Asian shares declined despite of yuan growth: Market News

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Asian shares declined despite of yuan growth: Market News

July 04, 2018 - 11:45
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According to Bloomberg, European shares cannot choose a direction today, while US futures grew among quite trade session on national holiday. Asian shares dropped despite of continuing rebound of yuan.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European shares cannot choose a direction today, while US futures grew among quite trade session on national holiday. Asian shares dropped despite of continuing rebound of yuan. MSCI Index of Emerging Markets lost 0,3%, Asian-Pacific gauge 0,2%.

IT-companies leaded losses in Stoxx Europe 600 Index, but growth of telecommunication sector helped index to gain less than 0,05%. Index DAX in Germany lost 0,1% as well as FTSE in the UK. S&P 500 grew up 0,4%.

Dollar recovered early losses and grew less than 0,05%. Euro fell by 0,1% to $1,1645. Japanese yen rose by 0,1% to 110,53 per dollar. British pound is fluctuating.

Price of gold is rising. Metals and oil are starting to lose positions. WTI oil dropped 0,3% and costs $73,95 a barrel. Brent oil price, however, gained 0,2% to $77,90 a barrel.