Sentiment continues to improve as safe havens sharply reverse

Market Overview The remarkable rally in the oil price has translated through financial markets and there is now an improvement in trading sentiment that is resulting in a sharp reversal of some of the huge flight into safe haven assets. However, there is little positivity on the economic data from to point towards why Asian markets are so strongly higher, with no only Q4 GDP in Japan showing a -1.4% annualised decline, in addition to further weakness across the China trade data that saw dollar imports 18.8% lower and exports 11.2% lower, both of which were weaker than expectations. However we find the....