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Investing.com - Oil prices were mixed on Monday after OPEC announced on Friday a supply cut of 1.2 million barrels per day (bpd) from January.

Crude Oil WTI Futures for January delivery dropped 0.11% to $52.11 per barrel at 12:37 AM ET (05:37 GMT) on the New York Mercantile Exchange, while London’s Intercontinental Exchange showed that Brent Oil Futures for February delivery gained 0.6% to $62.02 a barrel.

OPEC announced Friday that it will reduce overall production among its members by 1.2 million barrels per day (bpd) during the first six months of 2019 in an effort to stave off a global glut in supplies and prop up prices.

The producer club will curb output by 0.8 million bpd from October levels, while non-OPEC allies contribute an additional 0.4 million bpd of cuts, in a move to be reviewed at a meeting in April.

Oil futures jumped sharply on Friday in reaction to the new production cut agreement.

"Our key conclusion is that oil prices will be well supported around the $70 per barrel level for 2019," analysts at Bernstein Energy said on Monday.
However, not all analysts expect the cuts to be sufficient to end oversupply.
Edward Bell, commodity analyst at Emirates NBD bank, said in a note on Sunday that "the scale of the cuts...isn't enough to push the market back into deficit" and that he expected "a market surplus of around 1.2 million bpd in Q1 with the new production levels."

Meanwhile, the Energy Information Administration (EIA) reported last week that domestic crude supplies fell by 7.3 million barrels, the first decline in domestic crude supplies in 11 weeks.

In other news, Japan, the world's third biggest economy and No.4 oil consumer, reported its gross domestic product shrank more than expected in the third quarter.

The GDP was down at an annualised rate of 2.5%, compared with an initial estimate of a 1.2% contraction and against economists' median forecast for a 1.9% decline, revised data from the Cabinet Office showed.

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Biomed, Technology and Communication sectors led shares lower.

At the close in Tel Aviv, the TA 35 lost 0.30% to hit a new 1-month low.

The best performers of the session on the TA 35 were Isramco Negev 2 LP (TA:ISRAp), which rose 2.41% or 1.0 points to trade at 42.5 at the close. Meanwhile, Melisron (TA:MLSR) added 1.25% or 200 points to end at 16250 and ICL Israel Chemicals Ltd (TA:ICL) was up 1.18% or 25 points to 2140 in late trade.

The worst performers of the session were Perrigo (TA:PRGO), which fell 5.23% or 1240 points to trade at 22450 at the close. Nice Ltd (TA:NICE) declined 1.96% or 840 points to end at 41940 and Teva Pharmaceutical Industries Ltd (TA:TEVA) was down 1.75% or 130 points to 7300.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 193 to 170 and 38 ended unchanged.

Shares in Perrigo (TA:PRGO) fell to 5-year lows; losing 5.23% or 1240 to 22450.

Crude oil for January delivery was up 1.26% or 0.65 to $52.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.08% or 1.25 to hit $61.31 a barrel, while the February Gold Futures contract rose 0.84% or 10.45 to trade at $1254.05 a troy ounce.

USD/ILS was down 0.12% to 3.7330, while EUR/ILS rose 0.06% to 4.2475.

The US Dollar Index Futures was down 0.12% at 96.650.

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Petrochemicals, Telecoms&IT and Media&Publishing sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share declined 0.12%.

The best performers of the session on the Tadawul All Share were Saudi Enaya Cooperative Insurance (SE:8311), which rose 9.89% or 2.80 points to trade at 31.10 at the close. Meanwhile, Amana Cooperative Insurance Co (SE:8310) added 8.70% or 1.80 points to end at 22.50 and Allianz Saudi Fransi Cooperative Insurance Company (SE:8040) was up 5.17% or 1.35 points to 27.45 in late trade.

The worst performers of the session were Al Alamiya Cooperative Insurance (SE:8280), which fell 3.02% or 1.00 points to trade at 32.15 at the close. Mobile Telecommunications Company (SE:7030) declined 2.70% or 0.19 points to end at 6.85 and Saudi Cable Company (SE:2110) was down 2.55% or 0.95 points to 36.25.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 90 to 79 and 15 ended unchanged.

Crude oil for January delivery was up 1.26% or 0.65 to $52.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 2.08% or 1.25 to hit $61.31 a barrel, while the February Gold Futures contract rose 0.84% or 10.45 to trade at $1254.05 a troy ounce.

EUR/SAR was up 0.16% to 4.2748, while USD/SAR rose 0.03% to 3.7517.

The US Dollar Index Futures was down 0.12% at 96.650.

Investing.com - This week precious metals traders will get a fresh update on the health of the U.S. economy from data on retail sales and consumer prices amid speculation over whether the Federal Reserve may slow the pace of interest rate hikes next year.

Markets have dialed back expectations on the pace of Fed rate hikes in 2019 in the wake of recent market turmoil. Wall Street ended its worst week since March on Friday amid a selloff triggered by concerns over a slowing economy and mounting trade war fears.

