MSCI’s all-country equity index gained only 0.11% to 846.80 but narrowed a 0.3% decline in the week. Furthermore, we saw France’s CAC 40 and Germany’s DAX increased approximately by 0.4% adding to DAX’s record levels. Trading in the U.S had been subdued as the Dow lost 0.29%.
Currency and Bond Markets
The U.S Dollar Index undershot 0.28% to 100.37 but continued its weekly gains versus yen, euro, and Swiss franc. The 10-year yield increased slightly to 4.386%, against 3.887% for the 2-year.
Cryptocurrency Performance
Bitcoin topped digital assets in overtaking its market peers, settling at $103,224 after a 0.58% appreciation for a day . its highest since January and four consecutive days of gains. The cryptocurrency Ethereum did very well, rising 6.7% and ending at $2,493. Investors cited uncertainty in normal assets and anticipations of future interest cuts as a justification of the said positive development.
Commodities Movement
WTI futures gains 1.85% to close the day at $61.02 and Brent at $63.91 up 1. Gold also rallied, gaining 0.67% for the day and ended at $3,327.53 per ounce. Falling dollar and the fact that there are expectations that a reduction in trade tensions may stimulate global demand was beneficial to both commodities.
