Like most other world equity markets, the Shanghai comp' didn't manage an Oct' close above the important 10MA, but it is continuing to recover, with a net Monday gain of 1.6% @ 3636. First target remains a monthly close in the 3800s by year end.
How China - and other world equity markets, settle the year will be very important. The US market is leading the way higher, followed by Germany and China/Japan.
I'm guessing we'll see the Shanghai comp' back in the 4000s before most realise it... and then its a straight run to the 6000s by late 2016.
Tuesday will see import/export prices and wholesale trade.
*Fed official Evans will be speaking on US Govt' debt in the afternoon... I would imagine a number of 'US Govt' debt is under control' comments.
Goodnight from London