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World Markets Today 29/06/2018

posted onJune 29, 2018

Asian markets traded in the green on Friday,  the last trading day of the quarter, after a rally in technology and banks stocks triggered gains on Wall Street and on news that   China eased restrictions on foreign investment in sectors including banking, automotive, heavy industry and agriculture. 

In economic news, Japan's Ministry of Health, Labor and Welfare reported the country's unemployment rate stood at 2.2% in May, dropping to its lowest in more than 25 years. Meanwhile, Japanese industrial production was up 4.2 year-on-year in May.  

European markets closed in the green  after EU leaders managed to reach a deal on immigration- one of the bloc’s most  sensitive issues- following almost 10 hours of talks at a summit in Brussels. 

Investors shrug off trade tensions, after it was confirmed that European Commission's President Jean-Claude Juncker is set to meet United States President Donald Trump for trade talks. 

On the data front, the UK's GDP grew by 1.2% year-on-year in the first quarter of 2018.
Germany's unemployment rate remained unchanged at 5.2% in June while German retail sales were down 1.6% in May. Eurostat said inflation in the eurozone is expected to rise 2.0% in June.

Across the Atlantic, U.S. stocks closed higher. All three main indexes rose on Friday, ending the first half on a high note. But despite the gains, they closed lower for the week as the Trump administration is set to activate tariffs on Chinese goods worth around $34 billion next week.

World Markets Headlines Today

Asian markets swing as painful quarter draws to close (Fin24)
India: Sensex avoids rupee fate, thanks to domestic fund inflows (Mint)
Banks rain on ASX parade (Australian Business Review)

European Shares Seen Up As EU Leaders Reach Deal On Migration (RTT News)
European markets rally after EU migration deal; Galapagos shares dive 12% (CNBC)
European markets are sharply higher today with shares in Germany leading the region (CNN Money)

Stocks Cap Quarter With Gains, Dollar Slumps (Bloomberg)
Dow climbs nearly 300 points at peak as financials rally (Marketwatch)
Stocks Rise as Big Banks Move Higher, Dow Jumps as Nike Soars (The Street)

Gold nudges up but on track for worst month since Nov. 2016, US oil dips from 3-1/2 yr high, but markets remain tight (Reuters)

25 Major Markets Stock Indices Closing Data  


All Continents Stock Indices Closing Data

Tokyo's Nikkei 225 rose 0.15% while Hong Kong's Hang Seng advanced 1.61%. China's Shanghai Composite jumped 2.20%. Seoul's KOSPI was up 0.51%. Mumbai's Sensex increased 1.10% while Nifty 50 was higher by 1.18%. Australia's ASX200 was down 0.33%. Singapore's STI finished 0.34% in the hole. Jakarta's Composite grew 2.33% and Taiwan's Weighted Index was up 1.71%.

The Paneuropean STOXX600 rose 0.81%. France's CAC increased 0.91%. London's FTSE was up 0.28%. Belgium's BEL 20 was higher by 0.48%. Amsterdam's AEX grew 0.77%. Moscow's IMOEX grew 2.03%. In Southern Europe, Lisbon's PSI20 was down 0.47% while Spain's IBEX 35 added 0.35% and Italy's FTSE MIB rose 0.90%. In Scandinavia, Stockholm's OMXS30 was up 1.78% while Copenhagen's OMXC25 increased 0.92%. Helsinki's OMXHPI finished the day 0.90% in the green.

In Central Eastern Europe, Budapest's BUX jumped 2.46% while Warsaw's WIG rose 1.42%. Prague's PX advanced 1.17% and Bratislava's SAX was lower by 0.15%. Tallinn's OMXT was higher by 0.22% while Riga's OMXR gained 0.19%. In Vilnius, the OMXV fell 0.10%.

In South Eastern Europe, Bucharest's BET was up 1.21% while Sofia's Sofix increased 0.18%. Belgrade's Belex 15 grew 0.46%. Podgorica's MNSE10 increased 0.87%.  while Banja Luka's BIRS was lower by 0.13%. Ljubljana's SBI Top dropped 0.13%.In Skopje, the MBI10 jumped  2.46%. Istanbul's BIST100 was up 0.30%. In Athens, the General Index finished the day 1.28% in the green while in Nicosia surged 4.47%.

Botsawana's DCI ticked down 0.01% while Dar Es Salaam's ASI fell 0.42%. Johannesburg's ASI jumped 3.25% and Nigeria's ASI gained 1.44% while Mauritius' SEMDEX was up 0.25%. Uganda's ASI decreased 0.80%.  Zimbabwe's Industrial Index dropped 0.78%.

In Canada, the S&P TSX Composite was up 0.60%. In the U.S., the Dow Jones gained 0.23% while the S&P 500 rose 0.08% and the Nasdaq advanced 0.09%.

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