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S&P 500 Swings Gain Momentum

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WORLD HEADLINES – Global stocks jumped higher on Thursday as investors responded to signs of an easing of Sino-U.S. trade tensions by dipping back into riskier assets.

STOCKS – The S&P 500 posted the 26th move of 1% or more this year, triple the total in 2017.

BONDS – The yield on 10-year Treasuries gained two basis points to 2.83 percent, the highest in more than a week.

COMMODITIES – Gold dipped 0.4 percent to $1,327.40 an ounce. West Texas Intermediate crude declined less than 0.05 percent to $63.35 a barrel.

CURRENCIES – The Australian dollar decreased 0.4 percent, the largest dip in more than a week.

ECONOMIC DATA – US Unemployment Claims and CAD Trade Balance due at 8:30, Natural Gas Storage at 10:30 ET.

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