Stocks are recovering: Market News

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Stocks are recovering: Market News

October 12, 2018 - 13:26
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According to Bloomberg, stocks are recovering on Friday among good news on Chinese trade. Dollar is steady, while US Treasuries yield grew. Index Stoxx Europe 600 gained first time in three days. Asian-Pacific index MSCI increased from the lowest level since May 2017. Chinese yuan is recovering.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, stocks are recovering on Friday among good news on Chinese trade. Dollar is steady, while US Treasuries yield grew to 3,17%.

Index Stoxx Europe 600 gained first time in three days, however, is still heading to the worst week since February. It gained 0,7% with mining companies leading as prices of industrial metals rose. FTSE in UK gained 0,9%, DAX in Germany 0,7%.

US futures grow as well with S&P 500 gaining 0,9%. Asian-Pacific index MSCI increased from the lowest level since May 2017. Chinese yuan is recovering.

Emerging markets stocks are close to show the highest growth in more than two years, while its currencies strengthen. MSCI index for Emerging Markets gained 2,2%.

WTI oil price is rising. It gained 1% to $71,67 per barrel. Gold is down 0,4% to $1219,64 per ounce. Copper price rose by 0,7% to $2,82 per pound.