China Data, Dovish Fed Drove Markets Higher
BonTradeFinancial markets rose as driven by upbeat Chinese economic forecast, encouraging Chinese lending data and dovish comments from Fed officials. These overshadowed Italy’s bond auction. Wall Street jumped with the DJIA and the S&P 500 Indices gaining +1.41% and +1.38% respectively. In the commodity sector, both oil and gold strengthened. The front-month contract for WTI crude oil rose to a 6-day high of 104.24 before settling at 103.64, up +0.92%, while the equivalent Brent crude contract ended the day at 121.71, up +1.27%.
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China Data, Dovish Fed Drove Markets Higher
