MARKET WRAP: Dollar Weakens, Indices Flat, Gold Moved Higher


US indices opened higher thanks to the dovish tone adopted by the Fed. European markets are a little less enthusiastic about this but still moved higher 



Stocks

  • The S&P 500 Index is flat as of 15:20 London time.
  • The Stoxx Europe 600 Index dropped 0.4 percent.
  • The MSCI Emerging Market Index soared 0.3 percent touching a four-month high.
  • The Nikkei-225 Stock Average rose 1.1 percent.
Currencies
  • The Dollar Spot Index dropped 0.1 percent to the lowest in four months.
  • The Euro was little to no change and stayed at $1.1479.
  • The British pound retraced today by 0.1 percent to $1.31.
  • The Japanese yen  dropped 0.4 percent to 108.65 per dollar.
Bonds
  • The yield on 10-year Treasuries moved back by three basis points to 2.65 percent.
  • Germany’s 10-year yield also moved lower by two basis points to 0.16 percent.
  • Britain’s 10-year yield dropped by three basis points to 1.22 percent.
  •  
Commodities
  • West Texas Intermediate crude continued its upward climb and jumped by 1.8 percent to $55.18 a barrel.
  • Gold moved higher by 0.2 percent to $1,322.48 an ounce, the highest in about nine months.



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