By Chris Becker
The decline in European manufacturing activity and the swearing in of Trump-lite Boris Johnson as UK PM was not enough to upset risk markets with new record stock markets in the US, while iron ore and oil prices fell on supply gluts. The USD remained firm against the majors, although Pound Sterling fought back a bit, while the Aussie dollar remains under 70 cents.
Looking at the action yesterday, where Chinese stocks were positive but mixed with more action on the mainland with the Shanghai Composite closing 0.8% higher to 2923 points while the Hang Seng Index finished just 0.2% higher at 28532 points. This keeps it around the recent set of highs at 28500 as the market remains in a sideways mood here despite the lift in sentiment:
