Stocks Rise as China Spurs Trade Hopes; Bonds Slip

Stocks climbed in Europe along with S&P 500 futures after China said it agreed with the U.S. to roll back tariffs on each other’s goods in phases as they work toward a trade deal. Treasuries and gold slipped.

Stocks

  • The Stoxx Europe 600 Index climbed 0.3% as of 10:37 a.m. London time.
  • Futures on the S&P 500 Index gained 0.4%.
  • Spain’s IBEX Index jumped 0.8%.
  • Hong Kong’s Hang Seng Index advanced 0.6%.
  • The MSCI Asia Pacific Index increased 0.3%.

Currencies

  • The euro gained 0.2% to $1.1084.
  • The Japanese yen declined 0.2% to 109.16 per dollar.
  • The offshore yuan strengthened 0.6% to 6.973 per dollar.

Bonds

  • The yield on 10-year Treasuries climbed four basis points to 1.86%.
  • Britain’s 10-year yield gained four basis points to 0.752%.
  • Germany’s 10-year yield increased four basis points to -0.30%.
  • Australia’s 10-year yield dipped six basis points to 1.2145%.

Commodities

  • Iron ore dipped 0.8% to $80.40 per metric ton.
  • West Texas Intermediate crude advanced 1.1% to $56.99 a barrel.
  • LME copper gained 0.9% to $5,959 per metric ton.
  • Gold decreased 0.4% to $1,484.25 an ounce.

Source: Bloomberg.com

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