By Chris Becker
Risk sentiment is now back to its pre-coronavirus levels, with Wall Street putting in new record highs and USD strengthening against almost everything, paving the way for further optimism. Notably, gold and Bitcoin are coming back too with the latter almost breaching the $10,000 level. Treasury yields remain slightly elevated as the conditions for further Fed rate cuts in March ease, while oil prices oscillated around their most recent breakout high although Brent fell back later in the session.
Looking at Asian share markets performance yesterday where the Shanghai Composite was bid all throughout the session to finish nearly 1.8% higher, closing at 2866 points while the Hang Seng Index had its best day, up 2.6% to 27493 points, fulfilling the previous bounces and almost getting back to its last support level. Although I can see a deadcat bounce there is growing stability here above the 27000 point level:
