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Geopolitical Angst Eases, Helps Equities and Underpins the Greenback
Without fresh escalation, investors cannot maintain a heightened sense of geopolitical anxiety. The recovery of US shares yesterday set the tone for today's rebound in Asia and Europe. All the equity markets in the Asia Pacific region rallied today, led by a 1.6% rally in Japan and a nearly 1.4% advance in Australia, with the exception of Taiwan. Europe is also recouping much of what was lost over the past two sessions, and US shares are trading firmly. Bond yields have not risen as much as one might expect. Core bond yields are little changed, while European peripheral yields are around two basis points higher, and ... (full story)
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