*The final piece of the puzzle has confirmed the current sluggish narrative about the US economic growth *Gold climbed above 1,500 (as we said yesterday ) * Sterling back above 1.23 against the dollar
Stocks
- The S&P 500 Index plunged again after the US ISM non-manufacturing data (actual 52.6 forecasts 55.1). The index decreased by 0.94% as of 15:25 London time.
- The Stoxx Europe 600 Index dropped 0.52%. The move was led by the energy sector.
- The UK FTSE 100 had its worst one day plunge since 2016. The index dropped further by -1.39%.
Currencies
- The Dollar Spot Index eased off from its recent highs and dropped 0.33%.
- The Euro moved higher mainly due to the dollar weakness. It gained 0.23% and made a high of 1.099.
- The British pound gained its strength on hopes that Boris could win Parliament today. The currency jumped 0.74%.
- The Japanese yen moved higher by 0.42% to 107.30.
Bonds
- The Yield on 10-year Treasuries dropped by seven basis points to 1.52%.
- Britain’s 10-year yield jumped to 0.46%.
Commodities
- West Texas Intermediate decreased due to recession concerns. It dropped 2.50%
- Gold continued to experience more inflow and soared by 0.77%.
