Shares speed up losses in European morning commerce

The bleeding continues from Friday’s gash wound as equities are seeing purple once more at this time. S&P 500 futures have been down earlier by round zero.four% however are accelerating losses now to over zero.eight% on the day.

In the meantime, European indices are additionally seeing the slight losses from earlier collect tempo. The DAX is down zero.eight% and CAC 40 down zero.7% at present.

Within the greater image, all eyes can be on US indices later. Particularly, the S&P 500 can be in focus because it seems set to crack beneath its 100-day shifting common (purple line) for less than the second time since November 2023. Are we overdue a extra vital correction in worth motion to start out the brand new yr?

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



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