Investors choose safe haven: Market news

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Investors choose safe haven: Market news

June 19, 2018 - 12:30
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As Bloomberg reports, investors today turned away from riskier assets and prefer safe haven investments as conflict between two largest economies in the world is rising. Shares dropped, while gold, Japanese yen and US treasuries grew.

Photo © Gerd Altman, CC0 1.0

As Bloomberg reports, investors today turned away from riskier assets and prefer safe haven investments as conflict between two largest economies in the world is rising. Shares dropped, while gold, Japanese yen and US treasuries grew.

Index Stoxx Europe 600 lost 1,1% and reached the lowest level since April. The index has been falling three days in a row. British FTSE Index dropped by 0,7%, while German DAX by 1,7%.

American equity futures declined together with Asian stocks. S&P 500 lost 1,3%. MSCI Index for Asia-Pacific region decreased by 1,5%, index for emerging markets lost 1,8%. Turkish lira declined by 0,7% to 4,7393 per dollar.

Euro and British pound both showed 0,3% decline and cost $1,1585 and $1,3206 correspondingly.

Japanese yen went up by 0,7% to 109,74 per dollar, US Treasuries yield is 2,87% today, price of gold grew to $1281,14 per ounce.