Wednesday brings a continuation of a strong rally on European indices. This is the fourth day of strong gains and despite concerning news of unrest in Hong Kong indices keep soaring higher – close to 2% up for DE30, FRA40 and EU50. DE30 is up a massive 46% from a pandemic low in March! Looking at DE30 the level to watch is 11830 – a local low from October 2019.

University of Michigan sentiments lower than expected
Market Wrap: Declines spread across the European market
Nasdaq down 1.3% ahead to the US open 📉On Semiconductor dips 13%
Chinese stocks in panic mode 🚩 Alibaba down 50% from all-time high