US stocks end week solidly higher

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Dollar weakening continued after weak manufacturing and services PMI readings
US stock market pulled back on Friday on weak data. The [URL deleted] S&P 500 slid 0.1% to 2950.46, rallying 2.2% for the week.Dow Jones industrial slipped 0.1% to 26719.13. The Nasdaq lost 0.2% to 8031.71. The dollar weakening continued at previous session pace as data showed manufacturing and services sectors activities slowed in May, while existing home sales rose. The [URL deleted] live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.5% to 96.16 and is lower currently. Futures on US stock indices point to mixed openings today.

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FTSE 100 loss leader among European indexes
European stocks ended lower on Friday despite better than expected German and French purchasing manager surveys results. Both the GBP/USD and EUR/USD continued their advance with euro higher currently while Pound reversing lower. The Stoxx Europe 600 Index lost 0.4% Friday led by healthcare shares. The DAX 30 slipped 0.1% to 12339.92. France’s CAC 40 slid 0.1% and UK’s [URL deleted] FTSE 100 lost 0.3% to 7345.78.

Nikkei lags behind Asian indexes
Asian stock indices
are rising today after report China’s President Xi Jinping will attend the G-20 summit in Japan this week. Nikkei added 0.1% to 21285.99 with yen slide against the dollar intact. China’s markets are gaining: theShanghai Composite Index is up 0.2% and Hong Kong’s Hang Seng Index is 0.2% higher. Australia’s All Ordinaries Index turned 0.2% higher despite the Australian dollar’s accelerating climb against the greenback.


[URL deleted] Brent steady
Brent futures prices are steady today. Prices ended higher on Friday despite Baker Hughes report the number of active U.S. drilling rigs edged up by 1 to 789, following two consecutive weeks of declines: Brent for August settlement rose 1.2% to close at $65.20 a barrel Friday, gaining 5.1% for the week.
 
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