By Chris Becker
No soup for you (Southern) Europe as the ECB holds fires overnight on any economic stimulus or sheltering of risk from the impending Brexit. As a result, stocks and bonds sold off as the Euro soared against most of its major partners. The sour mood translated into minor losses in US markets as well with oil lifting on the back of a better than expected DOE inventory report.
Recapping Asia’s session yesterday, where the Shanghai Composite again went nowhere, finishing up only a couple points, going nowhere just below 3100 points. Still taking its time to breakout, but like most stock markets is going nowhere fast:
