European Equities Higher, FTSE-100 Closed for Bank Holiday

A sharp sell-off last Thursday in the E-mini S&P contract reinforces a bearish theme and signals the end of the recent corrective bounce between Aug 18 - 24. Attention is on support at 4350.00, the Aug 18 low and bear trigger. A bearish trend condition in Eurostoxx 50 futures remains intact and last Thursday’s sharp sell-off reinforces this theme. The move lower signals the end of the recent corrective bounce between Aug 18 - 24.

• Japan's NIKKEI closed higher by 545.71 pts or +1.73% at 32169.99 and the TOPIX ended 33.41 pts higher or +1.47% at 2299.81.
• Elsewhere, in China the SHANGHAI closed higher by 34.561 pts or +1.13% at 3098.636 and the HANG SENG ended 172.6 pts higher or +0.96% at 18128.98.
• Cash markets in Europe are generally positive, with the EuroStoxx50 higher by 0.8%, while Germany's DAX gains 0.6% and France's CAC-40 rises 0.8%. The FTSE-100 remains closed for the August bank holiday.
• Dow Jones mini up 77 pts or +0.22% at 34458, S&P 500 mini up 6.75 pts or +0.15% at 4421, NASDAQ mini up 33.75 pts or +0.23% at 15010.25.