By Chris Becker
The sombre mood returned to risk markets last night, with stocks falling in the US and Europe, bonds and currencies sliding sideways as the long awaited outcome of the Greek debt crisis slips another day. The US GDP print came in better than expected with consumer spending stronger also raising expectations of interest rate rises by the Fed.
Recapping Asia yesterday, where the Shanghai Composite continued its comeback as buy the dip ruled, rising another 2.5% to 4690 points, trying to clawback last Friday’s crash.