By Chris Becker
The return of US traders from their long weekend has seen the return of nerves with stocks selling off overnight as record Treasury auctions saw very high yields returned, sparking more fear that the bond bull market is over. The USD rallied against the majors taking weight of the respective domestic bourses and tech stocks did better than industrials so its not all doom and gloom.
The data calendar is relatively quiet today with some Australian wage data and Japanese preliminary manufacturing PMI survey results.