MARKET WRAP: Stocks Moved Lowe, Euro & Sterling Recovered Losses

The global stock market remained sensitive due to the trade issues and Trump administration is no mood to de-escalate these tensions.


  • The S&P 500 Index dropped on the back of trade war fear by 0.82% as of 15:32 London time; the Nasdaq 100 extended its losses by 1.62%.
  • The Stoxx Europe 600 Index declined by 1.40%.
  • The U.K.’s FTSE 100 Index suffered heavy losses and lost nearly 1.2% of its value
  • The MSCI Emerging Market Index followed the global equity market trend and sunk by 0.3%.
  • The Dollar Spot Index traded mostly in the red territory and dropped 0.07%.
  • The Euro remained volatile ahead of the European election and increased by 0.06% to $1.1165.
  • The British pound is still under punishment while Theresa May tries her deal for the fourth time. The pair gained 0.05% to $1.2730.
  • The Japanese yen, the safe haven stayed green and gained  0.13% to 109.94 per dollar.
  • The yield on 10-year Treasuries sank by one basis point to 2.38%.
  • Germany’s 10-year yield jumped by one basis point to -0.09%.
  • Britain’s 10-year yield moved higher by two basis points 1.051%.
  • Gold declined again by 0.09% to $1,276 an ounce.
  • West Texas Intermediate crude recovered its ground and moved higher by 0.33% to $62.95 a barrel.