Morning all
Thanks Trees et al
SPI: -11 @ 5474
XJO Friday: +23 @ 5531
Stocks edged lower on Friday morning, retreating from records set a day earlier, after disappointing retail sales data was released.
Retail sales were flat in July, a disappointing read after three months of growth. Analysts had expected sales to climb by 0.4% in July.
S&P: - .1%
Nasdaq: + .1%
Crude oil prices ended the week with hefty gains, climbing 6.4% over the past five days.
An oil rally continued through the afternoon, undeterred by the latest data that showed rising rig activity in the U.S. for the seventh straight week. The number of active U.S. rigs drilling for oil increased by 15 to 396, according to Baker Hughes data.
West Texas Intermediate, the U.S. benchmark, rose 2.67% to $44.67 a barrel on Friday, ending the day at three-week highs. Its weekly gains were its best since the week of April 8.
Iron Ore: $ 60.08 flat
Copper: - 1.9%
Nickel: - 4%
Zinc: - 1.6%
Aluminium: - .1%
Gold: $1336
HUI: - .15%
AUD Gold: #1744
AUD: .7659
Have a good day
Sources:
Reuters
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