In a rush? Here’s the key takeaway
- Stocks drifted a little as bonds rallied and oil markets stalled. That could be important. At the close the S&P 500 was down 0.2% at 2,731.
- The USD continues to march higher and is at 96.39 in DXY with the Euro and GBP a little lower as Donald Tusk says there is a ‘special place in hell’ for the Brexiteers who tipped the UK into this mess without a plan.
- And of course the Aussie dollars woes continued in European and US trade both against the USD and on the crosses as traders bet the chance of a rate cut is real given the housing price falls.