Stocks in Europe fell more than stocks in Asia and US: Market News

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Stocks in Europe fell more than stocks in Asia and US: Market News

November 14, 2018 - 13:17
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According to Bloomberg, European stocks fell on Wednesday and their losses exceeded losses of Asian equities and US futures. Investors continue evaluating consequences of falling oil prices, mixed results from Chinese economy and latest news in regards to trade.

Photo © Gerd Altmann, CC0 1.0

According to Bloomberg, European stocks fell on Wednesday and their losses exceeded losses of Asian equities and US futures. Investors continue evaluating consequences of falling oil prices, mixed results from Chinese economy and latest news in regards to trade.

US Treasuries grew along with dollar.

Index Stoxx Europe 600 fell under pressure of mining and energy sectors. Good news from auto producers did not save the situation.

Stocks in Hong Kong, China and South Korea fell.

British pound declined after inflation data did not meet estimates. Euro fell after data on slower economic growth in the region in third quarter. Italy’s bonds declined after the country submitted another controversial budget to EU.

Emerging markets stocks are down. Price of gold decreased, oil started to grow.

Main moves at the markets by the middle of the day include the following:

Stoxx Europe 600 lost 0,9%, German DAX declined by 0,8%, while UK’s FTSE 100 is down by 0,6%. Asian-Pacific MSCI Index fell by 0,2%, as well as the gauge for emerging markets.

Bloomberg Dollar Spot lost 0,1%. Euro declined by 0,2% to $1,1268. British pound dropped 0,4% to $1,2921. Japanese yen is 0,1% down to 113,90 per dollar.

US Treasuries yield fell to 3,14%. Yields of 10-year German and British bonds declined to 0,39% and 1,49% respectively.

WTI oil is 0,1% up to $55,74 per barrel. Price of gold lost 0,2% to $1200,01 per ounce.