Market overview at the beginning of the European session

European stocks gained and Asian stocks recovered from early losses.
European stocks climbed as Rio Tinto Plc jumped after posting its first annual profit in three years. Oil tumbled for a third day after data showed U.S. crude stockpiles surged. The MSCI Asia Pacific Index extended gains toward the highest closing level since July 2015. The yen fluctuated after rising earlier on the Bank of Japan’s offered to buy bonds for the third time in a week.
Movements in financial markets are timid because investors expect more clarity on the program of Trump to increase spending and lower taxes. Currently provided some relief to companies like Tata steel Ltd and Rio Tinto, which show strong results.

• Stoxx Europe 600 Index rose by 0.5 percent, led by commodity producers. Rio Tinto jumped 2.6 per cent since announced that it will pay a much higher than expected dividend and redemption of $ 500 million.
• MSCI added 0.3 percent. Topix rose 0.5 percent and the Kospi fell 0.5 percent, mainly because Samsung Electronics which declined by 1.1%
• Hang Seng China Enterprises Index rose 1.1 percent to a five-month high, led by developers and automotive companies. Shanghai composite index rose 0.4 percent.
• SP500 futures increased by 0.1%, while the Dow Jones touched the tip made after the impulse when samples $ 20,000

FX markets:

• Bloomberg Dollar Spot index rose s 0.2%. The currency is still down 3% from the peak of January 3.
• The yen rose 0.2 percent to 112.23 per dollar. Currency weakened 0.6% from the previous session. The euro fell 0.3 percent to $ 1.0650.

Commodities:

• Oil fell 0.9 percent to $ 51.71 a barrel in New York. Investors believe OPEC cuts are offset by shale gas in the United States.
• Copper rose 1.9 percent after workers at the largest mine in the world announced that it is probably strike on their part.

Bonds:

• The yield on ten-year government securities dropped to 2.40% this is a decline of two weeks.

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