Sterling went on a roller-coaster ride today as Bank of England delivered its statement. Equity investors are on the edge due to the threat of another U.S. government shutdown
- The S&P 500 is building on its losses on top of yesterday and fell 0.8 percent at 15:47.
- The Stoxx Europe 600 Index moved lower on the back of the of the feeble economic data and fell 0.9 percent, breaking its winning streak.
- The MSCI World Index followed global markets and dropped 0.3 percent, the biggest drop in more than a week.
- The Dollar Index is maintaining its strength and jumped 0.1 percent, continuing its sixth consecutive gain.
- The Euro lost its mojo again and dropped 0.1 percent to $1.1346.
- The British pound dropped sharply at the BOE decision but quickly recovered its losses and jumped 0.4 percent to $1.2983.
- The yield on 10-year Treasuries eased off again and dropped three basis points to 2.67 percent.
- Germany’s 10-year yield did what it does best, dropped four basis points to 0.12 percent.
- Italy’s 10-year yield jumped higher as investors became more concerned, it soared seven basis points to 2.933 percent.
- Gold is still defending its 1300 support and gained 0.2 percent to $1,309.12 an ounce.
- West Texas Intermediate crude is out of luck and dropped 1.4 percent to $53.26 a barrel.
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.