Global stocks are stable: market news

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Global stocks are stable: market news

June 12, 2018 - 12:30
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World stocks are stable today as market is expecting more detailed information on results of meeting between President Trump and North Korea’s leader. Index Stoxx Europe 600 started day with growth, but then declined a little bit. Market is also expecting decision on rate hikes from US Fed and ECB this week.

Photo © Gerd Altman, CC0 1.0

World stocks are stable today as market is expecting more detailed information on results of meeting between President Trump and North Korea’s leader.

Index Stoxx Europe 600 started day with growth, but then declined a little bit. FTSE Index in the UK dropped by 0,2%. DAX Index in Germany is stable.

S&P 500 Index futures did not change after minor growth on Monday. Safe-haven assets, including gold and Japanese yen, are declining after Trump and Kim signed a document on providing peace on Korean Peninsula. Yen dropped by 0,2% to 110,25 per dollar. British pound went up 0,1% to $1,3395. Euro gained 0,1% to $1,1796. Turkish lira dropped by 0,3% to 4,5363 per dollar.

Market is also expecting decision on rate hikes from US Fed and ECB this week.

US Treasuries yield is 2,96% today. Yields of 10-year bonds in Germany, UK and Italy are 0,51%, 1,427% ad 2,843% correspondingly.

Oil continues rising due to split of opinions inside OPEC. WTI oil is trading at $66,35 a barrel, Brent oil costs $76,82 a barrel. Price of gold is $1297,60 per ounce today.