Stocks finishing week with positive mood: market news

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Stocks finishing week with positive mood: market news

June 01, 2018 - 12:09
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Stocks are finishing this volatile week with positive mood. Stoxx Europe 600 rose by 0,8%. Banks and basic resources companies were the leaders of the benchmark today. Index of Italian stocks finally rose.

Photo © Gerd Altman, CC0 1.0

Stocks are finishing this volatile week with positive mood. Stoxx Europe 600 rose by 0,8%. Banks and basic resources companies were the leaders of the benchmark today. Index of Italian stocks finally rose by 2,8%. This is the biggest growth in four months. IBEX Index of Spain increased by 1,1%.

American futures of S&P 500 grew up 0,4%.

Dollar and euro are stable today.

US Treasuries fell and their yield is 2,87%. Italian 10-year bonds yield dropped to 2,641%. Yield of 10-year Spanish bonds declined to 1,425%.

Investors are optimistic and hope that threat of international tariffs will not result in trade war between US and its major partners.

Oil is stable today as growing output in the US comes together with surprised decline in inventories. Price of WTI oil is $66,97 a barrel, Brent costs $77,57.