Good news from the EU and China boosts risk tolerance

Review: The UK: S&P changes its outlook on the UK from Stable to Negative. Therefore we can expect a downgrade within the next 6 to 18 months if the UK does not improve its finances. Japan: The Tankan report revealed a negative situation for business in Japan. The negative undertone increases the likelihood that Abe will win the election on Sunday and that once again the BoJ will expand its programme of asset purchases. China: PMI came to 50.9, which was slightly better than the expected

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Good news from the EU and China boosts risk tolerance

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