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Deregulation: SAD?

Daily Recap

Stock markets were mostly quiet today, still digesting Friday's big move and the myriad developments in Trump's new America. Asian exchanges were mostly lower, while in Europe Britain and Germany markets finished higher, and France's was lower. 

 

Features today included concern over a possible interest rate increase this month, an increase in US shale production that sent oil lower, and the highest US trade deficit in 4 years. Additionally, earnings are still in the limelight, and have been mostly positive. Bonds rallied moderately, with the 10-year T-note yield closing at 2.388%. Higher interest rates helped the US dollar; its index finished at 100.35, up 0.42. Oil prices finished lower, at $52.19.

 

In New York, the Dow gained 37 points after making new all-time highs earlier. Both the S&P 500 and NASDAQ closed higher as well, with the S&P being the weakest of the three. In precious metals, gold finished $3 lower ... Log in or subscribe to continue reading.


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