Chinese yuan stabilized: Market News

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Chinese yuan stabilized: Market News

August 08, 2018 - 12:08
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According to Bloomberg, European shares fell on Wednesday after mixed trade session in Asia. Dollar recovered some losses, and Chinese yuan stabilized after central bank said that it is seeking possibilities to stabilze currency.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European shares fell on Wednesday after mixed trade session in Asia.

Dollar recovered some losses, and Bloomberg Dollar Spot Index gained less than 0,1%. Futures of S&P 500 Index lost less than 0,1%. US Treasuries yield is 2,97%.

Chinese yuan stabilized after central bank said that it is seeking possibilities to stabilze currency.

Stoxx Europe 600 lost 0,2%. Shares of healtcare and insurance sectors lost their ground, overlapping gains of IT-sector. Earnings report from Glencore did not meet forecasts. Euro fell 0,1% to $1,1589. Pound is declining again on concerns about Brexit with no deal. It cost $1,2904.

WTI oil fell less than 0,1%. Price of gold rose by 0,2% to $1212,73 per ounce. LME copper lost 0,3% and costs $6151 per ton. Bloomberg Commodity Index gained 0,1%.