Stock Buying Frenzy Accelerates, Sending S&P Above 2,900 As China, Yuan Soar [zero hedge]
HD SUPPLY HOLDINGS (HDS)
NASDAQ:AMEX Investor Relations:
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Source: zero hedge
It is a sea of green in global markets today, with European stocks rallying as Germany’s carmakers outperformed, following a torrid session in Asia where the Shanghai Composite soared by 2.6%, as risk appetite refuses to go away after the United States stepped back from imposing tariffs on Mexico, while losses in treasuries and gold accelerated.Advances in European miners and carmakers pushed Europe's Stoxx 600 Index almost 1% higher, on course for a sixth day of gains in the last seven, with Frankfurt’s DAX racing up 1.2% as German investors returned from a one-day holiday, even as investor confidence in its economy fell to the lowest since 2010. BMW, Daimler and VW - seen as sensitive to trade tariffs - all gained between 1.8%-2%, mirroring a 1.9% gain for the auto sector.Emini futures also continued their relentless June surge, with the S&P set to open above 2,900 for the first time in over a month.“It looks like we will have to wait to see at the end of the month, to see what the
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