By Chris Becker
After the euphoria of Friday night, and with next to no economic reports or news to go on, risk markets went nowhere on the Monday open, with most stock markets having scratch results as USD strength weighed. Commodities fell with oil down nearly 2% and bonds were bid as the US 10 year yield marches closer to the 2% mark again.
Recapping Asia’s session where the Shanghai Composite has made some further gains after breaking free of its 3400 point resistance barrier with 0.5% lift to 3429 points. Not a big follow through on the back of the interest rate and reserve rate cuts, but we should see a bear market rally right back up to 4000 points:
