(Bloomberg) – European equities rose alongside US equity futures as investors clung to cautious optimism about the prospect of a more flexible monetary policy. The euro rose slightly for the third day.
The Stoxx Europe 600 rose with the rebound in shares in the mining and chemical sectors. US equity futures extended their lead after Thursday's close of the S & P 500 index to a record high. Shares plummeted in Australia and Japan and posted modest gains in Hong Kong, China and South Korea.
Government bonds have extended their decline in Europe, starting their worst week since at least October, after data on industrial production in the euro area exceeded expectations. The 10 – year Treasury yields were stable near a high of one month.
The upturn in risky assets continues to benefit from accommodative comments from Federal Reserve Chairman Jerome Powell this week, even after Thursday's strong US data on inflation offered a potential complication to policymakers when they fixed their rates at the end of the month.
At the same time, weak data from Singapore and China sent another warning to the global economy about the impact of trade tensions. According to reports, President Donald Trump has complained that China has not increased its purchases of US agricultural products, a promise he obtained at the G-20 meeting with the country's president, Xi. Jinping, last month.
In addition, WTI oil achieved its sixth lead in seven sessions as operators in the Gulf of Mexico prepared for Tropical Storm Barry.
Here are some key events to come:
Prices to US producers are due on Friday.
Here are the main movements on the markets:
The Stoxx Europe 600 index rose 0.2%, its first advance for more than a week.The Stoxx Europe 600 index rose 0.2%. %, the first advance for more than a week. The MSCI Asia Pacific Index plunged 0.1%. The MSCI Emerging Market Index fell 0.2%.
The Bloomberg Dollar Spot Index plunged 0.1%, its lowest level in more than a week. The pound rose 0.1% to 1.2536 dollars, the strongest in more than a week. The Japanese yen rose 0.1% to 108.39 / dollar, the strongest in the euro rose 0.1% to 1.1265 dollars, the strongest in over a week.
The yield on 10-year Treasury bonds rose 1 basis point to 2.14%, its highest level in a month. Germany's 10-year yield rose by three basis points to – 0.19%, its highest level in six weeks. Britain's 10-year yield has gained a base point at 0.845% at its highest for more than three weeks.
Gold prices rose 0.2% to $ 1,407.28 an ounce. West Texas Intermediate crude rose 0.8% to $ 60.70 per barrel, reaching its highest level in more than seven weeks.
–With the help of Adam Haigh.
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