Optimism after the PMIs and before the Fed & corporate earnings

After a turbulent week, during which it focused on problems linked to vaccines and the catastrophic surge in the pandemic in India, the market seems calmer after the release of very encouraging PMI reports and ahead of a Fed meeting this week as well as corporate earnings that are expected to be good, especially for the tech sector. US equities were strongly on the rise on Friday, bond yields are edging up and the USD keeps on weakening: the EUR/USD exchange rate is now trading above 1.21.

composite PMI
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