Stocks rise as China eases COVID-19 lockdowns

News of the day, Tuesday, June 28

Oil prices jumped today as G7 nations have announced to strengthen sanctions against Russia. Brent crude futures rose 1.21%, and WTI crude futures were up 1,2%.

Stock indexes rose around the globe as China eased quarantine requirements. MSCI’s broadest index of Asia-Pacific outside Japan rose 0.5%, the Hang Seng index jumped 0.85%, and Japan’s Nikkei 225 rose 0.66%.

European shares are also up today due to gains in commodity-related stocks and automakers. The European-wide STOXX 600 is up 0.4%, CAC 40 edged 1.4% up, DAX futures 0.5% higher, and FTSE futures climbed 1.06%.

Wall Street slid after last week’s rally amid growing inflation fears. The Nasdaq Composite lost 0.72%, the Dow Jones slid 0.2%, and S&P 500 closed 0.3% lower.

The dollar index fell 0.058% with the euro climbing 0.23%.

Key quotes for today:          
Brent — $112.00      
WTI — $110.50   
GBP/USD — 1.2268      
EUR/USD — 1.0580     
XAU/USD — $1828.00

Author: GC
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