U.S. reports save the day, as most macroeconomic data printed better than expected readings, sending Wall Street quickly up despite early tumble. Risk appetite is up, dollar and yen down (not as far as to affirm things have changed). Richmond Fed’s regional manufacturing index improved in April to -9 from a previous reading of -20, while US consumers’ confidence of the economy rose to its highest point of the year, 39.2 from a previous also revised to the upside, 26.9.
Wall Street reached positive territory, and remains tending higher, dragging DAX also in positive territory, and erasing early losses. Dollar and yen are down against major rivals, and corrective movements have room to continue, if stocks continue supporting risk appetite.
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