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Europe shares, US futures; Euro Edges Up: Market Packaging



(Bloomberg) – Equities in Europe climbed together with US stock options when investors coped with their cautious optimism on the prospects of a light monetary policy. The euro lined higher for a third day.

Stoxx Europe 600 increased as mining and chemical stocks recovered. US stock options extended their advance after the S&P 500 index closed on record high on Thursday. Shares dipped in Australia and Japan and reported modest gains in Hong Kong, China and South Korea.

Government bonds prolonged their decline in Europe, heading for their worst week since October, after industrial production data for the euro area hit expectations. The Treasury 10-year return was stable near a month high.

Risk asset rally continues to benefit from Federal Reserve chairman Jerome Powell's rapid comments this week, even after strong US inflation data on Thursday gave a potential complication to policy makers when setting tax rates at the end of the month.

Meanwhile, weak data from both Singapore and China sent a different type of warning to the world economy about the effects of trade tensions. The reports came after President Donald Trump complained that China has not increased its purchases of US agricultural products, a promise he said he had secured at his G-20 meeting with the country's president Xi Jinping last month.

Elsewhere, WTI oil led to its sixth advance in seven sessions by Gulf Gulf operators for Tropical Storm Barry.

Here are some important events that come up:

US Producer prices are calculated on Friday.

Here are the most important movements in the markets:

Stock

Futures on the S & P 500 Index advanced 0.2% from 10:14 am London time to highest on record. Stoxx Europe 600 Index increased by 0.2%, the first advance of more than one week. The UK's FTSE 100 Index jumped 0.3%, the first advance for more than a week. The MSCI Asia Pacific Index slowed down 0.1%. The MSCI Emerging Market Index decreased 0.2%.

Currencies

Bloomberg Dollar Spot Index subdued 0.1%, the lowest for more than a week. The British pound rose 0.1% to $ 1.2536, the strongest for more than a week. The Japanese yen advanced 0.1% to 108.39 per dollar, the strongest for more than a week. The euro grew by 0.1% to $ 1.1655, the strongest in more than one week.

Bonds

The return on 10-year government tax instruments increased a basis to 2.14% to a maximum of one month. Germany's 10-year return advanced three points to -0.19% to a maximum of six weeks. Brita in the 10-year return received a base point of 0.845% to the highest of more than three weeks.

Goods

Gold increased 0.2% to $ 1.407.28 an ounce. West Texas Intermediate Crude increased 0.8% to $ 60.70 a barrel to a maximum of more than seven weeks.

– With the help of Adam Haigh.

To contact the reporter on this story: Laura Curtis in London at [email protected]

To contact editors responsible for this story: Samuel Potter at [email protected], Todd White

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