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Home / Business / World stocks are near the 6-month high with oil chasing $ 70 a barrel. From Reuters

World stocks are near the 6-month high with oil chasing $ 70 a barrel. From Reuters




© Reuters. During a sunset outside Scheibenhard, a rainbow over a pumpjack can be seen

LONDON (Reuters) – World stocks were just below a six-month high on Tuesday, reaching a value of just for the first time since Brexit in November $ 70 a barrel The fatigue in the pound sterling fell, and the dollar is showing signs of strength again.

Some brightening in the global industry sentiment ̵

1; at least in China and the US – fought for attention with another dirty US retail sales report, British broken Brexit plans and more caution from central banks, this time from Australia.

Most European exchanges recorded modest gains, strongly supported by British exporters. They even rose 0.5 percent as exporters cheered the fourth decline in the British pound over the past five days.

This was because Britain had not come closer to the chaos surrounding its exit from the EU bloc after Parliament failed to find its own majority on Monday for an alternative to the divorce of Prime Minister Theresa May.

May is due to hold sessions with Cabinet meetings with senior ministers on Tuesday to plan the next steps of the government.

This implied that investors held on to UK gilts and safe haven bond markets despite negative bond yields, although key US yields had risen again in recent days.

"It seems British MPs want to avoid a no-deal Brexit by any means, but they are not voting for one of the alternatives and time is running out," said DZ bank strategist Daniel Lenz.

"I think investors need to be prepared for the no-deal-Brexit launch in ten days, which will have some impact on returns this morning."

MSCI's broadest index Asia-Pacific shares outside Japan ended 0.2 percent and a seven-month high, after also rising more than 1 percent in the previous session and bouncing off Wall Street overnight.

Chinese blue chips hit 10-month high after taking Colombia to the top of world stock market ranking, while Australian equities declined 0.4 after the country's Central Bank collapsed

The RBA Interest rates remained stable, once again highlighting the strength of employment They showed no immediate inclination to reproduce the strikingly temperate tone of some of their global counterparts.

Nevertheless, "downside risks to the global growth environment "and the markets entering the national elections emphasize that the RBA will eventually be forced to lower its interest rates, even to prevent the Aussie dollar from rising.

OIL ON THE BOIL

The other major shift took place in the oil markets, where prices reached new heights after 2019. A US official had said Washington was considering further sanctions on Iran and an important Venezuelan export terminal stopped the operation.

Futures traded at $ 61.82 a barrel, an increase of 0.4 percent against the day, while Brent futures were at $ 70.19 per barrel for the first time since November.

"China's PMI figure was the most significant monthly increase since 2012 should resolve concerns over a potential threat to oil demand," said Stephen Innes, head of trading and market division of SPI Asset Management.

and gold rose in both the industrial and precious metals markets, but suddenly came to life again in the digital world.

It rose 20 percent to $ 5,000, the highest since November. Cryptanalysts pointed to a large order in a thin market, though there was no obvious trigger for recognizing an immediately recognizable order.

The boom, however, meant that Bitcoin broke its 200-day average for the first time in over a year. The value of the unit fell last year as authorities tightened their market regulation around the world.

In emerging markets, MSCI EM stock index earnings were limited to 0.16 percent after losses in countries such as Turkey and South Africa were under pressure from political tensions and weak local manufacturing.

The lira was 1.6 percent after the US ceased supplying equipment for the F-35 fighter to Turkey.

The controversy is the latest in a series of diplomatic clashes between the United States and Turkey that contributed to the currency's crisis last year.

Also, the recent volatility of the lira was clumsy clampdown in the international lira market. In the local elections over the weekend, President Tayyip Erdogan's AK party lost to Istanbul and Ankara.


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