By Chris Becker
The release of the latest FOMC minutes has been construed as dovish, with the Fed seemingly unconcerned about near term inflation. This sent the USD and stocks lower as Treasuries were bid with hot money instead. This sent Euro higher which did provide much of a headwind to European stocks, while oil retreated and gold was steady.
Looking at Asia’s session yesterday, where the Shanghai Composite eventually finished higher, up 0.24% to 3261 points. Momentum continues to build here for an attempt to breach the 2016 high at 3300 points:
