Stock markets on a rise following USA and China agreeing to restart trade talks

Following the agreement reached between US President Donald Trump and China’s President Xi Jinping during the G20 Summit in Osaka in regards to restarting trade talks between the two countries, the world’s stock markets experienced considerable growth.

Oil prices also increased because OPEC and other oil harvesting countries agreed to maintain oil harvest levels on the current level for nine more months.

Euro value before US dollar reduced, British pound sterling value before US dollar dropped, too, whereas US dollar value before Japanese yen increased.

WTI brand crude price grew by USD 0.62, reaching 59.09 USD/barrel in New York on 1 July. Brent brand crude price increased by USD 0.32, reaching 65.06 USD/barrel in London.

Dow Jones Industrial Average index grow by 0.4% on Monday, reaching 26 717.43 points. Standard & Poor’s 500 index grew by 0.8%, reaching 2 964.33 points, whereas Nasdaq Composite index increased by 1.1%, reaching 8 091.16 points.

FTSE 100 index grew by 1% in London on Monday, reaching 7 497.50 points. DAX 30 index grew 1%, reaching 12 521.38 points in Frankfurt, whereas CAC 40 index grew 0.5%, reaching 5 567.91 points in Paris.

Euro value before US dollar on Monday reduced from 1.1375 to 1.1283 USD/EUR, British pound sterling value before US dollar dropped from 1.2700 to 1.2637 USD/GBP, whereas US dollar value before Japanese yen increased from 107.82 to 108.44 JPY/USD.

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