SCOREBOARD: On the up

Markets finished mixed but the US recovery appears to be on its way and the European downturn past its trough.

Global equities saw another modest bid overnight, well really it was a mixed session for the US – S&P500 up 0.4 per cent (1460) into the close, Dow 5pts lower (13545), while the Nasdaq was up 0.1 per cent (3104. For mine, none of this quite captures the significance of some of the data flow. Although fair to say the session prior was quite solid.

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