Equity markets had an overall positive tone today, with the Global Dow gaining 0.60%. The Asia Dow reflected mixed markets, ending down a tiny 0.03%. European markets were decidedly more bullish, and the STOXX 600 ended with a 0.69% gain; that sentiment rolled over to US markets, which opened on the upside.
Shares traded here with a bullish undertone all day, though they scaled back gains following a mixed report from the latest FOMC meeting and the news that President Trump was disbanding his business advisory panels. That hurt the US dollar as well, turning it negative on the day. The dollar index finished at 93.52, down 0.32% and basically returning yesterday's gains.
A weaker dollar helped gold, which rallied strongly - up $11 or 0.84%. Silver was up 48 big cents, and platinum added $17 - again sort of reversing yesterday's action. XAU rose a healthy 2.38 to 84.59.
Bonds had a good ... Log in or subscribe to continue reading.
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