Friday, September 2, 2016

Global shares rise on oil prices

Global shares rise on oil prices stabilize

In Europe and Australia, the share prices of mining companies is rapidly moved up on a background of recovery in commodity prices after steep declines.

On Tuesday, global equities rose after oil prices stabilize, and the Dow Jones Industrial Average closed above 18,000 for the first time since July. Stoxx Europe 600 rose 1% in morning trade, following a recovery during the Asian trading session.

Mining stocks rose in Europe and Australia, as commodity prices continued to recover after a sharp decline on Monday.

Brent crude oil increased by 2.1%, reaching a level of $ 43.82 per barrel, higher than the price established to unsuccessful negotiations to freeze production at the weekend. Analysts said that oil prices were supported on Tuesday due to strike oil in Kuwait, reducing fears on global glut in the market.

Futures pointed to a slight increase in the opening of the S P 500. However, changes in futures do not always reflect the behavior of the market after the opening of the trading signal.

Previously, growth stocks of energy and mining sectors led the Australian index S P / ASX 200 to a three-month high.

On Monday, Japanese equities have slowed down the rapid decline after the yen stabilized against the US dollar and concerns about the financial impact of the recent earthquake in Japan. Japan's stock index Nikkei closed 3.7% higher.

The dollar has fallen nearly 10% against the yen this year, putting pressure on Japanese exporters and forcing the head of the Bank of Japan Haruhiko Kuroda to hint at the possibility of further stimulus measures in a recent interview with Wall Street Journal.

In other currencies, the euro was up 0.3% against the dollar at $ 1.1241 as investors waited for the study of German economic sentiment in the euro zone and study loans.

Investors also continued to focus on corporate earnings. Shares of Danone SA began the slow growth after the French dairy producer reported a drop in sales in the first quarter, which corresponded to analysts.

Shares of Roche Holding AG also rose slightly after a Swiss pharmaceutical company won analysts' forecasts for the first quarter earnings.

In the US on Monday, International Business Machines Corp. reported a decrease of 4.6% in the first quarter revenue and profits decline by 13.5%. The shares fell after-hours trading.

Goldman Sachs Group Inc., is scheduled to report its first quarter results before the opening of Wall Street. Analysts expect quarterly earnings $ 2.45 per share, which is more than 2 times lower than the $ 5.94 per share in the same period a year ago.

While the income of the largest US banks was above expectations last week, "It should be considered in its true light, changes in the downward income for the year", - Dzhim Rid said, strategist at Deutsche Bank.



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