Fears in regards to trade war put pressure: Market News

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Fears in regards to trade war put pressure: Market News

September 11, 2018 - 12:33
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According Bloomberg, European shares fell together with American stocks after mixed session in Asia. Fears in regards to trade war between two largest economies in the world are growing. China is going to ask WTO for permission to impose trade sanctions on the US.

Photo © Gerd Altmann, CC0 1.0

According Bloomberg, European shares fell together with American stocks after mixed session in Asia. Fears in regards to trade war between two largest economies in the world are growing. China is going to ask WTO for permission to impose trade sanctions on the US.

Mining companies and insurers fell within Stoxx Europe 600 Index that lost 0,3% today. S&P 500 fell by 0,1%.

MSCI Index for Emerging Markets declined by 0,5%.

Dollar Bloomberg Spot Index lost 0,1%. Euro grew by 0,2% to $1,1615 and British poung gained 0,1% to $1,3045 due to perspective of mutually beneficial agreement of UK’s exit from EU.

WTI oil price is growing towards $68 per barrel level along with worries that hurricane approaching East Coast of the US will cause disruptions in supply and price hike.

Bloomberg Commodity Index gained 0,3%.

Central Bank of Argentina is planning to hold its key rate at 60%, the highest in the world, which may provide relief for peso and countries economy.