By Chris Becker
We’re in correction territory now as major markets can’t get over round after round of tariff tit-for-tat, culminating last night in Daimler’s profit warning which sent European markets reeling. Staying in Europe, further concerns about Brexit and a debt deal for Greece weighed on the Euro, with the BOE meeting overnight pushing Pound Sterling higher, even though the bank was steady with no rate rises, the hawks are rising in number.
Its going to be a painful session here in Asia today with a poor lead from Wall Street.