Volatility from Brexit appears to ease but the surge in silver and bond prices indicates that capital is still hungry for safe assets amid longer-term uncertainty.
Short-covering, bets on additional quantitative easing and release of solid US economic data have sent global equity largely back to, and commodities prices above, the pre-Brexit level.
Investor enthusiasm returns on China’s supply side reform following the news that two major state-owned steel makers will restructure and potentially merge.
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