amwalalghad :: World

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Money Markets - World

Amwal Al Ghad English - 2018-01-04 06:38:30
European markets closed higher on Wednesday, as investors reacted to the release of sweeping reforms for the continent's financial sector. The pan-European Stoxx 600 closed provisionally almost 0.5 percent higher, with most sectors and major bourses in positive territory. Gains among technology, autos, oil and industrials stocks supported indexes Wednesday despite expectations of cautious trading amid the introduction of new market rules from the EU.In corporate news, Next upgraded its full-year profit forecast on Wednesday, sending shares more than 6 percent higher. The British clothing retailer said it beat guidance for sales in the weeks leading up to Christmas as cold weather boosted the sale of winter clothes. Embattled retailer Steinhoff extended gains from Tuesday's session, leaping to the top of the European benchmark. The firm, which has been engulfed in an accounting scandal, said Tuesday that it may have to restate its accounts "for years prior to 2015." Shares of the firm shot up by 32 percent. While falls were limited, British-based recruiter Hays slumped towards the bottom of the benchmark in mid-morning trade. Credit Suisse cut its stock recommendation for the firm to "neutral" from "outperform" on Wednesday. Its shares were down 2.56 percent. Meanwhile, telecommunications and cable firm Altice got a boost after French broadcaster M6 said it had signed a distribution agreement with the company's SFR subsidiary. The company's stock edged toward the top of the Stoxx 600, up more than 7 percent. On Wall Street, the tech-heavy Nasdaq composite jumped to a record high as chip stocks followed shares of Advanced Micro Devices higher. On the data front, investors monitored the much-anticipated introduction of a colossal piece of European Union (EU) legislation on Wednesday. The revamped version of Europe's Markets in Financial Instruments Directive- often referred to as Mifid II- is due to come into effect on January 3, impacting every corner of the continent's financial services system. In commodities, oil prices hit their highest level in 2½ years after major pipelines in Britain and Libya restarted and U.S. production surged to its strongest rate in more than four decades. Brent crude traded at around $67.52 a barrel on Wednesday at 4:46 p.m., up 0.95 percent, while U.S. crude was seen at $61.39, up 1.02 percent. More»
Amwal Al Ghad English - 2018-01-04 06:34:40
U.S. stocks rose to all-time highs Wednesday as a gain in chip stocks propelled the tech sector higher. The S&P 500 advanced 0.6 percent to close at 2,713.06 with tech rising 1.1 percent. It was also the first time the index closed above 2,700 for the first time. Energy stocks also surged 1.5 percent after U.S. crude posted its best settle since December 2014. The Nasdaq composite jumped 0.8 percent to 7,065.53, with Advanced Micro Devices surging more than 5 percent. The tech-heavy index also completed its best start to a year since 2006. The Dow Jones industrial average finished 98.97 points higher at 24,922.68, as it closed in on the 25,000 mark. "The 2017 trends are continuing in 2018," said Adam Sarhan, CEO of 50 Park Investments. "You're seeing a lot of money flowing back into the semiconductors" after some profit-taking at the end of last year. The VanEck Vectors Semiconductor exchange-traded fund (SMH) easily outperformed the broader market last year. It rose 36.5 percent while the S&P 500 gained 19.4 percent.The Register reported there is a security flaw with Intel processors. The report said the issue will require a significant security update of Linux and Microsoft Windows operating systems to work around it. AMD shares jumped on the back of the report. Nvidia's stock climbed 6.6 percent, following AMD's gains. Intel shares, meanwhile, declined more than 3.4 percent. Last year's low volatility still persists in the early parts of 2018. The Cboe Volatility Index (VIX), widely considered the best gauge of fear in the market, dipped below nine for only the sixth time ever. Investors largely shrugged off a tweet from President Donald Trump about North Korea's Kim Jong-Un. Trump tweeted on Tuesday that his "nuclear button" was "much bigger and more powerful" than the one controlled by the North Korean leader. "The market has sort of priced in this kind of banter," said Jeff Zipper, managing director of investments at U.S. Bank Private Wealth Management. He also noted investors may be numb to these tweets "because they've become somewhat daily." Stocks