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Weakening crude spreads put more strain on U.S. oil&#39;s $40 support A surprisingly abrupt breakdown in U.S. crude oil spreads this week has strengthened some traders' conviction of a decisive move below $40 a barrel, extending the early winter price slump.As traders rushed to dump expiring December West Texas Intermediate (WTI) futures on Friday, rather than take delivery in Cushing, Oklahoma, where storage space is dwindling, the spread versus the second month <CLc1-CLc2> widened to as much as $2.90 a barrel, the most since 2011.The second-third month spread <CLc2-CLc3> has tumbled more than 30 cents to -$1.35 a barrel, its lowest since April."The contango will probably provide the fuel for us to get well and below $40," said John McLane, chief investment officer at Mobius Asset Management in Scottsdale, Arizona. He has sold short prompt WTI prices while buying longer-dated oil."The way these spreads are acting is giving you every indication that lower prices are yet to come," McLane said. "Just ...

TSX rises on mining, financial gains; Valeant surges TORONTO: Canada's main stock index rose on Thursday, led by a surge in Valeant Pharmaceuticals International Inc and helped by gains for gold miners and financial stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 73.86 points, or 0.55 percent, at 13,473.83. Seven of its 10 main sectors gained. Copyright Reuters, 2015 ...
TSX rises, led by gold stocks and Valeant TORONTO: Canada's main stock index edged higher on Thursday, led by gold shares and Valeant Pharmaceuticals International Inc, while energy was a drag following declines in crude oil prices. At 10:26 a.m. EST (1526 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 22.85 points, or 0.17 percent, at 13,422.82. Of the index's 10 main groups seven were in positive territory. The materials group rallied 0.8 percent, helped by a firming gold price. Barrick ...
Brazil steelmakers shares up on report govt could raise import tariffs RIO DE JANEIRO: Shares in Brazilian steelmakers jumped on Wednesday following a report in the Folha de S.Paulo newspaper that the government was studying measures to protect the steel industry by raising import tariffs. Preferred shares in struggling steelmaker Usinas Sider?rgicas de Minas Gerais SA rose 13 percent in early trade, while Gerdau SA and Companhia Siderrgica Nacional SA were up 8 percent and 11.2 percent respectively. Import tariffs on some steel products could rise ...
Brazil real rallies as Congress upholds presidential spending veto SAO PAULO: Brazil's real gained nearly 1 percent on Wednesday, bucking losses in other Latin American currencies after lawmakers upheld a presidential veto of a bill that would have cost the government an additional $9.5 billion in wage payments by 2019.The real strengthened 0.9 percent while concerns over a looming US interest rate hike drove down other key Latin American currencies such as those of Mexico and Chile .Domestic political turbulence has weighed heavily on ...
Apple leads US stocks higher on Goldman boost NEW YORK: Apple shares jumped on a favorable report from Goldman Sachs Wednesday, helping to lift US stocks ahead of the release of Federal Reserve meeting minutes.About 35 minutes into trade, the Dow Jones Industrial Average was at 17,586.70, up 97.20 points (0.56 percent).The broad-based S&P 500 rose 11.25 (0.55 percent) to 2,061.69, while the tech-rich Nasdaq Composite Index advanced 26.92 (0.52 percent) to 5,012.94.Apple shot up 3.0 percent after Goldman Sachs added the consumer ...
US stocks flat as Walmart, Home Depot gain NEW YORK: Wall Street stocks were little changed early Tuesday following better-than-expected earnings from retail giants Wal-Mart and Home Depot and US data showing somewhat higher inflation.About 45 minutes into trade, the Dow Jones Industrial Average was at 17,480.48, down 2.53 points (0.01 percent).The broad-based S&P 500 was essentially flat at 2,053.20, up 0.01 of a point, while the tech-rich Nasdaq Composite Index advanced 1.27 (0.03 percent) to 4,985.89.Wal-Mart Stores rose 2.7 percent as it ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln