8@eight: ASX set for positive start; CBA results out – Sydney Morning Herald

European stocks surged as financial, consumer discretionary and energy sectors climbed. In the US, the tech sector was a big laggard, with the NASDAQ shedding 1.69 per cent, to pace losses in a US stock market thats outperformed recently courtesy of preference for growth stocks.
3. US yields spike, with gold falling over 5 per cent: There were signs the reflation trade was back-on in global markets last night. Stocks took a hit as US 10 Year Treasury yields climbed, after US PPI data jumped muc…

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