Trading October 9 S & P / MIB

The reference rate cut by major central banks made yesterday was not sufficient to support a strong rebound in stocks, which closed the session near the minimum period.

Yesterday in Wall Street, Dow Jones -2%, S & P500? 1.13%, Nasdaq -0.83%. Banks still prove to be difficult (-3%). We believe the potential bearish indices U.S. is out of stock and increase the chances of a strong rebound, despite the high volatility (Vix index 57) could still affect the framework for short.

Asian indices closed weak this morning: Nikkei -0.5%, China? 0.5%, Bombay -3.15%.

In Europe, the decline in the Bund future (116.5) by the maximum period may attempt to anticipate a rebound in European indices.

The S & P / Mib (22,274) yesterday made to mark new lows for the period. Oscillators (RSI) are set for an imminent rebound.

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