Major indices started the week with explosive rally following an outburst of euphoria in China. Without a specific catalyst, the Chinese indices (including CHNComp) surged around 5% on state media report that the economy now needs “healthy bull market”. Clearly investors interpreted this as state intervention and it lifted sentiment on global indices as well. As a result US2000 surges by 2.8%, US30 1.8%, DE30 and US100 1.5% - the last one setting another all-time high. Investors chose to ignore new COVID related restrictions in Australia and Spain.

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
Daily summary: Weak US data drags markets down, precious metals under pressure again!
US Open: Wall Street rises despite weak retail sales
US2000 near record levels 🗽 What does NFIB data show?