By Chris Becker
It was a busy night on risk markets with the ongoing Brexit saga only providing profit to traders (and not much sleep!) as the UK Parliament again showed how sad the whole situation is with another “nuh-huh” vote on, well anything. Economic prints came back better than expected in the US with a very solid March ISM Manufacturing print while EZ wide CPI undershot with core inflation still well under 1% as EZ wide manufacturing remained in the contraction zone and keeping Euro depressed.
Looking first at the Asian session yesterday, where Chinese stocks launched the highest with the Shanghai Composite up over 2% while the Hong Kong Hang Seng Index closed 1.8% higher to 29562 points. This takes it past the previous daily high as momentum pushes into the nicely overbought zone with support building at the previous daily lows at the 28500 point level:
