By Chris Becker
A quiet night on risk markets on Friday, as a firm University of Michigan consumer confidence print combined with the recent retail sales number put fire on potential hold in the Fed rate rises. This was reflected in rising bond yields on anticipation of higher interest rates. European stocks lost their mojo once again as the Greek debt crisis rolled on for another day.
Recapping Asia, the Shanghai Composite was up nearly 1% to just below 5200 points establishing a strong price action above the new 5000 point support level. In Japan, the Nikkei 225 treaded water, failing to make further gains from its recent dead cat bounce above support:
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