Crude maintained its gain while gold price soared ahead of the GDP data *No major moves in the equity market because of some major events.

Stocks

  • The S&P 500 Index has traded slightly higher to kick start a new week. As of 15:22 London time, the index was up by 0.18%.
  • The Stoxx Europe 600 Index jumped 0.01% as traders prepare themselves for heavy bank earning week
  • The UK FTSE 100 index remained muted as the selection of the Prime Minister process continues. Boris Johnson is likely to take the position which may trigger an initial upward move for the index.

Currencies

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  • The Dollar Spot Index traded above the 97 mark as traders await the upcoming US GDP data. The index increased by 0.09% to 97.24
  • The Euro moved lower ahead of the ECB monetary policy decision which is due on Thursday. It is widely expected that the bank may cut the interest rate further.
  • The British pound may move lower tomorrow as the risk of no-deal Brexit becomes more real if Boris becomes the Prime Minister of the UK. The currency traded lower today by nearly 0.19%.
  • The Japanese yen dropped 0.21% to 107.94 per dollar.

Bonds

  • The Yield on 10-year Treasuries dropped by two basis point to 2.03%.
  • Britain’s 10-year yield declined two basis point to 0.728%.

Commodities

  • West Texas Intermediate crude soared due to the geopolitical tensions. It rose 0.67% to $56.00 a barrel.
  • Gold price continued it upward move, still trading in a flag pattern on a daily time frame. It rose 0.1% to 1422.

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