By Chris Becker
A lacklustre night on risk markets in the absence of economic catalysts as traders continue to weigh up the risks of a growing trade war and OPEC makes moves to shore up the flagging oil price. Tech stocks again providing the heavy lfiting on Wall Street as industrials wavered through an upbeat talk from NY Fed President John Williams.
Recapping stocks in Asia yesterday first where Chinese markets were closed for a holiday. The Shanghai Composite is at a key juncture here with terminal support at 3000 points looming. The 200 day moving average (light blue line) continues to provide solid resistance with the series of lower lows pointing towards a breakdown:
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