Friday, 4 November 2016

S&P 500 falls again

Markets mostly fell on Thursday.

The S&P 500 fell 0.4 percent, an eighth consecutive decline that is its longest run of losses since 2008.

The US dollar fell against the euro and the yen while the British pound jumped 1.3 percent against the US dollar after the Bank of England said it is no longer expecting to cut interest rates this year.

The US 10-year Treasury yield rose one basis point to 1.81 percent.

Oil fell. West Texas Intermediate crude fell 1.5 percent while Brent declined 1.1 percent.

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