MARKET WRAP: Equities Moved Higher; Gold Steady Ahead of Fed

*Volume remained on the low side today due to the bank holiday *No action expected from the Fed but there may be a surprise *S&P500 made another all time high


  • The S&P 500 Index moved higher by 0.11 percent as of 15:20 in London. The index made another record high thanks to the improvement in the consumer confidence number which came in at 129 Est 126.  
  • The Stoxx Europe 600 Index dropped 0.05 percent while the FTSE declined 0.35 percent.
  • The MSCI EM Index moved lower by 0.05 percent.
  • The Dollar Spot Index remained sensitive ahead of the Fed monetary policy decision and traded lower by 0.60 percent.
  • The Euro stayed well below the critical level of 1.13 but continued to recover its losses and gained 0.20 percent to $1.1240.
  • The Japanese yen soared by 0.11 percent to 111.20 per dollar.
  • The British pound remained above the 1.30 mark and gained 0.27 percent to $1.3077.
  • The yield on 10-year Treasuries moved lower by two basis points to 2.47 percent.
  • Britain’s 10-year yield dropped by one basis point to 1.17 percent.
  • Crude oil continued its retracement and declined 0.38 percent to $63.64 a barrel.
  • Gold remained unchanged ahead of Jerome Powell statement on the monetary policy and remained at $1,284 an ounce.