European shares grow slowly: Market News

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European shares grow slowly: Market News

July 17, 2018 - 13:12
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European shares grow slowly today as investros are getting ready to a flood of corporate earnings reports and latest updates on US Fed's monetary policy. US Treasuries fell together with dollar. Mining companies are leading in Stoxx Europe 600 Index, while telecommunication companies and utilities fell.

Photo © Gerd Altmann, CC0 1.0

European shares grow slowly today as investros are getting ready to a flood of corporate earnings reports and latest updates on US Fed's monetary policy.

US Treasuries fell together with dollar. Yield of 10-year US bonds grew to 2,86%. Bloomberg Dollar Spot Index lost 0,1%. Nasdaq futures fell, as Netflix Inc. showed disappointing subscribers growth.

Mining companies are leading in Stoxx Europe 600 Index, while telecommunication companies and utilities fell. Index itself gained 0,1%. Euro grew up 0,3% and costs $1,1743. British pound gained 0,2% to $1,3265.

Japanese shares are leaders among Asian stocks, while yen fell to the lowest level since January to 112,30 per dollar.

Commodity recover after yesterday's drop to 11-months low. Bloomberg Commodity Index increased by 0,5%. LME copper gained 0,5% and costs $6224,50 per ton. WTI oil price stabilizes at $68,16 a barrel. Price of gold is $1244,89 per ounce.

Emerging markest shares fell for a second day, their currencies are growing. MSCI Index for Emerging Markets lost 0,3% today.