IIFT Daily Note with Peter Brown

Markets continue to rally

Posted by:  |  Time: 7:43 am  |  Topic:
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Friday was another day where the market rallied strongly. Gone are the worries over emerging markets and China’s banking system we seem set to test the year highs at 1846.5. Despite average figures in the US na d indeed Japan overnight the market is in buying mood. This comes from the low interest rate environment which dominated all last year. With Yellen in charge the market seems certain that low interest rate are set for some time.

Dollar weak also.

Quiet day today, holiday in the US so expect a calm market .

Levels are Euro 1.3725  1.3680  S&P (MAR) 1839  1832  Wall St (DFB) 16185 16120

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