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Richard's Thoughts On Big Bulls

Daily Recap

It was a fairly quiet Friday in most markets; perhaps a calm before the next storm? A stronger dollar helped Asian multinationals, thus pushing the Asia Dow up a modest 0.15%. In Europe, the negative impact of Amazon's combination with Whole Foods sent grocery shares lower; strong car sales countered this influence enough to result in the STOXX 600 moving a good 0.66% higher, with all major European exchanges in the green. Latin American markets were unchanged to lower, while Canada's TSX gained 0.31%.

Bond prices were mostly higher worldwide. Our own 10-year note yield fell infinitesimally to 2.159%. The US dollar, whose rally yesterday helped Asian shares today, reversed and finished down 0.37% at 97.11.

In the commodities, crude oil bumped up a quarter dollar to $44.71/bbl. Grains and meats were higher, while the metals were mixed. Gold finished about unchanged, as did copper; silver was down 6 cents, and ... Log in or subscribe to continue reading.


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