Shares fell due to new wave of trade conflict: Market News

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Shares fell due to new wave of trade conflict: Market News

August 01, 2018 - 12:30
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As Bloomberg reports today, European stocks fell together with futures of index S&P 500, as trade conflict between two largest economies in the world gained momentum again. Mining companies showed the biggest drop in index Stoxx Europe 600.

Photo © Gerd Altmann, CC0 1.0

As Bloomberg reports today, European stocks fell together with futures of index S&P 500, as trade conflict between two largest economies in the world gained momentum again.

Mining companies showed the biggest drop in index Stoxx Europe 600, which lost 0,2%. Index of European shares declined despite of the fact that Volkswagen joined companies exceeding earnings forecasts. Euro and British pound slightly weakened losing 0,1% each and cost $1,1682 and $1,3108 correspondingly.

Dow Jones and S&P 500 fell although Nasdaq rose after Apple Inc's report. S&P 500 gained 0,1%.

US Treasuries fell along with most European bonds. US Treasuries yield rose to 2,98%, German 10-year bonds yield grew to 0,47%, while British 10-year bonds yield increased to 1,33%.

Commodities fell after US dollar rose. Bloomberg Commodity Index lost 0,8%. WTI oil price fell 1% to $68,05 a barrel. Copper declined by 2% and costs $6172 per ton. Price of gold is $1222,85 per ounce.