By Chris Becker
Apple topping earning estimates and a slew of positive economic data on both sides of the Atlantic pushed stocks higher overnight with the NASDAQ finally putting in a positive session. European stocks were buoyed by a small relief in the Euro rally as USD strengthened a little and bond yields fell. Crude had a major drop in price on a trifecta of concerns (Venezuela/OPEC output/inventories) while other commodities were relatively calm.
Yesterday in mainland China the Shanghai Composite had another solid day finishing up 0.6% to 3292 points, almost there at the next key resistance level at the 3300 point mark. Will it break today? If so, off to the races!
