By Chris Becker
Another night of volatility as two five year olds exchanged barbs over nuclear weapons, although this didn’t upset markets as much as some feared. European stocks sold off more sharply while US stocks slipped as currency markets remained calm while bond yields fell across the board on safe haven buying. The OPEC meeting ended without much fuss on oil also, but it was gold that stoodout, jumping $15USD higher overnight.
Yesterday in mainland Chinahe Shanghai Composite has closed down 10 points or 0.3% lower to 3271 points as it fails again to breach the next obvious resistance at the 3300 point level. Its a lovely uptrend, but resistance here is very firm:
