By Chris Becker
Its a near one month high for US stocks as they led the charge again overnight setting up for another very positive session here in Asia today. US Treasury yields also continued to moderate on high demand with another round of auctions last night seeing the 10 year back below 2.9% and at a two week low. Currencies were largely unchanged while commodities continued to move higher.
Recapping action in Asia yesterday where the Shanghai Composite made good on its positive return last week and closed more than 1% higher to 3326 points. The next obvious level is former support, now key resistance at 3400 points, but momentum is not yet positive enough to call this as a new trend:
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