By Chris Becker
With the US Thanksgiving holiday, markets were relatively quiet overnight, although European bourses suffered from the continued lack of confidence on the Brexit saga, with a new summit scheduled this weekend. Pound Sterling jumped regardless while other currencies were basically unchanged as oil prices remain depressed.
Recapping Asia’s session yesterday where the Shanghai Composite closed 0.2% lower to 2645 points, after coming back slightly following a sharp fall before the long lunch break. The daily chart showed the potential of a slowdown in this long standing correction, but price must finish above 2600 this week if there’s any chance of a longer term recovery:
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