Recovery came to Asian markets but something tells us that the recent numbers are not going to stock for a long time as we have seen this dance before already. Europe is also recovering which is odd, considering the fact that Angela Merkel stunned the markets with her decision to leave politics in 2021.
S&P 500 futures advanced 0.6 percent.
Topix rose 1.4 percent.
Kospi gained 0.9 percent.
Hang Seng lost 0.7 percent.
MSCI Asia Pacific rose 0.5 percent.
Stoxx Europe 600 gained 0.2 percent.
FTSE 100 added 0.2 percent.
DAX surged by 0.4 percent.
MSCI Emerging market lost 0.2 percent hitting the lowest level in 20 months.
Currencies are smothered under a greenback that rose by 0.6 percent yesterday and is continuing the climb. Euro in the other hand is squished between the growing dollar and Merkel’s decision to leave. Pound retreats as well.
Dollar advanced 0.1 percent against the basket of six major currencies to the highest point in 17 months.
Euro declined 0.05 percent - $1.1368 – the weakest point in almost 3 months.
Pound lost 0.1 percent - $1.2774 – the lowest number in 10 weeks.
Oil is trying to recover, although success can only be seen with WTI, whereas Brent is still losing.
WTI crude advanced 0.07 percent - $67.09 per barrel.
Brent lost 0.23 percent extending the losses from yesterday - $77.16 per barrel.
Natural gas lost 0.38 percent - $3.19 per MMBtu.
Heating oil lost 0.11 percent - $228.18.
Gold declined 0.2 percent - $1225.2 per ounce.
Silver advanced 0.02 percent - $14.45 per ounce.
Platinum rose 0.19 percent - $833.82 per ounce.