By Chris Becker
It was a rebound week for global equities last week following the significant correction throughout December and into the New Year as the fallout from the Chinese/American trade war and the looming Brexit levelled confidence and risk taking. Friday night saw the release of the latest US inflation figures, with the CPI print the lowest in over a year, mainly due to the near collapse in oil prices.
Looking at Chinese stocks first, where last week saw the Hang Seng ended the week on a good note, stabilising at just above the 26000 point level, as the weekly chart shows a tentative bottom and possible breakout forming. Momentum remains quite negative however, so the macro development of any good signs out of the ongoing US-China trade talks could see a definite break above the weekly downtrend line here:
