By Chris Becker
Stock markets were more optimistic overnight in the wake of the ECB hold decision and the solid US data with tech stocks leading the way. Treasury yields fell back below 3% after making a four year high while a slumping Euro gave European stocks a solid tailwind. It should be a positive day here in Asia as a result.
Recapping stocks in Asia yesterday where the Shanghai Composite took back most of its recent gains by falling nearly 1.4% to 3075 points, once again on its way down to terminal support at the 3000 point mark. This market continues to be under enormous pressure after its breakdown in early February so I’m expecting more downside pressure:
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