(Bloomberg) – Stocks in Europe rose along with US stock futures. UU As investors clung to their cautious optimism at the prospect of easier monetary policy. The euro rose higher for a third day.
The Stoxx Europe 600 rose when mining stocks and chemicals recovered. US stock futures UU They extended their advance after the S & P 500 index closed Thursday at a record level. Stocks fell in Australia and Japan and posted modest gains in Hong Kong, China and South Korea.
Government bonds extended their decline in Europe, heading into their worst week since at least October, after industrial production data for the euro region exceeded expectations. The 10-year Treasury yields remained stable near the one-month high.
The rebound in risk assets continues to benefit from moderate comments from Federal Reserve Chairman Jerome Powell this week, even after strong US inflation data. UU On Thursday they offered a possible complication to policy makers when they set rates at the end of the month.
Meanwhile, weak data from Singapore and China sent another warning shot to the global economy about the impact of trade tensions. The reports came after President Donald Trump complained that China has not increased its purchases of US agricultural products, a promise he said he had secured at his G20 meeting with the country's president, Xi Jinping, last month.
Elsewhere, WTI oil headed for its sixth advance in seven sessions, as operators in the Gulf of Mexico prepared for Tropical Storm Barry.
Here are some key events that are to come:
US producer prices expire on Friday.
Here are the main movements in the markets:
Futures in the S & P 500 index advanced 0.2% at 10:14 am, London time, to the highest level recorded. The Stoxx Europe 600 index gained 0.2%, the first advance in more than a week. The UK's FTSE 100 index jumped 0.3%, the first advance in more than a week. The MSCI Asia Pacific Index was down 0.1%. The MSCI Emerging Market Index was down 0.2%.
The Bloomberg Dollar Spot Index fell 0.1%, the lowest in more than a week. The British pound rose 0.1% to $ 1.2536, the strongest in more than a week. The Japanese Yen advanced 0.1% to 108.39 per dollar, the strongest in more than a week. The euro gained 0.1% to $ 1.1265, the strongest in more than a week.
The yield on 10-year Treasuries increased one basis point to 2.14% the highest in a month. Germany's 10-year yield advanced three basis points to -0.19% to the highest in six weeks. Britain's 10-year yield gained a base point to 0.845% to the highest in more than three weeks.
Gold rose 0.2% to $ 1,407.28 per ounce. West Texas Intermediate crude gained 0.8% to $ 60.70 per barrel to the highest in more than seven weeks.
– With the help of Adam Haigh.
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