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Eurozone Peripheral Bond Yields Surge amid Political and Fiscal Uncertainties

Wall Street fluctuated between gains and losses but managed to closed higher at the end of the day with DJIA and S&P 500 gaining +0.71% and +0.63% respectively. European bourses slipped across the board with the Stoxx600 index slipping around -0.6%. In the commodity sector, crude oil gained with the benchmark WTI contract rising for a 4th consecutive to 96.11 before settling at 95.52, up +1.34%, and the equivalent Brent crude contract surging to a 2-month high of 115.23 before ending the day at 114.56, up +2.31%. Safe-haven demand for gold returned with the yellow metal gaining +1.99% to 1791.1.

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Eurozone Peripheral Bond Yields Surge amid Political and Fiscal Uncertainties

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