China will support economy, stocks are up: Market News

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China will support economy, stocks are up: Market News

October 22, 2018 - 14:33
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According to Bloomberg, US futures grew along with stocks in Europe after China's officials promised to take steps for supporting the economy. Dollar and US Treasuries are stable, while Italy's bonds grew. S&P 500 increased by 0,4%. Insurers and miners are leading in Stoxx Europe 600 that gained 0,5%. Shanghai Composite Index rose more than 4%.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, US futures grew along with stocks in Europe after China's officials promised to take steps for supporting the economy. Dollar and US Treasuries are stable, while Italy's bonds grew. S&P 500 increased by 0,4%.

Insurers and miners are leading in Stoxx Europe 600 that gained 0,5%. Shanghai Composite Index rose more than 4%. This is the highest growth since 2016. FTSE MIB gained 0,7%. FTSE 100 in the UK is 0,9% up. All-coutry World Index MSCI increased by 0,2%.

Bloomberg Dollar Spot Index gained 0,1% as well as euro. British pound lost 0,4% to $1,3025. Japanese yen is 0,2% down to 112,83 per dollar.

WTI oil gained less than 0,05% and costs $69,14 per barrel. Brent oil frew by 0,2% to $79,94 per barrel. Gold is down 0,3% to $1223,11 per ounce. Copper price increased by 1,3% to $2,81 per pound.