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Market Sentiment Still Constructive
The improvement of investor sentiment seen last week is carrying over into the start of the new weeks. Global equities are firm as are benchmark yields. Asia Pacific equities advanced, except in Hong Kong, where Chief Executive Lam's promise to formally withdraw the controversial extradition bill failed to deter protests. European markets extended their three-week advance at the open, but are struggling to sustain the upside momentum. US shares are trading with a firmer bias. Benchmark 10-year yields are rising three-four basis points in Europe, with US Treasury yield pushing up toward 1.60%. Yields were softer in ... (full story)