It’s been another record-breaking week for stock markets this past few days with new record highs for the , , and the , as optimism over an economic reopening, along with a benign Federal Reserve contrived to keep a lid on bond yields, and assuage concerns that the central bank might act in haste when it comes to reining back on stimulus. Yesterday’s surprise rise in weekly only served to reinforce this message, that any recovery was likely to be lumpy in terms of the data, and that while some form of tapering might start to get discussed in the coming months, the prospect still seems some way off. The continued weakness in the only served to reinforce this goldilocks backdrop, though that might well change if we get particularly strong and data next week. European markets look set to open in positive territory this morning, as they look to continue where they left off yesterday after US markets finished higher with another record close for the S&P500, as it got to within a whisker of 4,100, led predominantly by the tech sector. Asia markets ended the week on a more mixed note with the latest China inflation data ...read more...