By Chris Becker
Last night saw risk markets try to breakout of its recent contained mood with US stocks putting in scratch sessions as European bourses found some more risk as Euro and Pound Sterling retreated against USD. Industrial production figures from the US is partly to blame on the spoiling mood while the German ZEW Survey came out better than expected.
Looking first at the Asian session yesterday where Chinese stocks rebounded, particularly the Shanghai Composite which climbed over 2% to close at 3253 points, while the Hang Seng Index reversed its recent small dip, pushing 0.8% higher to 30033 points, getting back to the previous steady state of daily highs above the 30,000 point level. It remains to see today if it can breakout here:
