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Equities: Peace trade lifts growth and cyclicals – Danske Bank

Danske Research Team notes global equities extended gains, pushing MSCI World above pre-war levels on the back of strong earnings revisions. Growth and cyclical stocks outperformed value and defensives, with small caps also participating.
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AUD/USD Price Forecast: Looks likely to reclaim multi-year high of 0.7190

The Australian Dollar (AUD) outperforms its major currency peers, trading 0.23% higher to near 0.7137 against the US Dollar (USD), during the early European session on Wednesday.
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