By Chris Becker
A swing back to a positive mood overnight, possibly helped by acquisition news by Warren Buffet’s Berkshire Hathaway and a huge restructuring by Google, creating another company called “Alphabet” in the process that is likely to rule us all and drive all our cars. In Europe news that Russia’s GDP has dropped more than 4% on plunging oil prices was not unsettling as it should have been, while bond markets were sold off slightly on the return to favour for stocks.
Recapping Asia’s Monday, the Shanghai Composite had a stonking day, up nearly 5% to just under 4000 points on a bad economic news equals good news for stimulus hopes run. This was a total outcast amongst other Asian bourses and has cleared the strong resistance at 3800 points significantly:
