By Chris Becker
Last night saw US stocks closing at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.
Recapping Asia yesterday first where in mainland China the Shanghai Composite really wants to climb up through resistance at the 3400 point level, and almost got there today before closing up 0.2% higher at 3387 points. The daily chart is showing a clear build up to the resistance level at 3400 points which should break soon:
