Those following the situation in the world markets for sure noticed the down-looking behavior of Asian and European segments of the market. We are talking about losses that wiped all of the growth that might have happened n the certain indices and stocks throughout the entire year. We are looking straight towards bear markets art this point.
S&P 500 futures added 0.4 percent.
Topix declined 3.1 percent and reached to the weakest point since September 2017.
Kospi lost 2.1 percent.
MSCI Asia Pacific declined 2.2 percent. Overall drop of the index in 2018 is now adding up to 20 percent.
Shanghai Composite decreased 1.2 percent.
Nikkei 225 Stock Average declined 3.7 percent.
Hang Seng shed 2 percent.
Stoxx Europe 600 grew less than 0.05 percent.
MSCI All-Country World lost 1.4 percent, reaching the lowest point in 14 months.
MSCI Emergency Market declined 0.9 percent.
After having reached the highest point in a year yesterday greenback has retreated taking its counterparts higher. Although we all are waiting for a recovery for the greenback, it is a pleasure to see euro and pound this high.
Dollar lost 0.1 percent against the basket of six major peers.
Euro grew 0.1 percent - $1.1408 per dollar.
Pound rose 0.2 percent - $1.2902.
Oil was so disappointing yesterday as well as early in the trading this morning, but right now we can finally see the recovery in the segment in the market. The good news here is the fact that growing oil and growing gold are nor trying to knock each other down with greenback being lower.
WTI oil recovered 0.58 percent of its position - $67.21 per barrel.
Brent advanced 0.53 percent - $76.57.
Natural gas rose 0.98 percent - $3.20 per MMBtu.
Heating oil added 0.36 to its gallon price - $226.03.
Gold is up 0.54 percent - $1237.8 per ounce.
Silber grew 0.67 percent - $14.78.
Platinum advanced 0.15 percent - $831.39.