Dollar is down, US stocks are up: Market news
Dollar fell, US futures gained along with US Treasuries as investors evaluate consequences of midterm elections in the US. Stocks in Europe gained, while indexes in Asia showed mixed results. Euro grew after industrial production unexpectedly rose in Germany in September.
Dollar fell, US futures gained along with US Treasuries as investors evaluate consequences of midterm elections in the US. Stocks in Europe gained, while indexes in Asia showed mixed results. Euro grew after industrial production unexpectedly rose in Germany in September.
Results of US elections where in general as was expected, and now investors will focus on macroeconomic events, such as development in trade conflict between the US and China, including IMF warnings.
The main moves according to Bloomberg by the middle of the day include the following:
Stoxx Europe 600 gained 1,2% as well as UK’s FTSE. DAX in Germany rose by 1,1%. S&P 500 futures are 0,9% up. Asian-Pacific MSCI gauge rose by 0,2%, while index for emerging markets gained 0,6%.
Bloomberg Dollar Spot Index fell by 0,5%. Euro grew by 0,5% to $1,1488. Yen is 0,3% up to level of 113,04 per dollar. British pound gained 0,4% to $1,3152.
US Treasuries yield is down to 3,18%. German and British 10-year bonds yields declined to 0,43% and 1,527% respectively.
WTI oil gained 1,1% first time in seven days and is traded for $62,92 per barrel. Gold price is 0,6% up to $1233,95 per ounce.