There is an uncertain feel to financial markets at the moment. Earnings season in the US has failed to ignite the bulls on Wall Street, where despite a string of positive corporate numbers and a nice beat of expectations on the existing home sales yesterday, the S&P 500 closed 0.5% higher and is still rangebound. Furthermore, overnight the data out of Asia was disappointing. Flash manufacturing PMI readings for both Japan and China both missed expectations and also worryingly showed that they were falling below 50 and into contraction territory. Although Asian markets have been mixed to slightly positive in their ... (full story)