July 09, 2018 China’s Finance Ministry committed to deepening reform and opening its markets. Asian markets settled higher. The Nikkei 225 climbed +1.21% and the Shanghai Composite jumped +2.49%. The Eurozone July Sentix investor confidence survey rose unexpectedly. European equities and currencies fluctuated on Brexit news. The DAX finished higher by +0.38%. Yields on 10-yr. Bunds moved up to 0.305%. May Consumer Credit growth was much stronger than expected, up +$24.6B. Yields on 10-Year Notes rose to 2.858%. The US$ Index was mostly flat. August gold rose +0.3% to $1,259.60. At the end of an up-and-down session, August crude was up +$0.05 to $73.85. U.S. equities got off to a solid start as market fears were trumped by Friday’s strong jobs report. Ignoring Brexit turmoil, trade-war escalation, and uncertainty around North Korea’s nuclear program, markets rode the back of earnings expectations to strong gains. While the gains were strong, volumes was decidedly on the light side. With no willing sellers, averages remained elevated throughout the session and closed at the highs with broad-based gains.