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Partnerships, Trade and Currencies

Daily Recap

Today was rather featureless for stocks. Asian exchanges were quietly mixed, the Asia Dow falling a mere 0.03%. European shares did about the same, as the Europe Dow rose 0.52% while the STOXX 600 fell 0.13%. The Global Dow lost 0.12%, which pretty much matches the experience in US stocks (down slightly). The biggest trend was in Latin American share prices, with the three largest markets each down 1% or more.

 

Crude oil was another big loser, falling another 2% to $48.23 on renewed concerns over supply issues. Precious metals, benefiting from a lower dollar, went the other direction, however. The dollar index fell 0.41% to 97.04. Gold was up $5, platinum up $10, though silver did not follow, and instead fell 7 cents/oz. Mining shares were about unchanged, with XAU closing at 83.40. 

 

Quieter than just about anything else, fixed income traded at about unchanged − near the top of ... Log in or subscribe to continue reading.


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