Analysts at Danske Bank note that the global risk appetite has rebounded strongly over the past 24 hours, with most notably the three big US equity indices, S&P500, Nasdaq Composite and Dow Jones, posting the largest single day gains since March.
Key Quotes
“Key to the moves have been the US earnings season start where Monday delivered encouraging news and gains for financials, healthcare and the recent heavily hit technology sector.”
“The US 10Y Treasury yield is little changed, highlighting how it was primarily the pace of the fixed income sell-off last week that triggered the equity rout.”
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