By Chris Becker
Its been another wait and see night on markets overnight, and although the Dow hit a new record high (remember its only 30 stocks), broader indices remain stuck. With little economic data to go on, traders pounced on the words of policymakers, with Pound shooting higher on UK inflation expectations and oil prices coming off the boil due to higher than expected US inventories.
First to Asia’s session yesterday, where the Shanghai Composite slumped before its long lunch break then regained to finish down only a few points in what is still a shaky return from the Chinese New Year holiday. Support at 3100 points remains solid but an inability to make a new daily high here is telling:
