By Chris Becker
A slew of poorer than expected flash PMI data in Europe, plummeting new home sales in the US, slightly higher than expected weekly jobless claims AND mixed earnings results put a rocket under risk last night (go figure). The tech heavy NASDAQ burst through to a new 15 year high, above its previous dot com bubble heights while European stocks were mainly in the red, although caught up slightly in after hours futures trading. Oil bounced again alongside commodities on the back of a weaker US dollar.
Recapping Asia yesterday, the ASX200 just finished in the green at 5844 points 0.6% with SPI futures pointing to another Wall Street mirror gap up this morning of around 20-30 points. The daily chart for the ASX200 is showing a very weak bounce of support at 5800 points with very strong resistance at 6000 points:
