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Euro Pokes Above $1.09. Will it be Sustained?
The Lunar New Year holiday has shut many centers in Asia until the middle of the week, though China's mainland is on holiday all week. The signaling of a downshift in the pace of Fed tightening by some notable hawks helped lift risk appetites ahead of the weekend and saw the S&P 500 snap a four-day decline. Ahead of the weekend the NASDAQ posted its single biggest advance since last November. The downtrend line drawn of January 2022 highs in the S&P 500 is found near 4010 today. US equity futures are little changed. Europe's Stoxx 600 is posting a small gain. Benchmark 10-year yields are trading with a firmer bias and ... (full story)