Advertisement
by Chris Becker
A generally green board across risk markets overnight as the Fed FOMC minutes took some air out of the USD sails and oversold conditions in stocks attracted the bottom pickers.
First in Europe a slate of inflation and unemployment figures – all good if you’re German (more on this later) – pushed both the DAX and FTSE, although both were unable to close above the previous sessions high. The DAX bounced off its daily trend line, so there’s confidence still:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe