News Oil 

U.S. oil prices fall for the session, but gain over 4% for the week

“Oil futures fell on Friday, with U.S. prices pulling back after posting gains in each of the last four sessions, but still tallying a gain of 4.4% for the week” writes Markets Commodities Reporter for marketwatch.com. April West Texas Intermediate oil CLJ9, -0.34% fell 9 cents, or 0.2%, to settle at $58.52 a barrel on the New York Mercantile Exchange.Monthly data from the International Energy Agency Friday confirmed declines in global oil production from the Organization of the Petroleum Exporting Countries, amid losses in Venezuela, and lower output from Saudi…

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News Stocks 

Stocks gain on China trade, global growth optimism; Boeing shares lift Dow

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The gains would mark the biggest weekly gain since the period ended Feb. 15, according to FactSet data.BIOS, -24.93% shares sank 26% after the company announced a deal to merge with privately held Option Care Enterprises Inc.U.S. stocks rose Friday as major benchmarks aimed for their most robust weekly gains in a month with sentiment buoyed by encouraging headlines on U.S.-China…

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Crypto News 

New Blockchain ETF Co-Operator Elwood Plans Fresh Crypto Investment Options

“United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12” writes William Suberg for cointelegraph.com. Elwood, which is owned by billionaire Brevan Howard creator Alan Howard, partnered with Invesco to bring a blockchain ETF to market this week. London has eyed banning certain cryptocurrency-related trading instruments, while in the U.S., regulatory conformity has led to the repeated delay of Bakkt, a major institutional trading platform many hope will dramatically increase the industry’s public…

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News Regulators 

Dollar retraces gain ahead ahead of jobs report

“The dollar was weaker in early Friday trading, retracing gains from the previous session, ahead of the U.S. jobs report” writes Markets Reporter for marketwatch.com. Brexit Brief: Theresa May makes final deal pitches ahead of crunch vote Want news about Europe delivered to your inbox?. In the U.K., Prime Minister Theresa May will have a last stab at asking the European Union for a better Brexit deal, ahead of the presumably final vote in the British Parliament next week on May 12. Source: marketwatch.com

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News 

Less Retail, More Premium: GAIN’s Q4 Earnings Reveal FX Trends

“GAIN Capital is the first brokerage to reveal a detailed breakdown of the shifting trends in the industry” writes Victor Golovtchenko for financemagnates.com. With the announcement that GAIN Capital will be phasing out its City Index brand, the firm is focusing on the premium segment of the retail clients base. Source: financemagnates.com

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News Stocks 

One stock is responsible for a big chunk of the Dow’s gains this year

“The Dow is a price-weighted index, meaning the company with the highest share price, Boeing, has the heaviest weighting” writes Finanzen Net Gmbh for businessinsider.com. A single company, Boeing, has accounted for nearly 30% of the Dow Jones Industrial Average’s year-to-date gain of 11.5%, according to Bespoke Investment Group.Boeing shares have soared 34% this year, contributing 812 points of the index’s 2,807-point gain so far this year. Source: businessinsider.com

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News 

Home prices could be on the verge of heating up again, according to a new report

“Fixed-rate mortgage rates have dropped 0.6 percentage points since November 2018 and today are lower than they were a year ago” writes Diana Olick for cnbc.com. With interest rates at this level, we expect a solid homebuying season this spring.”. Interest rates are not as low as they were following the recession, but they have pulled back enough to entice buyers again.Higher interest rates were the tipping point for buyers.Home prices in January rose at the slowest pace in nearly seven years, but buyers shouldn’t feel too confident just yet. Source:…

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AUD News 

Aussie, yuan gain on U.S.-China trade hopes

“The yuan has been supported since late last month by hopes that Washington and Beijing could reach a trade deal later this month” writes Midwest Communications Inc for 95kqds.com. The Aussie gained 0.40 percent to $0.71055 while the New Zealand dollar rose 0.45 percent to $0.6823.TOKYO (Reuters) – The Australian dollar and the Chinese yuan rose early Monday on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute.”We have a gentleman that likes a very strong dollar at the Fed…The Chinese yuan ticked…

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News Stocks 

Walgreens’ stock drop is keeping Dow from a triple-digit gain

“Walgreens’ price decline of $4.57 is shaving about 31 points off the Dow’s price, which was up 71 points, or 0.3%” writes Reporter Editor for marketwatch.com. Walgreens Boost Alliance Inc.’s stock WBA, -6.85% dropped 6.4% to be the biggest drag on the Dow Jones Industrial Average DJIA, +0.29% and was single-handedly keeping the blue-chip barometer from a triple-digit gain.Walgreens’ stock sank Friday, after the drugstore chain indicated that it had less of an ability to mitigate reimbursement headwinds and generic deflation pressures on its earnings outlook. Source: marketwatch.com

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