also got a boost from strong economic data. The ISM manufacturing index hit 59.7 percent in December, while construction spending rose 0.8 percent in November. The Atlanta Federal Reserve raised its fourth-quarter real GDP forecast to 3.2 percent from 2.8 percent, citing the strong ISM number. The Federal Reserve also released a summary of its December meeting. The minutes showed that changes to the federal tax code pushed the central bank to raise its economic forecast. President Trump signed a bill last month that revamped the U.S. tax code. In corporate news, Scana shares popped 22.6 percent after Dominion Energy announced it was buying the South Carolina-based utility company for $7.9 billion. More»
Amwal Al Ghad English - 2018-01-03 10:05:54
European stock markets were higher during Wednesday morning trade, as investors reacted to a string of robust economic data and monitored the release of sweeping reforms for the continent's financial sector. The pan-European Stoxx 600 was up around 0.41 percent during early morning deals, with most sectors and major bourses in positive territory. Retail stocks led the gains on Wednesday morning, up over 1 percent after Next upgraded its full-year profit forecast. The British clothing retailer said it beat guidance for sales in the weeks leading up to Christmas as cold weather boosted the sale of winter clothes. Its shares were up more than 9 percent on the news. Looking at individual stocks, British-based recruiter Hays slumped to the bottom of the benchmark in early morning trade. Credit Suisse cut its stock recommendation for the firm to "neutral" from "outperform" on Wednesday. Its shares were off almost 2 percent. Meanwhile, Adecco Group was trading 3 percent higher shortly after the opening bell as Switzerland's second-largest bank upgraded the stock to "overperform" from "underperform". More»
Amwal Al Ghad English - 2018-01-03 06:39:23
U.S. stocks kicked off the new year on a high note on Tuesday as Wall Street bet on another strong year for equities. The S&P 500 gained 0.8 percent to close at 2,695.79, notching intraday and closing records, with consumer discretionary, energy materials and tech all rising more than 1 percent. The Nasdaq composite advanced 1.5 percent to 7,006.90, also hitting record highs. The index also closed above 7,000 for the first time. The Dow Jones industrial average rose 104.79 points to finish at 24,824.01, with Disney shares climbing 4 percent. "This is basically an extension of what we saw in 2017," said Peter Cardillo, chief market economist at First Standard Financial. "With economic data being strong, investors are betting that economic growth will translate into strong earnings growth." Equities had a banner year in 2017, with the three major indexes notching all-time highs. The S&P 500, Dow and Nasdaq gained 19.4 percent, 25.1 percent and 28.2 percent, respectively. Stocks got a boost last year from strong growth in corporate earnings, solid economic data and as expectations of lower corporate taxes. Last month, President Donald Trump signed a bill that slashed the corporate tax rate in the U.S. to 21 percent from 35 percent. Several companies announced they were giving bonuses to their employees after Trump signed the bill. Trump tweeted on Tuesday: "Companies are giving big bonuses to their workers because of the Tax Cut Bill. Really great!" A good start to the year is usually followed by strong yearly performances, according to Ryan Detrick, senior market strategist at LPL Financial. In a tweet Monday, he said the S&P 500 has averaged a full-year return of 14.2 percent over the past 20 years when the index ends the first day of the year higher. Equities rose broadly in the U.S. on Tuesday, but their European counterparts lagged. The Stoxx 600 index — which tracks a broad swath of European stocks — declined 0.2 percent. Disney's stock rose after Macquarie upgraded it to outperform from neutral, pointing out the company's "distribution leverage and optionality, concentration of valuable IP, which will only grow with the Fox acquisition, and continued theatrical momentum." Disney's "Star Wars: The Last Jedi" remained atop the weekend box office, raking in $68.4 million in North American ticket sales. Meanwhile, shares of Target rose 3.6 percent after Loup Ventures analyst Gene Munster predicted the retailer will be bought by Amazon. On the data front, the IHS Markit manufacturing PMI rose to 55.1 in December, marking the strongest growth in the sector since March 2015. Investors also looked ahead to the release of the December jobs report on Friday. Economists polled by Reuters expect the U.S. economy to have added 188,000 jobs last month. "Friday's employment report will be the highlight of the first week of the new year," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note Tuesday. "We expect a continuation of the string of solid employment data, with nonfarm payrolls ... posting solid gains." More»
Amwal Al Ghad English - 2018-01-03 06:35:31
European markets closed mixed on Tuesday afternoon, as investors continued to monitor geopolitical unrest in Iran. The pan-European Stoxx 600 closed lower, down by 0.2 percent, with most sectors in negative territory and major bourses pointing in opposite directions. Automotive stocks were among the negative performers Tuesday, down 0.1 percent amid weaker-than-expected car registrations data. Schaeffler sank to the bottom of both the sector and the Stoxx 600, down almost 5 percent. Looking at individual stocks, advertising firm Publicis Groupe fell toward the bottom of the pan-European index, after Macquarie downgraded the stock from "outperform" to "neutral." Shares of the company dipped almost 3 percent. Elsewhere, embattled South African retailer Steinhoff said Tuesday that it may have to restate its accounts "for years prior to 2015." Steinhoff's stock dipped significantly in 2017 due to an accounting scandal. Shares of the Frankfurt-listed firm surged to the top of the European benchmark Tuesday, up more than 9 percent. On Wall Street, the Dow Jones industrial average opened 100 points higher. Global sentiment was supported by news that North Korea had adopted an unusually conciliatory tone with South Korea. In his annual New Year's Day address, leader Kim Jong Un said he wished for a "peaceful resolution" with Seoul. Elsewhere, Iranian protesters attacked police stations late into the night on Monday, news agency and social media reports said, as security forces struggled to contain the boldest challenge to the clerical leadership since unrest in 2009. U.K. manufacturing data released by IHS Markit showed a slight slowdown in December from the previous month. The research firm's purchasing managers' index (PMI) for the manufacturing sector fell to 56.3 in December from 58.2 in November, missing expectations. More»
Amwal Al Ghad English - 2018-01-03 05:47:38
Asian stocks notched moderate gains on Wednesday, tracking sizable increases seen on Wall Street overnight as the dollar remained in the doldrums. South Korea's benchmark Kospi index edged up 0.17 percent as large cap technology names extended the moderate gains seen last session. Heavyweights Samsung Electronics and SK Hynix rose 0.9 percent and 1.57 percent, respectively. Steel plays were also higher in the morning, with blue-chip Posco jumping 5.31 percent and Hyundai Steel rising 2.62 percent. Hyundai Heavy Industries soared 8.37 percent after the South Korean shipbuilder announced it was aiming for 7.99 trillion won ($7.52 billion) in sales this year, Reuters said. Hyundai Heavy shares had plunged last week when it unveiled plans to list its Hyundai Oilbank subsidiary. Shares of other shipbuilders also jumped, with Daewoo Shipbuilding rising 11.4 percent.Also of note was a tweet from President Donald Trump, which took a jab at North Korean leader Kim Jong Un. Trump's tweet, which boasted that his "Nuclear Button" is "bigger" than Kim's, came after South Korea on Tuesday said it was interested in hosting talks with the North on January 9. Hong Kong's Hang Seng Index edged up 0.31 percent after soaring 2 percent on Tuesday, with technology shares continuing their ascent. Apple supplier AAC Technologies rose 1.34 percent and heavyweight Tencent tacked on 1.24 percent. Mainland markets also trended higher, with the Shanghai Composite advancing 0.88 percent and the Shenzhen Composite adding 0.91 percent. More»
Amwal Al Ghad English - 2018-01-02 09:27:24
European stock markets were lower during Tuesday morning trade, as investors reacted to surprisingly upbeat economic data in China and continued to monitor geopolitical unrest in Iran. The pan-European Stoxx 600 edged 0.3 percent lower during early morning deals, with most sectors and major bourses in negative territory. Autos stocks were the worst performers on Tuesday morning, down more than 1.4 percent shortly after the opening bell. Ferrari and Fiat Chrysler led the sector's losses, both falling more than 2.5 percent in early trade. Shares of Ferrari were temporarily suspended from trade before resuming. Looking at individual stocks, Steinhoff International surged to the top of the European benchmark on Tuesday. The South African retailer said it is continuing to work with external