After a staggering days of decline in the market, oil price suddenly jump back to almost half of its price lost late Tuesday. The oil market is doing its best to cope up even though it is facing a lot of problems due to oversupply and shortage of warehouse for storage.
After two days of loss of stocks in the U.S., the market closed a bit higher today. The increase came from the positivity cause by the Senate’s additional stimulus measures and the unexpected rebound of the oil prices.
Gold gained another increase today closing its price by 1.8% higher to $1,718.30 per ounce.
Currencies worldwide made a few gains today. Japanese yen strengthened 0.1% to 107.70 per dollar, British pound increased 0.3% to $1.2319 but Euro fell 0.4% to $1.0817. The U.S. Dollar Index (DXY) rose by 0.13% to $100.35.
Yields on Bonds/Treasuries however decreased. The yield on two-year Treasuries gained one basis point to 0.21%, while the yield on 10-year Treasuries rose five basis points to 0.61%, the biggest advance in a week.. Even yields on the global market have dropped too.
For now, browse and click more on Redwood Capital Management Limited to know more about what we can offer for your financial needs.