Markets:
Gold up $39 to $3683US 10-year yields up 2.3 bps to 4.12%WTI crude oil down 84-cents to $62.73S&P 500 up 31 points to record 6664CAD leads, GBP lagsThere wasn't much for the market to digest in terms of newsflow but there were some better hints on trade as Trump sounded upbeat after the call with Xi and Canada's trade official indicated that he would soon head to the US. The latter and the rally in gold helped to make the loonie the top performer on the day.
The fallout from the Bank of Japan decision was minimal as the yen rally faded despite the market pricing in a 50/50 chance of an October rate hike. USD/JPY is on track to finish the day flat.
Equities were flat midway through trading but the dip buyers really stepped up later and that resulted in strong bids and fresh records. The S&P 500 is now up 10x from the financial crisis low and is showing scant signs of weakness. Today's leaders included:
ORCL +4.3%AMGN +3.3%AAPL +3.1%FDX +2.3% (following earnings)Intel was a laggard giving back 3% after yesterday's enormous rally.
Have a great weekend.
This article was written by Adam Button at investinglive.com.Hence then, the article about investinglive americas news wrap sec to propose rule to end quarterly reporting was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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