Market Talk – May 10, 2016

by Martin Armstrong
Armstrong Economics

It was a solid day all around the globe which was a little surprising given most markets backed away from yesterday’s gains late in the day. China’s data was marginal given what had been expected, but the positive momentum, strong oil, and a reviving commodity sector made everything feels sunny again. The Nikkei has recovered well from the Golden Week route with today’s market rallying over 2%. The Hang Seng and Shanghai both closed in positive territory around 0.3% higher on the day. In late US trading, HSI is up an additional 0.5%, while China and the Nikkei futures have added an additional 1%+.

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