By Chris Becker
Stock markets are trying to make new highs with the US and Europe catching up to the Chinese bubble, but last night worries over the ongoing Greek saga and poor earnings results, housing starts and jobless claims in the US sent both back to reality.
Recapping yesterday’s Asian session, it was all sunshine and roses following the “surprising” employment print here locally with the ASX200 up nearly 0.7% while the Shanghai Comp surged nearly 3% up to almost 4200 points, accelerating its gains. The Nikkei barely moved finishing a few points higher with its entrenched daily trend possibly under threat here on a momentum rollover:
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