Tech stocks supported the markets while the gold price remained above the 1400 mark for now
- The S&P 500 Index recovered its losses and gained 0.21% as of 15:30 London time.
- The Stoxx Europe 600 Index failed to remain in the positive territory despite some strong economic numbers out of Germany. It fell 0.02%.
- The MSCI Emerging Market Index remained mostly neutral but recorded a small gain of 0.05%.
- The Bloomberg Dollar Spot Index moved higher ahead of the Fed chairman’s speech. It climbed nearly 0.16%.
- The Euro struggled to stay above the 1.14 mark and fell 0.1% to $1.1388.
- The British pound remained weak as Carney points out to another stimulus package in case of no deal. The currency fell 0.09% to $1.2694.
- The Japanese yen dipped 0.35% to 107.62 per dollar.
- The yield on 10-year Treasuries advanced three basis points to 1.98%.
- Germany’s 10-year yield soared by one basis point to -0.31%.
- Britain’s 10-year yield climbed two basis point to 0.811%.
- West Texas Intermediate crude moved higher due to the heightened geopolitical tensions and gained 2.14% to $59.10 a barrel.
- Gold price dropped ahead of the Jerome Powell’s speech and remained at 1408. It lost nearly 1.24%.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.