By Chris Becker
Wall Street continued the Santa rally with the fourth straight record high week with confidence surrounding the US/China trade deal builds. European stocks also rose as the BOE kept rates on hold in its first post election meeting, while oil prices finally fell back after a stellar run.
Looking at the action on Asian markets on Friday where the Shanghai Composite fell sharply going into the close, eventually hanging on just above the long held 3000 point resistance level by falling 0.4%, while the Hang Seng Index eventually finished 0.25% higher at 27871 points. This keeps it hovering right on the previous October highs with the daily chart showing how the former October highs are now being pushed through with more conviction:
