Global Markets: Stocks rose while oil and gold retreated

The stocks rose when investors were preparing for second-quarter profit disclosures which would provide proof that investors were entering the path of global economic growth. On the other hand, the dollar did not change much. Oil traded at a near close to its two-week low closing price.

Public service stocks and food companies have followed up their movements in Asian and US futures markets, raising shares in Europe. The dollar, which has remained largely unchanged against most major currencies, contracted after the wave of sales in the last week. The Yen fell to its lowest level in two months, with the announcement saying that Bank of Japan Governor Haruhiko Kuroda‘s monetary policy could be amended as needed. Petroleum is tense after an OPEC minister stated that production parts from Libya and Nigeria may be required. Gold and silver also decreased.

As global stocks see the peak of all time, investors feel less influenced by political uncertainty and focus on maintaining global growth. According to the United States data released on Friday, non-farm employment achieved its strongest quarterly increase in June. In Germany, trade surplus came in above expectations, with exports exceeding expectations in May.

At the G-20 summit, there was little evidence of foreign policy issues on the agenda, such as rising tension in North Korea. Talks between the US President Donald Trump and South Korean, Japanese and Chinese leaders ended without any consensus on North Korea’s nuclear ambition.

If we look at the changes in the stock markets we see that the Euro Stoxx 50 Index was up 0.4% above New York at 07:00. S & P 500 Index futures rose 0.2 percent.

Bloomberg Dollar Spot Index rose 0.1 percent while the pound fell 0.1% to 1.2875, and the euro remained unchanged at 1.1394.

10-year Treasury yields declined by 2 basis points to 2.37 percent after a 23-basis point increase over the past two weeks.

West Texas Oil (WTI) fell 1.2 percent after falling 2.8 percent on Friday and fell to 43.72 dollars per barrel. Gold price fell 0.3% after seeing the lowest level since March and traded at $ 1,208.34 per ounce. Silver price was down 2.1 percent.

he Yen has fallen 0.3% to its lowest level since May 11. The MSCI Asia Pacific Index rose 0.3 percent after falling to a five-week low on Friday. Japan’s Topix Index rose 0.5 percent. In Australia, the S & P / ASX 200 Index gained 0.4 percent. Hang Seng Index in Hong Kong rose 0.7 percent while shares in China declined.

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