US health care stocks are leading the equity market higher, a reaction, one supposes, to the decision of Tom Dashle to withdrawn his nomination as Secretary of Health. Concerns that price caps would be imposed by the government beyond those contained in Medicare and Medicaid accompanied Dashle’s nomination. Dashle was a strong proponent of national health care.
EUR/USD has rebounded sharply along with stocks and now trades at 1.3010. Share prices are up more than 1%.
