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The Shorter View

Daily Recap

Stocks turned in a down day today worldwide, with the most notable factor being further declines in crude oil prices. After failing to hold the key $44 level, WTIC fell to $43.34/bbl. for new 9-month lows amidst talk of prices falling into the 30s before long. For those and whatever other reasons, the Global Dow index declined 0.65% along with help from Asian (except Japanese), European and American exchanges. The STOXX 600 lost 0.70% and Brazil dropped the most in America – down 1.81%. 

 

Along with oil, most other commodity prices slipped as well, including the metals. Gold fell by $1/oz., silver by 3 cents, and platinum by $4. The gold and silver mining shares lost ground as well, as XAU held below $80 at $79.11/share.  

 

Fixed income assets were the rare winners today. 10-year T-notes gained 9/32, while the 30-year bond added a full point. The yield on 10-year notes finished ... Log in or subscribe to continue reading.


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