MARKET WRAP: Optimism Among Investors Pushed Markets Higher

Investors believe that there will be deal between the US and China and this moved the markets higher


  • The S&P 500 was up again today 0.4 percent as of 15:30 a.m. in London
  • The Stoxx Europe 600 Index continued its run and jumped 0.9 percent to the highest in almost four weeks.
  • The MSCI All-Country World Index moved higher on the back of weak dollar and advanced 0.9 percent.
  • The U.K.’s FTSE 100 Index isn’t afraid of Brexit and jumped 1.2 percent to the highest in five weeks.
  • The MSCI Emerging Market Index advanced 1.9 percent to the highest in five weeks.


  • The Fed dovish stance is back and the Dollar Spot Index dropped 0.5 percent.
  • The euro moves explosively and soared 0.1 percent to $1.145.
  • The British pound gained 0.1 percent to $1.2732 ahead of the 15Jan Brexit vote.
  • The Japanese yen fell 0.1 percent to 108.84 per dollar.


  • No change for 10-year Treasuries, only a little change at 2.7297 percent.
  • Britain’s 10-year yield moved higher one basis point to 1.2765 percent.
  • Japan’s 10-year yield jumped two basis points to 0.032 percent.


  •  The momentum is strong for the West Texas Intermediate crude and it advanced 3.3 percent to $51.43 a barrel, touched the highest in almost four weeks on its eighth consecutive advance.
  • Gold price is slightly weak but still moving ahead with a gain of 0.1%  to $1,286.07 an ounce.