Richard’s Thoughts on Frequently Asked Questions
Today was another slow one for US equity markets, which traded near the unchanged mark most of the day. Japanese shares were mostly higher, but Chinese shares were lower, in part based on a crackdown on speculators that hit the metals hard there. The Asia Dow lost 0.68%. European concerns over the French election this weekend have largely dissipated, and all major markets were smartly higher. The STOXX 600 was up only 0.65%, but the Europe Dow seemed more representative of what markets did, and was up 1.14%.
Crude oil rebounded somewhat, up 1.76% to $46.32. That really helped the energy stocks, up 1.3% overall. In the bond arena, yields remained about the same, with the 10-year note paying 2.35%. The US dollar index lost 0.23%, to 98.55.
Precious metals regained some ground; gold rose $1, silver rose 4 cents, but still with big losses for the week. Platinum was up $10/oz. to ... Log in or subscribe to continue reading.
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