European shares started to fall: Market News

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European shares started to fall: Market News

August 29, 2018 - 12:44
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According to Bloomberg, European shares started to fall together with US futures, as mood of global markets has changed. Euro fell after Italian government talked about bond purchasing program to support country’s debt.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European shares started to fall together with US futures, as mood of global markets has changed. Euro fell after Italian government talked about bond purchasing program to support country’s debt. Euro area’s common currency lost 0,2% and costs $1,1667.

Stoxx Europe 600 was stable in the beginning of this day, however, then started to decline under pressure of indexes in the UK and Spain. Index lost 0,1%. Retailers show bad results today. German DAX lost 0,1%, British FTSE dropped 0,5%. Pound gained less than 0,05% to $1,2879.

Assets of emerging markets are under pressure of growing dollar. MSCI Index for Emerging Markets lost 0,2%.

Bloomberg Dollar Spot Index gained 0,1%. S&P 500 increased by less than 0,05%. US Treasuries grow as well, their yield is 2,87% today.

Shares of Japan and Australia showed growth earlier, while Chinese stock fell. As a result, Asian-Pacific Index MSCI gained 0,3%.

WTI oil price grew by 0,3% to $68,76 per barrel. Gold is traded for $1204,04 per ounce.