Charting the Market: The Rebound Continues
A Wild Market of Computer Trading and Algorithms
Markets continued their resurgence on Friday on speculation Chinese authorities are buying local equities ahead of next week's World War II victory parade. Stronger than expected U.S. GDP data also underpinned gains, giving Asian stocks the biggest boost for almost a year. It's been a rollercoaster week for all asset classes, with global equities and commodities set to erase Monday's losses – despite a morning dip in Europe.
The MSCI All-Country World Index, which includes both emerging and developed equity markets, rose as much as 0.6%. On Monday it slumped almost 4%, the biggest drop in 4 years. The index is now on track for its first weekly gain in four. It's still down 10% from May's record.