Decent GDP and jobs data supported Wall Street overnight, and a possible sequester deal could trigger fresh gains.

Equities had a reasonable bid around the globe last night, largely due to some decent data out of the US. Moreover, concerns over Italy’s election seem to have died down, although having said that their 10-year bond yield remains a little elevated at 4.72 per cent, compared to what we’ve become used to over the last three months (well down on peaks though). A month ago yields were closer to 4 per cent. But for equities the bull run continues and Italian stocks rose 0.6 per cent; in France they were 0.9 per cent higher and same with the Dax; while the FTSE100 rose 0.6 per cent as well.


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