Stocks once again headed higher in Asia, Europe, and the US, joined by interest rates and crude oil prices. The Asia Dow added 0.43%, encouraged by BOJ news that confirms a strengthening Japanese economy. Europe was also strong, the STOXX 600 gaining an equal 0.43%, with all major exchanges finishing on the upside. Latin American shares bucked the trend, led by a 0.80% decline in Mexican shares.
Crude oil had a gangbuster day on the upside, despite a report of increased US supplies expected in 2018 and 2019. Oil finished at $62.92/bbl., up 2%. Other commodities were mostly higher as well, excepting the precious metals. Gold fell $6/oz., silver lost 14 cents, and platinum gave up $4. Copper was also down, losing 0.38%. The mining shares naturally gave ground, and XAU fell by 1.5% to 84.95.
A notable loser today was the fixed-income sector, where the BOJ's reduction in bond buying sent ... Log in or subscribe to continue reading.