By Chris Becker
The interest rate hawks are back with Fed Chair Janet Yellen giving the greenlight to the Fed raising rates next week – will the RBA lead that today? No. No they won’t, and probably a no from Mario Draghi at the ECB on Thursday as well as currency markets heat up in Europe around the French election and in Asia as North Korea resorts to some classic sabre rattling. Stocks continued their pullback in response on both sides of the Atlantic, so expect a tepid day in Asia.
Looking at Asia’s session yesterday, where the Shanghai Composite started the week much more positive, closing up 0.5% to be at 3233 points. This takes back the loss on Friday with 2016 high
