By Chris Becker
Its all about Brexit – no trouble – overnight with risk markets tentatively moving forward, only Pound Sterling suffering any stress due to Boris’ suspension of Parliament. The USD rose slightly while Treasury yields were relatively stable through a large auction, with the latest DOE oil inventory figures giving oil prices a boost.
Looking at the action on Asian markets yesterday, where Chinese stocks diverged from the rest of the region with the Shanghai Composite falling 0.3% to be back below 2900 points at 2893 while the Hang Seng Index continued its mild retreat, down 0.2% to 25615 points. Price remains under pressure below the low moving average on the daily chart, and still looks set to return to the terminal low just below 25000 points:
