By Chris Becker
The return of US traders to their desk heralded another new rally to US stocks with record highs again dominating. The USD returned to strength against most of the majors, with oil almost breaking out to a new high, as retail earnings and preliminary PMI data firm the Federal Reserves resolve to keep tightening throughout the calendar year.
Looking at Asia’s session yesterday, where the Shanghai Composite eventually finished higher with Hong Kong stocks wobbly in contrast, up 0.4% to 3253 points. Momentum is building here for an attempt to breach the 2016 high at 3300 points:
