*Yemeni rebels attached Armco’s oil well and crude price moved higher *Germany is likely to save its fiscal policy to revive growth in the country
Stocks
- The S&P 500 Index started the week on solid footing. The index soared over 0.98% of 15:30 London time.
- The Stoxx Europe 600 Index soared 0.95% after Germany announced the possibility of fiscal policy.
- The UK FTSE finally opened higher and jumped 1.04% today as rebel Tory lawmakers started to form a group against Boris Johnson.
Currencies
- The Dollar Spot Index increased by 0.06% as traders ahead of the FOMC minutes due on Wednesday.
- The Euro dropped jumped today again as investors ignored the feeble CPI reading for the Eurozone. It came in at 1.0% while the forecast was for 1.1%.
- The British crossed the critical level of 1.21 but the upward rally seems to be losing its momentum. Boris Johnson will start his travel tomorrow, his first trip to Paris to discuss Brexit.
- The Japanese yen moved lower by 0.11% to 106.50.
Bonds
- The Yield on 10-year Treasuries gained four basis points and moved to 1.5961%.
- Britain’s 10-year yield soared to 0.474%.
Commodities
- West Texas Intermediate crude gained 1.28% due to increase in geopolitical tension.
- Gold dipped below the $1,500 mark and made a low of $1,493. However, at 15:33 London time, it moved back above the $1,500.
