European Stock Markets
The Stoxx Europe 600 Index advanced, with most sectors in the green, and equity-index futures pointed to a higher U.S. open as concerns about an escalation in tensions over North Korea’s nuclear program eased.
WTI crude slumped below $70 a barrel after a Saudi minister said supply would likely be boosted in the second half. Italy’s bonds dropped as worries mounted over its leadership, sending the spread between German and Italian 10-year yields above 2 percentage points.
Earlier, stocks in Asia saw modest declines.
Investors are are taking a more sanguine view on geopolitical risks, after stocks declined from the U.S. to Asia as President Donald Trump blamed the “tremendous anger and open hostility” from Pyongyang for his decision to scrap his planned meeting with Kim Jong Un. While North Korea’s apparent willingness to keep talking appeared to soothe markets, other risks remain.
Investors are are taking a more sanguine view on geopolitical risks, after stocks declined from the U.S. to Asia as President Donald Trump blamed the “tremendous anger and open hostility” from Pyongyang for his decision to scrap his planned meeting with Kim Jong Un. While North Korea’s apparent willingness to keep talking appeared to soothe markets, other risks remain.
Spain’s biggest opposition party is ready to push for a no-confidence motion against Prime Minister Mariano Rajoy, while tensions around global trade linger.
Elsewhere, Turkey’s lira swung between gains and losses, though still heading for its worst week since in eight years, after the central bank said it would allow exporters to repay dollar-denominated loans in the local currency, while the pound weakened after the European Union dismissed many of the U.K.’s plans for their post-Brexit relationship.
The Stoxx Europe 600 Index rose 0.5 percent as of 11:10 a.m. London time.
Futures on the S&P 500 Index rose 0.2 percent.
The U.K.’s FTSE 100 Index gained 0.2 percent.
Germany’s DAX Index increased 1.1 percent.
The MSCI Emerging Market Index rose 0.3 percent.
The MSCI Asia Pacific Index fell 0.1 percent.
Elsewhere, Turkey’s lira swung between gains and losses, though still heading for its worst week since in eight years, after the central bank said it would allow exporters to repay dollar-denominated loans in the local currency, while the pound weakened after the European Union dismissed many of the U.K.’s plans for their post-Brexit relationship.
The Stoxx Europe 600 Index rose 0.5 percent as of 11:10 a.m. London time.
Futures on the S&P 500 Index rose 0.2 percent.
The U.K.’s FTSE 100 Index gained 0.2 percent.
Germany’s DAX Index increased 1.1 percent.
The MSCI Emerging Market Index rose 0.3 percent.
The MSCI Asia Pacific Index fell 0.1 percent.
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