*China is back with vengeance
*The biggest fear for markets is now is the counter reaction from Donald Trump
*Gold price surged above the 1500
- The S&P 500 Index fell sharply after China announced tariffs on US. The index dropped over 0.08% of 15:30 London time.
- The Stoxx Europe 600 Index dropped 0.16%, the index has lost nearly 2.1% so far this month.
- The UK FTSE is poised to record the worst month since 2015. It lost 0.53% of its value today.
- The Dollar Spot Index gained 0.04%. Investors are focused on Jackson Hole meeting.
- The Euro gained 0.10% despite strong dollar ahead of the G7 meeting which is taking place the coming weekend.
- The British pound gained 0.09% and made a high of 1.2267. The gains may be short lived as there is still no light in the Brexit tunnel.
- The Japanese yen moved higher by 0.28% to 106.13.
- The Yield on 10-year Treasuries fell by four basis points and moved to 1.5706%.
- Britain’s 10-year yield jumped to 0.508%.
- West Texas Intermediate crude decreased by 1.23%, the WTI made a low of 53.40.
- Gold crossed above the $1,500 mark and made a high of $1,518.
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