The correction in the stock markets is increasing its depth as stock
indices in the United States and Europe lost more than 0.5% on Monday. However,
other markets turned to be unexpectedly stable. Brent crude prices jumped by
more than 2.5%, gold prices gained more than 1.7% and returned in the wide
trading range of $1800-1880 per troy ounce. The U.S. Dollar is slightly down
despite a general rule that the Greenback should strengthen when stock markets
are falling.
So, we may witness asynchronous moves of different markets or investors
do not believe the correction would sustain.