MARKET WRAP: Stocks Follow Dollar Index, Both Declined

The sentiment which was bolstered by the Fed's dovish tone failed to keep the momentum 


  • The S&P 500 Index trading lower by  0.3 percent, US government shut down weighs the first retreat in more than a week.
  • The Stoxx Europe 600 Index dropped 0.1 percent.
  • The MSCI All-Country World Index jumped 0.1 percent, investors are preffering to have global exposure and made the index to hit  the highest point in more than a month with its sixth consecutive advance.
  • The MSCI Emerging Market Index soared 0.3 percent to the highest in more than a month.
  • The Dollar Spot Index traded mostly flat and dropped slight 0.1 percent to the lowest in more than 15 weeks.
  • The euro still has the momentum and it jumped 0.3 percent to $1.153.
  • The Japanese yen moved higher by 0.1 percent to 108.31 per dollar.
  • The possibility of delay in Brexit pushed British pound higher by 0.5 percent to $1.2817, the strongest in more than six weeks.
  • The MSCI Emerging Markets Currency Index soared 0.1 percent to the peak in almost seven months.
  • The yield on 10-year Treasuries under pressure and softened by three basis points to 2.71 percent, the largest fall in more than a week.
  • Germany’s 10-year yield also eased off by one basis point to 0.24 percent.
  • Britain’s 10-year yield jumped one basis point to 1.289 percent, hitting the peak in more than two weeks.
  • The spread of Italy’s 10-year bonds over Germany’s dropped by three basis points to 2.6008 percentage points.
  • West Texas Intermediate crude dropped again by 0.5 percent to $52.34 a barrel.
  •  Gold jumped by 0.5 percent to $1,292.52 an ounce.