The euro and pound rose, gas fell 10% and the yen hit a 24-year low

The euro and pound rose after gas prices fell 10%. In the market, government bonds marked growth, and the Japanese yen hit a new 24-year low.

Markets are significantly calmer today after a tense first day of the week. A reason for yesterday’s reaction on the stock exchanges was caused by the latest gas supply interruptions from Moscow.

In Europe, the euro rose 0.45% this morning, but this could not lift it above parity with the US dollar. The STOXX 600 gained a modest 0.25%. Italy’s bond yields held close to 4% on bets that the European Central Bank would have to raise rates by a record 0.75% later this week.

The pound, which has been one of the world’s weakest major currencies over the past month, rose 0.5% after Liz Truss was elected as the UK’s new prime minister.

Frankfurt’s benchmark DAX index rose 0.5% to 12,822.93 points, and Paris’s CAC 40 added 0.2% to 6,107.25 points.

London’s FTSE 100 also rose 0.2 percent to 7,299.93.

U.S. stocks looked poised to open higher after the Labor Day holiday on Monday, while the Chinese yuan jumped more than two-year lows in Asia. MSCI’s gauge of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) ended 0.02% in the red, and Tokyo’s Nikkei was barely budged throughout the day.

Yen sellers sent the currency to a fresh 24-year low of 141.56 to the dollar. The euro jumped 1.2% to 141.2 yen and the pound gained 1.4% to 163.92 yen.

There was a change in the Australian dollar. It came after the Reserve Bank of Australia raised its interest rate by another 50 basis points and signaled it would not be the last change.

And back to commodity markets. Oil prices fell, paring a 3 percent gain from the previous session. This happened after the deal between members of the OPEC+ group to reduce production by 100,000 barrels per day in October. It is seen as “symbolic”.

Brent crude futures fell 0.7% to $95.07 a barrel, extending morning losses. However, U.S. crude futures rose 2.12 percent to $88.71 a barrel.


The article is in bulgaria

Tags: euro pound rose gas fell yen hit #24year

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