With the US debt ceiling deadlock continuing and the Royal Mail share price surging on its first day of trading, Michael Hewson of CMC Markets gives his opinion on the state of the financial markets.
- S&P 500 – rallied on hopes of a solution but account holders turning bearish
- USD/JPY – remaining well supported by long-term US bond yields
- Royal Mail – was the IPO underpriced? Rallied from 330p rallied to hit an intraday high of 456p
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Video content by Michael Hewson of CMC Markets.
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