China, China, China… The Sleeping Giant No More!
Yesterday's gangbuster day for US stocks elicited little more than a yawn from foreign markets, which were up very modestly. Signs of greater growth in the Chinese market sent its bank and tech stocks higher, which was enough to counter a lower NIKKEI and boost the Asia Dow a mighty 0.09%. A fourth day of lower prices on the FTSE was more than offset by robust German share prices, which led the STOXX 600 to a 0.25% gain.
Governments were mixed around the world, but decidedly lower in the US. The result was essentially tying the highest yield in three years for the 10-year Treasury, at 2.62%. Oddly, that didn't help the US dollar, which closed down 0.43% at 90.53.
The metals had rather a "mehhh" day. Gold lost fifty cents, silver fell a nickel, while platinum gained 2 bucks and copper added almost 2 cents. XAU didn't like the action there or in ... Log in or subscribe to continue reading.
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