Shares fell today: Market News

Time to read
less than
1 minute
Read so far

Shares fell today: Market News

July 11, 2018 - 12:57
Posted in:
0 comments

Shares fell today, while metals slumped to the lowest level in a year after the US promised to apply new tariffs to China, Reuters informs. Shanghai markets were hurt the most. Shares dropped almost 2% and yuan declined to the lowest level in 11 months – 6,66 per dollar. 

Photo © Gerd Altmann, CC0 1.0

Shares fell today, while metals slumped to the lowest level in a year after the US promised to apply new tariffs to China, Reuters informs.

Shanghai markets were hurt the most. Shares dropped almost 2% and yuan declined to the lowest level in 11 months – 6,66 per dollar.

Hang Seng index in Hong Kong lost more than 1%, as did Japanese Nikkei.

Markets are expecting China’s counter steps.

Current situation influenced currency markets. Australian dollar fell by 0,6% together with South Korean won and Mexican peso.

Copper, zinc and lead all fell between 3% and 4%. Copper lost 3% and costs $6141,50 per ton.

S&P 500 closed at the highest level in six months yesterday, however, will open lower.

Yen is growing as always during times of political turmoil. Its rate 111,02 per dollar. Euro fell by 0,2% to $1,1725.

Yield of US Treasuries fell 3 basis points to 2,84%.

European bonds yield declined as well, including German bonds yield declining to 0,30%.

Brent oil lost 0,8% and costs $78,22 per barrel.