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By Chris Becker
So Brexit is officially underway while US stocks lifted on a lower than expected DOE inventory report, continuining the short term rebound in risk. European bourses took the trigger in stride as US Treasuries were bid up as well, with Pound Sterling relatively stable.
Looking at what happened locally in Asia yesterday where the Shanghai Composite was putting in a scratch session but sold off slightly after the long lunch break to close 0.3% down to 3241 points, still unable to climb significantly above local support at the 3200 level. This continues to lack conviction and the upside target at 3300 points remains a low risk/reward proposition for now:
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