Trade peace hopes fell along with stocks: Market News

Time to read
less than
1 minute
Read so far

Trade peace hopes fell along with stocks: Market News

November 05, 2018 - 13:28
Posted in:
0 comments

US stocks drift, shares in Europe are trying to resist to downside pressure, while Asian equities fell along with optimism in regards to US-China trade peace comeback. Telecom companies and utilities showed the biggest gains within Stoxx Europe 600.

Photo © Gerd Altmann, CC0 1.0

US stocks drift, shares in Europe are trying to resist to downside pressure, while Asian equities fell along with optimism in regards to US-China trade peace comeback.

Telecom companies and utilities showed the biggest gains within Stoxx Europe 600 that grew by 0,1%. Indexes Dow and S&P will open lower. S&P 500 lost 0,1% so far. All-Country World Index MSCI fell by 0,2%.

US Treasuries edged higher with yield declining to 3,20%. Bloomberg Dollar Spot Index gained 0,1%. British pound is growing amid strengthening hopes for Brexit deal. Euro lost less than 0,05% to $1,1385. Japanese yen fell less than 0,05% to 113,23 per dollar. Turkish lira lost 0,5% to 5,458 per dollar.

Oil is showing decline six days in a row. Today WTI oil lost 0,4% and is traded for $62,86 per barrel. Gold is down less than 0,05% to $1232,39 per ounce. LME Copper declined by 0,7% to $6236 per ton. Bloomberg Commodity Index gained 0,2%.

Emerging markets stocks and currencies declined. MSCI gauge for emerging markets fell by 0,7%.