Global markets calmed down: market news

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Global markets calmed down: market news

May 30, 2018 - 12:04
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Global markets gained some part of balance today since panic due to political crisis in Italy weakened. Economic data helped to calm investors’ nerves in Europe. Data on jobs in Germany exceeded forecasts.

Photo © Gerd Altman, CC0 1.0

Global markets gained some part of balance today since panic due to political crisis in Italy weakened. Economic data helped to calm investors’ nerves in Europe. Data on jobs in Germany exceeded forecasts. DAX Index gained 0,2%.

Euro went up by 0,6% to $1,1607. Its growth put pressure on the stocks in the region. Stoxx Europe 600 Index declined by 0,1%.

US futures went up with S&P 500 increasing as much as 0,3%. US Treasuries went down together with dollar.

Italian bonds recovered. Its yield increased by 19 basis points to 3,034%.

Traders calmed down after significant slump of Italian bonds on Tuesday that influenced global risky assets.

Investors keep watching after White House, where Trump’s Administration revived its actions to impose tariffs on Chinese goods.

Oil stabilized after slump due to threat of rising output. Saudi Arabia, Kuwait and UAE are planning a meeting on Saturday to discuss market supply. WTI oil went up by 0,2% and costs $66,86 a barrel, Brent oil price is $75,49.