By Chris Becker
And we’re off! The release of the dovish Fed minutes last night gave stocks the reason to believe again, alongside commodities including oil although gold and copper both fell alongside the USD. European stocks were mixed with Euro bonds seeing more bids, while US stocks rose nearly 1% and Treasuries were sold off. The Bank of England and ECB also released minutes, sparking more deflationary fears.
Recapping Asia’s session, where the Shanghai Composite finally opened after its Golden Week holiday with a positive day, up 3% to 3140 points or so. We’re still bouncing off support here at 3000 points, but no breakout yet:
