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Richard’s Thoughts on Real Estate

Daily Recap

China retaliated against President Trump's proposed tariff increases, keeping the trade war fires lit and foreign markets cautious.  Asian markets are the most affected, and today the Asia Dow fell 0.24%.  In Europe, the STOXX 600 gained 0.65% with rallies in all major markets.  Latin American exchanges were similarly positive, while Canadian shares were only marginally higher.

Fixed income markets gained again (except for feckless Italy).  A good boost in bids for the US 10-year note dropped its yield to 2.953%.  The US dollar lost ground to most of its competitors, the euro excepted, sending the WSJ dollar index down 0.12% but keeping the more widely followed US dollar index unchanged on the day.  

The indecisive precious metals had an up day, as gold gained $6, silver 12 cents, and platinum $10.  The miners fared better too, as XAU finished with a 1% gain, closing the week out at 76.20.  Copper and ... Log in or subscribe to continue reading.


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