Wall Street has one of its worst downturns in yesterday's trade and is about to register one of its worst months in history. Strong sell-offs continued yesterday as the consequences of the FED meeting on Wednesday are still raging and assimilated by investors and markets are beginning to adjust to a neutral monetary policy. The rating for the two, instead of three interest rises in 2019, has begun. It seems that Grinch has indeed stolen the Christmas Rally as it remains only a few days to Christmas, and the indices seem like the beginning of a new market failure comparable to the start of the 2008 drops year
In Asia, the negative series continued, driven by the Japanese stocks, marking the biggest slump. Uncertainty has been steeped everywhere and Europe is coming, traders to show steel nerves or to surrender to fears and to turn red.
Indicative opening prices of European indices:
DAX:+15
FTSE:+21
CAC:+9
The thinner opening will most likely be a prelude to the next horrific trading session on the Old Continent. Trading will be cautious, cautious at first, and then traders will embark on the emotional horror trailer looking for salvation. Today we are expecting a lot of economic data about Britain's economy and later about the US economy.
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