Risk appetite showed further signs of improvement on Thursday as hopes that the US economy was close to bottoming helped equities extend their winning run, credit spreads narrow and oil reach a four-month high.
Furthermore, high-yielding currencies staged a broad advance, with the Japanese yen one of the day's big decliners.
“The theme remains that economic figures are not as bad as feared, which reduces a major source of pressure on investor risk sentiment,” said Lena Komileva, head of G7 market economics at Tullett Prebon.
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