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Sees some momentum selling

EQUITIES
  • Estoxx future has broken Yesterday's low and saw some downside momentum after breaking the 4300.00 figure.
  • Next support in VGM3 is at 4279.90 20-day EMA.
  • In Cash Stoxx 600, Tech are down down 1.99% and are the leading losers, Banks have now also breached the 1% mark, down 1.27%.
  • It was another gap lower for SX7E ( EU Banks stocks), and next support will now be seen at 101.08, the April low.

Chart source: MNI/Bloomberg

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