U.S. markets showed signs of optimism Wednesday, even as as North Korean tensions continued to simmer, another hurricane tore through the Caribbean, the debt ceiling loomed and a key member of the Fed resigned.
The S&P 500 Index rose, while Treasuries edged lower and West Texas Intermediate crude traded above $49 a barrel for the first time in a month. Meanwhile, the loonie jumped to a two-year high against the U.S. dollar after Canada’s central bank raised its benchmark interest rate to 1 percent. European stocks put in their strongest showing in a week. Automakers helped spur a recovery for the Stoxx Europe 600 Index after equities slid from Hong Kong to Sydney as traders girded for a potential intercontinental ballistic missile launch by Pyongyang. The euro rose for a third day despite an unexpected decline in German factory orders.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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