Hi friends,
Negative data on home sales and weak forecasts for financials are likely to create a negative sentiment for sometime now. With uncertainty prevailing a test of 1057 on the S&P looks very likely. Sell S&P at 1083(keep a limit order) CMP 1080.5 SL 1092.
Savio
Hi friends,
Spain’s issue of 3.0 billion euros in 10-year bonds and 479 million euros of 30-year bonds was successfully subscribed too although the rate of interest was on the higher side. This added a lot positive sentiment to the global markets which extended their pullbacks to close the week positively.
Meanwhile China has agreed to make [...]
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