Market Talk – July 7, 2016

by Martin Armstrong
Armstrong Economics

A quiet day in Asia is a bit of a relief after all the recent fun and games and that is what we saw today with global markets having behaved themselves and a FED that was more than compensated for, there was really not much to play on and so we saw one of the quietest session in a while. The Hang Seng was the star performer, closing +1% on the day with Shanghai and Nikkei almost unchanged.

In Europe, we saw a bit of a bounce having seen markets trading lower for days now. All core indices closed higher with DAX, CAC, FTSE and IBEX all around 1% higher on the day. After we heard the minutes of a cautious FED last night markets gained a little confidence if only for a short time.

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