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Equities bounce into the European close

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Some life into the finish

Some life into the finish

The S&P 500 has trimmed its decline to 37 points. The opening ‘high’ is 4098 compared to 4090 now. If it can get into the opening gap, we could see a further bounce.

Meanwhile, it’s a rough day for European equities but the closes are around 1% above the lows.

  • UK FTSE 100 -1.3%
  • German DAX -1.7%
  • French CAC -1.5%
  • Italy MIB -1.4%
  • Spain IBEX -1.5%

For the S&P 500, it also looks like the market is trying to carve out a double bottom.

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