A decent showing so far on the day
European indices are trading near the highs, up around 0.4% to 0.7% on the session currently while US futures are also up by roughly 0.4% to 0.5% on the day.
Commodity currencies have more or less trimmed losses against the greenback and going back to European stocks, the DAX is still seen holding a defense of its 200-day moving average so that is a key technical victory (for now at least) for buyers:
Meanwhile, the heavy selling in the US session yesterday saw the S&P 500 close at its lowest since July and also kept below its 100-day moving average, so any bounce in the day(s) ahead needs to try get above the latter to really convince of a further rebound.
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