*Stocks recover some of their weekly losses after a tumultuous week *European bond yields continued to decline
Stocks
- The S&P 500 Index recovered after suffering heavy losses during this week. The index soared over 0.47% of 15:15 London time.
- The Stoxx Europe 600 Index led the recovery in Europe. The index gained 1.04%.
- The UK FTSE finally opened after 30 minutes delay due to a technical glitch. It made a high of 7,067 and gained 0.39%.
Currencies
- The Dollar Spot Index gained 0.51% as traders reacted to better than expected building permit data.
- The Euro dropped again and remained below the 1.11. The low of the day was 1.1066 and it dropped 0.23%.
- The British pound continued its bull rally. Investors are hopeful that no-deal Brexit will not see the daylight. The pair gained 0.40% of its value.
- The Japanese yen moved lower by 0.20% to 106.32.
Bonds
- The Yield on 10-year Treasuries gained eight basis points and moved to 1.5555%.
- Britain’s 10-year yield soared to 0.465%.
Commodities
- West Texas Intermediate crude lost another 0.22%. The risk on confidence in the equity space had no impact here.
- Gold continued to remain the safe haven trade. However, it lost some its shine today and dropped by 0.48%.
