Global Stock Markets
U.S. equity futures pointed to a higher open with strong earnings lifting Facebook Inc. and Qualcomm Corp., though gains were muted as investors remained cautious about the prospects for future growth. The euro stayed higher as the ECB kept interest rates unchanged.
With the common currency holding gains ahead of a press conference from ECB President Mario Draghi, the dollar pulled back from a three-month high. The pound gained alongside the yen. European bonds tracked a jump in Treasuries, with the yield on 10-year U.S. notes falling below 3 percent.
Following a mixed start, most national stock gauges in Europe turned positive, pushing the Stoxx Europe 600 Index into the green and toward its first advance in three days. Automakers were among the gainers after China was said to be considering proposals to cut import duty on passenger cars. In Asia, shares in Korea and Japan rose as those in China and Hong Kong fell.
With the earnings season in full swing, investors are confronting the question of whether global equities will be able to cope with higher interest rates. Signs of optimism from Facebook Inc. and Samsung Electronics Co. are helping offset pockets of concern around technology and industrial companies that have weighed on gauges this month.
Elsewhere, West Texas crude extended an advance above $68 a barrel as French President Emmanuel Macron predicted U.S. President Donald Trump will withdraw from the Iran nuclear deal, casting a cloud over Middle East geopolitics.
Stocks
The Stoxx Europe 600 Index climbed 0.4 percent as of 12:52 p.m. London time, the largest increase in more than a week.
Futures on the S&P 500 Index increased 0.3 percent.
The MSCI All-Country World Index advanced 0.1 percent, the first advance in more than a week.
The U.K.’s FTSE 100 Index increased 0.1 percent.
Germany’s DAX Index gained 0.1 percent.
The MSCI Emerging Market Index jumped 0.2 percent, the first advance in a week.
The MSCI Asia Pacific Index climbed 0.1 percent.
Currencies
The euro increased 0.1 percent to $1.2178.
The British pound gained 0.2 percent to $1.3964.
The Japanese yen jumped 0.2 percent to 109.17 per dollar, the first advance in more than a week and the largest climb in more than two weeks.
Bonds
The yield on 10-year Treasuries sank three basis points to 3.00 percent, the first retreat in more than a week and the biggest tumble in almost three weeks.
Germany’s 10-year yield sank two basis points to 0.61 percent, the largest tumble in almost three weeks.
Britain’s 10-year yield decreased two basis points to 1.52 percent.
Commodities
West Texas Intermediate crude gained 0.8 percent to $68.61 a barrel, the largest rise in more than a week.
Copper decreased 0.9 percent to $3.13 a pound, the lowest in more than a week on the biggest dip in two weeks.
Gold climbed 0.1 percent to $1,324.69 an ounce.
With the common currency holding gains ahead of a press conference from ECB President Mario Draghi, the dollar pulled back from a three-month high. The pound gained alongside the yen. European bonds tracked a jump in Treasuries, with the yield on 10-year U.S. notes falling below 3 percent.
Following a mixed start, most national stock gauges in Europe turned positive, pushing the Stoxx Europe 600 Index into the green and toward its first advance in three days. Automakers were among the gainers after China was said to be considering proposals to cut import duty on passenger cars. In Asia, shares in Korea and Japan rose as those in China and Hong Kong fell.
With the earnings season in full swing, investors are confronting the question of whether global equities will be able to cope with higher interest rates. Signs of optimism from Facebook Inc. and Samsung Electronics Co. are helping offset pockets of concern around technology and industrial companies that have weighed on gauges this month.
Elsewhere, West Texas crude extended an advance above $68 a barrel as French President Emmanuel Macron predicted U.S. President Donald Trump will withdraw from the Iran nuclear deal, casting a cloud over Middle East geopolitics.
Stocks
The Stoxx Europe 600 Index climbed 0.4 percent as of 12:52 p.m. London time, the largest increase in more than a week.
Futures on the S&P 500 Index increased 0.3 percent.
The MSCI All-Country World Index advanced 0.1 percent, the first advance in more than a week.
The U.K.’s FTSE 100 Index increased 0.1 percent.
Germany’s DAX Index gained 0.1 percent.
The MSCI Emerging Market Index jumped 0.2 percent, the first advance in a week.
The MSCI Asia Pacific Index climbed 0.1 percent.
Currencies
The euro increased 0.1 percent to $1.2178.
The British pound gained 0.2 percent to $1.3964.
The Japanese yen jumped 0.2 percent to 109.17 per dollar, the first advance in more than a week and the largest climb in more than two weeks.
Bonds
The yield on 10-year Treasuries sank three basis points to 3.00 percent, the first retreat in more than a week and the biggest tumble in almost three weeks.
Germany’s 10-year yield sank two basis points to 0.61 percent, the largest tumble in almost three weeks.
Britain’s 10-year yield decreased two basis points to 1.52 percent.
Commodities
West Texas Intermediate crude gained 0.8 percent to $68.61 a barrel, the largest rise in more than a week.
Copper decreased 0.9 percent to $3.13 a pound, the lowest in more than a week on the biggest dip in two weeks.
Gold climbed 0.1 percent to $1,324.69 an ounce.
No comments:
Post a Comment