European and US stocks recovered part of their losses: Market News

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European and US stocks recovered part of their losses: Market News

November 13, 2018 - 12:46
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According to Bloomberg, European and US stocks recovered part of their losses amid hopes that trade dispute between the US and China will be resolved. Oil headed to show the lowest closing level in a year.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European and US stocks recovered part of their losses amid hopes that trade dispute between the US and China will be resolved. Oil headed to show the lowest closing level in a year.

Index Stoxx Europe 600 grew first time in three days. Telecommunication companies’ shares are in leaders. Indexes Dow, Nasdaq and S&P 500 gained.

Oil price has been falling twelve days in a row. US Treasuries grew, while dollar holds at level close to the highest in 18 months.

British pound and euro are recovering. Stocks and currencies of emerging markets are stable.

Main moves on the market by the middle of the day include the following:

Stoxx Europe 600 gained 0,3%, while futures of S&P 500 grew by 0,4%. All-Country World MSCI index lost 0,2%, while gauge for emerging markets is 0,4% up.

Bloomberg Dollar Spot Index lost less than 0,05%. Euro gained 0,2% to $1,1243. Japanese yen fell by 0,2% to 114,09 per dollar. British pound gained 0,4% to $1,2901.

US Treasuries yield fell to 3,16%. Yields of 10-year bonds in Germany fell to 0,39%, in the UK it rose to 1,461%.

WTI oil lost 2,7% today and is traded for $58,32 per barrel. Price of gold is 0,2% down to $1198,13 per ounce. LME copper gained 0,6% and costs $6083 per ton.