Global Daily: Winter of Discontent

US stocks closed lower yesterday with the S&P500 down 0.3%, the DOW down 0.35% and the NASDAQ 0.25% lower. European stocks were sold even harder, with the CAC40 coming in for particular punishment to fall 1.14% on the day while China’s CSI300 was the beneficiary of the delayed stimulus bounce that we flagged yesterday to close 0.7% higher.