By Chris Becker
Walk quietly and listen carefully to central bank doublespeak was the name of the game last night on risk markets as most stocks finished in scratch or slightly up mode on each side of the Atlantic. A big dump in the gold price and on e-currencies was the only real action while oil vainly tries to recover.
In mainland China yesterday the Shanghai Composite was very bullish, up nearly 0.7% going into the close to 3180 points, where it needs to stay above key support at the 3100 point level. The 3150 point level has been a source of very sticky local resistance for a while here so this is a positive move: