European Shares Gain as Economies Inch Toward Reopening
European shares and Asian stocks on Tuesday as governments contemplated reopening their economies and the earnings season gathered pace. Crude oil extended its plunge, and the dollar weakened.
Elsewhere, shares in Japan finished slightly higher and those in Australia edged down while South Korean and Hong Kong equities climbed in a choppy Asian session.
- Futures on the S&P 500 Index increased 1.1% as of 7:14 a.m. New York time.
- The Stoxx Europe 600 Index gained 1.6%.
- The MSCI Asia Pacific Index climbed 0.7%.
- The MSCI All-Country World Index rose 0.5%.
- The euro rose 0.5% to $1.0882.
- The British pound gained 0.6% to $1.2507.
- The Japanese yen strengthened 0.6% to 106.63 per dollar.
- The yield on 10-year Treasuries dipped less than one basis point to 0.66%.
- Germany’s 10-year yield increased less than one basis point to -0.45%.
- Britain’s 10-year yield fell less than one basis point to 0.298%.
- New Zealand’s 10-year yield dipped 10 basis points to 0.925%.
- West Texas Intermediate crude sank 10.4% to $11.45 a barrel.
- Brent crude climbed 0.7% to $20.13 a barrel.
- Gold weakened 0.3% to $1,709 an ounce.
- Iron ore dipped 0.8% to $80.70 per metric ton.