Major European bourses are initially seen trading moderately higher Thursday, with a small pick-up seen in equity futures contracts as the European cash opening approaches. Some mild overnight profit taking in risk assets has been observed during the Asian traded hours, with Japan’s Nikkei 225 Index ending the session up 0.86% at 8876.59. Continue Reading…

(2128) The EUROSTOXX 50 confirmed a very weak closing below the lows of the last few session but it failed to confirm the break of the support of the inside day at 2137. The session started however below this level suggesting further weakness toward 2109. Continue Reading…

(2196) The EUROSTOXX 50 confirmed also yesterday further consolidation interior the inside day with 2264 – 2137 still the levels to follow in the coming hours. Only a daily closing below 2137 will confirm lower levels. Continue Reading…

(2200) The EUROSTOXX 50 confirmed on Friday a further session of consolidation interior the inside day with 2264 – 2137 still the levels to follow in the coming hours. Only a daily closing below 2137 will confirm lower levels. Continue Reading…

(2204) The EUROSTOXX 50 confirmed yesterday a further session of consolidation interior the inside day with 2264 – 2137 still the levels to follow in the coming hours. Only a daily closing below 2137 will confirm lower levels. Continue Reading…

We retain a cautious tactical stance on European equity markets that we adopted in March, as political uncertainty in Europe rises and global macro momentum deteriorates (Figure 1). While on a longer-term basis, we remain optimistic, progress in dealing with Spanish structural issues, greater political certainty and a conclusive turnaround in China remain pre-conditions for us to turn more bullish at this time. Continue Reading…

(2207) The EUROSTOXX 50 confirmed yesterday a further session of consolidation interior the inside day with 2264 – 2137 still the levels to follow in the coming hours. Only a daily closing below 2137 will confirm lower levels. Continue Reading…

(2200) The EUROSTOXX 50 confirmed a session of consolidation failing to confirm the positive day reversal. Instead it formed a new inside day with 2264 – 2137 the levels to follow in the coming hours. Continue Reading…

(2240) The EUROSTOXX 50 formed a positive day reversal but only a daily closing tonight above 2254 will confirm a s/t bottom supporting higher levels. The indicators of the daily chart are still negative but those of the s/t ones turned all above the line supporting the correction. Continue Reading…

(2172) The EUROSTOXX 50 failed to confirm a reversed S_H_S formation plunging instead below 2177 forming a gap down at the opening. Only a daily closing below 2177 will support lower levels suggesting a test of the 2100 support area. Continue Reading…