Market stabilises after shocks

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Most Asian markets are modestly in the green overnight after the rebound in stock markets Stateside. The S&P500 enjoyed its best day since March with performance driven by cyclical stocks, while small caps gained some 3%. European equities have opened up positively and US futures are mixed at present.

Monday’s volatility has abated for the time being though summer markets and thin liquidity can always throw up new curveballs. The VIX, sometimes known as Wall Street’s fear gauge, has dropped back from above 25 to below 20.

S&P marker

The recent low in the S&P500 at 4,233… Read More:

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