SMLL - Markets Look For Direction While Nord Stream II And SMIC Are In The Crosshairs

Overview: The capital markets are looking for fresh directional cues after last week's equity declines and seeming reversal in the US dollar. The MSCI Asia Pacific Index fell 1.6% last week, its largest drop since April. Markets in the region were mixed, with Japan, Taiwan, and especially China and Hong Kong moving lower. European shares are doing better, and the Dow Jones Stoxx 600 is recouping most of its pre-weekend losses. US shares are little changed. Bond markets are quiet. Asia-Pacific bonds seemed to play some catch-up after the rise in US yields after the

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