Upbeat corporate earnings results and ease of funding stress in peripheral European countries boosted market sentiment and drove demands for risky assets. Stocks and commodities recorded lucrative gains yesterday while USD and bonds slumped. WTI crude oil rallied to as high as 77.37 before closing at 77.15, up +2.9%. Price, however, pulls back below 77 in Asian session today on profit-taking and API’s report on crude builds.
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Risky Assets Rally on a Good Start of Earnings Season
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