Did anyone stay up all night to watch the US markets? It is unbelievable - strange panic maniac going on there. People could say it is due to turn dates on so on.
However, it did a nice recovery towards the end - probably the PPT or strong buying due to oversold market
It was funny that the reported noted the sell off was due to fear of European banks. I would have thought that people were watching the US futures and fed that feare into the European Market.
It is quite clear that the FED wants the European to have joint interest rate cut coordination.
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