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Europe and Tech Lift Risk Appetites

From marctomarket.com

The continued domination of the tech sector and Europe's tentative agreement is lifting equities and risk assets more generally today. Australia and Hong Kong's 2.3%-2.5% rally led Asia Pacific markets. The Dow Jones Stoxx 600 is higher for a third session and above its 200-day moving average for the first time since February. The Dax is turning positive on the year. The S&P 500 did so yesterday, though nearly 2/3 (320 companies) remain lower on the year. The S&P 500 is set to gap higher and is like to move into the old gap (February) between roughly 3260 and 3328.5. The European peripheral yields are falling by a ... (full story)

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  • Category: Fundamental Analysis