Recap: US indices Traded In The Green Yesterday As The Tech Sector
US indices traded in the green yesterday as the tech sector outperformed, as the Nasdaq closed at record highs. In the Asia Pac area we have traded mixed, the Shanghai Comp. (0.48%) and Nikkei (0.27%) both traded in the black while the ASX lost ground dropping half a percent.
On the balance commodities underperformed overnight with the exception of oil. Spot WTI held $65/bbl to trade 0.25% higher after a miserable session yesterday.
On the contrary, copper traded very well during yesterday's session smashing through the $3.10/lb barrier to trade as high as $3.12/lb with some analysts citing issues with workers from Escondida (world biggest copper mine) the main reason for the rise.
Gold still looks subdued this morning currently down 0.03% but downside momentum looks to be fading as daily losses are getting smaller and smaller and key levels hold....