Trade dispute concerns hanging over markets: market news

Time to read
less than
1 minute
Read so far

Trade dispute concerns hanging over markets: market news

May 24, 2018 - 12:15
Posted in:
0 comments

Concerns over global trade continue put pressure on world markets. Stocks in Europe went up a little bit, but returned only part of yesterday’s losses. US futures show little growth as well. US Treasuries yields stabilized at level around 3%. Dollar declined.

Photo © Gerd Altman, CC0 1.0

Concerns over global trade continue put pressure on world markets. Stocks in Europe went up a little bit. Stoxx Europe 600 gained by 0,2%, but returned only part of yesterday’s losses after President Trump initiated investigation in regards to automobile imports into the US. As a result, shares of European auto producers fell sharply.

US futures show little growth as well. US Treasuries yields stabilized at level around 3%. Dollar declined.

Asian shares went down with Asian-Pacific MSCI Index losing as much as 0,2%.

Euro went up by 0,4% to $1,1741. Turkish lira resumed its slump and lost 2%. Italian bonds declined and their yield today is at 2,346%. Safe haven, such as gold and yen, increase in value. Price of oil continues to slide.