Trump’s trade war has pushed investors back in the safe haven trade. *Dollar drops while gold makes a new high for this month
Stocks
- The S&P 500 Index dropped 0.59 percent as of 15:30 in London. This is despite the fact that the US consumer confidence data came in much stronger
- The Stoxx Europe 600 Index fell 0.53 percent while the FTSE declined 0.57 percent.
- The MSCI EM Index fell 0.22 percent.
Currencies
- The Dollar Spot Index dropped 0.16 percent after some soft ISM manufacturing data, it came in at 52.6 vs Est 53.
- The Euro recovered some of its losses today and moved higher by 0.34 percent to $1.199. The move supported by the improvement in the italain manufacturing PMI.
- The Japanese yen gained 0.40 percent to 111.34 per dollar.
- The British pound has moved back above the 1.30 and gained 0.78 percent to $1.3034.
Bonds
- The yield on 10-year Treasuries moved lower by one basis points to 2.51 percent.
- Germany’s 10-year yield was unchanged at -0.01 percent.
- Britain’s 10-year yield gained three basis point to 1.19 percent.
Commodities
- Crude oil gained 0.12 percent to $65.91 a barrel.
- Gold moved higher by 0.24 percent to $1,282 an ounce.
