Morning Report Monday 21 September 2015
Three very different things that caught our eye this morningGood morningOverviewMondays are often the hardest days to write reports at Market Matters because we generally have no significant fresh news since writing our comprehensive Saturday report. Hence sometimes, like today, we go searching around for interesting / market-relevant points that are often over looked.Turning to the MarketsThese 3 markets keep catching our eye:China
The Chinese stock market and economy have become the "tail that wags the dog" over recent months.
The Chinese stock market has been stable over the last 3 weeks but failed to make any meaningful retracement to the recent 45% plunge.
There are no meaningful signals at present in the heavily government influenced market but a failed move under the 2800 area would be required to generate buy signals at present - see chart 1a.
Show more...
