By Chris Becker
A cautious tone from risk markets as we head into the NFP print tonight, with concern that the US job market is not as robust as the Fed believes. Combined with a falling oil price and a bond market now pricing in more hawkish moves by central banks, the start of the new financial year has not been fruitful for stocks.
Yesterday in mainland China the Shanghai Composite is only up slightly, around 0.2% to 3211 points holding above previous resistance at 3200 points. The daily trend is firming as momentum builds here, but the upside target is quite limited at 3300:
