share markets: Don't worry about the Brexit, wobbly Italian banks or the constant downgrading of already below trend global growth, equities are in and "risk" is the new black, according to Australian Broadcasting Corporation. In the US, the Dow Jones Industrial Average has put on 4 per cent in the past month, seemingly punching higher to a new record close every day - well until last night session when a few profits were taken off the table and the market dipped. Map: United States Global share markets are on a tear. Australia ASX 200 has added 4 per cent as well, UK and European markets about the same and Asia even more. Yields are plummeting - last week Germany sold its first ever negative-yield 10-year bond - and consequently prices are soaring. Over on the bond desk, safety is the trade and the pessimists of the world are queuing up to buy it.
(news.financializer.com). As
reported in the news.
Tagged under share markets, dow jones topics.