With dovish comments from Mario Draghi, sentiment on the equity markets has turned around again. The S&P 500 and the Dow both closed just under a percent higher as there was also a positive read on the US New Home Sales. Asian trading was also boosted by the news that there had been a change at the top of the Peoples’ Bank of China which was interpreted to improve the prospect of further stimulus. The Asian indices were broadly positive led by the Japanese Nikkei which was around 1.2% higher, aided by a weaker yen. The European markets however, have just started the day mildly negatively. The hints of further ... (full story)