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Banking sector leads in early trade

EQUITIES
  • Banking sector leads in Europe, SX7E is up 0.83%, AXA, BNP are bid following report of a possible Asset Management tie.
  • Next resistance in the Index is at 143.76, followed by 145.47 (gap).
  • VGU4 tests initial resistance of 5022.00, and break through would open to 5039.84 61.8% retracement of May 16-Jun 14 sell-off next.
  • Although US Cash Equities are shut Today, at current futures level, they would have seen another record high open.
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  • Banking sector leads in Europe, SX7E is up 0.83%, AXA, BNP are bid following report of a possible Asset Management tie.
  • Next resistance in the Index is at 143.76, followed by 145.47 (gap).
  • VGU4 tests initial resistance of 5022.00, and break through would open to 5039.84 61.8% retracement of May 16-Jun 14 sell-off next.
  • Although US Cash Equities are shut Today, at current futures level, they would have seen another record high open.