Gold prices settled at their highest level since July on Friday and notched up the largest weekly gain since August as the market turmoil bolstered safe haven demand for the precious metal.

Gold futures were up 0.84% at $1,254.05 on the Comex division of the New York Mercantile Exchange late Friday, to end the week with a gain of 2.17%.

Data on Friday showed that the U.S. economy created fewer-than-forecast new jobs in November, while October’s figure was revised lower.

Wage growth rose in line with forecasts, keeping the Fed on track to hike interest rates this month. But the report indicated that the labor market may not be as strong as hoped, easing pressure on the Fed to keep hiking rates in 2019.

Fed Chairman Jerome Powell said last week that U.S. interest rates were nearing neutral levels, which markets interpreted as signaling a slowdown in rate rises.

The dollar ended lower against a currency basket on Friday, with the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slipping 0.12% to 96.65 for a weekly loss of 0.3%.

A weaker dollar can boost commodities priced in the greenback as it makes it cheaper to users of other currencies. Lower bond yields can also be a positive for commodities, which don’t offer a yield.

"Soft employment report reinforces the narrative that we have perhaps seen the highs in employment ... so I think a December hike is done but anything in 2019 is up in the air," said Tai Wong, head of metals trading at BMO.

“Interest rate futures IRPR suggested traders see not more than one rate increase from the Fed next year, compared with previous expectations for possibly two rate hikes. Increased volatility and geopolitical risk, macro asset allocation is becoming more gold-positive again while we believe much of the dollar's upward move is now behind us with rate hike expectations dropping," analysts at BMO Capital Markets said in a note.

Gold, which is considered a safe investment during times of financial, economic and geopolitical uncertainty, has recovered about 7% from 19-month lows hit in mid-August.

"At this point it looks like the price of gold has a strong foundation at these levels and should remain in a bullish mode the rest of the year," Walter Pehowich, executive vice president of investment services at Dillon Gage Metals, wrote in a note.

Elsewhere in metals trading, silver was up 1.35% to $14.705 a troy ounce, to end the week 3.37% higher, while copper ended at $2.748, up 0.18% for the day, paring the week’s losses to 1%.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, December 10

The UK is to publish its monthly GDP report, along with data on manufacturing and industrial production.

Tuesday, December 11

The UK is to publish its latest employment report.

The ZEW Institute is to report on German economic sentiment.

The U.S. is to produce figures on producer price inflation.

The British parliament is to vote on Prime Minister Theresa May’s Brexit plan that she negotiated with Brussels.

Wednesday, December 12

The euro zone is to release data on industrial production.

The U.S. is to publish consumer price inflation figures.

Thursday, December 13

The Swiss National Bank is to announce its Libor rate and publish its monetary policy assessment.

The European Central Bank is to hold its final policy meeting of 2018, which will be followed by a press conference with President Mario Draghi.

The U.S. is to publish the weekly report on initial jobless claims.

Friday, December 14

China is to release data on industrial production and fixed asset investment.

The euro zone is to release data on private sector business activity.

The U.S. is to round up the week with data on retail sales.

-- Reuters contributed to this report

Investing.com - This week investors will look to data on consumer prices and retail sales for the latest update on the health of the U.S. economy.

Markets have dialed back expectations on the pace of Federal Reserve rate hikes in 2019 in the wake of recent market turmoil. Wall Street ended its worst week since March on Friday amid a selloff triggered by concerns over a slowing economy and mounting trade war fears.

Fed Chairman Jerome Powell said last week that U.S. interest rates were nearing neutral levels, which markets interpreted as signaling a slowdown in rate rises.

Data on Friday showed that the U.S. economy created fewer-than-forecast new jobs in November, while October’s figure was revised lower.

Wage growth rose in line with forecasts, keeping the Fed on track to hike interest rates this month. But the report indicated that the labor market may not be as strong as hoped, easing pressure on the Fed to keep hiking rates in 2019.

Investors will also be looking ahead to the Brexit vote and the final monetary policy meeting of the year by the European Central Bank.

On Tuesday the British parliament is to vote on Prime Minister Theresa May’s Brexit plan and if the deal fails to pass, as widely expected, multiple possibilities will be thrown open, including the chance of a second referendum.

Market watchers will also be watching UK GDP data and the jobs report, due out on Monday and Tuesday, respectively.

On Thursday the ECB is widely expected to wind up its three-year long, 2.6 trillion-euro monetary stimulus scheme. It is also expected to leave interest rates unchanged and deliver updated economic forecasts.

The dollar ended lower against a currency basket on Friday after the disappointing U.S. jobs report, with the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slipping 0.12% to 96.65.

The euro was little changed against the dollar late Friday, with EUR/USD last at 1.1378.

The yen was also steady against the U.S. currency, with USD/JPY changing hands at 112.68.

The pound was weaker against the greenback and the euro, with GBP/USD down 0.25% to 1.2751 and EUR/GBP rising 0.48% to 0.8943 amid growing opposition to the prime minister’s Brexit plan.

Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets.

Monday, December 10

The UK is to publish its monthly GDP report, along with data on manufacturing and industrial production.

Tuesday, December 11

The UK is to publish its latest employment report.

The ZEW Institute is to report on German economic sentiment.

The U.S. is to produce figures on producer price inflation.

The British parliament is to vote on Prime Minister Theresa May’s Brexit plan that she negotiated with Brussels.

Wednesday, December 12

The euro zone is to release data on industrial production.

The U.S. is to publish consumer price inflation figures.

Thursday, December 13

The Swiss National Bank is to announce its Libor rate and publish its monetary policy assessment.

The European Central Bank is to hold its final policy meeting of 2018, which will be followed by a press conference with President Mario Draghi.

The U.S. is to publish the weekly report on initial jobless claims.

Friday, December 14

China is to release data on industrial production and fixed asset investment.

The euro zone is to release data on private sector business activity.

The U.S. is to round up the week with data on retail sales.

-- Reuters contributed to this report

Investing.com - EOS was trading at $1.9187 by 19:50 (00:50 GMT) on the Investing.com Index on Saturday, up 10.81% on the day. It was the largest one-day percentage gain since August 17.

The move upwards pushed EOS's market cap up to $1.6678B, or 1.51% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $1.7413 to $1.9190 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 35.91%. The volume of EOS traded in the twenty-four hours to time of writing was $964.6940M or 5.08% of the total volume of all cryptocurrencies. It has traded in a range of $1.5468 to $3.0240 in the past 7 days.

At its current price, EOS is still down 91.65% from its all-time high of $22.98 set on April 29.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,475.1 on the Investing.com Index, up 2.41% on the day.

XRP was trading at $0.31017 on the Investing.com Index, a gain of 3.78%.

Bitcoin's market cap was last at $60.0765B or 54.28% of the total cryptocurrency market cap, while XRP's market cap totaled $12.5395B or 11.33% of the total cryptocurrency market value.

Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Healthcare, Telecoms Services and Financial Services sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC fell 0.34%.

The best performers of the session on the S&P/BMV IPC were Grupo LALA SA de CV (MX:LALAB), which rose 3.17% or 0.59 points to trade at 19.19 at the close. Meanwhile, Industrias Penoles Sab De CV (MX:PENOLES) added 2.89% or 6.97 points to end at 247.75 and Grupo Financiero Inbursa , SAB De CV (MX:GFINBURO) was up 2.80% or 0.760 points to 27.910 in late trade.

The worst performers of the session were BanRegio Grupo Financiero SAB de CV (MX:RA), which fell 5.55% or 5.23 points to trade at 89.00 at the close. Genomma Lab Internacional SAB De CV (MX:LABB) declined 4.57% or 0.580 points to end at 12.110 and PINFRA SAB De CV (MX:PINFRA) was down 2.75% or 5.12 points to 180.78.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 170 to 94 and 13 ended unchanged.

Gold Futures for February delivery was up 0.82% or 10.15 to $1253.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.50% or 0.77 to hit $52.26 a barrel, while the February Brent oil contract rose 2.20% or 1.32 to trade at $61.38 a barrel.

USD/MXN was down 0.40% to 20.2713, while EUR/MXN fell 0.09% to 23.1323.

The US Dollar Index Futures was down 0.20% at 96.572.

Investing.com – Canada stocks were lower after the close on Friday, as losses in the Consumer Discretionary, IT and Industrials sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.86% to hit a new 1-month low.

The best performers of the session on the S&P/TSX Composite were Eldorado Gold Corp (TO:ELD), which rose 9.21% or 0.07 points to trade at 0.83 at the close. Meanwhile, New Gold Inc (TO:NGD) added 8.57% or 0.090 points to end at 1.140 and Aurora Cannabis Inc (TO:ACB) was up 7.95% or 0.56 points to 7.60 in late trade.

The worst performers of the session were Shopify Inc (TO:SHOP), which fell 6.93% or 14.520 points to trade at 195.130 at the close. Canada Goose Holdings Inc (TO:GOOS) declined 6.91% or 5.77 points to end at 77.77 and Dorel Industries Inc (TO:DIIb) was down 6.70% or 1.26 points to 17.54.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 605 to 507 and 120 ended unchanged.

Shares in Dorel Industries Inc (TO:DIIb) fell to 5-year lows; losing 6.70% or 1.26 to 17.54.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 7.42% to 18.24.

Gold Futures for February delivery was up 0.82% or 10.15 to $1253.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.63% or 0.84 to hit $52.33 a barrel, while the February Brent oil contract rose 2.28% or 1.37 to trade at $61.43 a barrel.

CAD/USD was up 0.51% to 0.7511, while CAD/EUR rose 0.26% to 0.6584.

The US Dollar Index Futures was down 0.18% at 96.585.

Investing.com - The Federal Reserve had been looking a little dovish and the latest U.S. jobs numbers raised more doubts about rate hikes in 2019, taking gold to its highest prices since the summer.

Benchmark COMEX gold futures for February settled up $9, or 0.7%, at 1,252.60 per troy ounce after scaling a peak of $1,255.80, its highest since early July. For the week, the contract rose 2.2%, its best weekly advance since mid-August.

The yellow metal got its boost after a U.S. Labor Department report showed nonfarm payrolls increased by a less-than-expected 155,000 last month. The data was tepid enough to lower bets for faster future interest rate hikes without fanning fears of an economic slowdown.

The continuous slide on Wall Street, which fell more than 2% on Friday on renewed concerns over the China-U.S. trade situation added more safe-haven shine to gold, analysts said.

The dollar index, another contrarian trade to bullion, was down 0.2% to 96.54 by 3:32 PM ET (20:32 GMT).

The dollar has lost its upward momentum since the start of November on dovish signals from the Fed, which has indicated a possible pause in rate hikes after a widely-expected December increase.

"The directional bias on the dollar has turned south as the initial speculation of three rate hikes in 2019 no longer holds," said Fawad Razaqzada, analyst for forex.com in London.

"Investors are clearly worried about the possibility of an economic slowdown and, as such, have warmed to haven assets, including gold," Razaqzada said. "Historically, low interest rates across developed economies had pushed investors into higher-yielding stock markets and away from government bonds. Now the reverse is happening, as central banks have started to normalize their monetary policies."

Among other precious metals on COMEX, silver rose 1.5% to $14.72 per ounce.

Palladium jumped 2.5% to $1,170.50 per ounce, while sister metal platinum rose 0.6% to $794.60.

In base metals, COMEX copper gained by 0.3% to $2.75 per pound.

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Basic Materials, Consumption and Industrials sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 0.82%.

The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET3), which rose 2.26% or 0.56 points to trade at 25.29 at the close. Meanwhile, Cosan SA Industria e Comercio (SA:CSAN3) added 1.81% or 0.61 points to end at 34.29 and BR Malls Participacoes SA (SA:BRML3) was up 1.79% or 0.23 points to 13.06 in late trade.

The worst performers of the session were Cia Siderurgica Nacional SA (SA:CSNA3), which fell 3.34% or 0.30 points to trade at 8.69 at the close. Fleury SA (SA:FLRY3) declined 3.28% or 0.72 points to end at 21.20 and B2W Cia Digital (SA:BTOW3) was down 3.26% or 1.28 points to 37.98.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 230 to 170 and 34 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.05% to 34.87.

Gold Futures for February delivery was up 0.92% or 11.40 to $1255.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.14% or 1.10 to hit $52.59 a barrel, while the March US coffee C contract fell 1.79% or 1.90 to trade at $104.05 .

USD/BRL was up 0.74% to 3.9077, while EUR/BRL rose 1.03% to 4.4594.

The US Dollar Index Futures was down 0.22% at 96.547.

Investing.com – Colombia stocks were lower after the close on Friday, as losses in the Financials, Services and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP fell 0.33%.

The best performers of the session on the COLCAP were Grupo Aval Acciones y Valores SA Pref (CN:GAA_p), which rose 1.46% or 15.0 points to trade at 1040.0 at the close. Meanwhile, Interconnection Electric SA ESP (CN:ISA) added 1.18% or 160.0 points to end at 13740.0 and Conconcret (CN:CIC) was up 0.96% or 3.0 points to 315.0 in late trade.

The worst performers of the session were Etb (CN:ETB), which fell 5.32% or 15.0 points to trade at 267.0 at the close. Bcolombia (CN:BIC) declined 1.70% or 560.0 points to end at 32400.0 and Bancolombia Pf (CN:BIC_p1) was down 1.58% or 520.0 points to 32460.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 14 to 8 and 6 ended unchanged.

US coffee C for March delivery was down 1.79% or 1.90 to $104.05 . Elsewhere in commodities trading, US cocoa for delivery in March rose 4.37% or 93.00 to hit $2221.00 , while the February Gold Futures contract rose 0.96% or 12.00 to trade at $1255.60 a troy ounce.

USD/COP was down 1.21% to 3147.40, while BRL/COP fell 2.01% to 805.46.

The US Dollar Index Futures was down 0.24% at 96.532.

Investing.com - Boeing (NYSE:BA) fell by 3.03% to trade at $321.84 by 15:03 (20:03 GMT) on Friday on the NYSE exchange.

The volume of Boeing shares traded since the start of the session was 3.12M. Boeing has traded in a range of $321.60 to $337.61 on the day.

The stock has traded at $369.0000 at its highest and $317.3300 at its lowest during the past seven days.

Investing.com - Alphabet A (NASDAQ:GOOGL) fell by 3.22% to trade at $1,043.34 by 14:55 (19:55 GMT) on Friday on the NASDAQ exchange.

The volume of Alphabet A shares traded since the start of the session was 1.35M. Alphabet A has traded in a range of $1,043.34 to $1,085.03 on the day.

The stock has traded at $1,135.0000 at its highest and $1,042.5400 at its lowest during the past seven days.

Investing.com - Visa (NYSE:V) fell by 3.07% to trade at $136.72 by 14:53 (19:53 GMT) on Friday on the NYSE exchange.

The volume of Visa shares traded since the start of the session was 6.12M. Visa has traded in a range of $136.52 to $142.13 on the day.

The stock has traded at $145.7200 at its highest and $133.6200 at its lowest during the past seven days.

Investing.com - Ethereum rose above the $91.38 threshold on Friday. Ethereum was trading at 91.38 by 14:14 (19:14 GMT) on the Investing.com Index, up 5.56% on the day. It was the largest one-day percentage gain since December 6.

The move upwards pushed Ethereum's market cap up to $8.89B, or 8.53% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $77.65 to $92.07 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 24.49%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.25B or 12.95% of the total volume of all cryptocurrencies. It has traded in a range of $77.6500 to $127.0822 in the past 7 days.

At its current price, Ethereum is still down 93.58% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,463.1 on the Investing.com Index, down 5.73% on the day.

XRP was trading at $0.30263 on the Investing.com Index, a loss of 7.47%.

Bitcoin's market cap was last at $57.40B or 55.12% of the total cryptocurrency market cap, while XRP's market cap totaled $11.99B or 11.51% of the total cryptocurrency market value.

Investing.com - Abbott Labs (NYSE:ABT) fell by 3.02% to trade at $69.38 by 14:11 (19:11 GMT) on Friday on the NYSE exchange.

The volume of Abbott Labs shares traded since the start of the session was 3.45M. Abbott Labs has traded in a range of $69.32 to $71.83 on the day.

The stock has traded at $74.9200 at its highest and $69.3200 at its lowest during the past seven days.

Investing.com - Cisco (NASDAQ:CSCO) fell by 3.04% to trade at $46.92 by 14:01 (19:01 GMT) on Friday on the NASDAQ exchange.

The volume of Cisco shares traded since the start of the session was 15.74M. Cisco has traded in a range of $46.86 to $48.49 on the day.

The stock has traded at $49.1400 at its highest and $46.1200 at its lowest during the past seven days.

Investing.com - Microsoft (NASDAQ:MSFT) fell by 3.05% to trade at $105.86 by 13:53 (18:53 GMT) on Friday on the NASDAQ exchange.

The volume of Microsoft shares traded since the start of the session was 22.00M. Microsoft has traded in a range of $105.81 to $109.44 on the day.

The stock has traded at $113.4200 at its highest and $105.0300 at its lowest during the past seven days.

Investing.com - Apple led tech lower Friday after Morgan Stanley jumped on the bandwagon of Apple price cuts on fears over a slowing smartphone market in China.

Morgan Stanley cut its price target on Apple (NASDAQ:AAPL) to $236 from $253, citing supply-chain conversations in Asia that revealed a weaker backdrop for smartphone demand. That was the third Apple price cut this week following cuts by both Rosenblatt and HSBC, sending Apple's share price more than 2% lower.

Rising average selling prices and better smartphone quality are leading people to keep their current devices for longer, lengthening replacement cycles, which hurt smartphone makers like Apple, Morgan Stanley said.

The Wall Street bank did, however, provide a semblance of optimism as it said wearables and services revenues could help limit the damage somewhat from the weaker iPhone demand.

In a further sign that Apple's newest batch of iPhones are not selling as well as many had hoped, Broadcom's CEO Hock Tan said strong performance in the company's wireless divisions was driven by demand for older smartphones from a North American customer.

While Tan didn’t mention Apple by name, the iPhone maker is Broadcom’s largest North American partner, suggesting Apple has seen strong sales of older iPhone models, according to Bloomberg.

Chipmaker Broadcom (NASDAQ:AVGO) reported above-forecast fiscal fourth-quarter earnings, but it struggled to hold gains amid a marketwide rout. Its share rose 0.95% to $229.40, down from a session high of $238.28.

Investing.com – Portugal stocks were higher after the close on Friday, as gains in the Basic Materials, Financials and Consumer Services sectors led shares higher.

At the close in Lisbon, the PSI 20 rose 0.40%.

The best performers of the session on the PSI 20 were Sonae Capital (LS:SONAC), which rose 3.04% or 0.0250 points to trade at 0.8480 at the close. Meanwhile, EDP (LS:EDP) added 2.42% or 0.0730 points to end at 3.0930 and J. Martins SGPS (LS:JMT) was up 2.29% or 0.2350 points to 10.4950 in late trade.

The worst performers of the session were The Navigator Company SA (LS:NVGR), which fell 2.38% or 0.0880 points to trade at 3.6120 at the close. Banco Comercial Portugues (LS:BCP) declined 1.44% or 0.0035 points to end at 0.2390 and Nos SGPS SA (LS:NOS) was down 1.21% or 0.0650 points to 5.3050.

Rising stocks outnumbered declining ones on the Lisbon Stock Exchange by 15 to 14 and 6 ended unchanged.

Brent oil for February delivery was up 4.70% or 2.82 to $62.88 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.23% or 2.18 to hit $53.67 a barrel, while the February Gold Futures contract rose 0.61% or 7.60 to trade at $1251.20 a troy ounce.

EUR/USD was up 0.09% to 1.1388, while EUR/GBP rose 0.54% to 0.8948.

The US Dollar Index Futures was down 0.06% at 96.705.

Investing.com - Mastercard (NYSE:MA) fell by 3.07% to trade at $196.75 by 12:41 (17:41 GMT) on Friday on the NYSE exchange.

The volume of Mastercard shares traded since the start of the session was 2.00M. Mastercard has traded in a range of $196.59 to $206.52 on the day.

The stock has traded at $209.9100 at its highest and $193.2700 at its lowest during the past seven days.

Investing.com – Denmark stocks were higher after the close on Friday, as gains in the Chemicals, Financials and Oil&Gas sectors led shares higher.

At the close in Copenhagen, the OMX Copenhagen 20 rose 1.42%.

The best performers of the session on the OMX Copenhagen 20 were Danske Bank A/S (CO:DANSKE), which rose 4.21% or 5.8 points to trade at 142.2 at the close. Meanwhile, William Demant Holding AS (CO:WDH) added 3.62% or 7.1 points to end at 203.2 and ISS A/S (CO:ISS) was up 2.18% or 4.20 points to 196.95 in late trade.

The worst performers of the session were Genmab (CO:GEN), which fell 0.77% or 7.7 points to trade at 997.8 at the close. Ambu A/S (CO:AMBUb) unchanged 0.00% or 0.0 points to end at 134.3 and Tryg A/S (CO:TRYG) was up 0.25% or 0.4 points to 161.9.

Rising stocks outnumbered declining ones on the Copenhagen Stock Exchange by 82 to 30 and 26 ended unchanged.

Crude oil for January delivery was up 4.21% or 2.17 to $53.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 4.60% or 2.76 to hit $62.82 a barrel, while the February Gold Futures contract rose 0.61% or 7.55 to trade at $1251.15 a troy ounce.

USD/DKK was down 0.09% to 6.5561, while EUR/DKK rose 0.02% to 7.4648.

The US Dollar Index Futures was down 0.04% at 96.727.

Investing.com – France stocks were higher after the close on Friday, as gains in the Gas&Water, General Financial and Foods&Drugs sectors led shares higher.

At the close in Paris, the CAC 40 gained 0.68%, while the SBF 120 index added 0.73%.

The best performers of the session on the CAC 40 were Bouygues SA (PA:BOUY), which rose 3.84% or 1.22 points to trade at 32.99 at the close. Meanwhile, Vinci SA (PA:SGEF) added 2.40% or 1.70 points to end at 72.68 and Accor SA (PA:ACCP) was up 1.78% or 0.66 points to 37.64 in late trade.

The worst performers of the session were AXA SA (PA:AXAF), which fell 1.26% or 0.25 points to trade at 19.72 at the close. STMicroelectronics NV (PA:STM) declined 1.20% or 0.145 points to end at 11.965 and Peugeot SA (PA:PEUP) was down 1.08% or 0.20 points to 17.91.

The top performers on the SBF 120 were ALD SA (PA:ALDA) which rose 4.68% to 11.19, Iliad (PA:ILD) which was up 4.03% to settle at 124.05 and Bouygues SA (PA:BOUY) which gained 3.84% to close at 32.99.

The worst performers were Maisons du Monde SAS (PA:MDM) which was down 4.03% to 17.610 in late trade, Dassault Aviation SA (PA:AVMD) which lost 3.36% to settle at 1266.00 and Elior Group (PA:ELIOR) which was down 3.23% to 11.98 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 315 to 275 and 88 ended unchanged.

Shares in AXA SA (PA:AXAF) fell to 52-week lows; down 1.26% or 0.25 to 19.72. Shares in STMicroelectronics NV (PA:STM) fell to 52-week lows; down 1.20% or 0.145 to 11.965. Shares in Maisons du Monde SAS (PA:MDM) fell to all time lows; losing 4.03% or 0.740 to 17.610. Shares in Dassault Aviation SA (PA:AVMD) fell to 52-week lows; losing 3.36% or 44.00 to 1266.00.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 13.32% to 20.98.

Gold Futures for February delivery was up 0.60% or 7.40 to $1251.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.25% or 2.19 to hit $53.68 a barrel, while the February Brent oil contract rose 4.61% or 2.77 to trade at $62.83 a barrel.

EUR/USD was up 0.06% to 1.1385, while EUR/GBP rose 0.62% to 0.8955.

The US Dollar Index Futures was down 0.03% at 96.735.

Investing.com – Italy stocks were higher after the close on Friday, as gains in the Oil&Gas, Healthcare and Travel&Leisure sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 rose 0.58%.

The best performers of the session on the Investing.com Italy 40 were Saipem SpA (MI:SPMI), which rose 5.60% or 0.2060 points to trade at 3.8850 at the close. Meanwhile, Unipol Gruppo Finanziario Spa (MI:UNPI) added 4.02% or 0.140 points to end at 3.620 and Davide Campari Milano SpA (MI:CPRI) was up 3.48% or 0.26 points to 7.73 in late trade.

The worst performers of the session were Bper Banca SpA (MI:EMII), which fell 1.59% or 0.058 points to trade at 3.592 at the close. Buzzi Unicem (MI:BZU) declined 1.48% or 0.23 points to end at 15.62 and Unione di Banche Italiane SpA (MI:UBI) was down 1.23% or 0.0330 points to 2.6560.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 217 to 140 and 26 ended unchanged.

Shares in Buzzi Unicem (MI:BZU) fell to 52-week lows; falling 1.48% or 0.23 to 15.62.

Crude oil for January delivery was up 4.21% or 2.17 to $53.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 4.61% or 2.77 to hit $62.83 a barrel, while the February Gold Futures contract rose 0.59% or 7.30 to trade at $1250.90 a troy ounce.

EUR/USD was up 0.06% to 1.1385, while EUR/GBP rose 0.60% to 0.8953.

The US Dollar Index Futures was down 0.04% at 96.730.

Investing.com – Belgium stocks were higher after the close on Friday, as gains in the Banking, Industrials and Financials sectors led shares higher.

At the close in Brussels, the BEL 20 rose 0.60%.

The best performers of the session on the BEL 20 were bpost NV (BR:BPOST), which rose 7.04% or 0.52 points to trade at 7.83 at the close. Meanwhile, Galapagos NV (AS:GLPG) added 2.75% or 2.400 points to end at 89.820 and UCB (BR:UCB) was up 1.86% or 1.38 points to 75.40 in late trade.

The worst performers of the session were Argen-X (BR:ARGX), which fell 0.67% or 0.60 points to trade at 89.60 at the close. Proximus NV (BR:PROX) declined 0.43% or 0.10 points to end at 23.27 and Umicore SA (BR:UMI) was down 0.42% or 0.15 points to 35.39.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 70 to 41 and 12 ended unchanged.

Shares in Umicore SA (BR:UMI) fell to 52-week lows; down 0.42% or 0.15 to 35.39.

Gold Futures for February delivery was up 0.57% or 7.15 to $1250.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.14% or 2.13 to hit $53.62 a barrel, while the February Brent oil contract rose 4.48% or 2.69 to trade at $62.75 a barrel.

EUR/USD was up 0.10% to 1.1389, while EUR/GBP rose 0.55% to 0.8949.

The US Dollar Index Futures was down 0.07% at 96.695.

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Consumer&Cyclical, Food&Beverages and Construction sectors led shares higher while losses in the Pharmaceuticals&Healthcare, Transportation&Logistics and Media sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.21% to hit a new 52-week low, while the MDAX index gained 0.39%, and the TecDAX index climbed 0.45%.

The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 2.78% or 3.600 points to trade at 133.100 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 1.90% or 1.760 points to end at 94.240 and Bayer AG NA (DE:BAYGN) was up 1.70% or 1.06 points to 63.43 in late trade.

The worst performers of the session were Fresenius SE&Co KGAA O.N. (DE:FREG), which fell 17.10% or 8.075 points to trade at 39.145 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 8.36% or 5.680 points to end at 62.280 and Deutsche Lufthansa AG (DE:LHAG) was down 1.80% or 0.350 points to 19.140.

The top performers on the MDAX were Morphosys AG O.N. (DE:MORG) which rose 2.99% to 98.2500, Uniper SE (DE:UN01) which was up 2.40% to settle at 23.080 and Symrise AG Inh. O.N. (DE:SY1G) which gained 2.03% to close at 71.320.

The worst performers were MTU Aero Engines NA O.N. (DE:MTXGn) which was down 5.28% to 168.60 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 4.33% to settle at 72.84 and Evotec AG O.N. (DE:EVTG) which was down 2.94% to 17.850 at the close.

The top performers on the TecDAX were Deutsche Beteiligungs AG O.N. (DE:DBANn) which rose 6.86% to 33.500, Dr. Hoenle AG O.N. (DE:HNLG) which was up 4.21% to settle at 54.400 and Steinhoff International Holdings NV (DE:SNHG) which unchanged 2.49% to close at 0.10.

The worst performers were Leoni AG (DE:LEOGn) which was down 4.98% to 25.590 in late trade, Xing AG (DE:OBCGn) which lost 4.97% to settle at 239.00 and Shop Apotheke Europe NV (DE:SAEG) which was down 4.33% to 37.600 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 403 to 307 and 67 ended unchanged.

Shares in Fresenius SE&Co KGAA O.N. (DE:FREG) fell to 3-years lows; losing 17.10% or 8.075 to 39.145. Shares in Fresenius Medical Care KGAA ST (DE:FMEG) fell to 3-years lows; losing 8.36% or 5.680 to 62.280. Shares in Wacker Chemie O.N. (DE:WCHG) fell to 52-week lows; down 4.33% or 3.30 to 72.84. Shares in Leoni AG (DE:LEOGn) fell to 52-week lows; falling 4.98% or 1.340 to 25.590.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.86% to 22.38.

Gold Futures for February delivery was up 0.52% or 6.50 to $1250.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.08% or 2.10 to hit $53.59 a barrel, while the February Brent oil contract rose 4.33% or 2.60 to trade at $62.66 a barrel.

EUR/USD was up 0.05% to 1.1384, while EUR/GBP rose 0.48% to 0.8943.

The US Dollar Index Futures was down 0.04% at 96.722.

Investing.com – Sweden stocks were higher after the close on Friday, as gains in the Oil&Gas, Technology and Telecoms sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 rose 1.21%.

The best performers of the session on the OMX Stockholm 30 were Telefonaktiebolaget LM Ericsson Class B (ST:ERICb), which rose 3.76% or 2.88 points to trade at 79.48 at the close. Meanwhile, Swedbank AB ser A (ST:SWEDa) added 2.64% or 5.3 points to end at 206.3 and Tele2 AB (ST:TEL2b) was up 2.49% or 2.70 points to 111.00 in late trade.

The worst performers of the session were Autoliv Inc . SDB (ST:ALIVsdb), which fell 0.66% or 4.8 points to trade at 722.6 at the close. AB SKF B (ST:SKFb) declined 0.35% or 0.5 points to end at 129.8 and Svenska Cellulosa SCA AB B (ST:SCAb) was down 0.37% or 0.3 points to 69.3.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 421 to 203 and 57 ended unchanged.

Shares in AB SKF B (ST:SKFb) fell to 52-week lows; losing 0.35% or 0.5 to 129.8. Shares in Svenska Cellulosa SCA AB B (ST:SCAb) fell to 52-week lows; losing 0.37% or 0.3 to 69.3.

Crude oil for January delivery was up 4.23% or 2.18 to $53.67 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 4.45% or 2.67 to hit $62.73 a barrel, while the February Gold Futures contract rose 0.59% or 7.30 to trade at $1250.90 a troy ounce.

EUR/SEK was up 0.65% to 10.2889, while USD/SEK rose 0.50% to 9.0337.

The US Dollar Index Futures was down 0.10% at 96.665.

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Holding Companies, Chemicals and Real Estate sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.69%.

The best performers of the session on the Moroccan All Shares were Oulmes (CS:OULM), which rose 5.95% or 81 points to trade at 1443 at the close. Meanwhile, Alliances (CS:ADI) added 5.65% or 4 points to end at 83 and Lydec (CS:LYD) was up 4.00% or 20.00 points to 520.00 in late trade.

The worst performers of the session were Fenie Brossette (CS:FBR), which fell 5.63% or 4.84 points to trade at 81.16 at the close. SMI (CS:SMI) declined 5.63% or 94 points to end at 1575 and Delta Holding S.A (CS:DHO) was down 5.55% or 1.82 points to 30.96.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 26 to 15 and 5 ended unchanged.

Crude oil for January delivery was up 4.29% or 2.21 to $53.70 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 4.53% or 2.72 to hit $62.78 a barrel, while the February Gold Futures contract rose 0.58% or 7.20 to trade at $1250.80 a troy ounce.

EUR/MAD was up 0.03% to 10.8080, while USD/MAD fell 0.06% to 9.4864.

The US Dollar Index Futures was down 0.11% at 96.662.

Investing.com - Intel (NASDAQ:INTC) fell by 3.08% to trade at $46.88 by 11:59 (16:59 GMT) on Friday on the NASDAQ exchange.

The volume of Intel shares traded since the start of the session was 9.52M. Intel has traded in a range of $46.88 to $48.06 on the day.

The stock has traded at $50.4900 at its highest and $46.7000 at its lowest during the past seven days.

Investing.com - Texas Instruments (NASDAQ:TXN) fell by 3.11% to trade at $94.29 by 11:39 (16:39 GMT) on Friday on the NASDAQ exchange.

The volume of Texas Instruments shares traded since the start of the session was 1.93M. Texas Instruments has traded in a range of $94.28 to $97.03 on the day.

The stock has traded at $102.5800 at its highest and $93.6800 at its lowest during the past seven days.