Asian shares dropped: Market News

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Asian shares dropped: Market News

July 16, 2018 - 12:38
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As Bloomberg reports, European shares grew today together with American futures, while traders are expecting corporate reports. Meanwhile, stocks in Asia declined today due to disappointing economic data from China.

Photo © Gerd Altmann, CC0 1.0

As Bloomberg reports, European shares grew today together with American futures, while traders are expecting corporate reports. Meanwhile, stocks in Asia declined today due to disappointing economic data from China.

Dollar weakened related to major peers and Bloomberg Dollar Spot Index lost 0,1%.

Banking sector of Stoxx Europe 600 is rising today, since Deutsche Bank AG announced that its earnings will be higher than expected by the market. Index itself rose by 0,2%. Euro gained 0,1% to $1,1699. British pound increased by 0,2% and costs $1,3255.

S&P gained 0,1%. All country MSCI Index increased by less than 0,05%, MSCI Index for Emerging Markets by 0,3%.

US Treasuries gained together with most European bonds. Yield of US Treasuries is 2,84%. Yield for 10-year German bonds grew to 0,35%, yield for 10-year British bonds rose to 1,273%.

WTI oil dropped below $71 a barrel, as Saudi Arabia offers additional volumes to its clients. LME copper lost 1,1% and costs $6166,50 per ton. Bloomberg Commodity Index lost 0,2%, since most raw materials dropped in general.