US and European equities gained at the end of difficult month: Market News

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US and European equities gained at the end of difficult month: Market News

October 29, 2018 - 13:19
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According to Bloomberg, US stocks grew along with European equities, as investors gained some confidence at the end of difficult month. Euro is under pressure of news about future of German Chancellor.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, US stocks grew along with European equities, as investors gained some confidence at the end of difficult month. Euro is under pressure of news about future of German Chancellor after Merkel announced that she is going to leave her position as a head of ruling Party. Common currency fell and then started growing as it became obvious that Merkel will stay until the end of her term as Chancellor. As a result euro gained less than 0,05% to $1,404.

Индекс Stoxx Europe 600 showed growth by 1,7% along with HSBC Holdings Plc shares after earnings of the bank exceeded expectations of analytics. Italian bonds gained after S&P Global Ratings left the credit rating of the country unchanged but reduced outlook. Europe’s major bonds fell with US Treasuries. Yields of German and British 10-year bonds grew to 0,39% and 1,409% respectively. US Treasuries yield is up to 3,10%.

FTSE index in the UK gained 1,8%, DAX in Germany is 2,1% up. British pound is 0,1% up to $1,2842.

Asian shares showed mixed picture today: indexes fell in China, Tokyo and South Korea and grew in Hong Kong, Australia and India. As a result, Asian-Pacific MSCI index dropped 0,3%.

Oil price fell by 0,2% to $67,43 per barrel, as traders evaluate mixed signals in regards to supply. Bloomberg Dollar Spot Index gained 0,2%. Gold is 0,3% down to $1228,95 per ounce.

World shares lost almost $8 billion this month.