Shares gain after positive companies' reports: Market News

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Shares gain after positive companies' reports: Market News

July 24, 2018 - 12:59
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European shares grew together with US futures after row of positive corporate earnings reports. China's efforts to support its economy resulted in growth of high risk assets in Asia. Besides other measures, China plans to increase infrastructure spendings. As a result, Shanghai Composite Index showed the highest three day growth in two years. 

Photo © Gerd Altmann, CC0 1.0

As Bloomberg reports today, European shares grew together with US futures after row of positive corporate earnings reports. China's efforts to support its economy resulted in growth of high risk assets in Asia. Besides other measures, China plans to increase infrastructure spendings. As a result, Shanghai Composite Index showed the highest three day growth in two years. 

S&P 500, Dow Jones and Nasdaq will open higher as Google posted its results. S&P 500 grew by 0,2%.

Auto producers and banks were largest gainers in index Stoxx Europe 600, as PSA informed about profitability of Opel and UBS showed results higher than expected. Stoxx Europe 600 grew as much as 0,9%. Euro recovered early losses as data showed strong growth of the largest economy on the continent. It costs $1,1689. British pound grew by 0,1% to $1,3114.

WTI oil crossed $68 a barrel level and costs $68,21. Gold is stable, its price $1224,18 per ounce. Copper gained 0,7% to $6171,50 per ton. Bloomberg Commodity Index rose by 0,1%.

Yield of US Treasuries is 2,95%, yield of 10-year German bonds is 0,41%, yield of 10-year British bonds is 1,281%.