Key news
– S&P500 hit another all-time high. The US stock market is boosted by growth optimism and easy US monetary policy.
– ECB chief Mario Draghi said the ECB could ease monetary policy if incoming data showed a softening European economy.
– Increased tensions between Syria and Israel push up oil prices.
Markets Overnight
The US stock market hit yet another all-time high yesterday. Since its low five years ago S&P500 has risen nearly 140%. The market continues to be well supported by recovery hopes and the Federal Reserve’s accommodative monetary policy stance. Asian stock markets are fairly flat this morning but the Japanese stock market is up more than 2% after reopening after a long weekend.
Click here to read the full report: FX Daily
Danske Bank