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MARKET WRAP: US Stocks Closed Lower; Boris Takes Hard Stance On Brexit

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Fundamental analysis of Forex market

S&P eased from its record high while Pound plunged to multi-year low.

Stocks

  • The S&P 500 Index fell the pressure of tech heavyweights which failed to impress Wall Street. The index dropped 0.29% as of 15:19 London time; the Nasdaq 100 fell 0.89%.
  • The Stoxx Europe 600 Index remained in positive territory and index gained 0.15%.
  • The U.K.’s FTSE 100 Index surprised investors and moved higher by 1.80%.
  • The MSCI Emerging Market Index recovered 0.8%.

Currencies

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  • The Dollar Spot Index climbed above the 98 mark and increase in value by 0.06%.
  • The Euro may break the level of 1.10 against the dollar as it made a low of 1.1113 but overall, increased by 0.01%
  • The British pound pluged 1.03% to $1.2257.
  • The Japanese yen suffered more losses and lost 0.05% to 109.58 per dollar.

Bonds

  • The yield on 10-year Treasuries moved higher by one basis point to 2.05%.
  • Germany’s 10-year yield rose by one basis point to -0.12%.
  • Britain’s 10-year yield dropped by four basis points 0.641%.

Commodities

  • Gold price moved lower by 0.08% to $1,420 an ounce.
  • West Texas lost its upward momentum and moved lower by 0.16% to $56.11 a barrel.

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