By Chris Becker
A tumultous week on risk markets, with the Brexit saga leading the way as volatility on bond markets continues to push stocks and currencies around. The week ended on a much better note with US markets rallying behind hopes for a final deal on US/China trade, even though economic data continued to disappoint, while solid German employment figures helped the continent at least.
Looking at Chinese stocks first, where last week saw the Shanghai Composite continue its pause with a close just below the 3100 point level, still well above former resistance at 3000 points where support is getting stronger. The market had gotten ahead of itself with momentum extremely overdone but has firmed here into a better posture for this week, but are the trade talk outcomes already priced in?
