By Chris Becker
A solid session in Asia translated into a firm move for stocks coming into the European session but this turned into a damp squib a poorer than expected ZEW survey in Germany and then some disappointing earnings results for non-tech stocks in the US. The US dollar did not shake commodities or the other major currencies as precious metals lifted slightly as oil retraced.
Recapping those big moves in Asia yesterday, buy the dip was the order of the day for Chinese stocks with the Shanghai Comp taking back its Monday losses, rising nearly 2% while the Hang Seng surged 3% in an increasingly volatile environment.