Stocks in Europe are climbing: Market News

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Stocks in Europe are climbing: Market News

August 24, 2018 - 12:30
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According to Bloomberg, stocks in Europe are climbing today together with US futures after mixed session in Asia, as negotiations between China and the US provide no results. Dollar falls. Euro grew after data on steady development of German economy.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, stocks in Europe are climbing today together with US futures after mixed session in Asia, as negotiations between China and the US provide no results.

Dollar falls ahead of Jerome Powell's speech. Bloomberg Dollar Spot Index lost 0,1%.

Raw materials supplier are leaders of Stoxx Europe 600 Index today as commodities prices are rising. Index gained 0,1%. British FTSE dropped less than 0,05%, while German DAX gained less than 0,05%.

Euro grew after data on steady development of German economy. It increased by 0,2% to $1,1562.

S&P 500 rose by 0,2%. Shares in China and Hong Kong fell, while stocks in Japan and South Korea grew.

Meanwhile, oil is rising together with most industrial metals, gold and platinum. WTI oil gained 0,9% to $68,46 per barrel. Copper rose by 0,3% to $2,68 per pound. Price of gold is $1,1190,18 per ounce.