Global stock markets are in risk-on mode with German DAX gaining over 2% today. Investors hope that G7 finance ministers and central bankers agree on a coordinated action to support the economy during today’s call. The call is expected to start at 12:00 pm GMT and it can be a major market mover, especially in case it fails to meet markets’ expectations.
Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸
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Chart of the Day 📈 S&P 500 extends gains, supported by CTA fund buying