*Equites back in green as US and China may resume their negotiations *Johnson faces more trouble after Scottish leader resigns *Treasuries finally edge lower; gold still holding on to its gain
Stocks
- The S&P 500 Index moved above its 100-day SMA on a daily time frame on the back of the GDP data which was bang in line with expectations. The index gained over 1.10% of 15:30 London time.
- The Stoxx Europe 600 Index jumped 1.51%, the French Preliminary GDP q/q exceeded expectations with a reading of 0.3%.
- The UK FTSE soared 76 points and gained nearly 1.09%. The gain was purely due to the spill over effect as Brexit is no short of upcoming catastrophe.
Currencies
- The Dollar Spot Index increased 0.16% for the second consecutive day. Investors didn’t pay much attention to feeble housing data.
- The Euro dropped 0.10% mainly due to the dollar strength and also because of the fragile German CPI number. It came in at -0.2% against the forecast of -0.1%.
- The British pound continued to move lower and plunged 0.29% today.
- The Japanese yen moved lower by 0.40% to 106.39.
Bonds
- The Yield on 10-year Treasuries soared by three basis points to 1.5130%.
- Britain’s 10-year yield jumped to 0.446%.
Commodities
- West Texas Intermediate crude rose on trade optimism and also due to the crude inventory data. The price ranged from $56.57 to $55.43.
- Gold stayed above yesterday’s low 1,532 but failed to break the August 26th high of 1,555. The precious metal gained 0.31% of 15:40 London time.
