- Yesterday’s Fed warnings failed to deter investors in the face of a return to business
- The recent oil crash, followed by its forceful rally, demonstrates structural problems seen across all asset markets
All four major US contracts—for the , , and —advanced on Wednesday while European shares slipped. Asian regional indices were mixed, as hopes of economic recoveries grow ahead of the easing of US lockdowns, while European shares were pressured by uneven earnings results and additional negative data.
Yields climbed on increased risk-off sentiment. The dollar was flat.
Global Financial Affairs
The pan-European , opened lower, but is now relatively flat. Mixed earnings results and ongoing US-China discord on markets. Still, it’s difficult to reconcile that narrative with the fact that both US futures and gained.
This morning, Asian stocks pushed higher after China allowed its to rise. That was seen as a gesture of good will by Beijing to the US, a way, perhaps,…