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.
- 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%.
- 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.
- 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%.
- 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.