Demand for Higher Risk Assets Drives S&P through Recent High

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Renewed demand for higher risk assets helped to drive the March E-mini S&P 500 through the December high at 1126.50. A better than expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum.

A surge in demand for higher yielding assets is also helping to drive crude oil and gold prices higher. A firm undertone has been present throughout the day at the expense of the Dollar.

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