By Chris Becker
It only took Trump throwing his weight around with more threats of tariffs on Europe offsetting the potential year long delay of Brexit overnight. Not helping was the IMF again dropping its growth forecasts which sent US Treasury yields dropping substantially as currencies were somewhat volatile but finished the day almost unchanged.
Looking first at the Asian session yesterday, where Chinese markets stumbled along without any headway, the Shanghai Composite closing down a few points, while the Hang Seng Index continues to advance past the 30,000 point level, closing 0.3% higher to 30147, but it has to be said that this looks way overextended:
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