*Euro area manufacturing data missed expectations and the ECB is likely to be more dovish tomorrow. *Gold and crude maintained their gains.
Stocks
- The S&P 500 Index failed to gain strength as both Caterpillar and Boeing came with disappointed numbers. As of 15:22 London time, the index was down by 0.16%.
- The Stoxx Europe 600 Index maintained its gains and increased by 0.04%.
- The UK FTSE 100 index didn’t show more optimism as the new Prime Minister takes control of Brexit. The index declined 0.71%
Currencies
- The Dollar Spot Index broke its four days of gain and fell by 0.08%.
- The Euro fell below the level of 1.12 and traded at 1.1143 ahead of the critical ECB monetary policy decision.
- The British pound rose 0.43% to 1.2494 and made a high of 1.2522.
- The Japanese yen moved higher by 0.11% to 108.05.
Bonds
- The Yield on 10-year Treasuries dropped by three basis point to 2.04%.
- Britain’s 10-year yield declined seven basis point to 0.68%.
Commodities
- West Texas Intermediate crude soared due to the crude inventory data. It rose 1.23% to $57.52 a barrel.
- Gold price continued to move higher, still trading in a flag pattern on a daily time frame. It rose 0.1% to 1423.
