1 jun
2020
12:36
Markets
Traders Pay No Attention to Disturbances in US: Corporate Stocks Are Growing

The European and American stock indices are on the rise since the investors ignored the civil unrest in the US and the fears regarding the second wave of the coronavirus. The US dollar is down, the oil is losing its value once again.

The gain of the mining and tourism stocks resulted in the growth of the Stoxx Europe 600 index—it is up by 0.9%. The European Central Bank is expected to supplement its program to save the economy by another €500 billion.

The contracts on all three principal American indices are on the rise. The futures on the S&P 500 gained 0.3%, since the investors ignored the political tensions in the US and the fears of the second wave of the coronavirus. The Hong Kong shares grew after the US President said nothing in his speech about measures that could have a direct impact on the official Beijing. The Hong Kong stock index, Hang Seng, is up by 3.4%.

The oil is starting to lose its positions again. West Texas Intermediate is down by 0.1% to $35.44 per barrel. Brent is down by 0.7% to $37.56.

The gold, on the other hand, is gaining momentum, +0.6%, and today its price is $1,740.16 per ounce.

The US dollar is falling. The euro gained 0.3% today, to $1.1134. The yen gained 0.2% to 107.61 per $1. The pound sterling is up by 0.5% to $1.2404. The USD/RUB pair is traded at ₽69.813 today.

The investors are starting the week optimistically but keep paying careful attention to the civil unrest in the American cities and the tense relations with China. It is important that the so far successful recovery of the global markets is not interrupted.