Macro Morning

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By Chris Becker 

Volatility was subdued on overnight markets with the lack of any real news apart from growing instability in Libya which saw oil prices spike, while the USD retreated slightly alongside US Treasuries. With a Brexit deadline stretched further and no news = no volatility, Pound Sterling was largely unmoved, although Euro pipped higher.

Looking first at the Asian session yesterday, where Chinese markets returned after a long weekend due to a holiday. The Hang Seng Index finally closed above 30000 points, up 0.3% to 30077, with futures indicating that a small dip on mean reversion is unlikely today, so I’m watching for an advance:

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