Stocks Tripped Around, Growth Builds Treasuries
Global equities went down at the bottom within a month along with stocks and crude oil also plunged. On the other side of the spectrum, treasuries rushed with the dollar as evidence of wilting economic growth around the globe triggered a retreat from a more risky assets.
The S&P 500 Index went down to a long three-week low with energy shares plunging as U.S. oil went down even below $44 per barrel. Financial stocks tripped after UBS AG’s earnings missed the estimated output which lead to sending Europe’s main equity index down for a third day. Emerging- market shares was in the bottom most part in February 11, while yields on 10-year Treasury notes slipped to a two-week low. Australia’s currency fell after the central bank unpredictably went to cut the interest rates.
Gold has a great buying opportunity. Previous resistance becoming support –> https://t.co/kEN0bzNh7S pic.twitter.com/9iDPxBPC1Z
— The Capitalist (@Capitalist_Site) May 4, 2016