US equities have had a decent bounce off the lows but are still deeply in negative territory. The S&P 500 is down 57 points to 5913 after falling as low as 5869. If the index falls 1% it would be the first time since 1952 that it’s had two 1% (or more) declines in the period between Christmas and New Years. Traditionally, that’s one of the strongest times of the year.
Meanwhile, European stocks meandered to moderate declines:
- Stoxx 600 -0.5%
- German DAX -0.4%
- France CAC -0.6%
- UK FTSE 100 -0.3%
- Spain IBEX +0.1%
- Italy’s FTSE MIB flat
This article was written by Adam Button at www.forexlive.com.
