Given the positive action in the Asian equities, rally in oil prices to one-year high and a smart rebound in the mining heavy index from 7000 levels suggests we are likely to see prices clock a record high above 7122 levels.
However, caution is advised since we are seeing a renewed surge in the long duration bond yields across the globe.
The steepening of the bond yield curve has weighed over funding currencies, high yielders and gold. It is only the equity markets that have remained resilient so far and could be the latest casualty of the steepening of the yield curve.
However, caution is advised since we are seeing a renewed surge in the long duration bond yields across the globe.
The steepening of the bond yield curve has weighed over funding currencies, high yielders and gold. It is only the equity markets that have remained resilient so far and could be the latest casualty of the steepening of the yield curve.
