Strong U.S. economic data raised hopes of the Federal Reserve rate hike pushing the dollar and Treasury yields higher, while fading major indexesâ€™ rally. Oil prices fell on profit taking and gold dropped. â€¢ U.S. consumer spending, inflation data keep rate hikes on table U.S. consumer spending rose solidly in January and underlying inflation
A sharp rebound in crude prices coupled with Appleâ€™s gain lifted indexes in choppy trading. Sterling plunged to a seven-year low against the dollar on concerns Britons might vote to leave the European Union in a June referendum. Gold rose, acting as counter against risk and Treasuries ended little changed.
On the other hand, AAPL open with a significant gap, later raised 3 USD. Â Today Â the market extended losses on disappointing results from tech giants, including Apple, while longer-dated Treasuries rose. Upbeat U.S. existing home sales data lifted the dollar, while gold slid. Oil fell on swelling U.S. crude stockpiles. There is room to move