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Circuit breaker levels to watch in the S&P 500 later today

  
Analysis, US Market
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How low can you go?

SPX

US futures hit limit down very early in the trading day and with European equities pointing to a 8-9% drop across the board, it looks like US stocks will be headed for an extremely rough open later in the cash market (S&P ETF down by nearly 10% now).
Here are the key circuit breaker levels to watch today:
  • Level 1: 2,521.25 or down 7% from Friday close
  • Level 2: 2,358.59 or down 13% from Friday close
  • Level 3: 2,168.82 or down 20% from Friday close
If anything else, also keep an eye out on the key trendline support that stretches back all the way to 2009, currently near the 2,500 level. Clearly, this did not age very well:
SPX Trump

European shares extend higher on global growth hopes

  
Analysis, Global Indices
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Euro Stoxx 600 it’s 4 year high. 5th straight day of gains

The European major stock indices are closed and extending higher on global growth hopes.
The Euro Stoxx 600 index is trading at 4-year highs and is up for the 5th straight day of gains.
The provisional closes for other indices are showing:
  • German DAX, +0.8%. The close is the highest level since February 2018
  • France’s CAC, +0.3%
  • UKs FTSE is ending the session flat
  • Spain’s Ibex, +0.4%
  • Italy’s FTSE MIB, +0.6%

Yields are also higher as traders in global debt markets are also hoping global economies will get a boost on more cooperative US China relations.

Euro Stoxx 600 it's 4 year high. 5th straight day of gains_

10 worst performing stock markets in 2014

  
Analysis, Education
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10. Malaysia – Bursa Malaysia stock exchange

Loss in 2014: -10pc

How to access this market: The best route to this stock market is via the iShares MSCI Malaysia ETF, which tracks the up and down movements of shares listed in Malaysia. 

9. Mexico – Bolsa Mexicana de Valores SAB de CV stock exchange

Loss in 2014: -12pc

How to access this market: One option is to buy a fund that has a significant chunk of its money in Mexican shares, such as the Blackrock Latin American Investment trust, which has around 30pc of its money in the country. Alternatively there is SPDR MSCI Mexico Quality Mix ETF and the iShares MSCI Mexico Capped ETF. 

8. Brazil – Bovespa stock exchange (more…)

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