With equities cooling off on Portuguese concerns, Colin Cieszynski and Michael Hewson consider the technical and fundamental outlook for a wide range of financial markets.
- Global markets have sold off as Portuguese banking issues raise concerns over a return of the Eurozone crisis, with the DAX slumping
- The Russell 2000 is showing a potential double top, with smaller US stocks struggling more than the larger corporates
- An increase in volatility is seeing more opportunities for trading as the bulls and bears tussle for control
- Stocks have continued to rally despite the Fed pointing to an end to QE3 in October, which may see a significant sell off in the markets
- Gold is starting to see some gains as Europe talks about easing monetary policy
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.
Video content by Michael Hewson of CMC Markets.