🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

GLOBAL MARKETS-Shares up on U.S. consumer data but COVID-19 spike dampens sentiment

Published 01/07/2020, 05:15 am
Updated 01/07/2020, 05:18 am
© Reuters.
EUR/USD
-
GBP/USD
-
US500
-
DJI
-
JP225
-
DX
-
LCO
-
CL
-
JP225
-
IXIC
-
STOXX
-
MIAPJ0000PUS
-
MIWD00000PUS
-

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

* Oil slips as Libyan oil production likely to ramp up (Updates prices, changes comment)

By Rodrigo Campos

NEW YORK, June 30 (Reuters) - A global stocks index rose on Tuesday as investors continued to look for signs of an economic recovery while Treasury debt prices were little changed amid a fog of rising COVID-19 cases.

The possible return of Libyan oil production, which has been at a trickle since the start of the year, weighed on crude prices.

World shares .MIWD00000PUS are down around 8% so far this year, including the impact of a slump of 34% between Feb. 12 and March 23, but the world equity index is up 18% this quarter - on track for its biggest three-month gain since the second quarter of 2009. consumer confidence rose more than expected in June, following upbeat housing data on Monday. traders said quarter-end flows were also supportive of stock prices. Following a steep drop in February and March, Wall Street was setting up to close the quarter with the largest gains since 1998.

"We are finishing up one of the best quarters in history, so we wouldn't be surprised to see a little bit of window dressing taking place on the last day," said Sal Bruno, chief investment officer at IndexIQ in New York.

The Dow Jones Industrial Average .DJI rose 32.86 points, or 0.13%, to 25,628.66, the S&P 500 .SPX gained 29.88 points, or 0.98%, to 3,083.12, and the Nasdaq Composite .IXIC added 141.35 points, or 1.43%, to 10,015.50.

The pan-European STOXX 600 index .STOXX rose 0.13% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.76%.

Emerging market stocks rose 0.25%. Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.74% higher, while Japan's Nikkei futures NKc1 lost 0.22%.

Rising COVID-19 cases continue to show signs of a second deadly wave of the pandemic, but markets still expect a global economic recovery as lockdown measures ease.

Brent crude slipped as traders took profits from the previous session and Libya's state oil company flagged progress in talks to resume exports, potentially boosting supply. O/R

U.S. crude CLc1 recently fell 1.06% to $39.28 per barrel and Brent LCOc1 was at $41.14, down 1.37% on the day.

The dollar index was in and out of negative territory as upbeat U.S. and Chinese data left traders torn between optimism about global growth and fears that a surge in new COVID-19 cases could jeopardize the rebound.

The dollar index =USD fell 0.053%, with the euro EUR= down 0.04% to $1.1235.

The Japanese yen weakened 0.31% versus the greenback at 107.89 per dollar, while sterling GBP= was last trading at $1.2387, up 0.74% on the day.

Beijing unveiled the national security law it is imposing on Hong Kong, setting the stage for the most radical changes to the former British colony's way of life since it returned to Chinese rule 23 years ago. doesn't improve Hong Kong's status as a financial center, to say the least, coming back from the protests and the virus over the last year," said Ilan Solot, FX strategist at Brown Brothers Harriman in London. "If anything this is a downward slope for Hong Kong's importance as a global financial hub."

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Emerging markets

http://tmsnrt.rs/2ihRugV World financial markets in 2020

https://tmsnrt.rs/2BmerLo Global markets and the tale of two quarters

https://tmsnrt.rs/381pBBe

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.