By Chris Becker
Oil falls and drags stocks with it overnight as traders around the world await the FOMC meeting where the Fed is expected to hike. Pound Sterling took a fall amid the other currencies as tensions in European politics heatup with the Dutch election and the probable Scottish referendum. Treasury yields retreated a little on the safe haven bid, getting back below that “critical” 2.6% level on the 10 year.
Looking at Asia’s session yesterday, where it was a case of treading water across the region. The Shanghai Composite did nothing, finishing at 3239 points, still hovering 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:
