Shares in Europe fell along with US futures: Market News

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Shares in Europe fell along with US futures: Market News

October 05, 2018 - 13:04
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Shares in Europe fell along with US futures as US Treasuries yield continues to rise, Bloomberg reports. Dollar grew ahead of US payroll report. Mining companies showed the biggest losses within Stoxx Europe 600 index.

Photo © Csaba Nagy, CC0 1.0

Shares in Europe fell along with US futures as US Treasuries yield continues to rise, Bloomberg reports. Dollar grew ahead of US payroll report. S&P 500 lost 0,1%, while Bloomberg Dollar Spot Index gained 0,1%.

Mining companies showed the biggest losses within Stoxx Europe 600 index that lost 0,5%. IT-companies and banking shares fell as well. Danske Bank is close to show the biggest drop in seven years after regulators in Denmark ordered the bank to hold more capital to cover fines. FTSE in the UK lost 0,7%, DAX in Germany fell by 0,6%.

Stocks of IT-companies fell in Asia with Chinese PCs producer Lenovo Group losing 23% of its value in Hong Kong. MSCI index for Emerging Markets lost another 0,8%.

Pound is growing amid optimism about Brexit deal. It gained 0,1% to $1,3034. Euro lost 0,2% to $1,1492.

WTI oil is getting back to $75 per barrel level. Copper lost 0,8% and showed the biggest drop among industrial metals. Price of gold is down 0,1% to $1198,52 per ounce.