1 minute
Dollar gains due to high evaluation of US economy: Market News
As Bloomberg reports, dollar gained after US economy received high evaluation from the head of US Fed. As a result, commodities and emerging markets currencies dropped. Shares of European auto producers rose after signs of possible negotiations on tariffs reduction.
Photo © Gerd Altmann, CC0 1.0
As Bloomberg reports, dollar gained after US economy received high evaluation from the head of US Fed.
Bloomberg Dollar Spot Index rose 0,4%. As a result, commodities and emerging markets currencies dropped.
MSCI Index for Emergency Markets fell by 0,2%. Bloomberg Commodity Index lost 0,2%. WTI oil price declined by 0,8% to $67,54 a barrel. LME copper lost 0,7% and costs $6107 per ton. Price of gold fell to $1222,85 per ounce. S&P 500 Index gained 0,1%.
Shares of European auto producers rose after signs of possible negotiations on tariffs reduction. IT-companies stocks gained due to success of Ericsson AB and higher profit forecasts for ASML Holding NV. Stoxx Europe 600 Index grew by 0,5%. Euro fell by 0,3% to $1,1623.
British pound lost 0,6% and costs $1,304 after inflation data was lower than forecasted.
Chinese yuan is close to the lowest level in a year.