Positive fundamental news background pushes financial markets up
Fear is leaving the stock market and stock indices have returned to growth. A good reaction to the reports fuels the bulls. Stock futures are rising after a batch of good reports. There is also optimism in Asia.
The US economy showed an unexpected sign of cooling, which pleased investorsComposite PMI - decrease from 52.1 to 50.9Manufacturing PMI - decrease from 51.9 to 49.9 (expected 52.0)Services PMI - decrease from 51.7 to 50.9 (expected 52.0)In the Eurozone in April, industry is weak, and services are strongAnd since services occupy a large part of the economy, the overall...