Another strong opening of the US session with both US500 and US100 surging to new all-time highs propels the DE30 to the highest level in history as well. There is no key news behinds this move other than investors now fully dismissing risks from China (despite the hint that Beijing will delay agricultural purchases). Investors should bear in mind that a previous record (22 January) was a short-lived as a major profit-taking ensued.

Daily summary: A week closed with declines – is the market starting to fear inflation?
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