European indices see purple on the open immediately

• Eurostoxx -1.four%
• Germany DAX -1.1%
• France CAC 40 -1.three%
• UK FTSE -1.2%
• Spain IBEX -1.7%
• Italy FTSE MIB -1.three%

The losses right here aren’t something as dangerous as what we noticed with US indices yesterday at the least. And that’s at the least helped partially by a greater temper in US futures. S&P 500 futures are up zero.three% in what’s a really gentle bounce to this point on the day. That being stated, it’s nonetheless early and whereas more often than not post-Fed Thursdays are typically a retracement to Wednesday, equities had been already in a somewhat cautious temper within the run as much as the FOMC assembly. So, there may be extra promoting to hit earlier than the dip shopping for comes again into play finally.

This text was written by Justin Low at www.ubaidahsan.com.



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