Markets spring back to life - ANZ
|Analysts at ANZ explained that markets had a much busier session following holidays in the UK and US.
Key Quotes:
"The dollar was firm throughout and retraced its counterintuitive weakness versus the EUR. Stronger than expected euro area data was ignored and the market may be paying increased attention to opinion polls showing that France’s FN leader Le Pen’s popularity is continuing to rise."
"The buoyant global growth environment, healthy US consumer spending and stronger European data was reflected in buoyant equities, with the S&P 500 up 0.5%, the DAX up 1.2% and CAC 40 up 0.5%. Treasury yields pushed a touch higher initially before retreating."
"WTI crude was firm, rising to around $54 bbl as OPEC said they are targeting 100% compliance of the deal."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.