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Relativity

Daily Recap

Stocks started off on the plus side today in the US, and just kept going. Slapping tariffs on China didn't bother anyone, while the consensus grew that the Italian mess wasn't that important after all. Oil prices rebounded on a "never mind" from OPEC and Russia about boosting production; that gave energy shares what they needed to lead the market higher.

Asian shares took a big hit, catching up to the US downdraft from yesterday, and worried about a possible trade war. The Asia Dow fell a hefty 1 1/2%, led by Chinese shares that lost an even heftier 2 1/2%. But Europe caught a case of the "what, me worries?" when the Italian market regained 2%, sending the STOXX 600 up 0.27%. Canadian, Mexican, and Brazilian shares all gained moderately, though Chilean shares fell 0.3%.

Bond prices dipped after a week of solid gains on profit taking and the old "risk-on!" ... Log in or subscribe to continue reading.


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