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Celebrating the 50th Anniversary of the Summer of Love

Daily Recap

World equity markets were mostly red today, and not just because of summer sunburns or angst over N. Korea. In Asia, Korean stocks were basically unchanged and sitting at pre-ICBM launch levels. Other markets were mostly lower, with the Asia Dow losing 0.16%. European shares, as the G-20 meetings and major protests get under way (estimate: 100,000 leftist protesters), were lower, the STOXX 600 shedding 0.67%. All four of the largest American exchanges, excepting the US, were lower as well; Brazil dropped the most – down 1.18%.

 

Bonds had a tough day as well. The 10-year German bond closed with its highest yield of the year, 0.566%, down almost a full point. The US 10-year yields 2.364% and the 30-year bond lost a full point to yield 2.898%. 

 

The US dollar index lost ground as the euro and pound edged higher; it closed at 95.81, down 0.44%. Crude oil gained a bit, ... Log in or subscribe to continue reading.


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