Trading news

Treasuries Surge With Gold, Dollar as U.S. Stocks Edge Higher

A cautious tone spread through financial markets as the last full trading week in 2016 began.

U.S. stocks ended the session higher after twice paring gains amid incidents in Turkey and Germany that raised geopolitical concerns. Treasuries rose the most in two weeks, adding to an advance after Berlin police said at least nine people were killed after a truck rammed into a Christmas market. Gold advanced a second session, while the Swiss franc strengthened after Russia’s ambassador to Turkey was assassinated in Ankara. The lira fell with emerging-market stocks.

The incidents in Turkey and Germany added to a sense of geopolitical uncertainty after China on Friday seized a U.S. Naval drone and fighting escalated in Syria. Equities have struggled to add to a monthlong, post-election rally that took major U.S. benchmarks to records, with investors favouring haven trades again after a bond rout left Treasury yields at the highest since 2014. Market reactions were exacerbated Monday as volumes are thinning before the December holiday season.


· The S&P 500 rose 0.2 percent to 2,262.56 at 4 p.m. in New York, trimming a gain that reached 0.4 percent. The measure has advanced almost 6 percent since the Nov. 8 election, while the Dow Jones Industrial Average is up 8 percent.

· Trading in S&P 500 shares Monday was 23 percent below the 30-day average.

· Emerging-market stocks slipped 0.7 percent for a fourth day of losses.

· The Stoxx Europe 600 Index fell 0.1 percent, with miners leading declines. In a reversal of the recent rotation into cyclical shares, defensive stocks including utilities, real estate and technology firms rose.

· Banca Monte dei Paschi di Siena fell 11 percent after the lender said it will begin selling shares to institutional investors this week as it aims to complete raising 5 billion euros ($5.2 billion) by the end of the year to avoid a rescue by the Italian government.


· The dollar declined 1 percent to 116.72 yen, after gaining for the past six weeks.

· A broader Bloomberg gauge of the dollar rose 0.1 percent as it heads for a rally of more than 7 percent this quarter.

· The Swiss franc strengthened 0.4 percent to 1.06838 per euro.


· Yields on 10-year Treasury notes lost six basis points to 2.53 percent after touching the highest level since September 2014 on Thursday.

· German bonds lost seven basis points to 0.24 percent, while the yield on Spanish 10-year securities fell six basis points to 1.36 percent.

· China’s 10-year sovereign yield rose five basis points to 3.40 percent. The yield surged 25 basis points last week, to 3.35 percent, as hawkish comments from the Federal Reserve and waning liquidity weighed on bond prices.


· Gold advanced for a second day as the dollar weakened. Bullion for immediate delivery rose 0.4 percent to $1,139.38 an ounce.

· Oil rose 0.4 percent to $52.11 a barrel in New York.

· Zinc fell and copper futures slumped to the lowest in four weeks after stockpiles climbed in London.

The information provided here has been produced by a third party and does not reflect the opinion of Vipro Markets. Vipro Markets has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and therefore should not be relied upon as such. The Information is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy. We advise any readers of this content to seek their own advice. Reproduction or redistribution of this information is not permitted.

Tuesday, 20 Dec, 2016 / 7:43

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under