Monday, stocks fell in Asia 0.9%, in Europe 1.6%, and in the U.S. 0.9% on low volume as Angela Merkel indicated that Germany would not bail out Deutsche Bank. The VXO rose 17% to close at 14.29. The 10-Year U.S. Treasury Bond yield dropped 2% to close at 1.63.
Tuesday, stocks rose in Asia 0.7%, closed nearly unchanged in Europe, and rose 0.4% in the U.S. on light volume. The VXO fell 10% to close at 12.94 while the 10-Year U.S. Treasury Bond yield slipped 2% to close at 1.56. Precious metals and their miners dropped 1%.
Wednesday, stocks retraced the previous day’s gains in Asia and fell 0.7%. They rose 0.7% in Europe, and rose 0.8% in the U.S. on light volume. The VXO rose 5% to close at 12.32. Crude oil shot up 5% to close above $47 per barrel while precious metals miners gained 2% as Saudi Arabia agreed to cut back on oil production.
Thursday, stocks rose 0.4% in Asia, closed little changed in Europe, and fell 1% in the U.S. on light volume. The VXO shot up 21% to close at 14.82. Friday, stocks lost 1.3% in Asia, closed nearly unchanged again in Europe, and rose 0.7% in the U.S. on moderate volume. The VXO fell 10% to close at 13.30 and precious metals miners lost 1%. The 10-Year U.S. Treasury Bond yield climbed 3% to close at 1.61. Here’s another article on the Deutsche Bank’s financial position.