The greenback edges higher
The good earnings reports from many US manufacturers pushed the Dow Jones to a new height. At the same time criticism of President Trump from members of the Republican party complicated the process of implementing tax cuts.
Here’s what caught our eye among stocks:
S&P 500 Index gained 0.16% in New York; the Dow sprung 0.72% to a record high, scoring its biggest gain in six weeks.
Stoxx Europe 600 fell 0.36%.
FTSE 100 increased less than 0.05%.
DAX added 0.08%.
MSCI Emerging Markets dropped 0.24%.
A mildly intensive session for the FX market:
The dollar added 0.3% to the highest in almost 15 weeks.
The euro gained 0.1% to $1.1761.
The British pound dropped 0.5% to $1.3125.
Commodities had a wild ride, though:
Gold fell 0.4% to $1,276.64 an ounce, the lowest in more than two weeks.
WTI crude added a full percent to $52.44 a barrel, the biggest in four weeks.
LME zinc jumped 1.5% to $3,177 per metric ton, the biggest in a week.
LME copper gained 0.4% to $7,035.50 per metric ton.