Yesterday was one day in the world to Europe. The depreciation of the euro, the worst for months, trading on the European markets and the subsequent return of concerns about second wave of recession in the world, which would result in fiscal trouble and radical remedial programs of the EU budget, built a depreciation of the atmosphere, which in the case of the German DAX-a resulted in a loss of 3.3 percent. Wall Street succumbed to European pressure and already in the first hours of the index fell rapidly, in successive hours of calmer, but still increase the loss. Balance of the day were declines of 2.65 percent index (DJIA) to 3.85 percent (Nasdaq Composite). Wide S & P 500 lost 3.1 percent and ended the day at 1,041 points.
worth a moment to stop for a final session of the S & P500, which at the end of the day he fell in the region of 1035 points, which meant a decrease below the February hole. The support, which over the month, twice stopped the supply of buyers and again provoke the session ended on an important technical level. This fact good for the bulls, however, has the disadvantage of closing at its lowest level since last autumn, as the closing prices of the February bottom was pierced. Therefore, it is worth the distance of yesterday's attempt to approach the bulls, although it is hard not to notice that the buyer looking for their chance and fall in seven days by 80 points, and support must provoke picking up shares.
Sale moved to Asia, where the Nikkei lost more than 2 percent. On the pros are, however, futures on the S & P500. Declines on Wall Street will not be a surprise to European exchanges, because they led to markdowns in the U.S., so you can at least expect attempts to stabilize prices at levels from yesterday's close. In subsequent hours, the power of markets must already take data, which were to dominate trading this week. On Friday, the most important is to receive the report - the Labor Department data showing the condition of the labor market - and now players will be at 14:15 on the ADP, which are always read in the context of that which can be read Friday's jobs outside agriculture. The other reports will be interesting UK GDP growth, unemployment in Germany and, finally, the Chicago PMI index.
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