Forex | Forex | US earnings continued to support equities (17/07/2009 05:45:03)

US earnings continued to support equities

News and views US earnings continued to support equities. The S&P500 spent most of the session unchanged from yesterday, until a consensus beating JP Morgan result (28c vs 5c per share) pushed it into positive territory, and is currently up 0.8%. Oil hasn’t fully participated in this week’s bull moves, last night’s 0.5% loss another example. Copper futures are flat. US10yr notes are 4bp lower from Sydney’s close. US data was mixed – the Philly Fed survey disappointing, but headline jobless


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