By Chris Becker
A green night across risk markets, save gold and US bonds with a surprisingly poor 30 Treasury auction sending bond prices down and yields up with European bonds rallying on continued ECB purchases. No economic surprises either, with the Bank of England holding fire on rate cuts or further QE, and US initial jobless claims coming in strong and on target.
Recapping the Asian session yesterday it was a mixed day with the Hang Seng surging almost 3% while some heat came out of the Shanghai Composite down 1% as it hits resistance at 4000 points. The Nikkei almost broke through 20,000 points and rose another 0.7% continuing its breakout.