HomeContributorsFundamental AnalysisMARKET WRAP: Earnings Pushed Stocks Higher; Sterling Had A Volatile Session

MARKET WRAP: Earnings Pushed Stocks Higher; Sterling Had A Volatile Session

*Brexit could be back to square one, Parliament to Vote on Deal *Q3 earning season paints a positive picture

Stocks

  • The S&P 500 jumped 0.42% as of 15:37 London Time. S&P500 index was the leading the gains today among NASDAQ and the Dow.
  • The Stoxx Europe 600 Index increased by 0.19%, the move was led by the health care sector, it moved higher by 1.57%.
  • The SPX VIX index jumped 0.58% and the VSTOXX also increased by 0.19%.
  • The UK 100 index rose 0.58% and made a high of 7237

Currencies

  • The  Dollar Spot Index dropped by -0.37% and made a low of 98.72. The US Philly Fed numbers were soft with a reading of 5.6 against the forecast of 7.3.
  • The Euro gained 0.33% against the dollar. This is despite the fact that the Italian trade balance data dropped to 2.59Be German CPI matched the forecast of 0.0%.
  • The British Pound spiked 0.14% on the back of news that a possible deal is on the table.
  • The Japanese yen gained 0.08% to 108.53 per dollar.

 Commodities

  • West Texas Intermediate crude oil increased by 0.49% and made a low of 52.62.
  • Gold futures jumped by 0.24% and it made a low of $1,483.
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