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Storms: Virtual and Otherwise

Daily Recap

Stocks mostly built on yesterday's gains, as concerns about N. Korea and the damage from Hurricane Irma faded further into the background. Government bonds, which had been beneficiaries of fears about those two issues, gave back a goodly chunk of gains from the last couple of weeks. Is their developing bull market still intact? As always, time will tell.

 

Asian exchanges finished higher on the backs of NY's big gains yesterday; the Asia Dow added 0.25%, with all major countries' markets in the green. European bourses were similarly positive, as the STOXX 600 gained 0.52%. The US dollar was a no-show today, its index finishing at 91.92 - up 0.01%. 

 

Precious metals were mostly higher, regaining a chunk of yesterday's losses. Gold rose by $4, silver by 9 cents, while platinum fell a buck. The mining shares bounced as well, with XAU up 0.6% and GDXJ up 1.1%. 

 

Fixed income securities were ... Log in or subscribe to continue reading.


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