The Nikkei above 30000, 30 years later

New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the 1st time since 1990. The reflation trade continues to rule financial markets with the US 10 years up above 1.2%, a 12-month high, a move amplified by the sharp rise in oil prices, likely due to extreme cold weather conditions in Texas. The USD is weakening and the EUR/USD is now trading around 1.2140.

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