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(U2) Trend Needle Still Points South


(U2) Downtrend Intact


(U2) Bear Flag

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STOCKS: The majority of the headline Asia-Pacific equity metrics managed to
shrug off the latest trade war rhetoric that emerged over the weekend, focusing
on the positive lead from Wall St. & a more cautious round of Fed rhetoric
- The Nikkei 225 added 0.5%, with the Chinese CSI 300 & Hong Kong's Hang Seng
adding similar amounts at writing.
- However, Australia's ASX 200 struggled, losing 0.5% as China's Commerce
Ministry announced that it is launching an anti-dumping investigation on
imported barley from Australia. Some suggested that this will be interpreted as
retaliation for the AU-U.S. security deal that was signed over the weekend.
- U.S. index futures trade marginally lower at writing.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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