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Euro area data resulted in stocks growth: Market news
European shares grew together with US futures. Data on production and services in euro area exceeded analytics’ expectation. Euro also gained as a result of positive news from common currency region.
European shares grew together with US futures. Data on production and services in euro area exceeded analytics’ expectation. Stoxx Europe 600 Index gained 0,6%. German DAX grew by 0,4%, British FTSE by 0,6%. S&P 500 futures increased by 0,5%.
Euro also grew as a result of positive news from common currency region. It rose by 0,5% to $1,666. British pound also gained 0,5% to $1,3307. Bloomberg Dollar Spot Index dropped by 0,3%.
Shares in Asia grew earlier, since fall of Japanese stocks was overlapped by growth in China and Korea. Index Nikkei 225 Stock Average in Japan lost 0,8%.
Oil is rising as OPEC and its partners reached preliminary agreement on future output. WTI oil grew by 1,3% and costs $66,36 a barrel. Brent oil gained 1,3% as well to $74,03 a barrel. Price of gold is $1269,88 per ounce today.