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Oil and Equities Continue to Track Each Other

Market sentiment improved as energy prices climbed higher and economic data surprised to the upside. These helped lifting Wall Street, sending DJIA and S&P 500 indices +1.29% and +1.13% higher. Shares in Asia also strengthened today. At the time of writing this article, Hong Kong’s Hang Seng Index has increased +1.63% while Japan’s Nikkei 225 Index is up +1.21%.

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Oil and Equities Continue to Track Each Other

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