Macro Morning (records)

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By Chris Becker

A weakish US durable goods order, nearly unanimous resolve in Europe to screw the Greeks plus a rebounding oil price sent the USD falling and risk markets mainly up on Friday night. Crude rose on the ongoing crisis in Yemen while the falling USD brought gold down but industrial metals and iron ore shot up as US stock markets made new record highs.

Recapping Asia’s session, the bubblicious Shanghai Composite finally had a breather, losing less than 0.5% while its counterpart in Hong Kong, the Hang Seng rose nearly 1%, both bull markets well intact.

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