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Asia Sets the Tone, Indices Rebound

EQUITIES
  • After the negative close on Wall Street, Asia markets were far more positive, with the Nikkei 225 and CSI 300 both finishing with gains of 1.3% apiece.
  • A similar story across Europe, with Spain's IBEX-35 outperforming alongside France's CAC-40. Germany's DAX lags slightly thanks to a pullback in German carmakers, with Daimler, Volkswagen and BMW all lower.
  • The e-mini S&P sits just below yesterday's alltime high print of 4542.25, with the uptrend remaining intact. A recovery through here opens 4542.58 and 4580.21, both projections off the Jun 21 - Jul 14 - 19 price swing.
  • VIX futures remain under pressure, with prices touching a new lower low today of 18.25 points. This marks the weakest level for the Sep contract.

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