By Chris Becker
Market sentiment remains cautious as we end into the final trading weeks of the year with US stocks barely lifting on Friday night amid more tensions in Europe over the Brexit drama saw continental bourses drop once more. More buying of US Treasuries and Yen as safe havens remain the choice for risk, although the antipodean currencies continue to catch a big bid – especially the Kiwi which is definitely experiencing “Business Time”.
Looking at Chinese stocks first, last week saw the Shanghai Composite comeback slightly to stabilise above tentativel support at the 2600 point level, almost reaching 2700 points. I still contend we’re likely see another sideways shuffle this week with a bearish bias and all eyes on the Chinese/American trade negotiations:
