Global market sentiment continued improving this past week. On Wall Street, futures tracking the Nasdaq, Dow Jones and S&P 500 closed +1.84%, -0.31% and +0.23% respectively. Tech stocks saw a disproportional boost. In Europe, the DAX 40 and FTSE 100 closed +0.67% and +0.22% respectively. Meanwhile, Japan’s Nikkei 225 gained 1.35%.
Strong US ISM Manufacturing PMI early in the week helped cool fears of a recession by underscoring the…