*Fed may show more dovish hand after weak core CPI (inflation) number *Sterling made another multiyear low
Stocks
- The S&P 500 Index continued its sell off for the second day becuase of poor earning data and lost 0.37% of its value as of 15:25 London time.
- The Stoxx Europe 600 Index reacted to slowdown in the French economic numbers and dropped 1.47%.
- The UK FTSE 100 index retraced from its yesterday’s high because of Brexit fear and the index sank 0.33%
Currencies
- The Dollar Spot Index maintained its bull run and gained another 0.11%.
- The Euro moved back in positive territory but still well below the critical level of 1.12. It rose only 0.07%.
- The British pound made another multi-year low and fell 0.38% to 1.2173.
- The Japanese yen moved higher by 0.25% to 108.59.
Bonds
- The Yield on 10-year Treasuries dropped by two basis point to 2.05%.
- Britain’s 10-year yield fell to 0.63%.
Commodities
- West Texas Intermediate crude continued to build more gains today and made a high of 57.55. It rose 0.40% to $57.09 a barrel.
- Gold price surged on the back of weak US economic numbers. It rose 0.48%.
