By Chris Becker
A poor lead from Asia and with the US having a long weekend still led to European stocks having a small rebound overnight. Commodities however tumbled with oil falling to a new two week low while bond markets were sold off slightly. A lot of moves on FX markets, namely in Euroland with Cable rebounding strongly and the Swiss Franc weakening unexpectedly. King dollar held fast as gold continued to slip…
Recapping Asia’s session, where the Shanghai Composite opened after its late week holiday break and looked like closing in positive territory, but tumbled into the close, down over 2% to 3080 points and clinging to the terminal support line.
