Monday, stocks fell in Asia 0.9%, in Europe 2.3%, and in the U.S. 2.1% on low moderate volume. The VXO shot up over 13% to close at 17.78. Oil tumbled 5.6% to close below $50 per barrel while gold recaptured the 1200 level by rising 1.7% to close at $1206 per ounce while precious metals miners gained about twice that amount. Meanwhile, the 10-Year U.S Treasury Bond yield fell 4% to close at 2.39%.
Tuesday, stocks in Asia continued the worldwide decline, dropping 1.5%. Stocks declined 0.7% in Europe and 0.9% in the U.S. on low moderate volume. The 10-Year U.S Treasury Bond yield plummeted another 4% to close at 1.96% as gold miners blasted 5% higher. Wednesday, stocks in Asia closed little changed, while those in Europe rose 0.5% and in the U.S. they gained 1% on low moderate volume. The VXO fell 5% to close at 17.95. The big news was the release of the latest FOMC meeting minutes.
Thursday, stocks rose 1% in Asia, 2.9% in Europe, and 1.6% in the U.S. as the VXO plummeted 16% to close at 15.11. The 10-Year U.S Treasury Bond yield advanced 3% to close at 2.02% as gold miners fell 2%. Friday, stocks rose in Asia 0.9% but fell in Europe 1.5% and in the U.S. 0.8% on low volume. The VXO rose nearly 8% to close at 16.27 while precious metals rose about 1.5% and their miners jumped up about 5%. The 10-Year U.S Treasury Bond yield fell 2.2% to close at 1.97%. Oil continued its decline to end the week at 48.21. Despite a lot of movement, stocks changed little for the week.