Wakeup Call: Equities Will Open Lower On The Back Of Worsening Outlook For The Economy

Equities will open lower in the European equity markets after the negative outlook for the broader economy is worsening.

Calendar

What's going on?

Crude Oil still ranging after a lot of talk about the ability of OPEC to cut production and maintain high prices. Saudi's saying $75 oil is fair.

Asian stocks falling moderately here, Monday morning. US and European session closed slightly higher on Friday. We are watching 900 in S&P500 as an important psychological level. Momentum seems to have faded, but if 900 is broken, we might have a week more of (moderate) upside.

Today's ISM figures and Construction Spending are likely to have some impact on the stock market.

Extremely tight range in gold and silver. Increasing likelihood of a dramatic break-out. Downside most likely in our opinion.

FX

Equities

Futures

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