MARKET WRAP: Euro Recorded Best Monthly Gain; G-20 May Push Markets Higher Next Week

Investors remained hopeful about XI-Trump meeting in Japan, dollar dropped and gold moved higher due to weaker Chinese economic number


  • The S&P 500 Index is set to finish the last trading day of week on a positive note. It is 0.40% as of 15:30 London time.
  • The Stoxx Europe 600 Index remained higher as investors monitored the G-20 meeting, it recorded a gain of 1.50%.
  • The MSCI Emerging Market Index traded mostly positive but recorded gain of 0.23%.
  • The Bloomberg Dollar Spot Index lost some ground as the economic data continued to show weakness. It fell 0.20%.
  • The Euro recorded the best monthly gain in nearly 2 years and moved higher today by 0.16%. The currency dropped by 0.18% to $1.1363.
  • The British pound is likely to see some serious move next week and bulls pushed the currency higher by 0.27% to $1.2709.
  • The Japanese yen dipped 0.16% to 107.85 per dollar.
  • The yield on 10-year Treasuries gained one basis points to 2.01%.
  • Germany’s 10-year yield dropped by one basis point to -0.31%.
  • Britain’s 10-year yield climbed one basis point to 0.842%.
  • West Texas Intermediate crude remained sensitive to Iran related news and gained 0.05% to $59.42 a barrel.
  • Gold price gained due to the pessimism in the economic numbers and climbed to 1414