Don’t Confuse Calmer Markets with Resolution
- Global capital markets stabilize for the second day. Equities are mostly higher as are core bond yields. Peripheral European bond yields are softer.
- The US dollar is mostly lower.
- China’s PMI was stronger than expected.
- The euro was unable to extend is gains after firmer CPI
- Trade tensions increase
50 HMA= 504
200 HMA= 504.80