By Chris Becker
European markets fell overnight as Wall Street barely eked out a scratch session, while the bond market and USD went nowhere in a hesitant fashion across the risk complex. The Canadian Loonie fell smartly on the release of the soft CPI data while Pound Sterling lifted on a spike in UK business optimism.
Looking at Asian share markets yesterday where Chinese stocks moved higher in solid reversals, with the Shanghai Composite rising nearly 0.4% to close at 3063 points. Meanwhile the Hang Seng Index arrested its previous very sharp fall, closing 1.2% higher at 28341 points. This keeps it above trailing support but still poised here and nowhere near back above its previous high, so caution abounds for a break below 28000 proper:
Advertisement