Markets on Wednesday painted a mixed picture of the mood, such as political risk sending the euro and German 2-year bonds lower as global equities rally after the US. The dollar rose before the release of the minutes from the Fed.
The European currency fell for a fourth day, passing from 1.05 level for the first time in six weeks. This pushed the index up by EU Stoxx 60 rose for the fourth consecutive session. Germany’s Dax Index, already at an almost two-year high, briefly crossed the 12,000 level. Oil fell from the highest price in more than a week amid speculation about the effectiveness of OPEC’s supply curbs and forecasts for another expansion in U.S. crude stockpiles.
Investors in Europe seem increasingly divided, with French presidential elections and the U.K.’s Brexit plans driving demand for the safest debt and optimism for global economic growth and improved corporate earnings spurring stocks. Next on the calendar are minutes from the U.S. Federal Reserve’s latest meeting, which may offer traders more clues on the path of interest rates in the world’s biggest economy.
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