Hello dears friends.

Nothing can define this crypto currency in the last six months like bitcoin. It has taken the world by storm and its price has rallied almost four-fold to a high of $7,500 but now it's running out of steam. A number of factors have conspired to sink the virtual currency and if bitcoin were to be included in the bourse index, many investors would not have bothered investing in the world's first, digital currency.

Hong Kong stocks rise on final trading day of 2017

Hong Kong stocks advanced on the final trading day of the year on Friday, buoyed by Wall Street's gains overnight and as the local currency strengthened against the US dollar.

At 9.35am, the Hang Seng index was up 0.59% or 86.53 points at 29,433.06. The Hang Seng China Enterprises index rose 0.23% or 16.57 points to 11,834.03.

China stocks fall on last trading day of 2017

China stocks declined Friday after a solid rebound in the previous session on improved risk sentiment, as investors bet that the year-end holiday will allow local banks to conduct more business than in the previous two-day week.

At 9.18am, the Shanghai Composite index was down 1.31 points or 0.05% at 3,316.94. The blue-chip CSI300 index was down 0.56% or 33.21 points at 4,054.35, while the Shenzhen Composite index was down 0.6% or 19.07 points at 1,827.86.

Shenzhen's start-up board ChiNext was the worst performer in China with losses of 1.4%, while the Shenzhen Composite was down 0.5%.

China December factory activity slows to 5-month low

China's factory activity expanded at the slowest pace in five months in December on waning demand, heightening risks for the world's second-largest economy as it battles a heated trade dispute with the United States.

China's official manufacturing Purchasing Managers' Index (PMI) stood at 51.3 in December, compared with 51.6 in November, the National Bureau of Statistics (NBS) said on Friday.

A reading above 50 points indicates expanding activity while one below the threshold points to a contraction.

Other Chinese data showed profits at industrial firms in November fell 1.5% from a year earlier, the first decline in nearly three years, suggesting little pressure on companies to raise investment to support the economy as Beijing tightens measures to contain financial risks.

US stock futures point to slight rebound on final trading day of 2017

US stock futures were pointing to a slight rebound on Friday from the previous session's sell-off, on the last trading day of 2017, as strong economic data supported sentiment, while oil prices rose.

At 7.18am, Dow e-minis were up 80 points, or 0.32%, with 14,892 contracts changing hands.

S&P 500 e-minis were up 5.5 points, or 0.21%, with 138,281 contracts traded.

Nasdaq 100 e-minis were up 10.75 points, or 0.16%, on volume of 22,772 contracts.

Nasdaq 100 e-minis, which have posted gains for four consecutive sessions, hit a record high in the previous session.

Economic data was robust. The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite the near-term impact of recent hurricanes.

The numbers helped to offset news that the US economy grew at a 3.2% annual pace in the third-quarter, the weakest pace in three years, as Harvey and Irma shut down a wide swathe of industries at the end of August and beginning of September.

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سلام و محبة
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Paix et amour

@hdmed

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