pipete
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New Phase Begins with UK Vote
Several of the equity benchmarks are flirting with six-week highs, including MSCI Asia Pacific Index and the Emerging Markets Index. The Dow Jones Stoxx 600 is trying to extend its advancing streak for a third week, something not done since July. The 350 level, which it is toying with, is similar to the 2600 level in the S&P 500 that has also being tested. Today's advance is shrugging off yesterday's loss in the US with the help of indications from China that it will be more aggressive about cutting taxes and new data showed lending was stronger than expected. Despite the firm equities, bond yields in Europe are a ... (full story)
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