MARKET WRAP: Stocks Moved Lower, Euro and Gold Reclaimed Victory
*Stocks failed to keep the momentum going *Gold moved higher ahead of the FOMC minutes * Sterling and Euro back in the positive territory
- The S&P 500 Index fell 0.21 percent as 15:43 London time, failed to build on the momentum from the last week.
- The Stoxx Europe 600 Index dropped 0.28 percent ahead of the ECB meeting due on Wednesday.
- Germany’s DAX Index fell 0.4 percent, breaking its five consecutive days of rally.
- The MSCI Emerging Market Index jumped 0.2 percent, touching the strongest mark in nearly eight months.
- The Dollar Spot Index slumped 0.40 percent ahead of the FOMC minutes.
- The Euro moved higher 0.5 percent to $1.1269, the highest level in almost two weeks.
- The British pound increased 0.11 percent to $1.3052.
- The Japanese yen moved higher 0.31 percent to 111.39 per dollar.
- The yield on 10-year Treasuries jumped one basis point to 2.51 percent.
- Germany’s 10-year yield dropped one basis point to 0.004 percent.
- Britain’s 10-year yield dropped one basis point to 1.104 percent.
- West Texas Intermediate crude continued its uptrend and jumped 1.76 percent to $64.18 a barrel, the strongest in five months.
- Gold reclaimed its 1300 mark and advanced 0.71 percent to $1,304 an ounce
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