MARKET WRAP: European Stocks Closed Higher While US Stocks Turned Lower


Equity markets over in Europe were strong despite some weak economic data. The dollar index recovered some of its lost ground



Stocks

  • The S&P 500 Index lost its mojo today and lost 0.07 percent as of 15:00 London time. The Nasdaq Composite Index also followed S&P and dropped 0.06 percent and the Dow Jones Industrial Average fell 0.33 percent.
  • The Stoxx Europe 600 continued its upward move and gained 0.47 percent.
  • The MSCI Emerging Market Index scored 0.5 percent.
 
Currencies
  • The Dollar Spot Index recovered its losses and gained 0.14 percent.
  • The Euro moved back below 1.12 and decreased 0.12 percent to $1.1193 due to the weak eurozone economic data
  • The British pound was in constant battle with 1.30 mark and lost 0.65 percent to $1.3033 ahead of the key Brexit vote.
Bonds
  • The yield on 10-year Treasuries dropped by one basis points to 2.48 percent.
  • Germany’s 10-year yield fell two basis points to negative 0.05 percent.
  • Britain’s 10-year yield dropped five rose almost one basis point to 0.99 percent.
Commodities
  • West Texas Intermediate jumped 0.96 percent to $62.21 a barrel.
  • Gold was still below the 1300 mark, it gained 0.1 percent to $1,290 an ounce.



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