By Chris Becker
Despite Trump’s endemic foot-in-mouth disease, stocks ended slightly up last night on hopes of a Chinese-US trade deal, while Brexit concerns kept European bourses depressed. Treasury yields lifted slightly while the USD remained strong against most of the majors.
Recapping Asia’s session yesterday where the Shanghai Composite was unchanged, finishing at 2574 points after being up slightly earlier in the session, still unable to make any traction to get back above key support at the 2600 point level. The daily chart showed the potential of a slowdown in this long standing correction, but price must maintain itself above 2600 this week if there’s any chance of a longer term recovery:
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