MARKET WRAP: US Jobs Data Came In Soft & Markets Moved Lower


*Trade worry drives stock lower *Gold Moved Higher
 



Stocks

  • The S&P 500 Index suffered from decent losses and fell by 1.32% as of 15:14 London time; the Nasdaq 100 dropped 1.56%.
  • The Stoxx Europe 600 Index reacted to feeble German manufacturing data and lost 1.50% of its value.
  • The U.K.’s FTSE 100 Index remained volatile and declined by 1.54%.
  • The MSCI Emerging Market Index dropped 1.5% touching the 19-week low.
Currencies
  • The Dollar Spot Index moved jumped higher despite weak jobs data and soared 0.10%.
  • The Euro continued to suffer from losses and dropped by 0.11% to $1.1145.
  • The British pound stayed below the critical level of 1.27 while Theresa May’s job remains under threat. The sterling-dollar pair gained 0.20% to $1.2649.
  • The Japanese yen, the safe haven is out of demand today and lost 0.51% to 110.53 per dollar.
Bonds
  • The yield on 10-year Treasuries dropped by five basis point to 2.33%.
  • Germany’s 10-year yield decreased by three basis point to -0.12%.
  • Britain’s 10-year yield dipped by six basis points 0.954%.
Commodities
  • Gold price moved higher by 0.70% to $1,283 an ounce.
  • West Texas continued its downtrend and lost nearly 5.18% to $58.22 a barrel.



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