Macro Morning (risk rebounds)

By Chris Becker

Risk rebounded last night with broad gains across most stock markets amid a solid, if under expectations ISM manufacturing print, and a retraction in consumer spending in December, though US as oil continued to make gains sending up energy stocks.

In Europe, the Greek crisis was put aside (I’m loving the article in Bloomberg about how Greek’s new finance minister is making people “nervous”) with most bourses up 1% or more. The DAX has made a new daily high up 1.2%: