By Chris Becker
A case of steady as she goes at the ECB, where Mario Draghi posited that risks were becoming more balanced in the continental economy. You know, apart from Brexit, Frexit and German inflation rising. The real action was in bond and commodity markets with Treasury yields spiking as oil prices dropped again. US and Euro stocks were listless but didn’t record falls as traders preposition for tonights NFP.
Looking at Asia’s session yesterday, where on the back of the unusual CPI/PPI result, the Shanghai Composite fell nearly 1% down to 3216 points, only just above local support at 3200 level. The former high at 3300 points remains the target here but these fits and spurts are not confidence inspiring:
