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Daily Recap

Daily Recap

Markets seem unfazed by the latest US primary results, which make Donald Trump seem all but unstoppable as the Republican presidential nominee in November. Yet some writers are already commenting on how his presidency -- still a very long-shot -- might affect the various markets.

 

But today was fairly positive for the most part. Asian markets were strong; Nikkei and Shanghai were both up over 4%. European markets went basically nowhere, as did US stocks, which managed to hold on to yesterday's huge gains, partly aided by a strong jobs report (214,000 new jobs created).

 

There was an interesting development in the energy sector. Crude oil prices rose, ignoring a big increase in US supplies and focusing instead on lower likely future production. For this or whatever other reasons, the energy producers ETF that we've recommended here did a big about face, and finished up on the day. This reversal looks to ... Log in or subscribe to continue reading.


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