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Olympus International: Stock Market closed to a fresh record high as 2020 seems to end positively
All major indices have rose first day of December hitting fresh intraday record high following a historical rally this November.
S&P 500 and Nasdaq both rose more than 1% while the Dow is up by 0.63% after tech and financial sectors contributed big in the surged.
Progress on the coronavirus vaccine development has also added on the optimism seen in the market with investors looking ahead of the economic recovery is within reach.
· S&P 500 has rose around 40.81 points or is 1.13% higher to 3,662.44.
· The Dow Jones Industrial has also increased about 185.28 points or 0.63% to 29,823.92.
· Nasdaq Composite outperformed today's market with 156.37 points or is up by 1.28% to 12,355.11.
· The Stoxx Europe 600 Index climbed around 0.7% to 391.90.
· The MSCI All-Country World Index is up with 1.2% increased to 625.45.
US Treasury bonds together with Germany and Britain has also jumped in today's market, even though coronavirus confirmed cases continue to surge in the US and other countries.
· The yield on the benchmark 10-year Treasury note is up by 7 basis points to 0.914%.
· The yield on the 30-year Treasury bond advances about 7 basis points to 1.651%.
· Germany's 10-year yield has also rose by four basis points to -0.53%.
· Britain's 10-year yield strengthened and is up by four basis points to 0.347%.
Gold finally breaks out of gloomy red price after gaining back some of its losses but crude oil continues to drop.
· Gold appreciates with 34.13 points increased or is up by 1.88% to $1,811.51 an ounce.
· Silver is also up by 1.20 points or 5.03 to $23.81 an ounce.
· West Texas Intermediate Crude is still down with less than 1-point loss or is 1.74% lower to $44.55 per barrel.
· Brent crude dropped about 0.46 point or less than 1% down to $47.42 per barrel.
Currencies rallied mixed and some ended up higher but DXY slightly fell as today trades closed.
· US Dollar Currency Index is slightly down by less than a point to 91.313 per dollar.
· The Japanese yen has no visible change to 104.30 per dollar.
· The euro advances about 1.2% to $1.2075.
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