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Market performance yesterday suggested that positive risk sentiment has become pretty solid. Before European trading started, there were two geopolitical events that would ordinarily spook investors: reports of an explosion along the DMZ between North and South Korea.
Almost simultaneously there were reports of a physical clash between Indian and Chinese forces along their disputed border. But, European markets rocketed higher.
Tomorrow, though, we get to see if that optimism will simply sweep aside central bank actions. So far, central banks have been quite pessimistic in their outlook. Analysts continue to speculate that further easing is on the way, even as economies reopen and recover. This is likely to be the theme for the three central bank decisions expected tomorrow. In chronological order:
Switzerland’s Safe-Haven status
As the world’s economies start to reopen and risk sentiment recovers, things have been eas...
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