Confidence is back on the rise
A new strong rebound in risky assets yesterday: +2.1% for the S&P 500, +3.4% for the Eurostoxx 50, the VIX plunging to 22, Brent back above $50/b……
This was to be expected: market participants are waiting for tomorrow and the parallel releases of US inflation figures as well as the ECB’s decision on bond purchases. Meanwhile, very few notable news, although bond yields have lost some basis points, the US 10y falling to a 3-month low, below 1.52%. The EUR/USD exchange rate is rather stable, slightly below 1.22. Chinese price data confirmed upward price pressures in industry. Otherwise, there are very few market movers again today.
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