MARKET WRAP: Stocks Maintain Momentum

Dollar jumped, stocks mostly in green, fixed income market flat, gold moved lower while oil still up 


  • The S&P 500 Index gained 0.4 percent as of 15:24 a.m. in London, the highest in more than three weeks.
  • The Stoxx Europe 600 Index gained another 1.2 percent, the highest in three weeks.
  • The MSCI All-Country World Index jumbed 0.7 percent to the highest in more than three weeks.
  • The MSCI Emerging Market Index dropped 0.3 percent.


  • The Dollar Spot Index surged again today, gained 0.2 percent.
  • The euro dropped 0.4 percent to $1.1432.
  • The Japanese yen continued its downtrend and dropped 0.2 percent to 108.95 per dollar.
  • The British pound highly sensitive to Brexit related news and fell 0.3 percent to $1.2737.
  • The MSCI Emerging Markets Currency Index dropped 0.2 percent.


  • The yield on 10-year Treasuries one basis point to 2.7101 percent.
  • Germany’s 10-year yield gained one basis point to 0.233 percent.
  • Britain’s 10-year yield jumped two basis points to 1.269 percent.


  • West Texas Intermediate crude went up by 1.7 percent to $49.32 a barrel, hitting the highest in three weeks, the bull run is still on.
  • Gold is losing its shine and dropped 0.6 percent to $1,282.06 an ounce.