Agreement between the US and Canada caused markets rise: Market News

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Agreement between the US and Canada caused markets rise: Market News

October 01, 2018 - 13:04
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According to Bloomberg, US futures grew along with currencies of Canada and Mexico, as sides agreed to preserve trade bloc. European shares gained as well due to positive news. Safe heaven, yen and gold, fell.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, US futures grew along with currencies of Canada and Mexico, as sides agreed to preserve trade bloc. S&P 500 gained 0,6% after it showed best quarter since 2013. Canadian dollar is up 0,8% to C$1,28 per dollar. Mexican peso grew by 1% to 18,5267 per dollar. Bloomberg Dollar Spot lost 0,1%.

European shares gained as well due to positive news. Stoxx Europe 600 increased by 0,4%, IT-companies and chemical sector lead in the index. Euro gained 0,1% despite of data on lowest factory voluems in two years. ECB reduced monthly bond purchasing volumes by half to 15 billion euro.

Safe heaven, yen and gold, fell. Yen lost 0,3% to 114 per dollar. Gold price declined to $1186,27 per ounce.

Japanese index of blue chips, Nikkei 225 Average, grew to the highest level in almost 27 years.

Oil is rising amid concerns over slowing output in the US. WTI oil gained 0,3% to $73,48. Bloomberg Commodity Index is up 0,2%.