Trading news

US Equity Markets Plummet, GBP Gains Amid Brexit Optimism

Equity markets collapsed yesterday in in what it seems as a Déjà vu of what happened in February. Once again, market chatter suggests that the catalyst behind the bloodbath may have been the steep rally in US Treasury yields. The pound continued to gain yesterday following comments by EU Chief Negotiator Michel Barnier.

Wall Street Tumbles and Triggers a Sense of Déjà vu

The dollar traded mixed against the other G10 currencies yesterday. The commodity-linked currencies CAD, AUD and NZD stayed on the back foot, while the safe-haven JPY was the main winner, as US equity plummeted in what it seems as a Déjà vu of what happened in February.

USD performance G10 currencies

The Dow Jones and the S&P 500 experienced their worst day since the 8th of February, falling 3.11% and 3.29% respectively, while Nasdaq plummeted 4.08%, the most since Brexit. Once again, market chatter suggests that the catalyst behind...

Read the full financial markets daily report on JFD Research.

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Thursday, 11 Oct, 2018 / 7:51

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Source : https://www.jfdbrokers.com/en/research/us-equity-markets-plummet-gbp-gains-amid-brexit-optimism

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