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Dollar grows together with US Treasuries: Market news
According to Bloomberg, dollar strengthened today. Two eurosceptics took key positions in Italian parliament. It added pressure to world stock markets that already suffer from trade war threats. Italian bonds and stocks fell. S&P 500 Index followed its European counterparts.
According to Bloomberg, dollar strengthened today. Bloomberg Dollar Index went up 0,3% to the highest level in almost a year. US Treasureis rose as well, and their yield dropped to 2,91% today.
Two eurosceptics took key positions in Italian parliament. It added pressure to world stock markets that already suffer from trade war threats. Italian 10-year bonds yield grew to 2,682% today. Italian shares dropped. Main European Index lost 0,4% today. It suffered not only from Italian news but after Daimler AG reduced its profit estimates. DAX in Germany declined by 1%. German 10-year bonds yield dropped to 0,35%.
S&P 500 Index followed its European counterparts. It lost 0,3%. British pound declined by 0,5% to $1,3112 before central bank's decision on interest rates. Euro decreased by 0,4% to $1,1525.
Earlier stocks in Asia lost their ground as well. Indexes in Seoul, Shanghai and Hong Kong declined by at least 1% each. Index MSCI for Emerging Markets lost 0,9%.
WTI oil dropped by 1,5% to $64,75 a barrel before OPEC's meeting.