Macro Morning

Advertisement

By Chris Becker 

With risk now focusing on tonights US non-farm payrolls (employment) numbers, the bond market stabilised while US stocks stalled at their yearly highs as the ongoing Brexit talks, deals, votes and back stabbing continues apace.

Looking first at the Asian session yesterday, where the Shanghai Composite lifted nearly 1% to remain well above 3200 points, while the Hong Kong Hang Seng Index retreated slightly to 29821 points after getting well ahead of itself and moving into this extremely overbought position. A small dip on mean reversion down to 29500 or so is to be expected but futures are looking positive:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe