* For the week, Brent ekes 0.2% gain, U.S. crude rises 0.7% * OPEC sees bearish oil market for rest of 2019. * U.S. drillers add oil rigs for 1st week since June -Baker Hughes. By Jessica Resnick-Ault and Devika Krishna Kumar. Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Deere & Co (DE): * DEERE SAYS TRADE UNCERTAINTY CONTINUES TO DAMPEN SENTIMENT ACROSS THE U.S. FARM SECTOR - CONF CALL. * DEERE SAYS, IN THE EU, MACRO ECONOMIC OUTLOOK REMAINS CLOUDED BY UNCERTAINTY REGARDING BREXIT -CONF CALL. * DEERE SAYS PHASE 1 EARLY ORDERS FOR PLANTERS WERE FLAT COMPARED TO LAST YEAR -CONF CALL. * DEERE SAYS MANY ODERS FOR PLANTERS MAY BE PUSHED TO PHASES 2 OR 3 -CONF CALL.
U.S. stocks opened higher on Friday in broad-based gains led by technology stocks, on easing bond market rally and China's plans to boost economic growth. The Dow Jones Industrial Average rose 98.78 points, or 0.39%, at the open to 25,678.17. The S&P 500 opened higher by 17.14 points, or 0.60%, at 2,864.74. The Nasdaq Composite gained 61.74 points, or 0.79%, to 7,828.35 at the opening bell.
* Housing starts fall 4.0% in July; June figure revised down. * Single-family starts rise 1.3%; multi-family down 16.2% * Building permits increase 8.4%; single-family up 1.8% By Lucia Mutikani.
OPEC on Friday provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to restrain supplies.
A recent unsolicited bid for Inter Pipeline Ltd (IPPLF) has highlighted the potential of Canada's midstream companies to offer insulation from volatile oil prices. Inter Pipeline (IPPLF), Pembina Pipeline Corp (PBA) and Keyera
Corp (KEYUF) own key infrastructure such as gathering pipelines, gas-processing plants and storage tanks that are in high demand, and reported record second quarter profits.
Applied Materials Inc (AMAT) beat Wall Street estimates for quarterly revenue on Thursday but the chip gear maker cautioned that recovery in the memory chip market is unlikely before 2020. The company, whose results are often seen as a barometer for the semiconductor industry, said spending by memory chip customers was lower in the third quarter, compared with a year earlier.
* U.S. 30-year yields hit record low. * U.S. retail sales, Walmart results beat expectations. * U.S.-China trade rhetoric intensifies. * Cisco (CSCO) tumbles following disappointing guidance. * Dow up 0.39%, S&P up 0.25%, Nasdaq off 0.09% By Stephen Culp.
* Retail sales, Walmart earnings offset global slowdown fears. * Dollar recovers as strong U.S. data soothes market nerves. * Oil extends big overnight drop on demand, supply pressures. By Herbert Lash.
* U.S. 30-year yields hit record low. * U.S. retail sales beat expectations. * U.S.-China trade rhetoric intensifies. * Cisco (CSCO) tumbles following disappointing guidance. * Dow up 0.06%, S&P off 0.02%, Nasdaq down 0.32% By Stephen Culp.
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