Risk Appetite Increases as US Data Surprises to the Upside, Spanish Auction Beats Expectations

Financial markets recovered modestly as driven by stronger-than-expected US data and the successful Spanish bond auction. Wall Street rose with DJIA and S&P 500 gaining +0.38% and +0.32% respectively. In the commodity sector, Brent crude for December delivery closed almost flat while the equivalent WTI crude contract dropped more than -1% amid demand concerns after OPEC’s raise in output ceiling.

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Risk Appetite Increases as US Data Surprises to the Upside, Spanish Auction Beats Expectations