Macro Morning

Advertisement

By Chris Becker

Another very mixed night in stock markets on both sides of the Atlantic following an equally uncertain session here in Asia yesterday. The USD halted its advance against the majors, as did the rise in US Treasury yields, still reaching for that magical 3% mark. European markets absorbed the latest ECB minutes, where that central bank is also laying out the case for a return to interest rate normalcy

Recapping action in Asia yesterday where Chinese markets finally returned from their NY holiday with the Shanghai Composite gapping more than 2% higher to 3268 points. This takes it well above the 3200 point resistance level that was anchoring the volatile bourse before the holiday, but now it needs to quickly get back above 3300:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe