News Update :: By Spider Signals

Don’t get too excited by the steepest rally in Chinese stocks since 2016, according to Bank of America Merrill Lynch.

It says the Shanghai Composite Index’s two-day gain is a sentiment-driven, short-term rebound. The gauge edged lower in Tuesday morning trading.

– The U.S. dollar traded around the highest level in two months
– The yen and gold ticked higher

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