European stocks rise after Asian: Market News

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European stocks rise after Asian: Market News

June 29, 2018 - 12:30
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European shares grew after Asian stocks in the end of turbulent quarter. Euro gained 0,7%, as leaders reached agreement on migration issue. Italy bonds gained as well. Shanghai Composite index recovered from the lowest level in 10 months. Pound rose after data showed that country’s economy grows faster than was expected

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European shares grew after Asian stocks in the end of turbulent quarter. Euro gained 0,7%, as leaders reached agreement on migration issue. Italy bonds gained as well, since development of measures to limit migration will ease confrontation between country and bloc.

US Treasuries grew as well. Their yield is 2,86% today. Dollar has been falling for second day. Bloomberg Dollar Spot Index lost 0,4%.

Stoxx Europe 600 Index gained 1,1%, S&P 500 rose by 0,5%. Hong Kong and Shanghai shares were the leaders in Asian trading. Shanghai Composite index recovered from the lowest level in 10 months and gained 2,2%. Yuan stopped its 11-day fall.

Index DAX in Germany rose by 1,4%. FTSE index in UK gained 0,7% and pound rose by 0,7% to $1,3164 per dollar after data showed that country’s economy grows faster than was expected.

Brent oil grew by 0,6% to $78,33 a barrel, WTI oil gained 0,2% and costs $73,29 a barrel. Price of gold rose today to $1251,57 per ounce.