Stock markets are stabilizing: Market News

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Stock markets are stabilizing: Market News

July 03, 2018 - 11:30
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According to Bloomberg, on Tuesday stock market started stabilizing. Shares in the US and Europe grew up. Trading session in Asia was mixed. All the attention is concentrated on Chinese yuan that recovered losses. Developing countries' currencies started rising.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, on Tuesday stock market started stabilizing. Shares in the US and Europe grew up. Trading session in Asia was mixed. All the attention is concentrated on Chinese yuan that recovered losses after head of People’s Bank of China informed about goal to keep local currency at stable and reasonable level. Developing countries' currencies started rising.

Dollar dropped related to other major currencies. Bloomberg Dollar Spot Index lost 0,4%. US Treasuries are stable. Their yield is 2,88% today.

Euro strengthened as German government crisis is over. It gained 0,3% to $1,673. Yield of German 10-year bonds rose to 0,33%, yield of 10-year British bonds grew to 1,275%.

Telecommunication companies lead the Stoxx Europe 600 Index today. Index gained 0,4%.

WTI oil grew up 0,9% to $74,62 a barrel. Metals are recovering losses after significant drop that brought platinum price to the lowest level in nine years. Bloomberg Commodity Index gained 0,4%. LME copper price increased by 0,8% to $6578 per ton. Price of gold is $1245,48 per ounce today.