MARKET WRAP: Trump Declared National Emergency, Stocks Moved Higher


Equity markets remained solid as investors become less wary of the US government shutdown.
 



Stocks

  • The S&P 500 Index jumped by 0.77 percent as of 15:20 London time. Financial sector was leading the gains today.
  • The Nasdaq 100 recovered some its losses from yesterday and jumped 0.20 percent and the Dow Jones Industrial Average also soar by 0.45 percent.
  • The Stoxx Europe 600 Index reacted positively to Italian trade balance data and jumped by 0.30 percent.
  • Germany’s DAX Index  gained 197 points today and jumped up by 1.77% percent.
  • The MSCI Emerging Market Index moved lower by 0.40% on a volume of 11.2M shares.
Currencies
  • The Dollar Spot Index finally moved higher by 0.13% on the back of better US data.
  • The Euro moved lower again and dropped by 0.31 percent; the high of the day was $1.1303 and the low of the day was 1.1234 against the dollar.
  • The British pound reclaimed its 1.28 against the dollar despite the Brexit chaos. It GBP/USD jumped by 0.09%, the low of the day was 1.2784 and high of the day was 1.2840.
  • The Japanese Yen maintained its strength and moved higher by 0.10 percent.
Bonds
  • The yield on 10-year Treasuries moved higher by one basis point to 2.66 percent.
  • Germany’s 10-year was unchanged and stayed 0.10 percent.
  • Britain’s 10-year yield also remained unchanged at 1.161.
Commodities
  • West Texas Intermediate crude jumped higher by 1.71 percent to $55.74.
  • Gold move higher as uncertainty around geoploticis continued and touched the highest level in two days, it jumped by  0.3% 



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