By Chris Becker
Overnight markets were shaken, but not stirred, by President Trump’s reneging on the Iranian nuclear deal. Stock markets on both sides of the Atlantic finished slightly down or with scratch sessions, and while oil prices were volatile they did not falter either with WTI crude remaining above $70USD per barrel. Futures are indicating a slow start to the day here in Asia
Recapping stocks in Asia yesterday where the Shanghai Composite had another good session , closing 0.8% higher to 3162 points, ready to tackle the next resistance at the 3200 point level. Pressure continues to lift here as the absence of a full retracement to support at the 3000 point level means a return to confidence. Resistance at 3200 is the target medium term:
