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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 16, 2017
Fresh records for US stocks on oil highs

Yellen predicts consumer inflation will pick up

S&P rose to new heights as copper and oil drove a commodity index to a half year high. In the meantime Janet Yellen the gradual rate increases won’t be inhibited by the soft inflation.

 

Here’s the most important among stocks:

S&P 500 added 0.2% at the close in New York.

Stoxx Europe 600 was little changed.

IBEX fell 0.8%.

MSCI Emerging Markets added 0.5% to the highest in 6 years.

 

The bull session transferred to currencies where risk reigned supreme:

The dollar gained 0.2% vs. developed market peers.

The euro lost 0.2% to $1.1792.

The pound dropped 0.3% to $1.3249, the first retreat in a week.

The yen slipped 0.3% to 112.16 per dollar.

 

Just as with commodities – havens stalled:

WTI gained 0.8% to $51.86 a barrel.

Gold slumped 0.7% to $1,294.40 an ounce.

Copper jumped 3.4% to $3.239 a pound, the highest in three years.