Pricing in global double-dip recession ? or an extension of EU bond plbm as EU financials report 1H losses on Greek impairment.
Regional marginally off day’s low but remains deep in red, near -4%. EU -2% while DJfuts bounce off -150 lows at -50 in late Asian hours.
Fbm.fkli sharply off lows and finish near day highs. Both trade below 100 and 200 SMAs. Fresh bears next week if under 1510 targeting , 1480 year low lvls. Otherwise, mkts are poised to bounce first, targeting major resistance 1540.
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