*Queen HM approves government’s request to suspend the parliament *Sterling dropped over 1% *Inverted yields stroke recession fears again; German 30-years dropped to -0.70%
Stocks
- The S&P 500 Index fell sharply on the back of recession fears. The index dropped over 0.07% of 15:30 London time.
- The Stoxx Europe 600 Index dropped 0.51%, the index has lost nearly 2.5% so far this month.
- The UK FTSE is still poised to record the worst month since 2015. It recovered some of the losses due to weakness in sterling. The index gained 0.02% today.
Currencies
- The Dollar Spot Index soared 0.21%. Investors are hopeful for more QE from the FED in the form of interest rate cuts.
- The Euro dropped 0.14% and made a low of 1.1074. German recession fears are hunting the currency.
- The British pound plunged 0.90% and made a low of 1.2157. Boris Johnson is serious about no deal Brexit plan and this has made investors nervous.
- The Japanese yen moved lower by 0.14% to 105.88.
Bonds
- The Yield on 10-year Treasuries fell by six basis points and moved to 1.466%.
- Britain’s 10-year yield dropped to 0.44%.
Commodities
- West Texas Intermediate crude rose for the second data ahead of the crude inventory, the WTI made a high of 56.53.
- Gold didn’t see much inflow today despite equity sell off. The precious metal lost 0.031% of its value and made a low of 1532.
