Traders were betting on the abandonment of the proposed referendum and the fall of the Greek government on the eve of a vote of confidence, the European markets have turned violently on the rise in the morning. U.S. futures contracts also misguided this morning, now part up 1%.
In terms of statistics, weekly unemployment figures are broadly consistent with expectations for 397K, the ISM index of services and industrial orders are expected to 15h.
At 13:45, the ECB also cut its rate by 25 basis points to 1.25%, which should support the compartment of the bank’s new chairman Mario Draghi will speak at 14:30.
Technically, the Dow should continue its upswing began the night before and join the early interactions 11940/11960 points, 50% retracement of the recent bearish movement. Above this level, we can expect a quick return to 12,100 points and 12,300 points.
