MARKET WRAP: European Stocks Closed Mixed; Pound Dropped


*Corporate results dragged equity markets lower
*Debate continues on Brexit extension
*Gold crossed above 1500 as mentioned yesterday



Stocks

  • The S&P 500 set to post three consecutive weeks of gains, the index moved back above 3000-mark and gained 0.17% as of 15:30 London Time.
  • The Stoxx Europe followed the US markets by positing three consecutive weeks of gains. Although the index lost 0.12% at the time of writing this report.
  • The SPX VIX index has done much on a weekly frame; the price continues to consolidate. The index dropped 3.28% and VSTOXX also plunged 0.65%.
  • The UK 100 index dropped 0.42% and made a low of 7279.
 
 
Currencies
  • The  Dollar Spot Index moved higher by 0.17% despite fragile economic data reading. The revised US consumer confidence fell to 95.5. 
  • The Euro declined by 0.17% and the German IFO business climate came in at 94.6.   
  • The British Pound dropped 0.29% to 1.2814 and made a low of 1.2804. The price is likely to drop below 1.28.
  • The Japanese yen gained 0.04% to 108.62 per dollar.
  
 
 
 Commodities
  • West Texas Intermediate crude oil dropped  0.48% but the price is set to record a positive week.   
  • Gold is likely to move above the 1,550-mark now as we have already broken the 1500 level. The metal gained 0.80%.



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