HomeContributorsFundamental AnalysisMARKET WRAP: Trump’s Impeachment Drama Intensified After Ukraine’s Call Transcript

MARKET WRAP: Trump’s Impeachment Drama Intensified After Ukraine’s Call Transcript

*S&P500 dropped to session after White House released the rough transcript *Johnson likely to seek general election, Cox said

Stocks

  • The S&P 500 Index fell sharply and currently in a battle with 50-day SMA. The index dropped 0.21% as of 15:25 London time.
  • The Stoxx Europe 600 Index decreased by 1.13%. The move was powered by the financial sector, dropped more than 1.01% on the day.
  • The UK FTSE 100 dropped 0.42% as the uncertainty continues to build up. Consumer discretionary dropped the most by 1.35%

 Currencies

  • The Dollar Spot Index gained 0.51% and made a high of 98.85.
  • The Euro continued to fall and it is likely to cross the low (1.0927) formed on 12th September. The Euro dropped 0.45%.
  • The British pound moved lower by -1.01% and made a low of 1.2355.
  • The Japanese yen moved lower by 0.54% to 107.67.

Bonds

  • The Yield on 10-year Treasuries jumped by two basis point to 1.67%.
  • Britain’s 10-year yield dropped to 0.510%.

Commodities

  • West Texas Intermediate dropped after the poor crude inventory data by 2.05%.
  • Gold jumped made a high of $1,535 and room remain open for the price to reach $1,550.
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