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Another Change of Direction

Daily Recap

Stock markets were in a good mood today, with almost every index and average registering gains worldwide.  And without the enormous volatility as before, mostly.  The Asia Dow rose 0.63% and the STOXX 600 jumped 1.05%; in the Americas, Mexico's Bolsa led on the upside, gaining 1.22%, probably helped by Trump's comments about possibly not placing tariffs on that country's goods.  Canadian shares were modestly higher; Brazilian stocks were the rare exception today, down 0.68%.

Government bonds were mostly higher today.  In the US, the 10-year note gained 6/32, dropping its yield to 2.86%.  The US dollar had a good bump, up 0.58% to 90.12.  

Commodity markets were mixed, with metals and crude oil lower.  Gold fell $4/oz., while silver and platinum were unchanged.  But copper was down a big 1.73%, and crude oil nearly matched it, down 1.44%.  Mining and metals shares were slammed over tariff fears, but precious metals firms ... Log in or subscribe to continue reading.

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