Scoreboard: Home sweet home

Wall Street bounced back from early losses as US housing and manufacturing data surprised on the upside and Pfizer confirmed its AstraZeneca takeover ambitions.

Not a bad night all things considered. Global equities managed to push higher eventually as tensions in Ukraine appeared to ease (notwithstanding the new sanctions push from the European Union and the United States) and economic data surprised to the upside, most notably an uptick in US pending home sales. Sentiment probably also got a boost after Pfizer confirmed it had approached AstraZeneca a second time about a takeover.


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