MARKET WRAP: Stocks Back In Green, Sterling On The Move

The global stock market recovered its losses despite heightened trade war concerns, the dollar moved higher while gold continued its downtrend   


  • The S&P 500 Index recovered its losses from yesterday and moved higher by 0.65% as of 15:19 London time; the Nasdaq 100 gained 0.77%.
  • The Stoxx Europe 600 Index increased by 0.7%.
  • The U.K.’s FTSE 100 Index increased by 0.18% of its value
  • The MSCI Emerging Market Index followed the global equity market trend and soared by 0.5%.
  • The Dollar Spot Index moved higher ahead of the Fed Evan speech and increased by 0.18%.
  • The Euro remained below the level of 1.13 and dropped further by 0.15% to $1.1151.
  • The British pound recovered some its losses on hopes of some May’s deal. The sterling-dollar pair gained 0.05% to $1.2717.
  • The Japanese yen, the safe haven is out of demand today and lost 0.51% to 110.53 per dollar.
  • The yield on 10-year Treasuries soared by three basis point to 2.41%.
  • Germany’s 10-year yield jumped by one basis point to -0.08%.
  • Britain’s 10-year yield advanced two basis points 1.071%.
  • Gold declined again by 0.29% to $1,272 an ounce.
  • West Texas retraced from its yesterday’s high and lost nearly 0.05% to $63.07 a barrel.