By Chris Becker
Stocks put on a broader rally overnight as the ECB contends with easing or ending its own QE programs. The US 10 year almost hit 3% as a result and Wall Street was led by the financials instead of tech stocks for a change, although Tesla shares rose by nearly 10% in the wake of the recent shareholder meeting. Its looking quite positive here in Asia today with currencies also likely to rise as the USD takes another dive.
Recapping stocks in Asia yesterday first where the Shanghai Composite put in a scratch session, putting on only a handful of points to close at 3115, in a listless session. This keeps price action above 3100 with a run up to 3200 still likely but probably as part of this long drawn out sideways market :
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