*The Bank of England didn’t move the needle on its monetary policy; the BOE expects lower CPI under no-deal Brexit
*Global central banks renewed their pledge for dovish monetary policy and this pushed stocks higher
*Dollar retraced from its high; gold back above 1500
Stocks
- The S&P 500 Index continued its upward momentum but with modest gains. The index gained 0.40% as of 15:34 London time.
- The Stoxx Europe 600 Index soared 0.55%. The move was powered by the banking sector.
- The UK FTSE 100 experienced decent uptick and increased by 0.45% while the focus remained on the final day of Supreme Court ruling over Parliament suspension.
Currencies
- The Dollar Spot Index dropped 0.24% and made a low of 98.24, still higher than yesterday’s low of 98.19.
- The Euro failed to secure any gains against the dollar. It dropped by 0.08%.
- The British pound moved higher despite soft UK retail sales data: actual -0.2% previous 0.4% The currency gained 0.01% against the dollar.
- The Japanese yen moved higher by 0.11% to 108.05.
Bonds
- The Yield on 10-year Treasuries dropped by two basis point to 1.77%.
- Britain’s 10-year yield dropped to 0.63%.
Commodities
- West Texas Intermediate climbed 0.77% on the back of rumors that Saudi Arabia may not be able to fill in the missing supply.
- Gold broke above the $1,500 mark and gained 0.03%.
Back
Load more
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.