Daily Market Comment – Dollar retreats, equities squeeze higher as contagion slows
Posted on April 7, 2020 at 8:44 am GMTUS stocks climb 7% on signs the pandemic has peaked in Europe, dollar and yen struggle Talk of another multi-trillion US rescue package supporting sentiment too Gold rallies on hedging and deficit expectations Today: Eurogroup meeting on ‘coronabonds’ could be vital for euro Virus slowdown and stimulus talk: Music for stocks Markets continue to price in an improvement in the global economy, with Wall Street rallying 7% on Monday and futures pointing to a higher open today as well, amid [..]