By Chris Becker
Another mixed session on stocks overnight with European bourses advancing again while Wall Street stalled due to a drop in health care stocks from the “Mediscare for all” and a slump in oil prices. The USD firmed slightly against the undollars, particularly gold which made another new daily low while CPI prints in the UK and the EZ confirmed that inflation is no problem for Europe.
Looking first at the Asian session yesterday where Chinese stocks produced scratch sessions again with the Shanghai Composite floating along to close only a handful of points higher at 3262 points, while the Hang Seng Index also treaded water, losing a couple of points to close lower at 30117 points, still hovering around a steady state of daily highs above the 30,000 point level. This market needs to punch through that resistance soon or the bulls will runaway:
