MARKET WRAP: Retailer Sentiment Pushed Stocks Lower

Concerns around Brexit and retail sales pushed the stocks lower 


  • The S&P 500 Index traded lower and it was down 0.7 percent at  15.30 in London, the first retreat in a week.
  • The Stoxx Europe 600 Index lost its momentum and dropped 0.3 percent, the most in a week.
  • The U.K.’s FTSE 100 Index came under the influence of bad number by retailer and dropped 0.1 percent.
  • Germany’s DAX Index lost nearly 0.2 percent.
  • The MSCI Asia Pacific Index still out of luck and shed nearly 0.1 percent, the first retreat in more than a week.
  • The MSCI Emerging Market Index was more positive and jumped 0.3 percent to the highest in five weeks.


  • The safe haven is back for the Dollar Spot Index and it climbed 0.1 percent.
  • The euro could not hold on to its gains and dropped 0.1 percent to $1.1533.
  • The British pound has no clue what to do and it dropped 0.2 percent to $1.2759.
  • The Japanese yen is also acting somewhat as a safe haven asset class and jumped less than 0.05 percent to 108.16 per dollar, the strongest in a week.


  • The yield on 10-year Treasuries dropped one basis point to 2.701 percent.
  • Germany’s 10-year yield la upward momentum and lost two basis points to 0.26 percent, the first drop in a week and the biggest decrease in more than a week.
  • Britain’s 10-year yield jumped due to the upcoming Brexit vote and jumped one basis point to 1.271 percent.


  • West Texas Intermediate crude is under the influence of the global demand and dropped 1.5 percent to $51.60 a barrel, the first drop in two weeks after entering a bull market on Wednesday.
  • Gold price is still lacking some upward momentum and dropped 0.1 percent to $1,292.14 an ounc