Markets rallies but overbought signals surface

Global markets had a good run yesterday amid optimism of US & China reaching a trade deal before deadline and there are reports that both the Democrats and Republicans has reached a tentative deal to avoid Government shutdown.

China Export to US. AAP Source: AAP

Of course, China continued to fare not only well but even stronger  on the second day of trade after long holiday had given markets renewed  momentum as well.

We can’t  also miss Nikkei as well as it rebounded 531 points last single trading day because of a weakening Yen. Market sentiments in Japan is at all time high.

And Dow Jones had a solid run this morning too.     

As we all know, after the release of the recommendations of Banking Royal Commission Report, banking sectors enjoyed a strong come back, lifting ASX200 above the 6000 psychological level.

There are suggestions that the Commission has spared the pain of  Australian banks from dramatic restructuring its business model. Is that the case? Our guest, independent economic analyst and strategist, Dr Po Man Chan, will shed us some light about it.