By Chris Becker
It’s been a Golden Week for China with closed markets, with a few more Asian bourses closed today on Monday, but it was the Friday night NFP in the US that stoked risk. A big boost in hourly wages data overshadowed the headline print, which put a rocket under expectations of more rate rises from the Federal Reserve, with a pre-Christmas jolt in December almost certain.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.