Stocks and commodities gained some ground: Market News

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Stocks and commodities gained some ground: Market News

July 12, 2018 - 12:47
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Stocks and commodities started gaining some ground on Thursday, Reuters reports. Chinese shares gained more than 2%, while oil played back some losses that it suffered on Wednesday, when price dropped almost 7%. European stocks showed more modest growth.

Photo © Gerd Altmann, CC0 1.0

Stocks and commodities started gaining some ground on Thursday, Reuters reports.

Chinese shares gained more than 2%, while oil played back some losses that it suffered on Wednesday, when price dropped almost 7%.

Shanghai Composite and CSI 300 both closed with 2,2% growth. Stocks in Japan, Australia and Hong Kong gained 1,1%, 1% and 0,6% respectively.

Chinese yuan gained 0,3%.

European stocks showed more modest growth. Stoxx 600 grew up 0,2%. Growth in healthcare and consumer sectors was higher than losses in banking sector and among energy firms that suffered due to decline in oil prices.

Dollar grew to the highest level related to Japanese yen in six months. It costs 112,385 yen. It is stable related to six major currencies.

Difference between yields of 10-year bonds in the US and Germany is the highest in 30 years and was 2,59% today.

Brent oil gained 1,5% and costs $74,52 a barrel. It lost 6,9% yesterday due to trade tensions and possible recovery of Libya’s export.

Industrial metals including copper and nickel grew as well. LME copper gained 0,8% to $6194 per ton. Yesterday it lost 3% and cost $6081.