Morning all Thanks weekend crew, good to see some AM life again!...

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    Morning all
    Thanks weekend crew, good to see some AM life again!

    SPI -4
    XJO -6 @ 5533

    U.S. stocks closed slightly lower Friday, with financials lagging, following some renewed concern of geopolitical tension.
    The three major indexes gave up slight opening gains to close lower, with the Nasdaq composite the worst performer, down over a third of a percent. The tech-heavy index and S&P 500 ended slightly lower for the week, while the Dow Jones industrial average posted its first six-week win streak since November 2015.
    Goldman Sachs contributed the most to declines in the Dow in the close, while financials were the most performer in the S&P 500. The benchmark index closed nearly 4 points lower at 2,258.07.

    Oil rose on Friday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output.
    Oil producers including Kuwait, Saudi Arabia, and Abu Dhabi, who are members of the Organization of the Petroleum Exporting Countries (OPEC), have notified customers that they would cut supplies from January as part of an effort by OPEC and other producers led by Russia to balance an oversupplied market.
    Brent crude oil futures were trading at $55.19 per barrel up $1.17, or 2.2 percent, at 2:39 p.m. ET (1939 GMT).

    U.S. West Texas Intermediate (WTI) crude settled up $1, or 2 percent, at $51.90 per barrel.

    Copper - 1.7%
    Nickel -1.3%
    Zinc -3.4%
    Aluminium -1.2%

    Gold rose on Friday, climbing above the prior session's 10-1/2 month low, as the dollar and U.S. stocks dipped at the end of a volatile week highlighted by the Federal Reserve's signal that there could be more rate hikes than previously expected in 2017.
    Spot gold was up 0.5 percent at $1,134.11 an ounce at 2:56 p.m. EDT. The metal hit $1,122.35 on Thursday, its weakest since Feb. 2 and is down more than two percent so far this week, leaving it on track for its sixth consecutive weekly loss.
    Gold prices rose to session highs after U.S. officials told Reuters that a Chinese warship had seized an underwater drone deployed by a U.S. oceanographic vessel in the South China Sea.
    "It gave gold a little bit of a boost but it was a knee jerk spike. It looks like both sides are trying to tweak each other, if you will," said Bill O'Neill, co-founder of LOGIC Advisors.
    "Today's something of a consolidation day across the board."

    Have a good day

    CNBC
 
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