*China is back with vengeance *The biggest fear for markets is now is the counter reaction from Donald Trump *Gold price surged above the 1500

Stocks

  • The S&P 500 Index fell sharply after China announced tariffs on US. The index dropped over 0.08% of 15:30 London time.
  • The Stoxx Europe 600 Index dropped 0.16%,  the index has lost nearly 2.1% so far this month.
  • The UK FTSE is poised to record the worst month since 2015. It lost 0.53% of its value today.

Currencies

- advertisement -
  • The Dollar Spot Index gained 0.04%. Investors are focused on Jackson Hole meeting.
  • The Euro gained 0.10% despite strong dollar ahead of the G7 meeting which is taking place the coming weekend.
  • The British pound gained 0.09% and made a high of 1.2267. The gains may be short lived as there is still no light in the Brexit tunnel.
  • The Japanese yen moved higher by 0.28% to 106.13.

Bonds

  • The Yield on 10-year Treasuries fell by four basis points and moved to 1.5706%.
  • Britain’s 10-year yield jumped to 0.508%.

Commodities

  • West Texas Intermediate crude decreased by 1.23%, the WTI made a low of 53.40.
  • Gold crossed above the $1,500 mark and made a high of $1,518.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.