auditors to conclude the probe into its 2017 results and would also consider restating other prior years' results. The embattled firm was more than 9 percent higher in early morning deals. Vestas Wind was also trading higher on Tuesday, up more than 3 percent after Sydbank upgraded its outlook on the Danish wind power company to "buy" from "hold". Data, geopolitical tension In Asia, shares surged to decade highs on Tuesday after a survey of Chinese manufacturing activity showed stronger-than-anticipated market sentiment. The Caixin index of Chinese industry rose to a four-month high in December, beating analyst forecasts and sending Shanghai blue-chip stocks more than 1 percent higher. The unexpectedly robust economic data comes at a time when the world's second-largest economy is cracking down on industrial pollution and attempts to negotiate a cooling property market. Global sentiment was supported by news that North Korea had adopted an unusually conciliatory tone with South Korea. In his annual New Year's Day address, leader Kim Jong Un said he wished for a "peaceful resolution" with Seoul. Elsewhere, Iranian protesters attacked police stations late into the night on Monday, news agency and social media reports said, as security forces struggled to contain the boldest challenge to the clerical leadership since unrest in 2009. In commodities, oil prices were little changed on Tuesday morning, amid unrest in Iran and ongoing supply cuts by OPEC and Russia. Brent crude traded at around $66.87 a barrel, unmoved from the previous session, while U.S. crude was seen at $60.50, up 0.1 percent. More»
Amwal Al Ghad English - 2018-01-02 09:15:59
If Bitcoin's too crazy a ride for you, here are 18 stocks that analysts say could enjoy their own personal bull runs during 2018. The "18 stocks for '18" list includes oil and natural gas drillers and drug makers. It also spotlights an internet travel company and high-tech firms that make the digital computing world go. This lineup of potential stars (shown below) is based on a simple methodology: They're the companies in the Standard & Poor's 500 with the biggest potential to rise when you compare their closing share price on Dec. 15 to the higher projected price targets of Wall Street analysts, using data from S&P Global Market Intelligence. Aside from strong-performing tech names, many of these stocks are considered good deals or "value plays," because their prices were beaten down in 2017 despite a nearly 20% gain for the broader market. Energy companies, which fell more than 3% in 2017 and were among the worst stock market performers, dominate the list. The industry — which includes companies that drill for oil as well as ones that provide services and storage facilities to energy customers — is seen bouncing back in 2018. Analysts expect them to benefit from stronger prices, bigger earnings gains following government tax cuts and a global economy that is growing virtually everywhere. Tech companies, which enjoyed the biggest gains of all industry groups in 2017, are expected to fare well again. A strong economy and cash windfalls from tax cuts could fuel a rebound in corporate spending on equipment and a continued push into emerging technologies like the cloud, artificial intelligence and robotics. More»
Amwal Al Ghad English - 2018-01-02 05:54:57
Asian indexes were mostly firmer in the first trading session of the new year as markets shrugged off the softer lead from Wall Street. Meanwhile, the dollar remained on the back foot after touching its lowest levels in three months. In Sydney, the S&P/ASX 200 slipped back below the flat line to trade lower by 0.12 percent. Gains in the telecommunications space were offset by declines in the health care and heavily-weighted financials sub-indexes, which lost 0.64 percent and 0.32 percent, respectively. Gold producer stocks rose 1.18 percent as the yellow metal held onto gains made last week. Kingsgate rose 3.75 percent and Newcrest added 1.36 percent. Elsewhere, South Korean markets carved out slight gains following geopolitical developments regarding North Korea in the past week. The benchmark Kospi index tacked on 0.24 percent as technology stocks mostly gained while automakers fell. Heavyweights Samsung Electronics and SK Hynix edged up 0.35 percent and 0.39 percent, respectively, while Hyundai Motor declined 2.24 percent. North Korean leader Kim Jong Un had declared his country a nuclear power during his New Year's Day address on Monday, but also acknowledged that he was "open to dialogue" with the South, Reuters reported. Last week, South Korea seized a second vessels suspected