Markets remained positive today and mostly focused on the Chinese economic numbers. Hopes are high about the possibility of some sort of deal between the US and China.
Stocks
- The S&P 500 Index jumped on the back of the positive Chinese economic data- the Caixin economic numbers were strong. The index moved higher by 0.84 percent as of 15:13 London time, while the Nasdaq Composite Index popped more than 0.75 percent and the Dow Jones Industrial Average also climbed nearly 0.85 percent.
- The Stoxx Europe 600 continued its upward trend. This was supported by the German Retail sales number, it came better than the estimates. The benchmark moved up by 0.68 percent.
- The MSCI Emerging Market Index followed the global trend and the index moved up by 0.57 percent.
- The VIX index moved lower by 3.72 percent and VTSOXX index dropped by 3.2 percent.
Currencies
- The Dollar spot index moved lower after the poor reading of the US ISM manufacturing data. At 15:02 London time, it traded at 96.15, down by .001 percent.
- The Euro reclaimed its 1.14-mark against the dollar and moved higher by 0.16 percent to $1.1401.
- The British pound is back below the 1.33-mark, it moved lower by 0.13 percent. The high of the day was 1.3286 and low of the day was 1.3219.
Bonds
- The yield on 10-year Treasuries jumped up by two basis points to 2.74 percent.
- Germany’s 10-year yield also soar by two basis points to 0.20 percent.
- Britain’s 10-year yield jumped higher by two basis points to 1.32 percent.
Commodities
- West Texas Intermediate continued its upward trend and climbed nearly 0.47 percent.
- Gold may break the 1300 mark today and if we finish the week below the 1300-level, it would send a bearish signal. At 15:08, it traded at 1311, down by 0.33 percent.
