Monday, stocks changed little in Asia, moved up 0.3% in Europe, and gained 0.6% in the U.S. on strong volume as investors celebrated temporary resolution of the U.S. government shutdown. Major indices again broke record closing highs. The 10-Year U.S. Treasury Bond yield gained 1%, to close at 2.66. Based on three Internet domain name registrations, speculation is increasing that Amazon may enter the cryptocurrency business. That could be interesting. Cryptocurrencies fell about 20% for the day.
Tuesday, stocks in Asia shot up 1.2%, while in Europe and the U.S. they closed little changed on strong volume. The NASDAQ did ramp up on a strong earnings from Netflix. Wednesday, stocks gained 0.3% in Asia, fell 0.5% in Europe, and rose 0.3% in the U.S on high volume. The VXO moved up 9% to close at 11.36 while precious metals and their miners gained 2% on dollar weakness prompted by Treasury Secretary Mnuchin’s comments. Crypto currencies also advanced.
Thursday, stocks fell 0.4% in Asia, 0.6% in Europe, and closed little changed in the U.S. on strong volume. Precious metals gained 1% while their miners rose twice that amount. Friday, stocks rose in Asia 0.4%, in Europe 0.5%, and in the U.S. 0.9% on strong volume. Of course, major stock indices again logged record closing highs.