MARKET WRAP: European Markets Closed Strong


Investors are interested in riskier assets, all major benchmarks closed higher ahead of big events due this week.



Stocks

  • The S&P 500 Index jumped 0.17 percent as of 15:23 London time.
  • The Stoxx Europe 600 Index advanced 0.20 percent.
  • The U.K.’s FTSE 100 Index climbed 0.8 percent.
  • Germany’s DAX Index dropped 0.16 percent.
  • The MSCI Emerging Market soar 1.1 percent to the strongest level in almost seven months.
Currencies
  • The Dollar Spot Index dropped 0.1 percent.
  • The Euro jumped 0.10 percent to $1.1337, the highest level in more than two weeks.
  • The British pound dropped 0.53 percent to $1.3219.
  • The Japanese yen remained flat to 111.54 per dollar.
Bonds
  • The yield on 10-year Treasuries jumped one basis point to 2.60 percent.
  • Germany’s 10-year yield remained flat at 0.08 percent.
  • Britain’s 10-year yield dropped two basis points to 1.191 percent.
Commodities
  • West Texas Intermediate crude gained 0.96 percent to $59.15 a barrel, a four-month high.
  • Gold climbed 0.3 percent to $1,305.71 an ounce



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