Bank of England left the interest rate unchanged; gold price maintained its momentum; geopolitical tensions heightened after Trump’s Tweet
- The S&P 500 Index made another record high and soared 0.83% as of 15:42 London time, the Nasdaq Composite Index jumped 0.78% and the Dow Jones Industrial Average rose 0.80%.
- The Stoxx Europe 600 increase by 0.84% due to the dovish Fed monetary policy, all European indices recorded a positive day
- The MSCI Emerging Market Index followed global markets and jumped 0.52%.
- The Bloomberg Dollar Spot Index took a lot of beating today as prospects of rate cut became stronger. The index dropped nearly 0.47%.
- The Euro recovered its losses and stayed positive for the day. It jumped by 0.77% to $1.1296.
- The British pound may be forming a floor despite the BOE left the rates unchanged. It added 0.40% to $1.2684.
- The yield on 10-year Treasuries fell 3 basis points to 1.99%.
- The UK’s 10-year guilt moved by five basis point to 0.81%.
- West Texas Intermediate jumped 1.65% to $56.26 a barrel.
- Gold stayed above the 1350 mark and the next target is 1400. It jumped 2.75% to $1,384 an ounce.
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.