Investors are factoring in a strong possibility of a trade deal between the US and China and this pushed the markets higher.
Stocks
- The S&P 500 Index jumped 0.32 percent on the prospects of no US government shutdown as of 15:20 London time.
- The Nasdaq 100 soared 0.36 percent and the Dow Jones Industrial Average also added to its yearly gains by 0.46 percent.
- The Stoxx Europe 600 Index moved higher by 0.76 percent.
- Germany’s DAX Index jumped 0.60% percent.
- The MSCI Emerging Market Index moved higher on a volume of 146K and gained 0.86%.
Currencies
- The Dollar Spot Index gained more strength today due to the decent US CPI reading and it rose by 0.30%.
- The Euro broke its critical level of 1.13 and dropped by 0.22 percent against the dollar to $1.1293.
- The British pound recovered some of its losses as Theresa May battled in the parliament for another day. It jumped up by 0.06%
- The Japanese yen is still out of luck and dropped by 0.29 percent to 110.36 per dollar.
Bonds
- The yield on 10-year Treasuries jumped by two basis points to 2.70 percent.
- Germany’s 10-year dropped nearly a basis point to 0.13 percent.
- Britain’s 10-year yield continued to move higher and jumped by one basis point to 1.195.
Commodities
- West Texas Intermediate crude soar again today and jumped by 1.21 percent to $53.74.
- Gold moved higher as the chances of Fed increasing the interest rates aren’t changed because of the CPI number. The price popped by 0.19%.
