MARKET WRAP: Stocks Recovered Its Losses & Dollar Moved Higher


*Gold lost some of its shine while the dollar index moved higher *European stocks recovered their earlier losses



Stocks

  • The Stoxx Europe 600 Index recovered its earlier losses and increased 0.07 percent as of 15:41 London time.
  • The S&P500 index gained 0.06 percent, building on its gain from yesterday.
  • The MSCI Asia Pacific Index dropped 0.6 percent, touching the weakest point in more than a week.
Currencies
  • The Dollar Spot Index jumped 0.3 percent, the highest mark in two weeks.
  • The Euro continued its drop from yesterday and fell 0.09 percent to $1.1267.
  • The Japanese yen is still out of luck and decreased 0.43 percent to 111.35 per dollar.
  • The British pound failed to bounce on the Brexit extension and declined 0.27 percent to $1.3077.
  • The MSCI Emerging Markets Currency Index decreased 0.1 percent.
Bonds
  • The yield on 10-year Treasuries jumped two basis points to 2.49 percent, the largest gain in five days.
  • Germany’s 10-year yield moved higher by one basis point to -0.02 percent.
  • Britain’s 10-year yield gained four basis points to 1.14 percent, the largest gain in 15 working days.
Commodities
  • Brent crude finally gave up some of its gains today and dropped 0.91 percent to $71.27 a barrel.
  • Gold is still above the 1300 mark but down today by 0.83 percent to $1,301 an ounce.
 
 



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