Yesterday’s market action which saw gold and oil sell off and stock markets around the world stage a relief rally has turned out to be a dead cat bounce with previous cautious trends reasserting themselves amid a flurry of developments.
Building on yesterday’s US market gains of about 0.75% and getting a big boost from Alphabet’s big earnings and stock split announcements, equity markets around the world have been soaring overnight. In Asia Pacific tracing Tokyo jumped 1.7% while Sydny