Right now is a particularly strategic time to include commodities in your asset allocation mix. CME Group is the world's leading and most diverse derivatives marketplace.
The comments came after Steven Mnuchin called a crisis meeting with financial regulators , who reportedly told the Treasury secretary that nothing was out of ordinary in the markets. Traders also assessed the threat to the economy from a government shutdown that looks set to persist into the new year. The tumult in Washington over the weekend did little to placate U.
Combined with the ongoing trade war, higher borrowing costs and signs of a slowdown in global growth, the political turmoil has raised the specter of a recession.
Oil dropped even as some OPEC members pledged to deepen output cuts. The euro advanced against the dollar. The Nasdaq Composite Index dropped 2. The Stoxx Europe Index dipped 0. The Bloomberg Dollar Spot Index dipped 0. The euro climbed 0. The Japanese yen jumped 0. The yield on year Treasuries fell three basis points to 2. The two-year rate lost four basis points to 2.
The Bloomberg Commodity Index decreased 1. West Texas Intermediate crude dipped 3. The euro rose 0. The Japanese yen jumped 0. The British pound rose less than 0. The Bloomberg Commodity Index decreased 0. Crude oil fell 2. LME copper jumped 0. Vildana Hajric and Eddie van der Walt.
Currencies The Canadian dollar closed off 0. Commodities The Bloomberg Commodity Index decreased 0. CEOs say the economy is still doing well enough despite recent turmoil in markets. And discovered two new oilfields. The bank loan is one of the largest provided to a private company in the cannabis industry by top-tier banks. It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.