Home / dollar / 2017-03-29 : GLOBAL MARKETS-Oil up after data, dollar gains as Brexit materializes

2017-03-29 : GLOBAL MARKETS-Oil up after data, dollar gains as Brexit materializes

collected by :Irax John

Emerging market stocks rose 0.09 percent.
GREENBACK GAINS FURTHER The dollar index <.DXY> gained 0.37 percent with the euro down 0.55 percent to $1.0752.
Wall Street rose on Tuesday, with the Dow snapping an eight-day losing streak after a jump in consumer data boosted hopes in a stronger U.S. economy.
The pan-European FTSEurofirst 300 index <.FTEU3> rose 0.35 percent, while MSCI’s gauge of stocks across the globe <.MIWD00000PUS> fell 0.19 percent.
“Sterling will be incredibly sensitive to (Brexit) negotiations and will offer a clear gauge of how things are panning out.

PRECIOUS-Gold ticks up as Brexit triggered, firm dollar limits gains

as informed in It also has a very stretched net long position, which is also at a two-year high,” said Commerzbank’s Fritsch.
Spot gold was up 0.05 percent at $1,252.2 an ounce by 2:27 p.m. EDT (1827 GMT).
Holdings of SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund which is considered a gauge of investment demand, reported an outflow of 1.8 tonnes on Tuesday.
Spot silver was up 0.2 percent at $18.19 per ounce, after nudging up to $18.24, the highest since March 2.
British Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, triggering years of negotiations that will test the cohesion of the European Union.

PRECIOUS-Gold ticks up as Brexit triggered, firm dollar limits gains

as informed in Emerging market stocks rose 0.09 percent.
GREENBACK GAINS FURTHERThe dollar index .DXY gained 0.37 percent with the euro down 0.55 percent to $1.0752.
“Sterling will be incredibly sensitive to (Brexit) negotiations and will offer a clear gauge of how things are panning out.
“We see (U.S.) oil prices moving toward the $50 range as being the markets driving force of the day.”
The pan-European FTSEurofirst 300 index .FTEU3 rose 0.35 percent, while MSCI’s gauge of stocks across the globe .MIWD00000PUS fell 0.19 percent.

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