Risk appetite has rebounded significantly in the past few days but what are the drivers. The rally (or should that be short squeeze) in the oil price continues, with WTI now up over 18% off its lows and Brent Crude well over 20% higher (and in official bull market territory). Also with the new Greek government finding a few allies across Europe (notably France) in its quest for renegotiation of its debt, but also coming up with a plan that avoids haircuts for its bondholders, the market has responded well. Both of these factors have contributed to the improvement in sentiment with equity markets rebounding strongly ... (full story)