Markets remained uncertain due to the heightened geopolitical tensions. Investors took profit off the table and risk off assets such as VIX moved higher by nearly 5 percent
Stocks
- The S&P 500 Index failed to keep its upward momentum as investors were wary of geopolitical tensions in Asia. The index moved lower by 0.53 percent as of 15:23 London time, while the Nasdaq Composite Index dropped more than 0.75 percent and the Dow Jones Industrial Average also fell nearly 0.55 percent.
- The Stoxx Europe 600 continued its downward move and fell by 0.26 percent.
- The MSCI Emerging Market Index was under the influence of global factors which pushed the index lower by 0.4 percent, the second drop in seven sessions.
- The VIX index moved higher by 5.14 percent and VTSOXX index soared by 3.3 percent
Currencies
- The Dollar spot index remains under the selling pressure ahead of GDP data which is due tomorrow. At 15:27 London time, it jumped a little higher by 0.8 percent.
- The Euro still maintained its 1.13-mark against the dollar and moved higher by 0.2 percent to $1.1382.
- The British pound is back in the game and moved higher by 0.54 percent. The high of the day was 1.3336 and low of the day was 1.3233.
Bonds
- The yield on 10-year Treasuries jumped up by three basis points to 2.66 percent.
- Germany’s 10-year yield also soar by two basis point to 0.13 percent.
- Britain’s 10-year yield jumped higher by three basis point to 1.19 percent.
Commodities
- West Texas Intermediate recovered some of its losses from yesterday and climbed nearly 1.64 percent.
- Gold dropped today as the Fed’s chairman’s started to deliver his statement. It moved lower by 0.23 percent to $1,322 an ounce.
