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By Chris Becker
It was the final FOMC Meeting for outgoing Chair Janet Yellen overnight, and the board kept rates steady, but indicated March is a goer, with Treasury yields spiking again as a result. Stocks stabilised a little overnight with most indices putting in scratch results, but risk is definitely not back on yet.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite is falling again, closing nearly 0.3% lower to 3480 points. The daily chart below shows this dip quite clearly after the failure to breach 3600 points with support at 3400 the possible terminus here:
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