By Chris Becker
US stocks ended the night mixed after a fairly positive European session with tech stocks leading even as consumer confidence figures were much higher than expected. Oil prices continue to lift while Treasuries keep selling off in a uncertain risk environment.
Recapping Asia’s session yesterday most of the region returned from a long weekend, including the Shanghai Composite which remained in the red all day, closing 0.5% or so lower to 2781 points, crossing back below the former target at 2800 points. It’s unlikely that last weeks bounce will be sustained here with momentum remaining negative and the downtrend remains intact:
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