The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Equities surge again +2%, now 30% off the March lows and 13% shy of all-time highs
– boosted by Gilead Science’s trials positive results, diminishing recovery time from 10 days to 5
– whilst always optimistic, seems very hard to justify these levels so quickly??
* European benchmarks +2-3%, NASDAQ +4%, whilst Oil +23%…
* Kiwi closely following Equity moves as opposed to NZ fundamentals… mmmm
– key resistance 0.6130 on the…