Global equities go down: market news

Time to read
less than
1 minute
Read so far

Global equities go down: market news

May 23, 2018 - 12:00
Posted in:
0 comments

Volatile situation around the globe from Turkey to North Korea resulted in drop of European equities that followed equities in Asia. Outlook for future growth of euro area was placed in doubt. Treasuries went up together with dollar.

Photo © Gerd Altman, CC0 1.0

As Bloomberg informs by the middle of the day, volatile situation around the globe from Turkey to North Korea resulted in drop of European equities that followed equities in Asia. Asia-Pacific MSCI Index decreased by 0,4%. Outlook for future growth of euro area was placed in doubt.

Treasuries went up together with dollar and their yield today is 3,02%. Bloomberg Dollar Spot Index increased by 0,3%.

Commodities lost their value. WTI oil costs $71,86 a barrel. Copper at LME lost 1,9%, its price $6844 per metric ton.

Decrease in Stoxx Europe 600 Index (-0,8%) was the largest during last two months. As optimism about US-China trade talks faded, American equities lost their value as well and decreased by 0,6%.

Gold went up together with Japanese yen as investors focused on safe-haven assets again.

Euro dropped by 0,5% to the lowest level in six months ($1,1716) as manufacturing data showed slower economic growth in the region. UK FTSE 100 Index lost 0,6%, German DAX 1,3%.