Shares in Europe are rising: Market News

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Shares in Europe are rising: Market News

July 09, 2018 - 12:30
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According to Bloomberg, European shares grew today after Asian counterparts. US futures rise as well, since investors put aside concerns over trade conflict and concentrated on companies’ earnings season.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European shares grew today after Asian counterparts. US futures rise as well, since investors put aside concerns over trade conflict and concentrated on companies’ earnings season.

Mining and energy companies are leaders of Stoxx Europe 600 today. The index grew by 0,5% and is ready to show increase five days in a row. German industrial production in May beat all forecasts. Euro gained 0,3% to $1,1779. German 10-year bonds yield grew to 0,32%, British 10-year bonds yield rose to 1,267%.

US futures of S&P 500 index gained 0,3%. Report on US employment showed impressive results again. Bloomberg Dollar Spot Index lost 0,3%. US Treasuries yield is 2,85% today.

Asian-Pacific Index MSCI grew by 1,2% and might show the biggest increase in a month. MSCI index for emerging markets gained 1,3%. Commodities and emerging markets currencies grew due to weakening dollar. Bloomberg Commodity Index rose 0,1%. Chinese yuan gained.

WTI oil lost 0,3% and costs $73,59 a barrel. LME copper gained 0,5% to $6391,00 per ton. Price of gold is $1261,60 per ounce.