Euro area data resulted in stocks growth: Market news

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Euro area data resulted in stocks growth: Market news

June 22, 2018 - 12:30
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European shares grew together with US futures. Data on production and services in euro area exceeded analytics’ expectation. Euro also gained as a result of positive news from common currency region.

Photo © Gerd Altmann, CC0 1.0

European shares grew together with US futures. Data on production and services in euro area exceeded analytics’ expectation. Stoxx Europe 600 Index gained 0,6%. German DAX grew by 0,4%, British FTSE by 0,6%. S&P 500 futures increased by 0,5%.

Euro also grew as a result of positive news from common currency region. It rose by 0,5% to $1,666. British pound also gained 0,5% to $1,3307. Bloomberg Dollar Spot Index dropped by 0,3%.

Shares in Asia grew earlier, since fall of Japanese stocks was overlapped by growth in China and Korea. Index Nikkei 225 Stock Average in Japan lost 0,8%.

Oil is rising as OPEC and its partners reached preliminary agreement on future output. WTI oil grew by 1,3% and costs $66,36 a barrel. Brent oil gained 1,3% as well to $74,03 a barrel. Price of gold is $1269,88 per ounce today.