Wed Nov 20th 2013 Global Strategy Update (i) Record setting rally - TopicsExpress

Wed Nov 20th 2013 Global Strategy Update (i) Record setting rally paused 2nd day. US S&P 500 -0.2% 1787.47. US VIX Volatility up off record lows 12.65%. US 10yr +2pts 2.71% & US DXY FX index -0.2% 80.65 (ii) Ahead of the US Senate vote late Thurs on US Fed Chair elect Yellen, she continued to support QE stimulus in her formal written response to questions (iii) German Nov ZEW index at 4yr hi 54.6 as per DAX at record highs (iv) ASX 200 seen open lower 5230 area - still lack domestic driver. $A higher 0.9430 helped by China PBOC looking to further deregulate Yuan (v) No major data in Asia big 24hrs ahead starts with Bernanke 11.00am Syd - for business strategy solutions please contact [email protected]

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