Overview
The holiday mood has tightened its grip on the capital markets, and global investors have nearly completely ignored the impeachment of the US President, as it has little economic or policy significance. US equities reached new record highs yesterday, with the S&P 500 moving above 3200. Asia-Pacific equities were mixed, leaving the MSCI Asia Pacific Index consolidating recent gains that carried it to the (61.8%) retracement objective of the decline that began at the start of 2018. Europe's Dow Jones Stoxx 600 is moving broadly sideways after setting record highs at the beginning of