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Markets Bounce, With Decent Gap Higher Expected On Opening Bell

EQUITIES
  • US futures trade uniformly in positive territory, with the NASDAQ future trading higher by just over 1% a few hours out from the opening bell. The e-mini S&P has bounced off Friday's 4577.25 to add over 50 points, but the recovery has fallen just shy of a 50% retracement of Friday's slide, with 4642.75 marking a decent enough intraday resistance level.
  • Similar gains are seen across Europe, with markets adding 0.8-1.2%, with the EuroStoxx50 leading the charge. Energy names are seeing most support, with the rebound in prices flattering margins and stock prices for the likes of Royal Dutch Shell, BP and Repsol.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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