mrlins on flickrAnd suddenly, the market feels normal again.
After two weeks of seeing the Nikkei plunge, and the dollar weaken and so forth, we’re having a day that feels like the gold old days.
Japan rallied 2%, which is a lot given how far futures had fallen in pre-Tuesday action.
And Europe is up across the board (Italy up over 1%. Germany up 0.8%).
The dollar is strengthening (back to over 100 against the yen). And gold is falling.
Also emerging market currencies are solid.
It may be temporary, but for things feel stable.
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