*Sterling spiked more than 3.85% in two days *Trade optimism moved stocks higher *Oil retraced from its highs despite oil tanker attack
Stocks
- The S&P 500 soared 1.50% as of 15:30 London Time. The index is set to close the week on a strong footing
- The Stoxx Europe 600 Index increased by 1.92%, the move was led by the information technology sector with a gain of 3.83%.
- The SPX VIX index plunged -9.56% and the VSTOXX also fell -6.63%.
- The UK 100 index rose 0.46% and made a high of 7250.
Currencies
- The Dollar Spot Index dropped by -0.44% and made a low of 98.72. The US consumer sentiment increased to 96 against the forecast of 92
- The Euro gained 0.28% against the dollar. The German CPI matched the forecast of 0.0%.
- The British Pound spiked 2.14% on the back of news that a possible deal is on the table.
- The Japanese yen dropped 0.58% to 108.53 per dollar.
Commodities
- West Texas Intermediate crude oil increased by 0.73% and made a high of 54.87.
- Gold futures plunged by 1.14% and it made a low of $1,475.
