After the announcement of the data that released the slowdown in the European economy, the Euro moved towards the decline in three days. This week in the markets, corporate profit results and Fed interest rate decision are expected to be announced..
The Euro zone common currency gave up the rally, which moved it to the peak of two years after the compound PMI fell to its lowest level in six months in July. Car producers have widened their losses by saying that authorities in the European Union and Germany are focusing on a possible union between producers in Germany. On the other hand, Crude Oil rose as Saudi Arabia announced that it would apply deep restrictions on exports in August.
Stoxx Europe 600 Index dropped 0.4 percent at 06:43 New York time. In the UK, the FTSE 100 Index had the largest loss since June 15 with a 0.9 percent decline. Germany’s DAX Index fell 0.6 percent to its lowest level in more than three months.
The MSCI Emerging Markets Index rose 0.3 percent, reaching its highest level in more than two years. S & P 500 index futures fell 0.2 percent. Indicative index closed last week on Thursday and Friday with little change.
The euro lost 0.1% against the dollar and fell to 1.1652. Pound rose 0.3% and rose to 1.3038 dollars, earning the biggest gain in over a week’s worth of employees. The Bloomberg Dollar Spot Index fell 0.1 percent and fell to its lowest level of almost 15 months.
We saw the yen strengthened 0.4 percent and reached a level of 110.70 dollars and five consecutive gains were made.
Gold rose 0.1 percent and came in at $ 1,256.46 per ounce. West Texas Oil (WTI) rose 1 percent and reached $ 46.23 per barrel.
The MSCI Asia Pacific Index continued its upward trend over the past two weeks with the highest level of over ten years’ worth. In Japan, the Topix Index dropped 0.5 percent after falling as much as 1 percent in the early hours of the day. The Hang Seng Index in Hong Kong was up 0.5%, while the Shanghai Composite Index was up 0.4%. In India, Sensex climbed 0.6 percent and reached record levels.