By Chris Becker
Last night saw risk markets in a contained mood without much activity with both sides of the Atlantic putting in scratch sessions on stock markets while currencies were range bound as no significant economic events were reported. Treasury yields were also relatively unchanged with Fed futures still stuck on an even chance of a rate cut by December
Looking first at the Asian session yesterday where Chinese stocks started the week poorly with the Shanghai Composite falling 10 points or 0.3% to close below 3200 points again, while the Hang Seng Index continued its small dip, down 0.3% to 29810 points, still unable to get back to its recent steady state of daily highs above the 30,000 point level. Futures are indicating further falls today as price is failing to get above resistance on the daily chart, so watch the low moving average to come under pressure:
