Global stocks gained and volatility receded as the prospect of war between the U.S. and North Korea appeared to cool. Havens such as gold, Treasuries and the yen fell. Oil retreated.
U.S. stock were broadly higher, with the S&P 500 Index gaining the most since April and the Dow Jones Industrial Average and Nasdaq Composite Index also rising. Volatility was in retreat, as the CBOE Volatility Index fell below 12.5 after topping 16 on Aug. 10. The Stoxx Europe 600 Index headed for its first gain in four days, tracking increases across markets including South Korea, Australia and Hong Kong. Most European government bonds followed Treasuries lower. Bitcoin posted yet another surge.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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