MARKET WRAP: Stocks Dropped On Trump Tweets; Dollar Maintained Its Strength


*Fed may show more dovish hand after weak core CPI (inflation) number *Sterling made another multiyear low  
 



 
Stocks

  • The S&P 500 Index continued its sell off for the second day becuase of poor earning data and lost 0.37% of its value as of 15:25 London time.
  • The Stoxx Europe 600 Index reacted to slowdown in the French economic numbers and dropped 1.47%.
  • The UK FTSE 100 index retraced from its yesterday’s high because of Brexit fear and the index sank 0.33%
Currencies
  • The Dollar Spot Index maintained its bull run and gained another 0.11%.
  • The Euro moved back in positive territory but still well below the critical level of 1.12. It rose only 0.07%.
  • The British pound made another multi-year low and fell 0.38% to 1.2173.
  • The Japanese yen moved higher by 0.25% to 108.59.
Bonds
  • The Yield on 10-year Treasuries dropped by two basis point to 2.05%.
  • Britain’s 10-year yield fell to 0.63%.
Commodities
  • West Texas Intermediate crude continued to build more gains today and made a high of 57.55. It rose 0.40% to $57.09 a barrel.
  • Gold price surged on the back of weak US economic numbers. It rose 0.48%.



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