of violating sanctions by smuggling oil to North Korea. The positive sentiment was also seen in greater China markets. Hong Kong's Hang Seng Index soared 1.55 percent as property and banking shares popped. Sunac rose 9.58 percent, Country Garden advanced 9.26 percent and China Evergrande Group added 5.38 percent in morning trade. The Hang Seng outperformed other major Asian markets in 2017, rising 36 percent in the past year alone. Mainland markets also saw increases: The Shanghai Composite rose 0.86 percent and the Shenzhen Composite was higher by 0.44 percent. The Caixin manufacturing PMI, which focuses on activity at smaller businesses, for December released Tuesday came in at 51.5, topping the 50.6 figure forecast in a Reuters poll. The strong showing, which touched a four-month high, was attributed to solid output and new orders. The official manufacturing Purchasing Managers' Index (PMI) released last week had come in at 51.6 for the month of December, meeting analyst expectations, Reuters said. Markets in Japan, New Zealand and Thailand were closed for holidays. Equities in the region had run up significantly last year, with MSCI's broad index of shares in Asia Pacific excluding Japan finishing the year with gains of more than 30 percent. Wall Street closed slightly lower in the last trading session of 2017, with the Dow Jones industrial average declining 0.48 percent, or 118.29 points, to close at 24,719.22. Still, major U.S. indexes recorded substantial gains for the year. The Dow Jones increased 25.2 percent last year and the benchmark S&P 500 rose 19.5 percent. European markets were a similar story, with most indexes closing lower on Friday, but notching the largest annual gains since 2013 on average. In currencies, the greenback was on the back foot against a basket of six currencies, with the dollar index trading at 92.188 at 10:10 a.m. HK/SIN. The index had notched its largest annual fall since 2003 on Friday. Against the yen, the dollar traded at 112.71. Meanwhile, the Australian dollar extended gains made before the new year, with the currency last trading at $0.7821. The Aussie dollar has been supported by the weaker greenback as well as strong commodity prices. On the energy front, oil prices added to gains after the prior session saw U.S. crude close above the $60 barrier for the first time since the middle of 2015. Brent crude futures edged up 0.42 percent to trade at $67.15 per barrel. U.S. West Texas Intermediate rose 0.28 percent to hold above the $60 mark at $60.59. In other economic news, Singapore's economy grew 3.1 percent in the fourth quarter compared to the previous year and 2.8 percent compared to the last quarter, advance estimates from the government showed. Quarterly growth came in a touch below the 2.9 percent median estimate in a Reuters survey. More»
Amwal Al Ghad English - 2017-12-30 06:45:39
U.S. stock index futures were mixed to higher ahead of Friday's open, as investors get ready for the start of a new trading year. Trading has been lighter than usual this week as investors get ready for the new year. Consequently, key trends and potential market-moving events will be of key importance to market-watchers from now on, as the final day of trading looms. In the penultimate session of the year Thursday, U.S. stocks finished slightly higher, with the Dow Jones industrial average securing another record close. Meantime in markets overseas, Asia posted mild gains on Friday while European markets fluctuated in early trade. Switching focus back to the States, with little data or earnings on the trading day's horizon, investors are likely to be paying close attention to the moves in markets such as commodities and bitcoin, as each market continues to show wild swings. Looking to energy, oil prices rose on Friday, with U.S. crude trading above $60, hitting highs seen last in mid-2015, as a decline in U.S. production and commercial crude inventories lifted sentiment. In individual stock news, Apple issued a statement to consumers apologizing over the handling of its battery issue, after it admitted to slowing down older iPhones. In the letter, the tech giant said it would be making a number of changes for customers "to recognize their loyalty" and try to regain the trust of anybody who could have doubted Apple's intentions. Meantime, President Donald Trump tweeted on Thursday that he was "very disappointed", after a report indicated that China could have run afoul of international sanctions, by providing oil to North Korea. China has denied the accusations. No speeches by the U.S. Federal Reserve are set to take place Friday. More»