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YCS - Optimism On Oil Deal Steadies Risk Appetites... For The Moment
ProShares UltraShort Yen New
Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostly higher, with Japan and Australia the notable exceptions.
The Dow Jones Stoxx 600 is a little firmer, but for the seventh consecutive session, it is chopping around the 300-320 range. US shares are stronger. The S&P 500 gapped lower yesterday, and that gap (~2522.7-2571.2) may offer a