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Reversing some of Friday's price action

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  • Estoxx futures has reversed some of Friday's gains, and besides Utilities and Real Estates, all sectors are in the red in the Stoxx600, with Basic resources and Insurance as the worst performing sectors.
  • The pullback in Europe has dragged US Equity lower, albeit more limited in the US.
  • Initial support in VGU4 is seen at 4819.00, Friday's low.
  • Note that the focus this week will be on rolling September positions into the December expiry.
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  • Estoxx futures has reversed some of Friday's gains, and besides Utilities and Real Estates, all sectors are in the red in the Stoxx600, with Basic resources and Insurance as the worst performing sectors.
  • The pullback in Europe has dragged US Equity lower, albeit more limited in the US.
  • Initial support in VGU4 is seen at 4819.00, Friday's low.
  • Note that the focus this week will be on rolling September positions into the December expiry.