By Chris Becker
Positive sentiment remains high as US stocks nudged their record highs up ever so slightly in the wake of a possible US-Mexico trade deal. European bourses were mixed with returning traders in the UK pushing the FTSE higher while the peripheral markets fell. USD pushed back slightly against Euro but is also still under pressure, while Treasury yields fell with oil and other bulk commodity prices slipping.
Recapping Asia’s session yesterday with Chinese stocks first, where the Shanghai Composite has paused its rebound, closing a handful of points down to 2777, unable to make further gains as it heads up towards stronger resistance at the 2800 point level. Momentum is slowly swinging back to the positive after being very negative with the Yuan appreciation helping, but I’m watching significant resistance at 2800 points closely:
