By Chris Becker
The Trump trade war has not yet upset markets, overshadowed by stellar earnings result from tech heavies, which sent the NASDAQ soaring, pulling industrial stocks higher. The USD backpedalled again while US Treasury yields finally strengthened, as other sovereign bonds also put on gains. Commodities rallied too in this risk-on wide move.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite continues its advance after breaking resistance at 3400 points, closing 0.7% higher to 3525 points. A stonking rally here after breaking out above 3300 points decisively, there’s still plenty of upside action here:
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