EU WRAP: S&P500 Soars Over 160 points After Trump Tweet

*Trump’s meeting with Chinese Premier has shifted the risk sentiment for better
*Tariff pain could be eased off to some extent
*Sterling jumps on Brexit deal hopes 
*Fed’s Kaplan thinks that  another rate cut isn’t necessary


  • The S&P 500 jumped 0.55% as of 15:17 London Time. The move was led by the material stocks
  • The Stoxx Europe 600 Index soared by 0.23%, consumer discretionary sector led the rally with again of 1.95%.
  • The SPX VIX index dropped -2.36 and the  VSTOXX also fell -2.73%.
  • The UK 100 index rose 0.44% and made a high of 7201.
  • The  Dollar Spot Index was off -0.26% despite some hawkish comments from the Fed member.
  • The Euro gained 0.36% against the dollar. The move was mainly led by the ECB minutes which were fairly somewhat hawkish.
  • The British Pound spiked 0.52% on the back of news that confirmed some optimism between Johnson and Varadkar.
  • The Japanese yen dropped 0.30%  to 107.89 per dollar.
  • West Texas Intermediate crude jumped nearly 1.31% and made a high of 53.30.  
  • Gold futures dropped 0.77 percent to $1,493 an ounce.