Macro Morning

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By Chris Becker

Overnight markets wobbled into the first session of the week with European shares selling off, the US dollar also retreating while US bourses barely recovered to make scratch sessions. Unease over Korean tensions and the inability of the Trump administration to get anything done continued as traders position for the Jackson Hole central bank conference later this week.

Yesterday in mainland China the Shanghai Composite was up 0.4% to 3282 as it has a better try at reaching up to and through key resistance at 3300 points. This is another predictable move where its likely to stall once more, although the crowding here is pointing to a potential breakthrough:

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