By Chris Becker
The Fed held overnight, happy with the course of inflation in the US as stock markets reacted negatively going into the close setting up for a risky day here in Asia. Treasury yields lifted slightly while gold and the other major currencies stumbled
Recapping stocks in Asia yesterday where the Shanghai Composite reopened and was basically steady, only down a few points to 3080 points. This market remains under tremendous pressure after its breakdown in early February so I’m expecting more downside pressure to support at the 3000 point level:
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