Crude rally slows, US yields and the dollar fall, but risks prevail. | MarketTalk: What’s up today? | Swissquote
The reaction rally in oil is easing, with the barrel of crude settling around $86pb this morning. Brent crude remains offered near the 50-DMA, near $88pb level. Upside risks prevail.
Safe haven assets and oil companies amassed important capital inflows on Monday. Exxon Mobil jumped 3.5% and rally in oil stocks helped the British FTSE 100 limit gains in an otherwise depressive European trading session. Gold hit $1860 per ounce, as the US 10-year yield fell by a big chunk, around 18bp, on the back of increased inflows into the ten-year papers. The 2-year yield slipped below the 5% mark...