By Chris Becker
On Friday, confirmation of an expected slowdown in US GDP in the first quarter was surprisingly backed by a poor Chicago PMI and lacklustre consumer confidence result that sent US shares and the dollar down. In Europe however, it was a new deadlock in Greek debt negotiations, as time and patience runs out, which sent European shares tumbling over 2% as risk found solace in bonds which were bid across all sectors, except Greece of course.
Recapping Asia’s mixed session on Friday, where the ASX200 actually led the continent, the Shanghai Composite did not follow through with its previous 6% plus crash, only falling 0.2% to remain just above support at 4600 points:
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