Strong US Data Lifts Confidence
LorieFuller31Financial markets rebounded sharply yesterday as investors were thrilled by stronger-than-expected US housing data and Germany's confidence indices. Wall Street jumped with DJIA and S&P 500 gaining +2.87% and +2.98% respectively. In the commodity sector, the front-month contract for WTI crude oil surged to 97.45, the highest level in 4 days, before settling at 97.22, up +3.56%, while the Brent crude contract also jumped to a 4-day high of 107.27 before ending the day at 106.73, up +2.98%. Gold also rose a tad as the US dollar weakened on increased risk appetite.
