Midweek markets: US dollar disappoints on the back of a slide in yields

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By Michiel Willems With most of the market attention on the US mid-terms action can only be characterised as bitty. There was no real catalyst for any of the moves we saw yesterday, with some of the moves technical in nature. It was another positive day for markets in Europe yesterday, with the DAX closing above its 200-day SMA for the first time since 20 January this year, “in a sign that perhaps the lows of the year may well be in,” as Michael Hewson, chief market analyst at CMC Markets UK, put it this a.m. He stressed the FTSE100 had “a disappointing day underperforming” due to a sharp slid…

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