By Chris Becker
European stocks fell on news that German CPI pipped up slightly over the year, while unemployment – the only unemployment release the ECB cares about – stayed steady. This kept Euro afloat against USD, which sold off slightly against the majors, as oil fell dragging US stocks down amid some mixed earnings reports. Gold is holding on to its recent gains while Yen meanders waiting for the BOJ meeting today. Stock futures for Asia look good overall with the ASX200 expected to continue its epic run higher. .
Recapping Asia first where the Shanghai Composite put in a scratch session, closing just below critical support at 3000 points. Having rejected the overhead 200 day moving average, the previous session breakdown below support presages further falls all the way down to 2800 points, the next area of support:
