By Chris Becker
Politics seems to be the driving force in risk markets at the moment, with puff running out in US stocks as the Trump mania subsides, while in Europe troubles in Italy are spilling over to German banks. The USD has moderated in recent days, as Yen and other havens are bid including bonds, while commodities continue to breathe fire and head higher, particularly industrial metals.
Looking at Asian stocks start to the week first, where the Shanghai Composite had a solid session lifting 0.5% to 327 points.. My next target at 3400 points remains in sight, but watch the trend channel closely for signs of wavering with support at 3140:
