Russia revved up oil bears ahead of OPEC's meeting as the appearance in Vienna of Rosneft's CEO caused a swirl of talk about agreements and output cuts.» Read More
Ukraine forces have engaged Russian troops and destroyed part of a military unit entering from Russia. CNBC's reports Michelle Caruso-Cabrera reports the details.
*Concerns over Ukraine, Iraq soften. LONDON, Aug 15- Gold prices dropped 1.4 percent on Friday as European stock markets headed for their biggest weekly gain since mid-February on expectations for more central bank stimulus to lift the euro zone economy. "Gold is really not liking the strong return seen in stocks," Saxo Bank analyst Ole Hansen said.
NEW YORK, Aug 15- U.S. stock index futures pointed to a higher open on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.
LONDON, Aug 15- European stocks rose on Friday, on track for the year's biggest weekly gains, while German Bund yields held near record lows as recent weak data increased expectations of further central bank action to revive the economy.
*Volumes low due to public holiday in Europe. LONDON, Aug 15- European shares rose on Friday, gaining ground for the fourth time in five sessions, helped by BHP Billiton after the world's biggest miner said it could spin off assets. It is encouraging for the sector overall, " James Butterfill head of equity strategy at Coutts, said.
NEW YORK, Aug 15- U.S. stock index futures were higher on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.
But in an ironic twist, the feel-good triumph in Brazil may have come at a time when Germany's new "Wirtschaftswunder", or economic miracle, is coming to an end.
*Europe stocks set for biggest weekly gain since Feb. The euro, which took a hit on Thursday after data showed Europe's powerhouse economy Germany unexpectedly contracted in the second quarter, edged up against the dollar on Friday but remained near nine-month lows.
LONDON, Aug 15- Brent crude stabilized below $103 a barrel on Friday, close to a 13- month low, on ample supplies of high-quality oil and signs faltering global economic growth may be capping fuel demand.
NEW DELHI, Aug 15- India's national Planning Commission certainly tried to present a modern image, with a Twitter profile that promised "Faster, More Inclusive and Sustainable Growth". "Times have changed since the Planning Commission was created," Modi said on Friday, in a speech to mark India's liberation from British colonial rule.
Data showed on Thursday the euro zone economy failed to grow in the second quarter even before the sanctions the West and Russia imposed on each other over the conflict in Ukraine started to bite.
SINGAPORE, Aug 15- Brent crude edged up on Friday, helped by weakness in the dollar, but it remained near a 13- month low below $103 a barrel as a shaky European economy fuelled concern about demand in a well-supplied oil market. Growth in Germany and France ground to a halt in the second quarter.
*Japan's Nikkei underperforms but still on track for winning week. Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.
SINGAPORE, Aug 15- Brent crude edged up on Friday but still traded near a 13- month low below $103 a barrel as a shaky European economy fueled concern about demand in a well-supplied oil market.
*U.S. crude had edged down 4 cents to $95.54 a barrel by 0011 GMT, after settling down $2.01 at $95.58 in the previous session- the lowest close since Jan. 21 at $94.99.
Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.
*Putin strikes conciliatory tone on Ukraine. NEW YORK, Aug 14- U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.
CNBC's Bob Pisani explains how Vladimir Putin impacted trading activity today.
Stocks rose Thursday on comments by Vladimir Putin. Jeffrey Mankoff, CSIS Russia and Eurasia Program, and Jon Najarian, Optionmonster.com, provide perspective to the activity.
*Gold demand fell in 2nd- qtr- World Gold Council. NEW YORK/ LONDON, Aug 14- Gold prices were a touch higher on Thursday in thin trading, but gains were limited by U.S. jobless claims data which showed continued recovery in the labor market and conciliatory comments from Russian President Vladimir Putin about Ukraine.