By Chris Becker
No news means good news for risk markets with Wall Street rallying on Friday night, with currency markets stabilising although Pound Sterling got a bit excited on more hard line Brexit gyrations. The USD remains steady while safe havens like Yen and gold are also largely unchanged with only Euro dropping on Friday as bond markets also eased off.
Looking at the action on Asian markets on Friday, where the Shanghai Composite continued its little rebound to finish 0.3% or so higher to advance beyond 2800 to 2823 points while the Hang Seng Index also moved higher, up 0.9% after Thursday’s rebound to finish at 25734 points. Not quite a weekly high, but a good effort nonetheless after selling off during most of the week, with the daily chart still spelling a lot of trouble ahead if it breaks below 25000 points proper:
