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Here Come the Relatives

Daily Recap

US stocks continued their advance today, as some key indices attacked all-time highs.  It all started with China’s Shanghai Index, which vaulted 2.74% despite more tensions on the trade-war front.  That was the general theme worldwide: Good economic news and good earnings news “trumping” trade-war concerns. 

 

The Asia Dow registered a muted 0.55% rise, and the STOXX 600 gained a similar 0.47%, even though those indices’ component parts rallied more than that.  In the New World, Mexican shared jumped 1.25%, but Canadian shares slumped 0.80%, perhaps as a result of upsetting Saudi Arabia over human rights issues? 

 

Interest rates rose, with the 10-year US T-note now yielding 2.977% and the 30-year at 3.120%.  The US dollar and the British pound slipped today, as the euro and yen advanced.  The dollar index closed at 95.18, up 0.18%. 

 

That helped the precious metals, though anemic gold managed just a $3 gain. Silver rose 8 ... Log in or subscribe to continue reading.


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