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The recovery in equity markets is progressing well. The key difference now is that Wall Street is also playing a role in this rebound. That helps to add sustainability to the move.
A rebuild of fragile sentiment is underway with a tentative risk recovery. Indices are higher and there is a pullback in USD strength.
The data out of Europe and the UK today was certainly painting an ugly picture, with a full set of data missing across the board.
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