, with the Nikkei falling from its highest level since November 1991. Economic indicators
The US Department of Labor announced that US jobless claims fell last week to 220,000, the lowest level since February 24, 1973, and more than the 250,000-strong estimate.
While Philadelphia industrial activity fell more-than-expected this month to the lowest reading in five months.
According to Freddie Mac, the US mortgage rate rose to an eight-month high this week.
China saw economic growth last year at 6.9 percent, the fastest pace of growth since 2015, and 6.7 percent in 2016. Inventories and gold US crude ended up just two years lower at $ 63.95 a barrel on the back of stockpiles.
US oil inventories fell 6.9 million barrels in the week ending Jan. 12, more than expectations for a 1.4 million barrel decline.
On the other hand, US natural gas inventories fell by 183 billion cubic feet in the week ending January 12, below the forecast of 201 billion cubic feet.
Gold was the biggest daily loss in almost 6 weeks after losing $ 12 to $ 1327.2 an ounce.
Opec production OPEC's
oil production rose by 42.4 thousand bpd in December to 32.416 million bpd led by Nigeria and Angola.
OPEC's monthly report showed an increase in oil demand estimates to 98.51 million barrels per day (bpd) compared to a previous forecast of 98.45 million bpd.
While the price of the basket "OPEC" last month by about 2.1 percent to record 62.06 dollars a barrel in conjunction with the efforts of the Organization to reduce production. E- currency Yesterday, the currency changed from sharp losses to noticeable gains. E-currencies recovered from recent losses, bringing the total market value to $ 50 billion. The "Petcquin" rose to the highest level of 11 thousand dollars to compensate for part of its losses after it fell the lowest $ 10,000. A Wall Street strategist predicted the value of the "Pitcairn" would rise to $ 25,000 this year and reach $ 125,000 by 2022. At the same time, the IMF spokesman called for international cooperation and discussion among regulators on currencies Warning of the risks of rising prices. Profit and loss
US bank Morgan Stanley reported a fourth-quarter profit decline in 2017, but exceeded analysts' expectations.
IBM's revenue in the fourth quarter of 2017 rose for the first time in 23 consecutive quarters, but posted a loss of $ 1.1 billion over the same period.[/rtl]