HomeContributorsFundamental AnalysisMARKET WRAP: Facebook Comes Up With Its Crypcurrency

MARKET WRAP: Facebook Comes Up With Its Crypcurrency

*LIBRA is here, a new crypcurrency by Facebook *ECB takes a dovish stance

Stocks

  • The S&P 500 Index is back in the green, at least for now and rose 1.% as of 15:22 London time, while the Nasdaq Composite Index, the lagging index, jumped 1.78% and the Dow Jones Industrial Average soared 1.3%.
  • The Stoxx Europe 600 jumped higher because of the dovish stance by the ECB’s president, Mario Draghi. It rose 1.64%.
  • The MSCI Emerging Market Index followed global markets and jumped 0.7%.

Currencies

  • The Bloomberg Dollar Spot Index looks strong as the Fed started their two day monetary policy decision and gained nearly 0.18%.
  • The Euro took the nose dive today and lost nearly 0.37% to $1.1185,.
  • The British pound is still holding the 1.25 mark but down by 0.28% to $1.2522.

Bonds

  • The yield on 10-year Treasuries fell 3 basis points to 2.06%.
  • Germany’s 10-year yield plunged 8 basis points to negative 0.32%.

Commodities

  • West Texas Intermediate rose 0.9% to $53.57 a barrel.
  • Gold held some minor gains and was up 0.23% to $1,345 an ounce
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