MARKET WRAP: The Downtrend Was Strong, Thanks To Trump


Stock markets felt the pressure of Chinese economic data and the US goverment shutdown 



Stocks

  • The S&P 500 Index dropped 0.5 percent as of 14:45 London time.
  • The Stoxx Europe 600 Index declined 0.6 percent, the weakness is back and this is first retreat in a week.
  • The MSCI All-Country World Index fell 0.3 percent, the first drop in more than a week.
  • The MSCI Emerging Market Index plunged 0.9 percent, the biggest drop in more than a week.
Currencies
  • The Dollar Spot Index declined 0.2 percent.
  • The euro was stable at $1.1471.
  • The Japanese yen soared 0.3 percent to 108.21 per dollar.
  • The British pound jumped 0.1 percent at $1.2853.
  • The MSCI Emerging Markets Currency Index dropped 0.2 percent.
Bonds
  • The yield on 10-year Treasuries fell by one basis point to 2.69 percent, the lowest point in than a week.
  • Germany’s 10-year yield dropped by two basis points to 0.21 percent.
  • Britain’s 10-year yield went down by three basis points to 1.257 percent, the lowest in more than a week.
Commodities
  •  West Texas Intermediate crude is mainting its downtrend and dropped 0.1 percent to $51.54 a barrel.
  • Gold soared 0.2 percent to $1,291.50 an ounce.



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