French 10‑year government yields held firm at 3.90% after Fitch decided to postpone a potential downgrade of the country’s sovereign rating. The decision helped keep market volatility in check, with the Eurozone’s benchmark 10‑year Bunds nudging higher to 0.30%.
In commodities, gold traded at $3,898.36, up $22.81 or 0.59% on the day. Silver rose to $50.260, a gain of $0.984 or 2.00%. West Texas Intermediate (WTI) crude fell to $99.76, down $4.36 or 4.19%, while Brent crude slipped to $108.72, a decline of $4.71 or 4.15%. Copper climbed to $6.5263, up $0.0443 or 0.68%, and aluminium edged up to $3,066.25, a rise of $6.55 or 0.21%. Natural gas prices increased to $2.940, up $0.042 or 1.45%.
The day’s market action reflected a cautious stance from investors, with a focus on European debt stability and a mixed backdrop of commodity price movements.