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Enigmatic Bond Moves and Constitutional Crises

Daily Recap

As last night's presidential debate did little to alter the political picture, markets similarly found little to excite them today.  Europe's ECB announced no changes for now, but left the door open for action in December.  European shares finished mostly higher, led by the banks.

Oil prices dipped 2%, after recently recording 15-month highs.  Precious metals similarly sold off, with gold down $3, silver down 16 cents, and platinum $10 lower.   Mining shares were off just modestly.

Bond prices were mixed today, up a little or down a little depending on maturity dates.  The US dollar gained ground again, with the index now at 98.32.

In earnings news, today brought little new, though overall the 3rd quarter shows better than expected earnings.  Unemployment news was neutral, as the 260,000 filing for benefits was close to the expected number.  

The Dow Industrials sold off at the end of the day, finishing down 40 points.  The ... Log in or subscribe to continue reading.


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