Equities: Stocks spend most of the day flat then had a late rally to finish up half a percent or so. No real economic data coming to justify this. Volumes continue to remain low. S&P hits the all important 1150 mark, this could be a bullish signal going forward. US retail sales out tomorrow, should move the markets somewhat
Currencies: The Pound and Euro both rose today. The Euro rose on sentiment that the Greece crisis is now over and its problems will be contained. The Pound rose on UK inflation expectations coming in above market consensus. The Yen fell slightly against the Dollar. Overall risk sentiment improved data, hence the lower Dollar and Yen. Pretty slow in terms of news, otherwise.
Commodities: Oil and Gold both finished moderately higher today, with no real drivers of market action. Last couple of days have seen little movement, with low volatility expected to follow low volatility.
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