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Extending small losses

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  • Estoxx futures is extending small losses, after it failed to break back above the 5000.00 level, printed a 4998.00 high on the Cash open, but futures is still somewhat leading Cash lower.
  • Basic resources, Real estate, Energy, financial sector and Banks are the losing sectors.
  • Equity Desks have seen very little in terms of clear driver for the pullback, with no new headlines hitting the screen so far today.
  • Lower liquidity, Volumes will also be playing its part in exacerbating some of the moves, won't take much in terms of size to move the needle.
  • VGU4 sees small support up to 4950.00, although it did print a quick 4934.00 low Yesterday.
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  • Estoxx futures is extending small losses, after it failed to break back above the 5000.00 level, printed a 4998.00 high on the Cash open, but futures is still somewhat leading Cash lower.
  • Basic resources, Real estate, Energy, financial sector and Banks are the losing sectors.
  • Equity Desks have seen very little in terms of clear driver for the pullback, with no new headlines hitting the screen so far today.
  • Lower liquidity, Volumes will also be playing its part in exacerbating some of the moves, won't take much in terms of size to move the needle.
  • VGU4 sees small support up to 4950.00, although it did print a quick 4934.00 low Yesterday.