*Trump may delay tariffs on China *Beijing may call Washington in to discuss trade war in less than 2 weeks

Stocks

  • The S&P 500 Index moved higher on hopes of China-US trade talk. The index gained over 1.63% of 15:41 London time.
  • The Stoxx Europe 600 Index dropped initially on appealing German ZEW data but recovered later. The index gained 0.95%.
  • The UK FTSE soared 0.17% and the index made a high of 7,252.

Currencies

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  • The Dollar Spot Index gained 0.31% are the US core CPI surprised with a solid number.
  • The Euro moved lower by 0.29%.and made a low of 1.1170.
  • The British pound because the unemployment rate soared. The pair lost 0.02% of its value.
  • The Japanese yen moved lower by 1.28% to 106.71.

Bonds

  • The Yield on 10-year Treasuries gained four basis point to 1.69%.
  • Britain’s 10-year yield soared to 0.51%.

Commodities

  • West Texas Intermediate crude soared 2.95% because Trump may delay tariffs on China.
  • Gold dropped tremendously today as the risk on trade took off. The metal dropped from 1535 to 1480 in less than 30 minutes. At 15:42 London time, it lost 0.70%

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