Search This Blog


Search Tool

Dec 30, 2016

CMI | Metals Spot Prices Closing Report on December 30, 2016

Spot Prices as of traditional New York closing times

Friday, December 30, 2016

European Markets at Close Report by CNBC on December 30, 2016: Eropean Stocks Close Higher, FTSE Closes at Record High


European bourses finished the day on a slightly higher note on the last trading day of 2016 after opening in the red.
Britain's FTSE 100, which closed early for the New Year weekend, ended 2016 at a record high of 7142.83, registering a gain of more than 14 percent in 2016.
IBEX 35IBEX 35 Idx9352.10
The German DAX rose 0.3 percent to close at 11,481.06 in a shortened trading day. For the year, the benchmark is up almost 7 percent.
Wall Street was little changed at the start of the final trading day.
The pan-European Euro Stoxx 600 closed 0.26 percent higher. Banking stocks were up by 0.44 percent. Data showed earlier on Friday an increase in corporate lending in the euro zone.
Healthcare stocks were also among the worst performers. Johnson and Johnson is reportedly considering breaking up the Swiss technological firm Actelion if it acquires the company. Actelion shares were down by more more than 1 percent.
Oil and gas stocks were slightly down as the starting date for the implementation of the lastest OPEC deal nears. However, oil prices are on track for their greatest yearly percentage gain since 2009. Both WTI and Brent were trading above $53 a barrel on Friday.
Spain reported an increase of 1.4 percent in consumer harmonised prices in December. These had gone up by only 0.5 percent in November, Reuters reported.
Italy said Friday that producer prices dropped 0.1 percent month-on-month in November - a 0.3 percent fall compared to a year ago.
The European Commission approved Thursday a six-month extension to allow the Italian government to revamp its baking system. Monte dei Paschi announced it is issuing a 15 billion euro ($15.8 billion) of debt in 2017 to improve its capital position.
President-elect Trump has said he will meet with intelligence services after the current U.S. administration issued new sanctions against Russia. Among other actions, President Barack Obama expelled 35 Russian diplomats for suspicion of interference in the last U.S. election.
Earlier on Friday the euro went up 2 percent, the highest intraday gain since November 8, but it has settled back down at $1.0557.

U.S. Stock Market Future Indications - December 30, 2016: Wall Street Stocks Aimfor a Positive Final Session in Another Bullish Year

Barbara Kollmeyer

U.S. stock futures were moving higher on Friday as investors got ready to close out the final trading session of 2016, which is set to deliver the best year for the Dow industrials in three years.

Asian Markets at Close Report on December 30, 2016: Asian Stocks Rise Ahead of New Year's Weekend

Kenan Machado

Asia’s equity markets ended 2016 slightly higher, despite a number of unexpected global events that had threatened to throw markets into disarray.

Bloomberg View - December 30, 2016: Why Predictions Matter (Even When They're Wrong)

Megan McArdle

At the end of the year, it has become something of a tradition for columnists to reflect on the things they got wrong over the past 12 months. This year, however, we all got the same damn thing wrong.

The Guardian | World | US | Obama Administration -December 30, 2016: Obama Expels 35 Russian Diplomats in Retaliation for US Election Hcking

Shaun Walker

The Obama administration on Thursday announced its retaliation for Russian efforts to interfere with the US presidential election, ordering sweeping new sanctions that included the expulsion of 35 Russians.

Gerald Celente | Trends in The News: Gerald Celente - Soros Wrong! - December 29, 2016:

Gerald Celente - Soros Wrong! Trends Journal Right!