China drives up cash supply
Whooo-wey! It finally ended! Global equities longest losing streak in a year! All European indices are doing mighty fine, ranging between 0.5% and 1%.
Asia grew, US futures – also. Commodities were given a slight boost after China expanded the money supply at the fastest pace since January.
The euro, franc and yen retreated, while the dollar and pound went up. Yup – it’s business as usual on the financial markets.
Stock really took a beating the past couple of days after their all-time-highs. There were fears this could turn into a full blown rout. Good to see they didn’t turn out to be true.