MARKET WRAP: Stocks Declined; Gold Fell Below $1,500

*Stocks suffered modest losses; bond yields in recovery mode
*Johnson not willing to delay Brexit again


  • The S&P 500 Index was pushed lower due to the broad weakness in major sectors such as healthcare, tech and finance. The index fell 0.69% at 15:30 London time; the Nasdaq 100 lost 0.94% of its value.
  • The Stoxx Europe 600 Index reacted to poor Italain industrial production number and fell 0.30%.
  • The U.K.’s FTSE 100 Index declined 0.03% and made a low of 7199.
  • The MSCI Emerging Market Index decreased by 0.02%.
  • The Dollar Spot Index climbed another 0.08% to 98.35.
  • The Euro traders preferred to stay on the side lines ahead of the upcoming ECB bazooka. The currency dropped 0.22% against the dollar.
  • The British pound fluctutated, but remained mostly positive. The GBP/USD pair gained 0.15%  on the back of better than expected average earning data
  • The Japanese yen suffered more losses and lost 0.18% to 107.24 per dollar.
  • The yield on 10-year Treasuries moved higher by five basis points to 1.65%.
  •  Britain’s 10-year yield moved to 0.620%.
  • Gold price moved below the critical mark of $1,500. It dropped by 0.55% to $1,496 an ounce.
  • WTI continued its upward trend and moved higher by 0.98% to $58.42 a barrel.