Despite the weak economic data out of Europe, traders pushed the European markets higher.
- The S&P 500 Index jumped 0.79 percent as of 16:00 London time, while the Nasdaq Composite Index rose 0.86 percent and the Dow Jones Industrial Average increased 0.9 percent.
- The Stoxx Europe 600 gained 1.09 percent.
- The MSCI Emerging Market Index scored 1 percent.
- The Dollar Spot Index dropped 0.09 percent, breaking its five consecutive trading days rally.
- The euro jumped 0.3 percent to $1.1220 despite the weak eurozone economic data
- The British pound jumped 0.87 percent to $1.3149 ahead of the key Brexit vote.
- The yield on 10-year Treasuries jumped three basis points to 2.47 percent.
- Germany’s 10-year yield scored two basis points to negative 0.05 percent.
- Britain’s 10-year yield rose almost one basis point to 1.01 percent.
- West Texas Intermediate increased 1.1 percent to $60.95 a barrel.
- Gold still below 1300 mark but gained 0.3 percent to $1,296 an ounce.