Equities plummeted last week on lockdowns in Europe but are coming back just as sharply this week, clearly ignoring US election risks. While there’s no clear reason behind this euphoria one may notice that the key support zone that we pointed out last week worked and this has facilitated a turnaround with a possible resistance around 12300.
Still, markets might be in for a rough ride today as the Election Night can see many twists and turns. The first results should be arriving after 10pm GMT but it could take at least several more hours for a clear tendency to be revealed. We will report all this to you in the “News” section for the whole night so stay with us to react to market developments.
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