World shares fall: Market News

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World shares fall: Market News

September 05, 2018 - 14:21
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According to Bloomberg, American shares are falling today together with European equities and after general selloff on Asian markets, as investors do not see any ease of trade tension.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, American shares are falling today together with European equities and after general selloff on Asian markets, as investors do not see any ease of trade tension.

Dollar has been growing five trading sessions in a row. Today Bloomberg Dollar Spot Index gained 0,1%.

Stoxx Europe 600 lost 0,6% and fell to the lowest level since April before it recovered some losses. British FTSE dropped 0,4%, German DAX fell by 0,6%.

Shares from Japan to Australia show declines today. Indonesian shares suffered the most as main country's index lost 4%. MSCI Index for Emerging Markets fell by 1,5%, while MSCI gauge for Asian-Pacific region lost 1,4%.

Investors worry that emerging markets volatility will spill to developed markets. Inflation on Philippines exceeded 6% first time in nine years. So, the country joined Turkey and Argentina.

Gold price is $1194,68 per ounce. WTI oil futures fell along with other commodities due to rising dollar. Oil price also falls as inventories increase in Cushing, Oklahoma.