By Chris Becker
A very wobbly start indeed to the trading week as trade tensions hang over the entire risk complex, with US markets now finally catching up to a distracted Trump, ready to unload another round of tariffs – for what reason, no one knows… Treasury 10 year yields hit their highest level since May, breaching 3% briefly before retracing while the USD was off against all the majors, with Pound Sterling once again making a new high.
Recapping Asia’s session yesterday with Chinese stocks first, where the Shanghai Composite closed 1.1% lower to 2651 points in response to the growing trade tensions with the US. Momentum remains negative with all eyes on terminal support at just above 2600 points:
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